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Ltcusdshort

LTC/USD 1D Big Picture Price PredictionIt has been a while since I have posted on here as I have taken a break from crypto for a year or so. I've recently been watching prices and been playing around with 100:1 margin trading on a new exchange (link below). Anyway, I am not a professional, but this is what I'm trading and planning on. Trade at your own risk. The blue upper line and the green lower line are in my opinion the main upper resistance and lower support. I will post another zoomed in version to support why I believe we will see the main bounce at the lower green support. Yes, the current upward trend didn't hit the upper resistance on this run, but it is still within the formation/pattern. I expect a bounce from the green line support and then we will have a bull run and break out of the formation. The formation started with an upward move bull run, so I believe at the end of the pattern it will continue that bull run. I personally am shorting with a plan to go long around the green support. Planning to try to buy around $40-42 range and let it ride. If it breaks below the green support I will start shorting again b/c I imagine we will be seeing much lower unfortunately. If it bounces how I predict, I will have a take profit at the blue resistance line, and then watch to confirm it breaks out of it before reentering, or at a minimum I'll continually raise my stop loss to have a safety net of locking in profits. If you like this idea or agree, I'd appreciate any likes or comments. If you disagree, feel free to post as well. Thanks for checking it out.
COINBASE:LTCUSD
by bwymore
2
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below! let me know if you guys agree with my analysis or not! Cheers Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content. Peace Out! Not a Financial Advice.
Short
by TheMentalTrader
2
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have. Buyers are threatening to trigger capitulation on the Weekly: This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening. I was glad to be rid of the resistance and loaded more. This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it). Momentum triggers, shorts cover and smart money continues to buy strength. Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward... Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence. My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing. Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
COINBASE:LTCUSDLong
by ridethepig
1
LTC/BTC TA Update (Bigger Triangle Pattern?)LTC/BTC LTC reached my target zone and the price is trading inside this resistance box. LTC also manages to get above the 50 Day MA that's a good sign for a potential trend reversal. Now, if LTC can't get above this resistance box in the coming days, it is still not the end for the Bulls as a pullback is required to continue Higher. The price could back-test the 50 MA to confirm as new support, the RSI is still far from being overbought. LTC still has a ton of work to prove.
Long
by PolarHusk
ridethepig | LTC Market Commentary 2019.12.30A highly interesting and hopeful end to the year for most Cryptos with BTC, EOS, ETH and LTC in particular all holding support as the main highlights. It's a quieter start to the week though, with no notable data or Crypto driver today, but we do have the ripple effect from the USD devaluation theme and the increasing reflationary risks already showing signs of spilling over into Crypto that is very much on the table. The nucleus of momentum is from BTC demand combined with a double possibility of technical manoeuvres to absorb any remaining late sellers. This linkage is in 80 cases out of 100 worth trading, even after the defensive nature we can continue moving troops towards the border: The construct of the long-term flows must not be forgotten, or else the threat of the creation of doubt would become to irritable. Take for example: Bulls are threatening to interrupt the lines of communication between Support and Resistance, all things being equal, the attack is quite strong. Therefore I can see the necessity of fixing our opponents mistake of going overboard into support (i.e as highlighted in the LTC chart above. Participation feels low at present, with focus elsewhere it is the perfect opportunity for large hands to load. As usual thanks so much for keeping your support coming with likes and jumping into the conversation in the comments!
COINBASE:LTCUSDLong
by ridethepig
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.
Short
by PolarHusk