LTC/BTC Breaking Major Long Term Support SHORTLitecoin is breaking major multi year support at .007. Short, but beware the bounce. Might be best to wait until Lite Coin goes below .006 to make sure support is broken.
LITE
Litecoin have next target is $144.00 (Bull run Alt coins)Litecoin have next target is $144.00 (Bull run Alt coins)
Weekly chart
Stuck above 60 - MA.
It looks like rapid growth is still ahead
Litecoin owned by bulls if...Price need to break 95$ to make good move in order to reach 150$+
In 2017 it did it in just few days, will it make in now same?!
BTC 1million around 2020 on DogeBoi there is such satbois, dogebois and litbois already where I'm coming from.
And yes Dogecoin took over Litecoin (in market cap lol)
#doggonacci
Short-term short, Medium-term longI'll be honest. The only reason I am writing about Litecoin is because I find it to be the least unattractive crypto on the market. First the view from 30,000 feet up and then lets get grounded in technical jargon.
Equity markets are dying for some incentivization for uptrend and if main US indices go under cryptos will probably not be a nice place to be for several reasons. First, its one of the most speculative asset classes out there beyond junk bonds. 10,000 feet down, price action is extremely volatile making by definition the risk of these assets to be extremely high. The beta is not your friend on this one. And if we want to look at the technicals, oscillators at the daily level are telling us it may be a time to sell.That's not to say that we will see a huge correction down to previous lows, but oftentimes pullbacks are healthy components of normally functioning price action and assets. I must say though that this particular chart reveals some scary looking candlesticks, in particular the huge long-tailed Doji that came up a few days ago if you look at the hourly or four hour chart (I forgot which to be honest, but its there so take a look). This signals massive indecision in price action. In sum, and I've said this before, I like Litecoin compared to other cryptos as it has been recently the best performer of all the majors. But again, I am not going to open a margin account and pour everything into here. That would be, well, a truly confident move in a market which saw a massive price movement to the downside to put it nicely. At any rate, good luck trading this as the shorter-term direction moves could be more lucrative for you.
If you like my analysis here, please feel free to take a look at other assets such as currencies and equity markets here www.anthonylaurence.wordpress.com
Litecoin wide range trading might result in more gainsKey support
Litecoin has formed a massive support near $50, a key physiological level. It has been rejected three consecutive times, with the most recent bounce occurred on the 31st of October. Then price has jumped up by nearly 20%, reaching the $57.3 high, where it rejected the 200 Moving Average.
Correction
Currently LTC/USD corrected down, to the recently established low on the $53.15. There LTC rejected the 161.8% Fibonacci retracement level applied to the corrective wave down after the breakout of the downtrend trendline. The $53.1 Fib support level is being rejected, which shows the dominance of the uptrend.
Potential
As the support holds, price will either consolidate or move to the new higher high. While there are several minor resistance levels, we’ll concentrate on the stronger levels. The key resistance is confirmed by the 61.8% Fibonacci retracement at $60 physiological level. This price can be very attractive for both, buyers and sellers. Because those who had bough LTC earlier might consider fixing profit, and those who plan to sell LTC could be waiting for that price with limit orders. The next resistance is at $65, that is 88.6% Fibs, while the final and key resistance is at the previous high - $67.
Consolidation
Since 14th of august, Lite coin has been consolidating between $50 support and $65 resistance levels. This is a very wide range which can be extended further. If this scenario will be true, the $65 level is yet to be reached. But at the same time, if LTC breaks below the $53.1 level, price can drop back down to the $50 area. Such drop will not confirm the downtrend, but will show a more bearish consolidation scenario.
Summary
Price is producing higher highs and higher lows, which is a sign of an uptrend. But the Moving Average was rejected which is a bearish sign. It seems that consolidation in ongoing on both, short and long term. Unless $53.1 support will be broken, buyers are likely to dominate in coming days. Considering our previous idea on LTC/BTC, it shows that level of resistance became the support, where all attention might be concentrated.
LTCUSD ONLY INTRADAY BULLISH ABOVE $85Litecoin is starting to consolidate around the $83.50 level in early Thursday trading, after multiple technical rejections from the key $85 resistance area.
The intraday sentiment towards the LTCUSD pair is starting to turn bearish, after price created a bearish double-top pattern.
Sellers will now try to break the $81 support level, while buyers will look to move price above the $85 resistance level once again.
The LTCUSD pair is only intraday bullish while trading above the $85 level, further upside towards the $87 and $88 levels remains possible.
If the LTCUSD pair moves below the $81 level, price may start to move back towards the $79.70 and $77 support levels.
[meOw] LTC - USD - Daily ChartFibo - Searching for possible Entry which is "C1"
Daily Candle appear below ma20 which is unhealthy. As you can see in the chart, the ma20 just cross ma50 and rushing going down.
ma50 and ma100 is preparing for crossing, this is a good sign because ma100 will fall down and ma50 going up, anytime ma20 can follow to uptrend just waiting for a good signal for bounce.
You may Check as well on the Weekly time frame, ma50 can be respected - candle and ma50 can possibly meet on 110-117.
Green shaded with Cyan border - if you do zoom in, you can see a confirmation of breakdown.
"Personal Interpretation"
"Parental Guidance is advise"
"Trade on your OWN Risk"
I'm open on your own perspective, you may comment below.
Enjoy =)
LTCBTCLook at cicle. Now we in recession zone. If we break out support line we will go to the 50%-61.8%-78.6% level fibonacci.
Fundamental
About LitePay
After the AMA with LitePay CEO Kenneth Asareall very crucial and fair questions about LitePay, remained unanswered. This can be a trigger for further lowering the price of Litecoin.
LTCBTC - parabolic mini curvesLTCBTC has been very smooth in its accents and decents. So I've come up with a curve pattern that may show us the max bend a line can handle before it bends over on itself. Too late to explain details. This chart is mainly just cool looking
LTC: Gann Time Cycles & Fib Speed Resistance Looks like LTCis nearing a key time zone. Look for a pivot or reversal
LTC A closer InspectionWe can see on the hourlies that the descending triangle is nearing completion if we dont fall out of the trend line, If you look closer in between the waves it has finally completed a full thirteen buy count from its last 9 candle signaling we are nearing the end of the bear and hopefully step into the bullring, HODL just a little longer we are almost through, Note the arrow is a trend suggestion not a goal
PPT/BTC READY TO GO AGAINKeeping it simple here as always! The BTC, ETH, and LITE of the worlds might be down right now. But PPT/BTC is ready to rock again after some consolidation. Volume picking up and the price is looking like it is ready to clear the base it has been forming under consolidation. We are looking at 1 hour and 4 hour charts to continue to swing trade this momentum higher while watching the volume numbers!
Even though the BTC/USD, ETH/USD, LITE/USD, and other big name cryptocurrencies of the world are not looking to hot at the moment, you can still find opportunities to trade some of the lesser known cryptos for profits!
Best of luck to all!
**These posts are for educational purposes only and is not in any way investment advice. Please make your own investment decisions and identify the risks that come along with those decisions.
Litecoin - Setting up or breaking down?LTC has been correcting for some time, it seems to be almost in sync with Bitcoin in its correction. The symmetrical pattern that it has been putting in could go either way. The chart shows that, while litecoin is in a symmetrical pattern, it could be setting up a bear flag. I would not be taking a long position at this point, rather playing the trades between the obvious support and resistance levels. I have confidence that LTC will eventually continue on its upward trajectory and will continue to monitor it throughout the coming weeks. A break to the downside could offer some lucrative buying opportunities.
Litecoin : Correctional Wave 4 nearly complete, Target $450+Litecoin has been in a drawn out wave 4 correction, we could be seeing nice price targets within the next impulse wave 5.
$BTC / $USD With bullish sentiment on $btc a close above the upper trend line would be a buy for me.
$ETH / $USD THE POWER OF MULTIPLE TF B/OsWe broke out of the 17 day consolidation flag and gave a flat top breakout.
15 Minute chart shows a intraday flat top b/o offering you a easy low risk trade.
LTC/USD - rocket!First of all LTC need to close daily candle
above resistances(now it is above).
Situation for now:
price brokeout resistances R,R1,f(fractal resistance)!
To the moon!
Use supply zones as targets.
