LTC Rally!we should see a bounce here quite possibly. Some key resistances along the way. What do you guys think?
Litecoinlong
Litecoin FansLitecoin is currently in the process of building support. The break of the first fan confirmed support at 250. Break of the second fan will confirm support at 275, and will likely allow LTC to break resistance at 375-380 to continue moving up to new ATHs. Expect a surge in volume around 375-380 (current resistance). As long as 275 holds during our period in the new fan, LTC will continue moving up. Future is looking very bright for LTC, in 2018 Litecoin is easily going to break 2,000 (and probably even go higher).
I think the move we had earlier to 275.01 was our dip, if that is the case we should not visit 275.01 again! Either way more sideways action = greater and more stable upward action. Patience!
As usual ignore the FUD. Charlie is boss!
LTC Market Corrected. Where to go from here and how to make $$$Hi Everyone,
(I accidentally posted this under the BTC charts, here it is on LTC).
Hope you are all doing well and have accumulated a healthy amount of coins. I am basing this current chart off of the 2017 September Market Correction to anticipate how markets move. Because if its one thing about stocks/crypto...markets always have patterns. While it is not exactly apples to apples (comparing LTC to BTC 0.55% charts). LTC is currently following BTC's movements.
I have already notified my telegram group of this trade early morning and have netted today's %'s. We have already seen Phase one complete this morning, and in the tail end of Phase Two. with LTC rising to $290. Sold...retraced to $240 and on the rise to $290. What we can expect is another retrace back to $250-260 area and a final movement upwards north of $300 resuming a 45 degree trajectory growth.
I have also included my BTC 0.55% chart that I dropped several hours ago which essentially states the similar theory.
Short Term Trades: Accumulate $250 and below sell at $300. Wait for Retrace, buy back in and hold for north of $300.
Long Term Trades: Anything closer to the low $200's is a great position to build and generate north of 100% ROI -0.23% in the next month or so, as LTC progresses to attach previous ATH -0.99% of $420 and the bigger goal of $500.
Good luck on all of your trades. I didnt explain this trade as much but feel free to PM/comment if you have any questions.
Merry Christmas & Happy New Year!
Regalia
Litecoin testing major support!Price is now testing major support area starting at 296 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive up price to next resistance level at 339 (Fibonacci retracement, horizontal swing high resistance). Our next major level of support is at 271 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing strong support above 5.7% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signaling that a bounce is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Strong Ascending Triangle - LTC poised to make another big run!If you have a position in LTC, this should excite you! LTC is charting a strong ascending triangle, signaling that it is poised to make another bullish run upward. You can see that a strong price support has been formed over the past week in the $330-$340 range. You can also see a tightening of the price fluctuations, another sign that a breakout is imminent.
If you regret missing out the last major leap in LTC value last week, this may be your shot at redemption. Especially with money flowing out of BTC today, look for the breakout to begin in the next 1-3 days. If LTC can break $400 by Christmas, hold on for a slight emotional pull pullback before vaulting to $500 by New Years.
*Please note that this is for entertainment purposes only, and should not be viewed as financial advice. Do your own research before investing in anything, cryptocurrency or otherwise.
Litecoin still cheap to buy? Time to enter againGood opportunity to buy, after the break above. BITFINEX:LTCUSD
Bullish Flag on Litecoin Buy signal around 250 Dollar ( 220Eur) Litecoin technical analysis for December 16 2017.
The bullish flag has been forming since a few days now after a very strong uptrend on litecoin.
Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to revisit the lower trendline to gain momentum and jump up from there breaking out higher. The revisiting of the lower trendline of the bullish flag also confirms the touch of the 38.2 Fib retracementlevel which has reacted strongly before with a bug bullish candle. A second attempt increases the chance of it breaking out to the upside towards 370 and 400 levels.
Possible break upwards without the above described decline is also possible but less favorable for entry at these high levels in the event of the formation of a double top.
Be carefull using limit orders since all exchanges on crypto s show different price levels.
BUY SIGNALS:
buy around 210 tot 225 eur levels,
255 to 265 Dollar levels.
LTC Starting New Wave to ~$750 Just In Time For SantaRough estimate after successful breakout.
Will know more once the Elliot Peak 1 is formed.
Litecoin - Where does the pullback ends?Litecoin has been in strong rally the last 2 days gaining almost 300$. We can observe a healthy pullback at the moment (some investors taking profits out of the table) and the question now is where does the pullback ends and at what level we should be buying?
As we can see Litecoin tends to respect psychological round numbers (Resistance at 200$, 400$). Litecoin has tested the 300$ price level and got rejected 2 times showing strong buying pressure at that level. The 300$ support level also falls align with the Fibonacci 38.2% of the move A-B and also the Fibonacci 61.8% of the move C-B which makes the 300$ level even stronger. Although it can pullback at around the 250$ area before it continues its uptrend, i would enter the market at 300$.
