X marks the SPOT - LITECOIN hits a bullseye on its way outAn important moment for LITECOIN as it reaches FIB level 1.6, AND the possible top trend line AND crosses MACD. It's just ANDing all over the place! It's just hit a bullseye, and is ready to move. Looks like a little mini U dipping in and out from the line. Look for another strong candlestick and then go long onto the NEXT LEVEL BABY.
Remember, if you were right and I was wrong... That makes you a better person.... Okay, I admitted it.. GEEZ
Litecoinusd
LTCUSDT Symmetric triangle formationLTCUSDT (Day CHART) Technical Analysis Update
Waiting for the Symmetric Triangle Breakout
LTC/USDT currently trading at $203
Buy-level: Above $215 (only buy if the 4H candle closes above the symmetric triangle)
Stop loss: We will update once we see the breakout
Target 1: $240
Target 2: $275
Target 3: $300
Target 4: $350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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LTC - 6h. The loss of $183 will lead to a sharp drop to $140In the previous idea, we expected a test of the $ 196 mark:
The boring price movement within the triangle showed us where the liquid range to buy is. We are talking about the price of $170-175 . This range sustained the first hit on February 22-23, when the LTC price fell non-stop.
Please note that this range did not stop the total decline in LTCUSDT, but it slowed down significantly. The importance of this price range is also confirmed by a new wave of growth that began on March 5. Only after buyers managed to take control of the $170-175 range and test it at low volumes, a 30% increase in the LTC price began :
On March 25, buyers were again tested for strength. However, the $170-175 retest passed without much enthusiasm from the buyers. The new wave of growth began rather sluggishly and now the LTC price is near the critical point.
If we analyze the LTCBTC chart on a weekly timeframe, the reason for the slowdown in the growth of the LTC price becomes clear:
Stopping the growth of the BTC market and the fall in the price of LTCBTC has a bad effect on the price of LTCUSDT. Therefore, it is the new upward impuls e of the LTCBTC pair that can significantly revive the LTC price and help it get out of the upward triangle.
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LTC - Incoming Wave 3 Peak?A study of Litecoin in the daily logarithmic chart, and its Elliott Wave formations. I point to the similarity in Wave 1 breaks after a bullish MACD cross, where price rises rapidly after scaling the 0.5 Fibonacci projection line.
What do you think? Are we running for a double top with the All Time High in 26 days or less?
LTC - 4h. New test range of $208-215?As early as 2 weeks ago, a local downward trend began on the LTC market , which successfully corrects the previous wave of growth from February 28. Unsuccessful attempt of buyers on March 15 to gain a foothold above the range of $208-215 ended with the activation of sellers. In fact, for 5 days, the LTC price consolidated below the $208-215 range before starting a new downward impulse.
The main struggle in the LTCUSDT market was fought around the mark of $195 and $215 . In the previous idea, we indicated that if buyers keep $ 193-195, they will be able to break through $ 208-215:
The mark of $195 also played a key role on March 24th. It was after a weak test by buyers of this range that the LTC price fell by 13% in a few hours.
Thus, sellers managed to test the range of $170-175. At the moment, the LTC price is moving in a local channel of decline. The critical point for sellers is at $ 187. If buyers manage to take control of this mark, we will expect a re-test of $208-215.
However, in our opinion, in order to start a new wave of growth, buyers need to pass the test again in the range of $170-175 . In a negative scenario, the price of LTCUSD will continue to move in the white channel of decline. Therefore, it is worth closely monitoring the re-test of $170-175 and making decisions.
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[30 Mar] Litecoin Retesting Y2018 Price LevelLitecoin's BULLISH strength remains as we managed to see several crucial rejection followed by a strong BULLISH climb. As of now, I am expecting a breakout in price level from its recent top (yellow circle). Having said that, I am eyeing a 361.8% fibonacci movement while taking note that there is a strong resistance level @277.45 price level. At which, I believe that there will be some BEARISH pressure on Litecoin. If we managed to see a clean breakout of that level, I am expecting Litecoin to skyrocket (breaking its all time high).
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LTC Ready To EXPLODE!LTC is looking fantastic right now! We are soaring through the 0.3 FIB level and could even see a push to the 0.5 FIB! I'm confident LTC is going to have a great close today around current prices and then tomorrow continue that push up! The RSI has just crossed the 50. mark indicating an uptrend and isn't very close to the overbought area! The Stoch RSI same thing we are flying up and still only around the midway point. Now the MACD is probably the most bullish Indicator on here, we are about to see a potential Golden cross and big push from the bulls! We will follow BTC but both are looking very bullish and i think we are going to see a strong April! NFA just my opinion!
💡Don't miss the great buy opportunity in LTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (180.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 197.00
TP2= @ 207.90
TP3= @ 229.90
TP4= @ 247.10
TP5= @ 261.90
SL= Break below S2
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💡Don't miss the great buy opportunity in LTCUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (180.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 197.00
TP2= @ 207.90
TP3= @ 229.90
TP4= @ 247.10
TP5= @ 261.90
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LITCOIN (LTC) UPDATELTC / USD
in my last Analysis about litecoin i draw long trendline support and we see ema 50 in which the price respected it perfectly since October
Today we got first bullish price action at support level
According to previous LTC behaviors since October we can expect pump soon around this area
Bulls should hold lower trendline which is very important support here
Good luck
LTC I entered into a Long LTC position on 03/25 at 176. This was the area that the intraday price made a higher high to indicate a bullish reversal. Supporting indicators are that LTC was falling on the trend line and CCI indicated an oversold position. My stop limit is 168 and my target price is 195. I am projecting that LTC is beginning to form a Head and Shoulder formation.
LTCUSD Still Reversing, Pump in AprilLitecoin did not pump off the MimbleWimble news to $262 and instead rejected off of $218 before coming back down to hit the $183 level.
I'm expecting Litecoin to accumulate / consolidate along the $171 - $183 zone of support going long towards higher highs. This is going to take some time to reverse because LTC is still in the middle of reversing as we speak. It isn't going to go straight up right away and its going to take a bit of time.
Honestly I don't see Litecoin moving until next week when we see the new monthly and quarterly candle, which is next week at the start of April.
Levels of re-entry should be around the $171 - $183 zone along the topside of the channel and from here, LTC should regain the 2018 high as a level of support and finally wick the weekly resistance at $262.
LTC has been the slowest of the movers alongside the likes of BCH during these past few months of the bull market and definitely has been a sleeper. As always, Litecoin is going to continue moving slow into April until it eventually pumps and breaks out of this $183 - $218 nightmare range.
Thank you for all your continued support and as always please do your own research! 🔬
LTCUSD - Short to $215 or long to $260As seen on the chart, we have a double top pattern (the M pattern) which signals price to fall back to the previous support line at $220 which is the lower trendline.
Also, a trendline breakout upward may occur, and push price upward to $260
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