---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
LTC/USDT: Last drop expected before bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets LTC suffered about negative global market situation.
- As the BTC, LTC is expecting to shape a last drop before engaging the bullish reversal
Market configuration
- Graphical Elements :
Graphical Resistance = 89 & 145 & 248
Graphical Support = 55,5 & 22,2
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 89 = Bearish
RSI indicator (below) is still showing room to the downside without divergence = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 50,50
Fibonacci resistance of the wave in progress = 89
Fibonacci support of the wave C (B)(max extension) = 41,80
Fibonacci Bullish Target = 145
Conclusion
Preferred case => Regarding the mid-term element, LTC as the BTC is about to shape the last push down in order to exhaust the bearish momentum then a bullish reversal is expected holding above 41,8 towards 89 and 145
Alternative cases => Breaking 41,8 a significant drop will open the door towards 22,2 max 11,5
LTC/USDT: Last drop expected before bullish reversal
Context
- The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital assets LTC suffered about negative global market situation.
- As the BTC, LTC is expecting to shape a last drop before engaging the bullish reversal
Market configuration
- Graphical Elements :
Graphical Resistance = 89 & 145 & 248
Graphical Support = 55,5 & 22,2
- Mathematical Indicators:
EMA ( Exp Moving averages) are still capping the market at 89 = Bearish
RSI indicator (below) is still showing room to the downside without divergence = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C (B) is set at = 50,50
Fibonacci resistance of the wave in progress = 89
Fibonacci support of the wave C (B)(max extension) = 41,80
Fibonacci Bullish Target = 145
Conclusion
Preferred case => Regarding the mid-term element, LTC as the BTC is about to shape the last push down in order to exhaust the bearish momentum then a bullish reversal is expected holding above 41,8 towards 89 and 145
Alternative cases => Breaking 41,8 a significant drop will open the door towards 22,2 max 11,5
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.