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.
Ltcusdanalysis
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): $1,725,783,909.16
Litecoins generated per day: 14,400
Reward-Drop ETA date: 09 Aug 2019 01:52:31
If you want to keep track of when exactly the Litecoin block reward halving will occur and its economic effects you can follow this idea that it will be updated regularly.
Litecoin corrected 86.33% from its All Time High 366$.Litecoin corrected 86.33% from its all time high 366$ currently trading inside a falling wedge following two trendline support and resistance line. Now Litecoin has a immediate support at 49.144$ if break then expect Litecoin to see at between 32.815-35.959$ where Litecoin has two support and trendline support. During a cryptocurrency market crash Litecoin is the strongest cryptocurrency, it corrects very slowly than other altcoins. After Litecoin Bitcoin is strong, then Bitcoin cash and the weakest Major cryptocurrency is Ethereum.
Litecoin resistance : 59.565$, 69.321$
Litecoin support : 53.050$, 49.144$
Litecoin (LTCUSD) not in the clear yetThe Daily timeframe of Litecoin (LTCUSD) as shown in this analysis captures price from January 6, 2018 to present date as operating inside of a falling diagonal (wedge) chart pattern i.e. #1 as indicated on the chart.
The latest test and confirmation of the falling wedge occurred on August 14, 2018 at ~$49.14.
Any bullish trade inside of the wedge is considered an early entry and more aggressive, compared to long (buy) entry orders placed on a break outside of the wedge. The horizontal line at $97.20 is shown here as a conservative point of entry as it ensure a price close outside the wedge that also indicates a potential bullish move for LTCUSD.
~$55.29 and $31.35 (#2 marked on the chart) is expected to provide support for Litecoin and a break below the bottom of support could see Litecoin reach between $20 and $10.
The Average directional index (ADX) as shown here (i.e. #3) indicates that the strength of the bearish trend is not letting up.
LTC/USDT PredictionWe Think we will see upward move to LTC so be ready next levels will be 59 at least and can complete till 61.5 see chart & please always keep in your mind that market still so risky so never forget to set you stop loss plus keep eyes on BTC
Please like and leave comment,we'll appropriate that a lot.
Best of Luck.
CryptoStarsChannel.
LTCUSD to Bounce back up after the drop (>200 pips) - HIGH RISKLTCUSD is closing to the lower trend-line on a downwards trend. In this regard, LTC should bounce back up to test the resistance of the trend. However, due to the current movements of BTC and other Altcoins, the risk involved in going long on this pair now is rather high, thanks to the uncertainty created by the news.
For the moment this is what the technical analysis indicates, but Litecoin may create another low no matter the trend.
Do you believe LTC can bounce back despite the recent drop of BTC?
Litecoin (LTCUSD) forming a price bottom?The 4hr timeframe chart is used in this analysis to inspect price action in LTUCUSD.
Three things to keep in mind in this case are highlighted on the chart and discussed below:
(1) The major trendline in Litecoin (LTCUSD) since ~January 06, 2018. This bearish trendline is still active and its implication is that it is safest to initiate a position only when price breaks above the trendline. ~$108.77 (very conservative) as indicated on the chart would therefore be the price level to start considering going long (buy). Even more conservative is to wait for a breakout above the trendline and also consolidation before going long.
(2) Price action consolidating around $73 since ~June 24, 2014 and refusing to break to lower lows indicates a possible move to the upside. Also present in the bottoming area of price action is a double bottom (between June 24 and June 29) that confirmed on June 1. This argues for bullish bias for Litecoin (LTCUSD).
A less conservative strategy would be to initiate a trade as soon a breakout occurs above ~$93.76 in anticipation of a break above the bearish trendline.
(3) The relative strength index (RSI) as shown here does suggest that bearish momentum is running out, and therefore plausible that bullish action might resume for Litecoin.
Above all, patience is required to see what comes up next for Litecoin (LTCUSD) with necessary action to follow. Moreover, it is also important to pay attention to momentum on the Weekly tf as a longer term perspective is always crucial.
Price closing below ~$73.70 in this case would imply the resumption of a selloff in Litecoin (LTCUSD).
Rebounding off the supportAs explained on the previous analysis, the price found an excellent cushion level just above the 106.323 1W support and according to the Fibonacci levels of the previous 1D candles, the price should now rise to a Lower High just above the 0.5000 extension (yellow ray at 148.427. It has already started to do so but remains more neutral than expected on 4H (RSI, STOCH, ADX, Williams%R, Highs/Lows, Ultimate Oscillator all neutral) and shoulde consolidate for another 2 sessions before it takes off. TP steady = 148.427.