Ltcusdlong
Litecoin Price Analysis - $100 $LTC By End of October?
Relative Strength Index: The RSI is currently at a healthy 51 points and rising. We caught LTC/USD right at the rebound after it retraced down to $71.1.
Bollinger Bands: Litecoin is currently within range of the two bands after briefly dropping below the lower band an hour ago.
Volume: Unfortunately, the volume is extremely low right now which is surprising given that it's the start of a new week where markets are usually more active. However, volume can go from 0-100 extremely quickly if the market start swaying to either side.
Litecoin Price Prediction
The RSI and Bollinger Bands are both indicating that LTC/USD will trade sideways. Litecoin's volume reinforces the sideways market because of how low it is.
My short term prediction is that Litecoin will stay above the $71 level at least for the first half of the week. As the news about Litecoin summit spread, I believe it will have a bullish impact on the market and we just may see a $100 Litecoin by the end of October.
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Ltc short 2019 - 9 - 7.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Support me, follow and like
LTCUSD Falling Wedge ."In the name of Allah, the Most Gracious, the Most Merciful"
LTCUSD Falling Wedge.
We need to wait for Full Breakout Confirmation.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan.
LTC - Buy and SellBitcoin on the sidelines will be a couple of days
I think it will just give the opportunity to the movement of other violas.
Entry point is
Stop loss it is clear where to put
Waiting for the target
LTCUSD H&S forming + bullish convergence on the DailyPossible H&S forming on LTCUSD pair if you don't consider the last little 'surge' as the second shoulder.
This means LTC is at a interesting price point to buy in with a tight SL to try and catch the shoulder up to the neckline around $98.
The support in case we drop down the support will be around $51 as the chart shows. Another support for this H&S claim is the bullish RSI convergence we are having on the chart (D).
What do you think?