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LTCUSD

Litecoin (LTC-BTC | LTC-USD) running with the bulls!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. -- This is for educational purposes only and not financial advice.
by RotiWokeman
2
LTC USD - Bear or Bull that is the question** In the video I stated "double top" and I should of said "double bottom" but you'll get it when watching :) ** Below bullets summary of video: W - Weekly overall showing Bullish, weekly price action has returned to spoke onto the 786 fib retrace, above the 36 day MA (bullish) D - Price action below the 36 day (bearish), 200 MA providing support, slow moving MAs looking bearish 4hr - 200 MA over 36 MA (bearish) with decent separation, have a falling wedge forming (possible bull reversal signal), possible double bottom formed (bull reversal signal), slow MAs crossed to the upside 3hr - price action has moved above and closed above 36 day, hitting resistance around $160.00 1hr - price action is broke and closed above 36 & 200 MA (bull) Overall I'm waiting to see what happens from a day / 4hr perspective. I don't day trade so this is where i based most my buy/sells at. From the day, we are waiting to see if the current candle (showing bull at the moment) closes bull and if we can get it up and over the $160 we'll have confirmation of a move up. If not we'll patiently waiting for that day. :) If we drop back to the 200 MA on the day we would see price sink towards the $100.00 mark.
COINBASE:LTCUSDLong
by tripjscrypto
3
KISS - Keep It Simple Stupid - Repeating PatternsQuick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks. I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and support and resistance levels. For me I find this works best for me in determining targets for entry and exits. I hope you found the video informative and help, if so give me a like and reminder to follow to stay update with my post.
Education
by Crypto_Sid