Bears still hold Litecoin ! How long ?Hello, Traders!
Monfex is at your service and today we overview LTC/USD .
What do you expect from Litecoin ?
LTC dropped well, formed a triangle and can be pulled closer to the nearest resistance, it is the ex-support zone near $ 62 and 50% Fibonacci level near $ 65.3 .
But!
You need to act only by some breakout of the resistance with crossover MA50 of the triangle near $ 58 or short by breakout the support line.
It is dangerous to enter the deal without breakout, since the trend is locally downtrend.
Share your thoughts, ideas about the market under the chart.
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Disclaimer
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Ltcusdlong
LTCUSD formed a bullish Crab pattern | Upto 28% expectedBy the grace of Allah the most high after giving more than 29% profit as my previous idea:
Now on smaller time period chart the priceline of Litecoin / US Dollar has formed a bullish Crab pattern and has hit the spike within potential reversal zone but MACD and Stochastic are still bearish therefore the priceline may give us another chance to catch it from PRZ area insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 63.55 to 58.97
Sell between: 67.10 to 75.70
Regards,
Atif Akbar (moon333)
LTCUSD has formed a bullish butterfly | Upto 66% expectedPriceline of Litecoin / US Dollar has formed a bullish butterfly and entered in potential reversal zone to take bullish divergence from here soon insha Allah.
MACD is turning bullish.
RSI is oversold.
Stochastic has given bull cross.
Price action is getting bounced after hitting the support of bollinger bands.
Volume profile of complete pattern is showing less interest of traders at potential reversal zone.
I have defined targets using Fibonacci sequence.
(Plz ignore the previous chart where I predicted a shark now the leg is extended and it is behaving as bullish butterfly now you can follow the below revised targets, thanks)
Buy between: 67.786 to 57.348
Sell between: 75.882 to 95.728
Regards,
Atif Akbar (moon333)
$LTC Correction over? We may have completed an Elliot wave pattern, I think this is the most likely scenario, as the C wave may have completed a falling wedge and started the next move up. A break above $146 in the long term will confirm this. A move under $63 will signal lower movements.
I would recommend a stop loss under the $63 zone.
LTC late bull?It looks like Litecoin too is poised to breakout by the end of the year. Looks like the MACD is showing a slowing of bear trends and will start heading upward with the rest of the crypto market.
If 2017 repeats, we will see at least the top 20 alt-coins breaking out with bitcoin. There are much higher returns for those investing a few thousand dollars in an alt than in Bitcoin. 200% is much more realistic for an altcoin that is $0.05 than 200% on $10,000. But, the sky is the limit.
Disclaimer: Cryptocurrency market is notoriously unstable and are easily influenced by external events. This is no guarantee of a breakout. This analysis is based on past events and indicators. Dates are not predictions, as bull/bear markets seem rather sudden.
Litecoin Price Analysis - $100 $LTC By End of October?
Relative Strength Index: The RSI is currently at a healthy 51 points and rising. We caught LTC/USD right at the rebound after it retraced down to $71.1.
Bollinger Bands: Litecoin is currently within range of the two bands after briefly dropping below the lower band an hour ago.
Volume: Unfortunately, the volume is extremely low right now which is surprising given that it's the start of a new week where markets are usually more active. However, volume can go from 0-100 extremely quickly if the market start swaying to either side.
Litecoin Price Prediction
The RSI and Bollinger Bands are both indicating that LTC/USD will trade sideways. Litecoin's volume reinforces the sideways market because of how low it is.
My short term prediction is that Litecoin will stay above the $71 level at least for the first half of the week. As the news about Litecoin summit spread, I believe it will have a bullish impact on the market and we just may see a $100 Litecoin by the end of October.
Read Full Analysis: NullTX
Ltc short 2019 - 9 - 7.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Support me, follow and like
LTCUSD Falling Wedge ."In the name of Allah, the Most Gracious, the Most Merciful"
LTCUSD Falling Wedge.
We need to wait for Full Breakout Confirmation.
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan.