Keeping an eye on Litecoin..Litecoin broke above this descending support line, an important move, but it did so without convincing momentum.
Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet.
It bounced off the 200EMA. Now hovering around the 100EMA.
Litecoin halvening is a few days away but it is generally believed that this is already priced in ('buy the rumour, sell the news').
Keeping an eye on it as a pump is always possible.
Litecoinusd
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state.
This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level.
On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise.
I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)
LTC to 31 USD bearish scenario55 EMA crossing 200 SMA on the DAILY time frame
what we are seeing is a charge in behavior and LTCUSD is probably going down to previous lows ( 30-42 ) IF the following happens : 55 EMA cross 200 SMA followed by the death cross ( 50 EMA crossing 200 EMA )
I know its too early to take this scenario into consideration but its important to keep this in mind and I give it 50.1% chance.
PS: when trading moving averages i put more weight on the EMAs.
LTUSD Litecoin NEUTRAL in Trading range 1 HR Chart#Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
Litecoin similar to other cryptos is catched in a trading range
between Low Support at
87.50
and High Resistance at
96.00
Only after a breakout in 1 direction above resistance or below support
we are able to analyse a clear status.
At the moment its a Neutral Status
No reason to trade here.
Good trades
If you want to support my charts and my work please like the,,,
Renkotrade
62% Increase On Litecoin ComingAfter a generous pullback I would look for a move up to the top of the green box up there and then a sudden pull back. Doesn't have to, but this is what I am looking for. Volume needs to start increasing with demand to continue bullishly. Currently looking at the ascending triangle and also descending broadening wedge, two bullish patterns to push price up. If Bitcoin starts to slow down, expect this move to happen quickly.
Not financial advise, please trade based on your own rules and setups.
Litecoin Buy Signal MONDAY????Litecoin LTCUSD is consolidating nicely on the daily chart at around 99 there is also previous support at this level witch is good. A breakout of the 106 will be my buy signal and the bulls will run!. Also on the MACD we just got a cross witch indicates a swing change and we dont long over bought on the RSI.
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state.
We broke our strong 5 month trend line. But the bounce on the 30 of April proves to be a strong support level as well as being the .618 fib level. (swing low to swing high up trend) Looking at this golden level to be some solid consolidation.
Right now, if LTC can hold the .5 fib level as support, we might be nice for the short term.... If we can break the .382 AND hold as support we might be very looking nice :)
Also i would like to add that a few indicators point out that LTC is oversold and on a possible turn around on the daily chart. The RSI is oversold and hasn't been this low since the start of the bullish trend, the stochastic RSI crossed bullishly getting ready for a momentum move up. Also we found support on the 200 day moving average! Let's hope it will continue as support, and as Bitcoin falls, more money is likely to move into alts. Just my two satoshis !
LTC LITE COIN LOOKS LIKE GOOD BUYLite coin looks like a good buy here we are still low on the RSI on the 12H and the Daily we are having a little bit of consolidation people profit taking after the quick gain today after the 69% pullback. Support is at 76 if this support line fails than cut loses quickly.
Litecoin SHORT But Big Chance of Trendbrake has come in 1 HR #Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
As update to my Chart from few hours ago
Litecoin is really the strongest among all cryptos at the moment.
There is only a small step to go, get over the bridge of 93.20/94.20 USD
Maybe it jumps really above theses resistance zone
and than we are in a long setup again.
Watch out !!
Good trades
If you want to support my work and my charts please like them..
Renkotrade
LTCUSD Litecoin SHORT but Chance of Trendchange Long#Litecoin #Bitcoin # Ethereum
Hello to all watching may charts
After the desaster in crypto currencys of the last days
we do see here a small chance of a new shorttime long trend in
Litecoin which is little bit surpising as Bitcoin itself
f.e. is not such strong here at the moment.
We have seen a higher High, but to confirm
as this crypto is still in my shartchannel capted
i want to see a rebound to the "Long Confirmation" aerea first.
Good trades
If you want to support my work and my charts, pleasew like them...
Renkotrade
An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend)
The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5
Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way.
Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
LTC - Retrace to $90 USDLitecoin has resolved to the downside from it's symmetrical triangle (as i noted in my prior Litecoin article) and looks to be set to retest the 20 ma support on the weekly, around the $90 USD level.
Note that this point acted as must hold support during the 2017 bull market and i believe could very well do so again, at press time Bitcoin and Litecoin appear to be digesting their respective moves.
This is normal market activity, particularly given the rapid rise over the past few months, but bear in mind that for Litecoin the 20 ma on a weekly chart is must hold support (a close below on the weekly could suggest a steeper and more protracted pullback).
As always, stay disciplined
LTCUSD Wait & SeeThe good:
-Weekly trend won’t break without a close below $97.88. Not impossible, but there sure were a lot of buyers when the wick fell off a cliff.
-Still above the 50 MA (my buy/sell line)
-The first two big legs up were profitable and had a 30% pull back between them. This one is sitting at 28%...not irregular by any measure so far.
-Both pull backs stopped at a .5 fib retracement unless we close below $103 this week
The bad:
-The 5 RSI is working on a close below the mid-line unless price turns around in a big way by Sunday
-The daily candle is 15% under the buy/sell line
-The 4h candle is 8% under the buy/sell line
-The 1h candle is back above the buy/sell line but ranging sideways…not a confident rebound
The ugly:
-Bearish divergence between price and momentum on the RSI. That doesn’t scream ‘higher price upon rebound’ to me…but I’m a rule based indicator trader, so I’ll trade what the market gives me.
There’s some fib levels on the right with prices that came from the 2017-18 peak to December trough for everyone who likes price targets instead of indicators.
I’ll go long for a halving pump on the daily chart when I see an upside cross on the 5 RSI and a close above the 50 MA…probably the $120ish range. Until then the momentum appears down even though the weekly chart still has some hope and the 1h chart just leveled out.
And I’ll just leave this here…
cryptodaily.co.uk
LTC ready to bounce here! LTC has dropped considerably recently but it has just broke above resistance and could be set up to rise to previous POC
Waiting for a daily close above this level is recommended for confirmation but it is looking good with OBV making a HL while price continued to make a LL
With the halvening coming up and the NFL news today, LTC isn't looking as bad as everyone says
Litecoin SHORT Chance of Trendchange 1 HR Chart#Litecoin ##Bitcoin #Ethereum #Crypto
Hello to all watching my charts.
Today Litecoin tries to find a bottom at one of my support aereas
(Lower black lines)
but the confirmation is not there at the moment.
We do need a higher high and a jump to the BLUE ARROW AEAREA
Thats important, all other movements of Litecoin is simply
a bounce in the short trend for me.
Good trades
If you want to support my work and my charts, please like them ...
Renkotrade
Litecoin SHORT 1 HR Chart#Litecoin #Bitoin #Ethereum #Crypto
Hello to all watching my charts
Litecoin shows us now really weakness the last
1,2 trading days
Broke the long blacktrendline support (my black line)
and is now middterm and shortterm in a shortchannel-
I have not added in the chart the shortest timeframe
cause ist totally enclosed in the blue lines middletimeframe
Short
I have added 2 support aereas from march/june
at 98 / 100 USD where it seems to be the pair find support now.
But dont mix that up with a long chance
It will change to LONG only after a jump to the aerea
where my BLUE ARROW is
so with a jump above the latest high at 108 USD
Good trades
If zou want to support mz charts and mz work please like them
Renkotrade