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Litecoinidea

Litecoin - A great buy at this point and may go down further. Things to note about Litecoin and why it is entirely possible that we are still going down further. There is a death cross in the 1H, 2H, 3H, 4H, 6H, 12H, and now the 1D timeframe. Historically price goes down after a death cross on the 1D and it takes a small timeframe to recover from it. Those of you that bought in the $60's do not sell. We may go down some more but rest assured you bought at a great price. You should, if you can, buy some more as it dips down. In this instance, LTC will pull out fairly quickly out of the sub 200MA dip. How deep is the dip? Well... that depends entirely on what BTC does in the next few days and it looks like it is itching to keep running up. Let's wait and see how much the weekend drives the lTC price down but the point is that you are seeing a safe coin at a low price. Same goes for BNB, NEO, ETH, ADA, QTUM, ICX. DO not buy coins you are not familiar with or that do not have a large market cap. Stick to the top 20 at best, top 10 is recommended. Some of those alts are close to double bottoms and they will spark up very soon.
Long
by cryptoGats
2
LTUSD Litecoin NEUTRAL in Trading range 1 HR Chart#Litecoin #Bitcoin #Ethereum Hello to all watching my charts Litecoin similar to other cryptos is catched in a trading range between Low Support at 87.50 and High Resistance at 96.00 Only after a breakout in 1 direction above resistance or below support we are able to analyse a clear status. At the moment its a Neutral Status No reason to trade here. Good trades If you want to support my charts and my work please like the,,, Renkotrade
BITSTAMP:LTCUSD
by Renkotrade
1
Litecoin LONG Today only Pullback 1 HR Chart#Litecoin #Bitcoin #Ethereum #ETHUSD Hello to all watching my charts Today we have a normal pullback maybe to the breakout level of the inverse head and shoulder formation which has beeen stablished and formed yesterday (Please watch my black line here) But nothing to worry about at the moment What is to mention is, the best for long positions is my black line holds as maximum pullback level down. If that level will not hold, last exit would be at my blue line level. Trading below that is critical for long not even short but than it will be the really really "pay attention time" for longs. Good trades If you want to support my work and my trades, please like them.. Renkotrade
BITSTAMP:LTCUSDLong
by Renkotrade
LTCUSD Litecoin SHORT but Chance of Trendchange Long#Litecoin #Bitcoin # Ethereum Hello to all watching may charts After the desaster in crypto currencys of the last days we do see here a small chance of a new shorttime long trend in Litecoin which is little bit surpising as Bitcoin itself f.e. is not such strong here at the moment. We have seen a higher High, but to confirm as this crypto is still in my shartchannel capted i want to see a rebound to the "Long Confirmation" aerea first. Good trades If you want to support my work and my charts, pleasew like them... Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
Litecoin SHORT Chance of Trendchange 1 HR Chart#Litecoin ##Bitcoin #Ethereum #Crypto Hello to all watching my charts. Today Litecoin tries to find a bottom at one of my support aereas (Lower black lines) but the confirmation is not there at the moment. We do need a higher high and a jump to the BLUE ARROW AEAREA Thats important, all other movements of Litecoin is simply a bounce in the short trend for me. Good trades If you want to support my work and my charts, please like them ... Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
Litecoin SHORT 1 HR Chart#Litecoin #Bitoin #Ethereum #Crypto Hello to all watching my charts Litecoin shows us now really weakness the last 1,2 trading days Broke the long blacktrendline support (my black line) and is now middterm and shortterm in a shortchannel- I have not added in the chart the shortest timeframe cause ist totally enclosed in the blue lines middletimeframe Short I have added 2 support aereas from march/june at 98 / 100 USD where it seems to be the pair find support now. But dont mix that up with a long chance It will change to LONG only after a jump to the aerea where my BLUE ARROW is so with a jump above the latest high at 108 USD Good trades If zou want to support mz charts and mz work please like them Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
1
Litecoin LTCUSD UPDATE Trendchange to Short 6:00 p.m. 1 HR Chart#LTCUSD #Litecoin #Bitcoin #Ethereum #Rekotrade Hello to all watching my charts I just write these words here and same time LTCUSD Litecoin has just fall out of my long channel in blue and sit on the last support line i have drawn in black. I daubt that the pair will recover soon and see a 60 to 40 chance of falling further down In best case we will have a sideways turn staying in my bluechannel which is little bit long, but f you check the angle, these is very very weak So be cautious with longs, i suggest NOT to buy on dips here as we have lower lows and lower highs which in my oppionion is a clear sign of short. At the end, if it is fallen down to my purple arrow it is short shure Good trades If you want to support my work and my trade, please like them.. Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
