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Litecoinanalysis

#LTCUSD ANALYSIS.. BROADEN THE PERSPECTIVE.. Big picture in #LTCUSD may be giving us important clues about price movements in the future.. I think it is meaningful to diversify approaches especially in the process we are in.. In the #LTCUSD monthly chart, Tom Demark has closed the red 2 last month, we can clearly see how the TD indicator has produced signals in similar situations from past to present, we can easily say that it is not positive for the medium-term.. Furthermore, Litecoin is below monthly ma20, this is also bearish.. In the chart, I expressed the price movements likely to occur within the descending triangle and falling channel.. My expectation is that the price will drop to $ 13 in the medium term.. We will wait and see.. You can find my thoughts about Btc and Eth in the link below.. Sometimes you need to break your knees a bit more to jump higher.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:LTCUSDShort
by OguzhanSengor
2
Don't miss the great buy opportunity in LTCBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00705). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.00785 TP2= @ 0.00900 TP3= @ 0.01000 SL= Break below S2
Long
by ForecastCity
14
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below! let me know if you guys agree with my analysis or not! Cheers Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content. Peace Out! Not a Financial Advice.
Short
by TheMentalTrader
2
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork. If we don't hold we will probably test for a double bottom around 23 dollar.
COINBASE:LTCUSD
by Fomonacci
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 80.35 TP2= @ 131.60 TP3= @ 143.75 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
6
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 80.35 TP2= @ 131.60 TP3= @ 143.75 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
4
LTCUSD Litecoin SHORT 1 HR Bad Day for CrytosHello to all watching my charts. LTCUSD is in Short mode like ETHUSD also. Here in LTC Litecoin its in addition a broken trendline which has been last from 17.10.2019 till now and Litecoin have been sitting up and jumped up from that line at least minimum 5 times. If such an important Long trendline is broken there is something change big coming in short , thats my oppinnion. If you want to know more about my trading style please send my a mail. Good trades Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
Litecoin - Will make you a lot of cheeseEverything in crypto is cyclical, that means that alt season is coming back again. How do you get ready for the season? What are some of the best alts to buy? The best thing to do is to load up on high performing alts and one of these is Litecoin. Let's look at it from this perspective; Litecoin has hit $400 and on the next move it will hit $400.00 again and then some. This high performer is at 75% off right now and it looks like it can go lower. I started to load up once it hit $57.00 and will buy my final batch at around $22.00. Why $22? I believe a lot of these coins will try to double bottom and $22 is it for Litecoin. I will not buy anymore unless it hits 22.00 or below. I will instead look into other alts if the powers that be don't come through. Let's do the math; If you buy $5,000 LTC at $22 that's 227.27 Litecoins and when we hit all-time high again at $400.00 that's $90,000. Nothing in this scenario is impossible. Now, I 100% recommend only playing with the money you have left, or just use a much smaller amount to test out this scenario. Do not put the money you can't afford to lose into this high-risk asset class until you learn more about Technical Analysis and trading in general. In trading there is a rule big banks and investment firms go by; It's called the 90/90/90 rule. Which means that 90% of investors will lose 90% of their money in just 90 days. Remember that everyone is after your money, the smart thing to do is only put it at play when the bottom is in. If you don't catch this bottom, well that's fine because there will be another bottom in just a few weeks. In the coming weeks, we'll play a little game of "double my money." We'll take a small amount like $500.00 and turn it into $1000.00, that into 2k and so on... All we can lose is $500.00 but the profit we can make is infinite.
Long
by cryptoGats
2
LTCUSD has formed a bullish butterfly | Upto 66% expectedPriceline of Litecoin / US Dollar has formed a bullish butterfly and entered in potential reversal zone to take bullish divergence from here soon insha Allah. MACD is turning bullish. RSI is oversold. Stochastic has given bull cross. Price action is getting bounced after hitting the support of bollinger bands. Volume profile of complete pattern is showing less interest of traders at potential reversal zone. I have defined targets using Fibonacci sequence. (Plz ignore the previous chart where I predicted a shark now the leg is extended and it is behaving as bullish butterfly now you can follow the below revised targets, thanks) Buy between: 67.786 to 57.348 Sell between: 75.882 to 95.728 Regards, Atif Akbar (moon333)
BITFINEX:LTCUSDLong
by moon333
4
Litecoin Price: Daily Timeframe Shows Trouble Ahead.....Conclusion for today’s Litecoin analysis: A close below ~67.62 implies an increase in bearish momentum, and therefore lower prices to be expected. Litecoin price for today’s analysis is presented on a Daily timeframe (log scale) that shows over 5 months of market action. This period includes a bullish move to the price peak of 146.00 on June 22, 2019 followed by the current price swing to the downside. Tools for analysis include the standard Bollinger band which uses a 20 simple moving average (SMA) engulfed by an upper band, 2 standard deviations above the value of the SMA and a lower band that is 2 standard deviations less than the value of the 20 SMA. Also plotted on the chart is the 200 Day moving average and 50 Day moving average (MA) of Litecoin. As a guideline, periods of expansion of the volatility band are usually followed by contraction. An example of such scenario is marked by the blue box which currently shows a narrowing of the band after a previous expansion period downwards. Narrowing of the band should therefore be followed by expansion or an increase in volatility upwards or downwards. Litecoin price testing the upper boundary of the Bollinger band on September 18 and 19, 2019 at ~77.31 without breaking out suggests weakness to the upside. Reversion back to the middle of the band therefore would be the minimum expectation to the downside with further downside expected if price does close below the 20 SMA and ~67.62. Also supporting the current bearish scenario for today’s Litecoin analysis is the downward slope of the 50 moving average that coincides with the upper band of the band suggesting that more downside is to be expected. Moreover, August 31, 2019 also saw the 50 moving average successfully cross below the 200 day moving average which also argues for a bearish sentiment in Litecoin. On the other hand, a close above the 50 day moving average and 200, with the former moving above the latter would argue against further downside and therefore increase in bullish momentum in Litecoin.
BITSTAMP:LTCUSD
by Coin_Analyst
Litecoin analysis: Intraday Timeframe bearish Chart Pattern.Conclusion for today’s Litecoin price analysis: Litecoin price should continue to sell off until the 200 moving average gives way to more bullish momentum. Litecoin price chart presented in today’s analysis is an intraday (6 hour) timeframe using a log scale. Price action from December 14, 2018 to current date shows a dominant uptrend in Litecoin price that reached a peak of 142.14 June 22, 2019. A selloff following the June 22, 2019 peak constitutes the rest of the analysis and future development of price action. Price action from May 15, 2019 to current date saw Litecoin form a complex, head and shoulders top pattern that did confirm on August 9, 2019. The neckline for the pattern as drawn on the chart (dotted lines) is part of the long term bullish trendline in Litecoin established since December 2018. Price breaking and closing below the trendline is bearish and implies further move to the downside in Litecoin. The width of the Head and shoulders top pattern can be used to estimate the minimum target for the current selloff. Use of the width of the pattern however does require using an arithmetic scale for any price projection. This involves measuring the vertical distance and projecting it downwards from the neckline. Also plotted on the chart is the 50 moving average and 200 moving average. Both moving averages having a negative slope also adds to the current bearish bias in Litecoin price. Any bullish attempt or retracement is therefore expected to test price level at the 200 moving average. A successful test of the average could provide grounds for another round of sell off, while price closing above the average does suggest renewed bullish momentum in Litecoin that could see price return back above its June 22 peak.
COINBASE:LTCUSD
by Coin_Analyst