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LTC-BTC

PAY announces Partnership with the Litecoin Foundation!Ten X, creators of PAY token, have created a debit card usable all over the world with no foreign transaction fees. Previously partnered with Visa, the companies debit cards have been unavailable and unusable since January when the contract with debit card creators, Wavecrest, was terminated. Things about the cards were quiet until March 23rd when silence about the mysterious end to their debit card platform was broken. Ten X announced to its eager community that they’d have answers to their questions in the next few weeks. March 27th the team posted a follow up ‘Ask Me Anything’ hosted by Reddit where they finally discussed partnering with the Litecoin Foundation and April 11th the cat was out of the bag with Ten X announcing plans to release a “co-branded” card. Litepay TenX. All of this uncertainty has caused quite a bit of turbulence for Ten X’s token PAY over the last few months. Looking at the charts, you can see the greatest decrease in volume the token had seen to date happened during this time and price action saw a 55% drop. While 55% might seem like a significant dip in price action, this was actually the smallest of PAY token’s 3 major corrections to date with the token holding up reasonably well, despite the communities bad news, than a number of other tokens in the market.
by theJadeCrow
3
Obvious path! No more FUD nonsense, time to make some profitWhat up Financial Amigos! So...This breakout, which is a breakout rather than a bull trap, became obvious to me in late March when I posted my initial LTC to the Moon analysis. Go on...take a peak! Of course, based on prior crypto experiences sure there is still a small part of my brain warning it may be a trap still, and while TA and market news help, in the end right now a rationale common sense approach seems like the best fit. Why! Because that drives markets more so than TA, especially in a new and still developing crypto field. and while I am at it: there is no way 2014 can be exactly like 2018. Impossible for too many reason to list. Whales are COMING, Institutionalized money IS COMING. In fact, probably already here with plans on how to move chips and manipulate the market for next year or two (until more regulations materialize anyhow). The banks and other whales, mostly older money rather than young crypto lovers, missed the boat the first time. Regardless of my lack of TA and institutionalized investing knowledge thus far...I do know that these types of firms with that type of large working capital and other resources rarely miss the boat twice. So what happened? They, including most national media that is owned by these whales , have driven prices down to where they can now make a boatload and repeat as possible. A coincidence that suddenly MSNBC shows BTC tickers, while positive news starts flowing everywhere, on almost all fronts? Remember like 4 weeks ago when majority said 1K or even 0???!??! Or when constant news spreading some FUD about underage porn hidden in the blockchain. That may have been true, don't think so, but honestly I never researched it because it seemed like SUCH FUD on the surface. And now what?!? All in the past? Or was it never in play to begin with? The price would and will never go below 4-5K, otherwise miners lose profit and results in less incoming software, hardware and miners into an ever increasing new market. So if not 4-5K then where? About 5900-6,500 as I predicted WEEKS ago (even though I am a Noob and not required to post 10+ updates a day just to gain followers and income - rather than analyzing, picking and choosing what is actually MOST likely and worthwhile to report). So they finally stuck RIGHT before all the "experienced" traders got in while fearing the bottom had not yet arrived. Cartels, whales, banks, whoever and whatever combination they are, 1 thing is certain: THEY ARE SMART and almost always will stay just enough ahead of you and I to take the most profit. I.E. All time high with shorts...come on, this breakout was obvious Mr. MPC, it was...LTC to 60, laughable...good thing I am not allowed to use profanity on here. Price will continue rising steadily (with some bumps) and less volatility (to allow growth of market confidence in older wealthy investors) should peak sooner than last year to throw everyone off (like this morning). Probably around 32-33K end of November. Then down to 11-14K around end Fed/early March 2019 - and then to $50,000.00+ And then, I buy my farmland and turn off my cell phone for next 10 or so years and don't have to practice law anymore. Why would they trash the market completely at 200-500 billion when a very high likelihood eventually of 1+ trillion? They would not! GL trading and thanks for reading. Also, I really don't like begging for likes, but if you feel obliged please do. I need 50 to comment funny yet passive aggressive stuff on other posts. -TLN
COINBASE:LTCUSDLong
by TheLuckyNoob
2
LTC/EUR possible reversal for the next few daysHi everyone, Still learning and attempting to spot a bullish momentum starting tomorrow. Price found a support and is going sideways following the top yellow trendline CCI(20) is oversold at -68 and also shows signs of support along the trendline for the past 5/6 days. CCI is oversold for about a month now EOM(14) is negative (-12) which means the price has a hard time to decrease. Eom is also negative for quite a while already and slowly goes back up TSI(20,7) is below 0 for a long time and has rebounded 5 days ago, also looking for support and has finally crossed up (-41/-42) Additionally, we can see HA candles exhaustion after a 4 days downtrend. Looking back, I found (I think I found like all newbies) the same rebound, support, TSI cross and HA candles formation beginning of February. Right now, I only use the tradingview crypto screener to estimate LTC global Volume. But I have studied Gdax Volume for the past 3 months. It seems that LTC/EUR/USD, BTC/USD and LTC/BTC volume have all reach bottom as well. If volume rises tomorrow, we'll have a few green candles . I wish i could tell you the weather for tomorrow, like...buy right about now, add a stop loss at €91/92 and take profit at €108/112 but dont! I appreciate all feedback This post is only for educational purposes.
