Hey, I am back with another trading Idea!
This time looking at LTC.
In short, LTC havent seen any significiant growment ( 10% grow past 5 days).
The Indicators looks clear, MACD is giving strong signal to buy even with histogram increasing buyers.
RSI tested key ressistance, Litecoin may now consolidate for a bit % taking look at Stoch and then break ...
Signals for an 'Ascending Triangle'
-On an uptrend, pausing for period of consolidation (Yes)
-Minimum of two reaction highs and two reaction lows (Yes)
-RSI no bearish divergence (Yes)
How to trade:
The price target is most likely the entry price + height of the triangle.
Buy in:
-Upon confirmation (2nd reaction low) buy in
Sell points:
-0.017779 (Entry price ...
Look at cicle. Now we in recession zone. If we break out support line we will go to the 50%-61.8%-78.6% level fibonacci.
Fundamental
About LitePay
After the AMA with LitePay CEO Kenneth Asareall very crucial and fair questions about LitePay, remained unanswered. This can be a trigger for further lowering the price of Litecoin.
I've seen a few charts showing that Bitcoin will be very strong starting in June 2018 - and if that is indeed the case then LTC should fare pretty good as well.
This chart shows the energy of how LTC can have a very strong continuation breakout pattern forming around early June 2018.
Get your bathing suit ready - its gonna be a hot summer!
Peace & Love.
BK
The LTC/BTC ratio has meandered within a pretty well defined sideways channel for almost a year now, kinda between .01 and .02 with a little leeway on either side. Coming up in about 2 weeks there is a convergence of trends, we'll see what happens but it is reasonable to expect it to stay within the sideways channel for at least the short-medium term. Trades ...
hi guys
I'm on the 4 hrs chart of ltc usdt and I can see this ltc market becomes bullish after testing strong support of 109$, its good opportunity for swing trades as we can see what happens on 5th February after taking support on that level its started its bull run and now it may repeat the same
buy 110-120$
buy partially
sell 145$ target 1
sell 170$ ...
LTCUSD is trending lower & looks under the full grips of the bears. 122 Area may offer some support before Major Support around 105-111 Area. FLASH Crash Scenario to 94 level initially.
Noticed this pattern with the LTCBTC pair.
These patterns often have anomalies, outliers etc that can disrupt time intervals and construe certain price points, but for the most part they seem to stick true to where they should land.
So with that said, see a plethora of symmetry when I work on LTC graphs and there are a few of indicators here that suggest we ...
In the 4h chart it's clear a bearish flag, with LTC price that will probably touch the 100 EMA in the same zone of 61.8 Fibonacci retracement. Good coincidence, isn't it?
This is the overall picture.
https://www.tradingview.com/x/M8twH8Yb/
If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
Litecoin has caught my eye during the past few days... while most altcoins/bitcoin pairs sold off during the btcusd drop, litecoin has held strong. I have seen recent media articles questioning the profitability of btc miners should the price continue to fall... is fear in the air? What-if worst case scenario: btc drops below mining profitability, miners switch ...
I drew this line about a week ago. I was blown away to see that it upheld when I just loaded the chart.
Very bullish on LTC.
Looks like the hype and the constant development & news is working out well.
Things like mainstream atomic swap wallets, atomic swaps on lightning network, schnorr signatures, and privacy features... have still YET to be implemented from ...
