Litecoin (LTC) Bullish Ascending ChannelLitecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase adoption, and lightning network implementation as catalysts for LTC price action. Ive put in some key resistance levels that im looking to see retested.
LTC-BTC
NXC | Why to always BTFD | When market panics It is always good to buy the dump as it results in good profits
LTC good chance to beat higher high from 5th of AprilIt is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish candle like this appear on the chart its lower part of body is treated as support which is here somewhere around 9.90$. Price could go below it for short period of time but there is good chance that 200 ema will push it back on track and price will reach new highest high. If the price will go lower I would wait for hammer with long shadow.
LTCBTC possible short towards 50% level I see here slight potential for short position. Level 78.60% wasn't breached for the last 8 hours. My experience tells me that the last two shadows are not the lowest lows and the pair will try to go down below 10 dollar mark. I wouldn't be surprised if the market would try to test 10$ few more times. I personally believe that as such.... :)) the smaller intervals then 4H in cryptocurrency market are not reliable source of market information. I set SL and TP. Whatever will happen I would watch 10$ level carefully.
I see two possibilities here
If the pair go thru 10 dollar mark it should go further south and then probably it should reach 50% level of the strong bullish movement
If the pair will be sustained above 10$ level it will create strong support and good indicator for further gains of LTC
...once again I think that when pair will meet 200 Ema on 4H there is a good chance that the price will get nice push but I'm not sure if it will last long or just bounce for short period of time just to go back down.
Correction? LTCBTCMight be nice to short the correction to B. Target around .0085. Stop loss at .00110.
Longer term is uptrend overall with uncertainty with BTC for now.
Trade with caution.
Regards,
Vern
A Litecoin perspective to light up your dayDear Traders/Followers,
Hereby a chart to share with you. LTC/USD ratio. As I have been accumulating Litecoin silently in the past months the time seems finally ripe for extensive movement. As to be seen in the chart, it is both the end aswell as the beginning of the old and new crash cycle. Chasing these cycles seems to pay off big time, while the psychological aspect might be killing- it is of essence to stay rational and buy where the dumb money is to be found.
As credited by Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family: "The time to buy is when there's blood in the streets."
Furthermore LTCBTC ratio seems extremely ripe. REMEMBER, once LTC moves- it will be incredibly swift. Leaving those who want to jump in on the train too late to join.
Trade cautiously and enjoy,
Gabriel Molenkamp
Lite "The Rock" Coin LTCAll info on chart, /btc chart looks barf, under weekly horz resistance ~580 or so, and multi year lows... ouch.(but may hold 550, yet to be seen).
Looking at usd, looks alot better, still seems not sure buy signal till the cross of horz price resistance around 5.25$.
Rsi on the weekly and macd starting to look good, just needs to get past the horz resist line (the one shown tho is for btc which looks great), though I never use macd. On large time scales it seems ok. Also imo, /cny looks better than /usd.
I have some ltc already but will buy more when the chart looks like moon.
LTC Bollinger PerspectiveHere is a perspective to consider using Bollinger Bands as an indicator.
Areas of importance:
- Notice the massive weekly hidden bull divergence between price and BB width (green line)
- Hidden divergence is a signaling of trend continuation; in this case, up.
- Last time the BB Width broke over 0 line we made a strong bullish move (orange box)
- BB Width is moving off of one its lowest points historically.
Expect continuation of upwards movement.
ETH breakout?ETH is just before breaking downtrend line.
Inv unregular HS is easy to see***. Neckline as a actual downtrend line.
.0043-.0045 price is acting good as a support.
We can also see that triangle is about to end soon.
Buy support is rising at poloniex and whole price actions looks like it's not going to crash soon.
Bullish short/mid target is attack to actual ATH. .007 should be reasonable target to sell if bullish scenario will occur (breaking .0062)
Targets:
-break line (up from inv HS)
-break above 1h ichi cloud
-above 1h BBands
-attack to previous H ~.0062
***It's more like descending wedge , not inv HS ofc! no need to see drunk HS everywhere...
Has Litecoin Already Reached The Major Tipping Point?After Completing the Preliminary Retracement Identification Analysis on LTCBTC it appears that it may have just completed a Double Zigzag or Double Three correction. The Count I'm looking at has the peak in December 2013 as Wave v of 3. Down from there begins either a zigzag or a complex three correction, which is followed by an x wave and then another three. Since the last three has been retraced so strongly there is a very good chance that this is the end of this complex correction. The other possibility would be that this is second x-wave, however, I think due to the size and timing of this wave that is a very unlikely scenario.
