Litecoin Gann And Ichimoku Analysis

– Critical levels for Litecoin (LTC) using Gann and the Ichimoku Kino Hyo system.

Litecoin has one hell of a bearish looking daily chart. Litecoin first dropped below the Kumo on July 10th, 2019, with an ideal short signal generated when both price and the Chikou Span were below the Kumo on July 16th, 2019. Ever since that significant short signal developed, Litecoin has followed the rest of the crypto market by dropping lower – Litecoin has lost over -65% of its value from the June 2019 high. There has only been one incident of price testing the bottom of the Kumo, and that was back on September 18th, 2019. The last significant sell-off occurred between September 23rd and September 24th. The current Tenken-Sen and Kijun-Sen are nearly equal with Litecoin’s price indicating a near term area of equilibrium and consolidation – this consolidation is confirmed with the Chikou Span…