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Litecoinforecast

Litecoin looking to march down!Now that the 190 level has fallen, we should see it move down further to at least 150. My entry point of 171 was barely missed and it has bounced off that area pretty well. I am going to be moving my buy just slightly down in the high 160's since it most likely going to push through this 170 level at this juncture. I would imagine that we will get a strong bounce off the 150 area up to the 170 area, where I will look to take some profit if it does that. My last major area to watch is just above $100. If we start bottoming out it should happen just above around $110-120. This will be a good place to play for a bounce and potentially a longer term play to the upside. As always, make sure you use a Martingale strategy to go into this points if we get sharp drops. Technically, we have a strong MACD cross on the day chart and RSI looking grim. On this 4 hour, we have MACD in negative territory and some RSI divergence which is keeping it up a bit. When the next wave hits, we will most likely see a move further down past this 170 level. Martingale your points in, don't stress, don't use leverage and pick your points! Happy Trading! -Sherem Check out my last analysis on LTC - Longer post - Shorter -
BITSTAMP:LTCUSDShort
by Sherem
3
Quantamize Machine Learning Crypto Signal Litecoin 3/9Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/9. We will be updating and producing more signals today and posting performance as well - stay tuned! Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%. Any updates to this 3-Day forecast will be shared, as signals are re-run daily. We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
COINBASE:LTCUSDLong
by Quantamize
Quantamize Machine Learning Crypto Signal Litecoin 3/8Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/8. We will be updating and producing more signals today and posting performance as well - stay tuned! Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%. Any updates to this 3-Day forecast will be shared, as signals are re-run daily. We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google 1.37% 1.37% us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
BITFINEX:LTCUSDLong
by Quantamize
3
Quantamize Machine Learning Crypto Signal 3/7 Litecoin UpdateQuantamize proprietary Machine Learning algorithms have generated a 3-day "Don't Own" signal for Litecoin as of 3/7. We will be updating and producing more signals today and posting performance as well - stay tuned! Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%. Any updates to this 3-Day forecast will be shared, as signals are re-run daily. We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
BITFINEX:LTCUSD
by Quantamize
5
Breaking through support! LTCUSDWe have broken the ascending wedge from my previous post which is a good indicator we are going to move down. My posts before that still remained bearish for the most part on LTC. Once we get a confirming break of the 190 level, i think a retest of this $100 area is entirely possible. In a bear market, no better trade strategy then using the martingale strategy! I will be looking to buy at the 170 area, 150 and finally right around 110. The idea being is, you go in with a small percentage at 170, say 10-20%, as the market bounces from 170 to 190 to move back down, we would make that difference and you then have the option to put those buys back on or not. As the market continues down, our average prices will get lower and lower and we'll be able to take advantage of those falling prices as well. Works really well in these markets. Happy Trading! -Sherem
BITSTAMP:LTCUSDShort
by Sherem
Going down down baby, your street with LTC! (PT. 2)Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we can see we are producing lower lows and still trending in an upward motion while the price continues to drop. This can signal a bullish divergence when the RSI is holding above it's prior low while the price is moving to new lows. These tend to be more robust after an oversold reading which is what we saw on 3/2 on the RSI chart. SO, by looking and analyzing the DMI and the RSI we can see that even though the price is dropping at the moment we are still showing signs of strength, and our support line is holding. IF LTCBTC were to fall below this support line we could head south quick, but if we hold here we could see a nice bounce back up to the next support/ resistance line of around .0195. Also, keep an eye on the RSI, if we fall below our most recent low or below the trend line this could be a bearish signal as well. If you wanted to take the risk you could buy with setting a stop loss just below the support line. However, waiting to see if we can break above the support or below to confirm which direction we are headed is ultimately be the best move for now. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell***
Long
by dustyPH
1
LTCUSD moving towards Yellow Support ZoneLTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and Blue trendline. We will be loading our BUYs around that area if LTC finds a support in that region.
