Ltcusdlong
$LTC major rection to the upside but will breakout soonHello traders, COINBASE:LTCUSD LTC has been retesting the 117-119 range for a bit on the 4 hour and experiencing major resistance. But as you can see we have long wick and short bodies from sell pressure during the rejection with each attempt as noted which is very bullish.
Each one of these areas will be a good place to take profit in "my opinion". Follows grandpa BTC which is very bullish. Lots of shooting star patterns in sight. I think we will see a rally soon.
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD testing support, potential for further rise! Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish acceleration to our first resistance level. Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD testing support, potential for further rise! Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish acceleration to our first resistance level. Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD bounced off support, potential for further rise! Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential reversal! Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCCUSD approaching resistance, potential reversal! Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD could see a reversal below our first resistance levelLTCUSD is approaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 76.4% fibonacci retracement) where we might see a drop to our support (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Potential bounce as LTCUSD is approaching support!LTCUSD is approaching our first support (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where price might bounce to our first resistance (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential reversal coming!LTCUSD is approaching resistance (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below our first support level (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
The LTC Project 2019, Phase 01, Edition 01Observations:
Daily Chart indicators:
50 EMA acting as support;
0.5 fib retracement looks like the key support level; the downward wedge channel has the break at this point.
Black slope line acting as another support line since March.
RSI around the 50% mark with double sch. oscillator indicating a return to upward momentum, confirmed by the bounce;
We have completed impulse 4 of the elliot wave
4 Hrly chart observations;
Gartley pattern in play with the black slope as its support. Immediate target after point D is the level of point A;
The 50 and 100 EMA cross over indicating a bullish component;
0.786 fib seems to be the retracement level;
4 HRLY CHART 1;