Ltcusdlong
More Litecoin LTCUSD / LTCBTCLTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong
LTCUSD IDEASo my previous litecoin chart played out. We hit the yellow trend line.
We're currently sitting just underneath it and inside a rising channel.
2 potential scenarios that can play out drawn with the red arrows
I am leaning towards a retest of 157 before a continued move up.
Let me know what you think.
Will link my previous LTC chart below
ltcusd longHere's what I'm seeing on the graph:
Falling wedge pattern down to a retest the 157 support then proceed to break up and out of the wedge and continue up to the yellow line which is near resistance at 210ish.
If we break below 157 I would expect a retest at 120ish from there we either bounce up or fall into the pit of hell.
Litecoin could test 260 resistanceAlso Litecoin recovered after the deep selloff in the crypto market and after a low of 120 is trading now at 180.
In my opinion, a new leg up is in cards for this coin and dips towards 150 should be bought.
130 is now support and must remain intact for this scenario to be valid
LTCUSD LONG2 possible scenarios drawn on the chart
1) we break out of the descending channel and proceed to break through the following resistance levels until we hit the 225 level
2) We retest the bottom of the channel at 117 and then proceed to break upwards tackling the following resistance levels until we face the tough one at 225 will reevaluate then
MFI & RSI bounces are getting smaller and smaller building up for a move to the upside.
Indicators on the hourly / daily are oversold and selling volume is decreasing indicating exhaustion from the selling side
Get ready for a move up with week
Let me know what you think
(check out my BTC idea below)
Don´t tell me I didn´t know. Hello Trenders,
If you here right now scanning between thousands of chart analysis, this one may do it.
Now even my grandmother knows that Litecoin will double its value in USD this year.
What she doesn´t know is... the motherfu.kin Litecoin may skyrocket x10 from this new bottom and pay for my next vacation like it did every cycle.
The double top was broken just enough to be ready for mooning. Volume is speculative like the masters of Litecoin. Trend looking good, time to buy some.
This trade may take 7 months.
For who wants to mine Pi minepi.com can use the invitation code (Tradingindicator).
M.M.M (Make Motherf.ckin Money)
Invest your money wisely, do not do it for the game, do it for the money.
Will Litecoin test 247 level before end of the month?If it can hold 146 level strong, possible scenario is, it will close this week above 203 and will test 247 level before end of the month. Close above 301, bulls are back in control. Why 146 should be a strong support? It's the high of June 22nd 2019 and also meets the trend line as drawn. Not a trade recommendation or advice.