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Bullish Flag on Litecoin Buy signal around 250 Dollar ( 220Eur) Litecoin technical analysis for December 16 2017. The bullish flag has been forming since a few days now after a very strong uptrend on litecoin. Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to revisit the lower trendline to gain momentum and jump up from there breaking out higher. The revisiting of the lower trendline of the bullish flag also confirms the touch of the 38.2 Fib retracementlevel which has reacted strongly before with a bug bullish candle. A second attempt increases the chance of it breaking out to the upside towards 370 and 400 levels. Possible break upwards without the above described decline is also possible but less favorable for entry at these high levels in the event of the formation of a double top. Be carefull using limit orders since all exchanges on crypto s show different price levels. BUY SIGNALS: buy around 210 tot 225 eur levels, 255 to 265 Dollar levels.
Long
by BTCryptowatch
LITECOIN BTC NOWThe general up trend have been cut you can see the red line. ltc btc Now we are in a good place to buy sit on the orange line 0.0870 > sell point between 0.0894 and 0.0900 but wait..ltc btc . Beware ! wait to see if the next candle don't cross the orange line in this case sell at 0.00867, if a candle don't cross the 0.0868 point, good opportunity to buy , and if the sell point of 0.0900 is crossed the next selling point is hanged on the upper blue line. ltc btc if a candle cross the orange line the new buying price will be sit on the down blue line ! ltc btc
Short
by tusco92
Bitcoin and Litecoin Price CorrelationThere still seems to be a lot of correlation in the prices of Bitcoin and Litecoin, I am pretty sure the same would be true for Ethereum as well. I am not really sure why this is the case unless it is just that people are buying and selling the major coins and tokens based off of what Bitcoin does, but to me, that seems kind of strange. I know Bitcoin is used to make other purchases, so people buy Bitcoin (increasing the buying pressure), then use that Bitcoin to pay for other coins and tokens (so in a sense you are selling Bitcoin, increasing the selling pressure). It seems to me like if there were a lot of people buying Litecoin with Bitcoin, the price of Litecoin would be increasing but shouldn't the price of Bitcoin be inverse of Litecoin? I know also there are a lot of other transactions with other coins and tokens going on at the same time so that has to be affecting the price also. Most likely I am missing something really obvious and I am not really sure why I care but it just seems really interesting to me. If anyone has an idea why this is the case I would appreciate if you would let me know your thoughts.
COINBASE:LTCUSDLong
by Bigsky_Crypto
3
Litecoin How to TradeThe price bounced from 57.00 and 59.00 levels. There is possible the chart to complete the cup & handle chart pattern. We have buy opportunity. If the market moves above 69.00 resistance level , it will be a signal of futher upward movement. Order execution only occurs if the price breaks the pattern’s resistance. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. Stop loss orders may be placed either below the handle (~ 57.00 level) or below the cup (~ 54.00 level) depending on the trader’s risk tolerance and market volatility.
BITSTAMP:LTCUSDLong
by Crypto_Talk
8
LitecoinLitecoin isn't for the faint of heart. Currently, it had a nice pop from a major support line and then quickly found resistance and wasn't able to get through it. The Volume is steadily increasing. The MACD has made a cross and moving upwards, if it's able to cross over the midpoint litecoin is confirmed bullish. RSI is right on the 50 level and if it's able to bounce off it then that is a good sign. Momentum has passed the midpoint and shows that the bears are weak and may not be able to stop the price increase. The only thing that worries me is the head and shoulders pattern. If it's a legit one then the falling has not been completed and can keep the freefall going for quite some time. If it's able to get through levels $60-$85 then $130ish is a possibility Risk to Reward 1:7
Long
by DailyCryptoNewz
LTC/USD Next Big Long?!Hello Traders, In this analysis, we want to take a look at the 1-hour chart of LTC/USD (Bittrex) Currently, LTC/USD is in a range between 44.072 and 57.220. But the difference here is that it took the last A high at 57.220 which is suggesting more upside in mid-term. Ideally, it goes to the yellow box where it should end the ab correction, for the next move to the upside. Initial target will be 67.853. We will readjust the forecast when it breaks the low of black B at 44.072. Otherwise, Litecoin should be supported. Hope that helps Cheers
BITTREX:LTCUSDLong
by secrets2trade
9
LTC - Looking bearishLitecoin has been in this channel that is becoming more narrow, which in my view looks bearish. There have also been 3 waves, which have been less powerful each subsequent wave. If BTC manages to fix it's problems, then how much value is Litecoin worth? Even although the real use of bitcoin in real-world applications is still minimal, litecoin usesage is probably much less than bitcoin, even while it has faster transaction speeds. News can always change the direction so this is not a fixed view. If you find it useful, give a like or comment, thank you.
Short
by TheTrex
8