Do we finally bounce back or will we see another dump. next supports are at $42 and $20. We are moving with bitcoin and a sub $5800 bitcoin will cause a fear sell off. We can alternatively finally find support here and get a good bounce to start a bull trend in time for Q4 NOT TRADING ADVICE
When the trendiness come together. LTC 1 HR time frame This long term bear market may finally come to an end very soon. Cool looking star pattern formed from short term trendiness. @ scenarios at play here. Continuing this double bottom or a bull breakout in the next few hours.
What if the too massive spikes we had were just bull traps and takeouts? If we look past those spikes we see a great bull trend channel. Looks like a double bottom is still needed. Im thinking a double bottom at about 110-113 before we start moving up again. Not trading advice DYOR
This trade idea is still playing out pretty well. I did have to adjust it a bit for time but the general path has been pretty good since late April. That dump we had a few weeks ago threw the top of this channel off a bit but I think we see a retest of $114ish and depending on what the bears have left maybe even $96-$100. We can still get a good bounce at the end...
ltc breaking down into another wedge. A fall to $128 looks very possible but watch for a sharp bounce and possible reversal at that time.
We may finally see how this breakout would have played out had the Mt.Gox hack not happened. This looks pretty similar to LTC's climb starting in November 2017 to present day. If we continue the same trend then the last candle would be about $200 today which is a major resistance for us today.
This wedge is almost at its end. LTC should make a decision soon as to what direction we will be moving in next. Look at previous charts for info on Scenarios A and B that will likely play out.Im leaning towards A. A- retest of $250 resistance B- retest $100 support.
LTC idea from a few days ago is still playing out very well. I think we will see 190 LTC before a retrace to 170 and a clear decision as to what direction this market will be moving. I am leaning towards A but crypto has shown time after time how quick bears can change directions. Let me know what you think. THIS IS NOT TRADING ADVICE. DO YOUR OWN RESEARCH
litecoin breaking out of another rising wedge- blue dashed lines
LTC retracing the same pattern over and over again
Anyone have any thoughts on possible uptrend trade channel? This is not investment advice. Just trying to learn from others.