Litecoin- Bearish Triangle is formingLTCUSD
After reaching the 69.00 level price felled towards 45.33 and got some minor support and bounced up to 49.50
We can see a triangle formation in a bearish trend which will further triggered the selling of litecoin
In 4hr timeframe head and shoulders pattern is formed and the bullish trend line is also broken on September 02, 2020 with the long bearish candle
The price is just below the 50.00 mark which is a major psychological level and acting as a resistance level. just above at 50.71 the 61.8% Fibonacci level is also acting as a resistance
The next target would be 40.00 which is also a major psychological level and low volume area and profit taking area. At this level we can expect minor rebound of LTCUSD.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
Ltcusdforecast
LTC to see an uptrend! (1 D) | Ichimoku indicating bullish bias Market in last 1 week
-LTCUSD saw sideways movement with rejection from 65
-Price volatility was very high. The market moved ~27.5%, between $65 and $51
Today’s Trend analysis
-LTCUSD expected to see an uptrend as Bollinger Band expands
-Price at time of publishing: $60.28
-XRP’s market cap: $3 Billion
-Oscillator indicators are mostly neutral. RSI at 69 about to reach overbought region.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral, the conversion-base line has bullish crossover
-Volume indicators saw a decrease in the volume in last few candles from 133K to 33.06K.
Price expected to see an uptrend as Bollinger Band expands with higher lows being observed in the last few candles. Most of the Oscillator indicators are neutral. MACD histogram is positive, size decreasing in the positive region. RSI at 69, about to enter the overbought region with a upmove. CCI at 88, in the neutral region decreasing downwards from last few candles. Another interesting point to notice here is that Ichimoku Conversion line has crossed over the Base line suggesting a bullish crossover.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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- Mudrex
LTCUSD mid term forecastIdea : i think of a scenario that can occur if prices reverse are supported by falling wedge reversal and potential inverted H&S patterns formation
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
LTCUSD Litecoin SHORT 1 HR Bad Day for CrytosHello to all watching my charts.
LTCUSD is in Short mode like ETHUSD also.
Here in LTC Litecoin its in addition
a broken trendline which has been last from 17.10.2019
till now and Litecoin have been sitting up and jumped
up from that line at least minimum 5 times.
If such an important Long trendline is broken there is
something change big coming in short , thats my oppinnion.
If you want to know more about my trading style
please send my a mail.
Good trades
Renkotrade
LTUSD Litecoin NEUTRAL in Trading range 1 HR Chart#Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
Litecoin similar to other cryptos is catched in a trading range
between Low Support at
87.50
and High Resistance at
96.00
Only after a breakout in 1 direction above resistance or below support
we are able to analyse a clear status.
At the moment its a Neutral Status
No reason to trade here.
Good trades
If you want to support my charts and my work please like the,,,
Renkotrade
Litecoin LONG Today only Pullback 1 HR Chart#Litecoin #Bitcoin #Ethereum #ETHUSD
Hello to all watching my charts
Today we have a normal pullback maybe to the breakout level of the
inverse head and shoulder formation which has beeen stablished and formed
yesterday (Please watch my black line here)
But nothing to worry about at the moment
What is to mention is, the best for long positions
is my black line holds as maximum pullback level down.
If that level will not hold, last exit would be at my blue line level.
Trading below that is critical for long not even short
but than it will be the really really "pay attention time" for longs.
Good trades
If you want to support my work and my trades, please like them..
Renkotrade
LTCUSD Litecoin SHORT but Chance of Trendchange Long#Litecoin #Bitcoin # Ethereum
Hello to all watching may charts
After the desaster in crypto currencys of the last days
we do see here a small chance of a new shorttime long trend in
Litecoin which is little bit surpising as Bitcoin itself
f.e. is not such strong here at the moment.
We have seen a higher High, but to confirm
as this crypto is still in my shartchannel capted
i want to see a rebound to the "Long Confirmation" aerea first.
Good trades
If you want to support my work and my charts, pleasew like them...
Renkotrade
An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend)
The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5
Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way.
Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
Litecoin SHORT Chance of Trendchange 1 HR Chart#Litecoin ##Bitcoin #Ethereum #Crypto
Hello to all watching my charts.
