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...
Litecoinforecast
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.
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.
Bullish Flag on Litecoin Buy signal around 250 Dollar ( 220Eur) Litecoin technical analysis for December 16 2017.
The bullish flag has been forming since a few days now after a very strong uptrend on litecoin.
Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to revisit the lower trendline to gain momentum and jump up from there breaking out higher. The revisiting of the lower trendline of the bullish flag also confirms the touch of the 38.2 Fib retracementlevel which has reacted strongly before with a bug bullish candle. A second attempt increases the chance of it breaking out to the upside towards 370 and 400 levels.
Possible break upwards without the above described decline is also possible but less favorable for entry at these high levels in the event of the formation of a double top.
Be carefull using limit orders since all exchanges on crypto s show different price levels.
BUY SIGNALS:
buy around 210 tot 225 eur levels,
255 to 265 Dollar levels.
LTC Forming a Flag PatternLTC has had an incredible run the last two days and I am really tempted to buy more but I have decided to be patient. It is possible LTC could breakout above the upper trendline and continue higher, but I am going to wait to see if LTC will pullback and possibly re-test support in the $135 area. If it does I will be ready to buy, I believe it is worth the risk that LTC will breakout higher for the chance to buy more well below where it is now.
LTC price will drop according to Tom Demark countTom Demark count gave a red 2 on the daily chart. This is a clear sell signal. Moving average convergence divergence also confirms this.
I expect LTC bear trend to continue up to 6 more days till we reach red 9.
Scenario1: Price will drop till 86.692 (fib 0.382) and bounce from there.
Scenario2: Price will drop till 80.566 (fib 0.5) and bounce from there.
Conservative Trading idea:
Short at: 95.5
Take profit: 87
Stop loss: 104
Aggresive Trading Idea:
Short at 95.5
Take profit: 81
Stop Loss: 107
Story of how I panicked sold like a bitch + LTC Predictions (: Man what a crazy night. Definitely a lot of FOMO and FUD. It was a humbling experience especially when I broke my personal trading rules. I didn't step away from the computer and I let my emotions take control. I did cut my losses which I was prepared to do and 100% did not regret the decisions, but I realized I could have mitigated the amount if I reacted with conviction and surety. Then I did the worst thing any trader can do... I chased the market. There was a lot of price manipulation going on last night. I had buy orders back in at $68...I saw the market spike back to $70... saw that ETH wasn't dipping at all and I bought in.....BOOM two seconds later market dropped back down to $68. Sold at another loss....only to have the market recover...
The group chats had a great conversation about learning to trade without emotions. How some of them stepped away from the screen when they saw the panic starting to hit and went to eat a nice dinner. Came back and viola market recovered and all is well. While i stood at my screen semi raging at my own stupidity :P I drank some beer, played CSGO & PUBG and ended the night hanging with friends and a tough lesson learned .... cost me $3,000. OUCH (Still more than I learned in college, haha JK).Learning to streamline your efficiency as a trader involves getting a strong grasp of your emotional control and risk management. Yesterday I got a BIG FAT F in both departments. Thankfully I recovered most of the losses this morning.
I decided to update my TA's and when I looked at the original chart I posted last week i seriously felt like a big ding dong. The market has been following my predictions fairly closely and I threw away my hours of analysis and supporting evidence just because a couple pennies moved. Yes, we have to remain agile in such a volatile market such as crypto...but we also have to stick to our guns. I do not regret the mistakes I made yesterday, but i realized I could have handled the situation better. Hopefully, I am not the only to have experienced this.
Price Predictions:
Several things can happen here. We still have a strong support between $70-67 range. We can expect consolidation and buildup here. It has been bot actions and low volume for the past week. ETH and BTC are hitting ATH and little bro LTC is feeling underappreciated. Is he the middle brother Ball brother??? LOOL Let's hope not. Personally, I think LTC will get its rise to fame. We haven't hit the volume and stride we needed, but I thinnk we are almost there. This has been a very resilient little coin and has been on an overall uptrend. It continues to break barriers at every turn when people just want to give up. Holidays are coming up...and I know this little coin will do well. I am setting my sell points at $75 - 80 for the next three weeks.
Great buy in points are $69-65. Even lower if BTC falls off its ATH. I can expect a quick recovery for ALTs affected and a bounce back.
Resistance for LTC stands at the $72.5-75 mark. If we can get volumes like we did last week to break the $66 TP, we are golden poney boy.
Again....to qualm the storms of those who own cryptos and LTC. One day we are going to look back when LTC was priced at $70 and wished we bought some more. Let us start looking big picture and expand beyond the day trading mentality (you can still make $$$$ DT LTC). In the month of November, we moved from $50-70. That's a big step for LTC.This baby is going to $100-200 next year. It is only a matter of time. Soooooooooooooooooooo dont be a dumbass like me. Stick to your guns and be confident in the trades you placed. :) Happy Trading and Happy Thanksgiving. Don't forget to give to those less fortunate than ourselves. Remember all of the money/success in the world will not matter if we never made a personal impact in the lives of others.