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Litecoinanalysis

An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend) The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5 Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way. Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
COINBASE:LTCUSD
by xosignals
1
Litecoin Analysis: Intraday Timeframe Chart Patterns Conclusion for today’s Litecoin analysis:Price close above ~84.28 implies further upside or bullish momentum in Litecoin. Litecoin analysis for today uses a 1 hour timeframe to explore opportunities, long or short. Chart inspection is from the most recent price peak of 99.43 on April 03, 2019 to current date. Market action that ensued after the April 03, 2019 peak is captured using a bearish price channel with a price high of ~86.51 being the most recent price peak used to connect the upper boundary of the channel. The same price pivot (i.e. 86.51) serves as the origin of an inner channel that exists inside of the bearish price channel. The inner channel is also bearish and is acceptable for use in projections and other implications as it is acceptable and quite a common occurrence for chart patterns to nest inside one another. 82.64 and 80.52 serve as immediate resistance that will be broken to the upside as part of resumption of bullish momentum in Litecoin. Therefore buying a breakout above 82.637 (upper boundary of channel) is considered conservative as this would have seen price break the inner bearish price channel to the upside. An even more conservative long (buy) strategy involves waiting until a breakout above the upper boundary of the bearish channel (in blue) at ~ 84.28 before entry of bullish (long) positions. Conversely, a break below the lower boundary of the inner channel and a break below the lower boundary of the bearish channel (in blue) implies an increase in selling power.
BITFINEX:LTCUSD
by Coin_Analyst
LTC/BTC (Litecoin) Hodl Till Halving..!!LTC/BTC (Litecoin) (Weekly) Technicals..!! Holding Weekly Support Above Weekly 20EMA RVI-RSI Both Bullish It'll Boom Soon Due To Halving In August. It's Also Following BTCUSD Both Resistances Mentioned In Chart Strong Resistance Is Our Final Target Until Mid July 46% Profit Expectations So Buy & Hold Some Inrtroduction ...!! Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions. Hit Like For Our Motivation.. Thanks
Long
by Faibik
3
Litecoin Analysis: Bears Are Active Increase in bearish strength and failure of consolidation around 54 implies more selling. Target in this case would be 42 or lower. Litecoin analysis for today is carried out on the 6 hour timeframe . Previous analysis highlighted the tentative channel to provide context for bullish price action since the 22.844 price low achieved on December 14, 2018. April 23, 2019 price close outside of the channel is bearish for Litecoin, with price level between ~63.70 and 54.23 anticipated as support. The lower boundary of previous bullish channel (in color red) also coincides with the lower region of horizontal support i.e. 54.23. This increases the chances of Litecoin consolidating around 54 prior to the resumption of bullish momentum. Lack of support at 54 and a break below implies increase in bearish strength and target in this case would be 42 or lower.
BITFINEX:LTCUSDShort
by Coin_Analyst
Litecoin Analysis: Intraday Bearish Chart Pattern Conclusion for today’s Litecoin Price Analysis: Litecoin price analysis for today is presented on an intraday timeframe (1 hour) with the main purpose of exploring the current chart pattern(s) under formation. Coverage of price action is from April 02, 2019 to current date. Breakout from a region of consolidation saw the price of Litecoin make a move from ~60.18 on April 02, 2019 to a peak in price of ~99.89 a day after. This peak in price has been followed by an overall sideways price movement to downward at best. A descending triangle (ideally bearish) is one of the chart patterns identified in this analysis. The second pattern that attention is drawn to is the ranging, sideways movement of price action between 83.78 and 75.33 (also lower boundary of descending triangle). The use of horizontal lines that are parallel to each other provides the flag for a flag pole formation. The Pole in this case is taken to be the price swing from 96.17 (price open on April 06, 2019) to 75.33. The flag formation is an intraday pattern that is ideally in a continuation position i.e. the chart pattern implies continuation of the trend prior to its formation. Subtracting 75.33 from 90.53 provides the necessary distance to anticipate Litecoin to sell off upon a breakout below 75.33. Alternatively, the descending triangle can be used for projection downwards if price closes below 75.33. Measurement in this case of the width of the triangle is from the price peak in April 03, 2019 (99.89) to 75.33.
