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Litecoinanalysis

EURSGD analysis: Important info. to keep in mind.The 1 hour time frame of the EURSGD is shown in this analysis from October 8, 2018 to current date. A bearish trendline is used to highlight the current trend on the 1 hour timeframe, with resistance line (overhead supply) indicated by the red line. Support is currently between 1.55396 and 1.55103. A break below support, especially the 1.55103 price level would indicate continuation of the current bearish trend, however, it is always better to sell on a pull back. The bearish trendline (in green) was further extrapolated and could possibly provide a ceiling for price after which selling will commence. If not, a retracement to the red line would be anticipated.
by Coin_Analyst
Litecoin Bullrun coming soon!Firstly, comment if Im wrong or something is wrong! 1. Tried to break resistance, not enough momentum. RSI was high (overbought) and momentum wasnt enough. Dropped again to support. It helds easily and started 2 2. Strong bullish move. Broke resistance but didnt hold this time. But still lots momentum and price didnt drop much. Second peak(continue still) tests resistance again. RSI didnt drop after peak like happened in 1,so. Much momentum. I think there is change next bull movement starts (about 60%), and if it dont and comes to support again next time litecoin has even more potential to break resistances. Im not professional so comment your thoughts about this. It also helps me if you say that my idea sucks so tell me in the commentsection. BTW im 16years, Thanks.
by SuomiJamppa
LTC-USD Market Analysis - 17 June 2018LTC has been moving inside the Descending triangle pattern since long and finally fell downwards. The first good resistance lies in the $112-$118 zone.(10% up or down maybe). Getting back to the current situation. The price is around $95. If the price falls back further to the upper level of the next possible support($85-70) and rebounds from there to the next possible local fibonacci level of around $108, which is rougly equal to a gain of around 20-25%. EMA + RSI EMA and RSI lines are nearly about to converge. So, we may have a potential BUY signal soon. Note that nothing can be stated about the strength of the buying signal. Keep an eye on other indicators too like the Volume to know about the strength. I have smoothed out the EMA over RSI. This is done in order to vercome choppiness and get better entry and exit points. Just remember this always that , If the RSI line(White) is ABOVE EMA line(Red) = BUY If the RSI line(White) is BELOW EMA line(Red) = SELL WILLIAMS ALLIGATOR The Williams alligator shows signs of further downward movement. Since, this is a lagging indicator, this sign is justified due to massive bearish trend which started on 6th May. Also, just remember that when the order of line is : 1. GREEN > RED > BLUE = BUY 2. BLUE > RED > GREEN = SELL MACD The lines seem to be converging which will result in a BUY signal. Though, at this moment they are really far from each other and any kind of massive selling may push these away further. Note that, the MACD is converging inside a symmetrical triangle but still needs more time for development.(Will focus more on this in my next update). ADX AND DI -DI moved above +DI on 15 May which marked the onset of Bearish movement. Currently, -DI and +DI are way too far from each other and ADX is resting at 37 value which means that the prevalent trend is strong. So, more time is needed to see any change in trend. VOLUME INDICATOR AND VOLUME OSCILLATOR The most important thing which i noticed on the daily graph is that, the with falling price, the volume has been falling continuously. This is obviously, in favour of BULLS. This clearly marks the loss BEARISH momentum. In addition to this, the Volume oscillator indicator also indicates a loss of bearish momentum. The oscillator has a negative value of -14. For all those who don’t know how volume oscillator works, let me explain it to you in simple words. This indicator plots positive values above the zero line and negative values below the line. A positive value suggests there is enough market support to continue driving price activity in the direction of the current trend. A negative value suggests there is a lack of support, that prices may begin to become stagnant or reverse Litecoin is already in a clear downrend. A positive value of volume oscillator may have suggested further downward movement. But since, the value is negative, there is a lack of support and the trend may reverse soon. CONCLUSION: I’ll leave it for you to decide. I am neither shorting nor longing at this moment, i am just sharing this for knowledge purposes only. P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk. Those who wish to achieve greatness, never seek for permissions. They follow what their heart says, and do what their mind states! Good luck trading.! Peace.
BITFINEX:LTCUSD
by johntradingwick
13
Found support, ready for the rebound to 148.427The price has found an excellent cushion level just above the 106.323 1W support since our last analysis. You see that the Fibonacci levels are working to perfection in determining the Lower High, which each time is located just above the 0.5000 extension (check the yellow horizontal rays). 1H is already picking up on pace (Highs/Lows = 0.2079, B/BP = 1.1320) as 4H is consolidating (neutral RSI = 50.613, STOCHRSI = 54.721, CCI = 14.3271, Highs/Lows = 0.000) having formed the support base. Our Tp remains 148.427.
BITFINEX:LTCUSDLong
by InvestingScope
1