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Litecoinusd

Litecoin (LTCUSD) WEDGE CORRECTIONFollowing is my analysis for Litecoin (LTCUSD) using wave theory & Fibonacci measurements: 1) On Apr 16th, Litecoin (LTCUSD) touched its all-time high $335 2) The market went into a correction mode after a 4-month uptrend taking the price from $77 to $335 3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming ( A-B-C-D-E ) 3-3-3-3-3 waves inside the diagonal triangle shown in light GREY A-B-C correction waves 4) I believe the next wave is the last leg of the wave E in the diagonal triangle 5) There are 3 confirmation points that need to be taken here 5.1) Confirmation 1 - Bounce confirmation of Wave E shown in the diagram 5.2) Confirmation 2 - Price breakout from the diagonal triangle, shown in the picture 5.3) Confirmation 3 - Once it breaks out of the channel it usually retraces back before going LONG I believe these are some of the main confirmations that we need to take before taking LONG positions for Litecoin (LTCUSD) Information is for educational purposes ONLY, appreciate everyone's feedback !!!
BITFINEX:LTCUSD
by JAN360
3
LTCUSD (Litecoin/ USD) here we have LiteCoin the 4th most popular coin on coinbase (COIN). this is showing a regression in price. cryptos are acting like stocks at the moment and just going up with no rest. I am not a big crypto person, as I have similar views as the SEC does and think they are an asset instead of a currency and some of the coins offer an interest rate for holding them which i think is a "stake of proof" setup. either way here we have a bearish butterfly pattern that just completed and the AMP RSI is in a very minor divergence. so i would expect to see some drop in price and if you wanted to enter after the pattern is complete then buy at the 618 of this pattern as this will be the bargain price. i know lots of inexperienced traders just hop into an asset without regard to price but if the asset is up 20% would you rather be up 18-19% with it or 10%? i hope this finds some traders well.
COINBASE:LTCUSDShort
by ARegularGuy
1
Litecoin, LTC - only in that case we'll grow...Litecoin looks not so bad as other coins. Price formed a clear local line. Only in the case, when LTC starts squeezing, I'll wait for a breakout and further growth. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
17
Litecoin $LTCUSD Long Term Target PTs 350-600 and higherLTC/USDT Litecoin (LTC) flipped the breakout level at $246.96 into support on April 11 and 12. This reignited buying from the bulls and the altcoin resumed its uptrend on April 13. The next target objective to watch on the upside is $307.42. The 20-day EMA ($227) is rising and the RSI is close to the overbought territory, suggesting the bulls are in command. However, the long-legged Doji candlestick pattern today shows indecision among the bulls and the bears. If the price slips below $255, the LTC/USDT pair could drop to the $239 to $246.96 support zone. A strong rebound off this zone will suggest the bulls are accumulating on dips while a break below it could drag the price down to the 20-day EMA.
BINANCE:LTCUSDLong
by UnknownUnicorn19246015
1
LTCUSD $312 Next LONG TargetQuick update on the price of Litecoin looking at the 4-hour time frame we can see that LTC just recently regained the $262 weekly level that hasn't been hit since early 2018 after the 2017 ATH around $380. It is obvious now that Litecoin is in a bullish swing upwards and I believe that this run is going to continue all the way up to $312 and beyond. Longer Term Targets TP1 🎯$312 Expect some decent consolidation around the $262 weekly level, fractally, this level is very important and will take a little bit of time before it moves up.
KRAKEN:LTCUSDLong
by kyer
3
LTC Bullish Trend - Possible 295 USDTSince March 31st, Litecoin has had a reoccurring sequence of an ascending broadening wedge (bearish), followed by a downtrend to support level, then succeeded by a sideways channel between support and resistance levels which plays out for 2-4 days. This sequence has appeared 2 times since March 31st and is forming again with current price levels. Currently, the price is forming the sideways pattern after breaking down from the ascending broadening wedge back down to support. Therefore, for the next couple of days, Litecoin can be expected to fluctuate in a sideways manner between 245USDT (support) and 260USDT (resistance). If it breaks the resistance of 260USDT, another ascending broadening wedge should occur. Based on the magnitude of previous ascending broadening wedges, the mean percentage increase is approximately 17.79 percent. Therefore, the next ascending broadening wedge should increase the price by around 46USDT, forming a new price level of around 306USDT. However, 300USDT is a massive psychological resistance, and therefore I would take profits at 295USDT to 300USDT. Right now, the MACD and Stochastic RSI are showing bullish crosses, which indicate the price should increase within the support and resistance levels in the short term. The RSI is at a neutral level of around 50, meaning the coin is neither overbought nor oversold. Entry points: If you are an aggressive trader, a good buy point would be between 240-250USDT. This is high risk and high reward as LTC can fail to break resistance and fall past support. If you are a conservative trader, a power play would be to buy the retest once it breaks the 260USDT resistance. Therefore, a good buy level would be a retest at 260USDT. *Edit: The resistance level is simply the highest peak in the graph within this month and the support level is the previous peak as created by the previous ascending broadening wedge.
KRAKEN:LTCUSDLong
by rainyang
1