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Ltcshort

LTCM20 LONG Setup Perfect Entry: FOR 1:6 RRHello everyone welcome to this update. I'll keep it short. LTC Just broke out of the falling wedge channel which is bullish in nature We are witnessing a perfect retracement on the resistance turned Support trendline. We can take a safe trade here. #LONG ENTRY: 0.005905 TO 0.005915 TARGET: 1. 0.006054 2. 0.006120 3. 0.006206 4. 0.006285 STOP LOSS: 0.005840 Risk: Reward ==> 1:6 (Highly profitable) Period of trade: 2 to 7 days Portfolio Allocation: 2 to 5% A perfect trade IMO. Please hit that like button if you agree with this setup. All the best. #Peace
LLong
by Cryptorphic
3
LTC/BTCKeep it simple! Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade. Looking at the longer time frame for LTC i'm still very bearish. LTC has yet to test a support level which it had made a long time ago, at the green box. I see it testing this level in the future, followed by a very fast swing back up to test possibly new highs. This trade may take a while, but can be a very profitable trade. My advise would be to set some ladder orders at the green box, with a tight stop around 20 dollars below the lowest wick in that range. It is key to note that the boxes are a range - therefore I ladder into my trades, which gives me a better entry and exit price.
Short
by djhodnett
Litecoin - Short term / C waveThe previous halving in August 2015, led to a nearly 600 day period of ranging price action. Although LTC has outperformed most cryptocurrencies and assets since the beginning of the year, a more bearish picture may be more likely in the following months. Open interest on Bitfinex for the LTC/USD pair is 77% long with longs rising slightly over the past few weeks and shorts slightly down over the same time period (top panel, chart below). A significant price movement downwards will result in an exaggerated move further, as the long positions will continue to unwind. This is known as a “long squeeze.” On March 30th and 31st, shorts held a greater percentage than longs and a short squeeze occurred shortly thereafter, sending price much higher very quickly. Fundamentals show that on-chain activity has continued to decrease after the block reward halving earlier this month. Both NVT and MVRV show no warning signs of immediate bearish continuation, but NVT remains well-above historic highs, again suggesting decreased on-chain utility compared to previous periods. Hash rate has definitively reached a plateau and is now experiencing a 30%+ reduction as the mining profitability sits at all-time lows. Developer activity on the main GitHub repo has been nearly non-existent over the past few months, despite a recent Litecoin Core upgrade in June. Charlie Lee recently addressed this growing concern, explaining that LTC has a limited dev team who mostly merges BTC upgrades onto LTC. Further, Adrian Gallagher (thrasher), one of the core developers, works on a personal branch and merges finalized changes with the master branch at a later date, hence the lack of activity on the main LTC repo.
COINBASE:LTCUSDShort
by ferGOD
LTC (Prj.2019.P02.E02).Close to bottom, entry pointQuick Summary: > > Wedge (bullish) formation intack > Potential Buy Zone (highlighted on the chart) > Hidden Bullish Div. on RSI > Waiting to see Bullish div. on Stoch. It would be nice but not necessary for a bullish divergence on this indicator as well. > Fib.Circle can be pivot point > Key support line as well > In the next week and less than 2 weeks, we should be there. > We should also look at the LTC\BTC pairing at the time and what BTC is about to do. LTC\BTC Pairing looks good as well 1 HRLY Chart Cheers, SSARI
Long
by ssari