same as brother btc ... LTC about to test the top resistanceboth BTC and LTC are creating a bull flag. if you are not already in, you can get in on the break up with a stop right below the flag.
remember to hit the like
thanks
LTCEUR
LTC Correction not done yet? It doesn't look like the correction is done yet.
If we consider an expanded flat correction we are now on wave C. According to theory wave C usually is 100% to 165% of wave A. I am not willing to accept yet that LTC will go down to 36 euro (161,8%) so I have drawn the C at the !00% level which is around 83 euro the same level we were on february 6th.
At the moment the chanel for C is pretty clear.
The most logical thing to happen right now would be that the C wave will unfold in a typical 5 wave structure something like i've drawn in yellow. At the moment the ratio's between the waves doesn't point to that. But things change quickly.
Another possibility is that the C wave unfolds as an ABCDE structure. This is wat is looks like at the moment drawn in purple. E wave should, according to theory, finish around the 100 euro.
I've sold my LTC at 129 this morning after catching a nice ride up from 116.
For now it's a no trade zone for me.
By the way I actually hope i'm wrong. Would be great to start an uptrend again.
LTC EUR Correction target reached. Possible scenarioLTC reached a nearly 65% retracement from the impuls wave that started on februari 2. The low of 121,60 also hit some major resistance zones. Wave C did fall short of 161,8% of wave A that could point to another dip down.
Assuming this correction is done. First target would be around 136 and second target around 157.
Litecoin bout' to get a whole lot lightersell order for €164 - Buy order €119.5 if the sell order executes.
Rumour has it Mount Gox trustee has 166k bitcoin to sell (market sell)
my pants will be full of litecoin when it hits €1k
cheers to charlie lee & an early retirement
Litecoin to 140 Euros?I'm seeing descending volume on Litecoin and a continuing bearish trend. Next stop possibly 140 Euros.
LTCEURLitecoin looks very optimistic, however, due to Litecoin Cash pump I expect a thorough retracement atleast until Fib 0.618.
There was a clear double bottom for LTC and afterwards a nice pump into a 5 wave structure. It went right up to the point where it last collapsed 15 January shown by the upper red ball. The thick purple line shows that we break through the longer term bearish trend line, therefore I think we are in the correction of the first bull wave.
RSI is bearish down sloping
Buy; from 130 -113 euro (previous bearish trend line)
At the Fib levels, look for reversal trend signs in order to confirm and buy.
Requests for any euro pairs? Let me know in comments!
LTC SCENARIO !Traders,
Here we have LTC/USD 4H chart.
We are moving sideways for awhile and here we have some points that can determine the price for the next few days it's all about the golden fib level if we break the main bear trend and moving up to touch the golden level we will able to say that we have a new bull trend, all we have here is patience to see that scenario happens.
Regards,
Mohsen
LTCEUR to 250, maybe 400 before the summerBased on this analysis i think LTCEUR will be a runner.
Expect 250 in the spring and possibly 400 before the summer.
LTCEUR BUYCorrection of LTCEUR in the third wave.
Historically C waves (3th correction wave) are rather shallow for cryptocurrencies. Therefore first moment to go long is between Fib 0,5 and Fib 0,618. If retracement will go as Elliot predicts, it could reach 95 euro.
Buy zone 1; 165 - 140
Buy zone 2; 91,5 - 81
Put your purchase limit based on your risk portfolio.
Happy trading
LTC DROPPING MORE! BUY SOON30 min chart is forming a bearish flag. It should go to previous resistance.
LTC WHAT NEXT ?!Traders,
Here we have LTC/USD 4H chart.
After breaking-out a few days ago we have strong golden Fibonacci level resistance, so what am I expecting is we will do small correction to touch the new uptrend once at the yellow area on the trend and then we need to break the golden level to tease the all time high again to be certain we didn't have any close candle after 0.5 level every thing gonna be clear next few days.
Regards,
Mohsen
Correction before resistance line LTC/EURLTC/EUR tested the blue resistance line at 190.60 twice already and might test it again. If it doesn't break the line there will be another correction and retesting again. If it breaks it will definitely keep rising.
LTC/EUR Downtrend if staying in channel.If the price keeps following (not breaking the upper line) the trend channel it will continue downwards. Low buy momentum and about to be overbought. If it bounces you should definitely sell if you're holding LTC short-term. Too little evidence to recommend going short.
LTC/EUR testing upper resistance line twice.
LTC/EUR was testing the upper resistance line in a general up trend. If the price breaks the line I expect the price to jump and continue in a slight up trend.
LTC/EUR continuous uptrend, following trend channel.If the LTC/EUR price doesn't fall below lower trend line, I suspect that the price will follow the same pattern to a solid mid-term up trend.
Long LTC/EUR, watch for breakout of trend-channelRight now, in the 15min chart, LTC (Coinbase) is nicely following that trend channel. Good entrypoints for mid-term holding when price approaches lower line.
LTC - Up, Down or Sideways?"$150 Million Worth of XRB Railblock/Nano Stolen"...."France and Germany Urge Discussions on Crypto Policy at G20 Summit"...is this the reason for the drop today i wonder?
(Does anyone have any ideas?)
beyond me.....
LTC recovery mode?I think LTC will complete the inverted head and shoulders pattern, consolidate, and start new bull run.
LTC wants up so bad!Long history big market cap coin, nothing special about litecoin.
Symmetrical Triangle pattern shown up on daily chart, buy the breakout seems delicious to me.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
