$ltcusd $ltc #ltc #litecoin short play$ltcusd $ltc #ltc #litecoin short play. will this work out? let's find out.
Litecoinshort
Litecoin Bears Are Heading For $130 Litecoin topped at $247.82 and it made a sharp decline which fits for an impulse wave (a) of a zigzag pattern. According to the Elliott Wave principle, a three-wave correction in opposite direction follows every impulse pattern before the price continues in the direction of the impulse move.
That three-wave correction is the short-term rally that took the price to $205.54 in wave (b). Now we expect the price to continue in the direction of the impulse in wave (c).
In a zigzag, wave (c) used to equal in size as wave (a), so targets below $130 area are plausible in wave (c).
What's your view on LTCUSD? Let me know in the comment.
Thanks for reading!
Veejahbee.
LTCBTC SHORT SCALP 2021/02/26Entry 0.003900
SL 0.003959
TP1 0.003879
TP2 0.003862
TP3 0.003847
TP4 0.003829
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Litecoin retracement incoming $100Litecoin is ready for a retracement to $100 & the 61.8 fib before we get our next leg up to $170
Litecoin the Litecoin is a price triangle component. If the triangle breaks above it, it will rise strongly, and if the triangle is broken down, I think it will return to the $ 50 and $ 40 areas when it breaks above. It will be a good opportunity to enter after breaking the upper trend resistance of the triangle …
Stay alert ..
what is your opinion ?
LITECOIN - Intraday Update - 12/03/20 (Short-term)LITECOIN - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
The bearish alt: count.
Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 79.84, before the rally in wave ((3)) begins.
LITECOIN IN A WEDGE|LOCAL SHORT
LTC_USD has reached a confluence of resistance lines
The horizontal level and the wedge resistance.
I expect at least a local pullback
To retest wedge support
If the wedge breaks, it will fall further down.
Short!
Like and subscribe to never miss a new idea!
LITECOIN / U.S. DOLLAR (LTCUSD) DailyDates in the future with the highest probability for price direction reversals
Litecoin to $20-$26 around bitcoin halvingLook like we are going to have a dead cat bounce soon and then go down further from there...
Litecoin Adam & EveLitecoin has had a small pump within the downward channel recently, this may lead to the formation of a bull flag in the blue box, or a retreat and possibility of a falling wedge. The Adam & Eve can be seen to be linked to the pump.
LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
Litecoin 2022Litecoin path to 2022, i know this seems like a long accumulation period but it has been seen in the past and history tends to repeat itself. As a stablecoin, litecoin doesn't provide much utility in comparison to other cryptocurrencies. Also included some fib retracement levels, and some sine time lines.
Litecoin fractal LTCUSDLooking for a bottom, if fib line doesn't hold (it should) continuation of the downward channel will be seen. Still practicing these fractals.
Litecoin bottomed?Wonky inverse H&S pattern followed by bitcoin, possible trend reversal. Still learning these fib retracements so let me know if i'm doing it wrong :) 0.82 regression downtrend, so clear downtrend still (i shouldn't be picking bottoms, but i am). Fibonacci retracement hits 0 at $42. Short term trading target is 0.236 fib line at $48.
Litecoin (LTC) - Still need to waitwaiting to see what happens here, there is a cross up EMA 200 OR crosses down the MA 55 line.
Strong Resistance at Fib 61.80% and EMA 200
Strong Support at Fib 78.60% and MA 55
Litecoin's Elliot Wave Pattern Points Lower In the Short-termTwo months and a half ago, Litecoin was hovering in the vicinity of $147 a coin. The bulls seemed unstoppable after lifting the price by over 560% in six months. Unfortunately, an invisible threat was brewing under the surface.
According to the Wave Principle, a five-wave pattern, called an impulse, indicates the direction of the larger trend. As the Daily chart shows, the Litecoin price rose in a five-wave manner between $22 and $147, suggesting the bulls are still in charge.
On the other hand, before the trend could resume, every impulse is followed by a three-wave correction in the other direction. In Litecoin's case, this should be the part of the recent decline to $74, which is unfolding as a (w)-(x)-(y) double zig-zag retracement. The wave (y) is yet to be completed, so a sell-off in wave c of (y) is expected. Wave c has the potential to move down towards the blue box to test the channel supports and 78.6 fib retracement of the impulse around $52 - $45.
The good news is that once the correction is over, the trend resumes in the direction of the impulsive sequence. If this count is correct, once the short-term corrective move is completed most likely within the blue box on the chart, Litecoin looks ready for another attempt to exceed its 2019 high at $147 area.
Thanks for reading!
LTC to 47 USD : bearish Scenario : a must keep in mind scenariohey guys, in this analysis I'm bringing you litecoin `s bearish scenario just to keep it in mind since 95% of the analysts out there are screaming " moon moon moon "
Since I'm too lazy lol I decided to explain everything on the chart. please take your time to understand my point, thanks in ADVANCE.
Nothing I'm sharing over here is a financial advice.. its all my opinion and you're 100% in control of your assets. PEACE
PS : you can check my youtube channel over here www.youtube.com
LTC - Retrace to $90 USDLitecoin has resolved to the downside from it's symmetrical triangle (as i noted in my prior Litecoin article) and looks to be set to retest the 20 ma support on the weekly, around the $90 USD level.
Note that this point acted as must hold support during the 2017 bull market and i believe could very well do so again, at press time Bitcoin and Litecoin appear to be digesting their respective moves.
This is normal market activity, particularly given the rapid rise over the past few months, but bear in mind that for Litecoin the 20 ma on a weekly chart is must hold support (a close below on the weekly could suggest a steeper and more protracted pullback).
As always, stay disciplined
Litecoin: Do or DieLTC has been moving inside an ascending channel for 7 months and now it’s testing the support.
On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode. Which direction?
Here is something to consider:
Death cross between 50 & 200 EMAs after a tremendous rally. If this is followed by breakdown of the support, that is a very good sell setup .
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates.
The information given is never financial advice. Always do your own research.
Litecoin LTCUSD LONG 1 HR ChartHello to all watching my charts
Litecoin LTCUSD is similar to Bicoin at the moment on a run move long.
THe charts of these pair is much stronger than Ethereum ETHUSD
Both of my trendchannels are showing a long rund
AND the shorttime channel which shows us the next direction at first
is getting up an up, so showing us, that the long trend is very fine.
I do hope you are in a long position
-
-----
Here a additional info for all who ask me to draw other lines..
My channels shown here in the chart are NOT manual line draws from
high to high and low to low.
They are the resulat of a complex mathematical system, which is my personal
trading system, and they have different timeframes have also adjustable
different deviation in % from the actual price as forecast
ALSO they change the forecast ever TICK in Realtime and calculate the channels new.
-------
If you want to support my work and my charts, please like them..
Good trades
Renkotrade
Litecoin LTCUSD LONG in my very shortterm channel#Bitcoin #Ethereum #LTCUSD
Hello to all watching my charts
Nice situation here in Litecoin today
As showed yesterday we have made the move above 118.00
(you remember the arrow and my update ? )
and in the very very shortttime channel we re now in a long situalation
Now everthing depends on whether the support at 114.50
(lower black line) will hold or not.
IF ! it hold "stay long" or "go long" would be to shout
BUT be careful, the timechannel is extremly shorttimed
so the chance that it hold or not is even 50: 50
Will the low support fall, we will be back in short terratorium at once !.
Good trades
If you want to support my chart and my wokr, pleas like them
Renkotrade
LTCBTC BEARISH SETUP
LTCBTC now is situated into an ascending channel where just hit the resistance 0.0185 and now we need to cool off a little.
Stochastic maded a bearcross which means we will going down
RSI is at overbought because is more then 70
I will sell here,and i will re-enter at 0.0148-0.0151 for halvening!. Good luck,i will don t play it on bitmex. At the moment we have a bearish setup
