Ltcusdforecast
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 Elliott wave analysis: 4 hr tfMy previous post for Litecoin (LTCUSD) can be found here:
It was mentioned in this post that the price swing for Litecoin (LTCUSD) was either shaping up as a correction or just terminated a Minute wave ((iii)) position.
After further review, 7 swings in price action from ~$113.08 on April 10, 2018 to ~$165.47 (price close) on April 24, 2018 can be identified which indicates that there is a higher chance of the move been corrective as opposed to impulsive. 7 swings in price action is corrective in nature.
The labels used in the analysis have therefore been adjusted accordingly to reflect the corrective mode, with a Minor Wave W used to reflect the termination of price at the mentioned price close of ~ $165.47. The implication of the above is that the price of Litecoin (LTCUSD) should head higher once the present correction (Minor Wave X) is complete.
Possible regions of termination of Minor wave X include Support 1 which lies in the region of a 61.8% (~$133.17) of the previous price swing so there is a good chance that Litecoin (LTCUSD) will target this support area.
If not, a lower target (Support 2) is between ~$128.38 and $124.697.
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.
LTCUSD(Litecoin) 4hr tf updateMy previous post on Litecoin can be found here:
In the post above, I mentioned that Litecoin would target between ~$142.76 and ~$146.29 (Target area) which is again shown in this post.
Litecoin (LTCUSD) currently has reached this target area. The entire structure from ~$109.89 on April 1,2018 based on this analysis thus represents a regular flat Elliott wave structure.
Minute wave ((c)) = ~138.2% of Minute wave ((a)) at ~$146.61 (region of target area).
The implication of the above is therefore to anticipate a correction from the target area to further support the possibility of higher prices for Litecoin.
Support area 1 for Litecoin as shown in this analysis is ~$133.92 and ~$131.48
Support area 1 for Litecoin is between ~$128.67 and ~$125.57
Point of invalidation (POI) for this analysis is a price close above ~$152.33 at which point Minute wave ((c)) = ~161.8% of Minute wave ((a)) which is highly unlikely for wave c of a regular flat Elliott wave structure
LITECOIN before IMPULSE PHASE.Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that long correction in wave "B" or "2", soon should be over.
Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position for 400$;
"Short term target": 240 - 260$;
"Middle term targets": 300 -320$;
"Long term targets": 370 - 400$.
(Teh main invalidation for all targets is 103.90)
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BULLISH LITECOIN in IMPULSE PHASE.Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that first bulish impulse is over.
Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position for 400$;
"Short term target": 240 - 260$;
"Middle term targets": 300 -320$;
"Long term targets": 370 - 400$.
(Teh main invalidation for all targets is 103.90)
Subscribe to "Powerful Traders"!
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
Litecoin in a bearish channel, watch for the break of support!
Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support).
RSI (34) is in a descending channel similar to the one we’re seeing in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
CRYPTO : LTCUSD Long Based on H1 Timeframe AnalysisThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
CRYPTO : LTCUSD Long based on H1 TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.