Litecoin- Best place to sellFrom all the big 4, Litcoin is the most bearish, and if we look back we can see that ATHs in Btc or Eth only made a spike in Ltc and not even close to its ATH.
Technically speaking we are under 180-190 support, which now should act as resistance and we also have a clear downtrend on this coin. This is the zone that I will look for selling opportunities and only LtcUsd back above 200 would make me change my mind. The first target can be the recent low, but if we'll have a big sell of on crypto market LtcUsd can drop even to 100 zone
Ltcusdshort
Litecoin H&S Formation GameplanHello Trader friends,
With massive increasing price, Litecoin became one of the interesting coins in this bull run.
This coin increased around 30% in between 24 hours and found itself a high around 274.6.
Then price started a correction and a left shoulder and a head formed.
I started to observe closely this price action and planned a strategy regarding this formation.
If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 .
My strategy
LTCUSD Short Position
Entry: 259
Target: 245-242
RSI divergence should be noted as well!
Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action!
Likes and comments are highly appreciated!
LTCUSD - Short Trade Idea 141.00 targetLTCUSD, 15m, Sell
Entry - 149.00
Stop Loss - 151.00 (20 pips)
Take Profit - 141.00 (80 pips)
lets see if the descending trend continue to targeting.. 141.00 target near to daily low and a strong support
ltcusd reject the resistance multiple time and formed a double top pattern
LTC Possible In Huge BearishWe are under the ema right now. Unless it break above the ema. Now the market is in bearish. We can see the price is droping tremendously. LTC easily reach 117. If it cannot support at this price. We can see it possible drop until 50 again. This is not a joke.
However is a good sign to short the market.
LTCUSD Short OpportunityHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for LTCUSD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
LTCUSD 1D Short-term/Day-trading SHORT/BEARISHLTCUSD 1D Short-term/Day-trading SHORT/BEARISH - Litecoin has seen an incredible resistance at the 0.5 of the Fibonacci Retracement, we currently see a little support on the 0.236 of the Fibonacci Retracement as well so this is what can happen, if the 0.236 of the Fibonacci holds a strong support than $164.39 was the LOW of the downtrend, if we break the 0.236 than our next target is the Daily @ $166.58 where we might see support, if we lose Daily $166.58 than we proceed in a strong downtrend and our next support is at the 0.618 of the Fibonacci Extension ($162.97) HAPPY TRADING!
LTC Dead Cross- BearishLTC has the following situations :
- cross EMA 21-200 Daily
- Dead cross EMA 50-100 Daily
- Bearish Triangle is broken, retested already, and downward
- RSI divergence
-OBV bearish
- long red shadow to 118, I believe this is the point we are seeking for.
I am in Short but not financial advice.