LTC SwING TRADEHi evryone!
Current LTC price is 35.417.
triangle pattern bottom line is 31.148
i will long from about triangle bottom line to 43.8-44.4( trand based fibo 1.618 level and fib retracement 2.618. level)
Ltcusdanalysis
LTC - short the breakout down to $40 LTC like many other cryptos made an expanding flat type of corrective structure.
Short this breakout down to around $40.
Litecoin corrected 86.33% from its All Time High 366$.Litecoin corrected 86.33% from its all time high 366$ currently trading inside a falling wedge following two trendline support and resistance line. Now Litecoin has a immediate support at 49.144$ if break then expect Litecoin to see at between 32.815-35.959$ where Litecoin has two support and trendline support. During a cryptocurrency market crash Litecoin is the strongest cryptocurrency, it corrects very slowly than other altcoins. After Litecoin Bitcoin is strong, then Bitcoin cash and the weakest Major cryptocurrency is Ethereum.
Litecoin resistance : 59.565$, 69.321$
Litecoin support : 53.050$, 49.144$
Litecoin (LTCUSD) not in the clear yetThe Daily timeframe of Litecoin (LTCUSD) as shown in this analysis captures price from January 6, 2018 to present date as operating inside of a falling diagonal (wedge) chart pattern i.e. #1 as indicated on the chart.
The latest test and confirmation of the falling wedge occurred on August 14, 2018 at ~$49.14.
Any bullish trade inside of the wedge is considered an early entry and more aggressive, compared to long (buy) entry orders placed on a break outside of the wedge. The horizontal line at $97.20 is shown here as a conservative point of entry as it ensure a price close outside the wedge that also indicates a potential bullish move for LTCUSD.
~$55.29 and $31.35 (#2 marked on the chart) is expected to provide support for Litecoin and a break below the bottom of support could see Litecoin reach between $20 and $10.
The Average directional index (ADX) as shown here (i.e. #3) indicates that the strength of the bearish trend is not letting up.
LTC/USDT PredictionWe Think we will see upward move to LTC so be ready next levels will be 59 at least and can complete till 61.5 see chart & please always keep in your mind that market still so risky so never forget to set you stop loss plus keep eyes on BTC
Please like and leave comment,we'll appropriate that a lot.
Best of Luck.
CryptoStarsChannel.
LTCUSD SHORTIf you missed earlier entries for a short on LTC, here might be a good time for you. The price respect the EMA for the dynamic resistance so far, how long will it hold?!?
Trade Safe!!
LTCUSD to Bounce back up after the drop (>200 pips) - HIGH RISKLTCUSD is closing to the lower trend-line on a downwards trend. In this regard, LTC should bounce back up to test the resistance of the trend. However, due to the current movements of BTC and other Altcoins, the risk involved in going long on this pair now is rather high, thanks to the uncertainty created by the news.
For the moment this is what the technical analysis indicates, but Litecoin may create another low no matter the trend.
Do you believe LTC can bounce back despite the recent drop of BTC?
Litecoin (LTCUSD) forming a price bottom?The 4hr timeframe chart is used in this analysis to inspect price action in LTUCUSD.
Three things to keep in mind in this case are highlighted on the chart and discussed below:
(1) The major trendline in Litecoin (LTCUSD) since ~January 06, 2018. This bearish trendline is still active and its implication is that it is safest to initiate a position only when price breaks above the trendline. ~$108.77 (very conservative) as indicated on the chart would therefore be the price level to start considering going long (buy). Even more conservative is to wait for a breakout above the trendline and also consolidation before going long.
(2) Price action consolidating around $73 since ~June 24, 2014 and refusing to break to lower lows indicates a possible move to the upside. Also present in the bottoming area of price action is a double bottom (between June 24 and June 29) that confirmed on June 1. This argues for bullish bias for Litecoin (LTCUSD).
A less conservative strategy would be to initiate a trade as soon a breakout occurs above ~$93.76 in anticipation of a break above the bearish trendline.
(3) The relative strength index (RSI) as shown here does suggest that bearish momentum is running out, and therefore plausible that bullish action might resume for Litecoin.
Above all, patience is required to see what comes up next for Litecoin (LTCUSD) with necessary action to follow. Moreover, it is also important to pay attention to momentum on the Weekly tf as a longer term perspective is always crucial.
Price closing below ~$73.70 in this case would imply the resumption of a selloff in Litecoin (LTCUSD).
