Get started

Litecoinanalysis

LITECOIN - Intraday Update - 12/11/20 (Short-term) LITECOIN - Intraday Update - 12/11/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITFINEX:LTCUSDLong
by ferGOD
1
LTCUSD another short-term pullback before the next rally to $200Hi friends, hope you are well and welcome to the new update on Litecoin. The price action has bounced from the trend-line support: In previous article we have seen that the litecoin was moving down to the support of an up-trend line and this trend line is formed since 20 Oct 2020. And we were expecting a bounce from this trendline after this pullback. Now finally the price action has taken another bullish divergence after reaching at this support. Another successful harmonic move: In the meanwhile, I also shared another chart with you on 9 Dec, where I told you that the price acton of LTC is completing BAT pattern on small time period 4-hour chart. Now the priceline also has taken bullish divergence from the potential reversal zone of this pattern. Good supports of moving averages: Currently on daily chart, the pricelne of Litecoin has strong supports of 50, 100 and 200 simple moving averages. After current pullback, the price action has also used 50 simple moving average support to move up. At the moment the price action has bounced successfully from the 50 SMA and breaking out the 25 simple moving avearege. A symmetrical triangle and an expected short-term pullback: On daily chart, the price action has formed another symmetrical triangle. At the moment the price action is at the end of this pattern and likely to move down to re-test the support of this triangle after getting rejected by the resistance. There is also good support of 50 simple moving average below this pattern. Therefore, we can expect a breakout after a pullback to $75. Long-term support and resistance levels: On the long-term weekly chart, different support and resistance levels can be seen. At the moment the price action has the support at $60 and recently rejected by $90. After $90 the $100 can be also another psychological resistance. Then the next resistance levels can be found at $110, $140, $170, and then $230. However, the $200 can be another big psychological resistance level. Conclusion: Litecoin has very good supports of simple moving averages and the support of the triangle as well. There can be another short-term rally to the downside upto $75 to re-test the support. In long-term, there are no significant resistance levels after $90 and $100. Therefore once the priceline will manage to cross the $100 level, then in a very short time it can reach to breakout $200 resistance as well.
COINBASE:LTCUSD
by moon333
1
LITECOIN - Intraday Update - 12/09/20 (Short-term) LITECOIN - Intraday Update - 12/09/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.00 high and beyond. Breaking above $86.89 is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.00 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.30 - Wave ii - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note : Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
COINBASE:LTCUSDLong
by ferGOD
LTC 12h. We wait $43.6-45.35 to buy. LTC buyers showed themselves pretty well over the past 10 days. In the previous idea , we wrote about the open interest in this coin. Today these words are only confirmed by the chart. We have noticed the accumulation of long positions and believe that it will be realized in the near future. Sellers were not only prevented from breaking the critical point $44.5 . Their strength was not even enough to touch this mark. LTC price continues to move in the local channel from 21 September. The level $51.49 could hold back buyers and give sellers a chance to counterattack. However, considering how this coin is kept, the maximum where the price will be allowed to fall is the range $43.6-45.35. In this range, we would gladly buy LTC with a target $61. ___________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Long
by P_S_trade
4
Litecoin's Sign of Strength is Near - Buy (Wyckoff Idea)The 30 Min Litcoin Chart from the previous fall looks very similar to a Wyckoff Accumulation Schematic. These Schematics Can be found on any time frame. I have marked every point that you would see in a Wyckoff chart. We're jjust waiting on the sign of strength to "jump across the creek" Maybe have a little shake out before the distribution continues. We're at discount prices, the volume continues to gte lower and lower. Find a dip and go long. Any Wyckoffian's out there have any input? COINBASE:LTCUSD
KRAKEN:LTCUSDLong
by BodiesXWix
1
LTC/BTC LONG*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice. With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence. Stock RSI also trending upwards. A weekly close above the moving average will likely bring in the necessary volume to move up quickly. Feel free to follow me on my Twitter for the latest updates @psychedcypto, I actually entered LTC a couple of weeks ago but decided to post it on here as well since it began playing out excellently. If this benefitted you please consider leaving a like and following for more to come soon. Cheers, PsychedCrypto
Long
by PsychedCrypto
#LTCUSD ANALYSIS.. BROADEN THE PERSPECTIVE.. Big picture in #LTCUSD may be giving us important clues about price movements in the future.. I think it is meaningful to diversify approaches especially in the process we are in.. In the #LTCUSD monthly chart, Tom Demark has closed the red 2 last month, we can clearly see how the TD indicator has produced signals in similar situations from past to present, we can easily say that it is not positive for the medium-term.. Furthermore, Litecoin is below monthly ma20, this is also bearish.. In the chart, I expressed the price movements likely to occur within the descending triangle and falling channel.. My expectation is that the price will drop to $ 13 in the medium term.. We will wait and see.. You can find my thoughts about Btc and Eth in the link below.. Sometimes you need to break your knees a bit more to jump higher.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:LTCUSDShort
by OguzhanSengor
2
Don't miss the great buy opportunity in LTCBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00705). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.00785 TP2= @ 0.00900 TP3= @ 0.01000 SL= Break below S2
Long
by ForecastCity
14
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
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork. If we don't hold we will probably test for a double bottom around 23 dollar.
COINBASE:LTCUSD
by Fomonacci