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Ltcforecast

LTC - looking rough but...The safety net is near. Unlike BTC or Eth, LTC has fully corrected the move up. There is little to no room to go. Let's remember that back in 2013 LTC made a high (top of wave I in the supercyle) at 65, this shouldn't be overlap. While going up price was following a leading diagonal, usual those correct to fib 0.5, this is a bit harsh of a correction for a wave 2, but nothing's wrong with that. While going down, MACD and RSI have shown bullish divergence on H4 and D1 We have now something that could turn into a double bottom (volume lower on second trough, increasing buy volume on the way to the peak) The first TL is almost broken and the second is very near. This is a trade i'd like to take, because the risk is very little (we shouldn't go below 70 for this to work) and we can have a clear SL for the idea What's interesting is, you'll find similar pattern in some alt, and that come with same analysis.
KRAKEN:LTCUSDLong
by lady_luck
LTC TOO MUCH SIDEWAYS, ENOUGH!Litecoin is one of the strongest altcoins who has been really weak in the past period with its projects(Litepay) being failure. However lets not forget that it is still one of the strongest altcoins in the market and it is now in its buy zone. Since first of April Litecoin has triple topped at its Resistance(red area) area however since the third top it has more than triple bottomed at its Buy In Zone(blue area) and it is looking to get out of the retracement trend by forming a falling wedge pattern. For long term I would strongly recommend to buy short term I would recommend to wait a little more as my prediction is that its gonna hit the retracement wave once more and bounce back to buy-in zone after which we should see the breakout. STOCH RSI is heading down which means downward movement in the market possible however that is short term as the STOCH RSI is already in the oversold area and we should see buyer joining the market soon. Good Luck, Traders!
by farhadjafarov7