LTCUSD reversed off resistance, potential for further drop!LTCUSD reversed off our first resistance at 41.02 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal overlap resistance) where a further drop might occur pushing price down to our major support at 36.31 (horizontal pullback support, 61.8% fibonacci extension, 23.6% fibonacci retracement ).
Stochastic (89, 5, 3) reversed off our resistance where we might see a further drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC-BTC
Going up LONG? LTC:BTC 4th MACD Cross in 2 years, Weekly Candles
See image please.
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Since Coinbase started trading the LTCBTC pair, the MACD on the Weekly Candles has only crossed 4 times, and the most recent was in October. We aren't seeing the volume or price increase this time, and I'm wondering if you all feel this latest MACD cross is going to be as significant as the prior three.
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thank you for reading.
GinsengFarmer
BTC and LTC forming HSFirst of all this is not a financial advise, this is just my idea!
BTC possibly forming Inverse H&S pattern. Also LTC doing same thing.
Interesting thing that this position looks like BTC in Jul 12-14, also one more interesting fact that RSI is in the exact point.
Once again this is only idea.
LTCUSD approaching resistance, potential reversal!LTCUSD is approaching our first resistance at 31.89 (100% Fibonacci extension, 23.6% & 61.8% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 27.44 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching our resistance where we might see a potential reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC / USDLTC is acting like a grown up, acting separately of BTC over the weekend.. How you've grown!
Here's the idea we have been following for last few days.
We thought LTC would stay under the weather for a longer period of time, but it showing us some signs that it wants to move up.
We suspect this is the, buy the hype, sell the news phenomenon with Lightning coming online and the Halvening next year, as well as the much tweeted about - Flappening. (taking over Bcrash in marketcap.)
LTC is perhaps also less manipulated and pushed down as BTC and LTC might actually be a better indicator of what crypto markets should be doing at the moment.
We will keep a close eye on how this unfolds!
LTC/BTC: Charlie was rightLTC/BTC does not look great here, 3day appears to be closing under a pretty key support block. Unless there is a move back into this support area, I would expect LTC to continue to fall, and the USD value to continue to take a hit
I would not be surprised to see Charlie buy back his litecoin at some point in these low levels to act as a catalyst to potentially start running again.
Pretty bearish on LTC until a convincing reversal sign
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
LTC/BTC LONG?A B C CORRECTION COMPLETED
TIME TO LONG...
CORRECCIÓN A B C COMPLETADA
HORA DE UN LARGO...
LTC/BTC POSIBLE SHORTELLIOTT WAVE ANALYSIS
WAVE 5 EXTENDED COMPLETED, TIME TO DUMP...
SHORT 815 - 810 AREA
TP - 790 - 780 - 760
ANALISIS DE ELLIOTT WAVE
ONDA NUMERO 5 EXTENDIDA COMPLETADA, HORA DE BAJAR
CORTO 815 - 810 AREA
TP - 790 - 780 - 760
LTCZ18 SHORT ELLIOTT WAVE ANALYSIS
WAVE 5 EXTENDED
TIME TO DUMP...
SELL 810 - 815 AREA
TP- 790 - 780 - 760
ETF Approved 50% BTC,xrp, ltc, ether, bch, First ETF Approved in switzerland stock exchange 1/2 of the assets will be invested in BTC then rest in xrp (25.4%), ltc (3%), eth(16.7%), BCH(5.2%).
Proof= Https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse
LTC/BTC Heading towards ideal retracement before another waveWe've broken some previous highs which is very good.
I don't think we're done with the retracement yet until we hit at least some of the fibs in my chart.
In case we take off sooner, I'll update the idea.
Bitcoin is a bit dumpy today as well. Be careful with that, it like to take alts down with it.
LTCUSD (Volume Analysis Prediction 10/31/2018)Ticker: LTCUSD
Exchange: BITFINEX
And so, we see a large false breakdown, in which there was a very high volume, what can this be talking about?
1. The market is oversold and this is a response from buyers.
2. The movement has become too obvious - the volume is a consequence of the triggering of a larger number of stop orders of sellers
3. Has the probability of the beginning of an uptrend, or the beginning of the balance (consolidation)
Also, with this false movement, they were beaten out from the standpoint of all who tried to buy earlier, which means the market is empty and ready to start active movement
LTC has bottomed out. Using 200EMA as support very well.I forsee the same trend in the previous bubble in 13/14.
We have bottomed out and using 200EMA as support.
Itchimoku cloud being slowly weaker, although a huge bear market clearly exists in LTC.
If we break 200EMA next support would be about 25$ but the R/R ratio here is very good.
A conservative price target for a long term hold would be 1500$.
Good luck.
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00814000)
Ending of entry zone (0.00736000)
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= @ 0.01063810
TP3= @ 0.01141060
TP4= @ 0.01240100
TP5= @ 0.01333480
TP6= @ 0.01571755
TP7= @ 0.01762490
TP8= @ 0.02035380
TP9= @ 0.02381480
TP10= Free
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00814000)
Ending of entry zone (0.00736000)
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= @ 0.01063810
TP3= @ 0.01141060
TP4= @ 0.01240100
TP5= @ 0.01333480
TP6= @ 0.01571755
TP7= @ 0.01762490
TP8= @ 0.02035380
TP9= @ 0.02381480
TP10= Free
LTC|BTC || Pattern Cypher||Divergence in D1|buy limit|Analysisltc btc 0.66% is forming a very interesting Cypher pattern
and some very good touch of fundamental news
we would validate our beautiful pattern ,,
we see what happened with BT -0.06%
|| although the short of btc 0.66% is forming a bearish gartley
It will be a week of many profits ... always enjoying what I do
regards
SWING TRADING OPPORTUNITY FOR LTC HODLERSFirst of all this is a HIGH RISK TRADE! The market is steady so HODLing is always safest, especailly considering LTC could take off at any moment. That being said, I’ll still attempt this trade with a small amount of LTC. We have a possible reversal on the 30 minute Mac D and some bearish divergence on the small time-frame charts. Some could argue this is a hidden bullish divergence but I don’t think that’s valid on the small time-frame. Assuming BTC goes to 6800 and LTC to 60 , 60/6800 = .082 target which also happens to line up with the 0.618 FIB. Added a little padding to .086 for how awesome LTC is :p This may take a day or two to play out. I also have a standing sell order at .09 hoping to catch a spike. Good luck, trade at your own risk!!
Sell target .0895
Buy target: .086 - .082