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Litecoinforecast

Litecoin Outperforms Bitcoin.Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy. Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained. At the time of writing, the correction continues and the sellers are clearly going for $125. We described the further goals for the bears yesterday- they are $110 and $100 in case Bitcoin moves toward $6,000. A temporary stop will be made at $120. No matter how hard the Litecoin community is trying, the asset does not look like an attractive investment yet. Check my detailed analysis HERE .
BITFINEX:LTCUSD
by CryptoComes
Bounce Hunting these lows- LTCWe hit our bottom $115 line for a bounce and it's testing this area again. When litepay was suddenly canceled, the sentiment for litecoin went from bad to worse. I won't go into to much of the fundamentals of it, but if you are trading litecoin, it pays to be even more cautious while trading it. BTC is really the driver and if we get a retest of these lows in BTC, we could see litecoin dip to the $100 area. Why we should (this is the key word, nothing is guaranteed) have a bounce. 1. Look at RSI historically and match it up with these previous low points. It's been a good indicator of getting a solid bounce. 2. MACD is waiting to cross over for a move to the upside. This would be a confirming upside indicator 3. This area above $100 is a MAJOR pshycological support level. I would look to this area for support. It is possible we will go sub $100 before we get a bounce. Look to BTC and how it fares with this 6k low to determine where LTC will bounce. It looks like they are going to coincide very well, with LTC hitting just above this $100 area right around when BTC hits this 6k low. It could bounce sooner. You can either wait for confirmation or start laddering some buys in! Happy Trading. Don't stree, pick your points, and don't use leverage! -Sherem
BITSTAMP:LTCUSDLong
by Sherem
1
LTC back to $40 - $60?The image explains itself. Although it’s in euros, the behaviour is the same. I have to say I haven’t got any LTC and not planning to buy anything, so I’m not biased at all. It’s just an idea of what it could happen to LTC. Take your own risk when investing. I’m not responsible of your actions. As you can see in the previous pump that I have circled in red, everything that goes up, has to go down, and I’ve seen a lot of posts saying it will going up. To be honest, it’s a possibility, but use your common sense and don’t think it’s always going up, since it has to go down one day and “land” again. Once it “lands”, it has to run through the “runway” to go up again. That said, I think it will go down, touch the bottom after some small or acceptable pumps, and wait for people’s fear to stabilise. It’s a correction, but not the end. Again, trade at your own risk. I will not be responsible of your actions.
by Andbcoin
12
Taking us higher, highhhherr! LTCMy last post laid out a pretty clear strategy to pick up some LTC as it dipped down. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. While my positions aren't as good as ETH, I still have a solid position in LTC that is profitable right now. The first thing we need to realize is that we are in an overall bear market. Besides the spike down, maybe more evidenced by the cross in the weekly MACD. Could this be the bottom? Quite possible. We broke the major down trendline last time and we made a higher low and are starting to get a solid push to the upside. We are also kind of breaking this trendline at the moment of writing this, but nothing is confirmed quite yet If it doesn't turn or stall right now, I think we are going to the 190-200 area at least before we get any sort of retrace or sign it's going to continue downward. it also happens that the 50 fib retracement coincides with the 190-200 area for a resistance point. We should get a retrace once we get up there. Keep an eye on this level and this 190-200 area. Happy Trading everyone. Don't stress, pick your points and don't use leverage. -Sherem Check out my last call with how I entered into LTC -
BITSTAMP:LTCUSDLong
by Sherem
1
LTC formed symmetrical triangle on daily? $470 to $500 potentialLTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500. The following conditions have been met for the symmetrical triangle. 1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3 points on each side. 3. We can see the volume reducing 4. The triangle has a duration of 3 months 5. The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. 6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $470 to $500 to be achieved. On the whole market is looking positive and news is positive from G20. The G20 summit is still going on till end of the day. As long as there are no negative news, a breakout to the upside is highly likely. 7. We are still waiting on the breakout confirmation. Let's wait and see where the breakout occurs. I am leaning towards the upside. Any feedback and comments welcome. Still on the path of learning technical analysis. These are just my opinion. DYOR before using anyone's opinion for trading.
BITFINEX:LTCUSDLong
by GBBBKSA
3
LTC/USD - One of 2x Possible ScenariosSloppy H & S formation on the daily, but nonetheless, an H & S. (** Edit - Excuse the Placement of the R shoulder label, a little too far right) From how I'm seeing it, 1 of 2 things can pan out - we face a small bounce again at the 142 mark, or it can break past that level and perhaps have a stronger more significant bounce* at the 101 mark. *Note - None of these forecasts are suggesting a major trend reversal, which continues to remain uncertain, as the general trend has been very bearish since the start of 2018 (as indicated by the red descending distal line). 2017 holders (HODL'ers) have been losing some serious cash in these markets!
BITSTAMP:LTCUSD
by GregoryMichelson
LTC -I identified this recent top - Now, the slow march down LTCThe thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point. Technically here are some major bearish indicators on the daily chart: 1. RSI is negative and no signs of divergence or bottoming 2. Overall down trend. 3. MACD just turned down and going into negative territory On the smaller time frames, things are starting to fall in line for a down move which means we will get a further push to the down side. As i am writing this, LTC is breaking this short term trend line, which would indicate a fall to at least 167 area. At this point, I will be playing any bounces as they move down. I would look for a minor bounce at these recent lows at 167 and serious support at the 150 area. I will not be putting buys in at 167 as I feel the bounce off of there will be minimal. I will be looking to put buys in just above 150 and in the 110-120 area. I have outlined what I think is the highest probability move at this point. As always, MAKE SURE YOU MARTINGALE your buys. If this thing starts running you want to be able to have options to buy in lower. Read up on the strategy if you have not already. We already made some scalps while this thing has been moving down. Don't stress, don't use leverage and pick your points!! -Sherem My call identifying the LTC top - Longer post identifying the buy zones -
BITSTAMP:LTCUSDShort
by Sherem
Litecoin - The Quest of the Ascending TriangleLooking at the BIG PICTURE and the long term for LTCBTC we can see this beautiful ascending triangle we have been forming since early December 2017. I have two lines on the upward slope indicating 2 possible scenarios for this to fulfill. Currently as we speak the DMI is oh so close to touching but the + is still on top. The ADX is above our signal line showing strong support of the trend, and the RSI is still holding on my upward line showing we are still seeing higher lows. Keep in mind, this is LTC/BTC. So not to confuse anyone, but we can drop on this chart and the price of LTCBTC can still go up in dollars, all because of the price of Bitcoin. This shows growth with Bitcoin and how Litecoin reacts with it. Currently Bitcoin is going up and LTC is staying around the $185 - $190 mark and that is why on this chart we are dropping. (or vice versa, if Bitcoin price falls and Litecoin stay roughly the same price we will still Litecoin go up on this chart) This can be used as a good indication as to how Litecoin will react to Bitcoin and shows when we reach a certain level we can expect/ anticipate/ predict/ forecast/ etc. what could happen next. We need to see LTCBTC bounce off the support here and see the Directional Movement stay as it is and NOT cross. This will help show strength in Litecoin and we should then begin to see stronger price movement perhaps back up above the $200 mark. Thank you for taking the time to read! IF I get 15 likes I will post an update! Happy Trading :) Much Love DustyPH *all comments are welcome* ***This information is not a recommendation to buy or sell***
Long
by dustyPH