LTC recovering and hoveringDue to unresolved regulation influence from China, the price may hover around the black speed line. Although it may go up to 308CNY by the middle of October, other crossing points with red circle marked in the chart are still possible.
LTCCNY
Everyone say "Thank you Charlie Lee"In related news, crypto devs are mildly autistic at best.
Charlie Lee is very sad about what he did and banished himself from Twitter for a few days. Problem solved right?
Wrong.
At the time of the tweet, LTC was nearly 450 Chinese yuan. Actually, it was exactly 450 yuan. Its a nice healthy round number to put a short in at. But hey, Charlie is a nice guy and Im sure he would never do something like that right? Its not like LTC isnt massively centralized in China or anything.
This is crypto. Crypto doesnt care about your TA sometimes. Some days it trades purely on rumors and tweets. Its days like this where you need to step back and realize no one can predict where this thing is going to end up.
Dead-cat bounce pattern of LTCCNYDead cat bounce pattern will lead the price down to 334CNY, and then 308CNY
LTCCNY climbs again1. Price of LTCCNY may bounce around the red bold line and climbing up gradually.
2. Based on the past movements, when price climbing over the red line, its movement becomes much more emotional and dramatic.
3. However, the price will eventually touch the upper green dot line. (Comparing to what happen between middle of May and middle of June.)
Litecoin Short Term Support Trendline After a labor day weekend sell off in crypto, litecoin appears to have formed a support trendline for its base and accumulation for it next run up. Volume is low but volatility remains high. This looks to be an opportunity to go long on litecoin. With lightning network going live, atomic swaps, excellent dev support, litecoins solid history, continued adoption for litecoin as a payment alternative to bitcoin and credit cards (having lower fees and faster transaction times) and more I believe litecoin is undervalued.
Future Support RangeWhen correction comes, first support range may fall on 425-435CNY, if break, then looking support by 409CNY. The uptrend will continue after the would-be correction.
LTC | higher value relative to USD & BTC|Coiled & Base is builtLTC has been pretty consistent and we're seeing the rotation into LTC that typically happens after a BTC move. The cycles have been consistent but it looks like LTC wants a higher ratio to BTC based on volume profile. This tells me that LTC could have significant upside moving forward. Not only is USD, but more importantly we can see the technical upgrades priced into the BTC pair with higher low volume nodes on the volume profile.
LTCCNY future resistance and support levelsThe current uptrend may touch 405-410CNY, or even 425-435CNY, before decline begins.
Sideways before a clear trend, more to the upsideA Descending Broadening Wedges Pattern is formed. Price may go up to 325CNY, even 340CNY. However, if decline down to the upper guideline at 270CNY, downtrend may come.
LTCCNY may form a Symmetrical Triangle, just one minor high awayI'm new to trading, this is something I'd like to share with you guys. According to the daily chart pattern, LTCCNY may form a Symmetrical Triangle in the coming 2 months or so. However it still needs at least one more minor high for this formation to be concrete.
LTCCNY - OKCOINLTCCNY - OKCOIN
As we can see bullish flag perform, if confirmation line break up, target will be at 334.76
#thanks for Inct73 to help me analyze this.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
LTC, H&S completed.As you can see, that the re bounce of LTC is not strong enough, and it has been suppressed by the lower pink track, so as what I see is the left shoulder has been formed, also the Stoch RSI has cross down in the over bought zone.
So, the neck line around 255YUAN will be test again, which is also the MA144 of 6H, if it breaks, I believe LTC will reach 50~61.8% Fib level.
I have closed all my position and leave the market for a while, Good Luck.
LTC long trendentry price: 315 ,stop loss:305 ,
profit areas: 360--500--680,we would touch the 100 dollars areas eventually!
happy trading, hope I don't make mistake!
LTC all support holds well, now let's pull up towards $60.LTC all support holds well during this time, I believe we are still in the uptrend, and as the Stoch RSI arrived over sold zone with all supports well, I think it's time for LTC to pull up.
And in next few days BTC will start the segwit2x from July 21, after a research I think it will pass, but still we need to keep an eye on it, safety is always priority.
Good luck.
Detial:
Ltc bull buy callClouds say price should adjust and ltc is following up. Rsi pointing up and has broken the line I set at the breakout points I saw. Ltc has fallen just outside the pitchfork for uptrend. Possible great long position on a green rocketship.
LTC - Moon or moon later?After several hours looking into why I didn't see the Litecoin pump, I came to the conclusion I was looking at the wrong charts. LTCUSDT and LTCBTC are not really that important anymore (and those were the ones I was looking at). The important chart is really LTCCNY, considering China is exploding in volume and the Technical Analysis trend is quite easy to predict there. Check out the rising channel here. It looks hyper bullish.
Right now there are two options. It either continues to go up and reaches a resistance in the upper line of the ascending broadening wedge, or it goes down and bounces to then continue going up.
There is a smaller chance that it ends up breaking down to 235 CNY.
I haven't bought into the current rally yet (although I bought the pump three weeks ago and sold near 350 CNY / 46 USDT). Waiting to see if this goes up or down to decide if I should buy now or wait for the bottom to buy in.
Good luck :)
Check out my signature for my Free and Premium Groups/Channels.
LTC, will it be a storm?During the last 3 month, LTC keep climbing up with the support of MA30 on 1 day, but now, seem there will be a serious test for it, if the support of both MA30 and the lower track break, that will be a big retracement coming next, and for the target, I believe it will between Fib 61.8% and 50%, with the support of MA90 on 1day.
And we also need to watch the trend of BTC, if it's speeding up, that will drag LTC down in a short time. So be careful.
Good luck.
What do you do when you see a C&H (LTC)You go long.
Blue box bids - Red Line Stop Loss.
If you want to buy cheaper and faster LTC - please buy from the exchange linked below. This exchange pays 50% of LTC fees to litecoin foundation, and 50% to ETC. We must support initiatives like this. Below is my referral link:
coinut.com
Tips welcome:
LTC Tps: LZAzuZN3JXnRYxjVUT6xaEE316LfbRRV2h
BTC: 1AxjpnwAv9w1y3Fp8wKT7W6oMg69VAJsji
LTC/CNY (Potential) C&HLooking at the 1D LTC/CNY for Huobi/OKCoin I'm seeing a potential C&H. My last call for LTC/BTC C&H played out perfectly. I'm hoping for this to play out as well. LTC has massive upside, and is still way undervalued. Some of the new Lapps developers are working on have been promising. Links below
Upcoming Lapps
lightning.community
News
themerkle.com
www.moneymorning.com.au
New BTCC LTC Mining Pool
pool.btcchina.com
Example of a BULL AF Chart - LTCSharing this here to show good stable bull run. LTCCNY has been amazing. Long term trade until channel break. Bull since April.
