Litecoin going downIn the 4h chart it's clear a bearish flag, with LTC price that will probably touch the 100 EMA in the same zone of 61.8 Fibonacci retracement. Good coincidence, isn't it?
This is the overall picture.
If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
Litecoinforecast
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.
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 -
Bullish flag forming on Litecoin Hourly. Target $190Bullish flag has formed on the LTC hourly chart. Target is between $185 to $190. $190 would match nicely with the end of wave 3 that I have on the chart and at around 0.5 fib levels.
Litecoin (1.35% as of writing) has had higher growth today compared to bitcoin (0.37% as of writing). Looks like the market is strongly behind LTC.
Litecoin to 165/175 if Bitcoin reaches $9kLTC is looking bullish right now on the 4 hour chart. MACD has crossed over as well.
The good news from the G20 summit has had a positive impact on the price of BTC. BTC looks like it is forming a bull flag. If confirmed, the price should reach $9k.
If so, LTC should comfortably reach 165 to 175 since LTC's price action relies on BTC price.
Just my opinion. DYOR before acting on any opinion.
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.
LTC Bullish 165 to 175 range if BTC reaches 9kLTC is looking bullish right now on the 4h chart especially as BTC seems to be recovering.
Positive news from G20 summit has so far had a good impact. BTC seems to be forming a bullish flag on the 1 hour chart and should hit 9k if the flag is confirmed.
If this is the case, LTC should comfortably get to the 165 to 175 range.
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!
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 -
LTC KRW trend upLTC KRW still within trend consolidating nicely. looking more bullish as it consolidates.
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***
LTDUSD: LITECOIN Decision PointThe LTCUSD price is at the key support level at 186; this is a decision point where buyers or sellers will get control of the price. We have seen that the price respected that level twice already (green arrows) and left the long shadows. However, the buyers could not manage to push the price up much. If the price breaks that structure then, it is more likely that LTC will fall.
ltcusd is loading for pump upas we can see. the market broken down the correction down with some impulsive moves.if you missed to buy at the lowest.you can enter using your own strategy to enter.this is going to break the flag is busy forming right now ltcusd first target should be the new higher price .
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 -
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.
Wishful ThinkingMy hopeful guess on the move Litecoin will make in the upcoming days. At this dark phase in the crypto market, I am hoping that Litepay and its functionality may save good old LTC. Only time will tell!
*This is no way in hell trading advice....its a prayer....a shot in the dark. Anyone that tells you they know what is happening or whats in our future with a market like this is FOS
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.