Topic: Litecoin trade. LTC to $24 - page 2. (Read 1190 times)
It's worth noting that the sharp recovery from last Friday's low of $33.56 ran out of steam around the downward sloping 50-SMA, where prices have now formed a lower high.
The relative strength index (RSI) remains bearish. The rally from $33.56 lacked substance/buying pressure, as suggested by the decline in the average true range (ATR) – a volatility indicator that reveals the degree of interest or disinterest in a move.
A bearish reversal with an increase in ATR shows strong selling pressure. The ATR is showing signs of life, which means the sell-off in litecoin could gather pace.
The price chart also shows a bearish crossover (short-term moving average cuts long-term moving average from above) between 50-SMA and 200-SMA.
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Litecoin is likely to test 200-SMA support of $33.52 in the short-run.
LTC SHORT
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
Approaching the levels.
Probably, will be able to short market soon. Important levels haven't changed. It's still important to break those lvls. (green square)
Good call. Other traders on tradinvview agree with the short. Im not shorting because I generally never short (crypto markets are too crazy, anything can change and you can lose a lot of money) but if everything goes as normal it should keep going lower.
The only good fundamentals I see for LTC right now is the testing of atomic swaps with other coins, not sure if that can generate enough bull pressure to stop this.
LTC SHORT
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
Approaching the levels.
Probably, will be able to short market soon. Important levels haven't changed. It's still important to break those lvls. (green square)
bitcoin could also fall a lot. quite risky to hold both. if you still hold bitcoin, at 3870 where it's last bastion before moving to , techicaly, 1700-1800, (i would hold all above ,and dropped under 3870.)
Reaching lvl
Interesting theory, I'll have to keep an eye on that and check in with you if it does drop.
I am not sure if LTC may go lower that much.
I am planning to buy more if it s falling, I rather found it quite no significant proce movement.
It moved 1 usd higher, not really sure if it ll jump, waiting for more clue
I am planning to buy more if it s falling, I rather found it quite no significant proce movement.
It moved 1 usd higher, not really sure if it ll jump, waiting for more clue
I'm still ready to short at any time.
at evening will analyze market more.
at evening will analyze market more.
It seems that 24usd is too much.
LTC may go lower within coming days but I dont think it will that low
LTC may go lower within coming days but I dont think it will that low
LTC SHORT
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
Looks like LTC wants to go bit down in price.
Target 24.1
Current price 42.4
SELL, all down from 41.51 to 37.27
Stop at 44.22
SIMPLE FX prices.
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