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Ltcusdlong

LTCUSD correction after long entry...LTCUSD correction after long entry. My previous analysis closely followed the LTCUSD movement. Therefore, my current analysis is based on the already familiar set of rules. In my opinion, the exchange rate has entered a correction phase. Fractal copying can still occur. The analysis shows that both fractals developed near the 200-day moving average crossings. You can also see a thin (sea-blue) rectangle. This rectangle represents the offset of the wave sequence within the fractal. Indicates that the fractal that is emerging may be 1: 1, but that its peaks may move upwards. In case I have a real idea, the target price increase is 70usd.
BITFINEX:LTCUSD
by meszaros
6
ridethepig | LTC Market Commentary 2020.14.01It is well known that all major Cryptos are breaking out and conducting very credible momentum flows with helpful sizings. One of the most important requisites of swing trading for those Crypto traders is the ability to squeeze your opponent with momentum breaks. The breakout is much more the game changer and should in no way be compared to stale bids from the retrace leg. So we have the following picture: Bulls were heading for the breakout and at the same time protecting the lows against penetration by sellers.... Here too Bulls choose the breakout, and resolve the range so that it can become a bit more enterprising. Let us take a good look at BTC before and after CME. Sellers are half dead and with little on the calendar to support any retrace, buyers are securing the superiority in the region: So, after getting rid of the "weeds" and shaking out soft hands, all major Crypto buyers are achieving progress in areas which are strategically important for the mid and long term. Good luck all those holding LTC from the initial 42 and 40 entries, you can now sit tight and see how this plays out. As usual thanks so much for all the support with likes, comments, questions, charts and etc. Hope it helps.
COINBASE:LTCUSDLong
by ridethepig
3
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD . According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture. Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38. Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level. Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels. If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal. Resistance Zone: $45 - $50 Support Level: $40, $38, $36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC The best way to get consistent quality analysis is to follow us. As always, be careful, and don't forget about capital & risk management.
BITFINEX:LTCUSD
by UnknownUnicorn3931771
2
LTC/BTC TA Update (Bigger Triangle Pattern?)LTC/BTC LTC reached my target zone and the price is trading inside this resistance box. LTC also manages to get above the 50 Day MA that's a good sign for a potential trend reversal. Now, if LTC can't get above this resistance box in the coming days, it is still not the end for the Bulls as a pullback is required to continue Higher. The price could back-test the 50 MA to confirm as new support, the RSI is still far from being overbought. LTC still has a ton of work to prove.
Long
by PolarHusk
ridethepig | LTC Market Commentary 2020.01.06Finally guess who is back??? You know what that means...Macro coverage in the live channel and charts on Tradingview all day everyday will resume as usual with today's session! Lets jump straight in...LTC is in the habit of pinning bears by choosing the momentum manoeuvre via a breakout . Bulls have done very well in this way so far, the logic which seems to justify the selling absorption is based on two premises: => Firstly the auxiliary flows via risk which have been brought over to Crypto via US-Iran. Buyers as usual are rewarded favourable for unpleasantness of the shaken geopolitical arena and lack of confidence in establishment. => The technical underpinning needs to happen sooner rather than later before the reflationary flows exhaust - e.g: I would also like to add that late bears who were previously betting on the breakdown of Cryptos and for LTC to go to zero are often inclined to endure their pain in being underwater for some length of time; once they capitulate (we will see the market shaken off immediately via a breakout) our targets will unlock. My view can be seen here in BTC with marching troops towards the border: As usual thanks for keeping the support coming with likes, comments and etc coming. Good luck all those buying dips in BTC, LTC, EOS and other Cryptos.
COINBASE:LTCUSDLong
by ridethepig
ridethepig | LTC Market Commentary 2019.12.30A highly interesting and hopeful end to the year for most Cryptos with BTC, EOS, ETH and LTC in particular all holding support as the main highlights. It's a quieter start to the week though, with no notable data or Crypto driver today, but we do have the ripple effect from the USD devaluation theme and the increasing reflationary risks already showing signs of spilling over into Crypto that is very much on the table. The nucleus of momentum is from BTC demand combined with a double possibility of technical manoeuvres to absorb any remaining late sellers. This linkage is in 80 cases out of 100 worth trading, even after the defensive nature we can continue moving troops towards the border: The construct of the long-term flows must not be forgotten, or else the threat of the creation of doubt would become to irritable. Take for example: Bulls are threatening to interrupt the lines of communication between Support and Resistance, all things being equal, the attack is quite strong. Therefore I can see the necessity of fixing our opponents mistake of going overboard into support (i.e as highlighted in the LTC chart above. Participation feels low at present, with focus elsewhere it is the perfect opportunity for large hands to load. As usual thanks so much for keeping your support coming with likes and jumping into the conversation in the comments!
COINBASE:LTCUSDLong
by ridethepig
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork. If we don't hold we will probably test for a double bottom around 23 dollar.
COINBASE:LTCUSD
by Fomonacci