Looking Good Honestly feeling really good about this chart, probably some of my best charting so far!
This is not financial advice.
LTCETH trade ideas
LTC ShortA week ago, we examined the LTC chart and the downward falling wedge pattern we observed (medium.com). As of last night, LTC has broken through that $75 level and is trading a few dollars south of $75 this morning. All we see is ‘air’ down to $60, meaning that if a selloff precipitates throughout the crypto space, we do not see much support until the $60 level.
Another chart that had caught our eye we wrote about on March 26th, the LTC/ETH Trading Pair (medium.com). We happened to put this “Mean Reversion” trading piece out right before the April 1st crypto rally, which caused the trading pair to appear as though it was making a massive break-out. As prices have settled down and consolidated over the last month, we see this trading pair has made a retracement right back to the ~0.438 level of late March. We believe this confirms our thesis, along with the price action seen in December, that the trading pair will not be sustainable north of 0.500.
LTC/ETH trading pairSince the beginning of February, we have been watching the outperformance of LTC versus the remainder of the top cryptocurrencies. We have been eyeing some spreads and think this recent rally of LTC presents an opportunity to employ a mean reversion trading strategy. This kind of strategy involves making a bet that prices will return back to the historical average price level. From the chart below, we can see how the recent rally in LTC started around February 7th, as the relative return on investment in percentage terms pulls away from the other top 5 coins. The laggard in this chart is Ripple. BTC and ETH remain close to unchanged.
www.cryptocurrencychart.com
A chart that really intrigues us is the LTC/ETH trading pair. This spread is currently trading ~0.437. In December 2017, this spread rallied from 0.20 to 0.50 in the matter of two weeks, only to slam right back off. This trading pair remained within a channel between 0.15 and 0.325 for the full year of 2018.
The 200-day exponential moving average is currently ~0.30 and the 50-day exponential moving average is ~0.38. It appears there is some resistance at current trading levels around 0.45, similar to what was seen in December of 2017. The LTC/ETH chart appears it may “turnover” as the purple curves depict in the chart. If this indeed occurs, you may see this trading pair price 'mean revert' back into this historical channel.
LTCETH 4H BUY THE SUPPORTMajor support on the 4H, combining with overbought as well as divergence. There will be a big change of a reversal. Wait for confirmation before going in the trade.
TP1: 0.3595
SL : 0.31
LTC/ETH double top expected!Hi there,
As you see here we have been bouncing from EMA15 and also forming a bullish divergence on MACD
Trend based RSI level beneath EMA 15 can be used as stop loss while the target can be a double top . TRADE SAFE!
^^DYOR ** Its only meant for educational purposes.
Get up with LTC, ya you know me.While ETH is slowly waking up from it's slumber, LTC has been ahead and off the radar. TX is faster to send and then convert to it's big brother who is sleeping behind the wheel.
Alts may rally well before BTC due to manipulation...
for alts amateur where to buy and sellfor alts amateur where to buy and sell
y the way, if you want to invest in crypto mining, Genesis Mining is pretty decent In My Op (me I got all my initial cryptos from there); here is the Genesis Mining Promo Code that I got: LSfs3q
Rare analysis on LTC/ETH pairing; 1day C&H + Golden Cross We can see here on the 1 day chart of the ltc/eth pairing that we have a golden cross and an obvious cup and handle set up. Probability favors a bullish break upward above the rimline but you want to wait for 2 consecutive 1 day candles above the rimline to confirm the break because a fakeout is always a possibility even with a golden cross...if we break upward I have posted the expected price target here in the green box. The question is if the breakout does occur will LTC make its gains on ETH by ltc going up or eth going down
LTC/ETHMay be worthwhile looking at some ETH Pair trades. The charts are performing much better than the USD and BTC Pairs.. Maybe people getting rid of their ETH?
LTC/ETH is playing a big 5 wave set.
There is a possibility for the beginning of an uptrend in LTCETHTechnical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary retracement to suggested support zone (0.17800 to 0.16600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17800)
Ending of entry zone (0.16600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.2044
TP2= @ 0.2188
TP3= @ 0.2344
TP4= @ 0.2519
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
There is a possibility for the beginning of an uptrend in LTCETHTechnical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary retracement to suggested support zone (0.17800 to 0.16600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.17800)
Ending of entry zone (0.16600)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.2044
TP2= @ 0.2188
TP3= @ 0.2344
TP4= @ 0.2519
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
LTCETH - High Volume ALT coin strategySimple 15min time-frame strategy which works well with so far XMRETH 1.39% , ETHBTC, LTCBTC 1.10% , DASHETH 4.86% 4.86% .
Does not work well with FX, Commods, BTCUSD -2.06% , XMRBTC 1.89% 2.01%
LTCETH: (8% return over ~3 months = ~2.7% a month return on investment, 0.66% max drawdown, total of 12 trades = ~ 1 trade every 8-9 days)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
i guess Litecoin has totake a little break before it get back upi guess Litecoin has to take a little break before it get back up.
ltc looks it nee to rest right now however it's highly probable that it recover...
