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Chikun

LTC consolidating - noobs don't panicMy 2 cents: I noticed this pattern on the hourly. Lowest point bounced right off the .382 fib line I drew yesterday, so could be a good buy since it looks like it's in an hourly falling wedge. I would say no need to panic at this point. We're consolidating after a big move here. Watch out for the 4h MACD as it might cross bearish. Daily MACD/RSI look great on the other hand, although daily RSI might reach overbought soon. (I have come to realize that "overbought" and "oversold" in crypto lies more at 80 and 20 on the RSI, rather than 70 and 30-just food for thought). Levels to watch out for are: 237 resistance from recent high 250 resistance from fib level, and based on my long upward trending parallel channel. A break out of that should be a nice buy. 275 resistance from fib level-psychological resistance. 321 -long. If you sold the recent top I congratulate you. Hopefully you bought BTC or something else that is doing well today with profits, but be careful, LTC aint done yet ;) I am a noob at this still, so don't take what I say as trading advice. This is mostly for fun/personal trade analysis/learning/collaboration with you guys. Give me your opinions on my analyses and I'll give you mine.
COINBASE:LTCUSD
by jbutler7
What I'm looking at for LTC right nowSomeone else on here pointed out a double bottom formation on the 4h chart (blue aarows) and that this wont be a dictionary double bottom unless we break 175 first, which is the high after the first bottom. That puts 2 significant resistance levels where my two red aarows are at 160 and 175. The 160 resistance comes from the resistance channel, where one of the last candles bounced down from at its high. I always like to check the order books and depth charts on GDAX to help me see how big or small the resistance at those points will be, to help me stay alert if selling is advisable or hodling, or some of both. If we break 175 again that will give us a 4h higher high and a good enough sign for me that a trend reversal has occurred. This is looking more and more likely to come to fruition because of the rising bull volume. That is the biggest key indicator as myself and many others have pointed out in order for any of this to happen, otherwise we will continue bearish for a while longer. But, the 20 period vol. MA is steadily rising, so I'm optimistic that this will be sooner that later. No matter what, 100$ is strong support for LTC, and if worse comes to worse, we form a triple bottom :D I have a theory about why there is only volume dumping in now rather than before, and that is that many newcomers (people who buy at tops or when there's too much sign of bull movement just to be sure) who speculated since perhaps Christmas or thanksgiving were waiting to buy in, and began doubting until now. Now that they have earned 1 or 2 paychecks in January, they're waiting for moments like now to start buying in when the coast is clear. Also, whales are probably waiting to buy in etc. Since LTC is "cheaper" than bitcoin, that might be enticing for those kinds of newcomers as well. Long term perspective, we are still in the green up-trending channel, which will be hard to break below even in the worst case scenario of the next few days/weeks being very bearish. Please comment with thoughts and constructive criticisms of my analysis, I appreciate any and all input. Peace out.
COINBASE:LTCUSD
by jbutler7
1
Still SuperBowlish on LTC :DBased on this, nothing really new except a few points I have noticed. In the downward channel I see that if I divide it in half, the more recent price action is sticking to the upper portion of the bearish channel, getting closer to the resistance line and ready to break out. This will be possible if volume continues to climax like it did yesterday. I am sure that that is a possibility now since it happened already yesterday, even if there is no spectacular news. Volume has been super low all month so a spike like yesterday is sure to bring more like it. A MACd cross looks to be underway on te daily chart as well, and with volume that will be a great combo to launch chikun back into space. If we can get a strong break out of this channel it may be the end of it finally. May take a day or two, but I'm patient. Last time I was patient with LTC it ended up blowing everyone's shorts off out of the blue.
COINBASE:LTCUSD
by jbutler7
LTC - +$500 and above.Hopping on the LTC train here! Here's my outlook of it: Price seems to be consolidating and creating a bullflag. As you can see from the previous pump, price retraced to the 0.382 level, created a nice bowl and bounced back up in about 2 day period. I'm expecting a same trend to fold here. BTC dump few hours ago allowed LTC to test the support at the 0.382 level (which is actually around 297). The momentum right now is way too bullish for the market to not go higher. Ride the wave crypto surfers
COINBASE:LTCUSD
by moth_honda
Time to Long the Chikun Again -- Litecoin Long IdeaA lot of people have been asking me about litecoin, and I was not posting even tho a lot of other analysts did. The reason was simple. Litecoin moves in a very nice sine wave like motion and we hadn't seen the retrace for me to go bull again. However as you can see from this chart, the wave action is good and we are about to hit a TL. Everything in the blue below is accumulation / supply zone. Buy Buy Buy here. I have also pointed out two good places to put in your bids. Remember your lower bid should be higher to cover up for the upper bid. Also remember litecoin now moves with bitcoin, so if BTC is going up, LTC will follow to some extent. Best of luck.
Long
by electo
1
SHS + High Volume + BTC FUD = New LTC ATHsShort term short opportunity has presented itself in the form of a SHS pattern, which formed as a result of the recent upswing in price and volatility. Neckline to peak measurement suggests we could retest $42.29 (.236 fib level). However, I believe that support at the $44 level will hold, and serve as a base to continue the climb upward. Based on LTC's past trading patterns, we could see a new trading channel forming between $45 and $55. My overall sentiment for this market is bullish, and I suspect a retest of the ATH by week's end. Disclaimer: Do not base your investments off of my TA alone, do your due diligence and make your own decision. LTC tip jar: LWVxqWdJsKPSriBjqTjWieKH3fZPd12oiC BTC tip jar: 16QTC3Z6R8BsRqSL5GKEeiXNjjgn1yYQjJ ETH tip jar: 0xf6EDd54095c656d38Ae1cF7D579926845B6307ed
COINBASE:LTCUSD
by tl93
2