LTC monthly lows are in BUY it BIG to make $$$$$$MartyBoots here , I have been a trader for 13 years
Watch the video you will be happy you did
Litecoinusd
ridethepig | LTC Market Commentary 2020.01.31LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows.
In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x.
The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows:
Good luck all those buying dips in LTC and BTC. As usual thanks for keeping your support coming with likes, comments, and etc!
LTC - A lot of potential upside!I like charts like this LTC chart here. It gives a high probability that if we move in a certain direction that we will continue to do so.
If we take the last percentage that LTC went up by and apply that to the next run, we get a hefty move all the way up to almost the $250 area. Maybe that will happen, but a significant resistance point is at $200 where I think we will get a pullback or at least stall at that area.
Weekly MACD = Crossed.
Weekly RSI = Created a higher low and is moving up
The overall chart created a higher low
happy Hodling,
-Sherem
Litecoin surging againI came up with this idea last week, LTC didn't break the first support line. On 4 hour chart, RSI oversold signal will shortly make sell pressure, which may slow down the price surge for a few days.
However, this looks very good right now and I will post the next update in a few days.
Litecoin - $LTC - Middle-term - Accumulate and HOLD!Lots of alts are getting close to the end of their subcycles. And so does $LTC
We still a need move down with bullish divergences but we're really close...
$79 is a potential target when we turn back up.
PS: Losing 50.63 will invalidate the count.
#LITECOIN #CRYPTO
#LTCUSD#LITECOIN, Support with potentialThe LTC has a negative momentum like the other currencies over the past two days.
The LTCUSD is currently on the $ 56 support line as you can see in the graph above.
Stochastic in the area you want to buy.
RSI is already at 35 which is usually indicative of a trend change.
Target: $ 63
The Awkward Head And Shoulders PatternMany top alt coins have formed an awkward head and shoulders pattern, this may lead to further downsides if the EMA level breaks. However it looks as if the H&S has completed.
LTC Breakout PendingLitecoin should jump up nice here in the upcoming bull market emerging in the crypto space - as soon as we break above 7k sats - expect a nice healthy run over the next few weeks to retest 9k sats.
We probably won't break it on the first run but it will be a nice confirmation that we are indeed in ALT SEASON!
If you want to watch the live technical analysis just click the link in the signature!
Peace & Love -
BK
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 Rally 2020 ON!Litecoin LTCUSD has been on a tear for the past weeks. Story follows big brother Bitcoin and other Cryptocurrency.
See related published idea...
January Litecoin Price PredictionPrimeXBT has investigated the markets and found some relevant data about LTC/USD that we would like to share with you.
Litecoin bulls could push the digital asset towards the upper boundary of the small ascending channel, with a breakthrough the resistance line of the falling wedge being a historically bullish reversal formation. Also, the price hit its main resistance level of $52, but it needs some further time to close above it.
On the other hand, a break below the $48 support level could provoke an even deeper decline towards the $40-36 support zone.
Major crypto assets such as Litecoin, Ethereum, Ripple, EOS were long overdue to see some relief rallies or recovery from their low support levels. Whether the recent upside movement of the crypto market is the start of a proper "Altseason" or merely a strong reaction to testing low supports still remains to be seen.
Historical data indicates that it is too early to determine that an "Altseason" is beginning, and with most assets being down so significantly against their BTC trading pairs, it is difficult to consider whether their recent upsurge was large enough to position the market for a potential rally.
Resistance Target Zones: $62.2 - 64.4, 78 - 80
Support Levels: $50, 48, 43.8, 38, 36
Market Cap: $2 974 833 840 USD
Volume (24h): $3 629 057 746 USD
Circulating Supply: 63 807 394 LTC
PrimeXBT only offers you the most valuable analysis each day.
Keep an eye out for more PrimeXBT trading signals for other assets.
LTCUSD Higher LowLong term higher low, currently sitting on EMA, this could cause the formation of yet another bull flag, leading to more upsides
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 64.15
TP2= @ 79.15
TP3= @ 99.30
SL= Break below S2
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 64.15
TP2= @ 79.15
TP3= @ 99.30
SL= Break below S2
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD .
According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture.
Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38.
Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level.
Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels.
If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying.
Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal.
Resistance Zone: $45 - $50
Support Level: $40, $38, $36
Market Cap: $2 974 833 840 USD
Volume (24h): $3 629 057 746 USD
Circulating Supply: 63 807 394 LTC
The best way to get consistent quality analysis is to follow us.
As always, be careful, and don't forget about capital & risk management.
Litecoin short IdeaDear friends,
It seems that Litecoin is follow his downtrend on the daily chart as we can see.
As we can see, he did not have strength enough to cross his long term downtrend channel and now it looks like is doing a small flag.
Base on it we recommend to sell at the Key level.
Best regards, Sandro and Gustavo.
LTC|USD - Head And Sholders PatternGreetings. Please leave a Like if you like the idea
Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position.
- The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support.
The position should be taken only when price close above the Neckline what will confirm the pattern to work.
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
LTCBTC MirrorLTC is mirroring its previous downward movement trend, will it mirror its upward movement? Im not sure, but I believe the movement upward this time will be faster and more rapid to break or test this current trend. Tightening of Bollinger bands will see volatility increase with time.
Included fibonacci retracement and a comparison to LTCUSD.
LTCUSD formed bullish Shark | A good long opportunityPriceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $42.25 to $41.84
Sell between: $42.67 to $43.55
So this very short term 2 hr based chart trade is a good long opportunity for Lite Coin's day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
