Litecoinbitcoin
Litecoin are in important levelWill halving pushing up LTC? I personally believe that yes. I am accumulating it from January 2019. Now we are on important level. If LTC break 0,011 BTC, perhaps 0,01 are in game. If fundament about halving should stay strong - LTC have to rise, because LTC halving is a pattern for BTC halving. People are expecting pump. If pump not come, they will ask, if the same cannot happen to Bitcoin. If whales wish strong halving pattern, they should help LTC :)
Litcoin's relative price against Bitcoin weakeningThe LTC price breached a crucial resistance against Bitcoin and the relative price against bitcoin seems to be weakening. The overall trend line also seems to confirm the same trend. We can still wait at this point partially to see how the trend spans out in the subsequent days. If there is a jump above the crucial resistance line pointed out the prediction will be invalidated and we might have to observe how the new position looks like. But at this juncture I still see the relative price headed down south till it reaches the oversold territory where at that point there might be a minor bounce.
The strategy at this point is partially sell, and re-enter if there is an upward movement. Otherwise the next buy zone will be when RSI indicator reaches the over sold zone.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
Litecoin can be Good idea to Invest in Long TermWhile the price is above the support 64.45, beginning of uptrend is expected.
We make sure when the resistance at 109.10 breaks.
If the support at 64.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support at is broken, so the probability of beginning of uptrend is decreased.
While the RSI downtrend is not broken, bearish wave in price would continue.
Buy with price action and confirmation when price is in Buying Area.
Happy Trading.
Litecoin roadmapLTC is consolidating. When finish, we may expect it to move towards upper borders at 140 with potential breakout to 147 - 158. In case BTC pump, it will touch the bottom of current parallel channel at 127 first.
LTC/BTC (Litecoin) Hodl Till Halving..!!LTC/BTC (Litecoin) (Weekly)
Technicals..!!
Holding Weekly Support
Above Weekly 20EMA
RVI-RSI Both Bullish
It'll Boom Soon Due To Halving In August.
It's Also Following BTCUSD
Both Resistances Mentioned In Chart
Strong Resistance Is Our Final Target Until Mid July
46% Profit Expectations So Buy & Hold Some
Inrtroduction ...!!
Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions.
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LTC/USD - VERY BEARISHTarget: 0.0110
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
A trading opportunity to buy in LTCBTCMidterm forecast:
0.01315 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.01890 on 04/03/2019, so more losses to support(s) 0.01430 and minimum to Major Support (0.01315) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01430 to 0.01315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01430)
Ending of entry zone (0.01315)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.01500
TP2= @ 0.01620
TP3= @ 0.01730
TP4= @ 0.01890
TP5= @ 0.02015
TP6= @0.02380
TP7= Free
Litcoin's Corrective WaveAs you can see on the chart, we had complete impulse wave for the last 4 months and it's time for it to have some sort of correction.
If LTC can maintain a support here and move back to 0.016BTC we can continue the move up to R1 else if it drops below 0.015 it can trend down to S1 and S2.
so be careful with your trades and have stoplosses if you wanna buy here or wait for it to stabalize over 0.016BTC.
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Litecoin Price Target Reached $LTCMy litecoin price target has been reached and I'm closing it here. It could go higher to but as the old adage on Wall Street goes ""Bulls make money, bears make money, pigs get slaughtered".
For those that asked what my next target would've been, it's 0.019429 LTC/BTC and after that I'm predicting that it's going to be pretty gloomy for Litecoin for the following two months.
Would love to hear your thoughts. Thanks and happy trading!
LiteCoinLTCBTC moving in uptrend. After last stong moving up litecoin formed symmetrical triangle.
This means that we can expect upward movement to continue. I also showed the waves of Elliot and the fifth wave is already ending. This means that we can wait for the correctional movement if we brak our support line
Litcoin Vs Us Dollar ForecastLitecoin is looking more upward toward 66.70 Lets See How it Reacts on over Analysis .Ltc Rosed Up from 22 Area Again As it have Attracted more than expected Investors from December 18. We Are Looking Forward For More Buyers in that Specific Currency pair
$LTC - 4HR - SHORT - After sharing my idea it looks to be happening, going to follow through and take this trade as a small hedge against a bitcoin pullback here
$LTC On the edge of a symmetrical triangle...$LTC On the edge of a symmetrical triangle that will determine if we have continuation or retrace (Looks bearish to me...)
UCTS Sell signal on the 6h
Volume decreasing & showing a bearish divergence
MACD & RSIfalling
If it breaks down, potential support at green box.
#LTC
Litecoin Enjoys Longest Bull Run Since 2017The price of LTCUSD is now the longest bull market run since the run up to record highs back in 2017-2018. Moreover, evidence suggests there is still a bit of room to run before we run into some technical overbought territory as suggested by our SSI and sentiment indexes. While Daily FX does not provide sentiment analysis for Litecoin as they do for Bitcoin, we can definitely use this data on Bitcoin as a proxy for Litecoin as Bitcoin tends to be the market leader in price action because it is the higher liquid marketplace. Even so, we know that Litecoin and Bitcoin are clearly cointegrated. More on that and Litecoin here: anthonylaurence.wordpress.com
At any rate, we could still see some upward momentum in LTCUSD which, again, is a much better performer than any of its major peers in spite of its relative illiquidity compared to Etherum or its the crypto behemoth BTCUSD. That said, risk off sentiment will probably lead to price volatility in the crypto market if we see a broader selloff in other high risk markets such as corporate debt, or junk bonds. Expect that to also potentially occur definitely in the next year.
For more analysis, please check out www.anthonylaurence.wordpress.com and please feel free to leave a comment.
Heading Towards Major Sell SignalThe Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for.
For more content, please check out www.anthonylaurence.wordpress.com
Litecoin Above 50 day EMA, But RSI and Stochastic Close to SellThis chart points to a number of conclusions. First, Litecoin is obviously the best performer over the past few weeks and if we extend this to November 2018 its still the best performer. Second, price action is still moving above the 50 day exponential moving average, so that's good. However, RSI is close to sell and also the stochastic oscillator is flashing sell. If you were smart enough to get in at November and hold it until now, then I would suggest to sell and enjoy your profits. We could go higher, but if November was your entry then definitely get out now. For those who did not enter in November, I would be cautious in the short-term.
I have many more words and charts on Litecoin and its performance compared to other cryptos here if you're interested: anthonylaurence.wordpress.com and feel free to check out any more of my content here: anthonylaurence.wordpress.com
LTCH19-SHORT SCALP SETUPa short-term correction possible to 0.013-0.012 zone.
1.Volume decreasing with increasing price
2.Stoch-RSI bear divergence
if it breakout above the falling wedge then it would be strongly bullish but short scalp is less risky than long here
Can Litecoin Break Through This Key Resistance Level?Litecoin has been dominating the market lately and leading the altcoins to higher highs.
However, we are now at a very important resistance for Litecoin.
It is going to take a lot more volume to break the previous support level that has now flipped as resistance.
We are in a massive rising wedge with declining volume and bearish momentum is starting to take over.
The only thing I can see that keeps Litecoin propped up here and breaking through the resistance is that short interest is at all time highs on Bitfinex and much higher than long interest right now, which means we could get a short squeeze that takes us for further upside momentum.
One big volume push could create a cascade of short liquidations to push us to higher highs.
Either way, I would encourage you to raise stop losses and/or hedge your profits if you are still in on this trade because if it turns down, it'll probably be fast and vicious.
If we do break down from this wedge, I'll be looking at a potential re-entry around the 70.6% fib retracement level for a strong S/R flip.
Happy trading!
