Ladder In Positions!! LTC/BTC
As posted previously, we dropped down to the box region. But once again, looking at the bigger picture, I don't see anything worth taking a position yet. If the current level (price) holds then expect the T3 and T4. If you followed and entered already into a position, that is fine, but make sure we stay above the blue trend line at 14019 sats.
A break down below the blue trend line, we could see LTC retest the 12H OB support and T1 T2 and T3 would be my sell targets.
Probable Entries: 15368 - 14766 sats reg.
Potential Targets: 19279 - 20619 sats.
Potential Profit: 25.53% - 39.63%
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Ltcusdlong
XAGUSD is approaching our first support at 14.83 (horizontal LTCUSD is approaching our first resistance at 113.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC/USD Target Prices Before Entering Longs or ShortsThe analysis takes into account historical support and resistance levels, Fib retracement at various levels, RSI levels and also volume. The accumulation zone is highlighted and also the target zones should the accumulation zones (amber and yellow) be broken. As soon as these are taken it appears to offer a good indication of when to open a Short or Long. Basic TA using 1D and 4H time frames.
Once 77.50 level is taken, advise setting S/L at $79.50 and going Short. R only of 1.06 to first target. In theory medium to high risk, but strong indicators reduce risk. Open Long target price of $81.19, S/L at $78.95. Target price 1 of 82.57. R of 0.62 initially, but this is a very weak and old resistance level. Target should be $88.81; R moved to 3.40 and only 22% win rate required.
LTC TA (3H chart) [09 April 2019]Reason to Long LTC
- There is still one more wave, Minor 5th Wave going up
- Golden crossover already happened in daily chart
Entry Point : $75 - $83
- 0.382-0.618 fib level
Exit Point 1 : $98
- Double top
Exit Point 2 : $108
- Resistance level
Stop Loss : $71
- Below laddering range
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 113.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 13.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance.
LTC Bull TriangleCome one, come all. Learn the art of the ladders. Folks, if you have been following me and you laddered your positions in as I outlined in many many previous posts and subsequently bought from 80 down to $50 and possibly even $40. Your weighted average should be around $65 area depending on what you did. Meaning, if you gave what I said ANY credence. You are profitable in one of the worst bear markets ever and one of the steepest declines in crypto. You are welcome.
We ladder in bear markets to prevent loss and it worked out well. We are going to ride our laddered positions up to this $150 area. We want to see BTC go up to $6k area to see where LTC ends up.
LTC has had the most strength by far among all the crypto's and it continues to demonstrate that even, as I type this. I think we have a ton of upside potential with this one. Here are a couple of things going on right now.
1. Bull Flag . Take a look there it is.
2. Confirmed Ascending triangle . Identified by higher lows and a break of this upper support area at $65
3. RSI and MACD are positive.
4. I am making up a new term. I call it a bull triangle. Where an bull flag and ascending triangle look to be forming. Boom, there you go. Bull Triangle
Even as I write this, we show strength.
Happy Trading and hodling,
-Sherem
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 13.24 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major support at 94.33 (23.6% Fibonacci retracement).
Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD Still Best Performing CrytpoIf you have the guts for exposure to such high beta (if you're familiar with the concept of variance) then getting into a basket of crytpos is for you. And if getting into a basket of cryptos is for you, then most of your exposure should be to Litecoin, not Bitcoin, Ethereum or EOS. As stated several times and reinforced today, Litecoin remains the best performing crypto if entry in late 2018 to early 2019.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 50% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 63.31 (61.8% Fibonacci extension).
Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin Short Becuase Doji Signals A ReversalWe all know doji patterns after an uptrend suggests a reversal. LTCUSD saw yesterday form one of these patterns. However, the difference between LTCUSD's doji yesterday is that it did not really come at the end of an uptrend. Rather, price action has moved mostly sideways over the past week of trading. Because of this, I would not start lighting your hair on fire and selling all the Litecoin you have. On the other hand, stochastic and RSI remind us that we have a bit of a ways to go before overbought signals are flashing. However, once they do, get ready for the exits as price action in LTCUSD can move incredibly fast. For more analysis, check out www.anthonylaurence.wordpress.com
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 57.14 (horizontal overlap support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 63.29 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 100%, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 60.93 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD Long set upRetest of the level
Rebound of the EMA on the daily
Inner trendline 3rd touch
I think that LTC can keep coming up a bit based on past history.
We broke the 60 dollar region, we have a precise rebound of the 8ema on the daily, and we are currently testing the inner trendline, that adds confluence. If we had done lower highs, I might be looking for shorts since its a M set up that I like, thats why tight stop losses are in order.