Litecoin has been falling all day today, initiated by some really bearish technicals. How far down will today’s move reach? During my analysis on LTC/USD last week, I discussed the how price was very likely to fall during midweek, before rising back to around 10.8, mentioning, “Conversely, we have some potentially bullish technicals on the Daily timeframe, so […]
There might not be much activity on Litecoin from a longer timeframe perspective today, but zoom into the lower timeframes, and we can find some real technical nuggets. Let’s take a closer look at the current LTC/USD chart on the fifteen minute timeframe below (click to expand): I’ve performed the latest Fibonacci study from the high of today […]
LTC/USD Technical Analysis – 21st Feb 2014 By Ashton Fraser on February 21, 2014 in Trading Lets take a look at the M30 Litecoin chart below: First thing we’ll notice is the strong intra-day downwards white trendline that’s holding firm so far. It’s been tested five / six times, which, for a space of less than a day, […]
