LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.
Ltcprediction
LTC - 6h. The loss of $183 will lead to a sharp drop to $140In the previous idea, we expected a test of the $ 196 mark:
The boring price movement within the triangle showed us where the liquid range to buy is. We are talking about the price of $170-175 . This range sustained the first hit on February 22-23, when the LTC price fell non-stop.
Please note that this range did not stop the total decline in LTCUSDT, but it slowed down significantly. The importance of this price range is also confirmed by a new wave of growth that began on March 5. Only after buyers managed to take control of the $170-175 range and test it at low volumes, a 30% increase in the LTC price began :
On March 25, buyers were again tested for strength. However, the $170-175 retest passed without much enthusiasm from the buyers. The new wave of growth began rather sluggishly and now the LTC price is near the critical point.
If we analyze the LTCBTC chart on a weekly timeframe, the reason for the slowdown in the growth of the LTC price becomes clear:
Stopping the growth of the BTC market and the fall in the price of LTCBTC has a bad effect on the price of LTCUSDT. Therefore, it is the new upward impuls e of the LTCBTC pair that can significantly revive the LTC price and help it get out of the upward triangle.
___________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC - 4h. New test range of $208-215?As early as 2 weeks ago, a local downward trend began on the LTC market , which successfully corrects the previous wave of growth from February 28. Unsuccessful attempt of buyers on March 15 to gain a foothold above the range of $208-215 ended with the activation of sellers. In fact, for 5 days, the LTC price consolidated below the $208-215 range before starting a new downward impulse.
The main struggle in the LTCUSDT market was fought around the mark of $195 and $215 . In the previous idea, we indicated that if buyers keep $ 193-195, they will be able to break through $ 208-215:
The mark of $195 also played a key role on March 24th. It was after a weak test by buyers of this range that the LTC price fell by 13% in a few hours.
Thus, sellers managed to test the range of $170-175. At the moment, the LTC price is moving in a local channel of decline. The critical point for sellers is at $ 187. If buyers manage to take control of this mark, we will expect a re-test of $208-215.
However, in our opinion, in order to start a new wave of growth, buyers need to pass the test again in the range of $170-175 . In a negative scenario, the price of LTCUSD will continue to move in the white channel of decline. Therefore, it is worth closely monitoring the re-test of $170-175 and making decisions.
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC - 4h. Will the sellers be able to test $170-175?New month - a new local trend . It is with these words that buyers began a local wave of growth after the total collapse of the LTC market. The wave of decline was so strong that it was stopped below the liquidity zone of $170-175 . If you look at the chart, it was on February 23 that this range took the main blow to sellers, slowing down the fall in LTCUSDT prices . The fall continued due to inertia and buyers managed to change the situation.
At the moment, the price of LTCUSD is moving in a clear growth channel . However, the nature of the growth of the LTC market is alarming. Trading volumes during the current buyer initiative are lower than during the previous wave of growth. Buyers are unable to test the top trend line of the white channel.
Our previous idea has fully worked out and now the LTC market is at a turning point.
Given the nature of the price movement during the fall during the rise, there is a high probability of a new wave of fall. The main question is how strong this impulse will be.
If you consider a positive scenario - sellers will try to re-test the range of $193-196. By holding it, buyers will have a chance to break the range of $208-215.
The negative scenario is a deeper correction to $170-175.
_______________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC - 4h. Growth to $207 is possible on one conditionThe total price drop did not bypass the LTC market. One of the most liquid coins of the crypto market fell by 30% in two days. Quite a good result if we compare that the drop in the price of BTC was about 22% .
Our previous idea missed the mark a bit:
However, the rebound after testing the mark of $157.29 was rather weak. Given the nature of the growth, we believe that the likelihood of a continuation of the local growth wave is high.
The main condition is to keep the mark of $170 . If sellers test this mark at low volumes, we will expect the continued growth of the LTCUSDT price to $207.
Looking at the BTC chart, you need to have another scenario in mind. If BTC buyers do not hold on to $46,000 - 46,500, the price will continue to fall towards $ 42,000. In this case, LTCUSD will test the mark of $146 .
LTC - 2h. Buyers kept of $192-196. The next target is $260After updating the local high on February 14 and testing the mark of $230.77, the LTC price began to correction. Buyers received a major blow in the range of $192-196. It is in this range on February 15 recorded large volumes, which sellers wanted to push the price lower.
