Ltcusdlong
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year.
The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork.
If we don't hold we will probably test for a double bottom around 23 dollar.
LTCUSD before rising 31%...LTCUSD before rising 31%. The colored rectangles in the analysis show the fractal sequences of the exchange rate movement. The red rectangles represent the correction sequences and the green rectangles the ascending sequences. The thin light green rectangle shows the maximum ATR distances that can be measured during ascent. The following conclusion can be drawn from the analysis. The exchange rate moves in a rising sequence. The ATR distance needed for the ascent has increased (second thin green rectangle) This means that when the ascent sequence repeats, such an amplitude can be expected. So the target price can be 56.72 usd.
LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
LTC/BTC TA Update (15% Drop More?)LTC/BTC
LTC broke weekly key support at 682500 sats area and already facing another deep dive into no support zone.
LTC could easily drop another 15% further since there is not enough historical data of trading history back in March 2017.
Weekly RSI is still inching closer to an oversold condition where potential relief bounce could happen. If this candle closes bearish,
it will only add downside momentum in the coming days or weeks. Bears have controlled this market.
LTC/BTC TA Update (Another Nosedive?)LTC/BTC
LTC broke bearish after the support failed at 5980 sats level and the price plummeted to 5500 sats area.
Litecoin is currently holding the last bull defense of downward trend-line support,
if this key line support also fails, I can see another nosedive to 5000 sats price target.
Though RSI is at an extreme level of oversold, we may see a temporary relief bounce right here.
LTCUSD buy on H5Plan : wait for prices to bounce off trendline / horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
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)
LTCUSD, Buy on H2Plan : wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
Note : on my LTCUSD forecast last week (link below), what i meant was a long-term forecast,.. typo
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
LTCUSD mid term forecastIdea : i think of a scenario that can occur if prices reverse are supported by falling wedge reversal and potential inverted H&S patterns formation
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
LTCUSD possibly in for another BULL runCryptocurrency Practice #3
Confluences:
1. Weekly ATR at lows.
2. RSI is printing a weekly bullish divergence.
3. Bounce from year long trendline and monthly CAM S4.
4. Bounce from 85.4% Fib retracement level of Wave 1.
5. Currently showing bullish momentum along with other coins.
Leave a like if this helped you at all, would help a lot!
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.