17 DEC 2019 LTCUSD BUYHello everyone in this period i like so much the cryptos so today I've another analysis, i saw so many times this chart waiting for the right signal and the right entry, as you can see we have got a bullish trend on LTCUSD with 2 different tp:
tp1 41
tp2 (more risk) 42
Have good trading to all!
LTC-USD
Short Vision on Litecoin (LTC/USD) by ThinkingAntsOk4H CHART EXPLANATION:
Price was consolidating on a wedge pattern, which faced the Resistance Zone at 66 and could not break it. Now it is at the Support Zone, that, if it is broken, the next short term target would be the Support Zone at 47. The long term vision is explained on the Daily chart below.
DAILY CHART ANALYSIS:
LITECOIN, Where to buy?!The best place for Buy will be in a marked zone because:
- there is a bottom border of the Range,
- Trend Line support can hold the price.
Before to trade my ideas make your own analyze.
Write your comments and questions here!
No need to write it in PM.
Thanks for your support!
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 80.35
TP2= @ 131.60
TP3= @ 143.75
SL= Break below S2
Two Possible scenarios on Litecoin (LTC/USD) by ThinkingAntsOk1H CHART EXPLANATION:
The full context is explained below on the 4H timeframe. Here, it is explained what we would like to happen before taking short or long positions. The main idea is that the zones need to be broken and a corrective movement must happen.
4H CHART:
Litecoin at Dangerous Levels by ThinkingAntsOk4H CHART EXPLANATION:
As we can see, price is facing the bottom of the Descending Wedge. If it bounce here we expect a short term bullish movement towards the Resistance Zone, but keep in mind that the main trend still bearish as explained on the Daily Chart. It will be just a corrective movement to continue the Bearish trend.
You can check on related ideas how we predicted the last downside move!
DAILY CHART EXPLANATION:
18.9.2019 - Litecoin (LTC / USD)Hi Traders!
Today we will finally look at LTC / USD. Why now? If you're watching the crypto market actively, you probably know what has been going on for the last 48 hours. The current situation is very favorable for altcoins . Bitcoin stands in place, dominance decreases and altcoins grow. It all started with EOS / USD last week, and in recent hours, ETH / USD, XRP / USD and ZEC / USD have also joined. However, the LTC is still silent and that is why we will analyze it today. The graph looks very simple. LTC / USD moves in channels and we have two options .
1. Bullish scenario
The LTC will break the channel up and follow its altcoin colleagues, as described above. This possibility is highly probable , since it would not make sense if all altcoins had a similar graph, they eventually grew and LTC did not.
2. Bearish scenario
I find this scenario less likely and it is a reflection back into the channel and the subsequent movement in it.
We must perceive the market as a whole and take into account all its signals. Each coin lives its own life, but we must not forget the global perspective. Large altcoins have very similar structures and the whole growth started last week by EOS. Only then began to add more coins. Will the LTC be different? We will see in next few hours.
May the crypto be with you!
EURGBP SHORTS ACTIVEWITH PRICE WICKING .912 WITH THAT CLEAR MAJOR REJECTION WE KNOW ITS A SETUP TO GO, ALTHOUGH WE CAN STILL SEE A PUSH UP TO .92223 BEFORE OUR DROP, THIS COULD AS STILL BE A VERY VALID SETUP DUE TO THE VOLATILITY THAT HAS BEEN PRESENTED ON THE WEEKLY TF. IF YOU ARE NOT IN THEN WAIT FOR A LOWER HIGH ON THE 1HR TF OR A RETEST OF .91292.
SELL : .91292
TP : .89638
TP : .87249
STOP : .91635
Please message me for further details or any help and blessed trading! :)
Litecoin on the Dangerous Zone (LTC/USD) by ThinkingAntsOk 4H CHART EXPLANATION:
On this timeframe, we observe that price resolved perfectly the last triangle formation. At this moment it is facing the Support Zone, but it has not consolidated clearly below yet. In case it happens, then it would be a strong bearish signal. Technicaly the next Support level is the bottom of the Descending Channel or the Support Zone at 25.
DAILY CHART EXPLANATION:
Litecoin - Next target: $25 by ThinkingAntsOK-Daily Chart Explanation:
On Daily Timeframe, we observe that the bearish corrective structure resolved as expected, moving downwards. At this moment price is about to face the first Support Zone. It may bounce and correct a little here but we consider it is just a corrective movement to start another impulse. The main taraget is the Support Zone at 25.
On related ideas you can see how we predicted the beggining of the downside move!
-Weekly Timeframe:
Short Trade on LTC/USD (LITECOIN) explained by ThinkingAntsOkDaily Chart Explanation:
The Ascending Channel has been broke, and now a corrective structure is being made towards it and the Resistance Zone. If the structure is broke, we expect a downside move to the Middle Support Zone, and if it is broke, then the Major Target is the Weekly Support Zone at 25.
Weekly Timeframe:
LTCUSD Elliot Wave TheoryGreetings traders!
Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view.
The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level.
The price has also once again retested the 200 EMA, fuelling the bulls.
The price seems to be in a three-drive pattern leaning towards the upwards momentum as well.
For more, feel free to follow me and checkout my other ideas as well.
Wish you all a great trading week,
Good luck!