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Litecoinlong

LITECOIN / LTCUSD HAS HIT THE BOTTOM. NO WHERE TO GO BUT UP!My position now is officially long on litecoin. We have hit the june dip that should have been predicted from past years trends like the january dip we had. I believe we have hit the bottom. There are three trend lines converging to form a nice bottom and we should see a rise from here. This is my first tradingview post and it'll be fun to see how my prediciton plays out! I have been trading currencies since I was 18 in the forex market and have been in the cryptocurrency market for the past three years. I have had a succesful track record the past few years personally and I hope to help you all out as well! Lets make this money!
COINBASE:LTCUSDLong
by InvestmentSpam
2
LTC/USD Long setup forming with triple bottomGood possible long setup here. Price is reaching the bottom of wedge that is getting really tight + were at the large triangle support giving it confluence and at the same time it's forming an triple bottom. Also RSI and CMF are showing bullish divergencies. If we break down below $106 then things can get ugly. Can expect some stops trapped in these levels though. First target will be in $140 - $150 range where the horizontal and triangle supports are.
BITFINEX:LTCUSDLong
by UnknownUnicorn1699711
1
Litecoin LTC 1 D Technical Analysis Market UpdateLitecoin is doing the worst of the 3 between BTC and ETH I still have great confidence in LTC, so keep your faith strong You wanted LTC to be below $150, well... your answers have been met Watch for a couple things: - Not looking too good for LTC - Dropped below the cloud - Testing major support @ .786 Fib - Volume is declining - Watch for the test of the trend line @ around $127 -- If we break this trend then $113 will be the next LTC target $DYOR and Happy Trading
COINBASE:LTCUSDLong
by elitealpha
(Buy) Litecoin Technical Analysis for May 4, 2018Hello Traders, Litecoin is designed for merchant and those willing to buy sell pseudonymously through blockchain. There is more adoption considering the number of merchants and payment companies/start ups willing to do business with Litecoin Foundation and or Charlie Lee. Besides, of all the coins in the top 10, it lags in performance meaning it is undervalued with better upsides in the long run. Full TA at NewsBTC by Dalmas Ngetich
COINBASE:LTCUSDLong
by Kipyegonn
Litecoin - Head And Shoulders In Progress!?Hello Traders, LTCUSD is currently in a consolidation between 166.60 and 142. At this moment in time, I am expecting a move lower to the areas of around 131.70. You can see the chart LTCUSD is forming a possible head and shoulders pattern. As you know, a head and shoulders pattern is trend reversal pattern. In this case, it can reverse the uptrend from 2018-04-01, lower. The head and shoulders target is measured by taking the length of the head projected to the downside. This would bring LTCUSD to around 131.70 IF the pattern gets confirmed. As long as the pattern does not break the neckline, it still can deny the pattern and move higher. As long as the market stays below 157.345 which is the invalidation zone of the right shoulder, I am expecting the pattern to get denied. However, at this stage I am expecting the pattern to get confirmed by breaking lower may during this week or so. 2 possibilities: - First one is the black one, this is my main view (drawn in the chart) we could see a short-term pullback to confirm the pattern and move lower before a bounce can be taken place - Or the second one (orange line) it denies the trend reversion pattern and moves higher without going to the target of the head and shoulders pattern. Conclusion: Short-term I am expecting a move lower but in the midterm, I am expecting LTCUSD to rally. Let's see. This view will be invalid once it breaks 157.95 support Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:LTCUSDShort
by TradeFxTrends
4
Bounce Hunting these lows- LTCWe hit our bottom $115 line for a bounce and it's testing this area again. When litepay was suddenly canceled, the sentiment for litecoin went from bad to worse. I won't go into to much of the fundamentals of it, but if you are trading litecoin, it pays to be even more cautious while trading it. BTC is really the driver and if we get a retest of these lows in BTC, we could see litecoin dip to the $100 area. Why we should (this is the key word, nothing is guaranteed) have a bounce. 1. Look at RSI historically and match it up with these previous low points. It's been a good indicator of getting a solid bounce. 2. MACD is waiting to cross over for a move to the upside. This would be a confirming upside indicator 3. This area above $100 is a MAJOR pshycological support level. I would look to this area for support. It is possible we will go sub $100 before we get a bounce. Look to BTC and how it fares with this 6k low to determine where LTC will bounce. It looks like they are going to coincide very well, with LTC hitting just above this $100 area right around when BTC hits this 6k low. It could bounce sooner. You can either wait for confirmation or start laddering some buys in! Happy Trading. Don't stree, pick your points, and don't use leverage! -Sherem
BITSTAMP:LTCUSDLong
by Sherem
1
Taking us higher, highhhherr! LTCMy last post laid out a pretty clear strategy to pick up some LTC as it dipped down. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. While my positions aren't as good as ETH, I still have a solid position in LTC that is profitable right now. The first thing we need to realize is that we are in an overall bear market. Besides the spike down, maybe more evidenced by the cross in the weekly MACD. Could this be the bottom? Quite possible. We broke the major down trendline last time and we made a higher low and are starting to get a solid push to the upside. We are also kind of breaking this trendline at the moment of writing this, but nothing is confirmed quite yet If it doesn't turn or stall right now, I think we are going to the 190-200 area at least before we get any sort of retrace or sign it's going to continue downward. it also happens that the 50 fib retracement coincides with the 190-200 area for a resistance point. We should get a retrace once we get up there. Keep an eye on this level and this 190-200 area. Happy Trading everyone. Don't stress, pick your points and don't use leverage. -Sherem Check out my last call with how I entered into LTC -
BITSTAMP:LTCUSDLong
by Sherem
1
I identified the top- Trade LTC like a boss- Martingale styleChart update. Position: Very Bearish with a chance of bounces Technicals. Day and Weekly Chart. 1. RSI is in negative territory 2. MACD looking vicious to the downside. 3. Breaking lows. It's clear we are in a bear market. No question at this point. We want to look for signs of a reversal, but there are none and we will continue looking. With all of that down pressure, What's a trader to do? Profit, of course! There are a lot of ways you can do it, the methodology I will be going over in this post is the Martingale Strategy and how to play the bounces as we move up. The reason I like this is because I am not perfect and I can't watch the markets 24/7. Everyone has things they need to do during the day and you also need sleep. The martingale technique involves looking at what you think the highest probability move is for a bounce and then entering in accordingly and playing the bounces. more importantly, if you are wrong, you have points in place and plenty of room to be wrong. You have options, which is important. Lets see what LTC is telling us here. We know we are moving down. But how far down can we go? At this it's hitting just broke this 160 area temp double bottom. And while it would seem that a bounce is in the cards, it is moving down. there is a larger support level at the 150 area, but what if it blows through that support point, and moves lower to this large double bottom? For me, I implement a martingale strategy and I would do something like this: LTC BUY @ 160 area: 20% of portfolio -This trade is active LTC BUY @ 110-120 area: 60% of portfolio Compared to my other trades of ETH and BTC. I am leaving less in reserves for this trade. I think the probability is much higher that will bounce off these lows. You could feel that way about the 6k btc low and weight more down there. It's up to. For this trade, i am only keeping 20% in reserves in case it goes down to $75, which could happen all though I highly doubt it. The key to a successful martingale strategy is to enter in at support points. There are a ton of different ways you can enter in. I was entering in on this recent low and playing a small bounce and it's moved against me by about $7, but that's cool. If it keeps going down I will get my larger orders filled. You can do it however you like. I might adjust some of my positions to scoop up trades as they hit the $130-140 area, we'll see what the market does around those points, and I will keep you updated. Lot of ways you can play it, I outlined some of the possibilities I am looking at. Key is to not stress about your trades. Make sure you read up on martingale strategies. You might not make as much using the martingale, but you will lose less if done correctly. Part of trading is controlling your emotions and this strategy allows you to do that. ESPECIALLY in bear markets! Happy Trading, -Sherem When I first thought LTC would break down -
BITSTAMP:LTCUSDShort
by Sherem
2
Litecoin uptrend continues vs BitcoinI drew this line about a week ago. I was blown away to see that it upheld when I just loaded the chart. Very bullish on LTC. Looks like the hype and the constant development & news is working out well. Things like mainstream atomic swap wallets, atomic swaps on lightning network, schnorr signatures, and privacy features... have still YET to be implemented from the roadmap. This is definitely a long term hold. But remember that BTC is getting rekt right now. Protect your capital. Happy Trading. -SJ
Long
by saadcrates
LTC -I identified this recent top - Now, the slow march down LTCThe thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point. Technically here are some major bearish indicators on the daily chart: 1. RSI is negative and no signs of divergence or bottoming 2. Overall down trend. 3. MACD just turned down and going into negative territory On the smaller time frames, things are starting to fall in line for a down move which means we will get a further push to the down side. As i am writing this, LTC is breaking this short term trend line, which would indicate a fall to at least 167 area. At this point, I will be playing any bounces as they move down. I would look for a minor bounce at these recent lows at 167 and serious support at the 150 area. I will not be putting buys in at 167 as I feel the bounce off of there will be minimal. I will be looking to put buys in just above 150 and in the 110-120 area. I have outlined what I think is the highest probability move at this point. As always, MAKE SURE YOU MARTINGALE your buys. If this thing starts running you want to be able to have options to buy in lower. Read up on the strategy if you have not already. We already made some scalps while this thing has been moving down. Don't stress, don't use leverage and pick your points!! -Sherem My call identifying the LTC top - Longer post identifying the buy zones -
BITSTAMP:LTCUSDShort
by Sherem
Litecoin - The Quest of the Ascending TriangleLooking at the BIG PICTURE and the long term for LTCBTC we can see this beautiful ascending triangle we have been forming since early December 2017. I have two lines on the upward slope indicating 2 possible scenarios for this to fulfill. Currently as we speak the DMI is oh so close to touching but the + is still on top. The ADX is above our signal line showing strong support of the trend, and the RSI is still holding on my upward line showing we are still seeing higher lows. Keep in mind, this is LTC/BTC. So not to confuse anyone, but we can drop on this chart and the price of LTCBTC can still go up in dollars, all because of the price of Bitcoin. This shows growth with Bitcoin and how Litecoin reacts with it. Currently Bitcoin is going up and LTC is staying around the $185 - $190 mark and that is why on this chart we are dropping. (or vice versa, if Bitcoin price falls and Litecoin stay roughly the same price we will still Litecoin go up on this chart) This can be used as a good indication as to how Litecoin will react to Bitcoin and shows when we reach a certain level we can expect/ anticipate/ predict/ forecast/ etc. what could happen next. We need to see LTCBTC bounce off the support here and see the Directional Movement stay as it is and NOT cross. This will help show strength in Litecoin and we should then begin to see stronger price movement perhaps back up above the $200 mark. Thank you for taking the time to read! IF I get 15 likes I will post an update! Happy Trading :) Much Love DustyPH *all comments are welcome* ***This information is not a recommendation to buy or sell***
Long
by dustyPH
Quantamize Machine Learning Crypto Signal Litecoin 3/9Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/9. We will be updating and producing more signals today and posting performance as well - stay tuned! Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%. Any updates to this 3-Day forecast will be shared, as signals are re-run daily. We will be rolling out this product for 25+ cryptocurrencies as well as 4+ crypto portfolios in the coming weeks. Our website is in the signature below or check out our profile (or simply Google us). We are collecting emails to update users when we release our suite of cryptocurrency products - - sign up to receive an alert when the cryptocurrency products are released.
COINBASE:LTCUSDLong
by Quantamize
#LTC #LITECOIN +37% target $275 USD after breaking out IchimokuAfter breaking out of the current Ichimoku resistance cloud, I see the potential for us to rally to $275. This may take 5 days before the breakout begins and another 5-10 days before the target comes into sight. After the previous rally, we are currently forming a wedge or a bullish pennant, depending on how you look at it. This bullish pennant if we break above it, may lead us into the $275 target. There is a possibility that the Ichimoku resistance cloud may continue to hold us down and could push us down a little farther in the next day or so. This isn't necessarily a bad thing, as it re-enforces the potential to see +50% growth from breaking above a point slightly below were we are now. Targets: Buy at $197 Sell at targets: First $247 (+25%) Second $259 (+31%) Third $275 (+37%) Stop-Loss: $181 (-9%) Risk vs Reward: -9% vs +37% or ratio of 4.11:1
BITFINEX:LTCUSDLong
by Tin.Foil
10