C&H and volume accumulation suggests LTCUSD due for rallyAs I predicted July 27 roughly 4 to 5 days before the LTC l halving; Price action was set to be doomed with miners receiving 1/2 in compensation— The appeal for LTCUSD fades As it is essentially a gimped BCH but Nonetheless every influencer with 100 million followers posted about how I have no idea what I’m talking about ( Despite over six years and I can’t even ballpark the thousands of hours I’ve been doing this religiously for over half a decade now..: ) that during a parabolic run “ there is no way that LTC or any other top five market cap coin will not see a surge in pricing as well. ..” and while they may be right in every other bull run, what makes this Different was the halving and Please do take note on emphasis of the literal words I’m using when I say top 5 coins im basically referring to BTC/BCH/LTC/ZEC And not all general cryptocurrency’s and if you don’t know what the difference between a Crypto currency coin into cryptocurrency token is then I can guide you to a “TLDR” oped I wrote a few years back and have since edited and revised a few times titled “10 Crypto Commandments”
Which if you do not deviate from and read it over carefully and let me reiterate not to sound like a broken record but I’ve had people complain that they follow the rules and try to blame me for losing money only to go over what happened and find out that they slipped up by deviating..
When I say do not deviate what I mean is My 10 Commandments is applicable to any Forex trading styles and Regardless of the EMA it even works for day traders And I’ve tested it hell I’ve memorized it and I still use it to this day and it yields about an 8.7/10 success rate on all entries with 96.9% accuracy in figures and timeframes with a 9.2/10 Success rate with 87.3% accuracy in figures and time frames and a staggering 9.9/10 Success rate with a 50-50 in figures/time for a bit when I mean by that is that my TA (Everybody’s technical analysis for that matter) Is not set in stone at the time of publication and is subject to change based on indicators and news anomalies other factors and so because other traders like myself are usually juggling between multiple platforms and possible portfolios It is simply Impossible For me to update and reallocate/re-calibrate figures and time frames for TA on every publication whenever said changes happen—- Especially in the market like this that is in its infancy, extremely volatile and never closes!
Factor in the fact that it’s a global market and you have an impossible situation where The only way your portfolio is 100% safe is if you never sleep which more often than not there during bull runs I end up doing (Load up on caffeine and nicotine— I Self in a lot of other traders on CT I’ve come to notice will be up all day for 3 to 4 days during the initial carry through and then set stop losses before adjusting alerts on my I watch/forward and taking a rest for some downtime usually timed right around when the market is oversold and we’re transitioning into alt-season— These 12 hours or so are critical as It is really the only time you have to rest before you have to be up at other three days to do the same thing you did for the bull road except for sniping off alts...Even if you do everything right there can still be some freak accident like some piece of crap fraudster or what happened with Binance today or In 2012 mt gov.
Why am I saying all this?
Not to be a Debbie downer who tries to tear anyone who has aspirations of becoming a forex trader themselves but to brace them for the painful and sobering reality that crypto trading is not easy money it is by no means a cakewalk and if you are looking for a pay day/lotto ticket that ship sailed with the early adopters and we are in the deep sea right now so it’s sink or swim.
I recall after the great crash at the start of crypto winter they put the national suicide hotline on the cryptocurrency sub Reddit that’s how bad things were for people were actually mortgaging their houses to fomo in.
So let this be a lesson to anybody that actually reads it— Yes I have made a healthy and prosperous sustainable living forex trading the past half decade and even during Cryptowinter for all of 2018 I have other measures in place to supplement my income such as mining/leveraging/margin/debugging++ I have other measures in place to supplement my income such as mining/leveraging/micro loans/Buy stocks and trade those/ Freelance development gigs either web development graphic design writing or even helping other token developers in that advisory or consultation capacity.
So the key take away from my rant over here is:
1) Always at your stop loss is always trade with your head and never your gut and do not ever be lulled into a false notion that this is easy money because you saw some dumbass tweet that he made 50 grand in five minutes ask yourself when you go to the casino and see somebody playing craps who happens to win 50 grand in 30 seconds does that make You rush over to play craps without any impulse or second thought? NO!! Absolutely not.
2) Because you’re just gambling at that point and once you start to lose more than You’re lot of threshold (covered in my 10 commandments - trade using the buffet model) People start to unravel and lose all sense of objectivity so the irony is the more money they lose rapidly the less likely they are to bounce back that I’ve seen this happened to even the most seasoned traders it’s psychological and has nothing to do with talent it is only human nature to panic when you see your hard earned money rapidly dropping, However remember that every drop has a bounce and While you will still take a hit if you can take a deep breath and take control of the situation you could wait for that bounce and then short at the top of consolidation resistance / support to mitigate a catastrophic loss into a “not so bad “ one.
Greed is the number one enemy of all forex traders.
You have to be willing to bite the bullet and take an L from time to time not every entry is guaranteed ROI and if greed is number one that would make pride fear and stubbornness 2-4 with 5) being impulsivity.
Not gonna bother including a disclaimer in this publication because I’ve basically written this entire oped as one lengthy extended disclaimer.
