This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (108.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
after recent breakout from 116
price has made its first pullback on hourly chart
it look like a channel consolidation
if the price breaks down then it might act as breakout and retest at 116
if it breakout above from the channel then 138 would be next resistance
Litecoin is making it's first green Heikin Ashi candle after 11 red ones on the weekly. Is it getting ready for a move up for the 5th wave?
Lemme know what you think in the comments below.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (185.9).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (173.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Based on the price action and historical movements as well as pattern formation, it is observed that a potential up move can be seen on pair LTCBTC.
If trend line breaks then buy but take 2-3 confirmations like ema, macd, candle pattern, etc. Enter on 1hr or 2 hr.
According to all the resistance and support of the past, we can conclude if it breaks $230 levels then it may go up in short term. Its just an prediction, invest on your own wisdom.
Yesterday , I posted this chart and within few hours $GTC started picking up heat even in a choppy market , now we can expect a retest of the previous resistance. On a successful retest , the resistance will turn into support and it is good to add to your positions in the fib range 0.382,0.5,0.618 , I will be adding in these three spots by splitting up , stop loss...
I do not think I will be entering COINBASE:LTCUSD any time soon. I am looking for long opportunities in my trades and want to get in on the next long term trend. Here we have the price under the 200 day EMA and Supertrend still shows negative. The candle formations which are Heikin Ashi indicate a continued downward trend but there has been some indication of...
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