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Hurt Litecoin ( LTCBTC ) takes on a painful journey down southHello Friends, Here comes my third and final chart for the day. This is yet another simple yet informative chart for you on the daily frame with explanation of what the chart shows. If you have seen my previous chart on Bitcoin ( BTC ) on daily frame, the path is clearly downward. (Ref: ) We all know, when BTC goes down it takes everything else down with it, a major reason why Litecoin will likely fall down apart from the weakness visible in LTCUSD chart. The LTCBTC chart, however, shows further signs of weakness in medium term (spanned over many weeks) with a death cross of 50 MA and 200 MA and rejection at MA 200 in the first week of June. Classical charting pattern wise, it formed a descending triangle (marked in black). The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. As has been evident in the chart, it has broken down and moving south a day after testing the bottom trend line of the triangle for the third time. As the chart suggests, MA 200 acted as resistance for 12 long days before rejecting the price and a death cross of 50 MA and almighty MA 200 has happened. They are going to act as resistance on the journey up. Price will eventually go down since that is the path of least resistance. Medium term view: Next major support is wayy down at 1.272 rectracement at 0.008866 level and below that at 1.414 level further down at 0.007060. They are the likely destination. It might take many weeks though. Short term view : We are currently seeing a small rally on day candle. It can continue till bottom of the triangle. If that is breached and confirmed, God and BTC willing, a rally till 20 / 50 MA / 786 retrecement can't be ruled out in short term (few days to a couple of weeks max). However, don't take your eyes off from the bear market. Thank you. Feedback welcome.
Short
by esjaees
3
Things Are Getting Intense In Litecoin!Another self explanatory chart. We are crazy percentages off ATH, on a software protocol that may change the world. Is Litecoin the flavor of blockchain to do it? Probably not, but that has not stopped many speculating on this asset, whatever the reasons may be. This may seem trivial, but Litecoin is not exactly a trading card or a share representing an obsolete company making overpriced cars or purses.... It has a use case and its also getting very close to the end of a massive descending triangle. It's also going to have its supply cut in half next year. RSI oversold. Potential bounce levels are in thick blue and probably will be met so not saying go all in here. Light coin is much deeper into its 78 fib zone compared to BTC, whatever that may mean. This is not trading or investment advise, just observations.
COINBASE:LTCUSD
by A5gamakatsu
USDT -LTC Litecoin -Alt Coin Analysis - Point Systemlt Coin Analysis - Points out of 10 Date : Since 2013 ( 9 / 10 ) Volume 24 H : 42000 BTC ( 9 / 10 ) Available Markets* ( 10 / 10 ) Social Media Rate ( 6 / 10 ) Ranks **7 ( 9 / 10 ) Website ( 6 / 10 ) Type Cryptocurrency ( Silver Bitcoin ) Overall ( 8 /10 ) Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign in the excitement a bit. Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop. It will shake people out otherwise. Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility. if you are in crpto less than a year, You have to read twitter.com before start to trade / invest it. Are you looking for a target level to buy? Dont ask me. Listen to Charlie. I have been in crypto almost 2 year, He has been there almost 6 years!! Even I respect Charlie's idea, I will start the accumulate my first LTC bag in 2018 from this level. 85 % down from ATH. It is enough for me to start for LTC. My next buy levels are at $38 and $20. * Considering top 10 crypto exchanges ** Top 100 coins on coin market cap get 10 points
BITFINEX:LTCUSDLong
by CryptoEngineering
LTCBTC PROFIT OPPORTUNITYBuy Price: Green Line SL: Red Line Profit: in short-therm i expect 5%, in mid-therm i expect 30%! Invest Suggestion: 20 Percent Profit Expectations: - 10 - 30 Percent Looking at the chart of LTC , we could see that is a low channel!! We Have the 13 HMA crossing the 34 HMA and the 50 HMA , indicating that we have a growth tendency ( dont think it's enough to break the low channel yet)!! MACD lines crossed too and ANN strategy is in green zone! Sell when you get some profit, according the way you trade. Keep following us and please like this idea. Any doubts? Send in the comments or in our telegram or Inbox here. Thanks for visiting.
