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:
LTC-USD
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.
-
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!)
Leave us a comment or like to keep our content for free and alive.
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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LTCUSD - CRYPTO - 26. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Slowly bearish moving market..
4 HOUR
Sideways formation after forming new highs.
DAILY
Very bullish push without any pullback, price slowed down. Good short entrys now!
-
CRYPTO SETUP
SELL LTCUSD
ENTRY @ 133.160
SL @ 138.630 (4.1 %)
TP @ Open
RR: 3/4
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Potential Bullish Movement on LITECOIN (LTC/USD)4H CHART EXPLANATION:
Price has broke the Weekly Resistance Zone, consolidating on a corrective structure to continue the Bullish Movement. Right now it is on a Triangle Pattern, that may resolve upwards. If that happen, then the target for the bullish move is the Resistance Zone explained on the Daily Chart.
You can check our full top and bottom analysis on Related Ideas.
Daily Chart:
LTCUSD - CRYPTO - 18. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Slowly dropping bearish market with several pullbacks.
4 HOUR
Sideways market after forming new highs and resistance level.
DAILY
Very bullish market turning bearish, strong price action slowed down and is searching for a ress.
-
CRYPTO SETUP
SELL LTCUSD (litecoin)
ENTRY @ 131.700
SL @ 137.450 (4.3 %)
TP @ Open
RR: 3/4
Use normal Risk (1% per Position)
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
LTCUSD reversed off resistance, potential for further dropPrice reversed off our first resistance (horizontal swing high resistance, 100% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD reversed off resistance, potential for further dropPrice reversed off our first resistance (horizontal swing high resistance, 100% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD reversed off resistance, potential for further drop!
Price reversed off our first resistance (horizontal swing high resistance, 100% Fibonacci extension, 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT LTCUSD reaching resistance, potential for further drop!Price reaching our first resistance (horizontal swing high resistance, 100% Fibonacci extension , 50%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC TOP? Couple of indicators says so.What's coin on guys?
A couple of indicators are pointing LTC correction is on the way.
1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%)
2. Daily RSI bear div
3. Daily histogram bear div
4. Volume div
5. Top of the raising channel resistance
6. Rising wedge
7. BTC NVT still burnin' red
8. Market sentiment bullish again only because BTC bounced of of the neckline.
LTC actually finished and confirmed cup & handle pattern with the target of around 90% of the previous move, but there is a lot more bearish indicators, so odds are on the side of bears, but never the less my stop loss will be very tight, just in a case whole market decides to fly again.
LTCUSD testing resistance, potential for further drop!
Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" LITECOIN LTC/USD by ThinkingAntsOk4H CHART EXPLANATION:
In 4H chart price is making a bullish corrective structure just after breaking the Major Resistance Zone. If this structure is broken, we we expect the bullish movement to continue towards the Resistance Zone at 170.
MULTI TIMEFRAME ANALYSIS:
Daily:
Weekly:
LTCUSD reversed off resistance, potential for further drop! Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD reversed off resistance, potential for further drop! Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BTC on fire but how about LTC?Taking a look at some large caps to gauge the current market.
LTC is at the BTC equivalent of $6-7k right now yet to break out.
BTC was able to break out of its resistance but will LTC be able to?
Honestly not sure at this moment, but this definitely isn't a place to long LTC.
Wait and see if it is able to flip the resistance into massive support!
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD testing support, potential for further rise! Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish acceleration to our first resistance level. Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.