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Litecoinusd

Litecoin: Important Bullish BreakIn this chart, against USD, Litcoin can be seen in the rising channel, and within that channel there is a symmetrical triangle with a price target of the upper trendline for the channel, 157-160. It is possible that this current move is an upthrust, however, it will be retesting the top of the symmetrical triangle even consolidating there before it makes another drive. If the top of the triangle does not hold as support, it would be an upthrust, and I believe it will be highly likely that it will fall out of the channel if it breaks to the downside. On the daily chart, it can be see that there is a diverging channel in the RSI, however, this just means that litecoin has lost some momentum, in addition, it is highly possible that it will break out of this channel to the upside if this move breaks to the upside. The RSI is presented here:
COINBASE:LTCUSD
by CuddlyCuddles
LTC long exit strategyBeen riding this entry since $34, the halving pump has meant it could be traded bullishly all the way, i was expecting one final parabolic move to $170-$200 but we cant be too greedy considering the amazing gains its given all the bulls. LTC has formed an evening star pattern on the daily which is a strong reversal pattern, granted it might just reverse $10-$20 then continue with parabolic moves up, but my current exit strategy is im anticipating a bounce at $121 levels where we made decent resistance previously, im hoping to sell this bounce as soon as it starts to show signs of a dead cat bounce eg when it bounces from $121 if it starts to stall at $128 that will be my sell signal and the end of a very good long bull run for me. im also putting a hard SL just below $121 in case there is no bounce and we just have violent drop. Good luck traders.
BITFINEX:LTCUSDShort
by kayb100
3
Litecoin has no light :-(There is no surprise at the moment that cryptocurrencies are not doing very well this week. Check out my BTC analysis if you have not seen it already. Now! LTC has struggled this week to push back above the weekly VWAP (Dark Blue line) which is a little concerning to me. With price consolidated around the previous monthly VWAP level (Yellow Line), which is also the current 30 - day VWMA and the fact that these levels sit on $100 I would be placing my hands in my pockets for now. There is no reason to buy litecoin at this price, and if we drop below $100, there will be a steep drop towards $90. WARNING: With the weekly VWAP in a downtrend this week should be off limits to buy litecoin until we see a close above the monthly VWAP and price sustains a level above the weekly VWAP. On the opposite spectrum, a close below $100 would be the right place to load up on more litecoin for a long term hold. LTC will not end this year below $100 especially with the litecoin halving in two months. Use the value area on the chart as a guide but be careful as the price could be heading towards the three months low, which is the the 90 -day VWMA (purple line). Check out my blog below and remember to like this post :-) LITTLE BIG MOVEMENT LATEST BLOG POST "Patience is the key to any market" - Nathaniel. Next update will be on the 1st June 2019 - Thank you for your love and support. Regards Nathaniel - "The value Trader" Little Big Movement
COINBASE:LTCUSD
by Little_Big_Movement
2
Litecoin is refuelling once again Once again, I can only laugh at what Is happening in the cryptocurrency markets. Remember to follow me on Tradingview and check out my blog below. LITTLE BIG MOVEMENT LATEST BLOG POST While I had made so notes on the current market before going to the gym, it turned out that 1 hour was all it took for cryptocurrencies to pull back. If this is the first time reading one of my market analysis ideas, then you will be in for a treat. As a VWAP trader, I like to look at the volume weighted average price using the Bi-Weekly & Monthly VWAP lines. It is easier to find great spots in a clear trend when the price shoots away from the VWAP. As we all know, price MUST retrace back to a central point. Looking at the current value of Litecoin, you can see that this colossal selloff has broken both the Bi-weekly (light blue) and Tri-Weekly (dark blue) VWAP lines, but bounced back between both VWAPs. In my eyes, this has confirmed that buyers are not willing to pay more than $120 as it stands, plus we have now seen a 17% drop from this month high at $121. This should come at no surprise, and if you are looking to enter this market, you will be looking for prices between $101 - $88. Take a step back for a moment and look at the points of control on the chart (red arrows). As they have not been breached, they will be a potential price point which will see price move towards. $101 will be breached, and I am confident the price at a "bare" minimum (pun intended) drops below the monthly VWAP (yellow line). The monthly VWAP will be making its move on 1st June, which means you will need to be ready for the next opportunity to buy more Litecoin. I have provided you with an excellent value area in green to buy more Litecoin. If you can stay patient, I would wait until the 1st June to see if the Monthly VWAP moves above $100. "Patience is the key to any market" - Nathaniel. Next update will be on the 1st June 2019 - Thank you for your love and support. Regards Nathaniel - "The value Trader" Little Big Movement
COINBASE:LTCUSDLong
by Little_Big_Movement
LTC - Bull flag forming or pull back in this channel?Hi folks, welcome to this analysis on LTC. We have had quite the run thus far and have seen LTC make new highs all the way to 120. We have had positions long on LTC from 70ish, some lower, some higher depending on how you did your ladders and entries. Right now, we want to protect our profits and see if we can't re-enter at possibly a slightly lower price. But importantly, we want to protect our positions. So! Before I tell how I am going to do that, let's look at what's going on. RSI- We have RSI creating this double top on the daily, almost divergent like but not quite. This could be a sign that we'll get a pullback. but you'll also notice that it's ascending, almost like an ascending triangle. This could lead to another big move up. MACD- Daily MACD still shows a lot of strength. The weekly ESPECIALLY shows a lot of strength. This could be an indication that we are just forming a bull like flag, and will continue higher. It could also be contested that if we are following the weekly, that we will stay in this pitchfork I drew and march higher as time goes on. The 2 scenario's i see at this point are: 1. We form some type of bull flag and move higher. (this also appears very valid when you look at LTC/BTC and how it's moving) 2. We move down and stay within this pitchfork for another major move up. We're in a really good position with our entries from down low and can take advantage of this. I will be putting a stop just under the bull flag to lock in my gains and see if I can re-enter slightly lower if it triggers. It's important to realize that even if we move lower and get whipsawed, we can always re-enter if we see the bull flag continue to form. If we continue up, we are still targetting just below the 150 area. Happy trading and hodling, Sherem
COINBASE:LTCUSDLong
by Sherem
1
LTCUSD dont hold your breathLTCUSD TA Some key indicators to note: ADX showing strong upward momentum RSI looking overbought (be careful here) Strong upward channel, with 50MA (in green) playing a vital role as support. Expectation: Momentum is strong signalling bullish action. But in the short term, i'd expect to see a pullback to retest the 61% - 78% Fibonacci zone, or the lower bound of this ascending channel. For those going LONG, the 50MA would seem to be a favourable entry point.
BITFINEX:LTCUSDLong
by gingerbre4d