by Grunwest
Clear proof you should avoid shorting and HODL LTCI've followed a few posts of MagicPoopCannon and it's painful to read. This is probably going to be a lot of writing. In early posts, he states "past success is not indicative of future success" and HODLing is for idiots. He says BTC/LTC doesn't pay dividends and shorting is for people who want to make money. He then talks about his ego and whatnot. After numerous people started following his style of things (shorting), he's now made a post about how the market is basically doomed. People also talk about intrinsic value and whatnot. 1. There is not a single Bitcoin multi-billionaire through shorting. You can argue it's because they entered the market early, but the price dropped in the past and there's been shorters in the past. 2. To short, you have to have your coin on an exchange, this is not only insecure (the exchange can be hacked & some don't offer insurance), but you potentially miss out on a fork. 3. A fork is the closest thing we have to dividends. There's no real reason to be discussing dividends anyway, as cryptocurrencies are, by their very name, a currency. However, if you want to draw parallels to stocks, I'd argue a fork is a better payout than what the GBP gave with the brexit crash. 4. Forks are why it is logically impossible for Bitcoin to go to 0. You see, if Bitcoin drops to 0, I will buy all of them. Then when someone thinks of a better currency based on Bitcoin, I'll be the worlds most wealthy person. 5. Intrinsic value doesn't really exist. We have no worth. What we make has no real worth. The world will go on without us. A phone has no worth if no one else uses it. The internet has no worth if no one else connects. A car has no worth if you have no destination to go to. Paper cash has no worth if tomorrow the government says it's banned. The only value to something is belief. If you believe something is valuable, it becomes valuable. 6. When traders trade, they look for patterns i.e. they use past success and failure, to indicate future success and failure (yes, I know, MPC said past success isn't indicative of future success, shocker, he was wrong). If people think the value is going to increase and then stop at point X, they will sell just before point X. When this creates waves, the waves get smaller over the same time scale because people stop slightly before each time, to make sure they make the sale. When the waves flattern out or at the end of the wedge, their belief changes which is why the price suddenly changes more. This creates instability. 7. Whether you chart 1min, 5min, 15min, 1hr, 4hr, 1day, 1week, 1month, 1year, doesn't matter. By believing the price will change and following the same patterns as others, you instigate the price changing. It is a self-fulfilling prophecy. 8. MPC's calls were most accurate when he had the most viewers. He had 1 million viewers in 1 month. Imagine 1 million people all betting $10k on LTC at a resistance level. That is more than enough to influence the price. In other words, it's an elaborate pump and dump group, a self-fulfilling prophecy at best. He's not the only trader to do this. There are millions of traders influencing people to buy and sell. 9. Millions of people buying and selling on cue != Whales pumping/dumping. 10. If everyone holds, the price rises. The price can ONLY rise if people don't sell. You can argue that if you hold, the price drops and you lose money, but that ONLY works if people are shorting. HODLing works, but don't criticise the strategy if it's not being followed. 11. HODLing forever is bad because you don't want exponential increase all the time. However, things are very new still. Companies like amazon, ebay, etc. haven't got aboard, but while the price is jumping around and mostly going down, they're going to be less interested. If you HODL, you help stabilise the market or at least help it look positive. 12. Lasers, microwaves, cars, the internet, books, phones, television, smartphones, etc. were all hated. Tech prevails
COINBASE:LTCUSD
by choppp
2
LTC / BTC ratio within well-defined channelThe LTC/BTC ratio has meandered within a pretty well defined sideways channel for almost a year now, kinda between .01 and .02 with a little leeway on either side. Coming up in about 2 weeks there is a convergence of trends, we'll see what happens but it is reasonable to expect it to stay within the sideways channel for at least the short-medium term. Trades between 0.016 and .019 have been good. Check out www.reddit.com for discussion/analysis from traders more experienced that myself :P
by welliguessso
ETHUSD (Volume Analysis Prediction 4/02/2018)Ticker: ETH/USD Exchange: BITFINEX Signal: out of positions LTC has found a point in which the price is interesting to buyers But it's too early to talk about price reversals. We do not see not the extreme volume, nor the excessive activity of buyers For a long-term entry with confirmation, it is necessary to wait: until the price is fixed above 420 (the first signal), pierce must break out the descending trend line (the second signal) will be fixed above resistance 520 (the third signal) Remember that ETH strongly correlates with the market, therefore on BTC events should be rooted almost as much.
