An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend)
The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5
Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way.
Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
Ltcusdanalysis
LTCUSD approaching resistance, look out for a potential reversalLTCUSD is approaching its resistance at 142.12 where it is could reverse down to its support at 87.33.
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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.
Massive tea cup and handle pattern forming on LTCAfter retracing back to .618 fib level after having relatively healthy run for most of 2019, it looks like it has a lot more in store for the year.
I'd say to long the shit out of this but with equally tight stops. Havent seen anyone talking about this yet.
This would be invalidated on a break below support.
LTC STILL HAS MORE ROOM TO PUSH UP!! (HOLD ON TO YOUR SHORTS)Hello friends , long time so see. LTC is finally getting some of the recognition it deserves, recently hitting .015 BTC on it’s way to it’s ATH at .02. I want to point out something many traders have been overlooking. As you can see on the hourly chart , we have some hidden bullish divergence. Notice the MACD going down while price, going up / staying steady… Same thing with the BTC chart. Market cap is growing while prices are being pushed down… Signs of accumulation. If the current trend continues , when the MACD pushes up the price will boost. I have some small sell orders around $59 and $63 USD hoping to maybe catch some wild price swings. If BTC can boost to 4200 we should see a pretty good upswing with LTC. I’m mostly a HODLer, finally back above water this month with the boost of ENJ coin. Hopefully some of my followers got in on that too. I really like LTC for a long-term pick. This is a very risky trade for the short term, but very solid in the long term. If BTC dumps , LTC will dump also, so please be aware of the downside. Please leave a like and subscribe , as I try to only post quality original content.
I am not a financial advisor and this is not financial advice.
Is LTC Still Bullish Mode?? 1. As we can see 21 EMA daily is still green, which indicates we are still bullish (Green colour)
2. Support is around $ 43. Be careful if the price is under $ 43, it will turn 21 EMA daily to red. (Blue rectangle)
3. The closest resistance is at the 200 EMA daily around $ 51 (Yellow Colour)
4. This bullish trend target is around $ 63-70 (White Colour)
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5. If you missed the train, you can place order around support price with tight stop loss.
Good luck to you :)
Bearish Signals on LTCUSDThe market is giving many mixed signals but here is my view on BITSTAMP:LTCUSD . BITSTAMP:LTCUSD always seems to foreshadow BITSTAMP:BTCUSD movements. I have a bearish view of this market right now, but I honestly cant give you my definite view. This has been a no trade zone.
Litecoin halving 2019What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners.
Litecoin Mining Reward
Litecoin which runs on the same base code as Bitcoin halves its block mining reward every 840000 blocks or roughly every four years.
The next halving of the Litecoin network is expected to take place on August 09, 2019 (ETA). We are going to see the second halving that will bring the coin reward down to 12.5 coins from the current reward of 25 coins.
Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.
Below are the statistics miners need to keep in mind before the next halving (18th December 2018)
Total Litecoins in circulation: 59,633,375
Total Litecoins to ever be produced: 84,000,000
Percentage of total Litecoins mined: 70.99%
Total Litecoins left to mine: 24,366,625
Total Litecoins left to mine until next blockhalf: 3,366,625
Litecoin price (USD): $28.94
Market capitalization (USD): $1,725,783,909.16
Litecoins generated per day: 14,400
Reward-Drop ETA date: 09 Aug 2019 01:52:31
If you want to keep track of when exactly the Litecoin block reward halving will occur and its economic effects you can follow this idea that it will be updated regularly.