$LTC REACHES A BUY ZONEAs we can see on the chart, the pattern W-X-Y is done, the correction is done.
The next big target is now around 123-125.
Ltcshort
short down to the 100 DMA if we close below the current .382 fibIf we close below the highlighted .382 fib level (pink highlight) then this will become a good opportunity to open those shorts
We should complete the ABC correction down at the 100 day MA (yellow line) with a target of $100
The 100 day MA has typically been a good support and reversal zone when LTC is falling.
This also lines up nicely with the 618 fib of this run up, and also the trending support level too.
all in all there's a lot of indicators point down to $100 if we close below .382 fib level.
LTCBTC BEARISH SETUP
LTCBTC now is situated into an ascending channel where just hit the resistance 0.0185 and now we need to cool off a little.
Stochastic maded a bearcross which means we will going down
RSI is at overbought because is more then 70
I will sell here,and i will re-enter at 0.0148-0.0151 for halvening!. Good luck,i will don t play it on bitmex. At the moment we have a bearish setup
LTC/BTC Prj, P01E02. Nice pullback, go back inPrevious post
As you know, LTC has been one of the outstanding performers of 2019.
And as such, we must keep an eye out on it, due to the halving many believe has created the bullish trend + other factors as well, eg. BTC trend.
On the charts, LTC is looking good again, against USD\T and against BTC.
As per the chart, its hit a good level on the pullback.
One might be conservative and wait for another green candle on the 4 HRLY and pass a key resistance.
One should also track BTC, for now, its consolidating and we might have another day or two for LTC to shine (due to BTC dominance)
I will update the observations as time develops.
LTC long exit strategyBeen riding this entry since $34, the halving pump has meant it could be traded bullishly all the way, i was expecting one final parabolic move to $170-$200 but we cant be too greedy considering the amazing gains its given all the bulls.
LTC has formed an evening star pattern on the daily which is a strong reversal pattern, granted it might just reverse $10-$20 then continue with parabolic moves up, but my current exit strategy is im anticipating a bounce at $121 levels where we made decent resistance previously, im hoping to sell this bounce as soon as it starts to show signs of a dead cat bounce
eg when it bounces from $121 if it starts to stall at $128 that will be my sell signal and the end of a very good long bull run for me.
im also putting a hard SL just below $121 in case there is no bounce and we just have violent drop.
Good luck traders.
$LTC - SHORT - 4HR- Retesting 4HR block
- a break above and close would signal further upside or a higher retest.
- No super confident in this trade due to a rsi divergence and possible run of stops
- a setup is a setup
Litecoin 50% drop again ?!Hi guys. as we see bitcoin is still going up to 5.5-6K while litecoin is following it's big brother.
When bitcoin soon retests its low we can see a 50% drop in litecoin again.
Just be cautious when LTC drops back from $106 to $50 ish.
Let me know what you think.
LTC shortLTC looks like it may make its way lower to untested levels. Good area to short some holdings and accumulate lower imo. Not financial advice
LTC Waiting for $63 then short As my first previous prediction, I'm still waiting for $63 to short and wait for 48.50 then to the moon, good luck
:Red:Wave: WTS Chickuns 49$ EACHLTC likes IHS, I don't see one in the making.
I do see H&S on multiple time frames.
Lord have mercy on my soul and feathers, for I have become a sleep-deprived gambler.
Litecoin Head & Shoulders Pattern on the daily I am seeing a head & shoulders pattern on the LTC daily chart. If the daily candle closes like this, that would be considered to be a shooting star which is a bearish candlestick pattern.
I am looking at 3 possible targets here - setting a 10% stop loss
target 1 : 0.01167
target 2: 0.01117
target 3: 0.00983
setting a 10% stop loss
If it looks like it will break through 0.01167 hard then i will not take profit there and instead take a bigger slice out @ 0.01117
Discord channel: t.co
Ltc/btc will dump soon to this targetLtc will dump soon to this target in chart
0.010166 ~0.009460 ~0.009014
Good-luck
Bulls failed to clear resistance #ltcToday we made another attempt to clear the major resistance , but bulls failed to push it above the resistance. You can check my previous ltc analysis ( I'll link it below) where bulls tried to push through this resistance but failed. So far this is giving us a good short opportunity , i am targeting red line as my first take profit region.
We need to look for the trend line support here, if that helds then it can turn into a cup and handle pattern.
This analysis will be updated frequently to updated as price moves. Make sure to follow to get notified for that.
I'll really appreciate if you would leave a like.
Previous ltc and other analysis below
simmer down chikunLTC looks like a decent swing leverage short here petering itself out on lower time frames at resistance
Trading plan LTC/USD 23.01.2019After the candlestick fixation of the model "triangle" abroad, short sell with a target of 27.5.
Litecoin analysis #ltcBearish divergence on multiple higher time frames. WE have a sttrong resistance which price have not been able to clear in last 2 days. R:R wise, this trade is just awesome.
Make sure to leave a like a like. Follow to recieve other analysis (Over 90% + accuracy so far) . Previous analysis are linked below.
Bearish divergenceBearish divergence on multiple time frames with the RSI and MacD.
Price is also hitting the white trend line we have been under since Nov 19 which makes me believe LTC will be falling through the orange trend line soon.
#LTC Short setup [btc machine]#LTC Short setup from 0.00803 level. Good entry now at 0.00796 for the second leg.
Suggested SL: 0.00811 TP1:0.00788 TP2: 0.00781
LITECOINLTCUSD is going to test ex-support line of the flag , Fibonacci-61.8% and MAs 100&200 , then expect moving down.
R1 & R2 - resistance lines
