LTCEUR trade ideas
Litecoin/ Euro slowly but surely climbing backLitecoin/ Euro seems to have bottomed completely and is forming a nice reversal pattern with an upwards triangle formation. RSI is looking good, so it should resume bullish trend into the next Fib retracement zone going up to max 229€, visiting previous high where is likely that will take a breather.
Litecoin in Strong resistanceLong at 175€
Price Target @225€
Stop loss at 167€
EMA 200 is our Major support.
EMA 20 trying to flip EMA 50
EMA9 has already flipped both.
RSI as of writing is at 63, which means it still has room for upward movement.
If today's candle closes as a "hanging man", the movement could be delayed by 1-5 more days.
Litecoin going down to approx. 125 Euros or up to 250 EurosPlease ignore previous analysis.
Updated my analysis taking in consideration the LitePay event to be announced on February 26th.
We might see LTC reaching 250 Euros (Green arrow) if we break trough the resistance. Another possibility is that LTC goes down to 125 Euros if it breaks the dashed line (Red arrow).
Either way at this moment the MACD seems to be bearish as shown on the chart, so be careful making your decision.
Also when setting your stop loss keep it a bit under the blue line if you don't want it to be accidentally triggerred when it falls to support there.
All roads lead to $300 for LTC4HR CHART
Option 1 = Bullish Pennant - UP UP AND AWAY
Option 2 = Bearish Pennant (retraces to 0.618 line of support from recent bull run which started at a low of €83 - from there a new uptrend with litepay release as a catalyst)
Option 3 = little to no movement in price over the next week until closer to the Litepay launch
TA on the 1D chart
-RSI 60% - still room for growth
-MACD - bearish - 12-day EMA looks to be diverging below the 26-day EMA (NOT YET CONFIRMED). (NOT SHOWN ON THE CHART)
THOUGHT = Do you think there is a possibility people will sell their coins to ride a BTC bull run - which may support option 2 and a sell off/correction of LTC ?
Taking profits
1) €240
2) €282
3) €340
4) €525
as recommended from alanmmasters
bullish pennant flag LTCThis is my first Idea, don't take it too serious.
Let me know what you think of it.
Litecoin going down to approx. 125 EurosLitecoin seems to be going down to 125 Euros. So short for now and wait for bullish signs.
LTC plans to make a little step back after the fork!I'm not a pro trader but i believe that the next week for LTC will be a downtrend bringer at least until all the LCC are claimed and we will have a clear path of this new fork to.
LTC DROPPING MORE! BUY SOON30 min chart is forming a bearish flag. It should go to previous resistance.
Can we break resistance?LTCEUR has had a nice bullrun after breaking out of the downtrend channel.
However, the sellwalls are pretty tall and we need the trust of the community back!
LTCEUR is just recently testing the resistance again. If resistance breaks, i guess we will see the 250 soon.
LTC Update - HoldWe were buyers on LTC at 100-120. Some good news out on LTC now with the LTCPay deal amd the fork, could we be heading back to 340? Surely not? But in crypto anything is possible.
LTCEUR - are bullls back in town?Seems like LTC is priming up for a good run on the 1h timeframe!
On the 1h timeframe we can see a pretty big Bull Flag that has just broken above the 0.618 Fib ; MACD just crossed; and seems like RSI is showing us a Bullish divergence as well.
What are your thoughts on this?
Still learning so your feedback is more than welcome,
GG traders!
LTC crosses 185EUR - 230USDLTC was at the cross-point of the down trend and up trend. Now it goes up... i think it will be a good thing in a short period investment-
Correction before resistance line LTC/EURLTC/EUR tested the blue resistance line at 190.60 twice already and might test it again. If it doesn't break the line there will be another correction and retesting again. If it breaks it will definitely keep rising.
LTC/EUR Downtrend if staying in channel.If the price keeps following (not breaking the upper line) the trend channel it will continue downwards. Low buy momentum and about to be overbought. If it bounces you should definitely sell if you're holding LTC short-term. Too little evidence to recommend going short.
LTC/EUR testing upper resistance line twice.
LTC/EUR was testing the upper resistance line in a general up trend. If the price breaks the line I expect the price to jump and continue in a slight up trend.
first idea ever, feel its pretty easy on this ltc one right so..just seeing if I'm in the right direction at this point. let me know what you think. thanks
