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Ltcshort

A quick short setup for LTCBTCTodays short setup for LTCBTC This is a short term trade based on: Bear Div in RSI, RSI oddly high on the lower timeframes Volume still dead EMA 20,50,VWAP all below current price No real zones of support around this price Lower high pivots Lower timeframe price action 5m-15m supporting a continued dive after current little pullback to the upside 3rd solid Test of 61% fib, all the above supports we break it THE TREND IS YOUR FRIEND. This is a solid setup in my opinion with minimal upside (3.85%) - Stop less is set just above the recent pivot high. Will cover half my short @ 0.012 (+7.5%) then let the rest run - real chance this could free fall...but more likely we just continue to see a bleed out, will probably cover before futures settlement date. Risks: BTC moon run.
Short
by UnknownUnicorn3062951
LTCBTC - ShortHi, Can anyone tell me why you wouldn't short LTCBTC right now? It may well be a slow burn short..but I am struggling for a reason not to put a small short in here & let it run: Bearish because: No pending news until September Volume disgustingly low and falling RSI bearish MACD weak/bearish Volume profile resistance is huge with little to no support to the downside Classic ABC retracement waves formed Bearish descending triangle Fib lines plotted last, line up well with short expectations Heavy EMA 20/50/100 resistance Many other projects with good newsflow incoming - ie Where are people going to invest their capital.. Risks? BTC goes full bullmode, institutional money flows in - all maincoins pump LTC releases some surprise news Trading plan: Entry - 0.01582 Stop - 0.01655 (Risk 4.61%) Target - 0.01366 (Reward 13.65%) 2.96 Risk/Reward ratio This is not financial advice, just my trading plan.
Short
by UnknownUnicorn3062951
1
LTCBTC Short AFTER correction.I'm still bearish on LTC. For those of you who hold LTC and may be underwater... This is actually a fantastic way to hedge against your hold. (If the below plan works, you may BTC to offset the loss of your LTC value.. if it fails.. you recover LTC value due to price rise) Fundamentally: Litepay failed No real news *planned* coinmarketcal.com Other projects with newsflow attracting investor $ / BTC Shorting seems to be the flavour of the month currently... Technically: So first up, I believe we need a correction upwards. I expect this to take several days, best guess would be anything from 4-8, maybe longer. I have highlighted TWO possible entry points ready for the continuation of the downtrend I am expecting. Personally I will enter at the first with a fairly tight stop(will try to update nearer the time), if the stop loss breaks, I will re-assess quickly & update but expect the pink B to be a solid backup plan for continuation of the downtrend currently. Keep in mind this is a plan to enter LTC AFTER it corrects upwards .. so we have a many days of data from now to help re-assess the position as we go. But for now here's my view: T D Sequential almost hit the complete 9 (8) + current daily candle signalling exhaustion of downtrend wave A, ready for correction wave B RSI destroyed, due a reset, look at the last time it was at this level (yellow circles) - we had a nice complex correction over 2 weeks before continuation MACD not really all that helpful currently..but again we have a fair few days ahead of us yet Large gap formed between the price & 20day EMA, further info for a correction. (The 50/100 too but I am not really interested in these currently due to the size of todays red candle) Correction upwards would line up well with the 38.20% fib Volume profile also looking relevant with a high vol in between both possible entry points Risks to consider First off, these risks aren't really risks as we aren't opening a position yet..but still worth consideration for balance. Litecoin news (Historically I don't recall LTC keeping impending news a secret..except for when Charlie Lee sold his entire stack :D) BTC mega bull reversal.. God only knows what that would do to the rest of the market, hell it might even help the LTC bears.. LTC just keeps dumping - though if this is the case we haven't lost anything & we wait for the next correction This is not financial advice.
by UnknownUnicorn3062951
First TView Post . LTC/USD Analysis!Hello all, welcome to my first tradingview post. I hope this can be of good use to you. Let's get right to it. Looking at the 4 hour chart, we can see that LTC is in a steady downtrend. I am beginning from 2/19/18 with the top green trendline. This line provides resistance on 2/19 , 3/5, 3/21 and 3/23. This trend line extends to form the top of the downtrend channel.( green ). As for the bottom of the downtrend channel(bottom green line) I'd like you to first take a look a the blue arrow.A buyers rally which occurred on 2/13/18 and ended on 2/14/18. This support of 210.26 is where I begin the bottom of the downtrend channel. If you follow the line toward more recent price action, the bottom of the channel was tested on 2/22 and provided support on 3/8,and 3/9, 3/18 , and 3/29. As we continue in the downtrend channel, we will approach the next important support/resistance zone between. 109.50 to 106.52. The orange support line was recently respected on 3/29, and once again on 4/1. The red support line was well respected on 2/5. A bounce off the red line occurred on 2/5 that began a short term uptrend. The short term uptrend is shown with the purple trend line. On 2/14/18 this short term uptrend ended. I would also like to point out that we have a Bullish MACD cross on 3/30 but volume has been very low, therefore this is not a bullish sign or reversal signal. From this standpoint, it appears that LTC will remain in the downtrend channel and very likely to reach 106.52 in the short term. If LTC breaks through this price level the next support will be the blue line at 84.40. The overall picture looks bearish, I have placed a paper short trade at the time I was writing this post. If the strong support at 106.52 is broken I will continue short , if a bounce occurs I would go long. This is not financial advice or reccomendation to buy/sell LTC. Please let me know what you think and where I can make improvement. Thank you.
