LTCUSD formed bullish BAT | Upto 42% MoveHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Litecoin. The Priceline of LTC has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.
Let’s have a look on the LTC move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 100 simple moving average in PRZ level that can be a strong support to push the price action up to 42%.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $57.85 to $54.63
Sell between: $65.99 to $78.08
Stop Loss:
The potential reversal zone area which is up to $54.63 can be used as stop loss in case of complete candle stick closes below this level.
Litecoinusd
LTC/USD ANALYSIS (THE FALL CONTINUES)LTC/USD is very likely to continue dropping as we are seeing a bearish correction in place. LTC has crashed under 50MA, and 200MA is next. Short sell targets I expect to see $61, and $59 incoming in the coming weekend/week. I do expect a turn around once LTC does enter the yellow entry box. This is positioned for a long opportunity at 58-60$. RSI daily is rapidly decreasing and stoch flipped bearish again after attempting to cover a neutral ground. This does not look good short term. Long term, There will be a re-attempt of the local high. It will take some time to play out though, giving the take profit long term targets of $69.40, T2 of $75.60, and T3 of $81.40. Again, patience here is key!! Right now LTC is in free-fall and in no position to rush into a long. The short option is down to $59! Following this, look for entries staggered near 59.
Possible Long Entries: $59
LTC/BTCHi friends, I want to show a very strong bullish signal in Daily chart for Litecoin. I think you are familiar with such a definition as the Golden Cross.
Golden Cross - If a 50-day moving average crosses a 200-day moving average, this is a sign of an emerging bullish trend.
Many traders often use the intersection of moving averages (MA) in their practice as a signal to enter a trade. Such an intersection is called the Golden Cross.
However, moving averages have one very bad property - they are late for the price. It happens that the movement is already ending, and moving averages only intersect.
In General, the market looks very good and I expect the movement to continue, especially for those coins that are in the top 30 by capitalization, why these coins, everything is simple for a big player it is possible to invest a relatively large capital in coins with a live market, with a large capitalization, good trading volume, where there are many players. And if you have seen my previous analyse, I said that Litecoin will fly.
I see more potential for growth, especially since the Golden cross is coming soon.
Is wave 4 over yet?First time publishing!
Looking on the daily chart here, I believe we have a pretty clear 1,2,3,4,5 wave setup going on.
My thoughts are we could see one more down move for Litecoin to the .618 fib level ~$65.65 then a wave 5 up. My targets are $100-$105 for wave 5's top.
Observations:
Daily RSI still has room to drop
Daily MACD crossed over and the histogram is building to the red
Wave 4 appears to be in "B" wave of ABC correction at the moment
Welcoming any feedback on these thoughts.
Not trading or financial advice.
Litecoin Descending Scallop!Litecoin has formed a descending scallop on the daily chart, this is quite early in the formation but it looks to be forming it. Currently sitting in a weak regression uptrend, using this as a reference, it will most likely be broken. As said on chart any area here is good for a long entry. Still very cheap in retrospect.
MY read to 4H LTCUSD chart! interesting pointhello again, this is my read to the 4 hour chart as you can see we are upwards trending on a paralleled channel which is a bearish pattern and usually breaks to the Downside. Definitely something to keep in mind! please let me know what you guys think about my analysis! and feel free to comment your opinion in the comments below.
I am not a financial adviser and this is not a financial advice! my analysis are for educational purposes only.
ridethepig | LTC Market Commentary 2020.02.12LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin.
I really think any move lower is unjustified and the strong liquidity injection will see LTCUSD a lot higher once we clear the coronavirus flows.
Don't forget to keep the likes, charts and comments coming!
Litecoin 4H AnalysisLitecoin has presented multiple chart patterns on the 4H chart including a rounded top reversal, a bullish triangle, and currently is sitting within a WIDE broadening wedge. With higher lows present this could lead to a bounce for the coin at the 50MA level. If not a breakdown to 200MA on 4H is expected.
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below!
let me know if you guys agree with my analysis or not! Cheers
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Not a Financial Advice.
LTC Litecoin's rally is reaching an End and $66 is the target!hello guys. as you can see Litecoin is on its last wave up Endig 5th wave diagonal! RSI SHOWS extreme exhaustion on price action by developing a there drive Mega bearish divergence which is likely to play out in the coming days to weeks! so this is a moment to be cautious on the market is anything can happen. at any moment and you need to be prepared.
cheers
LTC/USD due for a pullbackIn this chart, we can see the ascending channel that LTC/USD has established since December 18th, 2019. There's still a long way to fall before the pattern is broke, which I believe is unlikely.
However, the RSI has fallen below 40, even though LTC is clearly not oversold, as it's forming a short-term top. The RSI should be much higher. This kind of divergence between RSI and price action likely indicates a short-term trend reversal, meaning LTC could fall to $60 or lower before resuming its present rally.
The current uptrend can't be denied and isn't likely to reverse. But traders are likely to continue taking profits after this 5-week long bull run.
Litecoin:USD inverse head and shoulder breakoutHello All,
This is an exciting one, as litecoin has broken out of its inverse head and shoulder, here we can clearly see that the right shoulder is very small compared to the left shoulder which is a really bullish sign. The price objective of the inverse head and shoulder pattern is approximately 90, and, although, we are up against a small section of resistance, it looks like the pennant will break upwards and through the resistance.
As for the RSI, there is nothing to worry about there because there was a recent break out and it could be in the over bought region for extended periods of time.
Best of Luck and stay technical!
Previous analysis:
Current LTC:BTC Analysis: