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Ltcusdlong

LITECOIN "LTCUSD" Imitates BITCOIN and Ready For a AdvanceAs I stated in my previous post, Bitcoin drives the price action on most of alternate cryptocurrencies. A five-wave defined an impulse which means the direction of a trend as you can see in wave A/1. After an impulse, the subsequent move is called a correction, which is just a pause in a market cycle to allow people to join in the train again. The corrective wave of LTCUSD which unfolded as a double three zigzag seemed to have found a bottom at $42.36 support circa. The area was comprising a strong demand zone and 78.6 Fibonacci retracement of the advance from $22.13. If this wave count is correct, we should anticipate a rally from or near the current level and advance towards the resistance with 1 and 1.236 Fibonacci extensions, as indicated on the chart. The breach of wave (x) high will confirm that LITECOIN has really bottomed. What's your thought about Litecoin? Kindly keep the comment coming. Best of luck on the chart! Veejahbee.
COINBASE:LTCUSDLong
by Veejahbee
Is Litecoin REALLY About to Go on A Bull Run?Hello Traders, I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below). From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin just had a pre halving pump very similar to the July 2015 pre halving pump. Price in 2015 took about 55 days to retrace to the 0.786 fib level and then it went sideways and up. Today the price took 123 days to retrace to the 0.786 fib level which has been supported by the bulls with a wick and a bounce. On the weekly chart there has been bullish divergence on the RSI and price is currently hugging the weekly 200 MA. From an EW perspective things are actually looking pretty normal and it would seem a sensible conclusion that price will go up here.
BITFINEX:LTCUSDLong
by WickHunter
3
LTC (Prj.Y19.P2.E03).Nearing Trend reversalOf recent, LTC is refusing to go any lower and has recently gained ground on BTC (pairing). This has got my attention and after further TA, it looks like LTC is near the bottom (already hit in my opinion) and is moving towards the edges of the channel described by the pitchFork. Key points: > Price spiked at a PIVOTAL point which coincided with BTC Pivotal point. Confirming the RING is the pivot point. > Fib Fan also confirms the level of bounce, crossing over with the FIB Fan. > At the Macro level, confluence as well. > Elliott wave count completed. It seems MANY points indicate that this pivot move is a major milestone. Coincidence, unlikely. I'll share the chart, and you make the decision with all the points I just raised. Also please, don't take my price movement as a serious attempt, its just a guide. Please like,give it a thumbs up if you agree. Cheers, S.Sari \ CryptoProspa MACRO Level Chart Daily Close up Weekly chart > Tool suggests a bullish divergence Coinbase with more history
Long
by ssari
1