Litecoin Weekly Golden CrossWeekly Golden Cross, if this holds any merit upsides are expected. Also a double bottom formed on the grey fib line, with higher lows present.
Litecoinlong
Wave 3 About to Commence - LTCCurrent trading channel. We are at the heart-line with no real clear direction, me personally thinking this could be a wave 3 up all the way to that 2.168 with a pullback to the heart-line as support before more bullish movement. Let me be clear, this is a terrible place to make a trade, as we are currently in a spot where the market will make a decision that we should wait for and ride with, not try and guess. I am waiting for a push over the heart-line to try a long to surf that wave 3, if rejected at the heart-line, I am not shorting -- only if it hits the 2.168 would I try a short position.
Green box I would long, red box I would short. Good luck everyone.
DISCLAIMER: I DO OWN LITECOIN
LTCBTC forming bullish Shark | A good long opportunityPriceline of World's 6th largest cryptocurrency out of more than 2300 cryptocurrencies LiteCoin (LTC) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection here I have ignored a little bit difference, and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.005560 to 0.005448 sats
Sell between: 0.005660 to 0.005885 sats
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Litecoin/Bitcoin Short Term LongHey everyone, it appears Litecoin bottomed out against Bitcoin at 0.005-0.0055. We should see a small pullback to the 0.0065-0.007 area and continue the march long up to 0.013. I give this trade a risk/reward of 2/1 at the moment. Over the next few months look for litecoin to touch the 0.01 mark against Bitcoin and break through up to 0.013.
Litecoin in a Cupand Handle Pattern Breakout!
About three weeks ago, heads up given.
Now, Cup & Handle completed and just breakout with favorable technicals, MACD & OBV.
LTCUSD did >12% gain yesterday, and sustaining momentum to take over rally lead from BTCUSD.
Very obvious right?
Have fun, enjoy the ride.
See you about 88
LTCUSD LONG - Breakout acumulation!!! By Che_TraderCOINBASE:LTCUSD Is breaking the last resistence.
We enter in the retet of it, this setup is shared live.
Entry, target and SL in chart.
Enjoy!
Litecoin Rally 2020 ON!Litecoin LTCUSD has been on a tear for the past weeks. Story follows big brother Bitcoin and other Cryptocurrency.
See related published idea...
LTCBTC MirrorLTC is mirroring its previous downward movement trend, will it mirror its upward movement? Im not sure, but I believe the movement upward this time will be faster and more rapid to break or test this current trend. Tightening of Bollinger bands will see volatility increase with time.
Included fibonacci retracement and a comparison to LTCUSD.
LTCUSD formed bullish Shark | A good long opportunityPriceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $42.25 to $41.84
Sell between: $42.67 to $43.55
So this very short term 2 hr based chart trade is a good long opportunity for Lite Coin's day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Litecoin Adam & EveLitecoin has had a small pump within the downward channel recently, this may lead to the formation of a bull flag in the blue box, or a retreat and possibility of a falling wedge. The Adam & Eve can be seen to be linked to the pump.
Whales Control Majority of LitecoinPrimeXBT will be now be offering a technical and fundamental analysis overview of LTCBTC.
News :
More than half of all LTC is held in just 189 non-exchange addresses, and on average, the top 100 ERC20 tokens are majority-owned by just 34 addresses.
Switzerland-based cryptocurrency bank SEBA is now fully operational. The bank is offering SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Litecoin (LTC) and Ethereum Classic (ETC), and convert them into traditional currencies and vice versa online, per their announcement.
Technical Analysis :
When compared with Bitcoin, LTC is still trading well within a descending channel formation, which shows that the market is undecided.
Its bulls are experiencing some difficulty, as the coin recently broke below its support at 5600 SAT and continued to fall down towards 5500 SAT. The critical support level is located at level 5100 SAT and below.
However, a strong attempt by bulls to sway the market could lead the coin to be pushed above its moving averages until it finds resistance at 5980 SAT and above.
Meanwhile, the price of Litecoin is currently at 5540 SAT, and a spike in volatility could occur as its RSI is about to enter the oversold area. Also, the indicator has formed a bullish divergence, which often indicates that a bullish trend reversal is forming.
Resistance Levels: 0.00574, 0.00598, 0.00615
Support Level: 0.00550
Market Cap: $2 582 278 919 USD
Volume (24h): $2 864 953 826 USD
Circulating Supply: 63 704 644 LTC
As always, be careful, and don't forget about capital & risk management.
Please, let us know what you think in the comments below. We appreciate the continued support that PrimeXBT has received from readers and traders like you!
LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
Litecoin 2022Litecoin path to 2022, i know this seems like a long accumulation period but it has been seen in the past and history tends to repeat itself. As a stablecoin, litecoin doesn't provide much utility in comparison to other cryptocurrencies. Also included some fib retracement levels, and some sine time lines.
LITECOIN: 900% PROFIT POTENTIAL WAIT FOR BOTTOM.LTCUSDT Will Down Till $22 to $24.
1st Target : $137
2nd Target : $252
After making Double Bottom and Reversal Candle Confirmation we Set this target.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil khan
LITECOIN 14 days rise cyclusLitecoin/BTC pair showing start of the rise cyclus. Cca. 14 days to hit resistance. Expected to hit around 0.00707.
Litecoin fractal LTCUSDLooking for a bottom, if fib line doesn't hold (it should) continuation of the downward channel will be seen. Still practicing these fractals.
LTCBTC Bullish wave fractalLTCBTC is trading in a downtrend, close to the 0.786 fib line, this could lead to a new bullish wave as previously seen.
Litecoin bottomed?Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
