LTCEUR
BTC to around 2.6k !!!After doing some maths from 2014 chart, looking at monthly and weekly Bollinger Bands and MACD (see previous post), looking at weekly 200MA line, and calculating a 123% extension of Wave 5, I can see a clear real bottom at around 2.6k. You can call me crazy or whatever you have in your mind, but it’s very possible that it goes to this point.
I have to point out I’m not either a bear or a bull. Well, yes. I’m a bear now because I’ve done my homework and I know it goes down. But when it touches the bottom, I’ll be bull. So avoid saying I’m a bear and so, I’m biased.
It’s just an opinion. I’m not responsible of your actions.
That said, have a good time and be cautious. :)
LTC Falling Wedge near to come !? :)Hello,
As always, just wanted to share what many have seen and have been waiting for the moment of a comeback on LTCEUR . im one of those so lol. Lets hope the cycle of fractals from the past can finally happen.
As you can see in the chart, figure is clearly present, and the MACD indicator starts to show the tendencies to where all this i going to.
Background bars in colors shows the fractals in cycle and the white string, hopefully, the road that LTC will take. Needs to be adjusted a little bit but until reversal its just an estimated measure.
Lets see what happens on the 4th of July. :P
This is just an idea, so proceed with precaution.
Cheers to all :)
Analyzing Fractals on LTCEUR 2018I've been studying fractals on LTCEUR for a couple of months and for what i see, I believe the cycle it's on its way. You can check the fractals reflected by color, supported with same curve in different scale and proportional lapse time. If everything goes has its going, December will be a comeback :P ... Finger crossed. Cheers..
LTCUSD - Litecoin & the break-outLooking at Litecoin, we just broke upper triangle resistance line. However :
i) on the daily, I see the MACD hesitating a little, and maybe even curving bearishly first;
ii) volume is lacking;
iii) the RSI is in the overbought area;
iv) we still have a horizontal resistance to break before we're in the clear (Fibonacci 23,6% at $170).
All of that makes me discern two major scenarios:
1) We just break-out now: meaning we break the 23,6% Fibonacci at $170, consolidate a little (if any), and are ready to roll.
--> But given the above (i to iv), I believe this might be a too optimistic view (although I do believe a break-out is close of course, albeit somewhat delayed, which would mean we might end up with better entry points).
2) we first have to resolve the points above (i to iv), meaning that there will be some red candles before we can truly attack that 23,6% level at $170.
That being said, the base of the triangle is at $100ish. So that's still a long way to fall. However, given the current bullishness in the market, that might be somewhat of a stretch. $143, perhaps $136 would already make the cut (see the Fibonacci horiztonals for the shorter term in the graph below):
Conclusion :
- I believe we are breaking out. But given points i to iv, we might be in for some downward pressure first, before attacking and breaking the $170 zone.
- Targets are highlighted by the Fibonacci line on the main graph of this post ( $208, $239, $270, $314, $371 (before talking about new all time highs))
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.
LTCEUR Triangle Pattern, Good Entry Point 127.- EURStruktur Tradingviewpost
Depending on the possible trend swap in crypto, we can assume that it is time to go in and diversify our portfolio again.
We see bullish signals for LTCEUR on the daily chart:
-MACD positive
-RSI above 50 and not overbought yet
-DMI crossed and ADX line showing an accelerating/strong trend
-Awesome Oscillator crossed
Besides the technical indicators we see a triangle pattern. Price broke the down-trend-line yesterday which indicates a continuation of the uptrend of LTCEUR.
If we see the long awaited uptrend confirmed on BTCUSD – which is still the leading currency pair in cryptoworld – in the next few days, we should see a increase of price on LTCEUR of at least 30-40% to fibonacci level 50% (around 170.- EUR). This is also a next bigger resistance area.
I'm going long, entry at 127.- EUR (which is -5% from 132.- EUR on the hourly chart which is definitely possible and appropriate), target at 170.- EUR
Entry: 127.-
Target: 170.-
Stop-Loss: 115.-
Risk-Reward: 3.5
Good trading guys and do it responsibly – no trading with your student loans ;)
Best regards,
TimmiHendrix
LTC correcting from Elliott wave structureLTC is currently correcting from the Elliott wave structure prob till 0.5 or 0.65 fib lvl and is forming a downward channel.
After correction I think we are going to see the 3th wave of the bigger Elliott wave structure that it is forming.
NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep.
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
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LTC potential sell orderLitecoin is forming a nice wave structure after breaking out of the massive downward channel it was in.
Around € 140,- € 150,- the correction for the Elliott wave structure will probably begin due to that range also being a resistance line in general.
I would advise keeping an eye on it.
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh