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Ltcusdshort

LTCUSD SHORT 7%LTC has formed a diamond pattern setting up for a trend continuation or reversal of over 5% from either APEX. LTCUSD is now trying to hold on to support at $42.05 and is now testing the lower diamond trend line. Upon breaking the trend line followed by a confirmation of a break of the diamond apex a move of 7% downward to just above $39.05 should complete. A bearish break is is supported by the overall trend, declining of RSI, MacD and OBV on the 1, 4 and 24 hour time frames. An upward break out of the diamond would invalidate this analysis. Technical analysis only. Not investment advice.
COINBASE:LTCUSDShort
by alexhiggins732
1
LTCUSD a bullish reversal pattern is appearedHi friends hope you are well and welcome to the new update on Litecoin. The LTC coin is again at the support of the channel therefore in today’s post we will try to see whether it will break down the support or not and what the price action can do next. Harmonic moves with consistency and continuity: In my previous article we have seen that on the daily chart the priceline of Litecoin Is forming different harmonic patterns with consistency and continuity. 1st the price action formed a bearish Butterfly then the priceline of LTC formed a bullish BAT and after the completion of this bullish BAT the price action fromed another bearish BAT pattern and now the price action has again formed another bullish BAT pattern. At the moment the priceline is moving in the potential reversal zone since 11 June 2020. But we should set the potential reversal zone as our stop loss strictly because if the PRZ level will be broken down then the price action can move more down to form bulish Crab pattern. The support of all SMAs are broken down: If we watch the different simple moving averages with the time period of 25 50 100 and 20. Then it can be easily seen that the priceline of Litecoin has broken down all the simple moving averages and has no support of any SMA below the candlesticks. Therefore I would repeat again that we should take care of our stop loss and you can set your stop loss point at the maximum extent of potential reversal zone of BAT pattern. Movement in up channel and EMAs: Since mid of March 2020 price action is moving in an up channel and during this movement it is using the exponential moving averages with the time period of 10 in 21 as good support. At the moment price action of LTC has broken down these two exponential moving averages but having a strong support of up channel. If this channel will be broken down then a new bearish rally can be started that will take the price action more down. On the long term weekly chart I am waiting for the formation of bull cross between 50 and 100 simple moving average. If we take a look back at 2016 to 2017. Then after the formation of the this bull cross if a strong bullish rally was started that led the price action to $370. And this is the highest price ever. A bull flag between 50 and 100 SMAs was formed in Feb 2020. And after this cross we witnessed a powerful bullish rally in that month. But that cross was formed above the price action the difference between this bull cross and the previous cross is the previous bull cross between 50 and 100 simple moving averages was formed blow the candlesticks but current cross was formed above the candlesticks. If we want to see a powerful bullish move like we have seen back in 2017. Then we need this cross below the priceline. At this time the distance between the candlesticks and moving averages is very small. Therefore at anytime price action can cross up the moving averages and we can see a bull cross formation below the candle sticks. Conclusion: Even though the distance between the moving averages and the candlestick on weekly chart is very small but this is a fact that at this time the priceline has no support of any moving average on the daily chart. Therefore we should take care of our stop loss. However the BAT formation can save the priceline to break down the channel. And if the price action will take the bullish divergence from the potential reversal zone of the BAT then the price action can move up at least up to the resistance of the channel and that is at $50.
BITFINEX:LTCUSD
by moon333
1
#LTC/BTC Long term 250%+ Potential Profit.Hello everyone welcome to this update. If you're looking for some long term investments, LTC is one of my favourite pick. Let's get back to the chart. The chart seems very bullish right now. This certainly seems the bottom of this Chart. Whenever LTC touches the black Long term Trendline support we have seen massive rally in LTC. IMO This could be the best price to accumulate some LTC and add it to your portfolio. Technically: Double Bottom in Macro TF : Very bullish Structure. Bullish Divergence in RSI. Seems like a good point to accumulate here. Stop Loss will be : 0.046 (In case it prints a new low which is unlikely) If you like my work please hit that like button and follow me for latest Crypto updates. #PEACE
Long
by Cryptorphic
4
Litecoin/Bitcoin Potential Major Bottom (LTC)This is the double bottom I mentioned in the last post as you can see it settling on the red support and green support. Overall the btc pair looks really good. My main confirmation is when I start to see the 3day and weekly start to show signs of green for a long term hold. I wouldn't blame you if you got very aggressive around here for a long term hold. Just need to see that trend change and support hold as we approach it. Have an awesome day!
by UnknownUnicorn2319099
#LTCUSD ANALYSIS.. BROADEN THE PERSPECTIVE.. Big picture in #LTCUSD may be giving us important clues about price movements in the future.. I think it is meaningful to diversify approaches especially in the process we are in.. In the #LTCUSD monthly chart, Tom Demark has closed the red 2 last month, we can clearly see how the TD indicator has produced signals in similar situations from past to present, we can easily say that it is not positive for the medium-term.. Furthermore, Litecoin is below monthly ma20, this is also bearish.. In the chart, I expressed the price movements likely to occur within the descending triangle and falling channel.. My expectation is that the price will drop to $ 13 in the medium term.. We will wait and see.. You can find my thoughts about Btc and Eth in the link below.. Sometimes you need to break your knees a bit more to jump higher.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:LTCUSDShort
by OguzhanSengor
2
LTCUSD - INTRADAY - 18. APR. 2020Welcome to our daily trade setup ( LTCUSD )! - 1 HOUR Slowly rising market its its range high. 4 HOUR Bullish market need a pullback to the downside especially on smaller timeframes. OVERALL Market ranging, expecting a push to the downside. - CRYPTO INTRADAY SELL LTCUSD ENTRY LEVEL @ 42.640 $ SL @ 43.010 $ TP @ 41.850 $ Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
BITFINEX:LTCUSDShort
by DACapitalTrading
7
LTCUSD Bearish Analysis My Target $29.50#LTCUSD Bearish Analysis: current price of LTCUSd is $38. #LTC looking bearish as per Chart. if #BTC also continues fall down then we can see #LTC around $30. if break small support $34 then we can next move towards $29. so best opportunity to buy #Litecoin between $21-$30. because Very strong support of Litecoin is $21. So $21-$30 is very best opportunity to accumulate more #LTCUSD. support: $30/$21 Resistance: $45 Keep an eye on chart for more updates. Please like and follow me for latest crypto updates. Thank you
BITSTAMP:LTCUSDShort
by CryptoPatel
11