For the past couple months, TA says we have to see a relief rally. US stocks and FED have been in sync with crypto and have been holding it down instead of TA playing out as usual.
Looking at how stocks are waiting for investors to get bullish and how BTC is staying down even though most indicators show it has to move up. We are in uncharted territory and...
BTC shows us the health of the market and when we are in bear/bull cycles. We could be in bear trend or a bear market but however you look at it. BTC is going to tell us where we are going right now. LTC TA reflects that mostly so I like to always check BTC before looking at LTC. However, bad news with inflation, a Fed being hawkish for the foreseeable future and...
Either a fakeout or bull trap, but LTC broke down out of the symmetrical triangle. Waiting for a bounce but a test of previous lows are back in play. Unless there is a lot of buying momentum soon, LTC could be testing $156, $130, and at the lowest of $110 again.
Personal opinion:
LTC follows BTC, BTC is acting similar to its 2013 to 2014 run. We could see it...
LTC did great breaking out of the symmetrical triangle but now we want to see confirmation and volume to support the breakout. Right now the RSI is moving up quickly with price movement not as much. Not to mention, the buying volume is still weak compared to previous breakouts. On top of that $200-$209 has been very strong resistance and if we dont get...
LTC is looking bullish right now and currently testing to break the symmetrical triangle. Target breakout price measuring if we breakout is around $260. If LTC fails to breakout, high $70s low $80s is in play. But will eventually rally back up when the bull market resumes. Unfortunately, LTC follows BTC and when BTC falls, LTC falls harder, when BTC pumps or...
I've been only studying TA for literally a few months. Just watching everyone else's ideas and reading up on my own. Not Financial advice but speculation and a educated guess. LTC could still be in a inverse Head and Shoulders pattern and looking at how BTC is in a symmetrical triangle debating about a break out or break down.
LTC could breakout as well if BTC...
I am new to charts and learning every day. With that said. I believe this might be a bullish Diamond pattern on the 4HR chart. I could be wrong but with RSI lowering and not in overbought territory. Watching BTC and DOGE going up is sometimes a good indicator that LTC will follow.
Thoughts, opinions? Please let me know!
Enjin ever since listed on coinbase has been in a descending channel. Possible for it to test the next fib level around $2.23 and if it can break out from there. To test the upper channel around $2.38. Possible breakout with a pull back to confirm and we can see it break out of the descending channel to move up to $2.50s again.
However, if it fails, we will fall...
LTC dropped very hard with the rest of the Market. Dropped all the way down to $230s on a wick. LTC quickly recovered to $280s and then dropped hard to $230s again on a wick but finds support around $240s. I want to say the long wicks down and no closes is a good indicator that we may have found a bottom. However, if LTC can't get above $260 then we may have...
LTC fail to break out of the Symmetrical triangle and broke past its strong support around the $200 area. Looking to see if there is enough momentum to push back up but looking at how LTC is tied to BTCs price movement. We could see further breakdown to test the lower part of the symmetrical triangle where we could get a bounce big enough to break out and continue...
Testing an Idea from watching BTC charts and gathering what others have talked about. LTC follows BTC and BTC hasn't broken its descending channel yet. It might come down to $50k one more time to do a double bottom and continue up or might see drop a little more to the next support line of $49k.
Seeing that, I believe LTC will follow but move in a bigger motion....
*NOTE*
This is just a idea, not trading advice but to put my view on where LTC can go.
3 different Scenarios can play out for LTC. With so much bullish momentum, LTC is heading towards the upper part of the Symmetrical Triangle with some strong resistance at $194-$195.
1. Ultra bullish: Target price $205-$209
2. Very bullish: head and shoulders play out and we...
