Get started

Litecoinforecast

Litecoin is Trading in a Tight RangeThe LTC/USD pair continue fell down since the its halving in late August. The coin has lost nearly half of its value since that time. Moreover, Litecoin’s hash rate has decreased by almost 70% since the halving, which means that miners are not so happy and motivated to support the network. At the time of writing, Litecoin was down by 0.85% for the last 24 hours. Price action on the daily chart is narrowing within a bearish pennant structure. At the same time RSI indicator (36) is near to its oversold zone. The pair also is limited by the middle line of the daily Bollinger Bands around $46.85. Once it is out of the way and the price break the upper line of the pennant, the upside momentum is likely to gain traction with the next focus on $50.64. There is the upper boundary of the recent consolidation range (also psychological area). It is followed by the upper line of the daily Bollinger Bands at $51.74. Critical weekly support should be noted at the $45-44 region. And failure to hold could invite another wave of selling. In that event the bears should send the price towards $43.70. This barrier is created by the lower boundary of the above-said pennant. A clear break there will send the price for testing December low at $42.78. Once it is broken, the lower line of the consolidation channel of $41.04 will come into view.
BINANCE:LTCUSD
by ForexTrendline
Litecoin struggle to stay above $60 LevelsLitecoin fell by 3.02% on Monday. Following on from a 0.55% slide yesterday, the sixth-largest digital asset has been moving sideways recently. But the bullish trend stays intact as long as the price is above $60.00. On the intraday level, LTC/USD is seems ready to re-test the lower line of 4-hour Bollinger Bands ($60). A sustainable move below this handle will increase the bearish pressure and push the price towards Tuesday’s low at $59.48. The nearest resistance awaits the coin on approach to $61.40 with 1-hour 100 SMA located there. However, Litecoin would need the support of the broader market to break out from Tuesday’s high $63.06. The H4 MACD shows that right now the bears are gaining traction. And with the support trend line already broken we can see the bearish momentum to extend with a short term target at $58. But the zone between $46 – $50 remains the key support area and should be able to defend against acute selling pressure. From the longer-term technical perspective, a strong resistance is created by a combination of 50-day SMA (around $66) and the upper line of the daily Bollinger Bands at $64.45. Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $70.00 level. How do you think - will the sellers be stopped around $58 and the bullish trend will resume?
BINANCE:LTCUSD
by ForexTrendline
LTCUSD forming bullish cypher | A good long opportunity aheadAfter forming Shark pattern now th priceline of Litecoin / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets Buy between: 55.78 to 54.57 Sell between: 56.74 to 59.03 Regards, Atif Akbar (moon333)
COINBASE:LTCUSDLong
by moon333
LTCUSD Litecoin SHORT 1 HR Bad Day for CrytosHello to all watching my charts. LTCUSD is in Short mode like ETHUSD also. Here in LTC Litecoin its in addition a broken trendline which has been last from 17.10.2019 till now and Litecoin have been sitting up and jumped up from that line at least minimum 5 times. If such an important Long trendline is broken there is something change big coming in short , thats my oppinnion. If you want to know more about my trading style please send my a mail. Good trades Renkotrade
BITSTAMP:LTCUSDShort
by Renkotrade
litecoin (LTCUSD)-667% Profit Expected-Get Ready for 6x-7x GainsLITECOIN (LTC) - LTCUSD -667% Profit Expected-Technical Analysis Get Ready for 6x-7x Gains ... Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. TextTarget Profit Range - 53 - 165 (89%-667% Profit Expected) TP - 1 - 53 TP - 2 - 71 TP - 3 - 94 TP - 4 - 120 TP - 5 - 143 TP - 6 - 165 Buying Zone! Long Position Early Entry Trigger Point - $25 -$31 Ideal Entry Trigger Point - $18 - $24 Adjust your Stop Loss according to your lot size, account equity, strategy & money management. ***If you want to get in this trade from this point 54.10 you can still make 31.2% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
POLONIEX:LTCUSDLong
by Jaffery
2
Litecoin and other Alts - To the moon?Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it printed. Yet another thing to note for Litecoin is that the 20EMA has proven to be resistance, let's wait and see if it even makes above this moving average. Keep in mind that BTC rules this entire universe so we have to see what Bitcoin is doing to get an idea what to expect for all other Alts. For BTC it will be very tough to go over the resistance points that it faces. So if BTC does not go over its resistance, neither will all other alts. Take a look at the chart below. Bitcoin price is now coming up to the 200MA which is going to be reinforced by the 20MA. Volume needs to be higher or price will drop very soon. Let's take a look at where volume comes from in the chart after this one. www.tradingview.com Ok, this is where volume in crypto is generated, if money comes in here than you will see it reflected in BTC and all other alts. For now the norm has been between 200 to 214 billion dollars. If you see it go higher than 214 billion that means we are going to see a large volume spike, and if you see it go lower than 200b we may see a serious drop. The next important thing is that once money comes into crypto where does it go and how does it get distributed? In the chart below you can see that there has been a drop in BTC's dominance hence the spike in price by some alts. The lower the number on the chart the higher in price alts will be, take a look, right now we are at 69% and if we drop to let's say 50%, that will be great for Alts, the price will spike very high in that case. Wisdom In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going down THE OUTLOOK: Safe to buy a small percentage on the pullback. Be safe and follow me to make money and stay ahead of the curve. Xena Exchange Resident xena.exchange
Long
by cryptoGats
6
LTCUSD formed a bull Shark | Another buying opportunityAfter completing the bullish BAT pattern now the price action of Litecoin / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this area. MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy. I have used Fibonacci sequence to set the targets: Buy between: 54.06 to 53.12 Sell between: 54.88 to 56.74 Regards, Atif Akbar (moon333)
COINBASE:LTCUSDLong
by moon333
Litecoin Technical Analysis 10/1/2019 LTC/USD Technical analysis. First day of Q4. Price seems to have finally slowed down near the $55 range after a harsh move down in the last week of September. Looking for more confirmation before entering any more positions. Very neutral for the time being. However, I think if price breaks $60, we could test the $66-$72 range rather quickly, but if price breaks $50 we will see a sharp move down possibly all the way near $34. Long term I am still personally very bullish on this coin and have been stacking positions all year.
COINBASE:LTCUSD
by LemkeCapital