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Ltclong

LTC (Prj.Y19.P2.E4).MACRO.TrendIt seems as if LTC is following the BTC cycle (3rd Cycle since it started). Many have said in the past, that LTC seems to be ahead of the trend for BTC. Points of observation: On the WEEKLY chart : LTC is heading towards a major resistance, the 21 EMA while sitting above the 0.786 retracement. On the DAILY chart; LTC is heading towards the 200 EMA (resistance). Like BTC, the MACRO formation resembles BTC in terms of BEARMARKET, followed by 1st parabolic advance and moving towards stage 2, another minor parabolic advance. (refer to my previous posts about the BTC macro trend). I also have it as per the chart, that we moving away from the downward channel, represented by a break in the trend line, and moving into the upward channel with a clear line of the botton support of a macro symmetric triangle. Note the fib.circle (red ring) breached which was a major resistance. And how confluence occurs at key fib. retracement levels. Thoughts: I envision, like BTC that LTC will try to hit the ATH for this year but will fail. We will need to see when an open and close daily candle passes the daily 200 EMA. If it passes it this month, then I see LTC making another attempt at the top ($140) price or less. If it passes it later in December, then I see $101 being the target before the accumulation phase as per the charts. These are my initial thoughts and I will see which of the 2 scenarios eventuate, to make the decision to go long. Obviously I will compare with the BTC pairing chart, before I go long, otherwise continue to short. Please give us a thumbs up\a like for sharing. Cheers, S.Sari\CryptoProspa DAILY chart (coinbase) WEEKLY chart (coinbase)
COINBASE:LTCUSDLong
by ssari
LTC is Generous - %100 Profit Opportunity Approaching LTC is forming a beautiful ABC formation which will probably end in 37-43 usd range. Really beautiful pattern to play. I am accumulating from these levels as well. Will be laddering all the way down. After the crash it is obvious that LTC will give us a x2 bounce as it always does. Target will be around 80-90 usd, details will be discussed later. This is a mid-term trade, can take up to 1-3 months. Accumulate wisely. No stop loss for now, laddering all the way down. PS: Breaking below to 20 USD levels also should be considered if BTC breaks below 4000 usd.
BITSTAMP:LTCUSD
by dacto
6
Litecoin and other Alts - To the moon?Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it printed. Yet another thing to note for Litecoin is that the 20EMA has proven to be resistance, let's wait and see if it even makes above this moving average. Keep in mind that BTC rules this entire universe so we have to see what Bitcoin is doing to get an idea what to expect for all other Alts. For BTC it will be very tough to go over the resistance points that it faces. So if BTC does not go over its resistance, neither will all other alts. Take a look at the chart below. Bitcoin price is now coming up to the 200MA which is going to be reinforced by the 20MA. Volume needs to be higher or price will drop very soon. Let's take a look at where volume comes from in the chart after this one. www.tradingview.com Ok, this is where volume in crypto is generated, if money comes in here than you will see it reflected in BTC and all other alts. For now the norm has been between 200 to 214 billion dollars. If you see it go higher than 214 billion that means we are going to see a large volume spike, and if you see it go lower than 200b we may see a serious drop. The next important thing is that once money comes into crypto where does it go and how does it get distributed? In the chart below you can see that there has been a drop in BTC's dominance hence the spike in price by some alts. The lower the number on the chart the higher in price alts will be, take a look, right now we are at 69% and if we drop to let's say 50%, that will be great for Alts, the price will spike very high in that case. Wisdom In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that. NOW, THE LEGEND; Support trendlines are green Resistance trendlines are Red Horizontal support lines are white, the thicker the stronger the support 50 Moving Average is yellow 200 Moving Average is white THE TREND: Going down THE OUTLOOK: Safe to buy a small percentage on the pullback. Be safe and follow me to make money and stay ahead of the curve. Xena Exchange Resident xena.exchange
Long
by cryptoGats
6
LTC uptrend Ltc price reached the lower end of the fib channel , That means we re still on an uptrend but on a slower growth due to the lack of volume, Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily , So we can see how the price got trapped after crossing that line on the downside inside the blue triangle formed by the diagonal support of the channel on the downside and the 21 ema of the daily on the upside . If it manages to break up through to the upside and remain there above the 21 ema of the Daily , price confirms that is still on an uptrend .
Long
by django2
LTC (Prj.2019.P02.E02).Close to bottom, entry pointQuick Summary: > > Wedge (bullish) formation intack > Potential Buy Zone (highlighted on the chart) > Hidden Bullish Div. on RSI > Waiting to see Bullish div. on Stoch. It would be nice but not necessary for a bullish divergence on this indicator as well. > Fib.Circle can be pivot point > Key support line as well > In the next week and less than 2 weeks, we should be there. > We should also look at the LTC\BTC pairing at the time and what BTC is about to do. LTC\BTC Pairing looks good as well 1 HRLY Chart Cheers, SSARI
Long
by ssari
Litecoin ( LTC/BTC ) Buy ZoneAfter the FUD by bloomberg in this news post we saw a large sell off in the LTC market with more short's pushing on the downtrend. Looking back at Litecoin and bitcoin's past after halving events we see this sharp move to the downside followed by a parabolic move back to the upside. Bloomberg : Search term crypto-hype-over-halving-leaves-litecoin-owners-holding-the-bag ** Great way to get some more cheap litecoin if you ask me** Buy zone 0.007- range. Sell Zone 0.009+ range. Expect a sharp move to the upside once the Bitcoin price starts to fall back the re-buy into litcoin should give a good push back over the 0.08+ range.
Long
by Delta_Traders
1