Litecoin (LTC), released in October 2011, is a global decentralized digital currency, based on blockchain technology. It is often referred to as a lightweight Bitcoin, because it's technically nearly identical, but substantially cheaper. All transactions are recorded on a public ledger called The Blockchain. It allows faster processing and faster transaction confirmation. It has the fourth largest market capitalization of all the cryptocurrencies and is carried by many exchanges.
The number of units is capped at 84 million and almost 49 million are in supply. Because of this cap, inflation won't decrease their value. Litecoin miners use their computers resources to support the cryptocurrency that's based on an open source protocol and get rewarded with Litecoins if they have done a certain amount of cryptographic work. Units can be bought or sold against bitcoin or against a fiat currency like the USD or the EUR. You can also purchase good and services with them.
Bitcoin is now trading right at the top of the side-wards resistance, and appears to be showing strength right at this level! 4 candles back there was an impressive pin bar candle which appears to completely decimate the bears and shows a genuine bullish buy back. I know someone will say "But tom that candle looks like a hanging man therefore you're an idiot", ...
Ethereum had a massive down turn. I mean, not only did it completely get decimated to the downside, but it even decoupled from Bitcoin for a short time and then went it's own path, which was down massively. Price is nicely above the 20 and 50 moving average at present and looks quite comfortable up there. Due to Ethereum decoupling from Bitcoin, even if bitcoin ...
Price is currently trading at 6700, which is right at the moving average converged resistance levels, and right up against a new side-wards resistance line that can be found on my chart. (For more information on the moving average converged resistance and the horizontal resistance in play, do see my related ideas link below for more information regarding this.) ...
Last week, Litecoin managed to break above the last major down-trendline, which is very good sign for LTC' but currently, the price got a bounce downwards from the strong area which is around $62!Several attempts now, and historically a strong area, has failed and we are heading into the consolidation box.
On the four-hour chart, the consolidation box upper line ...
To me, it will either do a new Alltimehigh in OCT or DEC. DEC would mean, it all would pretty much repeat from last year. OCT means, crypto will go AllTimeHigh very soon and do a faster correction (maybe 2-3 months).
The 2 ideas pretty much are my views for BTC/USD too.
White line is DEC Alltimehigh, black line is OCT Alltimehigh.
LTC bottomed at $46/$48, and formed a good accumulation box with double bottom, with a 1 day bullish divergence. we should see a nice pump in the incoming days
The 1 hour timeframe of the USDCAD shown in this analysis is from June 11, 2018 to present date. Commentary provided below is based on the numbers marked on the chart.
(1) Bearish trendline in the USDCAD that was most recently tested on September 6, 2018 leading to price moving back support around ~1.2888. The bearish trendline and support do form a descending ...
Hi , we start tu buy EXPANSE , We expect biger move by the reaso we will hold it e few weeks under conditoi the first level will reach and close above strongly
LTC broke descending triangle on logarithmic daily, current testing 50 MA (62$area) if can break above this is clear indication of a break out
TARGETS 71 -110-190
Last LTC Short was closed...Gonna ride this beetch until it fails...
Thus usual plan of attack is mapped out, demarcating zone of interest and targets.
Never Financial Advice, jus Game...
Longmoney
Description: If you're NOT running a Litecoin short we aint talking to you.
Indicators used: Meh..
Timeframe: Irrelevant. Always short $LTC
Shout out to: Huobi Whalegroup for that sweet inside-information
After we made a breakout from the triangle (watch my last Bitcoin Idea post), Bitcoin' has shown some strength so as the overall crypto market, enjoy Your profits!! ;)
It has broken above all the main resistances in this area and now it could possibly make a retracement on the blue area ($6767-$6900) and let's count those criteria:
1. We have historically worked ...
