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Litecoinlong

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.
COINBASE:LTCUSDLong
by moon333
2
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!
Long
by PrimeXBT
7
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.
BITFINEX:LTCUSDLong
by Bixley
LITECOIN "LTCUSD" Imitates BITCOIN and Ready For a AdvanceAs I stated in my previous post, Bitcoin drives the price action on most of alternate cryptocurrencies. A five-wave defined an impulse which means the direction of a trend as you can see in wave A/1. After an impulse, the subsequent move is called a correction, which is just a pause in a market cycle to allow people to join in the train again. The corrective wave of LTCUSD which unfolded as a double three zigzag seemed to have found a bottom at $42.36 support circa. The area was comprising a strong demand zone and 78.6 Fibonacci retracement of the advance from $22.13. If this wave count is correct, we should anticipate a rally from or near the current level and advance towards the resistance with 1 and 1.236 Fibonacci extensions, as indicated on the chart. The breach of wave (x) high will confirm that LITECOIN has really bottomed. What's your thought about Litecoin? Kindly keep the comment coming. Best of luck on the chart! Veejahbee.
COINBASE:LTCUSDLong
by Veejahbee