HatrekoS

HatrekoS

Hi guys, Just a publication to share with you few pieces of analysis on LTCUSD. Today we have broken the symmetrical triangle. The cup and handle pattern is confirmed and we should test the descending triangle support soon : $145. Aroon is here to confirm a great bullish move coming on the day-chart as the red line perfectly crossed the green line around 50-55....

HatrekoS

We break the falling wedge with a bullish flag. The support of the huge descending triangle will be tested soon, but I don't think we will fail the triangle breakout as we are at the beginning of a bullish market move. Aroon confirms that move as we can see the red line above the green line. We have a potential increase of 50%, LTCUSD should go at the $175...

HatrekoS

Hi guys, Just want to share that analysis with the WaveTrend Oscillator. If we analyse what happened in the past we have this : On that chart, we are at the same point today. Some people don't believe in that reversal because there are other indicators that could indicate the contrary, but is this one a great indicator ? There may not be a huge bounce, but I...

HatrekoS

Hi guys, I needed to do that analysis to share with you a great opportunity. The ABC correction is about to end soon. As you can see on the chart, we have a double-bottom forming. While LTCUSD is stagnating, RSI indicates a nice bullish divergence coming. MACD also confirms that move as the green line crossed the red. In a short-term we should retest the...

HatrekoS

Hi guys, A short analysis tonight on the 4-hour chart for the short-term of Litecoin. As you can see, LTCUSD fought to stay in the falling wedge and today has been forming a clear bottom diamond pattern. When a bottom diamond pattern is formed, the currency regain its previous value before the last bearish trend. In this case, we are in the falling wedge,...

HatrekoS Updated 

Hi guys, I really want to share with you a complementary analysis with my previous update "UPDATE - THE BRIGHT FUTURE FOR LITECOIN". Aroon indicator could help us predict some trends to get better profits when you trade. As you can see on the chart, when the AroonUp curve is red and AroonDown curve is green, we have a bullish move. On the contrary, you may...

HatrekoS

Hi guys, No Litecoin is not dead, whatever the recent pieces of news like Litepay announcement. Bitcoin leads the market and gives the direction for many cryptocurrencies. Just panic period because there are some bad news during the market correction. To react from my previous chart analysis, the huge symmetrical triangle with ABCDE wave is not followed, Elliot...

HatrekoS Updated 

Hi guys, I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening. Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December. However, there is also another possibility, as we had an...

HatrekoS

Hi guys, Some update from my previous analysis "THE BRIGHT FUTURE FOR LITECOIN". First of all, you can see that I've changed the huge symmetrical triangle's outline to expose the final possible triangle support that is located around $128. Yes, there's a clear bearish flag forming today. That's why I think the bearish trend is not ended. If the symmetrical...

HatrekoS Updated 

Hello guys, The right shoulder of the inverse H&S and a symmetrical triangle are broken with an evening star. LTC move has formed a beginning of bear flag. These indicators involve a test of $152 support in the short-term. Just a bearish momentum I think, LTC should recover its value in a few days. Don't forget that LTC has formed a huge and perfect symmetrical...

HatrekoS Updated 

As I am learning some trading indicators, I would to share you my point of view for the short LTCUSD. I noticed a validated inverse H&S pattern, so LTCUSD could test the $170 support of the bear channel. The RSI seems to work towards an increase trend, since we already had 3 oversold before. If we break that support, LTCUSD could recover $180 tomorrow. What do...

HatrekoS

Hi guys, I made a LTCUSD analysis on day-chart for long-term perspective. We can clearly see that LTCUSD formed a symmetrical triangle and the breakout could occur within two weeks. The ABCDE Elliot wave triangle pattern brings us to say that the breakout would be a great bullish move until $450. On the OBV chart, we can also notice a symmetrical triangle that...