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...
If bullish season comes back completely and Litecoin could hit my target 670 USD. If this happens I will sell as Charlie Lee did.
Ok let’s have a look at LTC vs BTC on the daily log chart! As you can see we are currently trading within the large dotted down trend channel. Back in early March we formed a descending triangle (Purple) which we broke out to the downside from. We then formed another descending triangle (Orange) from which we have recently broken out to the upside from back on...
Litecoin is forming a nice wave structure after breaking out of the massive downward channel it was in. Around € 140,- € 150,- the correction for the Elliott wave structure will probably begin due to that range also being a resistance line in general. I would advise keeping an eye on it. "NOT a financial advisor, seriousness reduces life. Make sure you feel...
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...
Litecoin taking well support. Let's see which route is taking LTC. Thank You
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...
Possible convergence on the ratio. Still within a longer term sideways channel.
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$...
I see a bull flag. Do you? daily log chart mid-term target is 0.065 if it reached 4.618 Fibonacci level like last time.
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. If the 100 EMA does not work as a support line, expect Litecoin to touch the white drawn support line.
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
LTC seems to be consolidating at higher level, and we can see a floor and roof being tested. I do believe the market will cool for a while between 0.014 and 0.02 before it carries on the bull run... Just an idea.