• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Buy LTC
Nexo Logo

BUY LTC AND TRADE THE BREAK OUT

Dalmas Ngetich by Dalmas Ngetich
4 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement

It’s time to buy LTC and trade that bull break. Buy pressure is strong enough and now prices are trending above $275.

In the mean time, the same bull pressure is visible with NEM reversing from the middle BB with a strong bull candlestick reversing from the middle BB. I also expect DASH, Monero and IOTA to follow suit in the coming session.

Let’s have a look at other charts

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

$1.35 IS IDEAL NEM BUYING ZONE

NEM reverse from middle BB
XEMUSD 4HR Chart for January 6, 2018

Two bear candlesticks in the daily chart closing above the upper BB summed up NEM events over the last two days.

We cannot expect much but with that bullish candlestick bouncing off the middle BB, bulls may as well push higher and close above $1.76, the second Fibonacci extension anchoring on last week’s high low.

In light of our previous forecast, it is ideal if prices dip below the middle BB and even reverse from around $1.35 if we want perfect buying opportunities.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

3-BAR REVERSAL FROM MINOR SUPPORT AS DASH PUSH TOWARDS $1300

DASH resistance at $1300
DASHUSD 4HR Chart for January 6, 2018

After failing to pump up and close above $1300 on December 5, DASH is now reversing from the minor support trend line connecting December 30 and January 4 lows.

Of course this isn’t rocket science but with the obvious consolidation and ceiling at $1300, this week’s wasn’t profitable safe consolidation traders whipping both sides.

Then again, the current 3-bar reversal pattern from support is important and for bull confirmation, DASH buyers should aim to clear $1300.

IOTA BUYERS BACK TO $4.2…WILL THEY CLOSE ABOVE IT?

IOTA springs back from $3.76
IOTUSD 4HR Chart for January 6, 2018

The long upper wick in what appeared to be a bullish break out neutralized buy pressure as IOTA temporarily retraced.

Like DASH, IOTA is finding support at around $3.7 and as prices continues to stall $4.2 remains our resistance in this short term correction.

MONERO MAIN RESISTANCE AT $400

Monero aim at $400
XMRUSD 4HR Chart for January 6, 2018

As visible from the chart, Monero prices are moving within a tight $50 range.

Even though we expected so sort of higher highs after that spring from the middle BB, prices look to be correcting. At the moment, we are seeing a couple of pin bars moving printing horizontally along the lower BB.

Momentum wise, bears are in the driving seat. But as long as we have these higher highs, taking shorts should be done with caution.

TIME TO BUY LTC

Buy LTC
LTCUSD 4HR Chart for January 6, 2018

LTC buyers are awake from their slumber.

Following that strong bullish candlestick breaking above two levels of resistance, it’s time to buy!

Because of this, immediate target is at December 19 highs of $375 with ideal bull target at $400.

All charts courtesy of Trading View

Tags: alt coin dashalt coin iotaalt coin ltcalt coin moneroalt coin nemalt coins recoverbuy ltcdash resistance at $1300iota resistance at $4.2ltc breaks $255ltc bullsltc buysltc targets $400monero aim $400monero buysnem back to $1.76nem bounce from middle bb
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Ethereum

TA: Ethereum Dips But Here’s Why ETH Could Start Fresh Increase

4 hours ago
Bitcoin

TA: Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

6 hours ago
bitcoin

Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery?

11 hours ago
Ripple

Ripple (XRP) Plunges To $0.43 With Bears In Full Swing

20 hours ago
Bitcoin

Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In

1 day ago
Bitcoin

TA: Why Bitcoin Price Could Explode Above $30.6K In Near-term

1 day ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Global Fit Club: The World’s 1st gym that pays it’s members set to launch

May 24, 2022

The Last Palmswap Trading Competition Before Mainnet Launch. Up to 500K PALM in Prizes – for free!

May 24, 2022

Cardano NFT Disruptor – EGO.COM Enters the Game

May 24, 2022

LBank Weekly Listing Report, 23th May 2022

May 24, 2022

Muu Inu (MINU) Is Now Available for Trading on LBank Exchange

May 24, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.