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.
LTCUSD is approaching its support at 29.39 (61.8% fibonacci retracement, horizontal swing low support) where a potential bounce might occur pushing price up to our major resistance at 35.33 (61.8% Fibonacci extension , 50% fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its support where we might see a potential bounce in price.
Trading CFDs on ...
I am looking at Litecoin (LTCBTC) and the retrace from the last bullish wave might be completed.
After reaching a peak on the 6th January, Litecoin (LTCBTC) has been on a full retrace. On the way down, it has been breaking support after support until the price starting to flatten out.
Here are the different signals that are pointing to "support found" for ...
Possible outcome here for LTCUSD, although our sample size for this play is small, it Litecoin follows this same pattern you can make some nice gains out of this trade
Hi friends! Welcome to this update analysis! Let’s get right to it! Looking at the 4 Hour chart.
Now, before we get bullish or bearish, we have to assess the data on the chart.
If the most recent arrow is red, you should be short. If the most recent arrow is blue, you should be long.
Keep your Stop Loss at 5% of the price.
Looking back at the action following ...
Hi friends! Welcome to this update analysis! Let’s get right to it! Looking at the 4 Hour chart.
Now, before we get bullish or bearish, we have to assess the data on the chart.
If the most recent arrow is red, you should be short. If the most recent arrow is blue, you should be long.
Keep your Stop Loss at 5% of the price.
Looking back at the action following ...
Some thoughts on LTC, as a sustained long term ALT, which is often claimed to be a directional crypto market leader.
The logarithmic chart looks like having a huge unreasonable technical gap area, opened by 2017 spring to top price finding, to now be filled by fear, panic and the expectation of a round market cycle.
Lets get some tags for playing potential ...
Ascending triangle is formed, volume is gone, as ususal. Waiting for the big move now.
We can expect the rise to triangle width, i.e. 32.3 level.
Orders are ready, we enter on good volume and ride it to the target. And don't forget about trailing stop loss!
So the far the past analysis have been working out quite nicely, but of course the higher we get the bigger the risks become. In the previous analysis i mentioned that if the bulls would be able to keep it above that trend line on the left, it could become very bullish. With that i mean a very big rally, towards 50/60 even. But the only way that can happen, is if ...
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The aim of this 1D Timeframe LTCUSDT chart is to mainly track the timing of the Litecoin LTCUSDT pair towards the Halving expected around August 2019. We are using the August 2015 halving fractal to attempt to predict the future move of the market. As of now, we observe two ...
Even with this sideways market, LTC' managed to reach it's target around 40. There is more potential on the upside, but the rest of the market is not that bullish yet. So there is obviously risk here. For the smart people who took some profit already around the high, i would sit on my hands to wait and see how this play out first. Don't let greed of FOMO make your ...
LTC has broken to the upside out of the Inverse H&S.
A much clearer, clean chart than Bitcoin.
61.8% retracement of the move down = target of 43$
Target of H&E = target of 43$
1.61 Extention of the H&S = 40$
Technically you could wait for a better entry in terms of risk,waiting on a retracement to the neckline if you wish to be risk averse.
Im long from the ...
The triangle seems legit, the volume is decent but it has to increase a lot if we break the resistance around 34/35. The small bull flag on the right should hold to keep the pressure on the bears. So it has to stay above the green support. If that breaks, it can still happen through another higher low inside the triangle, but of course it becomes less likely. The ...
Chikun Checking Back In
Chikun flew too high too Fast.
Checking each line is Prescribed.
Choosing to retreat was Advised.
First we need to Undo the Mess.
Second we need to Sync the Lines.
Third we need Consolidate and Rest.
Exuberance has been Bridled.
Reality is being Re-established.
ReSynchronization near Completed.
Fly Chikun Fly.
.
.
Ordered ...
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