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.
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Litecoinanalysis
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
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
LTC/USD, trading Plan.You will learn the best place where we can trade Litecoin at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
#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..
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
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
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Peace Out!
Not a Financial Advice.
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.
Litecoin bottomed?Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD 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 62.
Take Profits:
TP1= @ 80.35
TP2= @ 131.60
TP3= @ 143.75
SL= Break below S2
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD 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 62.
Take Profits:
TP1= @ 80.35
TP2= @ 131.60
TP3= @ 143.75
SL= Break below S2
LTCUSD Litecoin SHORT 1 HR Bad Day for CrytosHello to all watching my charts.
LTCUSD is in Short mode like ETHUSD also.
Here in LTC Litecoin its in addition
a broken trendline which has been last from 17.10.2019
till now and Litecoin have been sitting up and jumped
up from that line at least minimum 5 times.
If such an important Long trendline is broken there is
something change big coming in short , thats my oppinnion.
If you want to know more about my trading style
please send my a mail.
Good trades
Renkotrade