Targets for LTC/BTCSo I'm looking to get back some LTC with the new BTC purchased isn yesterday's fire sale. There is still time for BTC to go below 8000 but i'm playing the BTC bounce to fund more LTCs.
Here is my idea of price action and support. LTCBTC price has broken a couple support structure areas so we are short term bearish after this bounce.
Litecoinbitcoin
LITECOIN, Great Buy Trading Opportunity for LTCBTC, catch it!!Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend .
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 46 and above a RSI support level .
Trading suggestion:
Price is in the support zone (0.01438 to 0.01265), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.01438)
.Ending of entry zone (0.01265)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.01731 (First Target)
TP2= @ 0.01854 (second Target)
TP3= @ 0.02000 (Third Target)
TP4= Free (Fourth Target)
LTC Bullish Pennant FormationBullish pennant is clearly seen on the daily chart. Bollinger Bands are extremely narrow, we expect huge movements when they are narrow like this. Stoch RSI is oversold, MACD is low and sell momentum is decreased.
These are all bullish signs and I expect the price to increase till we hit the first resistance line at 0.0194. If 0.0194 breaks we will easily reach to second resistance at 0.0213.
Here is my trading idea:
Long at: 0.0161
Take profit at: 0.0210
Stop loss: 0.140
LTC ready to RUNLTC ready to run Los Angeles 11:57 PM.
LTC looks ready to run with the right setup:
Litecoin needs to break downtrend RSI.
Price action needs to break triangle to the upside.
BTC needs to remain stable for LTC to breakout.
Reaching target is easily doable.
Macd ready to cross
Not sure how LTC is going to move compared to BTC. I usually see BTC as the first mover before LTC.
LTCUSD - Litecoin retesting $100 soonLooks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at them when they see the price rise a little and start shouting 'to the moon'.. only for it to come back down again. It's not that hard to understand, we're in a downtrend, have been for a while now, and it's safe to expect it will continue to go down... all of crypto is completing a massive chart formation - head and shoulders: www.reddit.com
LTC Analysis 16 JAN-18Litecoin markets have rolled over again, reaching down below the $200 level.There is a considerable amount of support at the $175 level though, which I think will be the next point where the buyers will return .
In a bounce in this area will probably go looking towards the $250 level above. If we break down below the $175 level, the next support level is at $150.
Looking forward to your valuable opinions. Like if you agree. :)
Litecoin above major support, watch for the break down.
Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a potential corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin Trend Repetition - Pump Due Soon?LTCUSD has not been faring well against the recent BTCUSD and ETHUSD pumps.
Many of its supporters are patiently awaiting bullish movement. When will that happen?
The Trends:
- Spikes UP when a buy signal is triggered at (Avg. 14.75 days)
- Slow movement DOWN when a sell signal is triggered (Avg. 1.5 months)
- There is an average of 57.657% profit loss over 3 significant down trends.
- We are currently in the 4th significant down trend, at a 27.52% profit loss since Litecoin's last all-time-high.
- When significant buy signals were triggered, price rose an average of 132.3% over 4 pumps.
- When significant buy signals were triggered at an avg. RSI of 24.6327 (over 3 pumps), price rose an average of 137.69%.
A Few Thoughts:
- It has been a little over half a month since the last all-time-high. We're halfway through the avg downtrend.
- Litecoin will find support at the .618 fibonacci level, but could move down to the .5 fibonacci level if there isn't enough support.
- The .618 fibonacci level is more likely, as it is consistent with past movement.
- There will be attractive entry points for bulls to pump Litecoin at these levels. If Litecoin does not show any sign of significant buy signals, we'll see the downtrend continue.
This chart is based entirely on past history of average price movement with RSI, MACD, Bollinger Band, and Fib lines as technical analysis tools.
Disclaimer: I am not an investment advisor. This is not investment advice. I do not provide financial advice, nor do I act as a financial advisor.
I highly recommend consulting a certified financial advisor before making any financial decisions that could impact you or those who depend on you.
