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Litecoin / Euro

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Litecoin going down to approx. 125 Euros or up to 250 EurosPlease ignore previous analysis. Updated my analysis taking in consideration the LitePay event to be announced on February 26th. We might see LTC reaching 250 Euros (Green arrow) if we break trough the resistance. Another possibility is that LTC goes down to 125 Euros if it breaks the dashed line (Red arrow). Either way at this moment the MACD seems to be bearish as shown on the chart, so be careful making your decision. Also when setting your stop loss keep it a bit under the blue line if you don't want it to be accidentally triggerred when it falls to support there.
by stickfigure
All roads lead to $300 for LTC4HR CHART Option 1 = Bullish Pennant - UP UP AND AWAY Option 2 = Bearish Pennant (retraces to 0.618 line of support from recent bull run which started at a low of €83 - from there a new uptrend with litepay release as a catalyst) Option 3 = little to no movement in price over the next week until closer to the Litepay launch TA on the 1D chart -RSI 60% - still room for growth -MACD - bearish - 12-day EMA looks to be diverging below the 26-day EMA (NOT YET CONFIRMED). (NOT SHOWN ON THE CHART) THOUGHT = Do you think there is a possibility people will sell their coins to ride a BTC bull run - which may support option 2 and a sell off/correction of LTC ? Taking profits 1) €240 2) €282 3) €340 4) €525 as recommended from alanmmasters
Long
by ocon442