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Litecoinforecast

LITECOIN - Confirmation Circles!Hey followers and other TradingView users! If You read and enjoyed my idea, kill the "LIKE" button or if You are new here, then press the "FOLLOW" button and get instant updates! Litecoin has opportunities as it was on NEO on my previous analysis. The green circle is the possible bounce area which depends on BTC'. The bounce criteria: 1. EMA's on the circle acts as support. 2. The major counter trendline act as a support 3. FIB perfect retracement level 62% 4. Previous resistance becomes support 5. Smaller trendline 6. And if we start o go to another run then the Inverted Head and Shoulders bullish pattern support our move upwards. Sell if the price gets a 4H candle close below the counter trendline - which means a close inside the red circle! Please, don't forget to DESTROY THE LIKE BUTTON :) Thank You for your support, I really appreciate it! CHEERS! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only! BTC' Analysis:
by VaidoVeek
1
Hurt Litecoin ( LTCBTC ) takes on a painful journey down southHello Friends, Here comes my third and final chart for the day. This is yet another simple yet informative chart for you on the daily frame with explanation of what the chart shows. If you have seen my previous chart on Bitcoin ( BTC ) on daily frame, the path is clearly downward. (Ref: ) We all know, when BTC goes down it takes everything else down with it, a major reason why Litecoin will likely fall down apart from the weakness visible in LTCUSD chart. The LTCBTC chart, however, shows further signs of weakness in medium term (spanned over many weeks) with a death cross of 50 MA and 200 MA and rejection at MA 200 in the first week of June. Classical charting pattern wise, it formed a descending triangle (marked in black). The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. As has been evident in the chart, it has broken down and moving south a day after testing the bottom trend line of the triangle for the third time. As the chart suggests, MA 200 acted as resistance for 12 long days before rejecting the price and a death cross of 50 MA and almighty MA 200 has happened. They are going to act as resistance on the journey up. Price will eventually go down since that is the path of least resistance. Medium term view: Next major support is wayy down at 1.272 rectracement at 0.008866 level and below that at 1.414 level further down at 0.007060. They are the likely destination. It might take many weeks though. Short term view : We are currently seeing a small rally on day candle. It can continue till bottom of the triangle. If that is breached and confirmed, God and BTC willing, a rally till 20 / 50 MA / 786 retrecement can't be ruled out in short term (few days to a couple of weeks max). However, don't take your eyes off from the bear market. Thank you. Feedback welcome.
Short
by esjaees
3
Litecoin - Catch The Knife If history repeats, keeping a close eye on this LTC weekly chart could pay off nicely. I believe we are in the wave 3/3 or the correction dump, and there is still a possible 30-40% downside left, before we see the bull response everyone is waiting for. The weekly oversold RSI is a solid by signal, but it may pay off to be just a little bit more patient here. $20 will be a gift to any long-term crypto investor, and anything underneath that will be gravy. This is highly speculative, forecasting into Q2 2019, so keep that in mind, but i do see a potential 250% return potential, with under 2 year holding period - quite attractive. I will be updating this idea with future developments, stay tuned. Hit tumbs up. Thanks,
BITFINEX:LTCUSD
by Lorenz_Capital
LITECOIN - THREE STRIKES AND WE ARE UP!Hey Everyone, Before I start... I'm putting it out there... I LOVE LIKES! I love when you like me... it makes me feel good about doing this, because if you like my posts... more people see them :) And my aim is for for people to see them... more people to ask me questions, more people learn, more people can get that little bit closer to achieving their goals and dreams <3 Is LTCUSD just about to pop? In my opinion .... YES!!!! Litecoin has had 3 touches of the horizontal support and like many of the other coins, the pattern is completed and my target that I will be aiming for is $63.40. (Conservative... yes) Fingers Crossed this is a wave 1 and not another corrective wave. If wave 1, we will retrace after reaching my target and then head up for a 3rd wave. I will update as we go! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:LTCUSD
by LisaNEdwards
3
LTC getting ready to take off! Ride the BullAnalysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry. Take Profit: The green lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish ). Stop Loss: Stop Loss suggested at 8800, which is below the liquidity pool and 3 established local support levels. Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level. This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Long
by theheirophant
1
Litecoin: Bull Power vs. Bear PowerAs I have mention in my bitcoin analysis, there are a lot of bullish divergences occurring on the daily, big ones, however, I do not know the strength that each of this coins have to fight the possible trend of bitcoin or if they have enough strength to pull bitcoin out. So, this is definitely an interesting situation and it would surely display which of these coins have most of the power. But given that bitcoin is king, I don't think these divergences would go too far. Litecoin Analysis: 1.) There is a really strong double bottom pattern. It looks like it is a possible eve and adam double bottom, where the first bottom is more rounded and the second bottom is more of a sharp "V" shape. The buy volume picked up really well especially after the hammer candle stick that occurred on the second bottom, and there is really a strong daily bullish divergence occurring in the RSI. However, a divergence does not always mean that the trend is over, and it may pick up in the bearish direction, the weekly RSI still looks extremely weak and it as well as bitcoin may hold Litecoin's price down. The confirmation line is around 68 which means that the price would have to cross that on extremely high volume to indicate a change in market direction. 2.) Litecoin may also get rejected at the orange trendline, which is the second trendline of my second fan principle that I have created for litecoin. At this point I do believe that it is possible to see three different fans occurring. In addition when litecoin hit 50, it did not hold its ground so well despite being such a strong support which does indicate weakness. 3.) Finally bitcoin's dominance is increasing, and during a bear market like this, it can signal both a flight to safety and people exiting the market, so an analysis of these alt coins even the top ones, may not always indicate market direction especially since they have less than 50% market dominance.
COINBASE:LTCUSD
by CuddlyCuddles
LTC NEEDS BUYING SUPPORT. LTC has broken out of the corrective triangle it was stuck in, and is now formed a short-term double bottom above the triangles top line. This normally indicates a break in trend, along with the completion of the abcde pattern. With some additional buying volume, ltc needs to push passed the $66 price level in order to test higher resistance levels around $76. With potential engulfing on today’s candlestick, we can look for another retest of the top trend line of the triangle before another push forward. LTC has been above the 125 EMA for the last 4 days, if the top triangle line is broken as support, look for a bounce on the 125 EMA. Please ignore the bottom indicator, it is simply used for BTC charting. This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading. LTC current price 65.48 COMPLETED 4:50PM LOS ANGELES
BITFINEX:LTCUSD
by cmorak2