LTCUSD - 1D Chart AnalysisAfter 5 days in which the market has slowed down, the price of Litecoin started to move sideways movement, between the minimum of 27.95$ and the maximum of 34$.
The RSI is slowly rising from the "oversold" area, the Stochastic has indicated a price increase since the 26th of November while the MACD seems to be close to crossing the Signal line which can be considered a confirmation of the slight uptrend.
If this scenario will get caught off and the price will also go above the Pivot level of 34.10$, the next level where it can have difficulties in moving even higher will be the Resistance Level of 39$.
On the other hand, if the price will fail to cross the Pivot Level, it is possible to see it going back towards the Support Level of 24.74$
Litecoinusdt
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Since so many Bitcoin charts are focusing on the comparison of the 2014/15 bubble with the 2017/2018 bubble, I thought it made sense to take a look at its little brother. So there seems to be an established support/resistance level around $30. This coincides with the top of the previous bubble and the resistance level on the way up in early-mid-mid 2017. No way to say for sure that this will hold, but its a zone to watch in the coming months. A repeat of the 97% drop would put us around $10. I think the $30 level could hold as its cycle seems to be slightly ahead of Bitcoin's and the RSI is nearing the previous lows which occured right at/near the bottom giving way to capitulation. I find it hard to believe you'd dump at $30 if you bought at $370 but some people will.
I have called this a "long strategy" but really this is just a set a reminder for yourself to check the price in January and see if the pattern still exists. This is just an idea, not investment advice. DYOR, and good luck trading!
LTCUSD - 1D Chart AnalysisBased on the market capitalization which has dropped below $200 Billion for the first time in November, we can see again the market having an aggressive movement with Litecoin being one of the coins which are leading the drop.
What can we see now from the technical perspective is the price which has reached the lower standard deviation of the Bollinger Bands registering an "oversold" position, confirmed by the RSI as well and 2 Support Levels which easily have been broken.
But on the other hand, we have no Stochastic crossover yet and also MACD is signaling that the "show" has just begun. Based on these 2 indicators, the decrease of the price has big chances to continue.
At this stage, It's doesn't seem unrealistic to expect a correction coming after this aggressive impulse, even if this one can be represented more by a short term sideways movement but the target price on the long run seem to be 39.39$
LTCUSD - 1D Chart AnalysisSince the 30th of October, the price of Litecoin has registered a growth of 17.98% but it has failed to break the Resistance Level of 57.47$, meaning that another "peak" has been created.
So far, we have a similar situation with the one for Iota, where excepting the MACD which is still indicating that the price may continue to increase, the rest of the indicators are showing the opposite.
Here, the RSI has bounced back from the level of 59, we might see the Stochastic's crossover in the region of 80 very soon and also the trading volumes are decreasing.
With no strong fundamentals, it seems that the price is heading slowly (but steady) towards the Support Level of 53.01$ and has 2 possible scenarios for later on :
* If the price will bounce back from the Support Level of 53.01$, we can consider 57.47$ as a next target price
* If the price will break the Support Level of 53.01$ and it will also go below the 20 days Moving Average, it means that we will assist to a trend change with the next target price at 50.46$
LTC potential drop!!!Hi, there.
I don’t want to scare you but I want to point out something. A guy said to me some days ago my analysis were wrong because only 1 of 11 posts I had published did what I said it was going to do. And it’s true!!! But hey, be patient and let’s see if I was truly wrong, since after some research and trying to know what went wrong, I discovered something. It’s quite scary, but at the same time, it’s good for people that wanted to see LTC at a very low price and buy.
I’ve checked the previous correction of LTC and I saw a similar corrective pattern. The fact is that when I drew the ABC some time ago, I didn’t expect the last pump, that also happened in the previous correction.
That said, and hope I’m not wrong predicting the huge drop, I live you the resemblance and where we are now.
From this point on, it falls down, and it will be some time soon.
LTC DOWN! Inverted cup and handle spotted!Hi, traders. This is just a point of view, but I’ve spotted a big inverted Cup and handle that will make the price of LTC fall down and touch the yellow line you can see below. It’s the line of the downtrend channel.
Hope I’m right so we can see where it goes. However, a lot of variables can affect the price of the coins.
Trade at your own risk. I’m not responsible of your actions.
Have a good day and good trading! ;)
LTC bearish againAfter this unexpected bounce (there was a support, in fact, and that made it bounce), I think LTC is going down again.
I’ve drawn a possible ADX pattern (green and red lines at the bottom of the image), according to the previous moves and this is the shape I believe it will have. So it goes down.
Also, you can see the price is unable to get through the 21-day MA, what could indicate an imminent drop.
I’m not responsible of your actions. This is only an advice.
Trade at your own risk.
Have a great day and good trading. ;)
CAREFUL with bulltrapsLess volume and UP???
I thought I didn’t set the lines properly but now I know what is happening after taking a look at the volume...
It’s a clear BULL TRAP. Basically, it means it will go down soon.
Some people invest a lot of money so that it goes up, and then, people that invest behind to get some profits pump it more. The first ones take their money back with some earnings, and the rest, hold their bags.
So trade at your own risk, but in my opinion, it’s far from touching the bottom.
Don’t get fooledThis is just an idea, not 100% accurate, but I can see Stochastics too high and it has to go down again. That said, I think it will fall down deeper.
When Stochastics go very high and the price doesn’t go that high, it falls down deeper than when it started the pump.
Again, it’s not 100% sure, since this is a market and everything can happen. Even they can pump the price to fool people that think it goes up again.
I’m not responsible for your actions. Trade at your own risk.
Good trading :).
LTC really bearish???It’s just an idea, so don’t trade according to what I think will happen. I’m not responsible of your actions, but if you earn money, I want the 50% of your earnings. ;)
Alright, I can see an ABC downtrend pattern that will dump LTC very deeply. As you can see, there’s been a triangle (in blue) that has been broken after the ABC bounces.
There’s a red channel following the same pattern, but since it’s a channel and not a triangle, it may bounce one more time to complete the ABCD pattern before going down.
Another possibility could be it’s completing the ABCDE pattern, in which case, it would go up again after going to maybe $40 - $50?
Time will tell us.
Trade carefully.
;)
LTC huge correction still to comeIt’s just an idea, but there we go.
I think LTC went too high and has to land again. That said, and after having a look at the power of the coin, I can see LTC going really deep. I think we can even see LTC below $20, since this correction is far from being like other ones.
If you draw channels from the beginning, you’ll see it went too high and now it’s like an aeroplane when it loses power to go further.
Anyways, I’ve drawn possible bounces that, tbh, will be broken again and again even if there’s any reasonable bounce.
LTCUSD (D): The steps to Fibo 1.62 = 580 USDAccording to TA, LTC could develop independently of BTC and go further up. I've waited a long time with this post. The current price developments are still very volatile. Nevertheless, my analyses show that we could see a reversal of the trend. I would therefore like to be one of the first to point out this change in trend. I am long with LTC.
Unlike BTC, LTC has not yet broken down thru the MA200. This is generally a good sign. BTC is currently moving below the MA200. LTC is above.
Here are some facts about LTC: Litecoin is already compatible with Lighting! And therefore it could replace BCH. The development at BCH can still be rated as rather negative. Lightning could be a Game Changer 2018. With this technology in the background, LTC is one of a kind. The distance to the next main competitor DASH will be significantly reduced. Compares the price development of LTC with other coins. You'll find that LTC has lost less. Accordingly, LTC could recover much faster and could rise sharply. The time frame is open. No one can say when we will see the 550 or 900 USD, but it could be fast. Current, we should have reached an important supportline (Percentage Scale a n d Log Scale!). And the supportline was still strong.
Fibo Targets:
0.5 = 200 USD
0.62 = 240 USD
0.78 = 300 USD
1 = 370 USD
1.62 = 580 USD
2.62 = 900 USD
Let's see what happens. Happy trading. :-)