$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.
Ltcusdlong
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.
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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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Adil Khan.
LTC - Buy and SellBitcoin on the sidelines will be a couple of days
I think it will just give the opportunity to the movement of other violas.
Entry point is
Stop loss it is clear where to put
Waiting for the target