Litecoin LTCUSD NEUTRAL 1 HR Chart possible trendchange to Long#LTCUSD #BTCUSD #ETHUSD Hello to all watching my charts. Lets today have a new closer look to Litecoin LTCUSD 2 things are to mention 1. We are with both channels again in a short situation 2. At the moment i write this down we have a chance for a new setup to long IF: At first resistance 122.60 will be broken (first resistance from yesterday post has been taken out 118.00 BUT than we unfortunatley have seen a fall with a lower low) (my higher black line ) AND of course we will not see any lower lows in the meanwhile or in other words The lower black line must hold. And the blue trendline long which is little bit broken must be entered to higher prices again. I am afraid the last condition will be not set up and the pair will stay in my short channel to lower prices. Than next hold would be (low from yesterday) 113.00 and also lows from 28.6. at 112.00 below that we wil nee a nirvana.. Under the line: The Setup is very unclear. If the pair will start to my blue arrow aerae of course we wil be in long status again. Good trades If you want to support my work and my chaerts, please like them... Renkotrade
BITSTAMP:LTCUSD
by Renkotrade
Litecoin LTCUSD LONG in my very shortterm channel#Bitcoin #Ethereum #LTCUSD Hello to all watching my charts Nice situation here in Litecoin today As showed yesterday we have made the move above 118.00 (you remember the arrow and my update ? ) and in the very very shortttime channel we re now in a long situalation Now everthing depends on whether the support at 114.50 (lower black line) will hold or not. IF ! it hold "stay long" or "go long" would be to shout BUT be careful, the timechannel is extremly shorttimed so the chance that it hold or not is even 50: 50 Will the low support fall, we will be back in short terratorium at once !. Good trades If you want to support my chart and my wokr, pleas like them Renkotrade
BITSTAMP:LTCUSDLong
by Renkotrade
Litecoin has made a bearish exit, potential drop!LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
4
Litecoin shooting up nicely, good upside potential!Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong ascending support hold up our bullish momentum well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
2
LTC/USD After a fork, looking bearishPosition: Leaning Bearish. Not as many Bearish indicators on LTC as there are on ETH. But enough to make me think this is going down. Perhaps one of the biggest reasons LTC will go down is it will be dragged down by ETH and BTC. ETH has a solid reversal set up to drive it down further. If LTC dips, I REALLY like the set up we have here. I will go into that at the end. Bear indicators: 1. MACD averages crossing down, but... still in positive territory. 2. RSI is in oversold territory and broken it's trendline to the downside. 3. It's consolidating - You could argue it's consolidating to move up, or down. I would lean more towards the bulls are temporarily out of steam after a fast high volume run up. For all of this to be confirmed, we need a break of that $205-210 support level . It might channel a bit before it does, but we'll have to see. I will be a strong buyer at the 160 area and an even stronger buyer just above $110 if it gets there. If it keeps going up, no big deal. Made some money with this run up and the fork and will wait for another opportunity to present itself. Buy level 1 at the 160 area: Has nice support and a FIB point. Buy level 2 at the 110 area is a major bottom. Happy Trading -Sherem
BITSTAMP:LTCUSDShort
by Sherem
20
LTCUSD approaching major resistance, prepare for potential drop! LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of bearish momentum to this setup. Stochastic (21,5,3) is seeing major resistance at 99% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
1
Litecoin testing major resistance, watch for a reversal!Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate resistance at 53% where a corresponding reaction could occur. Similarly with price, we have to watch our ascending support line as only a break of that would trigger a potential bearish acceleration. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
Litecoin consolidating strongly for a potential dropLitecoin continues to test strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate descending resistance which is in line with the descending resistance we are seeing on price too. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
6
Litecoin in a bearish channel, watch for the break of support! Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3