LTCUSDLTC seems to be at the of a long time elliot wave and may enter a ABC correction wich might take place towards the end of december or even in January. And it should reclimb towards the $80-$100 before another pulldown.
Litecoinusd
Litecoin fractal LTCUSDLooking for a bottom, if fib line doesn't hold (it should) continuation of the downward channel will be seen. Still practicing these fractals.
LTCBTC Bullish wave fractalLTCBTC is trading in a downtrend, close to the 0.786 fib line, this could lead to a new bullish wave as previously seen.
PENDING RALLY SHOULD RESUME ON LITECOINLitecoin just completed a leading diagonal pattern in wave (i). Leading diagonal usually points towards the direction of a larger trend.
So a move higher is wave (iii) is so crucial.
Best,
Veejahbee.
Litecoin bottomed?Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
Litecoin longterm uptrendLite coin still within longterm uptrend trading range, I expect this price to repeat the previous and trade sideways after collision with this upward trendline. A bounce off this trendline would be beautiful. Litecoin has the most developed ecosystem for a stablecoin imo.
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.
LTCUSD Heavy26.11.2019 - Possible movement patterns of lite coin, strong descending regression trend. Pretty good scalping coin.
LTCUSD - Broadening Bottom (Megaphone) Pattern - Target $75 Price Target: B - D line (Approx $73)
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
www.tradingview.com
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com
LTCUSD - Aweosme Setuplots of divergence on this chart. set up looks great for some push to the upside.
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking very interesting. I am really curious to see how this next week plays out. I expect BTC dominance will keep falling allowing Alt-coins to fluctuate less influenced. I would love to see LTC come down to $25-$30.
LTCUSD formed bullish Shark | Upto 38% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 49.082 to 44.959
Sell between: 53.285 to 62.083
Regards,
Atif Akbar (moon333)
LTCUSD formed bullish Shark | Upto 14.5% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.53 to 55.66
Sell between: 59.68 to 63.94
Regards,
Atif Akbar (moon333)
100% Return potential in Litecoin?Did we finish the final leg down in LTC with a flash drop, breaking support around $56 was crucial and we saw immediate downwards action!
The lowest point , for now, is @ $53.89 - any price below is a bargain IMO.
Targets in the upper region around $106 - $122.
Let's have some FUN :)
*** - This information is not a recommendation to buy or sell, It is to be used for educational purposes only - ***
LTCUSD - Diamond Bottom and Long Term PossibilitiesBull Market: 53$ - 75$ - 250$
Bear Market: 53$ - 25$
Good luck!
Is Litecoin REALLY About to Go on A Bull Run?Hello Traders,
I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below).
From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin just had a pre halving pump very similar to the July 2015 pre halving pump. Price in 2015 took about 55 days to retrace to the 0.786 fib level and then it went sideways and up. Today the price took 123 days to retrace to the 0.786 fib level which has been supported by the bulls with a wick and a bounce.
On the weekly chart there has been bullish divergence on the RSI and price is currently hugging the weekly 200 MA.
From an EW perspective things are actually looking pretty normal and it would seem a sensible conclusion that price will go up here.
Following up on my previous analysisLast time I made a post on LTC was at $55 and I projected to hit $60 - $62 easily in the close future. We are now in the future and seeing that my analysis was perfect calling this trade weeks ago. Having opened a position here which I gave a signal for in my TG channel I am now closing this trade.