Long
by CGCryptoTrader
$LTC #LTCZ18 - Technical Outlook - Day trader ExplainsHello Lads and Ladies, As we just had a live call, i want to make a small update on Litecoin. Especially for the trading pair on BitMex. We have here on the pointed out green points, points of interest of multiple groups. We just confirmed our previous trend and bounced back up to and above the 61.8% line. Looking at it from this point on, we have a very strong historical support at 860 for LTCZ18. Should we mange to have a close within the next 24 hours above it, it will be considered as a solid buy opportunity. We have tested the 880 resistance but did not manage to hold it long enough. Therefore, we will most likely see a test there again and since we have an uptrend but a horizontal resistance we will most likely get squeezed out of this structure sooner or later. From my point of view, this will be pretty soon. A nice play out would be towards 870 and then testing the uptrend line crossing 860. If we confirm another confirmation on this one, we will be able to break 880 comfortably and go further THROUGH 900 towards 920. All of this should be playing out within a week. A break of 830 would confirm the break of the uptrend and most likely bring us back down to 810. Since everything is mooning and we see a lot of positivity coming back in, I expect Litcoin to move pretty soon as well. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
LLong
by KongTrading
Is $LTC Still "Worth It"?Litecoin chart is still primed at the current support level that has been hold for almost 2 years now. Not much to talk right now as another blue chips are more likely to experience the same. Just look at the Ethereum. With the support area around 0.00886 - 0.00771 is my first accumulation zone and then next entry will be in at 0.00634 - 0.00650. The current level leaving a room for 2.26x from ATH and -0.63 from ATL. Expecting those two level to hold as we're getting better towards the regulation and adoptions and ETF will soon coming. LTC looks worth to hold right now.
by blockchaindedi
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00814000) Ending of entry zone (0.00736000) 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 the 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= @ 0.00945400 TP2= @ 0.01063810 TP3= @ 0.01141060 TP4= @ 0.01240100 TP5= @ 0.01333480 TP6= @ 0.01571755 TP7= @ 0.01762490 TP8= @ 0.02035380 TP9= @ 0.02381480 TP10= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in LTCBTC Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. . While the price downtrend in the Daily chart is not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00814000 to 0.00736000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00814000) Ending of entry zone (0.00736000) 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 the 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= @ 0.00945400 TP2= @ 0.01063810 TP3= @ 0.01141060 TP4= @ 0.01240100 TP5= @ 0.01333480 TP6= @ 0.01571755 TP7= @ 0.01762490 TP8= @ 0.02035380 TP9= @ 0.02381480 TP10= Free
Long
by ForecastCity
2
Litecoin bear paws Greetings from Benice team! Litecoin is one of the first Bitcoin forks. Charlie Lee has the upper hand, one of the few cryptomarket tycoons who did not hesitate to warn participants about the upcoming correction at the end of 2017, and sold all his personal Litecoins himself. That's what Charlie Lee says: "For a currency to really be a worldwide decentralized currency, you can't have a real leader who is trying to control things. So to make Litecoin more decentralized, eventually I would step away... I think that moving forward like five years down the road, when prices back up, then I would feel like it was the right move. In general, it can take several months for the trend to go upward", he pointed out. If we look at the general situation, we'd rather agree with Charlie, the thaw can last for a very long time. However, many coins can completely sink into oblivion during this time. So, coins with good fundamentals are more interesting, in this case. As to Litecoin, its Beta coefficient is good, and it can show the right spirit in the future, demonstrating resistance to decline with respect to the market. Due to a four-day sideways trend, technical indicators began to signal weakening. A similar situation is observed with other altcoins. The long-term technical picture tells us that the decline will persist rather than that a rapid growth rally will occur. You can see the trend continuation pattern on the chart. Accordingly, the target for the Bears is the $ 30 level. At the same time, in addition to bear paws, the token is successfully drawing the channels of movement and allows you to trade on short time frames with confidence. An attractive speculative level for buying LTC/USD is 53 and 51. If you enter at these levels, then your target is 61 and 67. However, keep in mind that the trend is downward, and the strategy should include either a possibility of averaging or placing stop-loss orders. At the moment, 44.6 is the optimal level for stop-loss. When this level is reached, the price will be likely to increase the momentum of the movement, to reach 41 and even to go lower. We are going to update regularly our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit. Subscribe and follow our recommendations! You are going to enjoy the results!
BINANCE:LTCUSDShort
by benice_trader