LTCUSD-LONG
LTC/USD - LONG with TIGHT s/lBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Green line indicates t/p.
This is a log chart.
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LTC/USD Analysis, 04/23/19LTC is on a nice support area, between two horizontal supports and the cluster 0.618 0.65
Stochastics are still very low and the RSI seems to indicate a hidden bull divergence .
Given the market context (a bullish BTC) and speculating that high-caps will follow; we could assume that the LTC would probably come looking for its high around $99 in the coming days.
LTC rebound or consolidation to come?As BTC and LTC see their second day of pullback after a near-record week of gains/volume, there is a slight gut instinct of mine that "ALT season" has llikely come to end. As such, the more established coins could see contiouing inflows in the days/weeks to come. If the bull run/pump loses fuel, I believe prices will consolodate around where they are right now. Either way, BTC, LTC, XRP are appear to have broke the bearish cycle in my belief. For LTC, price needs to bounce hard tomorrow off the .236 fib line ($86.00) for more bullish traction.
Litecoin is about to make a big moveThat downtrend is active since last year, but there is a crossover on the daily ema's and the price is also above the weekly 8 ema acting as support. LTC has also broke a key resistance line (next key resistance is at $38-$40 zone. LTC is also in a uptrend formed since mid december. We cannot forget the fact that there is a block reward halving on 7 august 2019!! I personally think that we will see a good surge till the halving. But there is 1 problem with the LTC price right now. Low volume. But I am more on the bullish since then on the bearish.
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LTC: Long Term Bull Theory Ticker: COINBASE:LTCUSD
Timeframe: 1D/2-3 years
Quick LTC long term theory more for me to reference back to. Will also dabble with a long term bear theory even though it scares the living piss out of me.
Short Term: Slightly Bearish
Mid Term: Neutral
Long Term: Bullish Af
Current Market Sentiment: Tired of the FUD, Skiddish Bear
$LTC/USD Potential 30% Gain in PriceAssuming that the uptrend will continue, and that BTC will not fall lower. A potential 30% gain in price could be reached.
If the current impulse move up is not a failed wave and is supported with a gradual increase in buyer volume, we could start to work on a larger wave 3 from the wave 2 correction.
Otherwise, if it fails, we can retest some new lows. Although, I believe it is highly unlikely seeing as the larger wave 1 retraced a fairly substantial amount, around .5 Fib, potentially identifying some strength to confirm an uptrend.
Zoom out on your charts LTCUSDI'm sure if any of you are similar to me, Crypto has become some sort of an obsession. It's good to zoom out and look at the bigger picture every now and again. This is still an emerging market, the notoriety of LTC hasn't become a household name quite yet. Obviously Charlie Lee is doing his best to make it so, but as of right now, I think we're in the upswing. Since the ATH of December, we've had quite a long correction... However, it is the longest in LTC's history. With the RSI at it's lowest point since LTC was $5, I believe that LTC has quite a lot of thin air above it. The bullish sentiment runs a little further than that with the MACD about to cross this next week or so. I'll come back and look at this ridiculously crowded chart in about two months and we'll see what's what.
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Also, Magic is a wizard.
Not a financial advisor, mainly a guppy. OKAY?!
LTC about to take offLTC has been forming a bull flag, on the 12H chart, for the past few days. It broke out of this earlier today and looks set to retest the upper resistance of the flag. This should hold and start moving upwards again.
Since the December ATH LTC has played the Fibonacci Retracement lines perfectly (as circled).
Target: The flag pole of the bull flag gives a target of around ~ $313, however, with the 78% fib line at around $334 I would expect this to act like a magnet when the prices get close.
I am setting some sells in the $312 to $350 range.
Advance Gartley Long, 4H 2 x Trading optionsI have put both Gartley completions on this chart for you to decide.
D completing at a 127.2 Ext of AB and the other at 78.6 Retracement of XA,
Creating a buying zone and 2 target zones which a still conventional advanced pattern Targets.
If price hit and pattern is completed, good luck on this trade.
Happy New year