Get started

Ltcbtclong

LTC getting ready to take off! Ride the BullAnalysis: Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen. Entry Point: General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry. Take Profit: The green lines represent target take profit levels. We suggest cashing out 10% at T1, 35% T2, 50% T3, 5% T4 (or let it ride if it still looks bullish ). Stop Loss: Stop Loss suggested at 8800, which is below the liquidity pool and 3 established local support levels. Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level. This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
Long
by theheirophant
1
Litecoin attempting to break the trend line Litecoin is attempting to break the 7-month old trend line. After creating the series of lower highs and lower lows, the price created a hammer candlestick pattern. After the price pushed below the support trend line, it closed above the trend line. This pattern is a bullish reversal candlestick pattern, made up of just one candle, signaling the end of a downtrend. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. The next level of resistance is the horizontal line resistance, coupled with the big psychological level of 0.0100, followed by the 100 DMA.
Long
by WhaleAgents
Swing Trading LTC/BTC - Whoops I did it again!If you follow me you know I'm long on LTC. Attempting a small swing trade today, I made a mistake and traded LTC/BTC a bit too early around ranging from .00882 - .00886 ! I saw some bearish divergence but , alas LTC caught an extra push and I missed out. But no worries! We hit the top of the RSI on several LTC/BTC charts today so I'm confident it will come back down. For safety purposes I placed my LTC buy order at .00883, which will put me ahead a negligible amount but I honestly think it will be easy to swoop around .00881 or lower ... It's so hard to predict price action , but the RSI is more telling. At 50 we could go either direction. This will be largely dictated by what the market decides to do as a whole. Also note the loss of RSI strength on the latest move up. Right now LTC/BTC is selling just over .009 so good opportunity to make some swing trades when that RSI inevitably dips. Personally I will be accumulating LTC for a long position. I am not a professional investor or financial advisor, trade with caution!!
Long
by peakindicator
11
Litecoin - What the tech is happening here?Charlie Lee and his "good guy" crypto have been taking a beating this year. Despite the yearly chart being VERY VERY UGLY, Litecoin has bullish divergence on every 4 hour chart. I think when BTC gets it's run up, LTC could easily go back to .02 BTC. BTC is also showing good bullish divergence on the 4 hour chart but that does not necessarily mean this dip is over. The RSI gives us an educated guess, but nothing is certain. If we see Bitcoin dip to 5800, we could see Litecoin @ $50. I really hope this doesn't happen, being that I'm currently HODLing LTC, but I am also a realist and know we are just one huge buy or sell order away from a jump in either direction. Looking at the upside, LTC promises bigger returns. If and when LTC hits it's previous top at 360 , that's already a 6x return, vs about a 4x return with BTC hitting it's old top. LTC is technologically and ideally superior to BCH, and with the Litecoin summit happening soon , who knows what could happen. I've been making tiny accumulations of LTC, trading with BTC on the 15 minute chart, but for now all in on LTC untill I see a good trade available. If BTC dips to 5800 , I may not have time to react, but I'm not too worried because I don't think we will go lower than that. Look at all these good buys in the crypto market ... Really how much longer can you resist? LTC, being undervalued has not stopped it from SUCKING so far, but I'm hoping it turns around soon, especially when it comes to real world transactions and LTC becomes known as superior tech. Happy trading, only invest what you can afford to lose, as this is not financial advice. Pls leave a like and comment on your current thoughts on the market. Are we on the cusp of a boom? Or down to 5800 first? Just don't say under 5800 because that's when I stop listening , haha. Much love to those of you who follow my mistakes in real-time (haha) I'll post updates as they apply to this post if it receives over 10 likes!