COINBASE:LTCUSD
by TradingRoomApp
How to juggle firesaws and not stress!! LTC - Litecoin If you follow me, you know that I am not about looking into the "crystal ball" and seeing what could be. A lot of people say, here is a glimpse into the future! Really cute, it really is. That's how you lose a lot of money as a TRADER (If you are a long term investor, that's an entirely different ball of wax). As a TRADER, I look at what the charts are telling me currently and go off of that to look for high probability trades. IT'S NOT ABOUT BEING RIGHT . It's about taking high probability trades that can lead to profit and minimizing trades that go against us. Right now, I don't see anything manifesting itself with a high probability that can be profitable. Could the market move up? Absolutely. And I am fine with that. I would rather be out of the market than in a losing trade any day of the week. I don't want to stress over why the market isn't going up on a daily basis, it's just not worth it. I look for reasons to make me comfortable with a buy FOR ME . And you need to do the same. I am simply not comfortable at this juncture entering in just for the sake of doing so. Here are some possibilities: 1. LTC breaks to the upside after forming this ascending wedge pattern. 2. LTC confirms this double top and breaks down. Both of these are entirely possible in my opinion, but i don't know what's going to happen so I wait I will sit on my hands and wait for more patterns to form. If it breaks to the upside, great! If it breaks down, great! We can be prepared if it breaks down and we can wait for a better entry point if it breaks up. Here are a few reasons why I am not in LTC right now: 1. The advent of litepay sent litecoin up a lot. But there has been no follow through. 2. (I am using Coinbase's chart because whether you like it or not, they do the most Fiat to crypto volume, it just is what it is)Volume: Because there has been no follow up and no price push upwards, why should it go higher? Look at the volume the last 2 major times this thing spiked. It then goes in a lull for an extended period of time and the market moves down or sideways. Not up in a significant way. 3. That ascending wedge does not give me confidence that we are going up to $300 in a low volume market. Could it? Sure. But it's not worth the risk for me right now. 4. Are we just in a simple Double top formation? I will be putting martingale orders in starting at the 170 area all the way down to the 115 area for the time being. (Read up on the martingale patterns if you haven't!!!!) Unless a pattern forms otherwise, there is no reason for me to enter into the market at this juncture. Don't stress, make sure you are comfortable with the trades that YOU CHOOSE. If you are getting stressed out, you didn't work out your plan enough. -Sherem
COINBASE:LTCUSD
by Sherem
2
LTCUSD - Moving sideways looking for directionPosition: Bearish Neutral - Waiting to see what happens LTC has had an interesting run this past week. It has had a lot of solid moves on the LTC/BTC cross with a substantial move up. What could be the trigger down is everyone trading the LTC/BTC/ETH crosses and looing to realize those gains by moving to USD. Maybe that will cause the trigger? What it has done, is it's proven it's going to be in either a sideways market or an uptrend. Right now, we have been getting some sideways price action. I will be looking to buy dips. The real question will be how far these dips go. I would love for it to go down to the 115 mark to go in heavy. But it's getting hard to say if this will even make it down that far. The 190 and 170 level both have support, probably the 170 has more than the 190. With no direction, the only immediate trend I see on the horizon is a break of that small blue upward trend line which would lead it down to the 190 support point. This might ratify a further move down, but we'll have to see what it does, if and when it gets there. -Sherem
BITSTAMP:LTCUSD
by Sherem
2
Can LTC find new highs?!?Yes, another post on LTCBTC ! Just wanted to get this out to show what we are seeing on the STOCH RSI, RSI, and CCI on a 4 hour mark. All 3 are beginning to fall which could show signs of weakness and being oversold. We have had another rally but could not reach the previous most recent high of .02490. We topped out around .02381 and we have started to fall again. We could see LTCBTC fall back to test the green uptrend channel around .02000 or even touch the support line again around .01947 - .01975. If it hold this and bounces off the support we could see another rally up and I expect to break the resistance line and find a new high, IF it were to fall below we could see a fall back to the second support line. ALSO, today is supposed to be the release of LITEPAY, should make for an interesting day! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
3
Who's down with LTC (yeah you know me)Looking at the latest ups and downs of LTCBTC over the past week we can still see it looks as though the support zone that was identified in my last analysis is standing. In this chart we can see 3 support levels and 3 resistance levels that have been identified. Definitely seeing mixed signals as to which direction it will go but lets keep a close eye to see if it we will keep the support level we have currently. Not that it means anything... but, I find it interesting that where the small downtrend channel meets and intersects the current support line is on the 26th which is the day LitePay comes out! Coincidence?? Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days) Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold. Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction." Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH