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Litecoinforecast

LTC Long Opportunity (Super Support)Hi guys its Brian here with a long opportunity for Litecoin (LTC) As you can see from the chart, LTC recently just bounced off a super strong support as shown by the green circled areas. LTC has had 2 previous green days and if the support holds, I think we are headed upwards either in the near future or perhaps some consolidation before moving higher. Stop loss can be placed below the support and I have identified 3 good areas to take profit, labeled as TP1, TP2 and TP3 Free Workshop & Trading Group (signals, news, price alerts & more!) go.brianchai.com Youtube Channel www.youtube.com
Long
by BrianChai
LTCUSD Squat & HoldAfternoon everyone. Bottom line – I’m very bullish on LTC and have a long-term position that I’ve been building since early 2017. But…this is called TradingView, not InvestingView, so here’s what I’m looking at. - The halving came and went without much drama. It was priced in over a month early in keeping with historical performance. Notable is that Charlie Lee said in an interview that the price run up is just traders front-running one another, which creates a self-fulfilling prophecy of the halving pump. Keep that in mind since we have the BTC halving coming up. - I’m not super read in on the inner working of mining, but the block reward halving reduces the monetary incentive to mine at these prices. A percent of miners will switch to something else. The difficulty algo lags in adjustment. Looks to be reflected in price. - The blowoff top in June corrected to the .618 fib as drawn from the breakout in February. I don’t give this much weight since I have yet to read a rulebook for drawing fibs, but it’s notable that it stopped there. - .618 fib happened to have correlated with the 200 SMA at the time. Look where price is heading now. - 5RSI is on the bottom half = bearish - MACD fast average looks like it wants to cross the slow to the downside = bearish Cool points to make…now let’s add the human part. Price was a shit show during the last LTC halving since it was so new, so not many clues there other than to point out that there was a solid floor under it when it settled down. Then it took a couple years to gain some traction, and its yuuuuge rise came in a very short period. Sort of like silver does with gold. That tells me that the big profit portion of its bull market will be very difficult to get into on the front end with indicators, so being in position with a long-term eye is the best bet. The 200 SMA or the .618 fib level look to be reasonable spots to establish such a position if you don’t have one already. If it drops more than 1.5x ATR below either of those, maybe it’s not such a great time to be buying LTC unless you absolutely don’t need the money and there isn’t a better trade (like silver). If you must trade this…and I must, at some point, since I’m still allergic to money, I think reclaiming the 50 SMA will be key. Notice the 2JAN candle when price broke above it and the 8FEB candle when it took off. About a 300% gain if you followed the 50 SMA with a 1x ATR stop. The 50 SMA will have to level out and maybe point upward a bit for that to happen again, so don’t hold your breath for it given the current downward slope. Keep in mind that the lower it goes, the more committed some people will be. Then it’ll hit the bottom, and they’ll sell there. That’s how bottoms are found. Don’t be that person. Try to be the one to buy it from them. If you see a massive capitulation that makes you think LTC is a dead project, that’s when you buy for value. Submitting the order should make you a little sick to your stomach. So, there it is. Sit and wait. Could’ve done that without reading this, but hopefully this will sway you from over-committing funds before the downside runs out and not miss the buy-in when it presents itself. Good luck.
KRAKEN:LTCUSD
by HRoark64
2
C&H and volume accumulation suggests LTCUSD due for rallyAs I predicted July 27 roughly 4 to 5 days before the LTC l halving; Price action was set to be doomed with miners receiving 1/2 in compensation— The appeal for LTCUSD fades As it is essentially a gimped BCH but Nonetheless every influencer with 100 million followers posted about how I have no idea what I’m talking about ( Despite over six years and I can’t even ballpark the thousands of hours I’ve been doing this religiously for over half a decade now..: ) that during a parabolic run “ there is no way that LTC or any other top five market cap coin will not see a surge in pricing as well. ..” and while they may be right in every other bull run, what makes this Different was the halving and Please do take note on emphasis of the literal words I’m using when I say top 5 coins im basically referring to BTC/BCH/LTC/ZEC And not all general cryptocurrency’s and if you don’t know what the difference between a Crypto currency coin into cryptocurrency token is then I can guide you to a “TLDR” oped I wrote a few years back and have since edited and revised a few times titled “10 Crypto Commandments” Which if you do not deviate from and read it over carefully and let me reiterate not to sound like a broken record but I’ve had people complain that they follow the rules and try to blame me for losing money only to go over what happened and find out that they slipped up by deviating.. When I say do not deviate what I mean is My 10 Commandments is applicable to any Forex trading styles and Regardless of the EMA it even works for day traders And I’ve tested it hell I’ve memorized it and I still use it to this day and it yields about an 8.7/10 success rate on all entries with 96.9% accuracy in figures and timeframes with a 9.2/10 Success rate with 87.3% accuracy in figures and time frames and a staggering 9.9/10 Success rate