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Litecoinforecast

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
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
BITSTAMP:LTCUSDShort
by GettingAnotherMillion
4
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.
COINBASE:LTCUSDLong
by coinswitch-trading
LTC on FIRE!!!!! Litecoin continues its moon mission LTC was consolidating for a few weeks now without making lower lows, which was the first indication bullish action might be upon us The bigger indicator was both CRUP signals that could have trigger longs both times, which would have resulted in a huge move We are well above the EMAs, this has only happened once back at the start of the year If we can remain above the EMAs, we are likely to see price continue to charge forward and upward towards the 200EMA That is another 21% gain but a pullback might happen before we continue higher LTC has been a leading indicator for BTC movement so far in 2019 and we can see that today Thanks guys!
COINBASE:LTCUSDLong
by CM_Trades