Litecoinbitcoin
Possible LTC route - Sept/Oct 2018Resistances will prove to be tough in Litecoins uphill battle pending possible reversal confirmation. After hitting a low in the .008 region, I expect to see slow climb to .01, denial and the continuation into the .011 region + over the coming months. This is with the bias that the market has recovered and is moving sideways/accumulating for the next 2-3 months.
Is Litecoin Going Down For a Buy?Litecoin has been one of the biggest gainers since 2016 from an all time low of $2 to an all time high of +$300. I have grown fond of this specific coin reason being it presents us the investors of the crypto world with opportunities that hardly come buy. Once again litecoin is heading back to it buying zone. Will you be a buyer? This is a question that you only can answer.
Litecoin all time lows: 0.0031158 - 0.005958. (Buying zones)
Litecoin all time high: 0.0219 - 0.03168 (Exit zones)
Remember patience is of the essence when it comes to cryptocurrency markets.
Always buy at the bottom (in green) to sell at the top (in red) and repeat.
Be in control, do not be driven by F.O.M.O.
Always remember to look at the against btc chart.
LITECOIN - IMPORTANT LEVELS TO LOOK AT, DAILY TIME FRAME!With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin. We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns since they won't come into fruition. So, i am trading raw just via using swing highs, lows, supports and resistances. I have marked everything on my chart, you can check it carefully.
Litecoin is currently hovering in the critical territory. If this level doesn't hold, then i am afraid that there's only 1 major support left after that in my opinion. Beyond that, it's a zone of free fall.
Alternative, if this levels holds then there a lot of scope on the upside. No need of marking these in between levels.
I'll keep updating this, as and when required.
P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
A trading opportunity to buy in LTCBTCTechnical analysis:
. LITECOIN/BITCOIN is in a downtrend 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 32.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01212 to 0.01157). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01212)
Ending of entry zone (0.01157)
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= @ 0.01350
TP2= @ 0.01483
TP3= @ 0.01570
TP4= @ 0.01816
TP5= @ 0.01997
TP6= @ 0.02223
TP7= @ 0.02511
TP8= Free
A trading opportunity to buy in LTCBTCTechnical analysis:
. LITECOIN/BITCOIN is in a downtrend 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 32.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01212 to 0.01157). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01212)
Ending of entry zone (0.01157)
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= @ 0.01350
TP2= @ 0.01483
TP3= @ 0.01570
TP4= @ 0.01816
TP5= @ 0.01997
TP6= @ 0.02223
TP7= @ 0.02511
TP8= Free
Litecoin weakest of group and to fall hardest into Cycle LowThe next major Bitcoin and Crpyto Cycle Low is coming up at the end of July. Cycles have been excellent in this crpyto market.
Litecoin, acting as the weakest of the group, is due to fall hard and could see a $50 handle before finding bottom.
LtC BTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: 76.59 %
Profit Factor 4.792
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should buy or short the market. With Bitmex Cobra you are always in full control of your trading no matter how the market moves.
Check the List of Trades Tab as well to see past trades.
P.s. Bitmex Cobra is an invite only script!
LTC at the bottom?
LTC is showing exhaustion in its bearish move for continuous of 9 weeks of downward movement. TD indicator is showing TD9 perfected buy on LTCBTC Chart, Macd is still above 0, and we are still above the 200ma on weekly chart.
I'm going long here on LTCBTC.
Stay tuned for more updates
LTCBTCThe downward cycle continues, we can see rebounds but globally we will decline
Now there is an opportunity to play long on the rebound:
Trade plan for LTC/BTC
Buy: 0.0130 - 0.0131
Stop: 0.0128
Target: 0.0137 - 0.0138
Than short:
Sell: 0.0137 - 0.0138
Stop: 0.0140
Buy: 0.0108 (That a long term deal)
In the support zone I will consider the opening of long positions
$LTC #Litecoin - BIG MOVE AHEAD - fasten your seatbeltHello Lads and Ladies,
Today we are taking a peek at LTCBTC and seeing how it is getting ready for a big move.
Just a little to the history of LTCBTC. In December we saw a humungous push to 0.019750, from there on it was on a downtrend to 0.016000 and crashed within a few days to 0.013400. After the crash it just rocketed up almost 100% to 0.025000. From that level on it has been on a pretty steady downtrend.
As LTCBTC is known for its violent crashes but also its even more violent pushes, can clearly see a strong downtrend resistance after the the very big rocketing in February to 0.025000.
There was also a second downtrend resistance that has come to and experienced a push from the 23.6% fibs to the 38.2%, back to 23.6% and up to even the 50% fibs line. This last push has confirmed the second bigger scale downtrend resistance that LTCBTC has been respecting and is now hugging.
Normally, we have a very strong support sitting at the 23.6% fibs line which is located at 0.016000. Since we should have been at an end of the big scale downtrend, we could have expected a big bounce to 38.2% and then to 50% again.
Nevertheless, we had the whole market shaking very hard, what caused LTCBTC to crash almost to the same level like it did in the beginning of February and started a humungous push.
Right now, the LTCBTC chart is still hugging the downtrend resistance. It seems like that it issuing to break it and leave it pretty soon, form where we can at least expect it to push up towards the 38.2% to 50% region. Moreover, should the whole market stay in a pretty positive vibe and experience a nice push, we might even see LTCBTC repeating its almost 100% push again.
Normally I always show more bearish scenarios but in this case I am very sure because I have been trading LTCBTC for a long time and we haven't seen a really big push now for quite some time. The downtrend is ending and the push is immanent. I am not saying that it will happen in the next few days, but I am pretty sure about it within the next few weeks.
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Cheers, Tomas
$LTC #Litecoin repeating history with an end of the downtrendHello lads and Ladies,
Today we are looking into Litecoin. We see very clearly an end of the long downward trend forming a very nice triangle. This would normally indicate a very soon breakout. RSI its also on a healthy rise upwards.
ANYHOW, there is a possibility that we will see a short term break down from the recent support line. We have seen this already a few times with LTCBTC that after an end of the downtrend it breaks down to the next support and just then breaks out and starts rocketing again. The break down from support after a downtrend is a very strong indicator for the next BIG MOVE on LTCBTC.
Therefore, there are two possible scenarios one that we will see a breakout right now, OR it will break the support and then have the next big move. In any case it will rise to the shown fibs lines where it might find shortly its resistance.
Considering all of the above I will put in 30% right now and divide the 70% throughout the strong buy zone.
Cheers, Tomas