However, as we can see in the chart, buyers were quite interested in this range . Completely depleted of sellers, buyers began a new attempt to grow within the black local channel. Confirmation of the continued rise in the price of LTC will be a retest the mark of $217.
If buyers can keep this mark, we expect to continue to grow to $250-260.
In addition, the positive dynamics in the BTC market contributes to the growth of LTC:
The critical point of this scenario is the range of $192-196. If buyers do not keep it on the LTC market, a deep and protracted correction will begin.
_____________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTCLTC has certainly made its move but it has NOT YET made its ATH unlike BTC and ETH. As long as there is no news that tanks the crypto market then LTC is next. It is consolidating under a resistance that was made waaaaaay back. when LTC goes you will easily see this get to 220s.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
LTC - 4h. Buyers are preparing for the test of $175The correction of the previous wave of growth in the LTC market lasted for almost a month. After setting a local high of $185.83 , buyers retreated. As a result of the correction, a triangle was formed in which the LTC price was traded until February 2.
In our previous idea , we showed potential LTC buying areas.
Thus, testing the range of $126-130, the price of LTC began a new wave of growth and went beyond the consolidation triangle.
Buyers managed to take control of the $145-150 range. If sellers fail to lower the price below this range today, we will expect continued growth to $171-175
An alternative scenario will begin if an erroneous breakdown of the $145-150 range is formed in the daily timeframe. In this case, a new clear channel of LTC growth will be formed and we will expect a correction to $132-133
________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC - 4h. The price reaches the critical range of $145-150Low sales volumes during the wave of falling LTCUSD prices on January 25 hinted at the end of the correction in the LTC market.
In fact, on January 10, after a sharp drop in prices by 40% , buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range.
Thus, we believe that the initiative in the LTC market again belongs to buyers .
To continue to grow with a target of $170-175 , buyers need to either test the $ 125-130 range again or break the $ 145-150 critical point within the current attack. Buying LTC now for short-term speculation is, in our opinion, risky.
_________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC-6h. A positive scenario - test of $220.On January 11, buyers failed to defend their local trend , in which the price of LTC moved from December 11. After living exactly a month, the trend broke.
Sellers misused the chance to start a correction , leaving the liquid range of $126-132 under the control of buyers. The breakdown of the trend line forced many buyers to close their positions, after which the price began its movement in the new white channel.
In a previous global idea , we wrote that we expect a correction after a slight increase to $169. However, given the trading volume and the nature of growth, we decided to consider another, more positive scenario of continued growth to the range of $200-220.
Importantly! This script will take effect only after fixing the price above $ 169.
The beginning of the fall in the price of LTC began after the unsuccessful fixation of the price above the range of $168-174. The sellers were able to stop the price and organize a spectacular correction of 33% . Given how firmly buyers have kept the range of $126-132 , we think that the consolidation of prices between these critical points is quite high.
Given the strong growth trend , which has changed its angle of inclination, after a successful test in the range of $ 126-132, buyers will begin active growth with the renewal of the local maximum in the range of $200-220.
__________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC-4h. Loss range $147-153 and target $100.The euphoria in the LTC market did not live up to investors' expectations. Breaking the global mark of $145 up gave the price a great chance to continue to rise to $220.
However, the sharp fall in the price of BTC significantly adjusted the plans. As a result, the LTC price broke the bottom trend line of the channel in which it traded from December 11. The main buyer support was in the range of $148-153. At the moment, this range is under the control of sellers. If buyers fail to regain control of this range in the near future - this will be a serious signal to sellers to continue to fall actively.
The main target of this scenario is $100.
Another signal for the continued decline in the LTC market will be the continued decline in the price of BTC and breaking the $33,000 mark.
Consolidating the LTC price above $153 will give buyers a chance to test the $173-180 range . We will closely monitor the movement of the LTC price and update the idea when the price chooses its scenario.
________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC-4h. The price is ready for the test $220.After breaking the key mark of $147 , the growth of the LTC price slowed down. Active resistance from sellers on January 3-4 did not work and the main level of the LTC coin remained under the control of buyers. The price went according to the "white scenario", which we wrote about in the previous idea:
At $173, sellers found a new range to slow prices. However, at the moment their strength is not enough to stop the strong trend.
The main target of $220 remains valid. Now the price is one step closer to growth by 25%.
LTC trading volumes are now in 4th place among all crypto coins.