COINBASE:LTCUSD
by Coin_Analyst
Litecoin News For Intraday Traders: Bullish Chart Pattern Conclusion for today’s Litecoin Price Analysis: Price closing below 54.23 presents trouble for Litecoin. A logarithmic scale is used in today’s Litecoin analysis on a Japanese candlestick 6 hour timeframe chart. Litecoin successfully breaking out of its previous bullish channel on April 02, 2019 and its implication is attached below the current post. The current price swing from December 14 2018 appears to have terminated at a peak of ~99.43 which is used to connect the top boundary of a new bullish price channel. A parallel line to the top boundary that represents the bottom of the new bullish channel (in blue, dotted lines) is drawn across price lows of ~30.53 (January 29, 2019), 32.66 (February 06, 2019) and 60.91 (April 02, 2019) respectively. It is important to note that the new price channel as drawn helps to provide context for price action, albeit tentative. Litecoin at the time of this post is trading close to the top of the previous channel (in red) at ~76.35, where it can be anticipated to find support. A lower level of support on a break below the new channel (dotted lines) for price lies between 63.70 and 54.23. Any Litecoin trade for bullish (long) orders will require waiting for price consolidation at support with momentum providing further guidance/confirmation. A break below the lower level of support at 54.23 does not bode well for the price of Litecoin.
BITFINEX:LTCUSD
by Coin_Analyst
Target reached, LTC should retraceA few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in the long term and when and where I´m expecting this to end, but for now it not finished. We could see another small pump today? Yes, so if you like this idea and want to trade it but you are not sure yet, then wait until tomorrow´s new daily to see where it have stopped and then take your trade. Once again thanks for watching and hope to see you in my Telegram group soon. Previous analysis
BITFINEX:LTCUSD
by Coinamic
Litecoin Analysis: Chart Pattern BreakoutConclusion for today’s Litecoin price analysis: Current bullish trend in Litecoin should continue with the width of its bullish channel providing a minimum expectation for the price of Litecoin. Intraday Litecoin analysis for today is carried out on a 6 hour timeframe using a log scale. Previous post about the bullish move in Litecoin can be found here. Current chart examination is based on market action from a price low of ~23.05 on December 4, 2018 onwards. A bullish channel is used to capture price action for most of the period mentioned above with eventual breakout occurring to the upside of the channel on April 02, 2019. An invaluable guide for the minimum projection or expectation for the price of Litecoin following breakout is the width of the channel. Possible retracement of price is also to be expected due to overhead resistance present between ~109.64 and 89.45.
BITFINEX:LTCUSDLong
by Coin_Analyst
Crazy April for Litecoin?A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could be mad, a mini bull rally like the ones of those days back in 2017. The thing is that it wont last much and if finally it happens will be a huge bull trap for many. The upward channel is intact, the sentiment on LTC is quite strong at the moment, in my EW count, there is one more wave 5 left and I think that Bitcoin will sideways for a while now, the perfect ingredients for a super pump but let´s see, unless someone lend me a crystal ball I´ll have to keep monitoring the markets, and so far this scenario needs to be probed first with a good support around $52-$55. As always I´ll keep updating you, thanks for watching.
BITFINEX:LTCUSD
by Coinamic
2
Litecoin Price Analysis for Swing Traders: 6 Hour TimeframeConclusion for today’s Litecoin analysis: Higher price is expected with support anticipated between ~$45 and $42. Litecoin price analysis for today is examined on a logarithmic scale using the 6 hour timeframe. Primary focus is on price action starting from the December 14, 2019 low of ~$23.05 to current date. The long term bearish trendline in Litecoin was successfully breached on March 09, 2019, indicating possible resumption of bullish momentum in Litecoin. In addition, the current bullish price channel is provided to help put price action into context from the December 14, 2019 onwards. Support levels exist between ~$44.72 and $41.80. Any retracement in price is expected to hold at the support level as it also coincides with the lower boundary of the current bullish channel. Further break to the downside below the channel is expected to find a lower level of support between ~$30.32 and $28.48. The width of the bullish price channel can be used for price projection on a breakout above the upper boundary of the current bullish channel in order to determine the minimum expectation for Litecoin
BITFINEX:LTCUSDLong
by Coin_Analyst
Short LTCUSD | aggressive entry | Good area to short?Hi guys. Just got this (hopefully) nice short entry, for myself and friends I manage for. I know what I'm doing, it's not just randomly chosen. Most would probably not have the guts posting a trade like this. I'm not perfect though and there is a considerable chance that it could go wrong. If my thoughts are correct, it should go down right from here, and fail to break and close higher on greater time-frames. Thanks for reading
BITSTAMP:LTCUSDShort
by GettingAnotherMillion
4
Litecoin at crossroads: 3 Key info. to Keep in MindConclusion for today’s Litecoin analysis: A break above Litecoin’s long term bearish trendline provides further evidence of a trend change and bullish bias. A logarithmic scale is used on the 6 hour timeframe chart for today’s Litecoin analysis with coverage of over 8 months of market action. Of great importance is the major bearish trendline in Litecoin that is currently active and has lasted over 14 months as highlighted on the chart. This is due to the termination of bullish momentum at the trendline on February 24, 2019 when a price high of ~$54.80 was achieved in Litecoin. Lack of a close above the trend line implies potential entry point for bearish trades or positions. Conversely, a bullish price channel is used to put price action into perspective following the termination of bearish momentum on December 14, 2018 at a price low of ~$23.05, which resulted in Litecoin reaching $54.80. The lower boundary of the bullish price channel between $38 and $40 provides opportunity for entry into a long (buy) position(s), with the expectation for Litecoin to break above upper boundary of the bullish channel and longer bearish trendline. Support for Litecoin below the bullish channel is present between $30.32 and $28.48, with Litecoin expected to target this support region on a breach below the lower boundary of the bullish channel. This would imply trouble, and even worse is price closing below $28.48.
