FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Try Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Page 11 of 11 FirstFirst ... 7891011
Results 151 to 156 of 156

Thread: Litecoin Analysis

  1. #151
    Super Moderator
    Join Date
    Oct 2018
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 63 Times in 19 Posts

    Default

    LTC/USD

    From yesterday’s open at $34.755 the price of #Litecoin has started plummeting down, falling by 5.66% to its lowest point yesterday at $32.774. Since then, the price has gained some upward traction and is currently sitting at around $34 – slightly below yesterday’s price.



    Looking at the hourly chart, you can see that yesterday’s open was the interaction with the ascending channel’s resistance line resulted in a rejection pushing the price strongly below the 0.786 Fibonacci retracement level and below the horizontal resistance zone (interrupted purple lines), which were serving as support on the way up above the 0.786.

    Read more...

  2. #152
    Super Moderator
    Join Date
    Oct 2018
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 63 Times in 19 Posts

    Default

    LTC/USD

    Over the course of the last seven days, the price of Litecoin has increased by 24% as it went from $33.5 on last Thursday to $48.87 at its highest spike on last Friday but has since come down to and is currently sitting at $41.8.



    On the hourly chart, we can see that the price broke out from the ascending channel on the upside with strong momentum last Friday. The wave structure implies that this is the continuation of the increase we have seen started in December last year when the price of Litecoin came up from $23.3 to $42, which has been labeled as the W wave and is the first wave out of the correction to the upside labeled as the Minor WXY.

    Read more...

  3. #153
    Super Moderator
    Join Date
    Oct 2018
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 63 Times in 19 Posts

    Default

    LTC/USD

    From last Thursday when the price of #Litecoin was $51.54 at its lowest point, we have seen an increase of 27.78% measured to yesterday’s highest point of $53.511.



    Looking at the hourly chart, you can see that the price of Litecoin has met my target as the 5th wave fully developed. It came up to the horizontal support zone’s median line and is now serving as strong resistance. The horizontal range has been entered, but since the interaction with the median line yesterday, the price has quickly started falling and came down by 6.76% in a matter of hours, indicating that the price has indeed entered the sellers’ territory.

    Read more on FXOpen blog.

  4. #154
    Super Moderator
    Join Date
    Oct 2018
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 63 Times in 19 Posts

    Default

    LTC/USD

    From last Thursday when the price of Litecoin was $50.56 we have seen an increase at first as the bullish upswing continued to push the price higher until Sunday when the price of Litecoin came up to $54.881 at its highest point. From there the price started declining fast as it came down by just over 20% in a matter of hours on Monday as the price was around $43.5 at its lowest point.



    Since Monday’s low, the price has been hovering sideways around $46 level and is currently sitting at $47 level and is in an upward trajectory.

    Read more...

  5. #155
    Super Moderator
    Join Date
    Jun 2017
    Posts
    271
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    18
    Thanked 736 Times in 187 Posts

    Default

    LTC/USD

    From Monday when the price of Litecoin was around $46 at the open, measured to its highest point at $58.63, we have seen an increase of 27.52%.



    Looking at the hourly chart, you can see that the price has entered the resistance zone once more and has managed to come up to its upper level, even going slightly above it. But since the resistance there was strong the price has started struggling to keep up its bullish momentum.

    Read more...

  6. #156
    Super Moderator
    Join Date
    Oct 2018
    Posts
    86
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 63 Times in 19 Posts

    Default

    LTC/USD

    From last Thursday when the price of Litecoin was $58.8 at its highest point we have seen an increase at first as the price continued moving higher slightly past the horizontal support zone which now serves as resistance. The price came up to around $60 but since it entered the seller’s territory it got pushed back below the upper resistance line at $57.558 and came down to $53.814 at its lowest point on Tuesday.



    From there the price started increasing again and came up to the upper resistance line again were it got rejected on a lower high and since the 5-wave impulse has ended we are most likely seeing the start of a move to the downside. This movement would be either a correction or the start of the trend continuation as the Intermediate Y wave ended from a WXY correction. If the correction gets prolonged by two more waves then this move to the downside would be the second wave X after which another move to the upside would be expected as the final wave Z should develop but if this is the start of the trend continuation then we are to see further lower lows for the price of Litecoin.

    Read more...

Page 11 of 11 FirstFirst ... 7891011

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2019 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us