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LTC-USDT

🔥 LTC Downtrend Continuation: Bear Flag PatternWith BTC on the verge on reversing from a short-lived bullish reversal, LTC will most likely follow BTC downwards. As seen on the chart, LTC is currently trading in a small upward edging channel in between a larger downtrend. In case this upwards edging channel's support gets broken, we might have completed the bear flag pattern. This pattern-type is often a catalyst for the continuation of the overall trend, which is bearish in this case. In case the bearish trend from BTC will continue, we might visit the lows of $125 again. Wait for confirmation before entering this trade. Happy trading!
Short
by FieryTrading
16
LTC has a long way or will be terminated soon?!Due to latest analysis, it made a upward movement because of breaking the contracting triangle roof. In a larger view, I think it's within a upward W-X-Y correction which waves W and X were completed. Also an A-B-C pattern is within wave Y which first 2 portions were completed. But wave C is remained. There are 2 scenarios for the wave C: 1. Ending Diagonal as the wave C 2. Leading Diagonal as a wave 1 within the larger wave C If the first scenario would be correct, future upward movement will be the latest (as I specified in the chart). But if you consider the second scenario, it has a good profit in long-term trading. Summary it should make a upward movement but in the future it needs to be reviewed again.
Long
by AliBahaari
🔥 LTC Potential Bearish ReversalLTC has been trading in this bullish channel since the start of 2021, seeing almost 300% gains during that period. Clearly, every time that either the resistance or support of the channel is hit, the price reverses the other way. Since LTC is currently consolidating after the channel resistance is hit, I wouldn't be surprised if the price were to fall towards the channel support. Wait for confirmation before entering a trade. Happy trading!
Short
by FieryTrading
40
💡Don't miss the great buy opportunity in LTCUSDTTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (186.20). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 229.20 TP2= @ 246.00 TP3= @ 277.00 TP4= @ 309.20 TP5= @ 352.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
23