LTC-USD
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!
LTC USD SELL (LITECOIN - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
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! :)
LTC USD BUY (LITECOIN - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
#LTCBTCThe green areas are Target
Purple areas are strong
Time range specified
The price is within the pattern
Be careful
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:
Litecoin (LTCUSD) short.All description on the chart.
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Thank you.
LTC USD BUY (LITECOIN - US DOLLAR)Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
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!
Litecoin at $70? Potential short movement explained4H CHART EXPLANATION:
Last week we posted a LTC/USD analysis, where price was facing the confluence zone between the ascending trendline and the support zone. This was a strong zone, so a bounce was expected there. As we can see now, it could not hold the price and was broke with a big movement. The most likely situation at this moment is a downside move towards the next support zone at $70.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
LITECOIN (LTC/USD) ready to face $140 again?4H CHART EXPLANATION:
Last week we posted this chart when the downside move was starting, and the potential target was 100. Effectively, it was reached, and now price is on a confluence zone between the support zone and the ascending trendline. As this is a strong level, a new bullish impulse can start here, towards the previous Max. level at 140 on average. However, some confirmation is needed before taking positions, since the trend at this moment remains bearish.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
LITECOIN (LTC/USD) POTENTIAL TO $170 BUT FIRST...$100 AGAIN?DAILY CHART EXPLANATION:
Good morning! LTC/USD has been on an uptrend since beggining of the year on a 500% movement on average. So it is a big impulsive movement, and also did a breakout of the ascending channel, faking a breakout and getting inside the channel again. The mid/long term vision on this crypto is still bullish based on our analysis, but the corrective movement that is playing out at this moment can reach de $100 zone, to start the bullish movement again.
WEEKLY VISION:
LTCUSD - CRYPTO - 04. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Sideways waving market at decision level.
4 HOUR
Break below previous trend-line and support zone, expecting some more bearish pressure.
DAILY
Bullish market found its resistance and formed new midterm highs, great short opportunity.
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CRYPTO SETUP
SELL LTCUSD
ENTRY @ 120.160
SL @ 125.100 (4.1 %)
TP @ Open
RR: 1 : 2-5
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
LTC : USDT , 2° UPDATE, 4 H TIME FRAME AND ELLIOTT WAVE. BINANCE I said "120 $ could be a break out price."
In the 4 H time frame it could be noticed that at about 120 $ level the price increased to 137 $ in just one candle.
After that we can see a strong sell pressure that has pushed the price to test the main support zone of about 112 $.
In the next hours and next few days the price should bounce between the 112-122 dollars range.
Any breakout of the descending triangle it will be a possible bullish/bearish signal.
Up to now i'm still bullish on LTC because :
1°) Litecoin Block Reward Halving Countdown
2°) FLEXAHQ news
3°) Trend in higher time frame still intact
Possible 110 $ retest once or twice before a big move.
Look at the related ideas.
-- This is not financial advice, for illustrative purposes only. Thanks! --
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