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Ltcbearish

LTC Gearing for Potential Move to $54 by End of April Looking at LTC heading into the upcoming week of April 20th - price currently at $42.50. Consolidation down at any point needs to stay above $37. If that breaks, we're looking at a massive dump to sub $35 Bull continuation looks probable, and $45 would be the only threat before we potentially climb as high as $48 by the beginning of May. this could likely only occur if BTC reclaimed $8k, unless LTCBTC shows massive returns, independent of BTC movement, which is a rare occurrence. If bulls can climb their way to $48 in the next week or two, look for $45 to become the new consolidation level, and a leap to $54 sometime in May, likely prior to BTC halving, if it surges prior, with consolidation down after. See my expectations for the BTC Halving Below, as the expected result for alts would be to mirror the king in their USD pairs, while losing in their BTC pairs. The good news regardless of the result is that BTC volatility often provides insights to the health of the alt market. When alts show resilience to BTC price action, its incredibly bullish for the alt pair, presenting the opportunity for yielding higher BTC returns.
COINBASE:LTCUSD
by kingthies
1
LTCBTC Short AFTER correction.I'm still bearish on LTC. For those of you who hold LTC and may be underwater... This is actually a fantastic way to hedge against your hold. (If the below plan works, you may BTC to offset the loss of your LTC value.. if it fails.. you recover LTC value due to price rise) Fundamentally: Litepay failed No real news *planned* coinmarketcal.com Other projects with newsflow attracting investor $ / BTC Shorting seems to be the flavour of the month currently... Technically: So first up, I believe we need a correction upwards. I expect this to take several days, best guess would be anything from 4-8, maybe longer. I have highlighted TWO possible entry points ready for the continuation of the downtrend I am expecting. Personally I will enter at the first with a fairly tight stop(will try to update nearer the time), if the stop loss breaks, I will re-assess quickly & update but expect the pink B to be a solid backup plan for continuation of the downtrend currently. Keep in mind this is a plan to enter LTC AFTER it corrects upwards .. so we have a many days of data from now to help re-assess the position as we go. But for now here's my view: T D Sequential almost hit the complete 9 (8) + current daily candle signalling exhaustion of downtrend wave A, ready for correction wave B RSI destroyed, due a reset, look at the last time it was at this level (yellow circles) - we had a nice complex correction over 2 weeks before continuation MACD not really all that helpful currently..but again we have a fair few days ahead of us yet Large gap formed between the price & 20day EMA, further info for a correction. (The 50/100 too but I am not really interested in these currently due to the size of todays red candle) Correction upwards would line up well with the 38.20% fib Volume profile also looking relevant with a high vol in between both possible entry points Risks to consider First off, these risks aren't really risks as we aren't opening a position yet..but still worth consideration for balance. Litecoin news (Historically I don't recall LTC keeping impending news a secret..except for when Charlie Lee sold his entire stack :D) BTC mega bull reversal.. God only knows what that would do to the rest of the market, hell it might even help the LTC bears.. LTC just keeps dumping - though if this is the case we haven't lost anything & we wait for the next correction This is not financial advice.
by UnknownUnicorn3062951
Some points on short-mid term LTC priceFirst notice that the RSI on the daily is looking for what seems to be a double bottom. Oversold conditions last time shot us from 100s to 175 max, so be on the watch soon. Overall still in a downtrend (dotted line on RSI), but maybe a double bottom like this is a sign of a near-future trend reversal?! (Please comment with your thoughts on my analysis with constructive criticism, it will help me learn!) Still looks like we are in a downward channel, with next strong support looking like low 100s again (I'm learning about making targets, so mine isn't exact, just nearby where I think it will go). P.S. Crypto hedge just tweeted his target is around 95 USD. soooooo, yeah I'll just leave that there. Still in a downtrend though. But those daily oversold bounces I think will help push us in an uptrend. Strong resistance around 180 (red solid line) and psychological resistance at 175.00 from last high. If we push through that on the next oversold bounce with sufficient volume I suspect we will have a nice reversal finally and begin moving upwards to an ATH, may take a few days though still or even weeks, sorry guys :( But hey, now is the time to accumulate and stock your bags. I'm getting rid of my HODL mentality and starting to trade with the tide a little more by selling and buying back a little lower, but still HODL most of my position so I don't lose out on much. A little more accumulation goes a long way in this market. I wish I had started selling and accumulating sooner, like when LTC was around 300 and confirming this parallel bearish channel. Now I feel more confident next time a bear market rolls around that I'll be able to see more signs. Never stop learning folks! See you on the moon. This isn't fin. advice, don't buy or sell based on what I say or place my targets at, because I don't even use my targets, I'm very conservative. P.S. I was practicing drawing an upward support line (black) so don't pay much attention to that.
COINBASE:LTCUSDShort
by jbutler7