BITFINEX:LTCUSD
by Coin_Analyst
Litecoin Analysis: Important Info. for Intraday Timeframe TraderConclusion for today’s Litecoin technical analysis: Conservative entry into a long (buy) position(s) involves buying a breakout above $39.62 The 6 hour timeframe candlestick chart is presented in today’s Litecoin price analysis with coverage of market action over the past 5 months. Downward momentum was maintained up until price hit a low of $22.84 on December 7, 2018 followed by a bullish price swing that reached a price high of $39.62 on February 08, 2019. Bearish trendline in Litecoin lasting just over 5 months is indicated on the chart and was successfully broken to the upside as part of the development of bullish momentum that climaxed on February 08, 2019. The current bearish trendline is anticipated as support on further retracement of price, which implies the $38 price level indicating a possible change in polarity i.e. previous resistance acting as support. Lower support level (i.e. between $30.32 and $28.48) is also indicated on the chart and expected to provide support should selling continue below the $38 level. Moreover, the current bullish trendline from the December 7, 2018 low in price is also drawn on the chart as region to watch out for price consolidation. The most conservative approach to going long (buy) on a breakout above $39.62.
BITFINEX:LTCUSDLong
by Coin_Analyst
Litecoin Analysis: Important Info. To Keep in MindConclusion for Today’s Litecoin Technical Analysis: A break below ~27.34 implies continuation of the current bearish trend in Litecoin. A logarithmic scale is used on the Daily timeframe for today’s Litecoin Analysis, and price action from December 12, 2017 to current date is examined. The chart pattern used to highlight the trend in Litecoin from December 12, 2017 is a bearish price channel. The most recent bullish price swing in Litecoin occurring from 22.17 on December 14, 2018 to a price high of 41.27 on January 8, 2019 is currently being retraced, with price setting at the upper boundary of support at 29.65 as indicated on the Daily chart. A bullish price channel (tentative) is also used to put into perspective price action from the December 14 low to current date. Daily support at 27.57 marks the lower boundary anticipated to provide the basis for more bullish upside. Lack of bullish momentum at 27.57 and break below implies continuation of the current bearish trend that will see Litecoin close below the low made on December 14, 2018 of 22.17.
COINBASE:LTCUSD
by Coin_Analyst
Litecoin Analysis: Short Term UpdateConclusion for today’s Litecoin Analysis: Price closing above $41.19 is the most conservative way to initiate a long (buy) trade. Litecoin closing below $27.49 reduces the chance of continuation of the current bullish price swing. Litecoin Analysis is carried out on a 4 hour timeframe with price action from November 24, 2018 to January 6, 2019 indicating the formation of a chart pattern referred to as a head and shoulders bottom or inverted head and shoulders bottom. The above mentioned pattern has bullish implications ideally, with confirmation occurring after price closed above the neckline at ~$35.92. The immediate bullish trendline drawn on the 4 hour timeframe has currently been broken to the downside which is bearish. $29.36 and $27.49 represents the region of support for Litecoin and these price levels should offer a floor for price action should the current retracement reach support. Price closing below $27.49 decreases the chance of continuation of the current bullish trend. The most conservative way to go long (buy) is to initiate an order on breakout above the high of January 8, 2019 which = $41.19, with the width of the head and shoulders bottom providing a minimum target for price upon breakout.
KRAKEN:LTCUSD
by Coin_Analyst