The human psyche is very weird. It’s common sense to buy low and sell high even people that don’t trade know that yet for whatever reason the influx of new crypto traders always come at the high-rise of the bullruns.
It is for this reason why I felt it necessary to include this link the disclaimer because we’re seeing a lot of tears and a lot of figures and projections being thrown out there but not a lot of accountability or foresight/forethought by these other traders that Some poor new trader might come along see how many followers you have and how many likes your TA yields and prematurely concludes “Oh there’s no way he could be wrong look at the number of people that think you’re right!” And dumps his life savings on What you and I and every other seasoned trader knows is merely speculation and an educated guess but We have Seen so many charts and drawn so many lines that We just assume that everybody knows that it’s a given. to those traders I ask you to try to reminisce to what it was like when you started trading and more specifically How bad it felt when you had your first real lost... And don’t tell me you never had a real big loss because every trader has or they are lying and if they aren’t lying they aren’t traders for The only way to maintain zero loss margin is to simply HODL, Which if you’re a person who’s working a full-time career with a family to take care of I would rather advise you to do just that than try to take on something that is unfortunately and undoubtedly very stressful and time consuming.
With that being said set your stop loss cup and handle emotion this is a short term sale/entry.
P.S. I used Siri voice command to Hit the little microphone button and talk into my phone to write this up at so forgive the little grammatical errors as I do not have time to proofread and I am not at my PC right now. When I get home before the Asian markets get Poppin I will make sure To update this publication as well as the other two I posted today with calibrated figures / timelines.
In the meantime, Take every traders opinion with a grain of salt— ESP my own! It could be overwhelming with a lot of people there with a lot of figures out there as a newb you’ll instinctively flock to the influencer Who has the most followers and subscribers but bear in mind that a lot of these guys just like myself started as tech / programmers and After discovery blockchain we learned to forex trade so Just because you see a video of an influencer Using a lot of confusing crypto/Blockchain related terminology and vocab does not make them Any better of a Forex swing trainer than the guy with 40 subscribers and 20 views— It just means they are more consistent and better content creators and if they aren’t giving you this whole spiel I’m doing it for you and for them and shame on them because they know what they’re doing is wrong.
Cheers. Peace and love.
@a1mTarabichi
Litecoinprediction
LTC to 47 USD : bearish Scenario : a must keep in mind scenariohey guys, in this analysis I'm bringing you litecoin `s bearish scenario just to keep it in mind since 95% of the analysts out there are screaming " moon moon moon "
Since I'm too lazy lol I decided to explain everything on the chart. please take your time to understand my point, thanks in ADVANCE.
Nothing I'm sharing over here is a financial advice.. its all my opinion and you're 100% in control of your assets. PEACE
PS : you can check my youtube channel over here www.youtube.com
LTUSD Litecoin NEUTRAL in Trading range 1 HR Chart#Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
Litecoin similar to other cryptos is catched in a trading range
between Low Support at
87.50
and High Resistance at
96.00
Only after a breakout in 1 direction above resistance or below support
we are able to analyse a clear status.
At the moment its a Neutral Status
No reason to trade here.
Good trades
If you want to support my charts and my work please like the,,,
Renkotrade
Litecoin Buy Signal MONDAY????Litecoin LTCUSD is consolidating nicely on the daily chart at around 99 there is also previous support at this level witch is good. A breakout of the 106 will be my buy signal and the bulls will run!. Also on the MACD we just got a cross witch indicates a swing change and we dont long over bought on the RSI.
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state.
We broke our strong 5 month trend line. But the bounce on the 30 of April proves to be a strong support level as well as being the .618 fib level. (swing low to swing high up trend) Looking at this golden level to be some solid consolidation.
Right now, if LTC can hold the .5 fib level as support, we might be nice for the short term.... If we can break the .382 AND hold as support we might be very looking nice :)
Also i would like to add that a few indicators point out that LTC is oversold and on a possible turn around on the daily chart. The RSI is oversold and hasn't been this low since the start of the bullish trend, the stochastic RSI crossed bullishly getting ready for a momentum move up. Also we found support on the 200 day moving average! Let's hope it will continue as support, and as Bitcoin falls, more money is likely to move into alts. Just my two satoshis !
Litecoin LONG Today only Pullback 1 HR Chart#Litecoin #Bitcoin #Ethereum #ETHUSD
Hello to all watching my charts
Today we have a normal pullback maybe to the breakout level of the
inverse head and shoulder formation which has beeen stablished and formed
yesterday (Please watch my black line here)
But nothing to worry about at the moment
What is to mention is, the best for long positions
is my black line holds as maximum pullback level down.
If that level will not hold, last exit would be at my blue line level.
Trading below that is critical for long not even short
but than it will be the really really "pay attention time" for longs.
Good trades
If you want to support my work and my trades, please like them..
Renkotrade
Litecoin LTCUSD LONG NOW 1 HR Chart 11.00 a.m. NYT#Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
Impressive , what Litecoin is doing today.
Has build now a bullish SHS Formation (Shoulder/Head /Shoulder)
and is in a long way now.
Also has climbed above my long setup level from last post.
so has climbed above the major resistance BLACK LINE.