In the event of a sharp change in the situation in the crypto market - the critical point remains at $147. However, the probability of breaking the $147 mark is still quite low.
___________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
LTC-3h. Local correction to $112-115 is possible.HAPPY NEW YEAR!!!!!
Despite the great achievements of buyers in the LTC market , fantastic trading volumes and the update of the historical high of BTC , the price of LTC failed to test the critical level of $ 145.
We wrote about this level in the previous idea.
The sellers are trying to take matters into their own hands. The local level of $131 is already under the control of sellers. Slowly but surely, sellers are lowering the price to the bottom trend line in the range of $112-115 . From there, we expect a new impetus for growth. We will see how successful it will be in the process of its formation.
Alternative scenario. If buyers do not keep the range of $112-115, the global correction of the coin will begin and the price will continue to fall to $100 .
____________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
To the moon with full powerFrom the Bitcoin family, Litecoin is a digital asset token of the Litecoin network that can surprise everyone. My only complaint is that I own the least of this token.
In the weekly chart, and according to the wave counting, the price is in the 5th wave of the uptrend, according to the Fibonacci ratio in wave 5, this uptrend can be extended up to the target of $ 1688.
(Weekly Chart)
The price is in the 5th wave from the sub-waves of the 3rd wave, in which the price has the largest movements as usual.
As you see, the daily chart is totally clear, there is the possibility that the first wave from the 3rd point ends in the range of $ 438. In continuation, I expect the advent of a strong uptrend, initially for the target of $ 597 and finally the target of $ 1600.
LTC nice run, time to short.Short term reversal incoming.
PA is lining up well with the indicators too (simple bearish divergence on 1D chart)
decreasing volume on this move up.
1 more bump up, into previous support now turned support.
I'm closing off my trade at T1, I barely trade but when I do, I go safe.
T1 - 0.128 or there abouts.
T2 - 0.115 or there abouts.
will be following this up with a trailing stop.
Ideal entry be around 0.154 - 0.16
My stop aat 0.168
R/R 3.37 at T1
PS, resize the indictaors to better see the graph.
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!
LTC April 1, 2018 PredictionIt's no April Fools joke: LTC will be over $1000 by April 1st!
LTC will make some impressive gains very quickly as mass adoption speeds up and as we get closer to LitePal being released in Q2 or Q3. LitePal will rival Coinbase commerce and will be 10x a bigger deal than Litepay. LitePal will create more competition in the marketplace and more and more businesses will start to hold a percentage of their revenue in LTC. What does that mean? Larger players (perhaps associated with said businesses *hint*hint*) will come into cryptocurrency in order to increase the value, allowing the businesses they are associated with to make larger profits from their crypto-holdings. See where I'm going now? LTC is extremely undervalued and has excellent price-appeal. This is why we will surge.
There will be slight pull backs along the way, but I think we'll see a strong wave 3 and wave 5 and breach $1000 by April 1st (similar to ETH's run from 450 to 1400).
Buy the dips and buy the breakouts, ladies and gents. We're going to Mars!
#Litecoin #LTC is headed back to $60 USD with #Bitcoin Gold ForkLitecoin is looking bullish to reach past $60 mark again when the market spiked ($62) after the crash to $36 with the closure of the Chinese exchanges. Bitcoin is stabilizing above $4000 USD with the upcoming friendly fork of Bitcoin Gold -0.30% so Litecoin is looking to hold above $50. Look to swing trade between $52 and $56. First wave of Chinese exchanges are closing this weekend so I am looking to increase my positions. BTCCNY only accounts for 2% of trading volume now so I am not expecting for it to drop below $50, but I am prepared to increase my long term position if it does. Market looks bullish for steady climb with good price action -2.97% . I have purchased Litecoins below $46 before the pump to $98 and have sold all of it during at $60 and $72 resistance levels. I have been scalping trading it as it was coming down and made gains on it by buying at $65 and selling at $78 ($82 was resistance level before crash). I got stuck with some positions purchased at $60, but been steadily picking up around $50 and double downed at $46 - $48 for long term hold. I sold the LTC purchased at $60 and $50 range at $52 before it dropped below $46. I have now re-entered the Litecoin market to make some gains to increase my BTC position to get more of the free BTG. Sorry for not publishing this earlier as I had only uploaded to Twitter.
Please feel free to follow me on Twitter for my personal trades:
twitter.com