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Ltclong

Litecoin (LTC) Very likely to rally 20% further. Xzhi is long."Litecoin does look quite good from a long term standpoint, but with Bitcoin hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout. " That was my comment from the last Bitcoin idea. Now I am long LTC and up over 4%. I have bought more LTC 9550. I expect this rally to go 20% percent or higher in a black swan event similar to Doge or Ripple. Once it completes, we may short Litecoin to the ground. However, Bitcoin must be moving up to 6900 for this to happen. I believe it will so I posted this chart. Buy: 9550 9464 (most likely target) 9365 Stop Loss: Close below 9290 Take profit: 11000 My take profit will be manual as I can monitor. Even if Litecoin closes back below, there is still a chance for it to pop off, as long as it holds 8363 and moves back up. Thanks for viewing! Doge and Ripple popped off. I believe Litecoin will do the same.
Long
by HD1184K
3
LTC / BTC BULLISH DIVERGENCE!!Hellooo ... Long time no see! Well after Charlie Lee's tweet LTC / BTC stayed slightly supressed. Now we have a bullish divergence on the 4 hour. I do admit I'm the weirdo who only had LTC and no BTC, but looking at the chart it's not the right time to trade... When LTC hits the top of the 4 hour I will experiment with some trades to BTC! This way we help the BTC boost, supporting the value of both coins! Anyway looks like LTC / BTC is heading up so i'm still patiently sitting on my LTC. Please give likes if you find this useful!!
by peakindicator
Litecoin bull flag activated The start of the month of July has come good for the Litecoin as it broke above the falling trend line for the first in more than 6 weeks. The price pushed above the trend line and went on a small bull run, reaching above 6.00. The last day-two, the price action has stabilized a bit, however today we are seeing more gains (+3.50% currently). This has led the coin to activate the bull flag pattern and it is now looking to test the next level of resistance - horizontal block connecting previous lows/highs. This block coincides almost to a pip with the bull flag measured take profit target. Trading bull flags are not so often but once identified then it offers a great R:R setup. In this particular case, we are looking to risk 30 pips in order to make 60. Entry: Current market price - 6.25 Stop: 5.95 Profit taking level: 6.85 R:R 2:1.
Long
by WhaleAgents
LTCBTC Short AFTER correction.I'm still bearish on LTC. For those of you who hold LTC and may be underwater... This is actually a fantastic way to hedge against your hold. (If the below plan works, you may BTC to offset the loss of your LTC value.. if it fails.. you recover LTC value due to price rise) Fundamentally: Litepay failed No real news *planned* coinmarketcal.com Other projects with newsflow attracting investor $ / BTC Shorting seems to be the flavour of the month currently... Technically: So first up, I believe we need a correction upwards. I expect this to take several days, best guess would be anything from 4-8, maybe longer. I have highlighted TWO possible entry points ready for the continuation of the downtrend I am expecting. Personally I will enter at the first with a fairly tight stop(will try to update nearer the time), if the stop loss breaks, I will re-assess quickly & update but expect the pink B to be a solid backup plan for continuation of the downtrend currently. Keep in mind this is a plan to enter LTC AFTER it corrects upwards .. so we have a many days of data from now to help re-assess the position as we go. But for now here's my view: T D Sequential almost hit the complete 9 (8) + current daily candle signalling exhaustion of downtrend wave A, ready for correction wave B RSI destroyed, due a reset, look at the last time it was at this level (yellow circles) - we had a nice complex correction over 2 weeks before continuation MACD not really all that helpful currently..but again we have a fair few days ahead of us yet Large gap formed between the price & 20day EMA, further info for a correction. (The 50/100 too but I am not really interested in these currently due to the size of todays red candle) Correction upwards would line up well with the 38.20% fib Volume profile also looking relevant with a high vol in between both possible entry points Risks to consider First off, these risks aren't really risks as we aren't opening a position yet..but still worth consideration for balance. Litecoin news (Historically I don't recall LTC keeping impending news a secret..except for when Charlie Lee sold his entire stack :D) BTC mega bull reversal.. God only knows what that would do to the rest of the market, hell it might even help the LTC bears.. LTC just keeps dumping - though if this is the case we haven't lost anything & we wait for the next correction This is not financial advice.
by UnknownUnicorn3062951
LTC/USD at decision point - Bounce to $130 of sell off to $50Dear all, Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart. Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50. This trade is driven by 3 main factors: - LTC currently sitting at key support $95 - RSI is oversold - RSI forming falling wedge 1st target is $130. Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:LTCUSDLong
by Alteroc
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
$LTC #Litecoin repeating history with an end of the downtrendHello lads and Ladies, Today we are looking into Litecoin. We see very clearly an end of the long downward trend forming a very nice triangle. This would normally indicate a very soon breakout. RSI its also on a healthy rise upwards. ANYHOW, there is a possibility that we will see a short term break down from the recent support line. We have seen this already a few times with LTCBTC that after an end of the downtrend it breaks down to the next support and just then breaks out and starts rocketing again. The break down from support after a downtrend is a very strong indicator for the next BIG MOVE on LTCBTC. Therefore, there are two possible scenarios one that we will see a breakout right now, OR it will break the support and then have the next big move. In any case it will rise to the shown fibs lines where it might find shortly its resistance. Considering all of the above I will put in 30% right now and divide the 70% throughout the strong buy zone. Cheers, Tomas
Long
by KongTrading
LTC: What next?Hello everyone, While it's very nice to see Litecoin make a move, finally(!), it got me thinking about hope and reality. Traders can certainly hope, but we better be in touch with reality if the trades are to be gainful. With that said, here is what I am seeing and I would love your feedback, especially if you think differently. First and foremost, LTC needs to stay above the 23% fib line ($172.90). It has done so for 4 hours and we need another 4 hours to confirm a trend higher. In the past we have seen the resistance reject such advances. Will it this time? It appears not, but the low volume is a concern. At this time the price is rising precipitously. Please note that both the Momentum and Stock RSI on the 4 hour and daily are overbought. On the daily charts, however, the momentum and Stock RSI are inching towards the overbought territory. Will this rally last and how long? I went back to the last time we saw this type of a rise. After 2 entries into the overbought territory (Momentum), LTC stayed on an uptrend for 2 more weeks. Therefore, I have drawn a 2 week period out (yellow rectangle) to see how it will fare this time. This is not to say that I expect a similar rise for LTC as we saw in December. I do not. The volume is too low. It is entirely within reason to expect that, if the current trend holds, then $173 will act as support and our next stops are $210 and $241 (gains of ~21% and 39% respectively). Again, we need more volume to bust through the 38% fib ($210). We should not be surprised if there is a slight consolidation period, either after 23% or 38% fib levels. The Stock RSI and Momentum being in the overbought territory will demand it. On the downside, please note there are multiple levels of support, namely the 100 MA ($162), 200 MA ($157) and below that the 50 MA ($141). It is also interesting that we crossed the death cross without much comment. Momentum and FOMO will trump charts much of the time! So, in summary, this is a strong move higher that has the potential for good upside and risk/reward. Of course, please do your own research and take my views as data for your own conviction. I would love to hear your thoughts. Thanks and until next time. Enjoy!
BITFINEX:LTCUSDLong
by khalsaji