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#LTC/USDT attempt to exit a bull wedge- breaking and retesting the resistance of the bull wedge - blue "mirror" level - feels Fibo levels (min. - $ 23.0, max. - $ 145.0) - increase in trading volumes Who is out of position, there are two options: 1) Enter from the current or closer to the resistance of the wedge. Stop under $ 61.40. Profits are indicated by green areas on the chart. 2) Enter after the breakdown / retest of the blue "mirror" level. Stop in that case under $ 63.6. Profits in green.
Long
by IgorPorokh
2
LTC / USD      AnalyticsCustomer indicates the level of support  LTC Globally worked correction of the entire growth to the level of 0.5 fibo, this is excellent because the paradigm of organic growth of any asset is the correction to accumulate more volume and continue the upward movement.   More locally, we see on the 4-hour clock that the candles are closed with pin bars, with very long shadows at the bottom, based on market mechanics, we can conclude that bulls are protecting the level of $ 84-88.    At the moment, we see bullish divers on MACD and RSI (the price goes down, updating the minima, the indicator remains within the level), therefore you can add positive growth factors to the bank. All movement takes place in a bullish wedge format, which is another positive signal in long.    Bottom line: You can enter after a breakdown of the downward trend, the first goal will be 0.5 total fall of fibo - $ 106, a horizontal volume is detected there, which will only strengthen the zone. It is not worth entering yet, because we are not insured against one more long candle, and bringing our foot under a minimum ($ 84).
BITFINEX:LTCUSD
by IgorPorokh
7
LTC - The “Cup With a Handle” Technical Analysis FigureLTC - The “Cup With a Handle” Technical Analysis Figure The classic pattern on the daily timeframe. Have you seen it? Mastering the pattern is very possible before the "halving" process! The Truth of the figure consists of numerous important positions, which cannot be ignored. Conditions are following: 1. The promising uptrend is needed to start the formation of the figure. There is no point in hope for the formation of the price chart without a trend. Even if you'll find a perfect "Cup with a handle" drawing, it will be just a picture, which means nothing. 2. The depth of the forming "cup" should not exceed 2/3 of the previous uptrend height. The optimal choice is 1/3 - 2/3 of this value. 3. The depth of the “handle” should not exceed 0.5 times the depth of the “cup”. 4. The “Cup with the handle” is called to be the most reliable pattern on the daily or weekly time frames. It can also be seen on the hourly charts, but here the probability of its work is extremely lower. 5. The “Cup with handle” pattern should be confirmed by volume indicators. When the price moves in the direction of an uptrend - volumes should grow, and it should fall at its decline. The sharp surge in volume should accompany at the moment of breaking through the price level at the formation of the figure completion. The conclusion: All of the rules above are true. Please, pay attention to the Stop Loss on the level of 0.014. Buy - after the breakdown level at a price: 0.017. Record profits - about 0.030.
by EXMO