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Chikun

Favorable risk:reward here on LTC-USDChart looks good for a 20%ish swing trade (long) on Litecoin against USD. LTC-BTC is basically at all time low, and this goes in favor of this trade as even a minor bounce on ltc-btc could yield a decent pump on ltc-usd. Especially if Bitcoin stays bullish against USD. Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep correction. The moment Bitcoin starts sinking against USD get out of this trade as well.
COINBASE:LTCUSDLong
by Owcheew8
Litecoin: big overhead resistancesIllustrated as thick maroon lines. First would be at 180, from previous levels where we would drop to. It would match the pre-halving pump we got in 2015 that shot up from lows to over 800%. 800% up from 22.50 puts us right in the 180 sweet spot. We have already come so far, we may see a final push to go up to 180. If we break past that, next would be about 200. IF. I expect we drop significantly after that, but I'm not sure for how long. We could be stuck in a small range trading for a while, we could make new ATHs this year, but whatever happens I'll be holding or accumulating, depending on conditions. I'm not saying we will necessarily hit those levels above 180, but I could be blown away. I hear there is some big news coming out for Litecoin in terms of marketing which could send it *really* parabolic. I know this as I am somewhat in an inside loop, but I'm also not going to get my hopes up or share much more info than that. Each day that goes by, Litecoin is securing its future in the top 5 cryptos. Referring to the short term drop today, we are still printing weekly green candles so I'm not too worried. A few red daily candles wouldn't even put me off too much. To put it shortly, "Litecoin dropping to prices not seen since yesterday." It needs to cool off, calm down. It's still looking strong in the low 30s as I watch movements on lower time frame charts. I'm here for the long game.
BITFINEX:LTCUSDLong
by jbutler7
LTC and the 200d EMAA quick analysis on the history of the 200d EMA. I'll have to zoom out to show what I mean entirely so get your reading glasses on. Basically, I see that last time we had a significant bear market it ended with LTC rushing up and smashing through the 200d EMA, then settling in a pretty boring range for quite some time. Even Charlie Lee said he could foresee a multi-year bear market, we're only 1 year in this one. Anywas... back then, it broke the 200d EMA at roughly 2.50, and shot up above 9 bucks. In what looks to be a very similar market bottom, we are now at the point where we have tested the 200d EMA for the third time in the last few daily candles. I wholeheartedly expect to see 100$ soon, but then a sharp drop back down into the 50s-80s for a looooong time before seeing any ATHs again. (That prediction is solely my own speculation based on this chart that I made recently and is looking like it will hold up: ) We have broken out from the long bearish downtrend channel thingy. Now we are bullishly pushing through the EMA on strong volume. The fact that LTC has tried it a third time says it wants more for now. The volume says it will get what it wants. In June 2015 however, we did not test it as many times as we have now, there is more turbulence this time around. But back then the market conditions were widely different. Fewer people traded LTC for example. With all this said, past results do not indicate the future performance of any market. So as always friends, exercise caution. I am in it for the long game, but I may consider taking profits if my target is reached in the way I project here for obvious reasons.
BITFINEX:LTCUSD
by jbutler7
CAN YOU SPOT THE INV H&S?Sorry not sorry for the Dora the Explorer clickbait. If what I see here is a true INV H&S, we just broke the neckline not too long ago (relatively speaking). I don't know how far out a H&S pattern can extend before just being a coincidence, so I'd love your feedback. I mean, what if this gets us to that 4:1 LTCBTC everyone used to talk about. People are already talking about LTC flapping XRP back underneath its wings. IDK. Bye. Oh and yeah, this would be incredibly bullish...
by jbutler7
1
A time analysis of LTCWow. I don't even know how to use fib time tools. But look at how perfectly LTC is going up after my vertical blue line. It has me bullish. I feel like I said somewhere a long time ago with my time tool that crypto would be bullish mid september. And here we are. Also note my double bottom (underlined bright green), my near term support and resistance levels. These don't matter as much as breaking above MAs. Right now we're testing the daily 50 MA, penetrated. A close above would be very bullish for me, which means a close above the 62 region. I think LTC can do it. These few signals I've illustrated here have given me quite a bullish hope. Not to mention a LARGE MATHAF&*KIN bullish divergence on MACD on daily and weekly TFs. Daily cross on MACD, the works. Summary: I'm learning slowly and experimenting with this fib time tool, and it seems to react at the '5' mark nicely, but take it in combination with other indications of a full reversal.
COINBASE:LTCUSDLong
by jbutler7
Look at that macdI drew lines on the MACD a loooong time ago. Not tooting my horn or anything, just exciting to see. This, combined with the nearly oversold RSI on the WEEKLY timeframe has me feelin good for the last part of 2018. 9 months since we have had a bullish MACD cross on the weekly, and we're just about there. Everything is turning up, just look at doge as your bullish indicator. If that is pumping hard, everything else is destined to pamp as well. I've noticed this about the RSI, it likes to go from oversold to overbought quickly, so be ready to sell and don't hold on to hopium too much in those conditions, because it goes from overbought to oversold again over a dreadfully long amount of time because of rekt bagholders.
COINBASE:LTCUSDLong
by jbutler7
2
Look familiar?! I was looking this morning at this chart at the nice 4 green weekly candles in a row. Then just now I looked back at the last time that happened. The last time it wasn't near the end of a big bear market (my opinion personally), mostly just a sideways market. Given the position of the current setup (which is at the breaking point of leaving a long down trend line) the next 2-4 weeks could be quite bullish. Don't use this as trading advice, just add it to your speculation of the price movement. There is lots of info out there. Use it all to your advantage and trade wisely.
COINBASE:LTCUSD
by jbutler7
LTC needs to make a Higher High138 Is going to be resistive in this bull move. I circled in pink what I see as a double bottom, and will complete if LTC can break through above 138. This will make a higher high confirming the start of an up trend, and also confirm a breakout above the double bottom level I drew. Still a noob with the charts here, so compare my TA with others, look both ways when crossing the crypto-street, and DYOR. Comment with your thoughts and constructive criticisms.
BITFINEX:LTCUSD
by jbutler7