LTC still bearishWhile in USDT pair LTC is growing, against BTC its losing as usual. Bounced from 5585 support line, but got stuck under 5750 resistance again. So if will be rejected, that time can actually fall lower to 5500. Getting above 5750 won't make life easier as it will need some time for consolidation, before actually can start grow further.
Can assume that if BTC will finally dump, Litecoin will have some air to breath, but I wouldn't put much on it.
Litecoinbtc
Litecoin bottomed?Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
LTCBTC formed gartley | a good long opportuntiyThe priceline of Litecoin / Bitcoin formed a bullish gartley and entered in potential reversal zone.
This potential reversal zone should be used as stop loss point.
I have defined targets using Fibonacci sequence:
Buy between: 0.006703 to 0.006643
Sell between: 0.006750 to 0.006864
Regards,
Atif Akbar (moon333)
LTCUSD forming bullish Crab | Upto 27% expectedPriceline of Litecoin / Bitcoin cryptocurrency is forming a bullish Crab pattern soon it will be entered the potential reversal zone.
MACD and Stochastic are strong bearish.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.006255 to 0.005810
Sell between: 0.006600 to 0.007435
Regards,
Atif Akbar (moon333)
LTC late bull?It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt than in Bitcoin. 200% is much more realistic for an altcoin that is $0.05 than 200% on $10,000. But, the sky is the limit.
Disclaimer: Cryptocurrency market is notoriously unstable and are easily influenced by external events. This is no guarantee of a breakout. This analysis is based on past events and indicators. Dates are not predictions, as bull/bear markets seem rather sudden.
LTC bullishLitecoin day chart update
Since my last call in Telegram half month ago LTC got to 137 and almost hit last main target at 138. And I am sure it will. Currently price hangs on 130 support and can slip to 125-126, but most likely will keep on growing, as last day candle appeared doji - bulls didn't let the price down. Nearest target 140, than 147-148.
Original post targets:
Pullback buy zone 115-117
Targets 127 - 133 - 138
HODLer's candy 148
Litecoin/Bitcoin (25 May) #LTC $LTC #BTC $BTC#WAIT
LTC seems to be responding positively to the Block Reward Halving incoming news in August. Currently, LTC has escaped the sideways pattern in downtrend and target is 0.0159 BTC in near future
However, I believe that LTC will move quite zig-zag so protect your profits
Current price : 0.0129
Buyzone : Buy as close to 0.01235 as possible
Sellzone : 0.0139-0.0159
Stoploss if price is lower than 0.0118 and consider buying back around 0.0109
Litcoin's relative price against Bitcoin weakeningThe LTC price breached a crucial resistance against Bitcoin and the relative price against bitcoin seems to be weakening. The overall trend line also seems to confirm the same trend. We can still wait at this point partially to see how the trend spans out in the subsequent days. If there is a jump above the crucial resistance line pointed out the prediction will be invalidated and we might have to observe how the new position looks like. But at this juncture I still see the relative price headed down south till it reaches the oversold territory where at that point there might be a minor bounce.
The strategy at this point is partially sell, and re-enter if there is an upward movement. Otherwise the next buy zone will be when RSI indicator reaches the over sold zone.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.