sumastardon
Panjang

Litecoin LTCUSD Testing important resistance: raise stops again

BITSTAMP:LTCUSD   Litecoin / Dollar
Litecoin/Dollar LTCUSD            
Litecoin Dollar LTCUSD            
Testing important resistance at the old highs and so far standing up well.
Once again it needs buyers here to push it out of the reach of bears at current levels.
Litecoin found buyers exactly where it needed them and has
since pushed 5% or so higher. The longer term chart (left)
shows price straining against the old high , but actually it's
sitting right on top of it, trying to pin it down and use it as
support. It's doing well so far but the shorter term chart
shows price getting squeezed into a narrowing funnel where a
decision has to be made quite soon now...it either pops above
the upper dynamic and makes a run for 109 - amazing, but
possible, even though it seems unlikely. The Dow and Nasdaq
have done exactly that this year already, so it can't be
dismissed as outrageous altogether.

But, on the other side of the coin, there's also a 50/50 chance
(probably 60-40%) that price will lose the support of the lower
dynamic and then fall back to 89 at least.This wave of buying
has seen 4 smaller waves running inside the funnel, each one
getting smaller in size, which is hinting at potential
exhaustion here, a natural place to encounter profit taking.
Suggest raising the stop on longs to a little under the dynamic
support if day trading, and increasing longs if the upper
resistance line can be broken through and survive any retest.
swing traders can keep their stops at 88 for now.
Bahasa Melayu
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar