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
Litecoinforecast
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
Litecoin just about to break down the current trednlineLitecoin is not being able to break 61-62 level with conviction and is currently just on the edge of the trendline that gave support to this uptrend. If the price manage to breakdown the channel you will see a nice drop with huge volume involved.
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.
Heading Towards Major Sell SignalThe Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for.
For more content, please check out www.anthonylaurence.wordpress.com
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
LTCH19-SHORT SCALP SETUPa short-term correction possible to 0.013-0.012 zone.
1.Volume decreasing with increasing price
2.Stoch-RSI bear divergence
if it breakout above the falling wedge then it would be strongly bullish but short scalp is less risky than long here
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.
Excellent Litecoin Short Entry -- Target 10 dollarsMost important part of trading is finding those good risk/reward trades. Tight stop above resistance ensures minimal draw down in the event of a break out. Blue bars give an idea of a possible path into the summer. Good luck and if you know of anywhere to short the LTC/USD pairing other than finex please share.
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 LTCUSD | aggressive entry | Good area to short?Hi guys.
Just got this (hopefully) nice short entry, for myself and friends I manage for.
I know what I'm doing, it's not just randomly chosen. Most would probably not have the guts posting a trade like this. I'm not perfect though and there is a considerable chance that it could go wrong.
If my thoughts are correct, it should go down right from here, and fail to break and close higher on greater time-frames.
Thanks for reading
Litecoin trading in small timeframe for massive profitHello guys !
Litecoin is following a rounded bottom pattern for 2 times in 15 Minute chart and it made the first target now heading to made the 2nd target. This opportunity do not comes always, You can read the chart and do short term trade with 2X to 3X leverage for small profits.
Thank You-
Litecoin(LTC/USD)-SetupFundamental prospects surrounding the Litecoin Foundation remain bullish and supportive of the price surge.It has moved 100+% since december month from $22 price level.It has dethrone BitcoinCash(BCH/USD) from 5th position when it comes to market cap.
Bullish Case:
Litecoin has moved 50+% since 1st of this month and a possible pull back is likely to the preliminary support level around $39 price.
This level needs to hold for further bullish momentum to break the preliminary resistance level and test the major resistance around $60+ price.Breaking this zone would be strongly bullish for the pair.
Also, it has penetrated through ichimoku cloud and 200D-SMA , which is bullish for the pair and might act as mini support levels in the coming days.
Bearish Case:
If the preliminary support around $37 price level doesn't hold then it could early signs of bears control.Breaking down the major support level around $30 price would confirm the bearish sentiments.