Ltcusdidea
Huge Potential on this LTC/BTC Push - The Moby Dick of 2018?This is something I picked up on with Litecoin on Binance a while ago.
There seems to be a predictable pattern to the way that LTC/BTC Wedges for anywhere between 50-100 days before massive gains.
The Chart speaks for itself but allow me to go into detail on some of the key points of this analysis.
1. THIS IS NOT FINANCIAL ADVISE BUT MY OWN ANALYSIS THAT I AM ACTING ON. IM NOT A FINANCIAL ADVISOR... yaddy yada ya....
2. Lets look first at September 2017 - December 2017 (During the BTC rush before the correction). We see a huge gain of 131.20% over the course of about 4 days on Litecoin that was caused by a 96 day wedge that finally broke above. Following that we can see that at this point litecoin accumulated laterally for 49 days, however this time around when ltc/btc broke above the wedge, we don't see the crazy volatility that we saw in December, which could likely be due to an overbought market, the ongoing bitcoin correction to 6k, or the huge bearish divergence that began forming in January 2018 (my bets are on all of the above).
As a result, this puts us at our current state from early February till now where we have seen a bearish decline to 0.016641 over the past 76D.
3. The RSI is currently at the exact same level when that first push of 131.20% gains happened. This could be a coincidence, however with a similar style of increase in volume, and extension (well not exact volume, but the fact that they both increased slightly in volume on that final wave is the same), its probably safe to assume that at the very least we should see another push.
To close this all off, this is my own hopeful brain that just so happens to have its hopes reinforced by TA, and the current shift we are currently seeing in the market - where the Alt market is coming back to life and BTC has finally stopped being an absolute piece of shit, and is now just a tiny piece of shit that seems to be recovering.
NOTE: If anyone knows what the deal on that HUGE dip on Binance in December of 2017 is, let me know. It looks like something went wrong or other, but I dont really know.The Close on that 2D candle was 0.000133 which seems a bit unbelievable to have a rally of 9290.55%. Let me know.
Thanks for reading.
If you think this has some merit to it then like it for more exposure - otherwise just fuck off and go stare at ICX and Cardano.
<3
Litecoin's Correction Overview. Triangle>?
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Also I have my own alarm group, so if you like and subscribe, so you will give me the motivation to fight with my laziness. All the best
Litecoin. Updated Levels and Scenario
In the previous idea, we traded a triangle and got a 10% profit. Updated levels and channel in this idea. Those who are not in positions noted level rollback where to buy it
Litecoin Elliott wave analysis: 4 hr tfPrice action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend.
Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.
Signal #6. LTCUSD. SHORT SIGNAL
I'll make 7-8 signals. You will appreciate the quality of working them out. And if it suits you, as well as me. I already create a ready signal service with a paid subscription of$ 20 a month. Agree tempting?And also as I and spoke training some their strategies and intricacies of....... provided
LTCUSD(Litecoin) 4hr tf updateMy previous post on Litecoin can be found here:
In the post above, I mentioned that Litecoin would target between ~$142.76 and ~$146.29 (Target area) which is again shown in this post.
Litecoin (LTCUSD) currently has reached this target area. The entire structure from ~$109.89 on April 1,2018 based on this analysis thus represents a regular flat Elliott wave structure.
Minute wave ((c)) = ~138.2% of Minute wave ((a)) at ~$146.61 (region of target area).
The implication of the above is therefore to anticipate a correction from the target area to further support the possibility of higher prices for Litecoin.
Support area 1 for Litecoin as shown in this analysis is ~$133.92 and ~$131.48
Support area 1 for Litecoin is between ~$128.67 and ~$125.57
Point of invalidation (POI) for this analysis is a price close above ~$152.33 at which point Minute wave ((c)) = ~161.8% of Minute wave ((a)) which is highly unlikely for wave c of a regular flat Elliott wave structure
Swing Trading with Litecoin. Strength
I was talking about litecoin yesterday. He began to have his own schedule. This is due to the news of the Lee Wall about listing this coin on the stock exchange. I think the main impulse is not over yet. Watch the channel. Given this fundamental analysis yesterday I managed to make a 6% profit
Long-TC BREAKOUT FINALLY?1. Good Volume on the breakout
2. Increasing RSI.
3. Good retracement (helps in re-entry positions)
4. MACD has a good upward trend.
RISKREWARD
1. Profit taking : 138
2. Stoploss: 114
RR APPROX 3.0
LTCUSD (Litecoin) 4hr tf analysisPrice action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)).
