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LTCUSD - More Upside In Short-Term To Follow?!Good evening Traders, After I got stopped out at my previous trade in LTCUSD. Here is an update on the chart. Obviously, losing is a part of trading. However, my view still remains the same. I am expecting more upside as long as it stays above 130.761. The arrows drawn in the chart represents my view. It can go to the 50% Fibonacci retracement from the peak. Let's see. Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:LTCUSDLong
by TradeFxTrends
Litecoin (LTCUSD) bears are lurking: 4hr tf wave analysisMy previous post for Litecoin (LTCUSD) can be found here: Price of Litecoin (LTCUSD) is currently holding just above support 1 (between ~$133.49 and ~$131.31) indicated in the previous post and also shown here. Price swing from ~ $180.18 on May 6, 2018 to ~$134.40 on May 12, 2018 is identified in this analysis as a W-X-Y (double zigzag) Elliott wave structure. The implication of the above is that Litecoin (LTCUSD) should continue to sell off once the current correction is complete as indicated by the by the blue arrow. The current corrective move in Litecoin (LTCUSD) is assumed at the time of this post to be shaping up as a regular flat Elliott wave structure. The target area for Litecoin before a sell off is anticipated is shown by the horizontal green lines. Price labels have been put beside each line to indicate its value. Sell off would be expected to at least break below support 2. The point of invalidation (POI) of this analysis is ~$168.00 at which point wave C of the regular flat would have moved ~200% of wave A which is unacceptable.
BITFINEX:LTCUSDShort
by Coin_Analyst
LTC get your S**t together !HADOUKEN Traders...and entusiast, I am The Real Johny Button !... hated by press and loved by the haters! Lets look at my opinion on LTC today: The market cap has made a pull back bellow 400b after reaching a recent high over 450b. That has reflected across the entire market that i follow. So I like these situations! This means that i can make money CHA CHING LTC has a lower support line shown on the visual above in Pink. I am thinking it may tag this for a 3rd time, but as we have it now, the price has reach the strong fib level of 38% and could hang there for all I know... Now the MACD has made 1 and a half down moves...I am waiting for a 3rd down move before i ever consider it bouncing up. I would be trading in at the end of the 3rd MACD wave alongside with other indicators at that point in time...but thats a while away. So my scenarios at the moment are this: its still coming down...i want it to clearly break the current fib level, and tag the lower support. note: Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me. I also have bad grammar, and i have offended goldman sachs mail room workers in the past...to this i am sorry Regards, Johny Button
BITFINEX:LTCUSD
by johny_button
Litecoin - Head And Shoulders In Progress!?Hello Traders, LTCUSD is currently in a consolidation between 166.60 and 142. At this moment in time, I am expecting a move lower to the areas of around 131.70. You can see the chart LTCUSD is forming a possible head and shoulders pattern. As you know, a head and shoulders pattern is trend reversal pattern. In this case, it can reverse the uptrend from 2018-04-01, lower. The head and shoulders target is measured by taking the length of the head projected to the downside. This would bring LTCUSD to around 131.70 IF the pattern gets confirmed. As long as the pattern does not break the neckline, it still can deny the pattern and move higher. As long as the market stays below 157.345 which is the invalidation zone of the right shoulder, I am expecting the pattern to get denied. However, at this stage I am expecting the pattern to get confirmed by breaking lower may during this week or so. 2 possibilities: - First one is the black one, this is my main view (drawn in the chart) we could see a short-term pullback to confirm the pattern and move lower before a bounce can be taken place - Or the second one (orange line) it denies the trend reversion pattern and moves higher without going to the target of the head and shoulders pattern. Conclusion: Short-term I am expecting a move lower but in the midterm, I am expecting LTCUSD to rally. Let's see. This view will be invalid once it breaks 157.95 support Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:LTCUSDShort
by TradeFxTrends
4
Litecoin volatile betwn 140 and 220 Long or short above or underThis looks like an interesting moment to buy Litecoin ! I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge! Interesting coins, which I am looking to buy: - Litecoin - EOS - QASH - Bitcoin-Gold Do you have some good tips for crypto coins? let me know! ------------------------------------------------------------------------------------------------------------------------------------------- My strategy My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. How do I decide to open a position or not? First I analyse: - Sentiment on the market - Own created indicators - Moving-averages and Bollinger-Bands Trading means investing. Sometimes you lose more than you win in the beginning of a period! Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:LTCUSD
by Rich_Exclusive_Trading
1
LTC USD - Same situation as BTC Morning traders! Let's see the litecoin today! Looks like in daily timeframe that has been able to break EMA 200 but now EMA 100 acting as resistance. The same thing is happening in BTC USD , might happen a retracement of the price and then a breakout of the EMA 100 in daily with a strong candle that close above of it or another scenario might be that the price start to move into a sideways range between 110 usd and 160 usd zone and then waiting for a breakout of this rectangle. Let's wait and see . Have a nice day traders!