BITFINEX:ETHUSDLong
by mooncatcherpro
1
LTC/USD: One Last short squeeze? I've been getting quite a few messages to re-update for LTC. If you guys followed my posts from the past month of calling a retracement back to $154 and $136 from our high of $244, those who followed should be in great profits. Congrats. I'll post the links below just so you can click the satisfying play button :) LTC has MAJOR resistance between $175-178, LTC should trade around these levels if BTC wants to reach it's $9300-9400 target. Let's take a look at BTC (see my recent posts on BTC) It is leading all other coins to print an identical pattern. BTC is in a rising wedge with 2 scenarios. 1: Break down the wedge from $9350ish and retrace to $8700 2: Break down at $9100 and retrace to $8400ish. LTC has a similar print, if it breaks down from it's rising wedge we will have another buy opportunity ~156-160. (base retracement of the wedge) It is currently facing it's 4 month old downtrend resistance. I won't go in-depth in indicators as I have it setup in the original charts for those of you who went long. Day trade setups Feb. 20 post March 2 post Active BTC posts Long Short
COINBASE:LTCUSDLong
by jovani7919
What I'm seeing in Litecoin: next resistance and targetsIn the bigger picture (one layer up), Litecoin, like Bitcoin, either: A: put in an orthodox low for Supercycle Wave IV, on March 17-18, or B: Reached the low in February, and just completed the 1-2 of 5, of the Supercycle 5th and final Wave up, that will take us to new highs this year before a larger-trend correction. So the current short term trend, similar to Bitcoin, is likely to be bullish, with progress interceded with the necessary setbacks (taking a breather). The setbacks are more likely to occur during resistance zones that can be seen from multiple analysis angles. The next most likely big fight is at around $190-195. If this is true, we shall see consolidation (sideways trading) for a bit until the victor is decided between the bulls and the bears. If $195 is successfully won by the bulls, it's likely to go to around $270, where the parallel channel converges with the red median line. We shall see. -AL168 March 21, 2018
COINBASE:LTCUSDLong
by AL168
LTC/BTC Near Breakout, Possible Head and Shoulders FormingLTCBTC is currently bouncing around a major line of support with a triangle pattern formed. In the midst of this, it appears that it may be forming a medium-term head and shoulder pattern. If it breaks down from this support line, it certainly is. You may have noticed the drop in volume, this also has be wondering if the price will break down to the negative because of the lack of volume. My buy order for 0.0159 just went through last night. I believe that a trader at Binance ran the stops/limits and made it all the way down to my order. Something weird is going on. I'm about 50/50 at this point, and my suspicions for a negative breakout are growing, but I am reluctant to sell my LTC for BTC. I have a sell order set at 0.030.
Long
by micahjmiller
We are returning to normalcy. Currently sitting on the point before the huge bull run back last year in 2017. Volume is $10,841,697,960 according to CMC and we have not revisited $10,841,697,960 since November. That means all the fluff has been weeded out and we can continue our normal-slow- and steady growth hopefully. Fellow bag holders don't give up, as I can assure you we have reached the bottom. Trade volume is back to november levels, so we can continue to grow from here. Same goes for BTC.
BITFINEX:LTCUSDLong
by Condiments
1
Are we done with the dropsI published something before, after rechecking and calculating, i strongly think that we are done with the bear trend. I think this bear trends is programmed and done by a computer program, and the only differences in these two big pictures of LTC charts are the input of buys and sells of regular people. Most trading is done by bots, most people HODL and don't participate that much. I wish we are done with the down trend. Don't buy or sell because of this charts, i'm not an TA expert. I don't know more then you, it's up or down at any moment. 50/50
BITFINEX:LTCUSDLong
by GazMema