LTC/USD - Back To the Future :-) LitecoinI am back again with another market analysis. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
LTC/USD - With price currently moving sideways along the VWAP, I believe this is an excellent time for LTC traders. This week I did not do a midweek market analysis on LTC, but what I love about the cryptocurrency is there is less crazy volatility. On the other hand, volatility makes for great opportunity. If you check the price on 6th-8th April, you can see that the ATR deviation band were tested multiple times before retracing back down to the VWAP. The pullback is excellent because it is now enabling long term investors to add to their holding. If you are looking to buy LTC, then ensure you make your purchase under $80. At the midpoint of the month, LTC has already retraced 15% and is the reason why you should never buy above the VWAP.
"Patience is the key to any market" - Nathaniel
Next update will be in the coming week - Thank you for your love and support.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
Litecoinusd
LTC Consolidation, the next move awaits.We can see that that LTC failed to sustain it's upward pressure and started to pull back, while BTC actually broke to the upside and had a substantial move before pulling back. Remember, we laddered in from 70-60(depending on where you saw my posts) down to 55, even 40 in some cases. We are in very good position to hold for a move up. Now, my last post update said, don't let your profit get from you. You could have easily sold at these highs and made out nicely. There has been plenty of opportunities to do so. But the choice on holding or selling is really determined by your comfort level and how you emotionally react to volatility.
What now? The main critical area we need to watch is this $60-65 area. If this area breaks, we could very well be in for more downside. When we look on the daily chart, we can see LTC followed an oversold pattern and is going through a normal correction. This could give us pause, however the weekly chart looks very strong. It's trend has reversed to the upside, MACD is moving slowly and gradually to the upside. This tells me that this pullback is normal and we should get a stronger move to the upside and as all things cycle, it will take days to consolidate for another move to the upside.
Happy Trading and hodling,
-Sherem
Cryptos and Blockchains .....completely worthless scams?Back in a time closer to the 1990s, I remember these neat little Nokia cell phones that handled its own little custom database of user info. PDAs had databases. Everywhere now, you see little laptops or your local cafe down the street tend to handle their own databases pretty well.
But what does the community here think of BLOCKCHAINS? And CRYPTO?
What makes these terms so magical?
What differentiates any of this to a private databases? For what advantages?
(this is all excluding Bitcoin - because if you peruse the space, one sees this odd narrative behind 'blockchain' / 'crypto' outside of bitcoin)
No need to be talking about Bitcoin here, because the world has seen & recognized Bitcoin's magic combination that truly made it unique and genuine.
Again, don't talk Bitcoin here, the world already sees what sets Bitcoin apart from a database or 'blockchain' or all these scam cryptos as setforth below - as Bitcoin had this magic combination of;
-Limited to no central points of failures (no silly foundations or key people that have influence),
-Most hashing rate securing integrity of the ledger from individual operations everywhere in world
-Geographically dispersed throughout the world in terms of holders, users, node runners, miners, companies, investors
-The hardest form of money as it is scarce supply of only 21million
-Open source code that is continually developed CONSERVATIVELY with security in mind and to limit creating central points of failure
-It rendered useless the myriad of attacks for over a decade ranging from denial of service, transaction spamming, node spoofing, miner takeovers, liquidity shocks, malicious coders/BIPs, misinformation campaigns, forks, media, 1000s of new cryptos spam, etc
-Incentivized & protected with Proof of Work
-Coded in a way to be long-term store of value, to be simple, and limit potential attack vectors
-Most liquid & recognized traded asset across many different on-exchange & off-exchanges throughout the world
-Most protected from attacks of double-spend
-Best, consistent appreciation as long-term (4-year) store of value asset on earth
-Honest, transparent, Open ledger & history for everyone to see
-Lightning network (read about it and try it)
But just because the Bitcoin crypto has a magical Bitcoin-blockchain that brought a world-changing paradigm, what is special about 'Blockchain' or 'Crypto'? Anything?
