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LITECOIN - Intraday Update - 12/11/20 (Short-term) LITECOIN - Intraday Update - 12/11/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITFINEX:LTCUSDLong
by ferGOD
1
LITECOIN - Intraday Update - 12/09/20 (Short-term) LITECOIN - Intraday Update - 12/09/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.00 high and beyond. Breaking above $86.89 is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.00 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.30 - Wave ii - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note : Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
COINBASE:LTCUSDLong
by ferGOD
Litecoin |A pull back before the next rallyPreviously we have seen that the price action of Litecoin was expected to have breakout from the resistance of triangle. Now the price action has broken out the resistance and spiked beyond $94. On daily chart, the price action of LTC has found a strong resistance at $91 and formed double top at this level. The priceline has also good supports of exponential moving averages 10 and 21 as well. On daily chart, the price acton of LTC has also found a good up trend line support. Now the price action is moving down towards this support again. But in order to re-test the support breaking down of 25 SMS is must. The Other SMAs with the time period of 50, 100 and 200 are also moving up to provide the support to price action. On 4-hour chart, the price action of LTC is also forming a bullish Shark harmonic pattern. The potential reversal zone of this pattern starts form $78.73 and ends at $77.18. If the priceline will not take bullish divergence from this PRZ level then it may re-test the support of up-trend line on daily chart and from there it will start the next bullish rally. Conclusion: We have a very good supports of 25 SMA on daily chart and potential reversal zone of bullish Shark at same level. If these levels will be broken down then the priceline may move more down to re-rest the support of the trend line.
COINBASE:LTCUSDLong
by moon333
1
Get Ready For Next BreakoutHey friends, hope you are well and welcome to the new update on Litecoin. In my previous posts I have showed two movements of the LTC coin one was the bullish BAT on daily chart. Another was a big descending triangle on weekly chart. And as per prediction the price action finally the priceline took a powerful bullish divergence from the potential reversal zone of BAT and broke out the resistance of the triangle. This move was more than 56%. Movement in up channel: Now on daily chart the priceline has started its move in an up-channel. At the moment the price action of LTC has reached at the resistance of this channel. In the meanwhile, the price action has also broken out the 25, 50, 100 and 200 simple moving averages and using 25 SMA as good support. A new move in a symmetrical triangle on long-term: Now on long-term weekly chart the price action has started a new move in a descending triangle. The formation of this new triangle was started in Feb 2020. At the moment the price action has reached at the resistance. If the price action will not be able to breakout the resistance this time then it may retest the support of this pattern. The 50 SMA is already at the support therefore there will be less chances of breaking down the support level. However, whether the priceline breaks out the resistance in current attempt or after re-resting the support the next target could be $100 (as per measurement of tail of the triangle to the support and placing this measurement at the tip). Conclusion: We have very strong supports at the support level of the triangle, however, if you are trading LTC on short term then you can set your stop loss at the support of the channel on daily chart. And if you are trading this coin on long term then the stop loss should be set the support of the triangle and the 50 SMA on weekly chart. Because the support of this triangle is the basic market structure for the price action on long-term if it will be broken down then a long term- bearish rally to the downside can be started.
COINBASE:LTCUSDLong
by moon333
1
Will LTC (Litecoin) outperform BTC (Bitcoin) ?Do we see a reversal here and will LTC outperform BTC? On the lower timeframes 1h and 4h we saw already a reversal 20 EMA crosses up the 50 SMA. If The 20 EMA crosses the 50 SMA on the daily candles we will see a clear start of a new uptrend for LTC against BTC. On the .236 fib we see some major resistance: - The .236 fib level. - The 200 SMA. - And always look left. If we can break this level we could find some major support here. My targets for the long run: .004683 (.236 fib) .005333 (.382 fib) .005858 (.5 fib) .006382 (.618 fib) .007130 (0.786 fib) .008082 (1 fib) I will take 30% profit around every fib rule and buy it back when it hits around the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal. To be clear. In 80% of the cases I don't have auto buy or sell orders. Most of the time I use alarm signals based on support and resistance + fib rules. StopLoss, I don't have a Stop Loss right now on the LTC/BTC pair. My Stoploss is on my LTC/USDT pair. If we move above the .236 fib I will move my Stop Loss to this pair and put it around .00445 !!! Never loose a winning trade !!! Sheers,
Long
by seoco
2
Litecoin - $LTC - It's time!!! Are you ready?WAVE 3 in progress! The best time to buy is now! #LTCUSD: I'm LONG / BULLISH position. I expect that $EOSUSD will rise up. This would mean that LITECOIN will gain more 500% of its current value against the DOLLAR . What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION . No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. If you want to win in this market, you need to be COLD and CALCULIST . To the moon is too close, go beyond Well, keep you updated as this timely issue evolves. Good luck! #CRYPTO $LTCUSD #LTCBTC #LTC #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
BITFINEX:LTCUSDLong
by ferGOD
1
LITECOIN-Battle between active and shadow area🎉 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas LTCUSD Is trading within a triangle pattern and its about to break the triangle pattern in coming days as in recent days most of the crypto currencies are trading within a confined range. LTCUSD is currently trading above the.382 Fibonacci level and around key price action level where we can expect some resistance to the bull. 50.305 area is acted as both support and resistance for the past 08 months. If the bull want to remain in control it has to broke the key price action level. If its happened then the next upside swing target would be around 64.00 is the place where we can see a previous left and right shoulder pattern was formed in the august month. During the initial period of pandemic it has seen a massive sell off due to the lost in market confidence and the investors flew in to safety. From March 13 LITECOIN is in uptrend after this period the bear cannot take control. If the Key price action level was broken then the next upside hurdle would be a .50 Fibonacci retracement level comes around 54.140.If LTCUSD managed to bruise through the shadow area we can expect massive upside or downside rally. But the current market condition is supporting the bullish rally 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
BITFINEX:LTCUSDLong
by forexorbit
LTC/BTC LONG*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice. With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence. Stock RSI also trending upwards. A weekly close above the moving average will likely bring in the necessary volume to move up quickly. Feel free to follow me on my Twitter for the latest updates @psychedcypto, I actually entered LTC a couple of weeks ago but decided to post it on here as well since it began playing out excellently. If this benefitted you please consider leaving a like and following for more to come soon. Cheers, PsychedCrypto
Long
by PsychedCrypto