Litecoin has reached our support as expected, prepare for bounce
Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ltcusdidea
maybe just maybe a change in direction????In this bearish market, it always hard to find places Im willing to put money in. honestly, I think we will need to see a total market shift before we see LTC start heading back up for good. Until that happens if we can find spots to jump in and make small gains, take them. I truly believe we will jump back up to $200, but in this market noting is for certain. Be careful out there, and also have a stop loss in place in case the trade doesn't go your way.
best of luck
peace and love
B-
Litecoin, A great trading opportunity in LTCUSD. Don't miss it!!Trading suggestion:
Price is in the support zone (231.76 to 198.04), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (231.76)
.Ending of entry zone (198.04)
Take Profit:
TP1= @ 286
TP2= @ 307
TP3= @ 330
TP4= @ 375
TP5= @ Free
Technical analysis:
.Relative strength index (RSI) is 52.
.Current short-term is range bound, but resumption of uptrend is expected.
LTC/USD MoveAs I type, LTC/USD is at a turning point. It appears that an ABC correction could be in. I previously was looking for a deeper correction in C, but price action has changed my highest probability view at this time.
3 options right now
1. Fakeout and we are looking for a deeper C back into levels I mentioned previously (2nd)
2. Deeper Correction below the 135 (I believe least likely)
3. Looking for this wave 1 to hit the .5 to .764 green fibs (most likely in my view)
Watching the $220 level (black line) based on a previous move that I want to be broken. Going to set alerts and wait for good entry on this if it plays out with scenario 3.
getsome
Litecoin on major support, prepare for a potential bounce!
Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC/USD LongWe need to pay attention to the 330 entry level. There was a new trend after the sell off between 12/12 -> 12/15. The trend has been stable but if there is a break in support in the 0.236 fib level ($330~) we may see a retractment to the 300 support line. Being a swing trade we have to realise that 300 is a very strong support line and will most likely just result in a new pattern upward toward the $400~500 levels.
Given the action in the cryptocurrency world lately this could happen in a few days so pay close attention.
Best case scenario for a break in the 330 support level would be entries between 300 and 317 (0.38fib) with stops at .78 or 1 fib levels.
As for now cryptos are looking extremely bullish and I doubt there will be panic sell offs or crashes to the depths of sadness (for all LTC holders).
Pay attention to the 51 RSI and how the MACD just crossed the Histogram in the 4h chart. There is a very real possiblity of a 300 entry.
BTC Donations: 18Tre9MiL48drf48WYotXKZFci11q9r5j7
CRYPTO : LTCUSD Long Based on H1 Timeframe AnalysisThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
Litecoin explosion is over! Short and buy back cheap! Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target 1: 245
Target 2: 230
Target 3: 210
Target 4: 192 (If coin drops further)
Note:
If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290.
After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that.
Let's play this game and maximize your profits!
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Questions? Just ask and your feedback is welcome.
Good luck!
CRYPTO : LTCUSD Long based on H1 TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.