LONG NOW
Good trades
If you want to support my work and my charts please like them...
Renkotrade
LTC LITE COIN LOOKS LIKE GOOD BUYLite coin looks like a good buy here we are still low on the RSI on the 12H and the Daily we are having a little bit of consolidation people profit taking after the quick gain today after the 69% pullback. Support is at 76 if this support line fails than cut loses quickly.
Litecoin SHORT But Big Chance of Trendbrake has come in 1 HR #Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
As update to my Chart from few hours ago
Litecoin is really the strongest among all cryptos at the moment.
There is only a small step to go, get over the bridge of 93.20/94.20 USD
Maybe it jumps really above theses resistance zone
and than we are in a long setup again.
Watch out !!
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Litecoin LTHUSD SHORT All Supports Broken 1 HR Chart#Litecoin # Bitcoin #Ethereum #LTCUSD # BTCUSD
Hellot o all watching my charts.
Short is the game to play in all cryptos since some days.
I do hope you have followed ,my charts and have seen the sinals
yourself and are winning money.
Now one support after the other brakes , as i write that
next support have been broken.
Next Hold is 66 USD !!
Difficult to write that as the pair has traded as double
prices 1 week ago...
But only reality counts..
If you want to support my work and my charts please like the,
Good trades
Renkotrade
An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend)
The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5
Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way.
Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
LTC long ideaLTC long idea.
Buy 0.0076-0.0081 (daily 1D bullish OB)
T1: 0.0105 (1st 1D bearish OB)
T2: 0.0115 (2nd 1D bearish OB)
T3: 0.0142 (3rd 1D bearish OB)
Reasoning:
C wave in a larger WXY correction.
C wave is a zigzag 5-3-5 correction with an extended 1st wave correction.
1D bullish OB in the green box.
there is 1 below it at 0.0071 which may also be a target. but since the USD version of LTC looks bullish af, i don't think we'll hit thta.
Simple bullish divergence appearing on the RSI, slow and fast oscillators over 14 periods. medium strength signal.
Litecoin LTCUSD LONG in my very shortterm channel#Bitcoin #Ethereum #LTCUSD
Hello to all watching my charts
Nice situation here in Litecoin today
As showed yesterday we have made the move above 118.00
(you remember the arrow and my update ? )
and in the very very shortttime channel we re now in a long situalation
Now everthing depends on whether the support at 114.50
(lower black line) will hold or not.
IF ! it hold "stay long" or "go long" would be to shout
BUT be careful, the timechannel is extremly shorttimed
so the chance that it hold or not is even 50: 50
Will the low support fall, we will be back in short terratorium at once !.
Good trades
If you want to support my chart and my wokr, pleas like them
Renkotrade
LTCUSD SHORT Till MIN 112.20 or much worst#Renkotrade
Hello to all watching my charts,
In the fall of all crypto currencies there is one crypto which seems to me
one of the worst and so one of the best short trades.
So lets have a look at
Litecoin / USD = LTCUSD
The pair had had found af fine bottom at 112.20 and started an impresssive rally
from this point to nearly 134 which is 20% up !
Than we had seen unfortunately broke of one support after the other.
First 127.50
Second 127.00
Third 125.80
In additon the trendline long brake
(All these breaks to the low i have marked with black lines here)
If now if you will go long , for a trendchange we must see
minimum the 115.00 in 2 days
or thats the opposite scenario , if the last support at 112.00 will break
the pair will be traded much lower in my eyes.
So be carefull with long engagements here,
check the next days and we will have a decision here.
Good trades
If you want to support my woerk and my charts , please like them...
Renkotrade
But than in the fall of all cryptoswe have now a fall below 3 supports
(sown in black in my chart) and after that no botom is to see.
Litecoin can be Good idea to Invest in Long TermWhile the price is above the support 64.45, beginning of uptrend is expected.
We make sure when the resistance at 109.10 breaks.
If the support at 64.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support at is broken, so the probability of beginning of uptrend is decreased.
While the RSI downtrend is not broken, bearish wave in price would continue.
Buy with price action and confirmation when price is in Buying Area.
Happy Trading.
Litecoin Price Target Reached $LTCMy litecoin price target has been reached and I'm closing it here. It could go higher to but as the old adage on Wall Street goes ""Bulls make money, bears make money, pigs get slaughtered".
For those that asked what my next target would've been, it's 0.019429 LTC/BTC and after that I'm predicting that it's going to be pretty gloomy for Litecoin for the following two months.
Would love to hear your thoughts. Thanks and happy trading!
Target reached, LTC should retraceA few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in the long term and when and where I´m expecting this to end, but for now it not finished.
We could see another small pump today? Yes, so if you like this idea and want to trade it but you are not sure yet, then wait until tomorrow´s new daily to see where it have stopped and then take your trade. Once again thanks for watching and hope to see you in my Telegram group soon.
Previous analysis
Litecoin just about to break down the current trednlineLitecoin is not being able to break 61-62 level with conviction and is currently just on the edge of the trendline that gave support to this uptrend. If the price manage to breakdown the channel you will see a nice drop with huge volume involved.