#LTCUSD Is it time to get excited?Our technical analysis on LITECOIN/US will focus on the 2 indicators we added to the above chart.
Stochastic-This indicator knows how to find such trends by a mathematical formula invented by George Lane (briefly on the indicator) as you can see we are currently in the 80 range that's a range of being overbought
Ichimoku- this is an indicator for finds trends and not in order to find corrections that the market can make.
According to the above indicator, On the daily chart, we are on a rising trend as the price of the LITECOIN is above the clouds and is accompanied by a rising green cloud. On the weekly and monthly charts,The trend is still declining and the Litcoin will have to continue the rises consistently to change this trend as well.
In conclusion
The trend formed on the daily LTCUSD chart is an upward trend but we have reached overbought signals and therefore we recommend a sell signal
Sell LIRECOIN:
Entry price:86.68
Take Profit: 65
Stop Loss:100
Litecoin Fibonacci and Technical AnalysisIs Litecoin back to uptrend? Will Bulls win Bears? Technical Analysis can help us believe this.
Aplying Fibonacci from lower low and set 50% level on important resistance level (56.40), we can see 100% on $90.
Average moving 21 is crossing AM200, highers high and highers low show us the uptrend.
However bellow $43,70 price can back to dowtrend.
Estaria o Litecoin entrando em tendência de alta? Topos e fundos ascendentes no dizem que sim. E ainda temos a media móvel de 21 cruzando a MM200. Usando analise técnica com apoio de Fibonacci podemos projetar alvos ousados em até $90.
Esperemos por correções e continuação do zig zag ascendente.
Pelo lado da queda se perder fundo em $43,70, pode voltar a tendência de baixa em busca do fundo principal.
Target reached, LTC should retraceA few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in the long term and when and where I´m expecting this to end, but for now it not finished.
We could see another small pump today? Yes, so if you like this idea and want to trade it but you are not sure yet, then wait until tomorrow´s new daily to see where it have stopped and then take your trade. Once again thanks for watching and hope to see you in my Telegram group soon.
Previous analysis
LTCUSD Still Best Performing CrytpoIf you have the guts for exposure to such high beta (if you're familiar with the concept of variance) then getting into a basket of crytpos is for you. And if getting into a basket of cryptos is for you, then most of your exposure should be to Litecoin, not Bitcoin, Ethereum or EOS. As stated several times and reinforced today, Litecoin remains the best performing crypto if entry in late 2018 to early 2019.
Litecoin Enjoys Longest Bull Run Since 2017The price of LTCUSD is now the longest bull market run since the run up to record highs back in 2017-2018. Moreover, evidence suggests there is still a bit of room to run before we run into some technical overbought territory as suggested by our SSI and sentiment indexes. While Daily FX does not provide sentiment analysis for Litecoin as they do for Bitcoin, we can definitely use this data on Bitcoin as a proxy for Litecoin as Bitcoin tends to be the market leader in price action because it is the higher liquid marketplace. Even so, we know that Litecoin and Bitcoin are clearly cointegrated. More on that and Litecoin here: anthonylaurence.wordpress.com
At any rate, we could still see some upward momentum in LTCUSD which, again, is a much better performer than any of its major peers in spite of its relative illiquidity compared to Etherum or its the crypto behemoth BTCUSD. That said, risk off sentiment will probably lead to price volatility in the crypto market if we see a broader selloff in other high risk markets such as corporate debt, or junk bonds. Expect that to also potentially occur definitely in the next year.
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Litecoin: Considerable upside potential.LTCUSD is on a strong 1W uptrend (RSI = 55.721, Highs/Lows = 12.2386) following December's bottom. The RSI is still far from its Resistance zone (70 - 74) and the current 1W bullish leg has the potential to reach +796% from the bottom before it consolidates. We expect a figure around 120 by the end of June.
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Heading Towards Major Sell SignalThe Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for.
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