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Litecoinbtc

Litecoin - The Quest of the Ascending TriangleLooking at the BIG PICTURE and the long term for LTCBTC we can see this beautiful ascending triangle we have been forming since early December 2017. I have two lines on the upward slope indicating 2 possible scenarios for this to fulfill. Currently as we speak the DMI is oh so close to touching but the + is still on top. The ADX is above our signal line showing strong support of the trend, and the RSI is still holding on my upward line showing we are still seeing higher lows. Keep in mind, this is LTC/BTC. So not to confuse anyone, but we can drop on this chart and the price of LTCBTC can still go up in dollars, all because of the price of Bitcoin. This shows growth with Bitcoin and how Litecoin reacts with it. Currently Bitcoin is going up and LTC is staying around the $185 - $190 mark and that is why on this chart we are dropping. (or vice versa, if Bitcoin price falls and Litecoin stay roughly the same price we will still Litecoin go up on this chart) This can be used as a good indication as to how Litecoin will react to Bitcoin and shows when we reach a certain level we can expect/ anticipate/ predict/ forecast/ etc. what could happen next. We need to see LTCBTC bounce off the support here and see the Directional Movement stay as it is and NOT cross. This will help show strength in Litecoin and we should then begin to see stronger price movement perhaps back up above the $200 mark. Thank you for taking the time to read! IF I get 15 likes I will post an update! Happy Trading :) Much Love DustyPH *all comments are welcome* ***This information is not a recommendation to buy or sell***
Long
by dustyPH
LITECOIN LTC Scam Airdrop Will Move Price UP (HIGH RISK)Litecoin LTC will be having an airdrop of Litecoin Cash which the developer of Litecoin labeled as pure scam and at this point we are of the same thinking. HIGH RISK FOR SHORT TERM TRADES Source - goo.gl We are personally staying away from this trade. We do have Litecoin in our portfolio, but will not be adding on due to this airdrop - ETC airdrop is much more important then this. Do not invest what you can't afford to lose. We are not you financial advisors, if you don't know that already!
Long
by CryptoManiac101
10
Litecoin (LTC) vs Bitcoin: Tracking Litecoin's Movement + NewsLitecoin (LTC) is the second cryptocurrency to ever be created after Bitcoin, a replica made by the Chinese. Litecoin is very famous and is available on all major exchanges and accepted by many Bitcoin payment platforms like Coinbase. At the time of this writing, Litecoin is the #6 biggest Cryptocurrency in the world with 10.7 Billions market capitalization. When trading, Litecoin is very resilient to price swings. I would like to trade this coin for long... Let's look at some news first, the reason why I am sharing this Litecoin analysis. News are coming for Litecoin in February, here are some quick details about it: "Payment platform LitePay is on track for its planned February launch and aims to bridge the gap between Litecoin and fiat currency. LitePay aims to make it easier: * For businesses to accept Litecoin as payment * To settle Litecoin payments directly with banks * To manage Litecoin finances all in one place through the open source Litepay mobile and desktop wallet It also plans to create a LitePay card, to let users load dollars into their Litecoin wallet without any fees, and use it at ATMs, merchants and anywhere else VISA cards are accepted." This can be really good, and hardly can do any harm to Litecoin, so we are going to use this as one of our indicators that Litecoin's price can be going up in the close future. Now, this is not the type of trade that we normally join. So please be careful with this trade. First let's look at the daily chart, the basis for our analysis. I will explain this chart as all the lines can make it confusing, so just glance over it for your learning and entertainment: Litecoin You can find the following features on the chart above: - The blue sideways channel: This is our primary channel and our main indicator for this trade. - EMA30 & EMA90: These serve as possible support level markers. Where you see these lines, blue and purple, support can be found there. If broken, then you know that the price can go lower easily. - Red line: Small descending trend line. Mild resistance, the stronger resistance is the blue horrible line that is the top of the sideways channel. - Green lines: Ascending trend line. Mild support, these lines represent possible supports and ascending pathways. - Note: Both the red and green lines can be broken straight and the price continue sideways, but they work as reference for a possible path that the price might follow. - Vertical purple lines. Expected LitePay momentum build up and when the red and green trendlines meet. These are possible breakout days depending on how the trade develops. Chart analysis: - Litecoin is moving sideways. If the resistance lines are broken the price is expected to go up. If the support lines are broken the price is expected to go down. - The indicators are flat. When to buy in? This is a more advanced trade than what we normally do. You have many different options for your buy in. I will tell you what people normally do: You can wait to see if Litecoin is going to hit the lower end of our channel to buy in. This is a good way to maximize potential profits. You can wait until Litecoin breaks resistance and breaks the current trend, buy right above the resistance to secure the bull ride and reduce waiting time. You can use a stop-loss in case the price goes back down. Buy in now within a range with a stop loss. We normally use this third option, we buy and hold. Other people stay on the outside and buy when the action has been confirmed. For this type of set up, I rather buy and hold, just like our long term trades but everybody is free to choose what fits them best. For now I do not recommend any buy in. I would rather track this coin and see how it develops. I will open a new trade idea when I recommend this trade. Thanks for reading. Namaste.
by AlanSantana
105