Litecoinusd
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.
Potential Long On LTC/USDT In The New YearI let the paint on the wall speak for me. Please, like, share and follow if you like this idea or drop your chart in the comments thanks again. Adjust your stops accordingly
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year.
The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork.
If we don't hold we will probably test for a double bottom around 23 dollar.
LTCUSD (Weekly Chart) #LTCUSD : (#Bitfinex) Preparing for a breakout, Weekly resistance at $52, if breaks above, then medium term Targets will be $100 & $181. #LiteCoin
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.
LITECOIN BUY SETUP UPDATELITECOIN move up nicely since my last post about. I hpe you enjoy my analysis. Please support the idea by Like, and Follow :)
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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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.
Caution with LTCLitecoin is at a crossroad to either turn back into the formation and double in value, or fail and lose 50% of its value. When evaluating the complete technicals list, LTC is circa 45%/55% slightly biased towards the bearish side. Either way prepare for a considerable value change starting any week now.
I'll be updating this post if mentionable changes occur.
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.
LTC - 24 November 2019 - Nightmare ContinuesMost outperformed coin of the 2019 run!
After the hype of its halvening litecoin just drop day after day.
Our previous LTC analysis is going smoothly...
The bear trend is still continuing and seems like it will last a little more.
Beware of LITECOINS tricky bull traps!
I started laddering my LTC longs. Yes it is risky but there is no risk no reward
Have a great day everyone!
LITECOIN: 900% PROFIT POTENTIAL WAIT FOR BOTTOM.LTCUSDT Will Down Till $22 to $24.
1st Target : $137
2nd Target : $252
After making Double Bottom and Reversal Candle Confirmation we Set this target.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil khan
Litecoin will surprise you allLitecoin broke some major supports and there's not much below now. It may have a weak rally to 52$-55$ following Bitcoin's bounce to 8200, that's where it faces a lot of selling pressure and falls like a dead bird to ...... 26$... 17$... then... 6$ then hopefully, 0.6$, which i still think is quite overpriced for this shitty shit-coin.
LTCUSD hitting the support of triangle | A long opportunityThe priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Regards,
Atif Akbar (moon333)
LTC - Divergence Suggests Possible Bounce Litecoin has been holding above the $44 USD mark over the past few weeks and appears to be displaying a possible bullish divergence in both the RSI and MACD, this suggests that a bounce at least near-term may be in order.
This theory is also supported by the fact that litecoin has edged out of the descending channel it has been bound to recently (dotted white lines).
That being said the price action, moving averages and most every other indicator is saying that litecoin's trend is decidedly bearish, so whilst these divergences in momentum suggest that the downtrend may be weakening, unless a bounce with strong volume can occur, the outlook is still bearish.
Any bounce would most likely try to find it's way to the $50 USD to mid $50's range, but unless it is accompanied by strong relative volume, it may very well be a bull trap within a broader downtrend, on the way to $35 USD.
LTCUSDLTC seems to be at the of a long time elliot wave and may enter a ABC correction wich might take place towards the end of december or even in January. And it should reclimb towards the $80-$100 before another pulldown.
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.
LTCBTC Bullish wave fractalLTCBTC is trading in a downtrend, close to the 0.786 fib line, this could lead to a new bullish wave as previously seen.
PENDING RALLY SHOULD RESUME ON LITECOINLitecoin just completed a leading diagonal pattern in wave (i). Leading diagonal usually points towards the direction of a larger trend.
So a move higher is wave (iii) is so crucial.
Best,
Veejahbee.
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.
