Ltcusdidea
LTCUSD (Litecoin) 4hr tf analysisPrice action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)).
The target area is therefore between ~$142.76 and ~$146.29.
Point of invalidation (POI) for the analysis is a price close below ~$111.46
Litecoin Outperforms Bitcoin.Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy.
Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained.
At the time of writing, the correction continues and the sellers are clearly going for $125. We described the further goals for the bears yesterday- they are $110 and $100 in case Bitcoin moves toward $6,000. A temporary stop will be made at $120. No matter how hard the Litecoin community is trying, the asset does not look like an attractive investment yet.
Check my detailed analysis HERE .
Litecoin (LTCUSD) has hit a bottom? 4hr analysisMy previous post on Litecoin which called for prices to return to between $136 and $140 can be found here:
Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1, 2018 also provide evidence with Litecoin now having just ended a minute wave ((iii)) position.
Minute wave ((iv)) is therefore anticipated next. A 38.2% and 50% retracement of minute wave ((iii)) by minute wave ((iv)) is used as the support area in this analysis (between ~$127.36 and ~$125.61) after which prices should resume its bullish movement.
The point of invalidation of this analysis(POI) is a price close below minute wave ((ii)) i.e. ~$116.55
Litecoin (LTCUSD) bears in charge (4hr tf analysis)Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09.
A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to terminate within the target area indicated on the chart i.e. between the
38.2% (~$137.13 )and 50% (~$143.71) retracement of minute wave ((iii)).
Another round of sell off should follow the termination of minute wave ((iv)). Projection for the end of the sell off is ~$52.26.
Point of invalidation (POI) for this analysis is placed just above 61.8% of minute wave ((iii)) by minute wave ((iv)), and is ~$152.77
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 ~$120.29
just look at the chart LTCif you know how to chart, you know what im doing here, im bad at explaining, but enjoy if you know. blue is supports light teal is load up, red is resistance, and we have trends walls on walls.
LTCUSD Calls - 100% Hit Rate MarchWe have issued 4 calls so far for LTCUSD in March
1 Sell Call
1 BUY on Breakout Call
2 BUY Calls
So far we have 100% Hit Rate on LTCUSD
Have a look
LTCUSD - Intraday Levels 10th March 2018LTCUSD will retest 50 MA on 30 M timeFrame and may retest Blue Trendline. Should hold in the area. However if breached than has a potential to retest yesterday's Low within +/- 7$
LTC to outperform BTC in next 180 days : Start Accumulation NowStart Accumulating LTC and add more on dips for minimum holding of 180 days. This is a Medium Term Call.
LTC to outperform BTC in next 180 days
Profit Target 369, 421,623,901,1423
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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LTCUSD moving towards Yellow Support ZoneLTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and Blue trendline.
We will be loading our BUYs around that area if LTC finds a support in that region.
TRADING ROOM - LTCBTC taking off from 55 DMALTCBTC reversing on upside from key 55 DMA Support. Expect Fireworks
Litecoin being squeezed, watch for a breakout!Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction.
We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction could be a precursor to what we can forecast on price.
Litecoin has made a bearish exit, potential drop!LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin Swing Trade Cheat SheetBuy below the lines, sell above.
Resistance will become support in the future.
In order to have 2 or more consecutive trades on the same line there has to be a pullback of about the same size as the initial dip.
Trade smart & make some money!
Litecoin forming a consolidation pattern,prepare for more bounceLitecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance).
Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin shot up perfectly as forecasted,potential for more rise
Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
RSI (34) is clearly above our major support lines which will maintain our bullish bias until broken
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC Ascending Wedge Followed by PullbackHey guys so I'm a beginner analyst. I've been studying technical analysis for about 8 months and I'm starting to put it into action. I'm looking for experienced opinions, advice and criticisms on my ideas. It's one thing to study something and believe you have an idea of what you're doing, but its another to put it into action, therefore, I would really like some opinions of where I might be wrong on this analysis and also where I might be right. So after LTC's big bull run last night (signaling a reversal on the primary trend in reference to the Feb 4th high on the day chart) volatility is winding down. This is forming an ascending wedge signaling a pull back of the bull run. I'm looking for support at the 33%-50% marks. Is it to soon in the trend reversal to look for support at the 50 and 100 MA's? Again, I'm looking for advice, tell me where I'm wrong, tell me where I might be right, give me some advice if you have any, thank you all!
LTCUSD falling wedge breakoutCOINBASE:LTCUSD
A bullish breakout of a falling wedge constitutes an excellent long opportunity, with a falling wedge being a continuation pattern .
STOP LOSS : 93.91
TAKE PROFIT : 414.69
Risk-reward : 3.2
Longer term trend: Bullish
Current trend: Bearish
General comments:
The falling wedge formed starting mid-december. The lower channel became flat (horizontal, instead of diagonally down) due to the 78.6% retracement supporting prices up.
What I like:
1) price respected the 78.6 level twice with 2 pins piercing through but closed above. This means signals a good price area of where to park our stop losses.
2) excellent risk-reward ratio of >3
3) price has spent about 2 months in the falling wedge, a breakout may be one with notable vigor
What I dislike:
1) technicals aside, LTC's performance (like many other coins) is hindered if BTC prices continue to slump. The market uses BTC as a bench to check the general health of cryptocurrencies.
Other things to note:
1) many speculate huge bullish movements with astronomical targets since the beginning of the BTC's huge correction. The time is about now.
*This is my first few attempts to contribute to the tradingview community. All suggestions/feedback welcome!
x, and happy chinese new year,
iskfx
My thoughts on LTCUnlike BTC and ETH LTC has already formed a double bottom, but that does not mean it cannot go lower, it is always possible that it could. However, between the double bottom formation and $100 being, in my opinion, a very strong support area I would be very surprised if LTC would break below $100 for very long. If by chance I am wrong the $100 level does not hold I would say that $80 would be the next stop. My plan is to rebuild my position in LTC, I have already started buying again, slowly building up my position however if LTC does drop below $100 very far I will start buying aggressively.