Another big thing to note is that when Aspect 1 of the Rule of Neutrality is taken into account, this is a direct hit on the Wave 4 time-fib. That is a very good indicator that this is Wave 4 and we are likely to begin Wave 5. We can only hope that it is an extension because if it is not, we most likely will get a 5th wave failure, which means it could be another couple of years before we break ATH. If this is an extended 5th then the Moon's the Limit. To confirm a Wave 5 extension (or possibly invalidate this Wave 4 and replace it with a Wave 2) we must break 0.0225 on this Median Monthly chart. At that point Wave 3 is no longer an extension so it only leaves us with either a Wave 5 extension, or a brand new impulse.
An interesting thing to note: The Monthly AO has turned green for the first time since crossing the zero line, and the AC is also green and nearing the zero line. This could be another indication that this is the end of the downtrend.
If this is a 5th wave extension, my ultimate upside target would be 0.08. If it's a 5th wave failure it could stop anywhere from 0.015-0.0225.
Now the question many of you are probably wondering... Is Bitcoin going to do the same thing? If I had to guess, I would say not yet. I think that Litecoin may actually be leading Bitcoin by 2 months. It seems very likely that bitcoin is still in Wave C of the 2nd three. The reason why is because Wave C is less than 38.2% of Wave a. That most likely indicates that we need to go down and retest 209 at a minimum before we can finally start Bitcoin's bulltrend. However, if Wave a is actually Wave w, then bitcoin will follow Litecoin and start uptrending now. I think the ultimate confirmation for that will come very soon. If bitcoin breaks 267 on this monthly median chart then we have most likely bottomed out.
For now, it definitely looks like LTCBTC has bottomed out. These are very exciting times in crypto, a lot of alts are starting to look extremely bullish. Bitcoin could be too. Future price action will confirm that for certain, but right now the entire sector looks extremely bullish in the intermediate term. This is certainly a great time to be involved in cryptocurrency.
Good Luck Traders!
Scamcoins
Bonus Bitcoin Analysis: scamco.in
Important lesson to learn from: Buy the rumor sell the newsIts obvious how this have all been planned all along, together with possible insider trading. (coinbase)
Having the first US 'regulated' exchange will not instantly bring us to the moon. Its all hype and speculation to lead people into believing that fresh money will pump it.
So much for Coinbase having a teaser site ( coinbase.com )
Learn from the lesson and not make the same mistake again.
#litecoin: #BTCe | $BTC $USD #bitcoin #bitfinex #forex* * * LTCBTC / BTCe * * *
Friends,
Please, refer to this chart as a reference to the composite $LTCBTC coming up shortly - Please, only post comments on the upcoming composite chart, although thumbs up are appreciated anywhere.
Very much appreciating your readership and support,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: @4xForecaster
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Triple bottom or a point of no returnOngoing triple bottom formation. RSI looks to be breaking out of the downtrend in short term, if successful we should see price hovering around $7~$7.6 over the next few days.
However you should also be cautioned against the current sentiments on Litecoin. Given the competitive market of alt coins with strong contenders like Dark, Black, NXT & more. The bulls may not be able to bring it back to $7.6 at all, let alone the highest target of $8.47. Other than having a first mover advantage of an alt coin, Litecoin hardly bring any innovative feature onto the table as compared to its competitors.
If Bitcoin doesn't succeed in reaching new heights ($585 atm), Litecoin will never have a nice increase in price anyway.
Also there are absolutely no known reliable point of support if should the bears bring it below $6.65, and may even go as low as $5.
My take on LTC is neutral, until then when a clearer long term trend is seen.
Bulls out of energy drinks.After much volume and powerful movement over the last few weeks, I think we have reached a peak after failing to break through the $680 zone. A great rally none the less.
It's time for the Bulls to recharge with a short term dip into to the $500 zone which will be seen by many as the last time BTC will be so cheap. I expect a lot of buying at these prices and a fresh round of buying to commence pushing us up further.
I will be shorting $570 with a $590 stop loss. I will be shorting $620 with caution if we don't return to $570.
I will be long $540-580 zone where I'm assuming the energy drinks will be back in stock.
Good luck.