Ltcusdshort
Litecoin- New leg up to 180?After finding a bottom at 120, LtcUsd has reversed and made a local high slightly above 150 figure. A correction followed and the price dropped again to 130 zone. Here Litecoin seems to have found bids and we can expect a new leg up from this crypto.
This leg up can drive the price to 170 resistance with an extension to 180.
I'm bullish as long as Litecoin stays above the recent low.
Litecoin- Next stop 100?I've said it before, Litecoin is the weakest of all big 4 with the price consolidating in a tight range in December and with clear no buying power.
Finally, we have a break under 140 support and now the price is trading at 129. I expect continuation to the downside and 100 figure can be seller's target.
Sell rallies is a good strategy for Litecoin and only price above 160 would negate this bearish scenario
LTCUSDT : Trading inside current triangle. Our today's Academy setup is found on the LTC / USDT pair.
On the time frame H1 we see a nice triangle and also the current trend line inside the triangle.
If this line is broken, the price will test the bottom line of the triangle.
Otherwise, when the price respects the trend line, we can go in the direction of Long.
However, we determine this on the chart in the lower time frame, ideally M15. More information will be shared with our students and followers.
Thank you for your attention and have a nice day and Happy trading.
@Alex_UCT
Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH.
Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
Litecoin H&S Formation GameplanHello Trader friends,
With massive increasing price, Litecoin became one of the interesting coins in this bull run.
This coin increased around 30% in between 24 hours and found itself a high around 274.6.
Then price started a correction and a left shoulder and a head formed.
I started to observe closely this price action and planned a strategy regarding this formation.
If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 .
My strategy
LTCUSD Short Position
Entry: 259
Target: 245-242
RSI divergence should be noted as well!
Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action!
Likes and comments are highly appreciated!