LTC Big Move Coming??!looking at the Litecoin BTC chart and you notice a lot of price action against this downtrend support/resistance, we are currently right on this resistance and we seem to be slipping below this level, now i think we could see a potential drop in sats, we gotta be careful treading along the bottom of the bollinger bands, this could very well induce a pullback if we continue to ride the bottom. Something you notice on the bollinger bands is that we are beginning to squeeze which means volatility is shrinking and we could be in for a big run, now the only problem is that we don't get an idea of which direction, personally i think we will see the move to the upside just based on the fact that the market is waking up again and getting back into bullish mode. Looking at the pivot points we definitely have some work to do, we need to get up and above this bullish pivot point where we could get an overall trend reversal because its clear we are stuck in a downtrend since late May. Checking out the MACD we are looking a little bearish, we are coming up soon on what looks like a bearish cross unless we see an unlikely bounce, our histogram is getting close to that midpoint where we could soon see some red bars, i think this will likely be a short term pullback if we see one and then i imagine we will see LTC start to wake up a bit, very key is first of all reaching that pivot point and staying above that and also not getting stuck under this downtrend resistance! Not financial advice just my opinion!
Ltcbtcforecast
$LTC - Flip 3600 sats and we will finally smash ATH's on $ pairLTC is mega bullish rn
Dollar pair has a bullish pennant very close to breaking
BTC pair has almost hit all time lows, with a reversal pending
Could also argue major bulldivs on the 1W TF here
If we claim that thick black line, around 3600 sats, we should flip the trendline and add extra fuel to the dollar pair to send it past $300
As-long as BTC can continue ranging and not dump this should play out!
Litecoin - The Beast Will AwakenMuch like we discussed with XRP, Litecoin is also a sleeping giant that is about to awaken as alt season rages on. Litecoin has been forming this falling wedge for over 2 years and has reached a technical level that has served as support in the past. This is a good entry point before we see a potential breakout, and sure towards resistance levels above.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
LTCBTC, THE SILVER BULL RUNDear Gamblers,
There's not much to say on this one. To me is pretty clear.
I've left my other huge investment in BNBBTC to just focus in this one.
I've bought at 0.00433 LTC/BTC and I'm planning to hold it some months other coins are also on the move (ETH, ZEC...) but I specially like LTC because nobody is paying attention to it, that's for me the best set up ever imagined in the top 10 altcoin's world. The problem with this coins is that the pump happens so fast that you do not have time to react so better to buy and hold for a while.
Be aware I told you so.
Please do not take this as financial advise as I am not financial advisor. I just like to post in here to brag after.
Good luck my fellow gamblers,
Kind regards,
BeniGo
$LTC - to grow faster than its big brother soon?Here, similar to the ETH chart but a bit, we are in the bottom range, and very bottom of that range
If we start reclaiming these range line/SR's we should be able to push on in the higher range, and the weekly chart setup I posted a month ago or so might finally play out.
$LTC is essentially a better version of $BTC in terms of transaction speed, fees etc. but not the face of crypto and so not been as good a return for investments
I think its time will come though, and soon. Lets see...
LTCBTC SHORT ELLIOT WAVE WITH DETAILED ANALYSISDESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some time.
I thought I should go over some fundamentals and explain what & how the market moves in the way it does (whether bearish bullish parabolic or death spiraling) there are certain fractals that remain constant & these are used by institutional investors; later adopted into crypto trading (albeit different rules: much more volatile, much looser regulations, and ofc--- 24/7/365 open markets.)
So many of you may be new or even those that have been around for a while are all aware of the terms "support" "resistance" "pivot" I'm sure you've heard it many times.
Hell for you amateurs (those that aren't new, but haven't been doing this long enough: i.e. the 3month - 12 month traders) a.k.a. the most dangerous motherfuckers in the community as they are the ones most inclined to spread (and fall for) #FOMO / #FUD, but I digress.
R2S1 IS a key resistance . You are familiar with these, even if you're not sure what i'm talking about.
Here's a clue: $BTCUSD: do these prices mean anything to you? $6200 / $8000 / $9180 / $10.6k / $11.2k etc.
That's right; jog your memory? It's got nothing to do with unlocking doors or secret figures. It's simple consumer confidence & fundamental candlesetick anlaysis based on oversold/undersold markets & have been serving as signals for chart analysts on WallSt since the 1930's.
