LTCUSD formed bullish BAT | Upto 42% MoveHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Litecoin. The Priceline of LTC has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.
Let’s have a look on the LTC move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 100 simple moving average in PRZ level that can be a strong support to push the price action up to 42%.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $57.85 to $54.63
Sell between: $65.99 to $78.08
Stop Loss:
The potential reversal zone area which is up to $54.63 can be used as stop loss in case of complete candle stick closes below this level.
Ltcusdidea
LONG Litecoin, trading IdeaHello Traders,
Recently, we recommended to buy litecoin above the importante support leve in blue. In spite of, it did not reach our target. It gave us excelent profit and now Litecoin did a pullback to the same key level. The analysis is the same, we are above an strong support and our risk is small. So, we are into an excelent zone to buy litecoin. Is important to watch the closing clandles on UTC time and see if closes above this key level
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Best regard Sandro and Gustavo.
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below!
let me know if you guys agree with my analysis or not! Cheers
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Not a Financial Advice.
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have.
Buyers are threatening to trigger capitulation on the Weekly:
This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening.
I was glad to be rid of the resistance and loaded more.
This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it).
Momentum triggers, shorts cover and smart money continues to buy strength.
Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward...
Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence.
My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing.
Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
Litecoin - $LTC - Middle-term - Accumulate and HOLD!Lots of alts are getting close to the end of their subcycles. And so does $LTC
We still a need move down with bullish divergences but we're really close...
$79 is a potential target when we turn back up.
PS: Losing 50.63 will invalidate the count.
#LITECOIN #CRYPTO
LTC/USD vague 5 Depuis le haut de la vague 3 du 17 janvier, le cours est redescendu en ABC.
Dans la vague C, je compte 5 vagues noté en blanc avec un divergence sur le RSI entre 4 et 5 ce qui nous indique une fin de cycle.
J’ai indiqué le scénario qui me paraît probable avec une vague 3 en cours de couleur bleu et dans cette vague 3 le détails des vagues qui la compose en vert.
Nous voyons aussi un triangle avec un tentative de sortie par le haut. Une flèche jaune indique l’objectif du triangle qui est en corrélation avec l’objectif minimum pour la vague 3 verte en cours.
La résistance oblique rouge épaisse est sur une échelle de temps mensuelle et pourrait soit nous limiter et remettre en question le scénario ou servir de catalyseur en cas de cassure à la hausse.
#LTCUSD#LITECOIN, Support with potentialThe LTC has a negative momentum like the other currencies over the past two days.
The LTCUSD is currently on the $ 56 support line as you can see in the graph above.
Stochastic in the area you want to buy.
RSI is already at 35 which is usually indicative of a trend change.
Target: $ 63
ridethepig | LTC Market Commentary 2019.12.30A highly interesting and hopeful end to the year for most Cryptos with BTC, EOS, ETH and LTC in particular all holding support as the main highlights. It's a quieter start to the week though, with no notable data or Crypto driver today, but we do have the ripple effect from the USD devaluation theme and the increasing reflationary risks already showing signs of spilling over into Crypto that is very much on the table.
The nucleus of momentum is from BTC demand combined with a double possibility of technical manoeuvres to absorb any remaining late sellers. This linkage is in 80 cases out of 100 worth trading, even after the defensive nature we can continue moving troops towards the border:
The construct of the long-term flows must not be forgotten, or else the threat of the creation of doubt would become to irritable. Take for example:
Bulls are threatening to interrupt the lines of communication between Support and Resistance, all things being equal, the attack is quite strong. Therefore I can see the necessity of fixing our opponents mistake of going overboard into support (i.e as highlighted in the LTC chart above. Participation feels low at present, with focus elsewhere it is the perfect opportunity for large hands to load.
As usual thanks so much for keeping your support coming with likes and jumping into the conversation in the comments!
LITECOIN BUY SETUP UPDATELITECOIN move up nicely since my last post about. I hpe you enjoy my analysis. Please support the idea by Like, and Follow :)
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
Litecoin is Trading in a Tight RangeThe LTC/USD pair continue fell down since the its halving in late August. The coin has lost nearly half of its value since that time. Moreover, Litecoin’s hash rate has decreased by almost 70% since the halving, which means that miners are not so happy and motivated to support the network.
At the time of writing, Litecoin was down by 0.85% for the last 24 hours. Price action on the daily chart is narrowing within a bearish pennant structure. At the same time RSI indicator (36) is near to its oversold zone. The pair also is limited by the middle line of the daily Bollinger Bands around $46.85. Once it is out of the way and the price break the upper line of the pennant, the upside momentum is likely to gain traction with the next focus on $50.64. There is the upper boundary of the recent consolidation range (also psychological area). It is followed by the upper line of the daily Bollinger Bands at $51.74.
Critical weekly support should be noted at the $45-44 region. And failure to hold could invite another wave of selling. In that event the bears should send the price towards $43.70. This barrier is created by the lower boundary of the above-said pennant. A clear break there will send the price for testing December low at $42.78. Once it is broken, the lower line of the consolidation channel of $41.04 will come into view.
LTCUSD hitting the support of triangle | A long opportunityThe priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Regards,
Atif Akbar (moon333)
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.