LTCEUR trade ideas
litecoin in few hoursI stick to my yesterdays forecast of LTC/USD. NY opening should be bearish today.
A little futile resistance As the title says :P, A small rise followed by a fall.... 84 eur and 90 eur are the magic words to jump off before the fall ;) ** not financial advise **
LTC takes a little break before a last runLTC has shown great strenghts in the last months, but we can't say the same for the very last weeks!
However, even if for this time LTC didn't manage to follow the incredible run of BTC in price, we still have hit some of our targets. Remenber: we told you to buy around 90e / 100e and we are back in this arena. So, if you don't have some LTC yet you can buy now but I'd strongly advise to wait for a clear rebound at the lower bottom of the arising channel which we are going to hit soon (if we didn't have already).
Stoch RSI in daily is still in the zombie territory, ranging lower than 10 for few days now. Not validating an entry so... Magic indicator also tells us that we might not have seen the exact bottom of this shit show! But be careful of a quick recoveyr of big bro' BTC. LTC's halving is happening in around 30 days, so we should see some greed here. That's what I'm betting on anyway eheh.
TP1: 115e hit
TP2: 125e hit too
TP3: 160e still in sight but I'd recommend to cash out at 150e
TP4: 180e MIGHT be possible right before halving (& sell the news drama few days before), but I doubt it will reach this area easily. I would recommend to only keep like 25% of your LTC bag for this sell area.
LTC/EUR - First signals to start correctionOn a daily timetable, the MACD has a triple divergence, but we still have to remember that the indicators are late for the market price.
At the beginning of consolidation, consideration should be given to adding to current positions.
If we look at the latest price movement from 58.0E to 128.0E, the good entry level is 50% FIBO - 94E. This entry point level is applies to the H4 timeframe.
In the daily timeframe the entry point is around the level of 75.62E.
If LTC/EUR has make a lesser adjustment, the entry point is in the range 103-108E
NB: The levels used should be considered as zones!
Support level reachedWe reached the bottom of the ascending channel. Expectation that we rise up again after this consolidation days back to the top of the channel. Let’s c.
Litecoin , buy now using FIAT.Just got home and ive noticed a nice opportunity on litecoin.
I did buy litecoin using EURO, or FIAT.
Definetely i wont convert or buy bitcoin now.
I ll post it here when i close it.
Bearish divergence on LTC/EUR 4h chart, with decreasing volI see Litecoin losing some power on 4h charts. Price hit a higher high with RSI and volume decreasing. Possible correction coming up. Buying opportunity @ around 110€. Next possible stop @ around 90€. Any comments appriciated!
Triangle breakout soon on LTCEURRemember the ascending triangle I mentioned in previous posts? Look how confirmed and clear it is. We are reaching to the breakout point. Usually, the breakout is bullish. I expect it will target 136 euros which is at the resistance of the longer term ascending channel.
Ascending Triangle confirmation in LTCEURRemember the triangle I mentioned in previous post? It is confirm again. A short term ascending triangle within the long term ascending channel. Yesterday I bought at the support line at 119€ today I sold at resistance line at 124.5€. Continue monitoring these trends with MACD and RSI and volume is key.
Bearish crossover on daily chartTo confirm my idea three days ago, I said (almost crossover) on the MACD chart. Today, the crossover happened, which is a bearish signal (MACD under Signal). I still think we are moving towards the support of the uptrend channel, with shorter uptrends and downtrends.
Another thing to watch is the ascending triangle more visible in the 4 hr chart.
My updated target is at 107 EURO
Symmetrical triangle on 1 hour chartAlmost reaching the tip of a symmetrical triangle on the 1 hour chart.
Volume needed.
I still think we should touch the support line of the long terms ascending channel as in my previous posts.
Short short-term viewAs you can see in the chart, my analysis is based on 3 indicators.
1) we are moving downwards towards the support of the very clear uptrend parallel channel.
2) a cross over between MACD and Signal, where MACD become under Signal, this is a bearish signal.
3) we have 3 lower highs histogram.
To put all in one picture, I will wait until we reach the support of the channel. Since we have lower highs histogram, it is possible to break downwards. I will wait at the support line until it becomes clear whether it will move back towards the resistance level of the channel or break downwards.
P.S this is not professional financial consulting.
Ltc-Euro idea I am not professional analysis, I have been into crypto back to 2016, has been checking and learning how to analyze, this is my idea where we gonna get price changes, This is not investment advice by the way
Uptrend channelLTCEUR is in an uptrend channel. Currently on top of the channel. I will sustain from buying until more clarity, either to touch the support line of the channel or breakout upwards. If it breaksout, target is 133€ which is equal to width of the channel.
