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Ltclong

LTC Nearing Decision Time for 15-25% SwingFollowing yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming. Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders. As price action nears the APEX of the diamond, watch for a breakout of the Diamond and confirmation of either a bottom or a half-staff continuation. Price targets on chart for breakout in either direction. Breaking up out of the descending triangle before it forms would be a preliminary bullish indicator. A move to the upper trend line would further support the bullish scenario. Moving down to the bottom trend line of the potential descending triangle would confirm the pattern and support a bearish scenario. thepatternsite.com
COINBASE:LTCUSD
by alexhiggins732
Litecoin Price channel: 4hr tf analysisLitecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date. The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid trendline requires two points of contact). A breakout above the upper line of the channel could the see price of Litecoin reach a target of ~ $220.67. This is calculated by vertically projecting the width of the channel onto the break out point. I used $120.29 as the bottom of the channel and $170.48 as the top of the channel here. Therefore $170.48 - $120.29 = $50.19. Adding this to the too ($170.48) gives $220.67. Failure to close above the channel could see Litecoin return to the bottom of the channel at ~$120.29
BITFINEX:LTCUSD
by Coin_Analyst
LTC formed symmetrical triangle on daily? $470 to $500 potentialLTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500. The following conditions have been met for the symmetrical triangle. 1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3 points on each side. 3. We can see the volume reducing 4. The triangle has a duration of 3 months 5. The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. 6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $470 to $500 to be achieved. On the whole market is looking positive and news is positive from G20. The G20 summit is still going on till end of the day. As long as there are no negative news, a breakout to the upside is highly likely. 7. We are still waiting on the breakout confirmation. Let's wait and see where the breakout occurs. I am leaning towards the upside. Any feedback and comments welcome. Still on the path of learning technical analysis. These are just my opinion. DYOR before using anyone's opinion for trading.
BITFINEX:LTCUSDLong
by GBBBKSA
3
Going down down baby, your street with LTC! (PT. 2)Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we can see we are producing lower lows and still trending in an upward motion while the price continues to drop. This can signal a bullish divergence when the RSI is holding above it's prior low while the price is moving to new lows. These tend to be more robust after an oversold reading which is what we saw on 3/2 on the RSI chart. SO, by looking and analyzing the DMI and the RSI we can see that even though the price is dropping at the moment we are still showing signs of strength, and our support line is holding. IF LTCBTC were to fall below this support line we could head south quick, but if we hold here we could see a nice bounce back up to the next support/ resistance line of around .0195. Also, keep an eye on the RSI, if we fall below our most recent low or below the trend line this could be a bearish signal as well. If you wanted to take the risk you could buy with setting a stop loss just below the support line. However, waiting to see if we can break above the support or below to confirm which direction we are headed is ultimately be the best move for now. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell***
Long
by dustyPH
1
LTC is now the "safe" place for BTC "doubtful" recoveryWhat is going on with LTCUSD lately? Easy: BTC is going again to impractical levels of prices and LTC can easily replace it as the "internet of money". In fact, any coin can easily replace Bitcoin if it comes with a more "efficient" proposal for the Consensus, PoW, Volatility, PoS consistent earnings. We are seeing some efforts to "change" the "immutable" Bitcoin for something better, since the name is a "brand" but lets wait and see if those "changes" are going to continue keeping the Bitcoin (BTC) in its leadership or make it lose its supporters as happened with others that tried to do the same. New chapters of this so exciting novel. I can't wait to see a future with some "real" decentralized currency.
BITFINEX:LTCUSDLong
by agbarbosa
LTC LONG !!!LTC is right now looking so strong... Basically : 1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point 2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270 3 - $270 is a big higher high in our new bullish trend that corresponds to a older high that wasn't tested since January 12 when we were bear. If we do pass the $270 wall, we can expect to make a big jump up. I would be careful though and expect that we won't pass it. So what I advice is to place a sell in that zone so if it bumps against it and not pass it, then big profits will be done. We should expect it not to pass it the first time it tests it.
COINBASE:LTCUSDLong
by Tradingdeed
4