Conclusion for today’s Litecoin analysis: Continue reading Litecoin Analysis: Intraday Timeframe Chart Patterns
The 4 hour time frame of Litecoin (LTCUSD) is captured in this analysis from July 24, 2018 to current date.
In particular, August 14, 2018 to current date appears to be shaping up as an inverted head and shoulders pattern (or head and shoulders bottom).
The left shoulder (LS), right shoulder (RS) and possible Head (H) of the pattern are marked on the chart. A close above the downward sloping line at ~$62.14, taken as the neckline would confirm the pattern, whose implication is ideally bullish.
Price closing below ~$47.10 (point of invalidation = POI) before closing above $62.14 would invalidate the formation of the bullish pattern in Litecoin.
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The Litecoin chart displayed in this analysis is a 1 hour timeframe candlestick chart from August 16, 2018 to present date. Continue reading Litecoin analysis live update
The Litecoin chart (LTCUSD) used in this analysis is a candlestick chart with a logarithmic scale. Continue reading Litecoin chart analysis: 6 hour timeframe
USD JPY analysis from September 10, 2017 to current date is carried out on a 4 hour time frame. Analysis and commentary is provided below based on the numbers indicated on the chart. Continue reading USD JPY analysis: 3 crucial info. to keep in mind.