#LTCUSD on BITFINEX :
- it has temporary break to the resistance trendline that has been established since february 2018, but I am not sure if it is a clear break or just a bull trap (From the history, we can see that it did several bull trap.
- if it is a clear break, I think we will see LTC to test at least $42 (previous high)
- Based on elliot wave count, we can see that there is a big possibility for long term down to $22 - $17 (as the previous heavy price action)
- for short term, a very possible case of test to $42 region
- for long term, I am extremely bearish based on pitchfork and elliot wave count, and I believe that LTC will touch $22 region
so, after those long term analysis on #LTC , we should look for an opportunity to do any trade on the shorter timeframe. and I plan to do it on BITMEX with a good leverage.
- it has temporary break to the resistance trendline that has been established since february 2018, but I am not sure if it is a clear break or just a bull trap (From the history, we can see that it did several bull trap.
- if it is a clear break, I think we will see LTC to test at least $42 (previous high)
- Based on elliot wave count, we can see that there is a big possibility for long term down to $22 - $17 (as the previous heavy price action)
- for short term, a very possible case of test to $42 region
- for long term, I am extremely bearish based on pitchfork and elliot wave count, and I believe that LTC will touch $22 region
so, after those long term analysis on #LTC , we should look for an opportunity to do any trade on the shorter timeframe. and I plan to do it on BITMEX with a good leverage.
#LTCUSD
Here is the newest EW count for Litecoin. White resistance trend line is the key resistance here. As long as the price is still trending at current range and below the white resistance trend line, it's not the time to enter the market. But breaking out of this resistance trend line, will gain a momentum to test $56 range as well.
Here is the newest EW count for Litecoin. White resistance trend line is the key resistance here. As long as the price is still trending at current range and below the white resistance trend line, it's not the time to enter the market. But breaking out of this resistance trend line, will gain a momentum to test $56 range as well.