KRAKEN:LTCUSD
by maro9392
Litecoin Elliott wave analysis: 4 hr tfPrice action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend. Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.
BITFINEX:LTCUSD
by Coin_Analyst
3
LiteCoin Set ups to look for.3 Litecoin Setups to look for. 1. Buy stop above this $155 area for a move to 185 area 2. After it fully moves up to 185 area, buy on the retest on 155 3. Buy on a retest of this $130 area. The one I like the best is buying on a retest of this $130 area for a move back to the upside as I think it's over extended right now. if you are in LTC right now, throw a stop on it to make sure you lock in those profits. But those are the set ups I am looking at. Happy Trading, Sherem
BITSTAMP:LTCUSDLong
by Sherem
Cryptocurrency Update - YEAR OF THE HODLER During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week. Due to news releases in both lite coin(LTC) and ripple (XRP), LTC - Bringing out Litepay via visa debit, allowing LTC holders to spend there cryptocurrency anywhere in the world using there lite coin visa debit card will incease popularity worldwide and make the currency more accepted and integrated in the future. Ripple - Having teamed up with banks such as Barclays, in integrating a blockchain international system the future is looking good for this cheaper crypto coin, Unusual as it is for banks to try and integrate cryptocurrency into there everyday business, usually condemning them as "bubbles" and "nothing coins" due to there being no easy way to regulate said currency's such as Bitcoin -0.34% and lite coin, Ripple is very much different therefore in the future I believe the future for ripple is one of the most promising of all crypto.
BITFINEX:LTCUSDLong
by lukegreen439
LTC Bullish Ascending Triangle (Educational) Signals for an 'Ascending Triangle' -On an uptrend, pausing for period of consolidation (Yes) -Minimum of two reaction highs and two reaction lows (Yes) -RSI no bearish divergence (Yes) How to trade: The price target is most likely the entry price + height of the triangle. Buy in: -Upon confirmation (2nd reaction low) buy in Sell points: -0.017779 (Entry price + height of triangle) It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite. Please criticize my TA's so I can improve. See you in the next chart :).
by HD1184K
2
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EShort
by MegalodonTrading
6
LTC long term investment. How to trade x/BTC pairs now.Alright. BTC is plunging so average holder of this coin would like to accumulate as much BTC as he could in case of BTC's future rallies. I strongly believe that crypto space is the future of world's tech pool, but now blind longs don't make sense. Hopefully, We will get all of these coins at cheap prices once again. It sounds unbelievable, how it even works. I do not advice to hold any coin right now, but If You play long term there You should look for good short and collect BTC. LTC/BTC short will bring profits, but it will be slow and draining process. I expect meeting with 0.008 once again. Fiboncacci floors as profit taking areas. Entry: 0.0171 Stop loss: 0.0185 ( every SMA 20 crossing should activate 'red button' alert, where stronger tick would trigger it ) I do not trade alts versus BTC right now, this post has been created for traders that are in doubt sitting on bunch of BTC without a purpose.
Short
by pinfkloyd
3
LITECOIN Breakout Downside 66 Area Upside Capped at RedlineLTCUSD is holding 110 Area as an interim bottom for now. Will this be final Bottom ? or it will continue on the down side ? Here are the Levels where it can potentially go on Downside Break. On the Upside the Redline will stop it in the interim if it breaks out of the GREY Zone. Whats the Trade here ? Unless we breakout from the GREY Zone the OUTLOOK is Neutral with bearish bias. SELL Can be considered around 156-159 Area BUY can be considered if we break on the upside. Will post updated Entry levels when we see some clarity. Potential for downside to 66 Area is real if BTC breaks its range on downside.
BITFINEX:LTCUSD
by TradingRoomApp
Litecoin Daily Chart... Weakness for sureBeing completely objective with the chart here but LTCUSD looks horrible in comparison to the other crypto charts. BTC, ETH and a ton of shitcoins have all broken out of the multi month downtrend channel that started back at the all time highs. Most have had bullish MACD crosses and are above or at least challenging their 50/200 DMA. Can't say anything like that is present in the current LTC charts. Still below both the 50 and 200 DMA, which is also weaker than most of the other crypto charts. This descending triangle looks and feels like it might break to the downside here and we'll see $100 LTC again. You can make a bullish case that this is the 4th time LTC has touched the breakout point in the triangle, it's due to bust out..... maybe... but where is it? It should have happened already. If LTC doesn't pop out of this triangle soon, It's most likely going lower. I guess if you had to make a bullish case for LTC and say that in the recent downtrend, it never had a death cross (200 DMA crossing below the 50 DMA). You could possibly show that LTC did hold up better during bearish phases in the past. I agree that many times LTC does display relative strength when the overall crypto markets get in trouble. Bottom line, needs to bust out of this downtrend channel... like BTC and many other cryptos have done. LTC is late to the crypto rally and has the weakest chart out of the top tier cryptos. What do you think? Please let me know below?
BITFINEX:LTCUSD
by themuzzman
4