Get started

LTC-BTC

LTC - Litecoin is performing TOO GOOD.Hi everyone! Litecoin is performing extremely well in this uncertain market: will it be an indicator for reversal or simply a lucky outlier? Let's look together the possibilities! First, I'd love to clarify that LTC is now at the same price it had when BTC broke the 6000$ level and suffered almost a 50% loss. Now bitcoin has difficulty to stay permanently over 4000$ while LTC is in this really clear uptrend move with healthy volume. But will it last? At this stage, we don't suggest a buy as, looking at technicals there are 4 big resistance to face in the short term: the first one is the uptrend channel and then the previous HH that LTC did in October. There is literally no motivation for LTC to break all the resistance and start being bullish again. However, if in these days BTC breaks the 4400$ strong resistance, we suppose that even the 3rd resistance could be tested and broken. By the way, a good move would be short now (and close if BTC turns out to be strongly bullish) and rebuy at the bottom of the channel. A safer move is to exit all the positions and wait for BTC moves. We repeat now that it should be impossible for LTC to break those resistances without BTC moving significantly, also because the fundamentals on LTC are not incredibly bullish. Let's discuss about LTC future in the comments! Yours BFCMInvest
BITFINEX:LTCUSDShort
by BFCMInvest
A new trading opportunity to buy in LTCBTCTechnical analysis: . Litecoin/Bitcoin is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Trading suggestion: . If you missed our first HUNT, you have a second chance to buy above the new suggested support zone. . There is still a possibility of temporary retracement to suggested support zone (0.01000000 to 0.00845000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01000000) Ending of entry zone (0.00845000) 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: New Take Profits: TP1= @ 0.01135000 TP2= @ 0.01315000 TP3= @ 0.01430000 TP4= @ 0.01530000 TP5= @ 0.01730000 TP6= @ 0.02015000 TP7= @ 0.02380000 TP8= Free We opened 10 BUY trade(s) @ 0.00829193 based on '2-Day Hammer' entry method at 12.28.2018. Total Profit: 3360242 Closed trade(s): 2428404 Profit Open trade(s): 931838 Profit Closed Profit: TP1 @ 0.00945400 touched at 01.06.2019 with 116207 Profit. TP2 @ 0.00999300 touched at 01.06.2019 with 170107 Profit. TP3 @ 0.01063810 touched at 02.08.2019 with 234617 Profit. TP4 @ 0.01240100 touched at 02.09.2019 with 410907 Profit. 116207 + 170107 + 234617 + 410907 = 931838 Open Profit: Profit for one trade is 0.01233927 (current price) - 0.00829193 (open price) = 404734 6 trade(s) still open, therefore total profit for open trade(s) is 404734 x 6 = 2428404 All SLs moved to Break-even point. Previous Take Profit: TP5= @ 0.01334200 TP6= @ 0.01533800 TP7= @ 0.01733900 TP8= @ 0.02019900 TP9= @ 0.02383000 TP10= Free
Long
by ForecastCity
32
LiteCoin (LTC/USD) *Chart Pattern Identified*I am bearish and this is why: Fractal found from last Ascending Triangle . Yellow 1-5 Impulse looks complete. wave (Pink) C looks to be complete. Fib Extension looks to have hit the 1.272 level in the RED BOX perfectly! **NOTE** Same thing MAY apply to LTC/BTC I probably wont make a post on the BTC pair but check it out. they should look very similar. Litecoin is not the only one. I seen this yesterday before wave 5 was put in. this looks perfect imo but think we can hit the orange trend lines 1-2 more times. If we break up thats another story. But for now this is bearish and I see it across the board on a 4 hour chart. Follow for more charts, give this post a upvote/like and comment if you have any questions. Thanks!
