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Litecoinforecast

Litecoin 50% Fib sell off as expected. Next 61.8?Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend. This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels represent 1 to 100 % and each level in between creates reaction. In this case, in crypto especially we see that when the markets recover from a deep low, that algos tend to sell each and every touch of such a FIB level up until the 61.8%. Once we break the 61.8, and we RETEST on the upper side of the 61.8% line, algo s tend to BUY again as a resumption of the overall uptrend. Trading these levels can be very rewardin but you need to know what you are doing and set LIMIT orders. Dont sit there watching it thinking, ohw it will blast right trough it. It most often wont. And if it does it will come back down to retest the level it broke and you can still FOMO in if you cant handle your emotions. so have we seen the bottom? Yeah on Litecoin i m pretty sure, last sell off on BTC Made litecoin create a double bottom and not a lower low telling us litecoin is holding up strong compared to Bitcoin. It are great times, the traders market is coming back and we can recover from losses or a quiet time depending what your position is in the market. Watch these levels, hold if you re not comfortable or use stoplosses. But its an easy to understand strategy. Just dont overtrade, trade the major levels only. I trade Altcoins and Bitcoin 6.67% 1.55% 5.23% on these exchanges because they are the most secure, easy to use and lowest fees on the market: Binance: (ALL Altcoins to trade here!) www.binance.com Coinbase: (get up to 10$ free CREDIT if you use this link ;) take care) www.coinbase.com
BITFINEX:LTCUSD
by BTCryptowatch
Litecoin Retrace to $190 then rebound to $230 regionI don't write about Litecoin much or give analysis. But here I'm going to. It is interesting how news of a fork made Litecoin jump when other coins in the same situation didn't, even after Charlie Lee said the fork was a "Scam". Although, I think we are missing the bigger picture. Litecoin has weathered many of the political storms that other coins haven't. Bitcoin itself has its capabilities being questioned. I think there is much utlity in Litecoin and is good for holding without worry about how to use. In short, it is a reliable crypto to depend upon and is underestimated. I see it retracing to $190-$180 level then going forward to $230 target. This is along with general market movement. But Litecoin arguably started this mini rally.
BITFINEX:LTCUSD
by baronbloe
4
Litcoin rally on the horizon?Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit) Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels... I'm projecting a 200% growth on this pair, maybe it won't grow too much on the USD pair so becareful. Once 0.0215 is taken it will go straight to 0.0327 My final target is 0.06 or 0.08 Stop loss should be around 0.016 because that will probably mean we can revisit 0.011 which i doubt by now.
Long
by lomaxrex
1
My thoughts on LTCUnlike BTC and ETH LTC has already formed a double bottom, but that does not mean it cannot go lower, it is always possible that it could. However, between the double bottom formation and $100 being, in my opinion, a very strong support area I would be very surprised if LTC would break below $100 for very long. If by chance I am wrong the $100 level does not hold I would say that $80 would be the next stop. My plan is to rebuild my position in LTC, I have already started buying again, slowly building up my position however if LTC does drop below $100 very far I will start buying aggressively.
BITTREX:LTCUSD
by Bigsky_Crypto
Litecoin Date Forecast and Potential Double Bottom Target - GannIn my last idea I forecast a major low using repeating time and price ranges. The market found support at the critical 50% of range pressure point and rallied strongly to form a potential double bottom. Using balancing of time I have forecast dates to watch as pressure points for minor trend changes. I am predicting the market to fall back to support on the 9th to possibly form a triple bottom. If this eventuates and the market holds we can expect a 200% of the A-B range. This gives a price target of $241. Using Gann's balancing of time, repeating time frames and seasonal time I am forecasting the 15th Feb for this potential setup. I went short at $147 expecting this minor retest but will reverse and go long if the market presents a signal on the 9th at support level. Ian - Aussie Gann Trader
BITFINEX:LTCUSD
by Aussiegann
Litecoin, Waiting for confirmation of uptrend in LTCUSD !!Technical analysis: LITECOIN is in Range bound but Resumption of uptrend is expected. The price touched the strong uptrend line in Daily Chart. It is below the 21-Day WEMA which acts as a dynamic resistance and In the Bollinger Bands buy zone. The RSI is at 38 and is above a RSI support level. Trading suggestion: Price is in the support zone (1.13 to 0.65), traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (1.13) .Ending of entry zone (0.65) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: 1. First target is at 2.24 2. Second target is at 2.73 3. Third target is at 3.00 4. fourth target is at 3.51 5. without target
BITSTAMP:LTCUSDLong
by ForecastCity
7
Litecoin, A great trading opportunity in LTCUSD. Don't miss it!!Trading suggestion: Price is in the support zone (231.76 to 198.04), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of entry zone (231.76) .Ending of entry zone (198.04) Take Profit: TP1= @ 286 TP2= @ 307 TP3= @ 330 TP4= @ 375 TP5= @ Free Technical analysis: .Relative strength index (RSI) is 52. .Current short-term is range bound, but resumption of uptrend is expected.
