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LTC-USD

Elliot triangle Correction Idea LTC-USDHere is my first example of this concept put to practice. The final leg of these 5 points coincides with a large area of support. I hate to say bottom is in, but I am optimistic. The rsi is well neutral in all timeframes. Is the correction done, or will there be more blood? only time will tell! This is not financial advice. This is for my reference and record as a hobby trader. This is for entertainment purposes only. Dont be shy to comment!
COINBASE:LTCUSDLong
by BallsOfSteel32
LTC correction fibs and levels to watchIn this chart, im going with the 30 minute time frame to show the breakdown of the market. The price action went bearish after the 330 peak. The price started breaking down slowly at first, until a swift fall through the .236 fib. The price ended up bottoming out right around the .618 fib, just shy of 239 at a key area of support. Key levels in this breakdown: 271 251 232 This was the buy settup I was waiting for. New Long Position opened with ATH on the horizon. LTC is trading strong against BTC in the LTCBTC Pairing. Man what a night! This is not advice, this is for my record and reference as a hobby trader. I have very little experience and knowledge. Know this. Dont be shy to critique.
COINBASE:LTCUSDLong
by BallsOfSteel32
LTCUSD - FORECAST 4HR - LITECOINLitecoin looking decent for a short. If green line(148) fails as support, look for a tag of the orange line (129.6). Yellow line (93) is final target. Stop loss is above the white line (166). Red line has a good chance to fail as support, seeing as we've tested it twice now. Hope this sheds some light on your own trades. This is not investment advice, I am not an investment advisor. Do not blindly follow mine or anyone else's trades. Be safe out there.
KRAKEN:LTCUSDShort
by SatoriTrades
LTC Rising Channel Stopped at Major Supply ZoneThe rejection from the major supply zone just occurred, sending us back to the local support we are sitting on at the publishing of this idea. This supply zone will likely take multiple attempts to break this area and enter discovery between the two purple lines overhead. Looking for LTC to trade in this channel to the upside, before retesting this supplied zone. This will be a large area for people taking profit, so patience is key. RSI remains neutral on the 4 hour trending upward. I will be watching the 4 hour chart very cloesly in the next 24 hours. This is clearly not advice, this is for my record and reference as a hobby trader. I am a novice with a very limited knowledge. Please be aware of this. Please dont be shy to critique. LTC marches on!
COINBASE:LTCUSDLong
by BallsOfSteel32
2
LTC Right Triangle Formation on 4 Hour Practice ChartThis has happened before in this run, with very similar structure. That Idea is linked below. LTC forming a right triangle after a correction off a major impulse. I think this triangle is ocurring in a reversal setting and will be squeezed down until a breakout to test the next resistance. RSI is low in the Channel marked and is nuetral. Higher lows forming in the price action (arrows) Support found at 207 area currently. This is clearly not advice. This is for my reference and enjoyment as a hobby trader. Dont be shy to critique.
COINBASE:LTCUSDLong
by BallsOfSteel32
4