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LTC-BTC

LTC -- The critical MA200 handle: To bull on, or to let go?Two paths here for one cup handle, to complete the cup and handle formation/pattern. No doubt this has been looked at before, however, at this critical moment, as it relates to the cogent analysis for BTC by TradingShot linked to below, a similar MA200 cross for LTC is in process and will likely to need to be defended to turn the small upswing ripple now on fading momentum into a contender for a bright and early May run. To my mind, an early May run will likely not preclude gains hoped for September to mid-October, as by that time (possibly around a month before the triangle converges to a point roughly the week of Oct. 13), the enclosing triangle will offer the choice; to break the cage and bull on into a new trend, or simply fade into range. I feel this moment is probably important for the so-called altcoin season, or is that simply wishful thinking for something that doesn't matter all that much in the scheme of things?
by latticephreak
A trading opportunity to buy in LTCBTCMidterm forecast: 0.01315 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 0.01890 on 04/03/2019, so more losses to support(s) 0.01430 and minimum to Major Support (0.01315) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01430 to 0.01315). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01430) Ending of entry zone (0.01315) 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 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= @ 0.01500 TP2= @ 0.01620 TP3= @ 0.01730 TP4= @ 0.01890 TP5= @ 0.02015 TP6= @0.02380 TP7= Free
Long
by ForecastCity
4
LTC is it done yet?We have seen push after push on LTC over the past few months with plenty of signals for a retrace and just not getting it. We generally get bound up in a tight range after each pump and eventually volume spikes as the indicators chill out on the daily and we are off again to the next level of consolidation. Our algo still spitting out exhausted trend signals as we tighten up into yet another range. Anyones guess again weather we break down from this range now for a solid retrace from the overall uptrend, or we break up again for another run to the next target around .0209. We will be playing this as a break out trade with 2 accounts on mex, when we hit support we enter a low lev long with stops below, when we hit resistance we enter a low lev short with stops above, either way the next move should be around 20% so we can afford to run a 5x lev either way have one stop at 20% while the other rolls to a potential 100%. The other option is to run buy/sell stops but your going to potentially miss another 8% of the trade in that range.. Close the wrong trade on the break simple.
by Unity-Trading-Group
3
Weekly LTCUSD once again showing the wayIt all depends how we draw the lines, once again. The logarithmic resistance can be drawn such that the current top in LTC, exactly hit the resistance. That's why those lines are not an exact science, but more like a zone. In 2014-15 bearmarket, we also can accordingly draw the line in such a way, that LTC needed 1 1/2 years to break out. If we would draw it similarly for the current bearmarket, then LTC could still need a while until it would break out. Also, the log resistance would align pretty well with the top, the next two local tops, and the last local high at around 50 USD. The market seems to be preparing for the next leg down, and LTC is already showing the way, having hit this resistance nicely. Also, a very strong indicator for LTCUSD always was the weekly stoch RSI. It never likes to stay there for a long time. Historically, there always came huge dumps when LTC was weekly overbought. Even in the bullmarket of 2017, there were some quite impressive dumps on the way up, which brought the weekly stoch RSI down. So it is only a question of time. BTC also being overbought now on weekly, I assume that the drop to the low will start within the coming weeks. Because of the LTC halving in August, and the anticipation, we should get a really strong bounce. From the low, directly to the top of the halving rally, like in 2015. If timed correctly, this will offer an excellent opportunity to make some nice gains.
BITFINEX:LTCUSDShort
by SebastianofMoon
7
Litecoin Daily Dose 3/18/19What I had written Friday: “Earlier I had shorted Litecoin around $60.60 which was a bad mistake. Stop loss was at $61.50 and I had failed to ignore a macro rising wedge that would have wicked an upper trend line at $64. That would have been a better short. I was eventually stopped out at $61.50 which honestly was just bad trading. A short here at $62.33 to about $56-$57 is not a bad trade in my opinion. A small position with a stop loss right above $64 is not bad considering we are expected to trade within a range of this rising wedge. The volume profile matches this analysis as well because every successive move up has decreasing volume.” I’m just going to give an update on that position. So, I got a bit indecisive and decided to short at $62.50 and ended up closing at $60.00. I still expect the price to fake pump up to around the $68 range and then retrace heavy so a potential short is still in play. However, if Litecoin does drop, I am expecting the price to hit about $55-$57 before bouncing back up. The absolute stop for me to consider LTC to be bullish is if do not bounce at about $46. Only time will tell but for now, I am pretty happy for my last position on Litecoin which was about a 4% profit.
BITFINEX:LTCUSD
by aboveandphom
LTCBTC-TARGET/CALLTake a look at my LTCBTC forecast and see where I said to get long at 11713, by now you should have taken profits but my last target at the green line (1618365) is where ill sell all but 20% of my position. Hang on to a small portion to see if it pushes past towards the grey line (1823479) or sell off once price has obviously topped out. If youre able to short would short where the red box is stop loss at the dark grey or grey lines. But be cautious because the weekly squeezed on the TTM histogram and that's something you dont ignore. If you do short it take profits at the 50% (yellow line- 1413252), just watch for the pull back but keep cautious, its looking bullish to me. NOT FINANCIAL ADVICE. TRADE SAFE.
by SatoriTrades
The Crypto Ratio to WatchLTC has been making strides against BTC this year. Because, in addition to the upcoming halvening, Litecoin has a relatively clean technical and community history, solid dev support with visible leadership, a growing brand, transaction bandwidth with low fees and availability, liquidity and usability (e.g. Coinbase, exchanges, pairs, wallets, shops, etc.). At four times the max supply of BTC, the current 1.4% ratio has quite a bit of room to expand to the implied 25%. If LTC price becomes even 10% of BTC, and recent Bitcoin targets are realized, then... Even if BTC doesn't budge from here, LTC looks attractive.
Long
by JayBeckner