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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Ltcusdsignal
LTCUSDt signal (LONG)Hello friends.
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Everything on the chart.
IDEA WITH GROWTH IS RELEVANT ONLY IF BTC WILL RISE, KEEP EYES ON BTC!!!
open pos: market
targets: 46 - 47.3 - 50
after first target reached move ur stop to breakeven
stop: under 42 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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It's not financial advice.
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LTCUSDt AnalysisHello friends.
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Everything on the chart.
until we are higher than 42.5 we're bullish
targets: 53 - 55 - 57
after first target reached move ur stop to breakeven
stop: under 42.5 (depending of ur risk). ALWAYS follow ur RM .
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
LTC/USD - looks shorts.Signs of shorts position:
- Maximum downshifting.
- EMAs are showing a downtrend.
- AO shows a falling trend.
- RSi is in a bearish trend.
- Strong resistance 43$
Canceling the short position, going over $43 level.
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LTCUSDt AnalysisHello friends.
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Everything on the chart.
chart looking bullish
U can open a long-pos on a broken channel retest
Targets: 48$ - 54$ - 60$
(after first target will reached move ur stop to breakeven)
growth cancellation if we rollback and consolidation below 42$
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Also open to your questions or suggestions(PM to me).Will be glad earn some money for me and you.
#LTCUSD#LITECOIN, Support with potentialThe LTC has a negative momentum like the other currencies over the past two days.
The LTCUSD is currently on the $ 56 support line as you can see in the graph above.
Stochastic in the area you want to buy.
RSI is already at 35 which is usually indicative of a trend change.
Target: $ 63
LTCUSD mid term forecastIdea : i think of a scenario that can occur if prices reverse are supported by falling wedge reversal and potential inverted H&S patterns formation
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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