Dear Artemis, I have noticed that Litecoin is touching a thin line, a thin line that connects the high of April 5th 2017 with every significant low that Litecoin has had during the last year. A line that represents the uptrend with the dreams and ambitions of every bull; bulls who have managed to erode the downtrend in margin positions and are outnumbering the...
Hi all, Haven't done an LTC chart in ages since it has gone sideways for over 45 days and I trade trend, so naturally, sideways movement are my enemy. going to keep it short but sweet and sum up all the patterns to watch: Whenever the price moves up for within the sideways channel several things repeat themselves: -> move down with a triangle pattern. -> ...
Litecoin is doing the worst of the 3 between BTC and ETH I still have great confidence in LTC, so keep your faith strong You wanted LTC to be below $150, well... your answers have been met Watch for a couple things: - Not looking too good for LTC - Dropped below the cloud - Testing major support @ .786 Fib - Volume is declining - Watch for the test of the trend...
We saw BTC hit hourly RSI of 21 last night as we broke $8k psychological support. The bounce that has followed has not been particularly strong, so we are looking for a lower high. I am personally not entering anything without hourly RSI in the 20s or a 4 hour trend change with a higher low and higher high. If we get the 4 hour trend change, our new daily...
Here we are for a new analysis for the short-term for LTCUSD. As you can see on the 4-hour chart, we have just found a new possible bottom with a clear rejection of the 23.6% Fib level. On the RSI, we have a one-week bullish divergence that indicates we have an opportunity to make benefits on the short-term. In fact, we would retest the 38.2% Fib level within...
resistance at 180 and 200 then into the 220-245 range.
Bearish until $115 - $120, then long until $190. The lines drawn have been consistent support/resistance since early December 2017.
Short follow up to my 4/25 and 5/12 videos in (links below), which I called $130 as my target zone to buy more LTC. We've just hit this area within the past few hours, so I'm happy about that. I think there is room for more downside, which I explain in the video. At present, I'm not making any mores unless price drops to that level or we see moves up to my...
$LTCUSD is still too high. I posted on this 2 weeks ago. At first it seemed like we may have broken out of the pennant early but that's quickly come back down. The triangle has corrected. That's a good sign though. It suggests that the bulls are hungry and once support breaks through resistance it's a big moon from there, perhaps comparable to what we saw back in...
Ticker: COINBASE:LTCUSD Timeframe: 3h/1Y Just a quick Elliot wave and fib analysis. Grey area is my buy and pray point. Short Term: Bear Mid Term: Bull Long Term: Uber Bull
The 20-period moving average (MA) has crossed over the 9-period moving average 4x times according to daily price chart between last December (2017) and now. Each of the 4x times, price historically followed with a decline by over 20% - one such instance (the 3rd crossing) by over 62%. Based on the daily chart, the 20-period MA will be approaching the 9-period MA...
Litecoin jumped off the support area at $134 yesterday and went upwards. The currency pair has broken through the resistance area at $138 later on Wednesday. However, bulls have met a resistance as Litecoin price was close to the lower side of the Ichimoku cloud and buyers were unable to cross it. LTC/USD returned to the support area at $138 and even tried to...
I see a bull triangle its implementation will allow to break through the resistance zone with an exit to the target 200 usd
My apologies for not posting. I have been doing brief updates on twitter so it's suggested you follow @sessinpo. During that time, I suggested hedging any long position as we are still open to a decline to 125 or so. The above chart illustrates a risk reward position taking for both bull and bear scenarios. Manage your risk accordingly. Myself, I have my core...
My apologies for not posting. I have been doing brief updates on twitter so it's suggested you follow @sessinpo. During that time, I suggested hedging any long position as we are still open to a decline to 125 or so. The above chart illustrates a risk reward position taking for both bull and bear scenarios. Manage your risk accordingly. Myself, I have my core...
LTC is currently trading within a channel on the hourly that is hard to feel good about as a bull. I am still patient and waiting for a trade to come to me and it is not happening here. I will be looking for a BTC flush of $8k or a clear break of resistance before looking for a trade. This is a good time to establish a game plan for both scenarios of direction,...
LTC has 7 days to move inside the house and prove someone lives inside by having a daily candle appear inside the window. If LTC can do so, perhaps the tenant can climb on the rooftop and reach the chimney towards the clouds. If the tenant (LTC) fails to get on the roof and gets rejected, then LTC is getting kicked to the curb, where bag grabbers will happily pick...