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LTC/BTC is one to watchA quick review on LTC/BTC, we see that price seems to be, (1) consolidating within the red Fibonacci band (short term) (2) creating a large descending wedge (longer term) Levels to watch for, 100 Day Moving Average (orange line) has proven to be key resistance on 3 occasions, which coincides with the 23% fib level. Inversely, 0.01600000 - 0.01580000 has proved to be a strong level of support as it approaches the 200 Day Moving Average (red line). As LTC trades within this band, i interpret this as a period of consolidation. The bearish case for this would be for LTC to drop below the 200MA, close a strong candle, followed by a death cross (watch green line fall below red line) and capitulate downwards. I would subscribe to the more bullish scenario for LTC to break out of its wedge, followed by a strong close above the 100MA - this would be a case for continued upward price action. Notice some bullish divergence on the MACD, and trading low on the Stoch RSI. You may combine your analysis with the LTC/USD comparative. *Not financial advice :)*
Long
by gingerbre4d
[LTC/BTC] Litecoin: A Slow...Slow RetracementLitecoin. Oh my, what do we have to say about this. [ [ [ ]]] I'm doing this TA for my brother, other than that its been off my radar the last month or two. That said, I'm not super bullish on LTC, as I've seen a lot of wash-trading and MM during its corrective stages. As far as I know, LTC has not developed much so far in 2018 and doesn't have any big news about LTC coming soon. In my opinion the project has sort of... dried up a bit, as other projects have been gaining headway on LTC as far as the problems that are trying to be solved. Regardless of a long term "emotional sentiment" for LTC, I love my charts and there's almost no way that an asset goes through a triple elliot wave combo and doesn't come back strong . As we can see we are about to complete this beautiful, boring as all hell correction and we do have some great opportunity for some decent gains in the next upcoming month. I will finish by saying that if I am going to get more bullish on LTC, I want to see some harder work being put into the project, more innovation, evolution and planning for the future. I love my future proof platforms. --If anyone has information about this, please comment or DM me! I'd love to hear from you <3 -------------------------------------------------- Current Price $158.61 USD (4.03%) 0.01648420 BTC (-0.26%) -------------------------------------------------- Market Cap $8,941,433,176 USD 929,258 BTC -------------------------------------------------- Volume (24h) $608,597,000 USD 63,250 BTC -------------------------------------------------- Circulating Supply 56,372,638 LTC -------------------------------------------------- Max Supply 84,000,000 LTC -------------------------------------------------- CS/MS Percent 49% Happy trading!
Long
by dansharp
2
Litecoin Buyers are Showing up!Hey, I am back with another trading Idea! This time looking at LTC. In short, LTC havent seen any significiant growment ( 10% grow past 5 days). The Indicators looks clear, MACD is giving strong signal to buy even with histogram increasing buyers. RSI tested key ressistance, Litecoin may now consolidate for a bit % taking look at Stoch and then break trough. Hope I made your view on whats going on with Litecoin somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update.
by TiborVrbovsky
Litecoin Poised at a Pivotal Descion Point!Ok let’s have a look at LTC vs BTC on the daily log chart! As you can see we are currently trading within the large dotted down trend channel. Back in early March we formed a descending triangle (Purple) which we broke out to the downside from. We then formed another descending triangle (Orange) from which we have recently broken out to the upside from back on 18th of April. So where does this leave us now? Good question! We have now formed a new smaller down trend channel between the upside of the Orange descending triangle from where we broke out, and the down side of the larger dotted overall downtrend channel. We have tested the resistance of the larger down trend channel three times in the past 5 days and failed to even pierce let alone break through it, so we have some work to do! Given Aroon Up/Down is slowly falling, momentum on the MACD is relatively weak (though the MACD is trending above the signal line and trending slightly upwards) and the RSI is almost smack bang on 50; we seem poised to make a decision as to which way to go real soon! In a bullish sign, we have opened above the previously heavy resistance of the 26 EMA and have an emerging Three Inside Up candlestick pattern emerging. If this pattern completes and we can close above the top of the down trend channel with enough volume by tomorrows close, the 23.6% Fib level should not provide much (if any) resistance due to the historical levels of support we have had here (through the first half of Feb). This takes us up our green arrow path to 0.019222 for our next test of the heavy resistance found at the 38.2% Fib. If we fail to break out by close tomorrow, then we will likely follow the red path and go lower, perhaps forming a triple bottom (which is a bullish chart pattern) before attempting another run up (which would be likely be successful). In closing, I am personally bullish in the long term. Short term I need to see a break above the down trend channel supported by volume by tomorrows close, before going long to 0.019222. I think we may just build enough momentum to do this, provided the Three Inside Up pattern that is emerging completes. Safe Trading Everyone! Cheers
Long
by Corrupt_Economy
1
LTC potential sell orderLitecoin is forming a nice wave structure after breaking out of the massive downward channel it was in. Around € 140,- € 150,- the correction for the Elliott wave structure will probably begin due to that range also being a resistance line in general. I would advise keeping an eye on it. "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep." If you want to donate crypto: L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k E T H : 0x43e36a719c407285ec3c967857d13e9926771b78 X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
by richardwittekoek
LTC Bullish Ascending Triangle (Educational) Signals for an 'Ascending Triangle' -On an uptrend, pausing for period of consolidation (Yes) -Minimum of two reaction highs and two reaction lows (Yes) -RSI no bearish divergence (Yes) How to trade: The price target is most likely the entry price + height of the triangle. Buy in: -Upon confirmation (2nd reaction low) buy in Sell points: -0.017779 (Entry price + height of triangle) It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite. Please criticize my TA's so I can improve. See you in the next chart :).
by HD1184K
2
LTC / BTC ratio within well-defined channelThe LTC/BTC ratio has meandered within a pretty well defined sideways channel for almost a year now, kinda between .01 and .02 with a little leeway on either side. Coming up in about 2 weeks there is a convergence of trends, we'll see what happens but it is reasonable to expect it to stay within the sideways channel for at least the short-medium term. Trades between 0.016 and .019 have been good. Check out www.reddit.com for discussion/analysis from traders more experienced that myself :P
by welliguessso