Litecoin may breakout soon.
Fundamental overview:
currently the whole market except of some alt's is in a sideways/upwards trend while BTC is moving sideways for months.
On the following Analysis I will combine serveral strategies to give you a clear proof for my prediction.
Technical Overview:
In the coming days, we expect that the price will raise, this is due to the cup & handle pattern you can see on the 4h chart.
With the pattern litecoin experienced a breakdown following by a breakout.
All explainations are visible in the image.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
currently the whole market except of some alt's is in a sideways/upwards trend while BTC is moving sideways for months.
On the following Analysis I will combine serveral strategies to give you a clear proof for my prediction.
Technical Overview:
In the coming days, we expect that the price will raise, this is due to the cup & handle pattern you can see on the 4h chart.
With the pattern litecoin experienced a breakdown following by a breakout.
All explainations are visible in the image.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Note
elon musk detroyed chance for good long positions let's wait for a new bottom or bullish patternNote
you saw a retest on the supportline we were breaking through now became resistance, however, as before Litecoin may break through it on the next retest and we hopefully see the 400+ again
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.