If the price goes below $8100 level the Bearish Momentum will likely to continue for short-term and push the price lower. If the price goes above $9300 level the Bullish Momentum will likely continue for the short term and push the price higher.
Bitcoin is about to observe 200-300 price loss in the next couple of hours watch for a nice short-term buy at 6050. (Personal Opinion, probably what I will be doing)
Very exciting times for LiteCoin as we enter the weekend. The Long-term support line and Short-term down-trend resistance are forming a Triangle. We can either see a break of the resistance at $56 which can lead lite coin to shoot up to $60 range. We can also see a break of support at $54.75 and go down to $53.5 support line.
My earlier predictions are holding up very nicely as it can be seen the support levels bounced up the price of LTC twice already, and currently, it is about to bounce back up from the support line at $54.75 level all the way up to $58-$61 range breaking the down-trend resistance line. In my opinion, this is the perfect entry point. I would advise you all to watch...
Now that all the hype of the BTC Gold is over, and the sudden shift from BTC to Litecoin is settled, I improved my previous analysis with the latest trend-lines and support and resistance levels. I am personally expecting a bounce up from around 53$ up to $57 then health retrace to $55-56 then up as shown on the graph.(Just my personal take on the analysis) These...
At the end of this bull flag I think it is more probable for the price to go up another $4-5 and then trace back to $58-60 area later on. (Short-term Analysis) My long-term analysis of LTC supports this belief which you can see in my previous post Good days for LTC are ahead ladies and gents
In my previous post, a couple of others suggested me to correct my zone coverage areas as they were not including the entire width of the trend line so thank you for the feedback I really appreciate it. After the correction, now it can be seen that LiteCoin just entered the "Buy Zone"
I have been part of this community for a long time and follow some of the great analysts daily. I have been using TradingView and it's tools for a while regarding my short-term trades and I love it. This is my first post and only providing my personal opinion which I have formed after reading other professional analysts recent reports and watching trading videos....