LTC late bull?It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt than in Bitcoin. 200% is much more realistic for an altcoin that is $0.05 than 200% on $10,000. But, the sky is the limit.
Disclaimer: Cryptocurrency market is notoriously unstable and are easily influenced by external events. This is no guarantee of a breakout. This analysis is based on past events and indicators. Dates are not predictions, as bull/bear markets seem rather sudden.
Litecoinusd
LTCUSD: Another Ascending Triangle on 4hr Like ETHUSDSimilar to ETH's ascending triangle that developed in past two weeks, Litecoin against USD on the 4hr is in a much cleaner bullish ascending triangle while facing resistance at the 200 MA. The 50&100 MAs have already had a bullish cross, oscillators are looking bullish. Will open a position above $73.25 (above previous swing high) with tight stop loss at $69 for a 2:1 ratio. Horizontal resistance levels around $79-82 with the measured target for the triangle breakout at $82, shown by the golden line.
LTC Bull by Spring 2020The area marked yellow technically prevents the stock from breaking out above the triangle. The distance between 'A' and 'B' is too short, and the rise from the current low to 'B' is too steep proportional to the first run from 2017 to 2018.
While I wouldn't completely rule out a breakout above the triangle, it is highly unlikely! Instead, watch out for a descend to touch the 'support trend line', then a 'partial ascend' until around Nov-Dec 2019, followed by a breakout below the 'support trend line'. Litecoin is currently in a beautifully readable formation and is a 'strong buy' by spring of next year. It has the potential of reaching the all-time high by spring '22.
NOTE: Lines have been connected using the line-chart. This way the highs and lows are averaged and allow for a much preciser evaluation.
LTCUSD very bullish upswing volume confirmation TP 1 : $73.81
TP2: $78.98
STOP @ $63.98
Set your stop-loss @ the red.
Have a wonderful weekend.
-@a1mtarabichi
Disclaimer
Market volatility makes priceaction subject to change at any moment. Hence the emphasis on ALWAYS SET YOUR STOP LOSSES! don't let your greed get the best of you.
#LTC/USDT attempt to exit a bull wedge- breaking and retesting the resistance of the bull wedge
- blue "mirror" level
- feels Fibo levels (min. - $ 23.0, max. - $ 145.0)
- increase in trading volumes
Who is out of position, there are two options:
1) Enter from the current or closer to the resistance of the wedge. Stop under $ 61.40. Profits are indicated by green areas on the chart.
2) Enter after the breakdown / retest of the blue "mirror" level. Stop in that case under $ 63.6. Profits in green.
LTC / USD Cup and Handle Formation???Hello everyone, it has been a while sense my last post. It is good to be back. I was looking at LTC / USD on 1 day chart and see a possible cup handle formation. I think this is supported by the RSI which is currently around 30 and Bollinger bands, where LTC is at the bottom band for a month or so. I expect to see 120-130 in the next couple of months. I think we will be seeing 120-130 after drawing a trend line from the 6th of March in 2018 with a high of $180, to the 24th of January 2019, at a high of $140 and continuing this line into the coming months it shows we will see $120-$130 high.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.
Litecoin - All buy zones were hitHere is your game plan. As of today all of the buy zones I predicted back a month ago have been hit. If you committed a percentage of your capital to the coins I indicated you are in a low-risk high reward situation, CONGRATULATIONS you should be happy about this. NEO is still at a great place (In case you did not buy), NEO will double your money in just a few months It will hit $20.00 - $25.00. LTC is in a really good place and it will go down further so I hope you still have capital left to buy if it hits $57.50 or lower. To be clear all you need to do now is hold until LTC hits stiff resistance at around $140 or $200.00. LTC it has dropped severely since the high of 145.00 and it is yet to go through the death cross which will drive price down further. Again do not sell and just hold, your money is good with LTC and you will see a very nice return in the next few months. If you are still sitting on cash may I suggest BNBUSDT or ETH? Those two coins are very ripe and specially BNB which shall double your money in just a few months.
THE TREND: Going down just a bit more
THE OUTLOOK: Safe to enter but keep cash handy to buy more n case it drops further
Be safe and follow me to stay ahead of the curve.
Does Litecoin Have the Most Upwards Potential?Litecoin is showing a lot of bullish potential so long as it can hold this 61.8 level, which for the time being, seems like the most likely scenario. We can see that Litecoin appears to be consolidating right at this 61.8 level, and with that, building momentum. The 1 day time frame is looking strong on the Macd and we are getting a green bar on the Megalodon timer. If we turn towards our shorter time frame, we can see that we are currently receiving buy signals for Litecoin. This could be a good opportunity to start averaging your way into Litecoin.
The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! Click the link in my bio and try out the megalodon indicators today!
Litecoin / Bitcoin - The Heavens Await ( Long )After the down move we see the reversal and push back up over 0.0075 range.
Small sideways action over the evening but broke out as expected.
Expect larger moves to the up-side while bitcoin comes back to meet the trend line.
Target zone 0.0089 - 0.0095 range.
