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Litecoinforecast

LTC/BTC (Litecoin) Hodl Till Halving..!!LTC/BTC (Litecoin) (Weekly) Technicals..!! Holding Weekly Support Above Weekly 20EMA RVI-RSI Both Bullish It'll Boom Soon Due To Halving In August. It's Also Following BTCUSD Both Resistances Mentioned In Chart Strong Resistance Is Our Final Target Until Mid July 46% Profit Expectations So Buy & Hold Some Inrtroduction ...!! Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions. Hit Like For Our Motivation.. Thanks
Long
by Faibik
3
$LTC the #CryptoCoffee Edition - Day Trader ExplainsLadies and Gentlemen, Welcome back to TJ's Trade Corner!! Today we will be taking a look at $LTC. Since many people started talking about Litecoin lately and the founder of it is a certified time-traveler, I could not hold myself and NOT take a technical standpoint on the whole hype and conspiracy about Litecoin. First of all, we start with the market structure. Here, we see the only coffee that I like drinking.. The Crypto Coffee which is served in a beautiful Cup and Handle market structure! We had a long long way down, started bottoming in December and now after a really crazy rally, we can see the big retrace and the handle pretty much complete. Taking a look at the retrace, I can see such a steep decrease only in December, where we found the actual bottom for $LTC. This might be the case this time as well and we have the chance of being ready to witness one of the biggest pump this year!! Yes, even bigger than $BTC. Let's take a look at the Volume!! Here, we need to zoom in a little: As we look at this, we can see over the last three days a pretty strong and significant Volume. First, a nice dragonfly-doji or as some might say scuffed bull hammer, in any way a strong reversal and bullish candle. Then two continuation candles, both significantly bullish. Today, we are seeing a small retrace, which is of the same size as the previous day BUT it has 1/6th of the volume. This means that people are not really selling and over the last 3 days we saw a lot of people buying!! Now, continuing with the moving averages, should we stay above the 89 moving average, then the next few days have a high chance of being very bullish. Nevertheless, should we close below it over the weekend, we will most likely see a blood bath on Monday with first target reaching for the 12845 and then ultimately for 12185. Looking at the TJ-Stoch, we can see that we are since pretty much 2 weeks in oversold conditions and we just got the Stoch crossover and see a nice green cross on it. This at itself is already a buy signal and based on the above it is backed by multiple factors. This TA and a full trade set up has been published before in my private learning group "ETG". We are going over many observations and possible trades very frequently. It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading. Should you be interested in ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested. Like and Follow me and you will find the space interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. Cheers TJ
Long
by KongTrading
1
Has the LTC Rocket run out of fuel?Hey all, its Nathaniel - "THe BiPolar TraDer" If you have not realised by now, I am back again with another market analysis on LTC/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey. LITTLE BIG MOVEMENT LATEST BLOG POST Now let's get down to the good stuff. LTC/USD - Hopefully you read my last market analysis on LTC/USD because this is just a brief update on how the market has moved in the last 2-3days. In that post, I explicitly stated not to put your moon boots on just yet, because I did not believe it was the right time. The price needed to move back down to the average price, after launching into an overvalued area (not overbought). Something you may have noticed Is that I use the VWAP calculation (indicator) to define this for me. It was clear we had extended to far away from the average price and that we needed to come back to this area. Looking at the chart, you can see that the price moved back into the value area, which I started to look out for in my previous market analysis ( $93.00 - $83.00 ). The same day the price closed within the value area, and buyers have been trying to jump on the bandwagon push the price up to the top of this value area. If you are looking to buy LTC, then my advice is to buy below the VWAP $84 .00 and hold for a long term investment at this point. If you look at the price of LTC in the last three months, it has moved over 100%, which could stipulate that there is still a more significant move waiting to happen (the rocket is refuelling) To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. I have not backtested this indicator, plus I would want to improve the indicator by defining a range. Watch this space :-), but I think it is publicly available already, so be my guess and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well. Next update will be in the coming week - Thank you for your love and support. Regards Nathaniel - "THe BiPolar TraDer" Little Big Movement COINBASE:LTCUSD
COINBASE:LTCUSD
by Little_Big_Movement
#LTCUSD Is it time to get excited?Our technical analysis on LITECOIN/US will focus on the 2 indicators we added to the above chart. Stochastic-This indicator knows how to find such trends by a mathematical formula invented by George Lane (briefly on the indicator) as you can see we are currently in the 80 range that's a range of being overbought Ichimoku- this is an indicator for finds trends and not in order to find corrections that the market can make. According to the above indicator, On the daily chart, we are on a rising trend as the price of the LITECOIN is above the clouds and is accompanied by a rising green cloud. On the weekly and monthly charts,The trend is still declining and the Litcoin will have to continue the rises consistently to change this trend as well. In conclusion The trend formed on the daily LTCUSD chart is an upward trend but we have reached overbought signals and therefore we recommend a sell signal Sell LIRECOIN: Entry price:86.68 Take Profit: 65 Stop Loss:100