BITFINEX:LTCUSDShort
by brazuka08
LTC Nearing Decision Time for 15-25% SwingFollowing yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming. Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders. As price action nears the APEX of the diamond, watch for a breakout of the Diamond and confirmation of either a bottom or a half-staff continuation. Price targets on chart for breakout in either direction. Breaking up out of the descending triangle before it forms would be a preliminary bullish indicator. A move to the upper trend line would further support the bullish scenario. Moving down to the bottom trend line of the potential descending triangle would confirm the pattern and support a bearish scenario. thepatternsite.com
COINBASE:LTCUSD
by alexhiggins732
LTC to $139LTC has broken the uptrend line. But it follows BTC I believe this is not a major issue. As BTC should drop to around 7k, LTC will see a drop to 139. There is a lot of hype going on about LTC. Some predictions as far as 1.4k by as soon as April. We will have to see if that happens but I believe this is possible by end of the year based on the growth that LTC seen and due to launch of litepay and litepal. Litepay did not shoot up the price due to credit card companies not supporting it. But if more and more merchants start using it, will end up being a success. What I am trying to say is, great time to get some LTC. Just my opinion/idea. Don't act on it.
BITFINEX:LTCUSDShort
by GBBBKSA
2
What I'm looking at for LTC right nowSomeone else on here pointed out a double bottom formation on the 4h chart (blue aarows) and that this wont be a dictionary double bottom unless we break 175 first, which is the high after the first bottom. That puts 2 significant resistance levels where my two red aarows are at 160 and 175. The 160 resistance comes from the resistance channel, where one of the last candles bounced down from at its high. I always like to check the order books and depth charts on GDAX to help me see how big or small the resistance at those points will be, to help me stay alert if selling is advisable or hodling, or some of both. If we break 175 again that will give us a 4h higher high and a good enough sign for me that a trend reversal has occurred. This is looking more and more likely to come to fruition because of the rising bull volume. That is the biggest key indicator as myself and many others have pointed out in order for any of this to happen, otherwise we will continue bearish for a while longer. But, the 20 period vol. MA is steadily rising, so I'm optimistic that this will be sooner that later. No matter what, 100$ is strong support for LTC, and if worse comes to worse, we form a triple bottom :D I have a theory about why there is only volume dumping in now rather than before, and that is that many newcomers (people who buy at tops or when there's too much sign of bull movement just to be sure) who speculated since perhaps Christmas or thanksgiving were waiting to buy in, and began doubting until now. Now that they have earned 1 or 2 paychecks in January, they're waiting for moments like now to start buying in when the coast is clear. Also, whales are probably waiting to buy in etc. Since LTC is "cheaper" than bitcoin, that might be enticing for those kinds of newcomers as well. Long term perspective, we are still in the green up-trending channel, which will be hard to break below even in the worst case scenario of the next few days/weeks being very bearish. Please comment with thoughts and constructive criticisms of my analysis, I appreciate any and all input. Peace out.
COINBASE:LTCUSD
by jbutler7
1
TAS - LTC Trade OpportunityThe TradeAlertSystem (TAS) aims to pinpoit entry (Enter Trade Alert) and exit points (Exit Trade Alert) for long and short positions for short day/intraday trades based on a powerfull algorithm running on background and picking the best entry and exit zones for the trader. All the trader has to do is follow the email alerts the system sends, no more endless hours of looking at charts trying to guess entry or exit points. The system consists also on a smart money managment that consists on entering in a trade with 1/5 of the total intended trade money in the 1st Enter Alert and exit at 1st Exit Alert, and it's also designed to cut your losses providing 4 extra price corrections possibility (pyramiding / layering entry x 4), these corrections are only allowed after a 4 candle period on the 2h chart meaning: the 1st correction should be done only after 8hs or more related to the entry position (1st Enter Trade Alert) and should be only done on a new alert (>= 8h new blue bar), and so on. After 4 corrections a stop loss with 5% price value on the last correction price should be submitted. Back testing gives a extremely high level of accuracy on short term trades (day/intraday trades). The charts publishing can have some delay because I can't afford to be online 24/7. Though the email alerts work 24/7 in real time. The chart colors are all changed to reduce headaches, so green is blue and red is white. Entry price: 57.240 with 1/5 of trade money. (e.g.: 2000 of 10000 USD) Disclaimer: 1. This is not a trade advising system for the general public for now, I use it for my own trades and publish it to keep an historical record and testing purposes. Follow this system at this stage at your own risk. Soon I intend to make available a real time email alerts for the TAS subscribers. PM me if you interested. Good trading!
BITFINEX:LTCUSDShort
by Rick_55