LTC/BTC TA Update (Bullish trend-line breakout?)LTC/BTC
LTC broke outside the downward trend-line resistance and manages to hold the 12 EMA on the daily time-frame.
This breakout signals a temporary short term reversal to potentially retest the resistance area 600000 - 625000 sats regions.
If the price can hold this level in the coming days, we may say the immediate bottom is now set at 550000 areas that will become our reference for long term important key support.
Ltcusdshort
LTC/BTC TA Update (15% Drop More?)LTC/BTC
LTC broke weekly key support at 682500 sats area and already facing another deep dive into no support zone.
LTC could easily drop another 15% further since there is not enough historical data of trading history back in March 2017.
Weekly RSI is still inching closer to an oversold condition where potential relief bounce could happen. If this candle closes bearish,
it will only add downside momentum in the coming days or weeks. Bears have controlled this market.
LTC/BTC TA Update (Another Nosedive?)LTC/BTC
LTC broke bearish after the support failed at 5980 sats level and the price plummeted to 5500 sats area.
Litecoin is currently holding the last bull defense of downward trend-line support,
if this key line support also fails, I can see another nosedive to 5000 sats price target.
Though RSI is at an extreme level of oversold, we may see a temporary relief bounce right here.
LTC/BTC TA Update (Bears in Control again?)LTC/BTC
After LTC went on a short rally up to 745 sats, it has been in a heavy pullback and price broke below 50 MA and 100 Day MA again.
Bears are trying to control the market but LTC Bulls has 1 more hope to prove themselves.
The price slowly approaching key support or may retest previous swing Low.
I hope the Bulls will show up soon otherwise, LTC will be in deep trouble.
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.
SHORT LTCUSD BCHUSD both pave way for BTC continuation
$73.70 TP1
$77.30 TP2
60.55 STOP
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AND altseason wraps up as BCH, XLM, LTC kick off into what will follow: a healthy BTCUSD consolidation; before encountering next major resistance at $9642.
With that being said keep your stop loss is set at all times keep your eye on your portfolio and do not get greedy just because there are ample opportunities to take profit does not mean you need all of them remember it is better to miss out on potential profits going to lose actual assets.
Disclaimer
Not financial advise
-@a1mTarabichi