Happy trading! Stay tuned for updates.
If price of LTC doesn't hold 250 price / Interesting AltCoins...This shows us that if LTC doesn't hold above 250, it will create a high that is lower than previous in the 300's.
But on indicators, the 300's high is lower than the 250...
So if the price doesn't hold above 250 in the next hours / days, the price will have to follow a hidden bearish divergence. Which will crash the price to the 200's.
I am moving to alt coins right now.
Utrust
Ethos
No Limit coin
Quantstamp
Those seem to be great projects (with working products for some of them).
They are getting a lot of attention recently. Utrust and Ethos are playing a good role in User Experience for the crypto fans, and that can only play in our favors as it will bring new money as it gets easier and easier to use. Also use cases are appearing little by little with no limit coins, and Quantstamp playing a role in smart contract security.
I think those will be my 2018 investments...
Price Prediction For LitecoinPrice Prediction For LTC BTC Trading Pair. This is the 1-Day Trending Chart for Investors. Here I am talking about "cyclic patterns", which means averages like to oscillate above and below each other at a frequency. To better see this, scroll back in time. 1) You''ll notice the MA 50 oscillates above, and then below the MA 200. 2) You'll notice the EMA 15 always oscillates above, and then below the MA 50. Having said...
In the short-term, the cyclic nature indictates the next cycle of the EMA 5 10 15 will cycle down and cross the MA 50 (as the MA 50 comes up). So, expect LTC price to drop in the short-term.
In the intermediate-term, the cyclic nature indicates the MA 50 will cross the MA 200, which is a Golden Cross. Our last Golden Cross was on April 13, 2017. Our last Death Cross was about six months later on October 16, 2017. The cyclic nature calls for the next cross to be a Golden Cross. However, we don't yet know how long we should expect a Death Cross to last. It's only been 2 months so far, anticipate just under 1 month left (early-mid Jan 2018). But sooner or later, the MA 50 will cross the MA 200.
Entry Points
1. The best Entry Point would've been when the EMA 5 10 15 began to slope upward
2. The next best entry point would've been when the EMA 15 crossed the MA 50
3. The next Entry point was when the EMA 15 crossed the MA 200
Exit Points
1. The best exit point would've been December 13. The price position was too far from the EMA 15, and the RSI was way overbought. Sell!!!
2. The next best exit point is now. Start thinking about exiting, as the EMA 5 10 15 are going to start sloping downward in the next few days
3. The next Exit indicator would be when future EMA 15 crosses below the MA 50, or MA 200, whichever is first. Shortly thereafter, begin to look for an Entry Point.
When you see the bottom of the future EMA 5 10 15 cycle, BUY. Then you can hold for months and watch your investment soar!
Maybe this is why Charlie Lee sold all his Litecoin, he simply knows a downtrend is coming. I hate to see it go down, but such is the cycle of a crypto life. Ups...down...up...down. I'd be very interested to hear what others have to say about this, if this assessment is correct.
Litecoin ideaPossible C&H forming in LTC, with bullish indicators on longer term chart. Reminds me of my STR chart from a few days ago. Opened a small position at the bottom of the handle, and will add more upon confirmation of breakout. If breakout confirmed, check next fib levels on longer term chart for resistance levels.
Strong Ascending Triangle - LTC poised to make another big run!If you have a position in LTC, this should excite you! LTC is charting a strong ascending triangle, signaling that it is poised to make another bullish run upward. You can see that a strong price support has been formed over the past week in the $330-$340 range. You can also see a tightening of the price fluctuations, another sign that a breakout is imminent.
If you regret missing out the last major leap in LTC value last week, this may be your shot at redemption. Especially with money flowing out of BTC today, look for the breakout to begin in the next 1-3 days. If LTC can break $400 by Christmas, hold on for a slight emotional pull pullback before vaulting to $500 by New Years.
*Please note that this is for entertainment purposes only, and should not be viewed as financial advice. Do your own research before investing in anything, cryptocurrency or otherwise.