LTC / USD IN CRITICAL SUPPORT/RESISTANCE ZONEHello traders ! Here is my view on LTC/USD. As you can see price is at a critical zone with multiple WEEKLY candle touches around this price. (this zone also held a strong resistance back in 2013, not shown in this chart)
Price action is following the pitchforks descending support level quite nicely, and due to its oversold nature via oscillators shown above, I suspect a change in trend is looming. Of course if we break this level, and hold as resistance, we can expect quite the opposite. But if we manage to create some higher highs/higher lows and climb to the top of the pitchfork channel, gives us roughly a 40 % increase.
Just my two satoshis, and happy trades everyone!
Litecoinusd
LTCUSD formed bullish Butterfly | Upto 27% move expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Butterfly 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: 47.881 to 44.505
Sell between: 50.500 to 56.841
Regards,
Atif Akbar (moon333)
LTCUSD forming bullish cypher | A good long opportunity aheadAfter forming Shark pattern now th priceline of Litecoin / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets
Buy between: 55.78 to 54.57
Sell between: 56.74 to 59.03
Regards,
Atif Akbar (moon333)
litecoin (LTCUSD)-667% Profit Expected-Get Ready for 6x-7x GainsLITECOIN (LTC) - LTCUSD -667% Profit Expected-Technical Analysis
Get Ready for 6x-7x Gains ...
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
TextTarget Profit Range - 53 - 165
(89%-667% Profit Expected)
TP - 1 - 53
TP - 2 - 71
TP - 3 - 94
TP - 4 - 120
TP - 5 - 143
TP - 6 - 165
Buying Zone! Long Position
Early Entry Trigger Point - $25 -$31
Ideal Entry Trigger Point - $18 - $24
Adjust your Stop Loss according to your lot size,
account equity, strategy & money management.
***If you want to get in this trade from this point 54.10 you can still make 31.2% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
Disclaimer - This is not financial advice. This is my personal view and analysis of this chart.
If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, comment & follow , If you agree with my analysis :)
LTC is Generous - %100 Profit Opportunity Approaching LTC is forming a beautiful ABC formation which will probably end in 37-43 usd range. Really beautiful pattern to play.
I am accumulating from these levels as well. Will be laddering all the way down.
After the crash it is obvious that LTC will give us a x2 bounce as it always does. Target will be around 80-90 usd, details will be discussed later.
This is a mid-term trade, can take up to 1-3 months.
Accumulate wisely.
No stop loss for now, laddering all the way down.
PS: Breaking below to 20 USD levels also should be considered if BTC breaks below 4000 usd.
Perfect occasion to enter Long with a tight SL on Litecoin!Hi, Traders ! Monfex is on the air !
Litecoin lies in an attractive position: Long trade on a low risk is possible from here.
* Couple of days ago, Litecoin's crew celebrated the 8 years of network running with $500,000,000,000 worth of transactions registered during this period.
* A week ago, Litecoin made an attempt to break out of the consolidation zone, but the bullish endeavor was not backed up by the volume enough to push the price above $60. As a result, LTC pulled back and marked the second bottom around $51. However, RSI did not follow the price movement much, and now shows weak signs of potential divergence.
* At the moment, Litecoins seems to be lying just right on the bottom, so it might be a good opportunity to enter Long with a really tight Stop-loss. But the uptrend will be truly confirmed when the price runs across 21 Daily EMA at $57.50 and breaks above the descending trendline around $59.
* Likewise, if the Bears intensify their activity again and successfully drives the price below $51, the bearish scenario could be resumed and again activated.
Active trade signal
Buy @ $53 - $54.
Target: $75.
Stop-loss: $49.80.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Bearish flag on LitecoinHi, Traders ! Monfex is at your service !
Bearish flag is seen on 4H TF of Litecoin:
* Litecoin is in the upward sloping channel, which is likely to be interpreted as the bearish flag.
* Usually, many indicators show bearish divergence at the higher highs inside the flag. And that is the case.
* There is a possibility for the price expanding outside the flag formation - to the resistance area just above $60; however, by observing how the things are going now, that is of a small likelihood.
* Generally, we lean towards the Short scenario since the flag formation usually unfolds in the direction of the previous impulse.
* At the same time, the flag formation questions and undermines existing bullish expectations.
Active trade signal
Sell @$58 - 60.
Target: $30 - 35.
Stop-loss: $65.
Risk/Reward: 5(6):1
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
LTCUSD formed a bull Shark | Another buying opportunityAfter completing the bullish BAT pattern now the price action of Litecoin / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 54.06 to 53.12
Sell between: 54.88 to 56.74
Regards,
Atif Akbar (moon333)
**Speculative Trade on Litecoin: +25% on the horizon**Hi, Traders !
Monfex is at your service !
We have descried a hidden speculative Long opportunity on Litecoin.
Take a look at 1H Chart:
* We see 3 evident levels, where buyers were stocking up while the price was gradually capitulating.
* After that, the market entered into accumulation/consolidation phase, where Bulls were pushing the price up persistently crowding out Bears.
* Most likely that Bears have allocated their Stop-loss orders somewhere above the local tops of the consolidation area, that is above $58.61.
* Should we see the price pushing through the specified level on increased Volume, a speculative Long will be confirmed with the target around $70.
Speculative trade signal
Buy @ $55 - 56
Target: $70
Stop-loss: $51.90
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Bears still hold Litecoin ! How long ?Hello, Traders!
Monfex is at your service and today we overview LTC/USD .
What do you expect from Litecoin ?
LTC dropped well, formed a triangle and can be pulled closer to the nearest resistance, it is the ex-support zone near $ 62 and 50% Fibonacci level near $ 65.3 .
But!
You need to act only by some breakout of the resistance with crossover MA50 of the triangle near $ 58 or short by breakout the support line.
It is dangerous to enter the deal without breakout, since the trend is locally downtrend.
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Litecoin Technical Analysis 10/1/2019 LTC/USD Technical analysis. First day of Q4.
Price seems to have finally slowed down near the $55 range after a harsh move down in the last week of September. Looking for more confirmation before entering any more positions. Very neutral for the time being. However, I think if price breaks $60, we could test the $66-$72 range rather quickly, but if price breaks $50 we will see a sharp move down possibly all the way near $34.
Long term I am still personally very bullish on this coin and have been stacking positions all year.
FURTHER DOWNSIDE ON LTECOIN TO $35.5I previously marked up LTCUSD and so far, the market has respected our analysis ( i have attached it below) .
Litecoin still has bearish momentum and is showing potential to continue moving bearish to the $35.5 mark. Across the board, we have been pretty bearish on the Crypto side and we can expect further bearish momentum across the board too.
LTCUSD formed a bullish Crab pattern | Upto 28% expectedBy the grace of Allah the most high after giving more than 29% profit as my previous idea:
Now on smaller time period chart the priceline of Litecoin / US Dollar has formed a bullish Crab pattern and has hit the spike within potential reversal zone but MACD and Stochastic are still bearish therefore the priceline may give us another chance to catch it from PRZ area insha Allah.
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: 63.55 to 58.97
Sell between: 67.10 to 75.70
Regards,
Atif Akbar (moon333)