LTCUSD Nowhere to go but UPThe convergence of circles puts Litecoin in a very awkward spot, in which price needs to go somewhere, so naturally it moves up out of the wedge the circles have placed the price within
This is on the point of a very large major trendline, which is also a very good bull sign
Ltcusdidea
LTC, TP reached LTC!
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Litecoin- Possibility of 30% riseAfter confirming 140-150 zone as strong support, Litecoin has risen also in October and has reached 200 zone resistance.
A correction followed and new support was formed at around 175
At this moment LtcUsd is trading again in 200 zone resistance and a break looks imminent
As long as 175 support is intact I'm looking for higher prices and 260 resistance is my target
LTCUSD - Short Trade Idea 141.00 targetLTCUSD, 15m, Sell
Entry - 149.00
Stop Loss - 151.00 (20 pips)
Take Profit - 141.00 (80 pips)
lets see if the descending trend continue to targeting.. 141.00 target near to daily low and a strong support
ltcusd reject the resistance multiple time and formed a double top pattern
Litecoin- buy trade with GREAT R:RSince 6th September Litecoin is trading in a huge falling wedge
The last 3 lows are marginal, indicating the lack of power from the bears
At this moment LtcUsd is trading exactly in resistance and a break looks imminent
The target for a long trade can be 230 recent high, giving us a R:R of more than 1:4
Litecoin to 300 $Hello Traders,
Litecoin has broken the resistance and closed above, expect a retracement and buy.
Targets on the chart.
Post your idea/analysis below for discussion.
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