with a 50-50 in figures/time for a bit when I mean by that is that my TA (Everybody’s technical analysis for that matter) Is not set in stone at the time of publication and is subject to change based on indicators and news anomalies other factors and so because other traders like myself are usually juggling between multiple platforms and possible portfolios It is simply Impossible For me to update and reallocate/re-calibrate figures and time frames for TA on every publication whenever said changes happen—- Especially in the market like this that is in its infancy, extremely volatile and never closes! Factor in the fact that it’s a global market and you have an impossible situation where The only way your portfolio is 100% safe is if you never sleep which more often than not there during bull runs I end up doing (Load up on caffeine and nicotine— I Self in a lot of other traders on CT I’ve come to notice will be up all day for 3 to 4 days during the initial carry through and then set stop losses before adjusting alerts on my I watch/forward and taking a rest for some downtime usually timed right around when the market is oversold and we’re transitioning into alt-season— These 12 hours or so are critical as It is really the only time you have to rest before you have to be up at other three days to do the same thing you did for the bull road except for sniping off alts...Even if you do everything right there can still be some freak accident like some piece of crap fraudster or what happened with Binance today or In 2012 mt gov. Why am I saying all this? Not to be a Debbie downer who tries to tear anyone who has aspirations of becoming a forex trader themselves but to brace them for the painful and sobering reality that crypto trading is not easy money it is by no means a cakewalk and if you are looking for a pay day/lotto ticket that ship sailed with the early adopters and we are in the deep sea right now so it’s sink or swim. I recall after the great crash at the start of crypto winter they put the national suicide hotline on the cryptocurrency sub Reddit that’s how bad things were for people were actually mortgaging their houses to fomo in. So let this be a lesson to anybody that actually reads it— Yes I have made a healthy and prosperous sustainable living forex trading the past half decade and even during Cryptowinter for all of 2018 I have other measures in place to supplement my income such as mining/leveraging/margin/debugging++ I have other measures in place to supplement my income such as mining/leveraging/micro loans/Buy stocks and trade those/ Freelance development gigs either web development graphic design writing or even helping other token developers in that advisory or consultation capacity. So the key take away from my rant over here is: 1) Always at your stop loss is always trade with your head and never your gut and do not ever be lulled into a false notion that this is easy money because you saw some dumbass tweet that he made 50 grand in five minutes ask yourself when you go to the casino and see somebody playing craps who happens to win 50 grand in 30 seconds does that make You rush over to play craps without any impulse or second thought? NO!! Absolutely not. 2) Because you’re just gambling at that point and once you start to lose more than You’re lot of threshold (covered in my 10 commandments - trade using the buffet model) People start to unravel and lose all sense of objectivity so the irony is the more money they lose rapidly the less likely they are to bounce back that I’ve seen this happened to even the most seasoned traders it’s psychological and has nothing to do with talent it is only human nature to panic when you see your hard earned money rapidly dropping, However remember that every drop has a bounce and While you will still take a hit if you can take a deep breath and take control of the situation you could wait for that bounce and then short at the top of consolidation resistance / support to mitigate a catastrophic loss into a “not so bad “ one. Greed is the number one enemy of all forex traders. You have to be willing to bite the bullet and take an L from time to time not every entry is guaranteed ROI and if greed is number one that would make pride fear and stubbornness 2-4 with 5) being impulsivity. Not gonna bother including a disclaimer in this publication because I’ve basically written this entire oped as one lengthy extended disclaimer. The human psyche is very weird. It’s common sense to buy low and sell high even people that don’t trade know that yet for whatever reason the influx of new crypto traders always come at the high-rise of the bullruns. It is for this reason why I felt it necessary to include this link the disclaimer because we’re seeing a lot of tears and a lot of figures and projections being thrown out there but not a lot of accountability or foresight/forethought by these other traders that Some poor new trader might come along see how many followers you have and how many likes your TA yields and prematurely concludes “Oh there’s no way he could be wrong look at the number of people that think you’re right!” And dumps his life savings on What you and I and every other seasoned trader knows is merely speculation and an educated guess but We have Seen so many charts and drawn so many lines that We just assume that everybody knows that it’s a given. to those traders I ask you to try to reminisce to what it was like when you started trading and more specifically How bad it felt when you had your first real lost... And don’t tell me you never had a real big loss because every trader has or they are lying and if they aren’t lying they aren’t traders for The only way to maintain zero loss margin is to simply HODL, Which if you’re a person who’s working a full-time career with a family to take care