Litecoinusd
Litecoin (LTCUSD) Market Outlook | Daily Crypto Market BreakdownLitecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.
LTCUSD - Broadening Bottom (Megaphone) Pattern - Target $75 Price Target: B - D line (Approx $73)
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
www.tradingview.com
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com
LTCUSD formed bullish Shark | Upto 38% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 49.082 to 44.959
Sell between: 53.285 to 62.083
Regards,
Atif Akbar (moon333)
LTCUSD formed bullish Shark | Upto 14.5% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.53 to 55.66
Sell between: 59.68 to 63.94
Regards,
Atif Akbar (moon333)
100% Return potential in Litecoin?Did we finish the final leg down in LTC with a flash drop, breaking support around $56 was crucial and we saw immediate downwards action!
The lowest point , for now, is @ $53.89 - any price below is a bargain IMO.
Targets in the upper region around $106 - $122.
Let's have some FUN :)
*** - This information is not a recommendation to buy or sell, It is to be used for educational purposes only - ***
Is Litecoin REALLY About to Go on A Bull Run?Hello Traders,
I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below).
From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin just had a pre halving pump very similar to the July 2015 pre halving pump. Price in 2015 took about 55 days to retrace to the 0.786 fib level and then it went sideways and up. Today the price took 123 days to retrace to the 0.786 fib level which has been supported by the bulls with a wick and a bounce.
On the weekly chart there has been bullish divergence on the RSI and price is currently hugging the weekly 200 MA.
From an EW perspective things are actually looking pretty normal and it would seem a sensible conclusion that price will go up here.
Following up on my previous analysisLast time I made a post on LTC was at $55 and I projected to hit $60 - $62 easily in the close future. We are now in the future and seeing that my analysis was perfect calling this trade weeks ago. Having opened a position here which I gave a signal for in my TG channel I am now closing this trade.
H1 scalping trade on LitecoinHi, Traders ! Monfex is on the air !
Litecoin is about to take a Long shot in the direction of H4 ascending trend-line.
* Litecoin had failed in an attempt to break above the H4 trend-line, spiking at $66 - just below our projected target:
* Increased volatility on large volume hustled the price away, towards the Daily Support of $60.
* Around the Daily Support, H1 candles have shaped out the reversal pattern and the price now seems to be sliding North.
* With the upcoming rebound, the H4 trend-line could be retested, so we are considering going Long with the target of $65.
Scalp trade signal
Buy @ $60 - $62.
Target: $65.
Stop-loss: $59.80.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Litecoin is ready to go Long after a PullbackHi, Traders ! Monfex is on the air !
Litecoin stepped down to test from above the $60 broken high of the 9th of October.
* Litecoin (LTC) has been demonstrating a poor price dynamic over the past few months, compared to the rest of the market.
* But the Bulls have become active in the end of October, after breaking above most of the daily resistances.
* LTC is now trading for around $60, in a slight pullback from $64 and below the ascending short-term trend-line. The recent high of $64 is now stands as a resistance.
* The price action, which is forming up on H4 Chart, shows a strong bullish presence at this level and suggests the price could reverse upwards from here.
Active trade signal
Buy @ $60.
Target: $70.
Stop-loss: $58.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD 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 62.
Take Profits:
TP1= @ 80.35
TP2= @ 131.60
TP3= @ 143.75
SL= Break below S2
Litecoin Intraday Leader !Hello, Traders!
Monfex is at your service and today we overview LTC/USD .
The Litecoin team discussed the prospects for cryptocurrency after increasing privacy through the introduction of MimbleWimble technology. Despite all the risks, the creator of LTC Charlie Lee is still ready to finance the work.
Litecoin brokeout the triangle, tested the ex-resistance line and start to growing.
If ascending movement by LTC will continue next several days it has a chance to break the resistance zone and reach the target of $72.3 .
Active Trade Signal by LTC/USD
Take profit near the resistance zone ~ $62.85-64.4
Buy near the local support zone ~ $59.5
Stop loss at $57.18
Market Cap
$3 842 898 575 USD
Volume (24h)
$3 527 805 636 USD
Circulating Supply
63 605 671 LTC
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.