COINBASE:LTCUSDShort
by Cryptosuf
3
Litecoin had its funLitecoin had a nice rally but finished the 5 Elliot wave structure with an extended 5th wave. This indicates that there must be some kind of ABC retracement The second bearish signal is the double top which indicates that the bulls can't push it higher on the price. The third signal is the bearishly diverging RSI which was a lot higher on the previous local top, which indicates that the bulls are losing strength. Looking now for a short term short. Best regards, Vinacey
Short
by R2BTC2
LTC short opportunity Hi everyone, Looking at the current market situation, I believe that we need some consolidation. LTC has been giving us great early signals of what will happen next. It seems to pump first and then the rest of the Alts and BTC follow. With that said, LTC is at the top of a upwards channel (bearish channel) and it is currently rejecting the daily 200 EMA, which is to me the most important EMA at the most important timeframe. I think we can see a drop to at least $40-42 range. BTC is also looking like it needs some consolidation after a strong reject of $4000 in Bitmex. Please feel to share your opinion and comment below Have a great day!
COINBASE:LTCUSDShort
by PureStructureNoBS
1
LTC Bull Flag? OR drop to bottom of channel? LTC/USD is currently in a tricky position. Currently the bull market is looking good. There is still a chance of litecoin dropping to the bottom of the upward channel. We have had a strong week and it might back track. However, with the rise to $48 in the last coupe of days, we might see another perfect Bull Flag. It is going to take a few days to see if the flag forms but if it is as successful as the last bull flag we will see a rise above the upward channel top line in blue. Bitcoin is looking very good right now above the 50 MA line, and still showing strength, so Litecoin may follow. I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
KRAKEN:LTCUSDLong
by MaxKoke
What is WRONG with the crypto press??Why do we need a contrary headline telling us that Litecoin is lowering "as cryptocurrencies head south." First off, they aren't, really. It's all within a tight cycle of a day. If you don't have anything to write about, writing negative headlines that some foolish people will believe does NOT contribute to growth. If you can see the headline, you are already here and can better assess things yourself. Next will come the confluence detector. Confluence is defined in several contexts, a merging of two rivers, an agreement etc. So... it's an agreement detector. How about agreeing that your full of it and stop wasting time and creating negative bias because your company requires that you write SOMETHING by a set point in the day?? Do we have a confluence on that? I hope so. IGNORE THEM. My god, it is as if they seek to create panic and discord. And, guess what - Litecoin just went up. Fortis Fortuna Adiuvat. ** I am not a certified financial advisor , in fact , more often than not I write as of late out of frustration with the press. Don't allow some idiots OPINION to dictate your trades. Follow an expert or two here on Tradeview.***
BITSTAMP:BTCUSD
by Cryptocautious
1
LTCBTC: Buy opportunity on Inverse Head and Shoulders.LTCBTC is on a long term Inverse Head and Shoulders pattern on 1M. With 1W turning into a buy last week (Highs/Lows = 5.9589, B/BP = 12.3040), we have the first sign that the Right Shoulder has higher chances of being completed. The RSI (43.847) and MACD (-12.227) show that there is still much room for the upside and we expect this bullish sequence to hit at least 0.022110 with 0.034050 being the extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
3
LTCBTC Positive bullish breakthroughLitecoin is a peer-to-peer cryptocurrency similar to Bitcoin. Litecoin was created by Charles Lee, a former Google engineer, with the intent to improve a few of Bitcoin technical aspects, viewed as shortcomings by the developer like block times and hashing algorithm. After a sharp decrease on 10th of January LTC performs good two past weeks. Its grow and decrease cycles become twice shorter each period. It took LTC 168 bars to drop and reach the local maximum again, then 84 bars. We forecast the next cycle will be 42 bars long which corresponds support uptrend line. Conclusion: Litecoin gains momentum and is good for long term investments now. In the short term it is better to wait 1-2 days till the price touches the support trend line in the end of 42 bars cycle. We recommend to use our short term signal to buy LTC at the most favorable point and follow our strategy to maximize profit from targets, then after consolidation leave a small bag for long term hold
Long
by Skyrexio
There is a possibility for the beginning of an uptrend in LTCBTCTechnical analysis: . Litcoin/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55 . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00803070 to 0.00732360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00803070) Ending of entry zone (0.00732360) 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= @ 0.00945400 TP2= @ 0.00999300 TP3= @ 0.01063810 TP4= @ 0.01240100 TP5= @ 0.01334200 TP6= @ 0.01533800 TP7= @ 0.01733900 TP8= @ 0.02019900 TP9= @ 0.02383000 TP10= Free
Long
by ForecastCity
2