COINBASE:LTCUSDShort
by xosignals
WOW! is LTC going to MOON? " No one knows the future" - Nathaniel "THe BiPolar TraDer" As this is my first published price analysis, I would like to introduce myself. I am not going to sit here and pretend I am a self-proclaimed trader. Everyone has there ideas on the market, and I wanted to use TradingView as a platform to home my skills and one day be managing a hedge fund. If you would like to follow my story as it unfolds you can find out more about the "BIPOLAR TRADER" at my blog below. I am not a forecaster, so don't ask me where price is going. What I define in my analysis is price points where I believe could be turning points or value within a specific market. thelittlebigmovement.com Let get started with the Analysis. Don't get the moon boots out just yet. These huge moves move in the last two day within the cryptocurrency market has not come as a surprise to me. Looking at any cryptocurrency since the start of the year we have been in a solid uptrend. Don't listen to the crypto-sheep as the "smart money" has been buying up cryptocurrency. For the reversal traders, it is time to go and hide for a little while. There needs to be a pullback to the area between $93.00 - $83.00 which means the trend traders will be looking to jump back on the bull train. As of writing the LTC price hit $100 (21:16 BST) and is falling back down to the $93.00 price. The VWAP at this point is playing catchup but is slowly rising into the middle of the area I have outlined above. This Bear market might be over but make sure you keep up to date with these extreme prices. What goes up must come down Next update will be this weekend - Thank you for the love and support Regards Nathaniel - "THe BiPolar TraDer" Little Big Movement
COINBASE:LTCUSD
by Little_Big_Movement
Target reached, LTC should retraceA few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in the long term and when and where I´m expecting this to end, but for now it not finished. We could see another small pump today? Yes, so if you like this idea and want to trade it but you are not sure yet, then wait until tomorrow´s new daily to see where it have stopped and then take your trade. Once again thanks for watching and hope to see you in my Telegram group soon. Previous analysis
BITFINEX:LTCUSD
by Coinamic
Crazy April for Litecoin?A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could be mad, a mini bull rally like the ones of those days back in 2017. The thing is that it wont last much and if finally it happens will be a huge bull trap for many. The upward channel is intact, the sentiment on LTC is quite strong at the moment, in my EW count, there is one more wave 5 left and I think that Bitcoin will sideways for a while now, the perfect ingredients for a super pump but let´s see, unless someone lend me a crystal ball I´ll have to keep monitoring the markets, and so far this scenario needs to be probed first with a good support around $52-$55. As always I´ll keep updating you, thanks for watching.
BITFINEX:LTCUSD
by Coinamic
2
Short-term short, Medium-term longI'll be honest. The only reason I am writing about Litecoin is because I find it to be the least unattractive crypto on the market. First the view from 30,000 feet up and then lets get grounded in technical jargon. Equity markets are dying for some incentivization for uptrend and if main US indices go under cryptos will probably not be a nice place to be for several reasons. First, its one of the most speculative asset classes out there beyond junk bonds. 10,000 feet down, price action is extremely volatile making by definition the risk of these assets to be extremely high. The beta is not your friend on this one. And if we want to look at the technicals, oscillators at the daily level are telling us it may be a time to sell.That's not to say that we will see a huge correction down to previous lows, but oftentimes pullbacks are healthy components of normally functioning price action and assets. I must say though that this particular chart reveals some scary looking candlesticks, in particular the huge long-tailed Doji that came up a few days ago if you look at the hourly or four hour chart (I forgot which to be honest, but its there so take a look). This signals massive indecision in price action. In sum, and I've said this before, I like Litecoin compared to other cryptos as it has been recently the best performer of all the majors. But again, I am not going to open a margin account and pour everything into here. That would be, well, a truly confident move in a market which saw a massive price movement to the downside to put it nicely. At any rate, good luck trading this as the shorter-term direction moves could be more lucrative for you. If you like my analysis here, please feel free to take a look at other assets such as currencies and equity markets here www.anthonylaurence.wordpress.com
BITFINEX:LTCUSD
by WhiskeyTangoFoxtrot3
Short Term Pullback, but Could Still Trend UpWant to start this out by saying I have incredibly skeptical of cryptos. That said, Litecoin is definitely the best performers of most of the majors on a percentage basis. So that said, I think price action could in the medium-term see a few more gains if this trend can continue. However, RSI and stochastic indicators are leaning towards a pullback flashing overbought signs. But small pullbacks are healthy and after that we could continue upwards. Let's see.
BITFINEX:LTCUSD
by WhiskeyTangoFoxtrot3
LTC nice run, time to short.Short term reversal incoming. PA is lining up well with the indicators too (simple bearish divergence on 1D chart) decreasing volume on this move up. 1 more bump up, into previous support now turned support. I'm closing off my trade at T1, I barely trade but when I do, I go safe. T1 - 0.128 or there abouts. T2 - 0.115 or there abouts. will be following this up with a trailing stop. Ideal entry be around 0.154 - 0.16 My stop aat 0.168 R/R 3.37 at T1 PS, resize the indictaors to better see the graph.
Short
by EnZo