The target area is therefore between ~$142.76 and ~$146.29.
Point of invalidation (POI) for the analysis is a price close below ~$111.46
Litecoin Outperforms Bitcoin.Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy.
Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained.
At the time of writing, the correction continues and the sellers are clearly going for $125. We described the further goals for the bears yesterday- they are $110 and $100 in case Bitcoin moves toward $6,000. A temporary stop will be made at $120. No matter how hard the Litecoin community is trying, the asset does not look like an attractive investment yet.
Check my detailed analysis HERE .
Litecoin (LTCUSD) has hit a bottom? 4hr analysisMy previous post on Litecoin which called for prices to return to between $136 and $140 can be found here:
Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1, 2018 also provide evidence with Litecoin now having just ended a minute wave ((iii)) position.
Minute wave ((iv)) is therefore anticipated next. A 38.2% and 50% retracement of minute wave ((iii)) by minute wave ((iv)) is used as the support area in this analysis (between ~$127.36 and ~$125.61) after which prices should resume its bullish movement.
The point of invalidation of this analysis(POI) is a price close below minute wave ((ii)) i.e. ~$116.55
Litecoin (LTCUSD) bears in charge (4hr tf analysis)Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09.
A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to terminate within the target area indicated on the chart i.e. between the
38.2% (~$137.13 )and 50% (~$143.71) retracement of minute wave ((iii)).
Another round of sell off should follow the termination of minute wave ((iv)). Projection for the end of the sell off is ~$52.26.
Point of invalidation (POI) for this analysis is placed just above 61.8% of minute wave ((iii)) by minute wave ((iv)), and is ~$152.77
Litecoin Price channel: 4hr tf analysisLitecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date.
The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid trendline requires two points of contact).
A breakout above the upper line of the channel could the see price of Litecoin reach a target of ~ $220.67. This is calculated by vertically projecting the width of the channel onto the break out point. I used $120.29 as the bottom of the channel and $170.48 as the top of the channel here. Therefore $170.48 - $120.29 = $50.19. Adding this to the too ($170.48) gives $220.67.
Failure to close above the channel could see Litecoin return to the bottom of the channel at ~$120.29
just look at the chart LTCif you know how to chart, you know what im doing here, im bad at explaining, but enjoy if you know. blue is supports light teal is load up, red is resistance, and we have trends walls on walls.
LTCUSD Calls - 100% Hit Rate MarchWe have issued 4 calls so far for LTCUSD in March
1 Sell Call
1 BUY on Breakout Call
2 BUY Calls
So far we have 100% Hit Rate on LTCUSD
Have a look
LTCUSD - Intraday Levels 10th March 2018LTCUSD will retest 50 MA on 30 M timeFrame and may retest Blue Trendline. Should hold in the area. However if breached than has a potential to retest yesterday's Low within +/- 7$
LTC to outperform BTC in next 180 days : Start Accumulation NowStart Accumulating LTC and add more on dips for minimum holding of 180 days. This is a Medium Term Call.
LTC to outperform BTC in next 180 days
Profit Target 369, 421,623,901,1423
LITECOIN before IMPULSE PHASE.Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that long correction in wave "B" or "2", soon should be over.
Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position for 400$;
"Short term target": 240 - 260$;
"Middle term targets": 300 -320$;
"Long term targets": 370 - 400$.
(Teh main invalidation for all targets is 103.90)
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LTCUSD moving towards Yellow Support ZoneLTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and Blue trendline.
We will be loading our BUYs around that area if LTC finds a support in that region.
