Ltcusdidea
Litecoin- 20% potential gain if it breaks 140After reaching 120 recent low, Litecoin has started to recover and now is trading exactly under a very important confluence of resistances.
140 is the line in the sand for this crypto and a break above this figure could lead to acceleration and a visit to 165-170 zone resistance
Back under 130 would delay this scenario
Litecoin- Next stop 100?I've said it before, Litecoin is the weakest of all big 4 with the price consolidating in a tight range in December and with clear no buying power.
Finally, we have a break under 140 support and now the price is trading at 129. I expect continuation to the downside and 100 figure can be seller's target.
Sell rallies is a good strategy for Litecoin and only price above 160 would negate this bearish scenario
Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH.
Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
LTCUSD IDEAThe chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement.
I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July.
Let me know what you see?