Here is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media.
It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high.
Looking at RSI,...
4h chart - consolidation in progress with a uneven cup pattern formation.
Right side of the cup has a series of HH and HL formation.
Price currently has formed a HL and waiting to spike.
400 plus target is highly possible.
LTC is in a pennant; similar to an ascending triangle formation. To me this is an indication of a bullish continuation pattern. If it breaks out of the ascending triangle then you may expect a decent bull run.
That said, my trade setup would be something like this -
Buy @ 334 - 338
Stop Loss ~300
Please feel free to revert with...
LTC / USD
target 350 plus
1) Price has been consolidating after the recent spike
2) Consolidation pattern has formed a nice Head and Shoulders pattern.
3) Has the potential to go past 350.
4) Above 350, no resistance zone and hence open target.
Swing Trade (D, 240)
Price is in overall seller territory from D perspective, we broke the major S & R (green line) and price rejected twice going through that area and left a probe. We turned people into buyers so that we can sell for higher price. On 240 sellers shows an aggressive sign of coming back swiftly challenging the buyers who started this movement. We...
LTC has been in correction mode for the last week or so with further down time expected towards its support at 35 USD. Its not yet clear how much of an impact a UAHF will have on LTC. Its move breaking the triangle formation will determine its semi-long term movement.
As the interest in blockchain continuously grows more and more people getting interested in cryptocurrencies. Bitcoin is bound to hit all time high as it is basically the Apple of Cryptocurrencies.
Bitcoin after the market day out is again rising at a steady rate, People should start investing as soon as possible as soon it along with litecoin are gonna skyrocket....