If you wish short LTC, look first to chart before last halving!Some people are suprised, that LTC dont dumping, when TA show that it should be. But look at chart before halving, and no at chart before few months from today. You will be suprised.
Litecoinusd
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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Litecoin Above 50 day EMA, But RSI and Stochastic Close to SellThis chart points to a number of conclusions. First, Litecoin is obviously the best performer over the past few weeks and if we extend this to November 2018 its still the best performer. Second, price action is still moving above the 50 day exponential moving average, so that's good. However, RSI is close to sell and also the stochastic oscillator is flashing sell. If you were smart enough to get in at November and hold it until now, then I would suggest to sell and enjoy your profits. We could go higher, but if November was your entry then definitely get out now. For those who did not enter in November, I would be cautious in the short-term.
I have many more words and charts on Litecoin and its performance compared to other cryptos here if you're interested: anthonylaurence.wordpress.com and feel free to check out any more of my content here: anthonylaurence.wordpress.com
Litecoin might fall 61.50 is crucial level below that point it might fall till 52.50 bottom of the trendline.
Short-term short, Medium-term longI'll be honest. The only reason I am writing about Litecoin is because I find it to be the least unattractive crypto on the market. First the view from 30,000 feet up and then lets get grounded in technical jargon.
Equity markets are dying for some incentivization for uptrend and if main US indices go under cryptos will probably not be a nice place to be for several reasons. First, its one of the most speculative asset classes out there beyond junk bonds. 10,000 feet down, price action is extremely volatile making by definition the risk of these assets to be extremely high. The beta is not your friend on this one. And if we want to look at the technicals, oscillators at the daily level are telling us it may be a time to sell.That's not to say that we will see a huge correction down to previous lows, but oftentimes pullbacks are healthy components of normally functioning price action and assets. I must say though that this particular chart reveals some scary looking candlesticks, in particular the huge long-tailed Doji that came up a few days ago if you look at the hourly or four hour chart (I forgot which to be honest, but its there so take a look). This signals massive indecision in price action. In sum, and I've said this before, I like Litecoin compared to other cryptos as it has been recently the best performer of all the majors. But again, I am not going to open a margin account and pour everything into here. That would be, well, a truly confident move in a market which saw a massive price movement to the downside to put it nicely. At any rate, good luck trading this as the shorter-term direction moves could be more lucrative for you.
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Warning!!! Possible $6-7 DROP in LTC Price, C:$59.03 Hurry!!!Hello dear readers,
Litecoin has been going on a run for the past couple of months. The chart is looking oversold, perfect time to short.
We use bitmex.com to short crypto assets. We will be using the LTCH19 contracts.
Trade Instructions
Trade: SHORT LTCH19
Current Price: 0.01480
Time Frame: 4 hour
Leverage: 5x
Buy in: 0.01475 - 0.01480 - 0.01485
Take Profits:
1. 0.01462
2. 0.01447
3. 0.01428
4. 0.01389
Stop Loss: 0.01617
Estimated Liquidation Price: 0.01753
Profit Potential: 30.43% ROE
Capital Allocation: <8%
Reasons for this trade:
MFI trending down on 1D time frame,
Overall trade volume lowering (low amount of buyers)
Easy short.
Enjoy
-Shaggad
Litecoin! Will History Repeat?! LTCLitecoin! History repeats until it does not.
Note Litecoin 2014-2015 vs Litecoin 2018-2019
Three Peaks
A low, turned (quasi) descending triangle
Fallout, with rounding bottom, corresponding with RSI oversold to overbought rotation
High, followed by a big drop into consolidation for next bull run ??
The similarities are undeniable. What remains to be seen is if the history keeps repeating. If history does continue to repeat, it is conceivable to see a mini blow off top in the last few weeks of March. Or even a top near current levels could go along with the structure.
Looking at 2015, when the 50 MA crossed the 70 MA, the high was set within 1 week, before the descent into a long accumulation. Now in 2019, the 50 MA will cross the 70 MA on this current candle.
In either case, there will be more lows, more consolidation, and more attractive prices to buy litecoin in the future, not now....IF history repeats.
So what do you think about Litecoin? Will History repeat?
There is a possibility for the beginning of an uptrend in LTCUSDMidterm forecast:
While the price is above the support 30.05, beginning of uptrend is expected.
We make sure when the resistance at 74.35 breaks.
If the support at 30.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 66.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (42.20 to 30.05). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (42.20)
. Ending of entry zone (30.05)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 55.15
TP2= @ 64.45
TP3= @ 74.35
TP4= @ 89.45
TP5= @ 109.10
TP6= @ 130.95
TP7= @ 165.05
TP8= @ 196.55
TP9= @ 237.40
TP10= @ 295.80
TP11= @ 370.35
TP12= Free
DANGER! Careful with daily multiple bearish divergences!!!I've noticed LTC is about to drop hard. Daily RSI is diverging heavily from price. It has diverged four times, so it will necessarily drop.
This is not financial advice. I won't be responsible of anything if you base your trading in this idea.
Have a good day. =)
Short Term Pullback, but Could Still Trend UpWant to start this out by saying I have incredibly skeptical of cryptos. That said, Litecoin is definitely the best performers of most of the majors on a percentage basis. So that said, I think price action could in the medium-term see a few more gains if this trend can continue. However, RSI and stochastic indicators are leaning towards a pullback flashing overbought signs. But small pullbacks are healthy and after that we could continue upwards. Let's see.
Can Litecoin Break Through This Key Resistance Level?Litecoin has been dominating the market lately and leading the altcoins to higher highs.
However, we are now at a very important resistance for Litecoin.
It is going to take a lot more volume to break the previous support level that has now flipped as resistance.
We are in a massive rising wedge with declining volume and bearish momentum is starting to take over.
The only thing I can see that keeps Litecoin propped up here and breaking through the resistance is that short interest is at all time highs on Bitfinex and much higher than long interest right now, which means we could get a short squeeze that takes us for further upside momentum.
One big volume push could create a cascade of short liquidations to push us to higher highs.
Either way, I would encourage you to raise stop losses and/or hedge your profits if you are still in on this trade because if it turns down, it'll probably be fast and vicious.
If we do break down from this wedge, I'll be looking at a potential re-entry around the 70.6% fib retracement level for a strong S/R flip.
Happy trading!