Long
by peakindicator
1
Is ALT-season near?BIG update on (BTCUSD,ETHBTC,LTCBTC and more)Today an update on 3 big players in cryptospace. I will talk about BTC, ETH and LTC, when will the alt-season start? This is my opinion… Not so much TA today, I would like to make a point on how I look at this markets using BTC as the main coin of comparison. BTCUSD: First of all I want to start with the most important one, BTC. So really nothing major has happened yet, we can see a 10% correction as reaction to our 50% uptrend of the last couple of days. Now BTC is trying to find support on several levels. Next big support level is at 7.45 level where our 0.382 FIB level is. As long as we don’t pass our uptrend level who could possibly be support line, I’m not worrying too much on BTC. I think that the area between 7.5K and 7.2K can possibly be another big support line aswell. When we would break down all these levels (chances very slim in my opinion). Than we could go back to our huge support level at 6.8K. At the moment the stoch RSI is telling us that we’re oversold so expect a green day tomorrow or the day after. BTCUSDLONGS: Another great thing to see is that more people are positive on BTC. More people are getting long at the moment. We broke back above our upwards trend line, which is very bullish. ETHBTC: A big downwards trend here, clear to see that BTC is outperforming ETH big time. We are now reaching an important support-line at 0.055. If we succeed to find support, we would create a double bottom, which would be a great foundation for the future. I’m expecting a small bounce at 0.055 which will be followed by a downtrend, my guess is that we’re not holding support at that particular level. My next target is at 0.047 . ETHUSD: We’re now on a huge resistance-line aswell, again I think this is too early, we’re not ready for a massive altcoin uptrend. We’ve broke our upwards support line which is very bearish. My next target here is 355. Although we’re in a huge oversold territory. ETHBTCLONGS: Very interesting chart aswell, this chart is showing how much people think that ETH will overperform BTC. (chart speaks for itself). LTCBTC: Interesting: we saw a 60% correction and we are reaching the oversold territory. Absolutely not the end, I expect a downwards trend to 0.0084, maybe to 0.007. LTCUSD: We’ve now reached a huge support at 76 usd. We’re nearing the oversold territory, could possibly see a small bounce at 76. LTCBTCLONG: Again same story, no one thinks that LTC will outperform BTC. Don’t see the point investing in altcoins at the moment, we’re nearing oversold territory aswell but should wait on this one. So we can conclude that the altcoin season hasn’t start yet and isn’t close aswell. I think that it’s great to see BTC-dominance go up to almost 50%, all the alts getting in the oversold territory. We’re preparing for the altcoin launch but we need first to go down before we can see a uptrend. I think we will see a downwards trend for the most coins for the next couple of days with BTC out-preforming the alts. I'm very bullish in long term for crypto in general! Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:BTCUSDLong
by cheynos
Litecoin sitting at major support Litecoin has pushed lower since it has penetrated through horizontal support and 50% Fibonacci support. The coin is currently sitting at the 61.8% Fibonacci major support and is looking to create a short-term bounce. Of course, Litecoin is also below both 100 and 200 MAs on both H4 and D charts as well as the downward trend line. Since we are extremely oversold on the daily chart (RSI below 5), we are looking for a short-term bounce against the 61.8% line as our risk indicator. Any significant move and close below this level will make 61.8% as a resistance level and now lower levels should be seen. Until that happens, we can look for higher levels in market that looks extremely one-sided right now. Long at a current price - 0.01290 SL: 0.01190 - close below 61.8%. TP: 0.01430 - trend line resistance.
Long
by WhaleAgents
$LTC #Litecoin - BIG MOVE AHEAD - fasten your seatbeltHello Lads and Ladies, Today we are taking a peek at LTCBTC and seeing how it is getting ready for a big move. Just a little to the history of LTCBTC. In December we saw a humungous push to 0.019750, from there on it was on a downtrend to 0.016000 and crashed within a few days to 0.013400. After the crash it just rocketed up almost 100% to 0.025000. From that level on it has been on a pretty steady downtrend. As LTCBTC is known for its violent crashes but also its even more violent pushes, can clearly see a strong downtrend resistance after the the very big rocketing in February to 0.025000. There was also a second downtrend resistance that has come to and experienced a push from the 23.6% fibs to the 38.2%, back to 23.6% and up to even the 50% fibs line. This last push has confirmed the second bigger scale downtrend resistance that LTCBTC has been respecting and is now hugging. Normally, we have a very strong support sitting at the 23.6% fibs line which is located at 0.016000. Since we should have been at an end of the big scale downtrend, we could have expected a big bounce to 38.2% and then to 50% again. Nevertheless, we had the whole market shaking very hard, what caused LTCBTC to crash almost to the same level like it did in the beginning of February and started a humungous push. Right now, the LTCBTC chart is still hugging the downtrend resistance. It seems like that it issuing to break it and leave it pretty soon, form where we can at least expect it to push up towards the 38.2% to 50% region. Moreover, should the whole market stay in a pretty positive vibe and experience a nice push, we might even see LTCBTC repeating its almost 100% push again. Normally I always show more bearish scenarios but in this case I am very sure because I have been trading LTCBTC for a long time and we haven't seen a really big push now for quite some time. The downtrend is ending and the push is immanent. I am not saying that it will happen in the next few days, but I am pretty sure about it within the next few weeks. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
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
LTC TOO MUCH SIDEWAYS, ENOUGH!Litecoin is one of the strongest altcoins who has been really weak in the past period with its projects(Litepay) being failure. However lets not forget that it is still one of the strongest altcoins in the market and it is now in its buy zone. Since first of April Litecoin has triple topped at its Resistance(red area) area however since the third top it has more than triple bottomed at its Buy In Zone(blue area) and it is looking to get out of the retracement trend by forming a falling wedge pattern. For long term I would strongly recommend to buy short term I would recommend to wait a little more as my prediction is that its gonna hit the retracement wave once more and bounce back to buy-in zone after which we should see the breakout. STOCH RSI is heading down which means downward movement in the market possible however that is short term as the STOCH RSI is already in the oversold area and we should see buyer joining the market soon. Good Luck, Traders!
by farhadjafarov7
LTC - Gut tells me bearish, though bulls have a chanceHead and shoulders forming on the daily chart. RSI is levelling off to around 50, no real pressure up or down, prices are simply frozen where they are. If the bulls hold the neck line of around 162k, I can definitely see us going to ATH at around 262k However if the bulls don't hold the neck line, may god be with all the LTC holders out there, I'll see you at 61.5k sats. Weekly charts are not promising in the slightest with some major bearish divergences appearing on both RSI and MACD. Will sit this one out on the side lines to see what happens in the coming weeks/days.
by EnZo