LITECOIN LONGS 📉📉📉Expect bullish price action on LITECOIN as we are in a bullish market structure on a HTF, price left a lot of bearish imbalances on d1 that should be filled asap. We are consolidating above 150$ area which is a nice zone for long entries, my longs will be stopped if price will move below 150.
What do you think ? Comment below..
Ltcusdlong
LITECOIN to rise.Don’t forget to click on the follow button for more detailed daily analysis. Also if you have any questions please do ask them!
Similarly to other crypto's we have looked at, the relatively stable LITECOIN is bottoming out.
This provides a 'stalling out' appearance and good price action.
Looking north towards reasonable resistance and MA's.
Stochs are Low and so is price. Trade likely to take some time.
LTCUSD: Catching the Intraday Move LTCUSD - Intraday - We look to Buy at 143.77 (stop at 134.00)
We look to buy dips. 141.00 continues to hold back the bears. Further upside is expected. We look for a temporary move lower. Indecisive price action has resulted in sideways congestion on the daily chart. Further upside is expected although we prefer to set longs at our bespoke support levels at 141.00, resulting in improved risk/reward.
Our profit targets will be 164.00 and 170.00
Resistance: 160.00 / 170.00 / 190.00
Support: 141.00 / 130.00 / 110.00
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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?
#LTCUSDT 50% Potential Rally Ahead! Bounced from Golden Pocket!
#LTCUSDT:- Probably one of the best-looking alt in multiple tf.
Seen some profit booking after the recent pump.
$199 level is the Golden pocket (.618 fin level) area and an important support level.
It's great anywhere between the $190 to $220 area!
I will be accumulating between these levels.
Must continue its rally towards $300.
I have two possible scenarios in mind which I've drawn in the chart. Please observe!
Invalidation will be a close below $178.
Do hit the like button and share your views in the comment section.
Thank you
ltcusd longSo far it looks like we've gone from greed to fear in 3 days on the bitcoin fear greed index.
We also have a giant hidden bullish rsi divergence on the 6 hour.
Bouced off $200 support
Macro outlook looks unchanged the DXY is dropping today, SP500 is like $2 off the all time highs.
This definitely looks engineered by whales to take your coins. The bullish narrative hasn't changed.
In Lite of a consolidation LTC/USD has returned to the .618 golden fib ratio at 219 USD
Confluence in the form up uptrend support and the liveliness of altcoins such as ALGO bodes well for a tailwind among other big caps; such as, Litecoin and Chainlink.
Anticipating a bounce up to 250USD to grab some liquidity before the next pullback
1ST SUPPORT: 218
2ND SUPPORT: 202
1ST RESISTANCE: 250
2ND RESISTANCE: 265
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Litecoin, buy or sell?BITFINEX:LTCUSD
If Bitcoin is the analogy for "gold", Litecoin is the analogy for "silver", now the fundamentals of the Litecoin suggest to buy or sell? My latest research shows that the Litecoin factor can explain 88% of the the logarithm of Litecoin price.
The Litecoin factor indicator is calculated by Litecoin fundamental factor, it can reflect how much of the Litecoin price is supported by the fundamentals.
The green line is the Litecoin factor in the chart, the trend of it are in conformity with the price.
the orange line is the correlation coefficient between the Litecoin price and the Litecoin factor in the 8 years, its value in November 16, 2021 is 0.86, shows that the Litecoin prices are mostly by the Litecoin factor influence.
Yellow line is Litecoin forecast price, the Litecoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 8 years logarithmic Litecoin predicted price, which represents the prediction accuracy, the value of 88% on November 16, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 0.8, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 16, 2021, the factor indicator of -0.82, is near of -1, shows that the Litecoin price is near of the trough.please pay attention to the buying chance.
Do you think you should buy or sell Litecoin now? Please comment, we communicate each other.