1. Continuation triangle narrowing 2. Bullish Stoch RSI cross on daily LTC/USD 3. Green 4 hour candle 4. Good support on LTC/BTC cross Strong risk reward play. Would add more at bottom of triangle (~$42/LTC) with a stop loss below the triangle and/or support on LTC/BTC, depending on how you prefer to trade it
Bulls are holding overnight gains well and close to a 15 min Bull MACD cross. This breakout is in response to an announcement that an announcement is coming today : ) Unless it is ground breaking, we should anticipate a likely sell the news scenario as this bull move is already pricing in bullish news.
Litecoin hit a breakout point at $44.64. Looks ready to test $50.
Hey Guys, I am new to trading and constructive criticism would be highly appreciated. Findings: - Bullish Penant at 1d LTCchart - It looks like the correction has stopped at the bullish red support line (being rejected quite harshly twice) - Stochastic RSI looks oversold and preparing to turn upward Overall, I have been long since $42.2 and would add more...
Hello Traders, We hope you are enjoying the weekend so far! Here is a short term long setup in Litecoin. We will buy it at around 45.21 with a stop loss below 41.81 and initial target of 52.46. We will cancel the setup when it breaks the high of 48.65. Hope that helps and trade safely Cheers
Hey Guys, Hope everybody is doing fine. Litecoin is not offering us currently a trading opportunity but we are still looking for more upside. If the market gives us a good structure in the orange arrow we will be buying the pullback. But as of for right now, we don’t like trading it. (DON’T TRY SELLING THE MARKET) The market is still long and we favor only the...
At the moment I think that LTC is currently undervalued. LTC has closely followed the trends of BTC in almost every way. Recently when BTC crashed LTC fell with it, and while BTC has recovered LTC still remains at a low. I think that there was a lot of doubt around the rise in price for BTC so LTC did not follow, but if the current trend keeps up for BTC and it...
I'm still bullish on LTC long-term, especially given it's strength in the crypto down-draft from a few weeks prior. The technicals look challenged right now when you look at a longer-term picture (see graph). Any significant weakness I'll use as an opportunity to add to my LTC/USD long.
Hello Traders, Here is a short update on the litcoin. We remain bullish and it needs to stay above 0.00986542. As always never risk more than 0.5% on each trade. Cheers
Litecoin has convincingly broken out of the downtrend channel of this decline and resuming the trajectory of an uptrend once again. It tested the bottom of the uptrend channel and broke all the way through resistance of the downtrend channel. This remains the strongest cryptocurrency technically as the others are still within their downtrend channels.
This is what feels rite to me now. A bit less dramatic but still going down. Take a closer look to my avatar. There is a million+ charts in there going in a cycle. All connected to each other, creating something. Things just don't go on a line up or down. And please, look at somebody's old ideas before you follow. Lots of sun seekers and copycats that agree on...
Are you wondering where my big red wave line is going to ? Here you have my long time Litecoin feelings. Don't panic! Remember that it's you, taking money out of the market that makes it plunge. And don't forget to pay of your karma-debt! Thanks
I expect Litecoin to reach areas in the sixties around mid July. You can see our trend is consistent with Gann fan. I expect price to retrace a bit before hitting some new highs in the coming weeks! Like and follow for more :)
I see a pattern replication that we've just completed our second major peak on. Expect a series of drops over the following days coincident with the fibonacci. I expect price to dip below $40, at which point buying is advisable in this bullish market.
Just having some fun in response to the "LiteCoin in the Final wave" post. I think it is always a good idea to step back and look at the big picture. Keep in mind that Litecoin has had this boom in large part because it's tied very strongly to Bitcoin charts, and bitcoin has also rocketed from 1200->2600 in the same timeframe. If Litecoin goes down, Bitcoin and...
Litecoin after recent high happened last week after Charlie Lee announced that he quit working for Coinbase and will do full-time for Litecoin development market just reacted quick and too the price to $50 use a coin. Now the chart lost the steem and the market is today overbought lost the grip in the near term support i assume the market will drop more and the...
ETH is looking bearish & LTC has held up very well the last few days alongside BTC. Nice bounces off the support, good chance for a leg up prior to BTC drama going mainstream in the coming weeks if the volume increases Let me know your thoughts