In this LTC/USDT technical analysis, we explore the potential for a bullish trend. The presence of a bullish order block and the recent halving event suggest a buying area and an anticipated price bounce.
Analysis (180 words):
1. Buying Area - 76-78 due to Halving and Bullish Order Block:
The recent Litecoin (LTC) halving event has significant implications for...
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
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...
After reaching around 250.00 LTCUSD has started to falling and reached around 200.00 which is a major psychological level and this level
also coincides with .618 Fibonacci which will act as dynamic support and resistance for both bull and bear.In Elliot wave principal we can see
Wave D was already completed and the Wave E is underway. We can expect another...
The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level
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