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...
Time Frame: Daily
Structure :
Descending Channel:
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is...
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...
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.
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...
LTC is about to break out as per the 4H timeframe.
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HI, hope yo all guys doing well , This is LTC USDT 4hr chart , if you want to buy ltc , then you should buy ltc in the key area 260$ to 270$ , and guys one thing always
remember , before you invest please DO YOUR OWN RESEARCH, this is not financial advice , thank you.
Price has tapped into a 1H demand following which there was a break of structure (BOS) on the lower timeframe.
Demand zone on the 5m.was marked and entry is at its 50% with the SL below the low and target at some equal highs for an RR of 1:9 ish
This is a risky trade idea however should it work, the rewards are high.
LTCUSD
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...
LTCUSD
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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You can see that the LTCBTC has broken the falling wedge pattern
and moving in Sideway, there is 7 Resistance Level and 4 support level.
1: Resistance Level 0.00999
2: Resistance Level 0.01161
3: Resistance Level 0.01291
4: Resistance Level 0.01442
5: Resistance Level 0.01566
6: Resistance Level 0.01784
7: Resistance Level 0.0200
Support Level.
1:...
BITFINEX:LTCUSD
decreasing volume in a symmetrical triangle, might breakout the positive way, in that case a entry into the trade if good volume spike happens...
TO take profit at 0.618 retracement level....
BITFINEX:LTCUSD this is a bilateral trade to be taken, a long followed by a short..
After a long time i see a gartley in the cryptoworld..!
Personally never trader a gartley in crypto..!! this is beautiful and if it turns out good, a potential money maker and a compounder..!
