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Litecoin:USD inverse head and shoulder breakoutHello All, This is an exciting one, as litecoin has broken out of its inverse head and shoulder, here we can clearly see that the right shoulder is very small compared to the left shoulder which is a really bullish sign. The price objective of the inverse head and shoulder pattern is approximately 90, and, although, we are up against a small section of resistance, it looks like the pennant will break upwards and through the resistance. As for the RSI, there is nothing to worry about there because there was a recent break out and it could be in the over bought region for extended periods of time. Best of Luck and stay technical! Previous analysis: Current LTC:BTC Analysis:
COINBASE:LTCUSD
by CuddlyCuddles
2
Litecoin:BTC Push Through!Hello All, I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it looks like litecoin is in a much larger descending channel and with the strong movements it had last run, I suspect that there will be a strong chance to reach the top of the channel which would be an approximate increase of 100% against bitcoin. I have marked all of the horizontal resistance regions with red rectangles (all of these areas are possible points of accumulation or reversal). Shorter Time Frame Analysis: In this image, there appears to be a complex head and shoulder, with two shoulders on the left, however, it is possible this left shoulder may not be symmetrical. If it is not, I would be suspecting strong moves through the resistance and a consolidation above it. If the left side forms a second shoulder because it is rejected at the resistance. I am looking for a retracement back to 6800 satoshi's. Best of Luck and Stay Technical! Previous Analysis:
by CuddlyCuddles
ridethepig | LTC Market Commentary 2020.01.31LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows. In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x. The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows: Good luck all those buying dips in LTC and BTC. As usual thanks for keeping your support coming with likes, comments, and etc!
COINBASE:LTCUSDLong
by ridethepig
LTC - A lot of potential upside!I like charts like this LTC chart here. It gives a high probability that if we move in a certain direction that we will continue to do so. If we take the last percentage that LTC went up by and apply that to the next run, we get a hefty move all the way up to almost the $250 area. Maybe that will happen, but a significant resistance point is at $200 where I think we will get a pullback or at least stall at that area. Weekly MACD = Crossed. Weekly RSI = Created a higher low and is moving up The overall chart created a higher low happy Hodling, -Sherem
COINBASE:LTCUSDLong
by Sherem
2
January Litecoin Price PredictionPrimeXBT has investigated the markets and found some relevant data about LTC/USD that we would like to share with you. Litecoin bulls could push the digital asset towards the upper boundary of the small ascending channel, with a breakthrough the resistance line of the falling wedge being a historically bullish reversal formation. Also, the price hit its main resistance level of $52, but it needs some further time to close above it. On the other hand, a break below the $48 support level could provoke an even deeper decline towards the $40-36 support zone. Major crypto assets such as Litecoin, Ethereum, Ripple, EOS were long overdue to see some relief rallies or recovery from their low support levels. Whether the recent upside movement of the crypto market is the start of a proper "Altseason" or merely a strong reaction to testing low supports still remains to be seen. Historical data indicates that it is too early to determine that an "Altseason" is beginning, and with most assets being down so significantly against their BTC trading pairs, it is difficult to consider whether their recent upsurge was large enough to position the market for a potential rally. Resistance Target Zones: $62.2 - 64.4, 78 - 80 Support Levels: $50, 48, 43.8, 38, 36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC PrimeXBT only offers you the most valuable analysis each day. Keep an eye out for more PrimeXBT trading signals for other assets.
BITFINEX:LTCUSDLong
by PrimeXBT
2
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
19
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
10
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD . According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture. Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38. Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level. Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels. If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal. Resistance Zone: $45 - $50 Support Level: $40, $38, $36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC The best way to get consistent quality analysis is to follow us. As always, be careful, and don't forget about capital & risk management.
BITFINEX:LTCUSD
by PrimeXBT
2
LTC|USD - Head And Sholders PatternGreetings. Please leave a Like if you like the idea Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position. - The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support. The position should be taken only when price close above the Neckline what will confirm the pattern to work. Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content. Peace Out! Not a Financial Advice
BITSTAMP:LTCUSDLong
by UnknownUnicorn6061584
1