LTC currently ranks 15th in the TOP-20 CMC Index, keeping it within my area of interest.
On the annual chart, after reaching an ATH in May 2021 (413.94) and declining sharply, the price has repeatedly tried to recover, but it has failed to break above the 2022 opening level (146.19).
The monthly chart shows a developing expanding triangle structure with a test of the midpoint of the 2020–2021 accumulation/order-block zone.
The second wave within this structure has a lower high and lower low, suggesting potential pattern repetition. This implies the next upward impulse may create a higher high, entering the gap zone between 181.91 and 153.79, aligning with the 62% Fibonacci retracement of 23.68–413.94.
At this stage, a test of the 2023–2024 opening levels and the upper boundary of the accumulation zone (~68.08) would provide an opportunity to consider low-risk long setups. #LTC #altcoins #LTCPricePrediction
While passions around #bitcoin have flared up—where will it go? Up or down?—I'm just watching.
A downtrend was already predicted at the beginning of this year.
At the same time, the majors haven't made an organized breakout from their range, making the crypto market picture even gloomier.
Despite this, $TRX has moved higher with a strong increase in open interest, suggesting that short positions have been opened.
The risk of an uptrend is slightly above 0.37 for stop-loss hunting.
Taking this into account, a new short position has been opened. The target zone is marked on the chart at 0.1889. #TronNetwork #CryptoMarketCapNears2.6T
Are there any doubts left about where we're going?
It's worth keeping in mind that you can never be 100% sure, however...
Student formations no longer work ;)
Price action only. . .
4413 - 38% Fibonacci corresponds to the order block zone - here, it's worth paying attention to how the price behaves,. . #PostonTradFi #SpaceXS1FilingRevealsBTC
$XAG #Silver should ideally wait for a push into the marked zone for the next leg up.
The price has hit the 23% upper tail of the 3-month candlestick and the previous mid-high.
The weekly range has already been reached, so there's a high probability we'll break this level tomorrow and wait for next week with a small pullback. #MarketSentimentToday