LTC inverted H&SLTC inverted H&S
The Head and shoulders pattern is a short term reversal pattern. It has three peak formations with a taller peak in the center. The taller peak is called the head and the other two peaks are called shoulders. This pattern appears in a bullish market, thus it is also known as Head and Shoulders Top.
The left peak usually appears followed by a bullish rally. This extended uphill rally takes a breath or the prices come down a bit due to a small profit booking. After a small dip in the prices, the head is forming as the bulls gain the momentum once again and push the prices up.
LTCWBNB_E3CBE4.USD trade ideas
LTCUSD Coinbase - Looking for EntryI 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 a possible reversal coming.
The last line of support indicated in green is not that strong as historically their are not many other points where we have seen this support hold, but the red resistance line is very strong with the price fighting this level plenty of times in the past, which tells me even if we see a reversal in the next few days unless volume picks up we wont see a trend change for awhile. The EMA is below this line of resistance so I foresee LTC being down for awhile. No signs of a long term entry in sight.
The last time LTC was in a downtrend it lasted just about two months. Before that it was most of a year in a downtrend. I do not short stocks or coins, I'm just not good at it, but if you are I would love to hear your thoughts.
LTC Breakout Downward. As I give a call of breakout for LTC.
the breakout is downwards.
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LTC is about to breakout.LTC is about to break out as per the 4H timeframe.
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Litecoin Hits New All-Time High | Potential Targets Up To $5,000We saw Bitcoin go above and beyond...
Ethereum did the same and continues to grow...
But what about Litecoin?
Litecoin hit a new All-Time High just a few days ago on average volume... A positive signal at this point.
We have resistance just ahead but, how far up can it go?
We are likely to see much more growth, if Litecoin is to follow the King and Queen of the cryptocurrency coins.
Based on my fib. Projections, we are looking at $500, $900 and even $1,450 or more...
$5,000? Maybe, but this can take longer... We aim at $1,500 mid-term... $5K is surely possible but this might happen by years end.
Thanks a lot for reading.
Previous charts: www.tradingview.com
Namaste.
LTCUSD.longPrice 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 possible upperside breakout was expected in h4 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 round of Elliot impulse wave after the completion of Wave E'
Irregular triangle pattern was forming since the end of January.Upper side breakout will be a possible outcome
Currently the price is well below the .618 Fibonacci if the price remain this Fibonacci then it might reach around .50 Fibonacci level which is around 182.00 and
this level will act as medium term support for the bull. And 50,100,200 EMA was acting as resistance for the bull in 4 hour time frame. 0.50 Fibonacci will inclined with the
lower side of the trend line which will be a good entry point for the bull. Ichimoku cloud has turned red which is a sign of medium term bearish trend
Trade call
Buy limit @ 183.00
Take profit @ 280.00
Stop lose @ 149.00