Litecoin Enjoys Longest Bull Run Since 2017The price of LTCUSD is now the longest bull market run since the run up to record highs back in 2017-2018. Moreover, evidence suggests there is still a bit of room to run before we run into some technical overbought territory as suggested by our SSI and sentiment indexes. While Daily FX does not provide sentiment analysis for Litecoin as they do for Bitcoin, we can definitely use this data on Bitcoin as a proxy for Litecoin as Bitcoin tends to be the market leader in price action because it is the higher liquid marketplace. Even so, we know that Litecoin and Bitcoin are clearly cointegrated. More on that and Litecoin here: anthonylaurence.wordpress.com
At any rate, we could still see some upward momentum in LTCUSD which, again, is a much better performer than any of its major peers in spite of its relative illiquidity compared to Etherum or its the crypto behemoth BTCUSD. That said, risk off sentiment will probably lead to price volatility in the crypto market if we see a broader selloff in other high risk markets such as corporate debt, or junk bonds. Expect that to also potentially occur definitely in the next year.
For more analysis, please check out www.anthonylaurence.wordpress.com and please feel free to leave a comment.
Ltcusdshort
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 100%, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 60.93 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCH19-SHORT SCALP SETUPa short-term correction possible to 0.013-0.012 zone.
1.Volume decreasing with increasing price
2.Stoch-RSI bear divergence
if it breakout above the falling wedge then it would be strongly bullish but short scalp is less risky than long here
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
POSIBLE SHORT EN LTCBueno viendo a #LTC en días veo muy posible el short y si nuestro amigo #BTC termina bajando esta all nos dará un buen rendimiento.
Primero la entrada seria a los 60$ y lo cerraría en el soporte de los 48$ que el perfil del volumen nos confirma la fuerza de ese soporte, el RSI nos indica una divergencia también pero en caso que el mercado nos diga que estamos equivocados y LTC rompe con una gran vela los 64$ lo llegaríamos a ver por los 75$ o 81$
#rafcryto #short #litecoin #bitcoin #ltc #btc #usd
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD SHORT SET UPBouncing from key area
Completion of the fib extension
New fib matches Key support
I think LTC had a final push that matched the 27% extension to come back to the 50 dollar region, that is located between the 50% and 61.8% fib lvl, and also matches the bullish support.
A clean bear close might mean that we are coming down, if that happens i might buy at the 50 usd area
LTCUSD approaching resistance, potential drop! LTCUSD is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Is LTC Still Bullish Mode?? 1. As we can see 21 EMA daily is still green, which indicates we are still bullish (Green colour)
2. Support is around $ 43. Be careful if the price is under $ 43, it will turn 21 EMA daily to red. (Blue rectangle)
3. The closest resistance is at the 200 EMA daily around $ 51 (Yellow Colour)
4. This bullish trend target is around $ 63-70 (White Colour)
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5. If you missed the train, you can place order around support price with tight stop loss.
Good luck to you :)
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 48.81 (61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 41.59 (horizontal overlap support, 38.2%, 50% Fibonacci extension, 100% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 52.68 (horizontal swing high resistance).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.