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Ltcidea

LTCUSD IDEAWith indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and back up to happen and play out by sunday. I will be taking a long position for the relief bounce if I notice a bull divergence on the RSI in the green box area. By weekly close I expect us to be back over the White trend line sitting at 142 where we should continue into next week. This will be a max pain for overleveraged longs from last weeks low and late shorters this week.
COINBASE:LTCUSD
by martintravis
LTCUSD IDEAcould it be this simple? We like to bounce off the 8 hour 200 MA in a bull market. We are currently hovering around the 200 MA right now... Perhaps a bit more invoking of fear over the next few weeks before lift off. Litecoin will melt faces this year. Pending that the global market situation stays fairly unchanged. Lots of big things coming to LTC in the next couple of months to justify a large uptick in price: Smart money is accumulating Omnilite - Smart Contracts *released* Taproot Mimblewimble
BITFINEX:LTCUSDLong
by martintravis
LTCUSD IDEALooking at the graph A & B you see some similarities. 1.) The drop in both was close to 70%. 2.) You will also notice the volume candles highlighted in yellow. Only time in LTC weekly chart that you see that similarity in decreasing selling volume candles 3.) MFI and RSI seem to be following similar patterns to the 2017 crash. IF I had to take a calculated guess I would expect a new all time high within the next couple of months depending on the overall health of the financial markets.
COINBASE:LTCUSD
by martintravis
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!
Long
by JacobR905
LTC one step closer to take off!!Litecoin has been pumping recently putting out big numbers, we are currently well above the 0.7 FIB level and super close to going for that heavy resistance at the 1 FIB level or 247$USD. We broke out of the ascending triangle with force and it definitely feels like LTC is going to show everyone what its capable of in this alt season bull market!! We see the zero lag MacD has crossed bearish but i think itll be for a short period, even if we do get pulled down i'm confident we will still close today above the 0.7 FIB! Also the ichimoku cloud is starting to print some green support. i believe we are going to see LTC start to take off soon enough smashing through that heavy resistance and keep heading up! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
LTC Ready To EXPLODE!LTC is looking fantastic right now! We are soaring through the 0.3 FIB level and could even see a push to the 0.5 FIB! I'm confident LTC is going to have a great close today around current prices and then tomorrow continue that push up! The RSI has just crossed the 50. mark indicating an uptrend and isn't very close to the overbought area! The Stoch RSI same thing we are flying up and still only around the midway point. Now the MACD is probably the most bullish Indicator on here, we are about to see a potential Golden cross and big push from the bulls! We will follow BTC but both are looking very bullish and i think we are going to see a strong April! NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
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