Crazy April for Litecoin?A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could be mad, a mini bull rally like the ones of those days back in 2017. The thing is that it wont last much and if finally it happens will be a huge bull trap for many.
The upward channel is intact, the sentiment on LTC is quite strong at the moment, in my EW count, there is one more wave 5 left and I think that Bitcoin will sideways for a while now, the perfect ingredients for a super pump but let´s see, unless someone lend me a crystal ball I´ll have to keep monitoring the markets, and so far this scenario needs to be probed first with a good support around $52-$55.
As always I´ll keep updating you, thanks for watching.
Ltclong
LTC STILL HAS MORE ROOM TO PUSH UP!! (HOLD ON TO YOUR SHORTS)Hello friends , long time so see. LTC is finally getting some of the recognition it deserves, recently hitting .015 BTC on it’s way to it’s ATH at .02. I want to point out something many traders have been overlooking. As you can see on the hourly chart , we have some hidden bullish divergence. Notice the MACD going down while price, going up / staying steady… Same thing with the BTC chart. Market cap is growing while prices are being pushed down… Signs of accumulation. If the current trend continues , when the MACD pushes up the price will boost. I have some small sell orders around $59 and $63 USD hoping to maybe catch some wild price swings. If BTC can boost to 4200 we should see a pretty good upswing with LTC. I’m mostly a HODLer, finally back above water this month with the boost of ENJ coin. Hopefully some of my followers got in on that too. I really like LTC for a long-term pick. This is a very risky trade for the short term, but very solid in the long term. If BTC dumps , LTC will dump also, so please be aware of the downside. Please leave a like and subscribe , as I try to only post quality original content.
I am not a financial advisor and this is not financial advice.
Litecoin Update Plus StormHi friends! Welcome to Poop's Litecoin Update
We have successfully predicted litecoin's bottom through wyckoff analysis published in January 1 which recorded around 65% gains since it publication.
As an update, we have yet to see $LTC to complete the whole bullish move. We are still bullish at macro perspective but we are bearish short term. We are expecting $LTC to make a short rally forming a 3 Tops pattern or a head and shoulders before resuming price drop to our wave 4 target in the next few days as shown in the next chart.
Wave 4 will likely fall in the previous trend resistance now acting as a support somewhere around 0.0105 level. This shorterm bearish move will likely be violent as we printed a strong bearish divergence both in the 3D and 1D chart. A good bounce from the support (our last point of support based from our previous wyckoff analysis) will send litecoin towards its wave 5 target which could complete the 100% target we originally expected for the entire litecoin bullish trend . Its around 50% move from wave 4 to Wave 5. This could go even higher once Litecoin breaks above 0.01333 which will confirm a bullish cup and handle pattern. A break out on this level could send Litecoin in an extended wave 5. This could even challenge December 2017 high in BTC terms.
Relatedly, $Storm is showing signs of following Litecoin's path. Its currently forming a huge broadening wedge formation that is also backed by a divergence signal. To complete its 5 wave move to the patter's resistance, $storm will have to make a huge 200% rally as shown in the chart below. Caution should be exercise while making an entry on this coin as it currently has below 50BTC volume at binance.
That's it guys. I welcome your feedbacks.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
LTC/PAX Waves Patterns! MORE UPS? NEW TARGET ZONES IN R4! LETS THINK!
WE ARE BLOWING THROUGH RESISTANCES REACHING NEW SUPPORTS!
WAITING ON TOP 5 COINS UNTIL BTC REACHES 10% RECOVERY FOR RETURNING BULL PERIODS OF PROSPERITY AND DECENTRALANDS.
THIS IS MY IDEA.
AFTER LTC REACHES R5 AT 46. WE CAN EXPECT RELATIVE BTC GAINS FOR MARKET RECOVERY. PAIRED WITH HURTING STOCK MARKETS IT COULD BE TIME.
LTC Bottom FormationHi friends! Welcome to my Litecoin technical analysis
We have recently seen a bullish tiny inverted head and shoulder formation on ltc that once will completed will allow price action to cross a long term trend resistance (green) line. This move if it happens will result to a breakout of yet another bullish formation which is the bump and run with a wide bump which could be completed in a 5 wave formation. With this development I am positive litecoin could double in a short span of time.
What you guys think of this?
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Bullish Poop Trader
Swift capitalization from Point of Control POCI admire Charlie Lee and I think Litecoin LTC has tremendous value. The value of the asset lies in its secure network, liquid market and relationship with Bitcoin. LTC is listed on more exchanges than Ethereum ETH while being supported by over nine payment processors.
However my trade is not based on speculative asset value in this irrational, volatile and manipulated market. LTC market indicators have shifted
and historical behavior implies we could see swift capitalization directly from LTCs long term Point of Control POC (price point at which most trade volume takes place).
Current POC is valid when looking at LTCUSDT over 3,6,9, 12 & 15 month timeframes.
USDT -LTC Litecoin -Alt Coin Analysis - Point Systemlt Coin Analysis - Points out of 10
Date : Since 2013 ( 9 / 10 )
Volume 24 H : 42000 BTC ( 9 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 6 / 10 )
Ranks **7 ( 9 / 10 )
Website ( 6 / 10 )
Type Cryptocurrency ( Silver Bitcoin )
Overall ( 8 /10 )
Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign in the excitement a bit. Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!
On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop. It will shake people out otherwise.
Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility.
if you are in crpto less than a year, You have to read twitter.com
before start to trade / invest it.
Are you looking for a target level to buy? Dont ask me. Listen to Charlie.
I have been in crypto almost 2 year, He has been there almost 6 years!!
Even I respect Charlie's idea, I will start the accumulate my first LTC bag in 2018 from this level. 85 % down from ATH. It is enough for me to start for LTC.
My next buy levels are at $38 and $20.
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
LTC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
Trade LITECOIN easily with 1 indicatorBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -7.44% appears you buy, if a green dot -7.44% appears after that green dot -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
LTCUSD - Point of maximum opportunity?Litecoin has a very strong potential bottoming structure after being extremely weak since back in Spring and relying on Bitcoin for the short term gains.
Will it kick off the alt season like the previous one? Very likely, imo.
Text doesnt show up ... Alternative count in case this is just a rally before making new lows.