Ambassadorj

Ambassadorj Updated 

Good short term support building around $70-71.... spring being loaded in this area and awaiting some possible bull action after a short period of consolidation. Good luck.

Ambassadorj Updated 

LTCUSD: Possible Bull Pennant on 4Hr now.... awaiting possible break out north!

Ambassadorj Updated 

As above. Will have to see how it plays out. Interesting back and forth for an attempt to push over $70 last 24hrs!

Ambassadorj Updated 

Looks like Bulls coming back in short term as LTC with even bigger support building right now at $68-69.... stay tuned for some short term higher altitude gains if the low $70s resistance is eroded. Might be a quick one.

Ambassadorj Updated 

There is decent support @ $69 to $70 range right now in this little up channel that I believe has formed since the low of $62 on hindsight. If bulls can rally past $72, which currently has heavy sell orders, then $75-79 rage is possible. Also, the MACD on the 3D is looking to possibly cross soon and that that has usually corresponded to a little bump in LTC price...

Ambassadorj

LTCUSD inverted head and shoulders on the 4HR not complete yet? Also, possible inverted head and shoulders forming on the 12HR and 1D chart for LTC. Will have to follow. Looks like bulls picking up some volume and may try to test the 200 EMA on the 4HR at least short term.

Ambassadorj Updated 

Gann fan and Fib retracement lining up pretty well for this LTCUSD down trend on the 1D.

Ambassadorj Updated 

Potential mini cup and handle on 4HR forming. If bulls end up breaking neck line and 50 EMA then maybe push up to 100 EMA on the 4hr at around $70-72?

Ambassadorj Updated 

Bulls currently building support at $64-65 and 4hr with Bollinger bands narrowing again after the last pop and drop from $72 but decent resistance close above. Bulls trying to shoot for the 50EMA at around $68. Overall, still bearish after the death cross on the 1D and if this current attempt to push higher above 50 EMA fails to hold then likely heading closer...

Ambassadorj Updated 

50 EMA appears to be heading to cross the 200 EMA on the daily for LTC within the next week?

Ambassadorj Updated 

LTCUSD large buy orders @ $72 but bears eating it up and now stuck below 200 EMA, relatively sideways in a descending triangle. Volume relatively low post halving. MACD divergence not always a reliable indicator of trend reversal.... see drop from $120's to $90's. Elevator is full and likely going down and accelerated after upcoming death cross. Good luck. Buy...

Ambassadorj Updated 

LTCUSD Bollinger Band squeeze on 4hr soon to pop in an overall down trending appearing pattern. Bears moving in to build up resistance at $73 now.

Ambassadorj Updated 

Stuck!

Ambassadorj Updated 

LTCUSD symmetrical triangle forming on the daily. Looks eerily similar to previous downtrend from 140's. Might indicate possible drop to mid 60's.