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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
BITFINEX:LTCUSD
by Coin_Analyst
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
BITFINEX:LTCUSD
by Coin_Analyst
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 .
BITFINEX:LTCUSD
by UToday
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
BITFINEX:LTCUSDLong
by Coin_Analyst
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
BITFINEX:LTCUSD
by Coin_Analyst
2
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 ~$120.29
BITFINEX:LTCUSD
by Coin_Analyst
LITECOIN before IMPULSE PHASE.Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that long correction in wave "B" or "2", soon should be over. Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively take a long position for 400$; "Short term target": 240 - 260$; "Middle term targets": 300 -320$; "Long term targets": 370 - 400$. (Teh main invalidation for all targets is 103.90) Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSDLong
by POWERFUL_TRADERS
2
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.
COINBASE:LTCUSD
by TradingRoomApp
Litecoin has made a bearish exit, potential drop!LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
4
Litecoin forming a consolidation pattern,prepare for more bounceLitecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
Litecoin shot up perfectly as forecasted,potential for more rise Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major support lines which will maintain our bullish bias until broken Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
2