Today Litecoin tries to find a bottom at one of my support aereas
(Lower black lines)
but the confirmation is not there at the moment.
We do need a higher high and a jump to the BLUE ARROW AEAREA
Thats important, all other movements of Litecoin is simply
a bounce in the short trend for me.
Good trades
If you want to support my work and my charts, please like them ...
Renkotrade
Litecoin LTCUSD UPDATE Trendchange to Short 6:00 p.m. 1 HR Chart#LTCUSD #Litecoin #Bitcoin #Ethereum #Rekotrade
Hello to all watching my charts
I just write these words here and same time LTCUSD Litecoin
has just fall out of my long channel in blue and sit on the last support line i have
drawn in black.
I daubt that the pair will recover soon and see a 60 to 40 chance
of falling further down
In best case we will have a sideways turn staying in my bluechannel which is
little bit long, but f you check the angle, these is very very weak
So be cautious with longs, i suggest NOT to buy on dips here
as we have lower lows and lower highs which in my oppionion
is a clear sign of short.
At the end, if it is fallen down to my purple arrow it is short shure
Good trades
If you want to support my work and my trade, please like them..
Renkotrade
Litecoin LTCUSD LONG 1 HR ChartHello to all watching my charts
Litecoin LTCUSD is similar to Bicoin at the moment on a run move long.
THe charts of these pair is much stronger than Ethereum ETHUSD
Both of my trendchannels are showing a long rund
AND the shorttime channel which shows us the next direction at first
is getting up an up, so showing us, that the long trend is very fine.
I do hope you are in a long position
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Here a additional info for all who ask me to draw other lines..
My channels shown here in the chart are NOT manual line draws from
high to high and low to low.
They are the resulat of a complex mathematical system, which is my personal
trading system, and they have different timeframes have also adjustable
different deviation in % from the actual price as forecast
ALSO they change the forecast ever TICK in Realtime and calculate the channels new.
-------
If you want to support my work and my charts, please like them..
Good trades
Renkotrade
Litecoin LTCUSD NEUTRAL 1 HR Chart possible trendchange to Long#LTCUSD #BTCUSD #ETHUSD
Hello to all watching my charts.
Lets today have a new closer look to Litecoin LTCUSD
2 things are to mention
1. We are with both channels again in a short situation
2. At the moment i write this down we have a chance for a new setup
to long IF:
At first resistance 122.60 will be broken
(first resistance from yesterday post has been taken out
118.00 BUT than we unfortunatley have seen a fall with a lower low)
(my higher black line ) AND of course
we will not see any lower lows in the meanwhile
or in other words
The lower black line must hold.
And the blue trendline long which is little bit broken must be
entered to higher prices again.
I am afraid the last condition will be not set up
and the pair will stay in my short channel to lower prices.
Than next hold would be (low from yesterday) 113.00
and also lows from 28.6. at 112.00
below that we wil nee a nirvana..
Under the line: The Setup is very unclear.
If the pair will start to my blue arrow aerae of course
we wil be in long status again.
Good trades
If you want to support my work and my chaerts, please like them...
Renkotrade
LTCUSD SHORT Till MIN 112.20 or much worst#Renkotrade
Hello to all watching my charts,
In the fall of all crypto currencies there is one crypto which seems to me
one of the worst and so one of the best short trades.
So lets have a look at
Litecoin / USD = LTCUSD
The pair had had found af fine bottom at 112.20 and started an impresssive rally
from this point to nearly 134 which is 20% up !
Than we had seen unfortunately broke of one support after the other.
First 127.50
Second 127.00
Third 125.80
In additon the trendline long brake
(All these breaks to the low i have marked with black lines here)
If now if you will go long , for a trendchange we must see
minimum the 115.00 in 2 days
or thats the opposite scenario , if the last support at 112.00 will break
the pair will be traded much lower in my eyes.
So be carefull with long engagements here,
check the next days and we will have a decision here.
Good trades
If you want to support my woerk and my charts , please like them...
Renkotrade
But than in the fall of all cryptoswe have now a fall below 3 supports
(sown in black in my chart) and after that no botom is to see.