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LTCEUR trade ideas

LTCEUR...Sell With Fear Or Hold Wisely!! Last day market started some down trends so this is the time to revise our strategy because we should always be ready. As you see in LTC the higher high is finally broken and this is a good sign for another up trend but after that some bulls have decided to collect their profit so the price made a pullback to 271.88 (close price resistance). Tow last candlestick's lower shadow are good signs that the price is reacting to the resistances for now. I believe if the price can hold itself above these resistances we should wait for a confirmation candle pattern and then enter the market but if we want to trail the price best place for stop loss would be 201 EUR because In my opinion if the price goes below 201.71 the down trend is confirmed. So good luck and decide wisely.
Long
by Apeioum
What do we know about Litecoin?On december 8th the market finally recalled that Litecoin existed and that it was seriously slacking behind other Tier 1 crypto currencies. Litecoin protocol is substantially the same as Bitcoin's, with two major differences which every investor should at least be aware of: 1) Modified blockchain parameters allow more litecoin currency units to be generated at a faster pace, which also means shorter transaction processing speed (2.5 minutes vs 10+ minutes for Bitcoin) 2) Different hashing technique, which result in different hardware requirements to be able to do the mining (so ASICs optimized for Bitcoin won't work well with Litecoin and viceversa). My personal preference , after digging into the technical details (as primary job I'm a Software Engineer), is for Litecoin, for reasons that go beyond the scope of this article to explain. Despite these differences anyway, Litecoin's value has been clearly dominated by Bitcoin's. But to which extent? I've observed two type of movements when comparing the trading value of Tier 1 cryptos, together with the relative value LTCBTC. I picked one example for each type and highlighted them in the chart as "Case 1" and "Case 2". In "Case 1", Litecoin's value is moving independently from Bitcoin's, and this can be observed in the upward increment of LTCBTC, while in "Case 2" the change is merely a reflection of what happens to Bitcoin and thus to the global crypto market in general, these result in sideway movement of LTCBTC. So we are insterested only in "Case 1" type of movements, because when investing in Litecoins we are hoping to gain more than what we would have gained if we invested in BTC. And why is that? Because the risk is the same, if Bitcoin were to crash, you can be sure Litecoin would crash as well. So it only makes sense to invest in Litecoins if we are convinced we will observe several "Case 1" type of movements . When and whether the market will accept Litecoin as a better crypto currencies is impossible to predict, so I will simple break down four possible outcomes when investing in Litecoin: 1) Bitcoin grows or shrinks while Litecoin reflects the movement, very likely but neutral outcome. 2) Bitcoin grows or sideways while Litecoin shrinks, negative outcome, but I believe this outcome very improbable. 3) Bitcoin shrinks or sideways, and Litecoin grows, good profits. So the expectation is to actually profit more from Litecoin than Bitcoin, while sharing the same risk . I'm totally convinced of Litecoin's technical superiority, but what will be the market's perception in the close future? I welcome your opinions on this.
Long
by JohnnyTH
1
Bullish Flag on Litecoin Buy signal around 250 Dollar ( 220Eur) Litecoin technical analysis for December 16 2017. The bullish flag has been forming since a few days now after a very strong uptrend on litecoin. Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to revisit the lower trendline to gain momentum and jump up from there breaking out higher. The revisiting of the lower trendline of the bullish flag also confirms the touch of the 38.2 Fib retracementlevel which has reacted strongly before with a bug bullish candle. A second attempt increases the chance of it breaking out to the upside towards 370 and 400 levels. Possible break upwards without the above described decline is also possible but less favorable for entry at these high levels in the event of the formation of a double top. Be carefull using limit orders since all exchanges on crypto s show different price levels. BUY SIGNALS: buy around 210 tot 225 eur levels, 255 to 265 Dollar levels.
Long
by BTCryptowatch