IF you guys appreciate my publications, the extra time I put into them with opeds / analysis / information which is time consuming and a thankless gig: then please support my work by sharing it to as many folks as possible and smashing that like button for Benzinga's algorithm because at the end of the day I love what I do. I love researching, then love sharing my research. I love to read & write. Unfortunately, that's an anomaly in my generation (I'm a millennial, born 8/16/90) but that's why I'm starting a youtube channel soon.
Already thought of a name:
'Crypt0wiz's Crypto Crystal Ball'
The format of the YT series will be more or less just like my publications (if you're familiar with them) which provide a bit of information rooted in facts with historical analysis transitioned to technical analysis & conjecture that is not financial analysis but meant to serve as my own personal opinion & finally end with a detailed oped / tangent about whatever snapple fact my nerdy ass knows that you don't and you will be more likely to stomach it since it's not in text so this is not really my decision, truth be told I've been pushed into this for the better part of a year now.
Fortunately for me I happen to be really well educated on poli sci, current events, finance & tech so having the "jack-of-all-trades" niche capability is for the first time I can think of a benefit rather than a detriment...if you're wondering how having several niches can be a detriment; truth is I detest having to do 5 things ( even if I"m good at all 5 of them; even if I"m great at them) because if I can be amazing at technical analysis, forex trading, developing smart contracts/nodes, API keys, python software, journalism, amateur comedy, teaching, brokering, etc. it just means that I'll never be an innovator in one of those: and that's what I want...I want to change the world.
For the better.
I know this is cliche & everyone says this: but the last thing I care about is money.
I want to be a fintech billionare...no, I WILL be a fintech billionare within 2-3 years and I will use 99% of that money to save lives & keep no more than $200,000 a year to myself -- I kid you not. That's who I am. Call David at the International Rescue Committee's New York Regional BRANCH or Catherine at St. Jude's Cancer Research at Columbia Presbyterian or Qaseem at Doctors without Borders. They'll tell you.
Anyway let me get this thing published before it's too late.
Figures all on chart. It's a short signal: as it''s a precursor to a BTCUSD retracement.
STOP LOSS is most important one: I'll never stop repeating it ! One of these days I'll forget and it'll drive my OCD mad =P
Have a wonderful day everyone. Take care of yourselves, be good to your friends (and strangers) and don't take life too seriously...enjoy the little things like that cup of coffee you're about to have (if you're on the EST coast like me) as so many of us take so much for granted.
Another cliche, but one worth mentioning.
Peace & Love
Ahmed T.
-@A1MTARABICHI
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LTC Long Opportunity (Super Support)Hi guys its Brian here with a long opportunity for Litecoin (LTC)
As you can see from the chart, LTC recently just bounced off a super strong support as shown by the green circled areas.
LTC has had 2 previous green days and if the support holds, I think we are headed upwards either in the near future or perhaps some consolidation before moving higher.
Stop loss can be placed below the support and I have identified 3 good areas to take profit, labeled as TP1, TP2 and TP3
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LTCBTC Demand zone - There is Litecoin Block Reward Halving LTCBTC in weekly chart still not test Demand zone.
As my personal thinking Market need to test demand zone then it will
maybe move to Upside.
There is Litecoin Block Reward Halving on 05 Aug 2019, Still, 15 Days are there.
The Litecoin block mining reward halves every 840,000 blocks, the coin reward will decrease from 25 to 12.5 coins. You can watch an educational video by the Litecoin Association explaining it in more detail below:
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
LTCBTC - Bulllish pattern - what next?INS (Inverse Head and shoulder) formed, quite adjusted but pretty good... Targets drawn, indicated by boxes (blue boxes)
Trading Stragety - Will buy after breakout on retest ....
Note: I thought that pattern will fail and LTC will dump heavenly to its previous major support....
Put Stoploss according to you...
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LITECOIN - IMPORTANT LEVELS TO LOOK AT, DAILY TIME FRAME!With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin. We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns since they won't come into fruition. So, i am trading raw just via using swing highs, lows, supports and resistances. I have marked everything on my chart, you can check it carefully.
Litecoin is currently hovering in the critical territory. If this level doesn't hold, then i am afraid that there's only 1 major support left after that in my opinion. Beyond that, it's a zone of free fall.
Alternative, if this levels holds then there a lot of scope on the upside. No need of marking these in between levels.
I'll keep updating this, as and when required.
P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.