LTC/USD appears to be ready for an up move. Litecoin has recently been in a gentle downside correction after the strong up move previously. Since then, I have been watching for levels for it to bounce.
It appears LTC/USD is now ready for a nice up move. Price recently retested a strong horizontal support zone at 244.00, and showed strong reversal candlesticks at the lows. This indicated there could be sufficient momentum to break the sidewards resistance at 271 and break to the upside.
If price successfully breaks and closes above the sidewards resistance line at 271, I am expecting an up move to the upside target of 364.
Below I have posted my other Cryptocurrency related ideas. I would appreciate it if you could view my other content an leave a like.
I will updating this analysis if it exceeds 40 likes.
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Brand new analysis posted on ETH/USD on my TradingView!
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Brand new analysis posted regarding BTC/USD on my TradingView profile.
This post gives my latest thoughts about BTC/USD and looks atthe ideal places to be a buyer.
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I will be updating this analysis in realtime when my brand new AUD/CHF analysis posted on my TradingView receives more likes !!
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Brand new ETH/USD just published on my TradingView!
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Fresh analysis posted on my TradingView profile focussing on IOT/USD
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Posted a brand new analysis on BTC/USD on my TradingView profile.
The reality is that LTC only moves down with BTC, it does not move up with BTC. Today LTC is looking worse than yesterday - price wise. BTC remains an uncertainty so potential downside only increased. Very risky in my view.
TomProTrader
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@mike21ap, All ideas are valid until invalidated. So you could be right.
Best of luck!
AKES
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Ur awesome man! Only one in trading view to have called this while all others were waiting to buy BTC at 8k, keep posting ur ideas :)
leave LTC for few days, GDAX that represents 40 % of entire LTC volume is down to 1/7 of usual volume. looks like traders are on vacation
TomProTrader
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@bedarija, That's totally acceptable to me. It s only 5.71% difference when calculated. And if the above was a representation of the entire market the trader volume difference would only be 5.71 x 2.5 = 14.28 percent.
Still 85.72 percent normal capacity. That's acceptable.
bedarija
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@TomProTrader, well its not just GDAX of course. volume is down from 2 B$ to 800 m$
TomProTrader
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@bedarija, If something is good enough, it will move. Good things don't wait for participation. And anyone who is smart is buying into an early market.