Chart looks good for a 20%ish swing trade (long) on Litecoin against USD. LTC-BTC is basically at all time low, and this goes in favor of this trade as even a minor bounce on ltc-btc could yield a decent pump on ltc-usd. Especially if Bitcoin stays bullish against USD. Keeping my eyes open as Bitcoin looks like it's about to turn around and get into a steep...
Litecoin showing sustainable trend toward next local top. Around 70% from where we are.
Bearish outlook on LTC-BTC, let's see if the weekly volume profile node provides relief ~0.0042 LTC-BTC. #AriseChikun
Litecoin is at the bottom of its descending triangle but this doesn't always mean there will be a bearish continuation. Right now for me, this presents a perfect opportunity to long it and simply cut this trade if it closes daily below 575. Will be targetting top of the triangle for now and see where it goes from there.
Equilateral Triangles on the Inscribed Circle. Not Trading Advice.
Illustrated as thick maroon lines. First would be at 180, from previous levels where we would drop to. It would match the pre-halving pump we got in 2015 that shot up from lows to over 800%. 800% up from 22.50 puts us right in the 180 sweet spot. We have already come so far, we may see a final push to go up to 180. If we break past that, next would be about 200....
A quick analysis on the history of the 200d EMA. I'll have to zoom out to show what I mean entirely so get your reading glasses on. Basically, I see that last time we had a significant bear market it ended with LTC rushing up and smashing through the 200d EMA, then settling in a pretty boring range for quite some time. Even Charlie Lee said he could foresee a...
Sorry not sorry for the Dora the Explorer clickbait. If what I see here is a true INV H&S, we just broke the neckline not too long ago (relatively speaking). I don't know how far out a H&S pattern can extend before just being a coincidence, so I'd love your feedback. I mean, what if this gets us to that 4:1 LTCBTC everyone used to talk about. People are already...
Wow. I don't even know how to use fib time tools. But look at how perfectly LTC is going up after my vertical blue line. It has me bullish. I feel like I said somewhere a long time ago with my time tool that crypto would be bullish mid september. And here we are. Also note my double bottom (underlined bright green), my near term support and resistance levels....
I drew lines on the MACD a loooong time ago. Not tooting my horn or anything, just exciting to see. This, combined with the nearly oversold RSI on the WEEKLY timeframe has me feelin good for the last part of 2018. 9 months since we have had a bullish MACD cross on the weekly, and we're just about there. Everything is turning up, just look at doge as your bullish...
If support fails I expect losses will be heavier than many people think. Support levels are shown. Grey parabola seems to indicate bubble.
So yeah I'm a noob with the charts and you could say I don't know anything, but I still like to find potential patterns, and I see a potential bull flag that has taken several months to form! If I know anything about bull flags, when they break out it could lead to a 4.2k litecoin. No timeline can say when that will be, but I'm just showing what I'm seeing.
Litecoin - End Of Year Price target: 500-1K (USD)
I was looking this morning at this chart at the nice 4 green weekly candles in a row. Then just now I looked back at the last time that happened. The last time it wasn't near the end of a big bear market (my opinion personally), mostly just a sideways market. Given the position of the current setup (which is at the breaking point of leaving a long down trend line)...