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Ltcbtclong

Litecoin Setting Up For Quick ProfitsHi All! Taking a break from the BTCUSD chart, as the wave between the trading zone ranges we can identify some additional opportunities to profit. On the chart above we can see that LTCBTC is currently sitting on an accumulation line of a strong previous support level. Trend lines are diverging and we will see a forced decision from the market in the coming hours. This looks good for a short term trade as the RSI has been bouncing around the oversold level for some time after breaching this previous resistance level (now turned support) back on the 30th of March. Look for a breach of the downward sloping trend line followed by a retracement to the breakout zone to confirm the move upwards. Accompany this with the cross over of the 20 EMA over the 50 EMA for confirmed entry, set exits against fibonnaci levels. Trade Safe! *** This is not trading or financial advice ***
Long
by basementTrading
5
Going down down baby, your street with LTC! (PT. 2)Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we can see we are producing lower lows and still trending in an upward motion while the price continues to drop. This can signal a bullish divergence when the RSI is holding above it's prior low while the price is moving to new lows. These tend to be more robust after an oversold reading which is what we saw on 3/2 on the RSI chart. SO, by looking and analyzing the DMI and the RSI we can see that even though the price is dropping at the moment we are still showing signs of strength, and our support line is holding. IF LTCBTC were to fall below this support line we could head south quick, but if we hold here we could see a nice bounce back up to the next support/ resistance line of around .0195. Also, keep an eye on the RSI, if we fall below our most recent low or below the trend line this could be a bearish signal as well. If you wanted to take the risk you could buy with setting a stop loss just below the support line. However, waiting to see if we can break above the support or below to confirm which direction we are headed is ultimately be the best move for now. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell***
Long
by dustyPH
1
Tick Tock! Is it time to buy??? Hey Followers, Many are falling by the LTC sell off, I am not nor should you, if we have a look at the chart, we have hit the bottom of the range. Its a great place to look for a bounce. LTCBTC is in an extended range, with the top at 0.0238 and the base a tight area between 0.0186 and 0.188. This level is also the 50% Fib Retracement of the last move up. Price on the 4H chart has just hit the bottom of the range and this 50% Fibonacci Retracement and created a double bottom (Circled in Blue) and appears to now be putting in a first higher low. We are looking for a buying bar closing above 0.0190 on an Hourly or 4 Hourly chart. Its important we wait for the buyer bar as confirmation the market is watching this level. A close below 0.0186 would invalidate the trade and open up the possibility of looking for a Bearish entry. Entry High of the first bar to close above 0.0190 Slop loss is 0.0185 Target 1 is the first bar on the timeframe we trade to close above our entry Targets from there Just before the blue dotted lines on my chart at 0.0194 Target 1 0.0201 Target 2 0.0210 Target 3 0.0238 Target 4 - the black line I hope you all enjoy this trade, we hit some massive profits yesterday around 90% and if you can continue to follow we are going to see many more of these days ahead with the market repairing and improving new trades are jumping out.
Long
by DollarsAndSense
2
I'm going down down baby, your street with LTC!!!Good Afternoon, and welcome to my next update on LTCBTC ! Litecoin has preformed exactly like I expected and if you saw my last post you will notice I tried to warn you when we reached the price of $230 that we were headed down. I would like to point out a few lines that I have drawn on the RSI and the ROC and compare that with what the MACD is doing as well. The first lines are from 2/8 - 2/13 and indicate that both the RSI and the ROC are producing higher highs while the MACD is converging nicely together all while staying above the signal line. This was right before the big jump on 2/14 and where we saw our most recent high. Recently we have seen the RSI and the ROC producing lower lows all while the MACD has fallen below the signal line. The ROC has started to turn which is good but we need to see it crossover the signal line (0), AND we need to see the MACD begin to turn as well. IF we can see the MACD turn even while the price is still dropping this could signal a bullish reversal however I will not be convinced until we see a crossover. Right now, from looking at the indicators LTCBTC is holding the first support at the moment which is good. IF you wanted to take the risk now would be a good time to buy to get the most reward, HOWEVER we could still go lower so setting a stop loss below this support would be wise. IF we break this support we could tumble quickly to the second support line I have drawn in the chart. The next several hours will be critical to see what happens.... Will LITECOIN hold the support we are at and bounce up ... or will we go down down?? I would like to point out LTC is still within my large ascending triangle which we could still touch the bottom of again. I do expect LTC to break out of this triangle eventually and set a new support at the top, this could be month(s) before this happens or until new news of LITEPAY (actually coming out happens, haha)! Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
by dustyPH
2
Can LTC find new highs?!?Yes, another post on LTCBTC ! Just wanted to get this out to show what we are seeing on the STOCH RSI, RSI, and CCI on a 4 hour mark. All 3 are beginning to fall which could show signs of weakness and being oversold. We have had another rally but could not reach the previous most recent high of .02490. We topped out around .02381 and we have started to fall again. We could see LTCBTC fall back to test the green uptrend channel around .02000 or even touch the support line again around .01947 - .01975. If it hold this and bounces off the support we could see another rally up and I expect to break the resistance line and find a new high, IF it were to fall below we could see a fall back to the second support line. ALSO, today is supposed to be the release of LITEPAY, should make for an interesting day! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
3
Who's down with LTC (yeah you know me)Looking at the latest ups and downs of LTCBTC over the past week we can still see it looks as though the support zone that was identified in my last analysis is standing. In this chart we can see 3 support levels and 3 resistance levels that have been identified. Definitely seeing mixed signals as to which direction it will go but lets keep a close eye to see if it we will keep the support level we have currently. Not that it means anything... but, I find it interesting that where the small downtrend channel meets and intersects the current support line is on the 26th which is the day LitePay comes out! Coincidence?? Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days) Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold. Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction." Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
BULLISH LITECOIN in IMPULSE PHASE.Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that first bulish impulse is over. Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively take a long position for 400$; "Short term target": 240 - 260$; "Middle term targets": 300 -320$; "Long term targets": 370 - 400$. (Teh main invalidation for all targets is 103.90) Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSDLong
by POWERFUL_TRADERS
5