of I would rather advise you to do just that than try to take on something that is unfortunately and undoubtedly very stressful and time consuming. With that being said set your stop loss cup and handle emotion this is a short term sale/entry. P.S. I used Siri voice command to Hit the little microphone button and talk into my phone to write this up at so forgive the little grammatical errors as I do not have time to proofread and I am not at my PC right now. When I get home before the Asian markets get Poppin I will make sure To update this publication as well as the other two I posted today with calibrated figures / timelines. In the meantime, Take every traders opinion with a grain of salt— ESP my own! It could be overwhelming with a lot of people there with a lot of figures out there as a newb you’ll instinctively flock to the influencer Who has the most followers and subscribers but bear in mind that a lot of these guys just like myself started as tech / programmers and After discovery blockchain we learned to forex trade so Just because you see a video of an influencer Using a lot of confusing crypto/Blockchain related terminology and vocab does not make them Any better of a Forex swing trainer than the guy with 40 subscribers and 20 views— It just means they are more consistent and better content creators and if they aren’t giving you this whole spiel I’m doing it for you and for them and shame on them because they know what they’re doing is wrong. Cheers. Peace and love. @a1mTarabichi
COINBASE:LTCUSDShort
by a1mtarabichi
Litecoin much weaker than Bitcoin NO Long signal 1HR#Litecoin #Bitcoin #Ethereum Hello to all watching my charts If you check the Litecoin and the Bitcoin chart its interested that in Litecoin there is no long signal yet. I have brought you here all highs as resistanced with black arrows here. It is to mention that all arrows are lower and lower What we do need for a trendchange to long is a jump above the 107.00 USD range It could little bit see as a adam and eve formation but NOT fullfilled , cause right should is not really there. So i suggest to stay out and stay Neutral here. Wait until we will see jump above 107 or not. Good trades If you want to support my work and my charts,please like them.. Renkotrade
BITSTAMP:LTCUSD
by Renkotrade
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state. This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level. On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise. I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)
COINBASE:LTCUSD
by KYLEKILLJOY
LTUSD Litecoin NEUTRAL in Trading range 1 HR Chart#Litecoin #Bitcoin #Ethereum Hello to all watching my charts Litecoin similar to other cryptos is catched in a trading range between Low Support at 87.50 and High Resistance at 96.00 Only after a breakout in 1 direction above resistance or below support we are able to analyse a clear status. At the moment its a Neutral Status No reason to trade here. Good trades If you want to support my charts and my work please like the,,, Renkotrade
BITSTAMP:LTCUSD
by Renkotrade
1
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state. We broke our strong 5 month trend line. But the bounce on the 30 of April proves to be a strong support level as well as being the .618 fib level. (swing low to swing high up trend) Looking at this golden level to be some solid consolidation. Right now, if LTC can hold the .5 fib level as support, we might be nice for the short term.... If we can break the .382 AND hold as support we might be very looking nice :) Also i would like to add that a few indicators point out that LTC is oversold and on a possible turn around on the daily chart. The RSI is oversold and hasn't been this low since the start of the bullish trend, the stochastic RSI crossed bullishly getting ready for a momentum move up. Also we found support on the 200 day moving average! Let's hope it will continue as support, and as Bitcoin falls, more money is likely to move into alts. Just my two satoshis !
COINBASE:LTCUSD
by KYLEKILLJOY
Litecoin SHORT But Big Chance of Trendbrake has come in 1 HR #Litecoin #Bitcoin #Ethereum Hello to all watching my charts As update to my Chart from few hours ago Litecoin is really the strongest among all cryptos at the moment. There is only a small step to go, get over the bridge of 93.20/94.20 USD Maybe it jumps really above theses resistance zone and than we are in a long setup again. Watch out !! Good trades If you want to support my work and my charts please like them.. Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
LTCUSD Litecoin SHORT but Chance of Trendchange Long#Litecoin #Bitcoin # Ethereum Hello to all watching may charts After the desaster in crypto currencys of the last days we do see here a small chance of a new shorttime long trend in Litecoin which is little bit surpising as Bitcoin itself f.e. is not such strong here at the moment. We have seen a higher High, but to confirm as this crypto is still in my shartchannel capted i want to see a rebound to the "Long Confirmation" aerea first. Good trades If you want to support my work and my charts, pleasew like them... Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
Litecoin LTHUSD SHORT All Supports Broken 1 HR Chart#Litecoin # Bitcoin #Ethereum #LTCUSD # BTCUSD Hellot o all watching my charts. Short is the game to play in all cryptos since some days. I do hope you have followed ,my charts and have seen the sinals yourself and are winning money. Now one support after the other brakes , as i write that next support have been broken. Next Hold is 66 USD !! Difficult to write that as the pair has traded as double prices 1 week ago... But only reality counts.. If you want to support my work and my charts please like the, Good trades Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade