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#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
Going down down baby, your street with LTC! (PT. 2)Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we can see we are producing lower lows and still trending in an upward motion while the price continues to drop. This can signal a bullish divergence when the RSI is holding above it's prior low while the price is moving to new lows. These tend to be more robust after an oversold reading which is what we saw on 3/2 on the RSI chart. SO, by looking and analyzing the DMI and the RSI we can see that even though the price is dropping at the moment we are still showing signs of strength, and our support line is holding. IF LTCBTC were to fall below this support line we could head south quick, but if we hold here we could see a nice bounce back up to the next support/ resistance line of around .0195. Also, keep an eye on the RSI, if we fall below our most recent low or below the trend line this could be a bearish signal as well. If you wanted to take the risk you could buy with setting a stop loss just below the support line. However, waiting to see if we can break above the support or below to confirm which direction we are headed is ultimately be the best move for now. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell***
Long
by dustyPH
1
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
I'm going down down baby, your street with LTC!!!Good Afternoon, and welcome to my next update on LTCBTC ! Litecoin has preformed exactly like I expected and if you saw my last post you will notice I tried to warn you when we reached the price of $230 that we were headed down. I would like to point out a few lines that I have drawn on the RSI and the ROC and compare that with what the MACD is doing as well. The first lines are from 2/8 - 2/13 and indicate that both the RSI and the ROC are producing higher highs while the MACD is converging nicely together all while staying above the signal line. This was right before the big jump on 2/14 and where we saw our most recent high. Recently we have seen the RSI and the ROC producing lower lows all while the MACD has fallen below the signal line. The ROC has started to turn which is good but we need to see it crossover the signal line (0), AND we need to see the MACD begin to turn as well. IF we can see the MACD turn even while the price is still dropping this could signal a bullish reversal however I will not be convinced until we see a crossover. Right now, from looking at the indicators LTCBTC is holding the first support at the moment which is good. IF you wanted to take the risk now would be a good time to buy to get the most reward, HOWEVER we could still go lower so setting a stop loss below this support would be wise. IF we break this support we could tumble quickly to the second support line I have drawn in the chart. The next several hours will be critical to see what happens.... Will LITECOIN hold the support we are at and bounce up ... or will we go down down?? I would like to point out LTC is still within my large ascending triangle which we could still touch the bottom of again. I do expect LTC to break out of this triangle eventually and set a new support at the top, this could be month(s) before this happens or until new news of LITEPAY (actually coming out happens, haha)! Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
by dustyPH
2
Who's down with LTC (yeah you know me)Looking at the latest ups and downs of LTCBTC over the past week we can still see it looks as though the support zone that was identified in my last analysis is standing. In this chart we can see 3 support levels and 3 resistance levels that have been identified. Definitely seeing mixed signals as to which direction it will go but lets keep a close eye to see if it we will keep the support level we have currently. Not that it means anything... but, I find it interesting that where the small downtrend channel meets and intersects the current support line is on the 26th which is the day LitePay comes out! Coincidence?? Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days) Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold. Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction." Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
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 LONG !!!LTC is right now looking so strong... Basically : 1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point 2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270 3 - $270 is a big higher high in our new bullish trend that corresponds to a older high that wasn't tested since January 12 when we were bear. If we do pass the $270 wall, we can expect to make a big jump up. I would be careful though and expect that we won't pass it. So what I advice is to place a sell in that zone so if it bumps against it and not pass it, then big profits will be done. We should expect it not to pass it the first time it tests it.
COINBASE:LTCUSDLong
by Tradingdeed
4
Litecoin forming a consolidation pattern,prepare for more bounceLitecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really 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
#LTC #LITECOIN Target +250% within 10 days - SpeculativeI'm speculating that LTC may make a second run, like the last rally before the BTC market correction that sent everything into a correction. Note the volume and speed at which the prior +254% rally began and the current rally. They appear to be similar. From there, I measured the length of time and height of the prior rally to guess where we may go. Even if we see 150% increase, that's still a solid win for the crypto community after this recent correction. As everyone says.. if I say it's going up, you might as well sell cuz it's probably going down. :D
COINBASE:LTCUSDLong
by Tin.Foil
14
Litecoin shot up perfectly as forecasted,potential for more rise Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major support lines which will maintain our bullish bias until broken 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
Litecoin testing major resistance, watch for the break!Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support line pushing price up steadily against the major resistance at 172.58. RSI (34) sees major resistance at 62% where a break above could trigger a change in momentum to bullish and open a bigger move up. 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
Litcoin rally on the horizon?Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit) Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels... I'm projecting a 200% growth on this pair, maybe it won't grow too much on the USD pair so becareful. Once 0.0215 is taken it will go straight to 0.0327 My final target is 0.06 or 0.08 Stop loss should be around 0.016 because that will probably mean we can revisit 0.011 which i doubt by now.
Long
by lomaxrex
1