Litecoin Retrace to $190 then rebound to $230 regionI don't write about Litecoin much or give analysis. But here I'm going to. It is interesting how news of a fork made Litecoin jump when other coins in the same situation didn't, even after Charlie Lee said the fork was a "Scam". Although, I think we are missing the bigger picture. Litecoin has weathered many of the political storms that other coins haven't. Bitcoin itself has its capabilities being questioned. I think there is much utlity in Litecoin and is good for holding without worry about how to use. In short, it is a reliable crypto to depend upon and is underestimated. I see it retracing to $190-$180 level then going forward to $230 target. This is along with general market movement. But Litecoin arguably started this mini rally.
Litecoinbitcoin
LTC Breaks downtrend - $300 TargetLTC blew past the downtrend line with multiple four hour candle of significant price gains.
This bullish breakout follow two bearish wedge breakouts.
Next level of resistance is at the $300 price range. Market conditions seem optimistic so I think waiting for a fallback to $177 range is greedy.
I could foresee a cup and handle pattern with a pullback to about $195 and then another bull run to $300.
Bullish market all around.
#LTC Litecoin why fib retracement is important to learnMy old #LTC idea was deleted from violating TOS by advertising my telegram channels, but here's the gist:
FIB retracement is a must use tool. I think I have given even enough examples w/ the ellipses for you to understand m poiny.
Ignore the date on the drawn arrows, it's just a few possibilities of where #LTC could end up.
Litcoin rally on the horizon?Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit)
Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels...
I'm projecting a 200% growth on this pair, maybe it won't grow too much on the USD pair so becareful.
Once 0.0215 is taken it will go straight to 0.0327
My final target is 0.06 or 0.08
Stop loss should be around 0.016 because that will probably mean we can revisit 0.011 which i doubt by now.
Targets for LTC/BTCSo I'm looking to get back some LTC with the new BTC purchased isn yesterday's fire sale. There is still time for BTC to go below 8000 but i'm playing the BTC bounce to fund more LTCs.
Here is my idea of price action and support. LTCBTC price has broken a couple support structure areas so we are short term bearish after this bounce.
LITECOIN, Great Buy Trading Opportunity for LTCBTC, catch it!!Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend .
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 46 and above a RSI support level .
Trading suggestion:
Price is in the support zone (0.01438 to 0.01265), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.01438)
.Ending of entry zone (0.01265)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.01731 (First Target)
TP2= @ 0.01854 (second Target)
TP3= @ 0.02000 (Third Target)
TP4= Free (Fourth Target)
LTC Bullish Pennant FormationBullish pennant is clearly seen on the daily chart. Bollinger Bands are extremely narrow, we expect huge movements when they are narrow like this. Stoch RSI is oversold, MACD is low and sell momentum is decreased.
These are all bullish signs and I expect the price to increase till we hit the first resistance line at 0.0194. If 0.0194 breaks we will easily reach to second resistance at 0.0213.
Here is my trading idea:
Long at: 0.0161
Take profit at: 0.0210
Stop loss: 0.140
LTC ready to RUNLTC ready to run Los Angeles 11:57 PM.
LTC looks ready to run with the right setup:
Litecoin needs to break downtrend RSI.
Price action needs to break triangle to the upside.
BTC needs to remain stable for LTC to breakout.
Reaching target is easily doable.
Macd ready to cross
Not sure how LTC is going to move compared to BTC. I usually see BTC as the first mover before LTC.
LTCUSD - Litecoin retesting $100 soonLooks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at them when they see the price rise a little and start shouting 'to the moon'.. only for it to come back down again. It's not that hard to understand, we're in a downtrend, have been for a while now, and it's safe to expect it will continue to go down... all of crypto is completing a massive chart formation - head and shoulders: www.reddit.com
LTC Analysis 16 JAN-18Litecoin markets have rolled over again, reaching down below the $200 level.There is a considerable amount of support at the $175 level though, which I think will be the next point where the buyers will return .
In a bounce in this area will probably go looking towards the $250 level above. If we break down below the $175 level, the next support level is at $150.
Looking forward to your valuable opinions. Like if you agree. :)
Litecoin above major support, watch for the break down.
Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a potential corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin Trend Repetition - Pump Due Soon?LTCUSD has not been faring well against the recent BTCUSD and ETHUSD pumps.
Many of its supporters are patiently awaiting bullish movement. When will that happen?
The Trends:
- Spikes UP when a buy signal is triggered at (Avg. 14.75 days)
- Slow movement DOWN when a sell signal is triggered (Avg. 1.5 months)
- There is an average of 57.657% profit loss over 3 significant down trends.
- We are currently in the 4th significant down trend, at a 27.52% profit loss since Litecoin's last all-time-high.
- When significant buy signals were triggered, price rose an average of 132.3% over 4 pumps.
- When significant buy signals were triggered at an avg. RSI of 24.6327 (over 3 pumps), price rose an average of 137.69%.
A Few Thoughts:
- It has been a little over half a month since the last all-time-high. We're halfway through the avg downtrend.
- Litecoin will find support at the .618 fibonacci level, but could move down to the .5 fibonacci level if there isn't enough support.
- The .618 fibonacci level is more likely, as it is consistent with past movement.
- There will be attractive entry points for bulls to pump Litecoin at these levels. If Litecoin does not show any sign of significant buy signals, we'll see the downtrend continue.
This chart is based entirely on past history of average price movement with RSI, MACD, Bollinger Band, and Fib lines as technical analysis tools.
Disclaimer: I am not an investment advisor. This is not investment advice. I do not provide financial advice, nor do I act as a financial advisor.
I highly recommend consulting a certified financial advisor before making any financial decisions that could impact you or those who depend on you.
Happy trading! Stay tuned for updates.
If price of LTC doesn't hold 250 price / Interesting AltCoins...This shows us that if LTC doesn't hold above 250, it will create a high that is lower than previous in the 300's.
But on indicators, the 300's high is lower than the 250...
So if the price doesn't hold above 250 in the next hours / days, the price will have to follow a hidden bearish divergence. Which will crash the price to the 200's.
I am moving to alt coins right now.
Utrust
Ethos
No Limit coin
Quantstamp
Those seem to be great projects (with working products for some of them).
They are getting a lot of attention recently. Utrust and Ethos are playing a good role in User Experience for the crypto fans, and that can only play in our favors as it will bring new money as it gets easier and easier to use. Also use cases are appearing little by little with no limit coins, and Quantstamp playing a role in smart contract security.
I think those will be my 2018 investments...