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LTCEUR trade ideas

Is this a possible road for LTC ? Can we build a case here? Looking at a 4h chart, the volume of the RSI and EWO confirms the 3rd Wave. As we can see, the correction of the 3 Wave is finding support on the EMA waves as the meddium line of the pitchfork ( Modified schiff ). Looks to me that we are going to have a flat ABC. I would say that once the RSI hits the 30% is a buy zone. In a larger degree, after the deep retracement of the 2wave, we can confirm that LTC is starting the 3rd wave of a Minor degree. This information is not recommendation for a buy or sell. It's just my analysis. Any suggestions and others views/counts are most welcomed. Cya all Peace
Long
by Steven_Pereira
LTC: bullish reversal signal?This might be a potential bullish reversal since the downward move. For the second time it was LTC who was the first to initiate a potential reversal. All eyes are on big brother BTC, while in my eyes LTC is the leader of the pack. Bigger brothers aren't always the most charismatic ones. IF price closes above 190 LTC/EUR (235 LTC/USD), it might be a nice potential to find higher prices. This is just my interpretation of the current situation and NOT a recommendation to buy or sell. Future will tell. PN
by PruiseN
1
Mon idée suiteIl serait peut-être temps de parier POUR pas toujours contre. Parier POUR la vie, POUR l’avenir de nos enfants et de l’humanité, POUR une solution des problèmes de l’économie actuelle par une troisième solution… Que faut-il : que les plus riches qui détiennent la majorité des moyens financiers de la planète se délestent un peu au profit du reste du monde. Mais comment faire pour ? J’ai beaucoup réfléchi. A partir de 2006, j’ai d’abord investi dans l’or et l’argent puis depuis peu j’ai placé tout ce qu’il me restait de cash et que ma banque ne rémunérait de toute façon plus en cryptomonnaies : principalement LTC. Car ne serait-ce pas la solution ? L’argent pourrait changer de main et être redistribué, l’économie s’assainir et le peuple revivre. Une sorte de grand jubilé, non ? A mon avis bien sur c’est un risque, un pari, mais finalement pas tant que cela vu tous les problèmes amenés par l’argent dette, par la faillite de nos banques, de notre économie, de notre pouvoir d’achat. J’ai également le sentiment que bien d’autres pensent la même chose que moi et se positionnent exactement en ce moment en se battant pour un retournement de tendance tant sur les métaux que sur les cryptos. Qui vivra verra mais au moins j’ai le sentiment que mon pari est sain et positif dans ce monde devenu triste et fou.
Long
by dounyc
1
LTC goes to the North Pole to meet SantaDatetime : 23 Feb, 22:00 Berlin Time Since LTC seems to follow big daddy XBTEUR, I went bullish on LTC since I was bullish on XBTEUR. See my thought process on XBTEUR on 24 Feb in the related ideas section to find out why I was bullish on XBT. Also, note that that LTC clearly shows massive upward momentum following the downtrend with significant high on the MACD. This is a clearer sign of an upcoming uptrend. What trade did I execute? Time of entry : 22:09 Berlin Time Trade type : Limit Buy Direction : Long Trading pattern : Anti Entry : 164.8 Stop Loss : 132 (Last time I traded LTC, I got washed out by volatility caused by a failed breakout, so this time I made sure my stop is far away from the last low of the downtrend and even below the next support level at 137.9) Take Profit : 25 % at 182 (estimated end of next trend leg) and 75% at 192 (estimated end of the third trend leg). This last Take Profit level is subject to change later depending on market action. Results will be posted when the trade concludes. Disclaimer: If you trade based on this idea, you are solely responsible for any profit or losses that result.
Long
by IHasACrystalBall
I long for LTCEUR, as she gives mixed signalsDatetime : 22 Feb, 2018, 21:33 Berlin Time What is the current state of price movement in the trading time frame (4H)? LTC tried to break out of the descending trend line in the form of the second leg of an uptrend but it failed. The failure is happening in the form of a downtrend, which has reasonable momentum. The price is currently near 160. It is unclear whether there is an important support level here. This level has served as resistance once or twice in Jan, 2018 (see action on 29 Jan e.g.), but it still doesn't look like an important level. Also, during the first leg of the previous uptrend, the price simply sliced through this level as if there is nothing. The downtrend continuing or a range is the path of least resistance. The downtrend is still well contained within the Keltner Channel, indicating that the selling has not reached climactic proportions yet. What is the current state of price movement in the higher time frame (1D)? In the higher time frame, the current level at 160 looks more significant. There is no support or resistance there per se, however this level featured prominently in the rapid downtrend of January. This is the level from which price dropped dramatically to the lowest point. In the higher time frame, we were in a downtrend. Here the action is similar to XBTEUR. The sharp upward movement after the lowest point in January, which is accompanied by a significant high in the MACD is indicative of a reversal of the downtrend rather than a simple pullback. However the previous high at 251 is yet to be taken out and the descending downward trend line is yet to be breached. LTCEUR tried to break out of the downward channel recently but failed. The upward movement after the January low seems more of an uptrend in this time frame. The sloppy upward channel is marked in the chart. Given the current price situation, we can conclude that the uptrend has definitely ended and it's almost impossible for the price to get back into this channel. Given all this, a range is most likely in the cards. The most likely range is between 137.90 and 176.20 The other option is that the downtrend will continue, even though this is not very probable. What is the current state of price movement in the higher time frame (1H)? The market is in a range following the third leg of the downward movement. There is a Wyckoff spring (but not too pronounced), which could indicate that the downtrend will reverse. Also the probability a fourth trend leg is always low. But another leg is of course the path to least resistance. Here things are more grey. A continuation of the downtrend and a reversal seems equally probable. What is most likely going to happen in the trading time frame? Let's start from the higher time frame. It seems that a range between 137.90 and 176.20 is in the cards. It's right in the middle of that range at the moment. The lower time frame says it could go any way right now. When all is said and done, I think that XBTEUR will lead the way here. If it goes up, LTCEUR will go up too and vice versa. XBTEUR recently broke out below the important level 8181.1. The question is whether the breakout was successful, and there is no indication in any direction to that question yet. The last pullback in the downtrend looks questionable in the lower time frame. There was a relatively high momentum and the current low is not a significant low. Most likely, but not by much, XBTEUR will see a reversal and LTCEUR will go up to test 176.20 again. What trade is reasonable given these circumstances? Going long seems reasonable, though position size should be smallish since this is not a high probability trade. The stop can be set a little below the last low. The take profit level should be the important level at 176.20. Trade that I executed: Trade type : Limit buy Entry : 157.73 Stop Loss : 149 Take Profit : 174 Time of Entry :
Long
by IHasACrystalBall