Hello and welcome to my Trade Idea of the currency pair LTC/USD.
Lets start with the Top Down Analysis.
Weekly: The last weeks are bearish.
Daily: On daily we see the trend is in a downtrend, and we look for short entrys.
H4: On H4 we see a little correction from the downtrend.
M15: On the M15 timeframe we see the counter trendline and wait if the price...
If the curve trendline should get cracked then do not worry, there is a pretty clear short-term bounce area.
The mentioned area stays between $90-$100 and the bounce criteria:
1. The Fibonacci retracement 38%
2. The Fibonacci Golden Ratio 62%
3. Previously worked price level, it has worked as a resistance and as a support. Currently, it should act as a support...
BTCUSD, ETHUSD, LTCUSD, EOSUSD have OverSold (BLUE) signals in 9 Seasons Rainbow Indicator, which indicator they get valid support from yesterday's bottom. The pullback of yesterday's bounce has completed. There is high probability for BTCUSD to reach the previous height at 3960 before breaking down the support of 3870. The other altcoins should have similar price...
CVC showing short term Cycles refer to Red/Green triangles as current cycles
As well as a massive harmonic pattern forming
CVC aiming to retrace last highs of ~13 Cents
Ive Been accumulating at the ~ 5 cent zone for some time now
Long position has been put in for me
Could definitely see Civic moving lower to form Inverse HS before that ever happens though. ...
LTCBTC will go up because of halving - this is very strong fundamental
What is Litecoin Halving?
Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).
The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving.
The number of litecoin found per...
Price action punched through major resistance trendline and ichimoku cloud, possibly forming an harmonic.
However, LTCBTC has been a major disappointment with former break-out failing and reaching a newer low. Must wait and see.
Recently we shared a chart for Litecoin (LTCUSD) mentioning the halving event and how it all works.
We warned that the hype surrounding these events can lead prices to move lower rather than higher... And that's how exactly how it all turned out, you can see it by clicking on the image link below:
Litecoin Halving Coming Soon, Up or Down... Crash...
Refer to one of my other posts (XRP has the best description and uses of these cases) to understand the correlation to the green and blue "Zones"
This effect is a new trading style i am currently perfecting Combining Multiple Pitchfork channels to act as a "Gannish" style PF to better represent "over bought and over sold" areas.
Further referred to...
Detailed Elliott wave analysis shows a huge confluence zone at 60 dollars, targets in green on the chart. We are approaching the end of the correction WXY, last wave Y in ABC, we are currently in the 5th wave of the last C. The count of the subwaves of C shows that the correction may be finished before (targets in dash based on the subvaves count) Happy trading!!
Litecoin has made a Bearish SFP and then a new Swing Low. And now it seems like, this will make a Bearish Retest to the EQ of the Trading Range. Hence, this will cause the next leg down to the Fibonacci Retracement levels which are also the Key OB and its below.
Please let me know if you have any suggestions...
Today the BTC/LTC ratio double topped and is dropping. LTCUSD and LTCBTC both are pumping. There has been three occasions since the inception of LTC that LTC outperformed BTC and was a better investment. First was after BTC's 2018 ATH, it lasted 113 days, with the ratio bottoming out at 55. Second was during BTC bear market when LTC rose gradually until after...
This look as fancy as it would have looked back in 2015/2016. But a copy paste of the same move within the drawn channel is showing where we are sitting right now after almost a year of accumulation and we might actually go for a last dip around 0.24 mark before moon with 20$ by mid November and 170$ in a year time.
See you in September lads to see where we are...
The bigger WXYXZ structure looks to be complete and we have no evidence that suggests it isn’t. Therefore, at this point I am more inclined to say that the possibility of a reversal or a bigger correction at least is more likely than one more low coming.
However if you want to buy this you need to be careful that it does not just retrace a few...
HI BIG PLAYERS,
here I have another analysis about Wolfe Wave. This is my 6. test of my WW-indicator.
You see, a few times before there was bearish Wolfe Wave. Now it develops a bullish Wolfe Wave.
The good reason for this bullish Wolfe Wave are the divergence on RSI oscillator.
In other hand, I believe there will be a last bearish action before the Wolfe...
LTC/USD Daily chart offers a pretty easily spottable strong area which can be also a bounce area for short-term profits.
It stays around $70 and the area criteria are:
1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance:
- 27th June 2018 as a support
- 4th September 2018 as a resistance
- 2nd April 2019...