Litecoin - A Little Overextended Litecoin has made an incredible move higher over the last several days but now appears very overextended. IMO LTC will need to consolidate here or possibly even pullback some to give the moving averages time to catch up.
LTC - Pennant PatternLitecoin is now forming a pennant pattern after a huge run-up in price the last couple of days. I would now anticipate a breakout higher and a continuation of the trend.
LTC Moving HigherLitecoin has broken out of the flag pattern it was forming. It had a strong break out followed by a classic re-test of the upper trendline. I am really liking how LTC is looking here, I continue to slowly add to my position.
Litecoin - LTC trading in a channelLitecoin has been trading in a downward sloping channel since early yesterday. It has put in a higher low and a higher high but I would like to see LTC break above the upper channel trendline to continue the uptrend.
LTC Forming a Flag PatternLTC has had an incredible run the last two days and I am really tempted to buy more but I have decided to be patient. It is possible LTC could breakout above the upper trendline and continue higher, but I am going to wait to see if LTC will pullback and possibly re-test support in the $135 area. If it does I will be ready to buy, I believe it is worth the risk that LTC will breakout higher for the chance to buy more well below where it is now.
LTC Buy Opportunity ArisingWe are due for a correction after double topping our 100 levels for LTC. This is normal and healthy as we will follow our fibonacci retracement. Further look will be assessed as the coin dumps.
Entry: 74
Stop Loss: 62
Target Profit: 125-130
As always,
Happy Trading!
Bitcoin and Litecoin Price CorrelationThere still seems to be a lot of correlation in the prices of Bitcoin and Litecoin, I am pretty sure the same would be true for Ethereum as well.
I am not really sure why this is the case unless it is just that people are buying and selling the major coins and tokens based off of what Bitcoin does, but to me, that seems kind of strange. I know Bitcoin is used to make other purchases, so people buy Bitcoin (increasing the buying pressure), then use that Bitcoin to pay for other coins and tokens (so in a sense you are selling Bitcoin, increasing the selling pressure). It seems to me like if there were a lot of people buying Litecoin with Bitcoin, the price of Litecoin would be increasing but shouldn't the price of Bitcoin be inverse of Litecoin? I know also there are a lot of other transactions with other coins and tokens going on at the same time so that has to be affecting the price also. Most likely I am missing something really obvious and I am not really sure why I care but it just seems really interesting to me.
If anyone has an idea why this is the case I would appreciate if you would let me know your thoughts.
LTCUSD CONSOLIDATION ABOUT TO BREAK~ BullishLTCUSD 4 had some strong consolidation for weeks. It's time to break out of consolidation. Los Angeles 2:23 AM.
LTC had found support near $58-60 levels and had consolidation for weeks. The trend has changed and is now forming a beautiful bullish flag for a leg up. Looks like LTC is trying to break out of its current consolidation trend.
What to look for:
RSI remains above 50+ and 60+ for bullish run.
MACD is about to turn around and showing lots of room to the upside.
Price action broke above the clouds for the bullish trend.
Different level of targets for LTC some conservative some aggressive.
BTC needs to remain stable and not rally to the upside or downside.
Happy Hunting.
Litecoin Homerun, end december. I'm very certain, this channel will continue, and break out eventually.
What are your thoughts?
LTC/USD
LTC/USD Ready For The Next Move?!Hello guys,
Hope you are doing good.
Here is a 4 hour LTC/USD update. We are awaiting litecoin to make the next move to the upside. Target AT THE MOMENT would be $68.00.
But keep in mind that the market needs to stay above the last low of $52.65. for next move to the upside. Other than that, litecoin still remains bullish.
Hope that helps.
Cheers
LTCUSD buyVery little analysis on this pair.
But I see a lot of potential and very sharp price increase.
Will post a new idea soon with more analysis
LTCBTC New CycleLTC is gaining momentum slowly. The next cycle could bring ~50% gains. Good coin for good bullish times (coming up).
LTC/USD Next Big Long?!Hello Traders,
In this analysis, we want to take a look at the 1-hour chart of LTC/USD (Bittrex)
Currently, LTC/USD is in a range between 44.072 and 57.220. But the difference here is that it took the last A high at 57.220 which is suggesting more upside in mid-term. Ideally, it goes to the yellow box where it should end the ab correction, for the next move to the upside. Initial target will be 67.853.
We will readjust the forecast when it breaks the low of black B at 44.072. Otherwise, Litecoin should be supported.
Hope that helps
Cheers
