Ltcusdshort
LTCUSD - Short Trade Idea 141.00 targetLTCUSD, 15m, Sell
Entry - 149.00
Stop Loss - 151.00 (20 pips)
Take Profit - 141.00 (80 pips)
lets see if the descending trend continue to targeting.. 141.00 target near to daily low and a strong support
ltcusd reject the resistance multiple time and formed a double top pattern
LTC Possible In Huge BearishWe are under the ema right now. Unless it break above the ema. Now the market is in bearish. We can see the price is droping tremendously. LTC easily reach 117. If it cannot support at this price. We can see it possible drop until 50 again. This is not a joke.
However is a good sign to short the market.
LTCUSD Short OpportunityHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for LTCUSD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
LTCUSD 1D Short-term/Day-trading SHORT/BEARISHLTCUSD 1D Short-term/Day-trading SHORT/BEARISH - Litecoin has seen an incredible resistance at the 0.5 of the Fibonacci Retracement, we currently see a little support on the 0.236 of the Fibonacci Retracement as well so this is what can happen, if the 0.236 of the Fibonacci holds a strong support than $164.39 was the LOW of the downtrend, if we break the 0.236 than our next target is the Daily @ $166.58 where we might see support, if we lose Daily $166.58 than we proceed in a strong downtrend and our next support is at the 0.618 of the Fibonacci Extension ($162.97) HAPPY TRADING!
LTC Dead Cross- BearishLTC has the following situations :
- cross EMA 21-200 Daily
- Dead cross EMA 50-100 Daily
- Bearish Triangle is broken, retested already, and downward
- RSI divergence
-OBV bearish
- long red shadow to 118, I believe this is the point we are seeking for.
I am in Short but not financial advice.
LITECOIN Bearish Bias! Sell!LITECOIN fell sharply from the highs
And we saw a nice rebound during the last week
Now, the pair has formed a bear wedge pattern
While trading below a strong horizontal resistance
Which makes me bearish overall
And I think that after the resistance is hit
We will see a breakout of the wedge downwards
And a bearish move towards the lower demand levels
Sell!
LTCUSD IDEASo my previous litecoin chart played out. We hit the yellow trend line.
We're currently sitting just underneath it and inside a rising channel.
2 potential scenarios that can play out drawn with the red arrows
I am leaning towards a retest of 157 before a continued move up.
Let me know what you think.
Will link my previous LTC chart below