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.
Looking at the BIG PICTURE and the long term for LTCBTC we can see this beautiful ascending triangle we have been forming since early December 2017. I have two lines on the upward slope indicating 2 possible scenarios for this to fulfill. Currently as we speak the DMI is oh so close to touching but the + is still on top. The ADX is above our signal line...
This is a High Risk trade for few more days. Chart is self explanatory, if you have any other questions just comment below. Look at Bitcoin for guidance. Do not invest what you can't afford to lose. We are not your financial advisors.
WE HAVE HIT OUR BUY-IN AREA, AND WE ARE GOING NOW TO 250 USD AND THEN TO 300 USD YOU CAN PUT MORE SHORT-TERM TARGETS IF YOU WANT( IN NEXT UPDATE I WILL PUBLISH THEM) BUT I DON´T RECOMMENDED IF YOU DON´T WANT TO LOSE THE BULLISH TENDENCE, SO I WILL RECOMMEND TO UPDATE YOUR STOP LOSS IN EACH TARGET MACD AND RSI GIVE US ALSO A BULLISH TENDENCY
LTCBTC back to .382 fib level and then new highs or we go straight up from here
I believe that litecoin will go down behind the bitcoin
MACD RSI AND CHANNEL SHOW US THIS!!! WHAT DO YOU THINK?
Litecoin LTC will be having an airdrop of Litecoin Cash which the developer of Litecoin labeled as pure scam and at this point we are of the same thinking. HIGH RISK FOR SHORT TERM TRADES Source - goo.gl We are personally staying away from this trade. We do have Litecoin in our portfolio, but will not be adding on due to this airdrop - ETC airdrop is much more...
In relation to other coins, LTC vs BTC has moved sideways in a bull flag. Currently, LTC could break out up - of this flag. Let's see what happens. Happy trading. :-)
Litecoin (LTC) is the second cryptocurrency to ever be created after Bitcoin, a replica made by the Chinese. Litecoin is very famous and is available on all major exchanges and accepted by many Bitcoin payment platforms like Coinbase. At the time of this writing, Litecoin is the #6 biggest Cryptocurrency in the world with 10.7 Billions market capitalization....