Ltcusdshort
LITECOIN - Intraday Update - 12/03/20 (Short-term)LITECOIN - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
The bearish alt: count.
Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 79.84, before the rally in wave ((3)) begins.
Litecoin formed a ABCD bearish pattern!!! Huge MovementHello, in this analysis, in H4 timeframe Litecoin turn bearish and the market make a flow with the bearish sentiment continusly
We see that Litecoin is into this bearish channel formed from September on this year and then, we hope a short position pending to entry to pick down 2 targets that I show you in H1 timeframe.
As we formed an ABCD bearish pattern, we hope an entry in short position for Litecoin and for Ethereum too!!!
LITECOIN is trading within a falling channelLTCUSD
Is currently trading within a downward channel and the price action suggests that the upward momentum is slowing and we can expect sudden drop like one previously happened.
In longer timeframe Head and shoulder pattern is formed and felled towards 42.00 level
If the price move below the current level then the expected target level will be around 40.00
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Litecoin- Bearish Triangle is formingLTCUSD
After reaching the 69.00 level price felled towards 45.33 and got some minor support and bounced up to 49.50
We can see a triangle formation in a bearish trend which will further triggered the selling of litecoin
In 4hr timeframe head and shoulders pattern is formed and the bullish trend line is also broken on September 02, 2020 with the long bearish candle
The price is just below the 50.00 mark which is a major psychological level and acting as a resistance level. just above at 50.71 the 61.8% Fibonacci level is also acting as a resistance
The next target would be 40.00 which is also a major psychological level and low volume area and profit taking area. At this level we can expect minor rebound of LTCUSD.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
LTCUSD: Good opportunity for LongAt D1, the cloud is directing upward, indicating an uptrend. The RSI moved down to the level of 50 and the price found support on the Ichimoku cloud.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe. Besides, you can see how the Falling Wedge Pattern is being formed and RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying LTCUSDT at the end of the Falling Wedge Pattern (near the 50% Fibonacci level) and take the profit near the level of 68.
LTCUSD is falling down to 43$I see the opportunity to sell LTCUSD
many people things that LTCUSD and BTCUSD should be relate
I think its not that relate that why I think that selling is better idea
but it would not be long term
recommend for short term
trade with care
enjoy trading
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Triple Bottom or bearish Rectangle on LTC?Hello, traders.
Is LTC forming a bearish Rectangle or a tipple bottom?
Tell us what you think.
For now, we have to wait for the price to show which direction it will take for us to go together with it, either if the triple bottom or the bearish rectangle plays.
Best regards.
Sandro and Gustavo