Rebounding off the supportAs explained on the previous analysis, the price found an excellent cushion level just above the 106.323 1W support and according to the Fibonacci levels of the previous 1D candles, the price should now rise to a Lower High just above the 0.5000 extension (yellow ray at 148.427. It has already started to do so but remains more neutral than expected on 4H (RSI, STOCH, ADX, Williams%R, Highs/Lows, Ultimate Oscillator all neutral) and shoulde consolidate for another 2 sessions before it takes off. TP steady = 148.427.
LTCUSD expectation and price directionLTCUSD daily chart
Indicators are not positive at the moment.
I'm waiting for a jamming the price at the area I have marked
Then the price direction will become clear
There will be very volatile movements after the jamming
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
UPDATED LTC/USD Advanced Pattern18 hours ago I found a pullback on LTC using ABCD pattern with Fib Retracement . and now i found those white resitence line
Lirecoin. Agressive Long
Yesterday's idea brought us another 4% profit. And so my strategy alone has brought us more than 25% profit. We have short when they were all in long, we have short pattern, we had long when all short. Goal the middle of the channel
Huge Potential on this LTC/BTC Push - The Moby Dick of 2018?This is something I picked up on with Litecoin on Binance a while ago.
There seems to be a predictable pattern to the way that LTC/BTC Wedges for anywhere between 50-100 days before massive gains.
The Chart speaks for itself but allow me to go into detail on some of the key points of this analysis.
1. THIS IS NOT FINANCIAL ADVISE BUT MY OWN ANALYSIS THAT I AM ACTING ON. IM NOT A FINANCIAL ADVISOR... yaddy yada ya....
2. Lets look first at September 2017 - December 2017 (During the BTC rush before the correction). We see a huge gain of 131.20% over the course of about 4 days on Litecoin that was caused by a 96 day wedge that finally broke above. Following that we can see that at this point litecoin accumulated laterally for 49 days, however this time around when ltc/btc broke above the wedge, we don't see the crazy volatility that we saw in December, which could likely be due to an overbought market, the ongoing bitcoin correction to 6k, or the huge bearish divergence that began forming in January 2018 (my bets are on all of the above).
As a result, this puts us at our current state from early February till now where we have seen a bearish decline to 0.016641 over the past 76D.
3. The RSI is currently at the exact same level when that first push of 131.20% gains happened. This could be a coincidence, however with a similar style of increase in volume, and extension (well not exact volume, but the fact that they both increased slightly in volume on that final wave is the same), its probably safe to assume that at the very least we should see another push.
To close this all off, this is my own hopeful brain that just so happens to have its hopes reinforced by TA, and the current shift we are currently seeing in the market - where the Alt market is coming back to life and BTC has finally stopped being an absolute piece of shit, and is now just a tiny piece of shit that seems to be recovering.
NOTE: If anyone knows what the deal on that HUGE dip on Binance in December of 2017 is, let me know. It looks like something went wrong or other, but I dont really know.The Close on that 2D candle was 0.000133 which seems a bit unbelievable to have a rally of 9290.55%. Let me know.
Thanks for reading.
If you think this has some merit to it then like it for more exposure - otherwise just fuck off and go stare at ICX and Cardano.
<3
Litecoin's Correction Overview. Triangle>?
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium price of the trend(when the price goes away from the cloud it comes to test it in 80%, my signals on the cloud algorithms are also well sometimes practiced, the state of uncertainty flat (when the price in the cloud is trading). Confirmation of the correction / trend when the price is trading below or above the cloud, the entries in the position and much more shows this my wonderful indicator. The indicator took me enough time, and if you are willing to use it, it will cost you a small amount of $ 10 per month. Also I have my own alarm group, so if you like and subscribe, so you will give me the motivation to fight with my laziness. All the best
Litecoin. Updated Levels and Scenario
In the previous idea, we traded a triangle and got a 10% profit. Updated levels and channel in this idea. Those who are not in positions noted level rollback where to buy it
Litecoin Elliott wave analysis: 4 hr tfPrice action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend.
Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.
Signal #6. LTCUSD. SHORT SIGNAL
I'll make 7-8 signals. You will appreciate the quality of working them out. And if it suits you, as well as me. I already create a ready signal service with a paid subscription of$ 20 a month. Agree tempting?And also as I and spoke training some their strategies and intricacies of....... provided
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
