Ltc short term target is 120eur (150usd). EP is asc triangle break at around 113eur. SL is at fib 0.786. RSI and MACD are neutral so both scenarios are possible. Wait for higher volume.
138 Is going to be resistive in this bull move. I circled in pink what I see as a double bottom, and will complete if LTC can break through above 138. This will make a higher high confirming the start of an up trend, and also confirm a breakout above the double bottom level I drew. Still a noob with the charts here, so compare my TA with others, look both ways...
fly chikun, fly high! a close below red line: sell and gtfo!
I'm obviously biased towards LTC, but come on. How does one not see this trend? Don't take this as crypto advice, just as an opinion. Clearly I know which one I'd hodl. *cough* bcashisdead *cough*
Hello Dear Friends, Since You have been enjoying the story of the magnificent, soon-to-be-king Badger, i thought you might be interested in hearing the tale of how he met his long time acolyte, sidekick and longtime friend. Lend your ears and heart to the adventures of Chikun, and I promise you won't be disappointed. This is the TALE of a young warrior, skilled...
My 2 cents: I noticed this pattern on the hourly. Lowest point bounced right off the .382 fib line I drew yesterday, so could be a good buy since it looks like it's in an hourly falling wedge. I would say no need to panic at this point. We're consolidating after a big move here. Watch out for the 4h MACD as it might cross bearish. Daily MACD/RSI look great on the...
Someone else on here pointed out a double bottom formation on the 4h chart (blue aarows) and that this wont be a dictionary double bottom unless we break 175 first, which is the high after the first bottom. That puts 2 significant resistance levels where my two red aarows are at 160 and 175. The 160 resistance comes from the resistance channel, where one of the...
Based on this, nothing really new except a few points I have noticed. In the downward channel I see that if I divide it in half, the more recent price action is sticking to the upper portion of the bearish channel, getting closer to the resistance line and ready to break out. This will be possible if volume continues to climax like it did yesterday. I am sure that...
Breakout here is very probable, Litecoin is ready to moon!
Hopping on the LTC train here! Here's my outlook of it: Price seems to be consolidating and creating a bullflag. As you can see from the previous pump, price retraced to the 0.382 level, created a nice bowl and bounced back up in about 2 day period. I'm expecting a same trend to fold here. BTC dump few hours ago allowed LTC to test the support at the 0.382 level...
We either follow the pink handle or the red big handle. Clearly we have a cup here that might need a handle. How big of a handle? Your guess is as good as mine. Given the market confidence, i'd say a smaller handle.
A lot of people have been asking me about litecoin, and I was not posting even tho a lot of other analysts did. The reason was simple. Litecoin moves in a very nice sine wave like motion and we hadn't seen the retrace for me to go bull again. However as you can see from this chart, the wave action is good and we are about to hit a TL. Everything in the blue below...
Our lovely Chikun shows signs of exhaustion. We can see a small volume/price divergence, and the MACD's lines are about to cross. I believe we can pull back to around 56$ at most.
It could potentially fall back to support on the second fan trend-line due to hidden bear div., and then be worth longing as we have both hidden bullish and bullish divergence showing.
Assuming this is actually a cup and handle formation, litecoin looks like a decent long play if one were to enter on the neckline retest. Bullish fundamentals derived from uncertainty with bitcoin and a mysterious countdown timer at litecoin.mit.edu will accompany the technicals behind this bull run. I'm expecting .024 as an intermediate target and .034 as a...
Short term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past...