Target time ( 10 / 15 days )
Look for re-entry zones ( 0.007550 - 0.007680)
Is Litecoin the Best Buy in Large Cap Crypto Right Now?Looking at our 1 day time frame chart, we can see that Litecoin is sitting right about the 61.8 level on the fibonacci. We can also see that the Megalodon indicator is giving us a buy signal on our shorter time frame chart. It is important to keep an eye on Bitcoin to see what the market as a whole will be doing, but it is certainly not a bad time to be buying into Litecoin as it has great upwards potential being at the 61.8 level compared to Bitcoin for example sitting at the 38.2 level.
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LTCUSD formed bullish shark | Upto 39% profit potential ideaPriceline of Litecoin / US Dollar has formed a bullish shark pattern and entered in potential reversal zone.
RSI is also entered in oversold zone.
Volume profile of complete pattern is showing less interest of cryptocurrency trading at this area.
I have defined targets using Fibonacci sequence as below:
Buy between: 79.302 to 71.986
Sell between: 85.858 to 100.529
Regards,
Atif Akbar (moon333)
LTCUSD formed a shark pattern | Upto 25% potential tradePriceline of LiteCoin / US DOLLAR cryptocurrency has formed a complete shark pattern and entered in potential reversal zone.
The RSI is already oversold.
I have defined the sell targets using Fibonacci sequence plz find below:
Buy between: 85.330 to 81.050
Sell between: 91.005 to 101.533
Regards,
Atif Akbar (moon333)
LTCUSD Squat & HoldAfternoon everyone. Bottom line – I’m very bullish on LTC and have a long-term position that I’ve been building since early 2017. But…this is called TradingView, not InvestingView, so here’s what I’m looking at.
- The halving came and went without much drama. It was priced in over a month early in keeping with historical performance. Notable is that Charlie Lee said in an interview that the price run up is just traders front-running one another, which creates a self-fulfilling prophecy of the halving pump. Keep that in mind since we have the BTC halving coming up.
- I’m not super read in on the inner working of mining, but the block reward halving reduces the monetary incentive to mine at these prices. A percent of miners will switch to something else. The difficulty algo lags in adjustment. Looks to be reflected in price.
- The blowoff top in June corrected to the .618 fib as drawn from the breakout in February. I don’t give this much weight since I have yet to read a rulebook for drawing fibs, but it’s notable that it stopped there.
- .618 fib happened to have correlated with the 200 SMA at the time. Look where price is heading now.
- 5RSI is on the bottom half = bearish
- MACD fast average looks like it wants to cross the slow to the downside = bearish
Cool points to make…now let’s add the human part.
Price was a shit show during the last LTC halving since it was so new, so not many clues there other than to point out that there was a solid floor under it when it settled down. Then it took a couple years to gain some traction, and its yuuuuge rise came in a very short period. Sort of like silver does with gold. That tells me that the big profit portion of its bull market will be very difficult to get into on the front end with indicators, so being in position with a long-term eye is the best bet.
The 200 SMA or the .618 fib level look to be reasonable spots to establish such a position if you don’t have one already. If it drops more than 1.5x ATR below either of those, maybe it’s not such a great time to be buying LTC unless you absolutely don’t need the money and there isn’t a better trade (like silver).
If you must trade this…and I must, at some point, since I’m still allergic to money, I think reclaiming the 50 SMA will be key. Notice the 2JAN candle when price broke above it and the 8FEB candle when it took off. About a 300% gain if you followed the 50 SMA with a 1x ATR stop. The 50 SMA will have to level out and maybe point upward a bit for that to happen again, so don’t hold your breath for it given the current downward slope.
Keep in mind that the lower it goes, the more committed some people will be. Then it’ll hit the bottom, and they’ll sell there. That’s how bottoms are found. Don’t be that person. Try to be the one to buy it from them. If you see a massive capitulation that makes you think LTC is a dead project, that’s when you buy for value. Submitting the order should make you a little sick to your stomach.
So, there it is. Sit and wait. Could’ve done that without reading this, but hopefully this will sway you from over-committing funds before the downside runs out and not miss the buy-in when it presents itself. Good luck.
Time to Bail on LTC?We are receiving sell signals for Litecoin on the shorter time frame chart! May be time to take short profits. If we look at our daily chart, the MacD for Litecoin just had an EMA switch to bearish. This is no time to be buying, but if we look at the last bottom at 77.54 it is entirely possible that we may see a double bottom come in there, and if this happens, this may be a good support level to buy back into Litecoin.
The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! So try it today!!!
LTCUSD - Situation before and after halving 2019After the previous halving of Litecoin’s block reward in 2015, its price increased by 400%. Should we expect a similar effect now?
On August 5, a block reward halving occurred in the Litecoin network on block 1680000, as a result of which the miners' remuneration halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block.
Litecoin is one of the earliest forks of Bitcoin, which has undergone through its second halving process, wherein at the block height of 1,680,001 broadcasted by the Antpool, the block mining rewards have been effectively reduced from 25 LTC to 12.5 LTC. Putting other things constant, the miners with older models like f2pool are about to face losses. The Litecoin price increased by around 13% in the last 24 hours before halving.
In order to understand a particular set of things that dictate how much of Litecoin would be released, and how and when the supply is reduced over time, leading to a phase where no new Litecoins will be released. Some experts believe that the reduction in the miners' remuneration, as during the previous halving, will force the price of the fourth cryptocurrency capitalization to rise upwards to new heights.