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LTCEUR

LTC/EUR bullish flag pattern formationLooking at the 2h chart, LTC/EUR has recovered from the cryptocurrency flash crash of some days ago (after a clearly visible reverse head-and-shoulders) and is now consolidating at around 86€, exhibiting a bullish continuation flag pattern. If price was to break past the resistance at 87.8€, the price could test the 100€ level (probably going higher, but since 100 is a round number, it becomes a psychologically important level to break). The RSI is showing higher lows while the price made higher lows, which seems to indicate that the momentum is not fading away. Also, the CCI hit 180 after the crash, which could indicate that the move is sufficiently strong. The CCI has then retraced inside the -100/+100 bands, but is still positive and looking like it will go up again (this will happen if there is actually a bullish flag pattern). On the other hand, if price was to break the support at 86€ (it would have to close lower, like 85€), the price could fall till the nearest support at around 80€. Any comment is appreciated!
Long
by Andratos95
LTC/EUR currently testing resistance level, continuing bull run?Looking at the daily chart, LTC/EUR is currently testing a resistance level, shown both by the Fibonacci retracement drawn using the top on Sep. 1st and the bottom on Sep. 15 (it would be the 71.14%) AND by the Fibonacci fan extending from the Sep, 15 minimum to the local maximum of Oct. 15. If the price manages to break past the 72€ resistance level, LTC could skyrocket to the next resistance level, around 84€ or more. If resistance won't be broken right away, as could be explained by the break past the upper band of the Bollinger Bands, we can expect a minor correction to around 67€ in the next few days, where LTC price should bounce on the yellow support before retesting resistance (notice how the yellow support is overlaid by the 0.5 ratio of the Fib. fan). If the resistance will not fall at all, LTC price might fall to the lower support level at around 61€, where it'll meet the support of the 0.382 ratio of the Fib. fan AND another trend support line.
Long
by Andratos95
LTCUSD Medium Term AnalysisLTCUSD looks to be in an ascending channel and can be seen by white trend lines. from this we can takeaway that it is still holding uptrend. Bottom trend line resistance has been tested over 6 times and is STRONG. Breakdown below this is a big red flag, I recommend setting stop loss a little under bottom channel trend line. It could potentially head to $40 hard support, which is currently the safest accumulation zone. Median price action is charted and can be seen by looking at yellow arrows. This helps us see relatively healthy price action and trend pattern. We can see a symmetrical triangle from bottom trend line and top red trend line. This is a very famous continuation pattern. On convergence of the triangle apex, symmetrical triangle will typically break out in the direction of the prior trend (up). Note: a break in the opposite direction of previous trend is a STRONG signal of formation of a new trend (e.g. downward movement). If you are trading symmetrical triangle, I recommend buying slightly after breakout for bullish confirmation. If you are in long term position, I recommend analyzing how this scenario can be used to ones benefit. For example, position could be sold slightly after symmetrical triangle goes down (if it decides to) and can be reentered at hard support / accumulation zone (low $40s) Others: - we notice small green volume spikes at resistance levels, showing bulls are attempting to keep price above a certain price, possibly by setting large buy orders at bottom of resistance (52-54 right now) - RSI shows oversold over 90% of the time LTC price is at bottom of channel (safe buy zone) - RSI shows overbought when LTC is at top of channel (sell zone / take profit zone) - MACD acts similar to RSI but seems less responsive in this scenario. What I’m doing: - accumulating medium bags at $40-45 - watching symmetric triangle closely. if breaks down, will sell position at small loss and re-enter at accumulation zone and hold. If breaks upward, will buy in at breakout confirmation. Donations: LTC: LQdNvC29EzF9LRkEpegQ7tab5svzaSdKCf BTC: 1HbAHkawHsP9shHY9Xb9htDqjSFogK5x4y ETH: 0x7F5CF2EA6b1d4C4A26d0943f5c35e6d55805cD5e
BITSTAMP:LTCUSD
by JCBCrypto
5
Litecoin perfect place to position yourself, BuysignalsSeveral triangle breakouts in the past and a ascending trading channel are in place to several months now on Litecoin. We are still located at the lower levels of these indicators and therefor a perfect spot to take positions. Break outside the bullish trading channe will acellerate the upward momentum rapidly. Based on historical date litecoin should climb a little steeper, therefore a break of the upper ascending trendline and trending upwards above it is not unimaginable. Litecoin is said to be the most undervalued cryptocoin, a hidden damond waiting to be dicovered so you re not yet too late to get in Recommended action: Buy at the lower trendline of the trading channel. Or more conservative wait for a break outside the upper trendline of the trading channel. Trading at your own risk, make sure you understand the risks involved with trading high volatility markets. Trade safe,
Long
by BTCryptowatch
LTCEUR Long Term TradeThe price stays on SMA100 which is a strong support line. RSI confirms price reversal, but the signal is far from the oversold zone. MACD lines support upward movement. DMI tells us that the bears are not so strong and we can open long trades. Pending orders for buy should be placed at 46.50 level and stop orders below the support zone at 39.00 level. Profit targets are 70.00 and 78.00 levels. The part of volume can be left for long run with profit target at 100.00 level.
Long
by DLavrov
4
Litecoin Short Term Support Trendline After a labor day weekend sell off in crypto, litecoin appears to have formed a support trendline for its base and accumulation for it next run up. Volume is low but volatility remains high. This looks to be an opportunity to go long on litecoin. With lightning network going live, atomic swaps, excellent dev support, litecoins solid history, continued adoption for litecoin as a payment alternative to bitcoin and credit cards (having lower fees and faster transaction times) and more I believe litecoin is undervalued.
COINBASE:LTCUSDLong
by luckeyma
1
LTC | higher value relative to USD & BTC|Coiled & Base is builtLTC has been pretty consistent and we're seeing the rotation into LTC that typically happens after a BTC move. The cycles have been consistent but it looks like LTC wants a higher ratio to BTC based on volume profile. This tells me that LTC could have significant upside moving forward. Not only is USD, but more importantly we can see the technical upgrades priced into the BTC pair with higher low volume nodes on the volume profile.
Long
by mattcook