LTCBTC - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?
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Since our last update, Litecoin broke the bearish H&S we had...
Hello dear crypto friends! ;) As my mentee Richard just posted: Litecoin is currently inside both a Daily and 4H EQ: We can perfectly see the 4H EQ as two Daily inside bars. Also we can see that the Daily pattern nicely first formed an Evening Star, and in the same move a Morning Star Reversal: A break of the 4H tightening would give the bears around 6% profit...
LTC is gonna need a bit more time to continue its breakout patern. At best I think we can form a double top to retest 1800 by early June - however with BTC trending sideways - LTC will be taking a back seat and cooling off over the next few weeks.
Hello dear crypto friends! This is crucial:
Litecoin is currently in the process of breaking the huge Weekly S&R zone, which reaches from psychological $100 to $130.
The importance of the S&R Zone can be seen holding up in April 2018 with a Morning Star reversal pattern, and also in May 2018 with a Spinning Top, before we finally broke that zone to the...
LTC/USD most likely to make a bigger correction before we will break the top again.
(142.670 / 128.480)
(I will update the charts daily if something new appears)
The whole market has dropped a lot the past week, where Litecoin rallied up to the top again. The whole market dropped a bit past 2 days, while bitcoin is again moving up to the highs.
Now at first sight it looks amazing and strong and that it's about to break up. However, there is a very big difference when we look at the volume picture.
It seems like we have...
Litecoin has been one of the cryptocurrencies that have been growing more solidly and steadily since the beginning of 2019. Since December 15th when it bottomed out at $22, reaching its lowest point in more than two years, it has increased almost 500%.
During the last and ongoing upward trend, the Litecoin price has behaved very good technically talking. It has...
We are sure many of you already have heard about halving of LTC this year.
It will happen on the 5th of August 2019.
The last time we were weeks before halving the significant rally appeared.
It happened in 2015 at the beginning of May.
In that time we were just a couple of weeks from halving.
Those who invested could gain 470% within just 8...
One cannot deny that Litecoin has performed remarkably since LTCUSD bottomed in mid-December of 2018. Since then, LTCUSD has appreciated by nearly sevenfold, outperforming most major cryptocurrencies including Bitcoin.
That being said, while I am still a Litecoin bull, LTCUSD needs to continue to show strength as we approach the resistance levels which were...
Blue log curve is our new long term parabolic up trend; Blue dashed line represents the linear form of the parabolic trend; Orange dotted lines show the current linear channel. If the blue log curve holds we can expect new break out later in the year around November, if it does not hold then the linear lines (blue, orange) should hold.
Taking into account the massive run it's been on I can see buying exhasution starting factor in, plus the RSI and Stoch seem to indicate some downward momentum coming in, but you have to also keep in mind the halving coming up in about a month so I don't see it dropping too far.
A retrace to test support @ $110 area would be an ideal sport to grab some and hold...
entry point 130 $ - 140 $
take profit 175 $ - 225 $
stop lost 100 $
Log in after the end of the line
the descending trend level
rollback to support level
and on the breakdown lines
input in the range:
entry point 120 $ - 125 $
take profit 175 $ - 225 $
stop lost 100 $
In the event of a bearish BTC dropping to 5k levels, LTC gets absolutely rekd - easily getting crushed at least 20% more than BTC. This would land LTC in the $70 USD range, which is where i am placing my buy limit orders.
Hello dear crypto friends, hope you had a good start into the week!
Let's get right to it: Grandpa BTC has currently managed to get a Double Bottom at 7,450 as support.
The range of 8,100-8,300 acts as crucial resistance, also from the previous Ascending Triangle breakout: Unless we can clear this range to the upside, we will still have the potential for a...