LTC Litecoin April 22 - Technical Analysis - More Bearish Signs Than Bullish
General Tone:
LTC shows more signs of bearish divergence than bullish. A hard support range is near $136. A Break above $157 though, we could see up to $175 range AT MOST, which is a massive resistance zone, so anywhere from $157 to $175 is risky trade in terms of probability.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral to Bearish
Short Term Bias (Today) - Bearish
Long Term Target Prediction - By 2019, $1,000+
The bearish scenario
The bullish scenario
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Wow ! Some great information and teachings ! Thanks very much
Thanks for everything PHIL..
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Thank you for your work!
Awesome stuff as always
Thanks for the continued TA's you time and explanations is much appreciated
How many of you know any panic sellers like so many people who pussed out and sold their LTC when times got tough? Buy when the coins are on discount!
Great update! Almost identical to what I’d come up with. Your teaching is sinking in! Thank you!!
Thanks for the trading analysis, was waiting for something on LTC from your part
Awesome post!! Keep it up and check out THIS POST as well as I have something similar.
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