LTC/USD breaks above 100-DMA, good to long dipsLTC/USD is seen consolidating a break above 4H 200-SMA at 175.58.
Technical studies support further upside in the pair. We see scope for test of 195 levels.
Price action has broken above 100-DMA at 174 on the daily charts.
RSI and Stochs are biased higher and we see +ve DMI crossover which adds to bullish bias.
Close above 100-DMA will see next major resistance at 195 (Jan 28 high) ahead of 206 (38.2% Fib retrace of 375 to 102 fall).
On the flipside, 20-DMA is strong support at 158 levels. Retrace and close below 100-DMA will see test of 20-DMA.
Violation at 20-DMA will invalidate bullish bias.
Good to go long on dips around 175, SL: 160, TP: 195/ 210
LTC-USD
BULLISH - LONG - Thought Analysis. Okay so our previous goal was indeed HALTED by the bears and we did not make it to 170 for LTC USD (COINBASE-GDAX). However that does not mean the market is NOT rebounding. If you notice the weekly charts, every week crypto is gaining more market cap. The lowest we have gone in this correction is around 290 Billion Market Cap. When the market hit 290BLN (Two weeks ago) and people were freaking out I called it and said we won't go any lower. Why did I think that? Simple because the prices are just too attractive for anyone to pass up. If you have noticed the market cap goes up by about 50BLN and then peels off a little bit every week.Now in our third week we are flirting with 400-450 bln market cap range. As the market goes up, so will LTC and all other major coins like BTC and ETH. We have firmly planted our feet at 400 billion in total market cap and it doesn't seem to be budging, just think about it. LTC was 100, 125, 150, and it even hit 169 last week now it is peeling back. HOLD THAT LTC, Soon we will SEE GAINS!.
Bounce backBTC took an L over the last month but might be time to bounce back.
While I still have no faith in the sustainability of the Bitcoin network I am sure the average Joe BTC buyer isn't concerned about hash rate and energy consumption/transaction.
Above the 200 for the 6 days after that 48 hour dip of despair.
With some small drops below the 200 to soon be eaten up well and above.
Expect to see some intermediate bullish movement unless broken the 200 for more than the previous 48 hours.
Buy stocks instead.
LTCUSD AnalysisCryptoPhiles!
Hope all is well,
After a massive run up stemming from an influx of volume on the 6th of November to a large spike on the 8th of December (a massive $56-$358) LTC is seeing a much needed pullback to $211 where it has found support. It may double bottom her considering the bearish run we're in, and price action is also looking for support on the 50day SMA. If price breaks the 50 day SMA we may see a further pullback to the 100 day SMA around the region of previous resistance ($149 which is close to the big even of $150).
However this would mean breaking out of the lower bollinger band which is unlikely.
I feel a pull back to the 50 day SMA and lower bollinger band is coming, and this would also be a fantastic buying opportunity - one I will consider myself. I would just air on the side of caution and wait to see price strength confirmation on the 50 day and even a MACD cross (12 day EMA crossing the 26 day EMA)
After finding this, with some nice volume it may test previous highs of $308 and $357 once more.
I know this isn't my usual style of analysis but sometimes straight and to the point is good too..
Please comment below your opinions I would love to hear yours!
Thanks
More room for fast growth on LTC after retracing and correction of a good run in Dec 2017 LTC seems to be going bullish again
Our past bat pattern has perfectly worked as price droped again from Fib 0.618
now we have another bullish run with good consolidation 285$
it is pretty clear that trend will continue upward since all of
RSI MACD and Momentum indicate upward movement
target of possible reversals are the red levels of Fib
tg1= 321$
tg2= 370$
a good level for buyback is the green line 250$
LTC / USD Short and then Long. This is a possible short and then long opportunity on LTC / USD
This is not financial advice
Just recognising Patterns. This looks like a Bearish rectangle is forming.
Possible short opportunity from around 288 down to around 258 before continuing up to around 340.
Please give me any ideas or feedback you have. I'm eager to learn and share trading ideas.
Bounce that broke the downtrend and broke againSeems like we have a breakout of the "long"term downtrend. Broke out of the bounce retest of the trend-line as well. First small target and bigger medium term target on chart. Please draw some lines and confirm for yourself as well! Happy training and may the gains be with you.
LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
Litecoin testing major support!Price is now testing major support area starting at 296 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive up price to next resistance level at 339 (Fibonacci retracement, horizontal swing high resistance). Our next major level of support is at 271 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing strong support above 5.7% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signaling that a bounce is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin explosion is over! Short and buy back cheap! Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target 1: 245
Target 2: 230
Target 3: 210
Target 4: 192 (If coin drops further)
Note:
If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290.
After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that.
Let's play this game and maximize your profits!
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Good luck!