BITSTAMP:LTCUSDLong
by ForecastCity
4
LTCUSD - Litecoin retesting $100 soonLooks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at them when they see the price rise a little and start shouting 'to the moon'.. only for it to come back down again. It's not that hard to understand, we're in a downtrend, have been for a while now, and it's safe to expect it will continue to go down... all of crypto is completing a massive chart formation - head and shoulders: www.reddit.com
COINBASE:LTCUSDShort
by welliguessso
Keep ready for LTC. UPLTC is trading (consolidating for a while now. We see a bullish flag forming since several weeks now. We are right at the tip of the flag which should in case of a breakout trigger huge upward momentum. A breakout to the downside seems less favorable since we 've been forming higher lows since late december. Any break down would likly create a short lived spike below the trendline recovering quickly with big buy orders. Projected target upside is 161% fib level with about 600 USD. (almost triple from current) Position yourself in LTC now, any buy below 300 usd looks like a good deal to me (compare ltc to Etheriums and others and see how undervaleud Litecoin is). I usually make no predictions value wise but LTC should (could) theoretically be worth 1/4th of Bitcoin. Do the math and see the opportunity :) Good luck, trade safe.
COINBASE:LTCUSDLong
by BTCryptowatch
If price of LTC doesn't hold 250 price / Interesting AltCoins...This shows us that if LTC doesn't hold above 250, it will create a high that is lower than previous in the 300's. But on indicators, the 300's high is lower than the 250... So if the price doesn't hold above 250 in the next hours / days, the price will have to follow a hidden bearish divergence. Which will crash the price to the 200's. I am moving to alt coins right now. Utrust Ethos No Limit coin Quantstamp Those seem to be great projects (with working products for some of them). They are getting a lot of attention recently. Utrust and Ethos are playing a good role in User Experience for the crypto fans, and that can only play in our favors as it will bring new money as it gets easier and easier to use. Also use cases are appearing little by little with no limit coins, and Quantstamp playing a role in smart contract security. I think those will be my 2018 investments...
COINBASE:LTCUSDShort
by Tradingdeed
Price Prediction For LitecoinPrice Prediction For LTC BTC Trading Pair. This is the 1-Day Trending Chart for Investors. Here I am talking about "cyclic patterns", which means averages like to oscillate above and below each other at a frequency. To better see this, scroll back in time. 1) You''ll notice the MA 50 oscillates above, and then below the MA 200. 2) You'll notice the EMA 15 always oscillates above, and then below the MA 50. Having said... In the short-term, the cyclic nature indictates the next cycle of the EMA 5 10 15 will cycle down and cross the MA 50 (as the MA 50 comes up). So, expect LTC price to drop in the short-term. In the intermediate-term, the cyclic nature indicates the MA 50 will cross the MA 200, which is a Golden Cross. Our last Golden Cross was on April 13, 2017. Our last Death Cross was about six months later on October 16, 2017. The cyclic nature calls for the next cross to be a Golden Cross. However, we don't yet know how long we should expect a Death Cross to last. It's only been 2 months so far, anticipate just under 1 month left (early-mid Jan 2018). But sooner or later, the MA 50 will cross the MA 200. Entry Points 1. The best Entry Point would've been when the EMA 5 10 15 began to slope upward 2. The next best entry point would've been when the EMA 15 crossed the MA 50 3. The next Entry point was when the EMA 15 crossed the MA 200 Exit Points 1. The best exit point would've been December 13. The price position was too far from the EMA 15, and the RSI was way overbought. Sell!!! 2. The next best exit point is now. Start thinking about exiting, as the EMA 5 10 15 are going to start sloping downward in the next few days 3. The next Exit indicator would be when future EMA 15 crosses below the MA 50, or MA 200, whichever is first. Shortly thereafter, begin to look for an Entry Point. When you see the bottom of the future EMA 5 10 15 cycle, BUY. Then you can hold for months and watch your investment soar! Maybe this is why Charlie Lee sold all his Litecoin, he simply knows a downtrend is coming. I hate to see it go down, but such is the cycle of a crypto life. Ups...down...up...down. I'd be very interested to hear what others have to say about this, if this assessment is correct.
Short
by Malstryfe
Strong Ascending Triangle - LTC poised to make another big run!If you have a position in LTC, this should excite you! LTC is charting a strong ascending triangle, signaling that it is poised to make another bullish run upward. You can see that a strong price support has been formed over the past week in the $330-$340 range. You can also see a tightening of the price fluctuations, another sign that a breakout is imminent. If you regret missing out the last major leap in LTC value last week, this may be your shot at redemption. Especially with money flowing out of BTC today, look for the breakout to begin in the next 1-3 days. If LTC can break $400 by Christmas, hold on for a slight emotional pull pullback before vaulting to $500 by New Years. *Please note that this is for entertainment purposes only, and should not be viewed as financial advice. Do your own research before investing in anything, cryptocurrency or otherwise.
BITSTAMP:LTCUSDLong
by Paper_is_Poverty
3