I made a call last night that LTC would break down from a rising wedge pattern, but that pattern failed overnight when a huge increase in buying pressure appeared on the scene throughout crypto and the major names such as BTC and ETH (trailing a bit behind the other two). I'm seeing a lot of dollar-priced increases across the board, but LTC clearly leads the race for now. The rest is covered in the video.
All the best, Roti out.
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This is for educational purposes only and not financial advice.
All the best, Roti out.
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This is for educational purposes only and not financial advice.
Note
Information on the FUD about Litecoin Cash: benzinga.com/markets/cryptocurrency/18/02/11188543/litecoin-cash-is-coming-but-theres-some-controversy-about-its-More on LitePay (official Twitter): twitter.com/LitePayInc/status/963245378618343424
Note
Strong pivot from 0.215 and the 50 SMA on the 15min timeframe has proven to be enough support to bounce LTC back into the previous channel for now.
Trade active
Possible trajectory for LTC-USD Coinbase (other exchanges will follow suit, seems the gap has mostly been bridged so no arbitrage opportunities yet). Trade active
This one's adjusted more in tune with the altered Ichimoku system Trade active
LTC-USD Coinbase | Alternative extended version of previous trajectory if we get a strong bull break A closer look so you can see the hidden bullish divergence and the doji inside bar.
Trade active
LTCUSD Coinbase | 21m return to price channel w/ selling pressure, but bull vol is high. Could become a rising wedge, careful. Be sure to watch the Watchlist Updates where I have been following this asset carefully.
Trade active
Trading target adjusted to: 275, considering overhead resistance and predicting overbought levels in BTC in coming days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.