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Litecoinforecast

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
Litecoin drops again and further to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Litecoin Is being rejected by important resistance levels!! Looks like we are heading back down again BITFINEX:LTCUSD is down by more than 91% over the past 12 months!!. Litecoin has been rejected by the 33.800 level and If it drops below the 200 MVA, we are looking for another significant drop to the @23.200 level, thats another 30% wow! From my experience stay on the sidelines or short sell!! Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Update idea
BITFINEX:LTCUSDShort
by SMPTrader
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