I wish I would have better news, but I still see LTC keeping the same trend Downtrend :-(
I hope from where I have marked Demand Zone so we will see retracement and maybe new trend :-)
Until them I am bearish
If you like my Analysis HIT thumb up :-)
A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could...
Hey all, its Nathaniel - "THe BiPolar TraDer"
If you have not realised by now, I am back again with another market analysis on LTC/USD. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
Now let's get down to the good stuff.
Our technical analysis on LITECOIN/US will focus on the 2 indicators we added to the above chart.
Stochastic-This indicator knows how to find such trends by a mathematical formula invented by George Lane (briefly on the indicator) as you can see we are currently in the 80 range that's a range of being overbought
Ichimoku- this is an indicator for finds trends and...
" No one knows the future" - Nathaniel "THe BiPolar TraDer"
As this is my first published price analysis, I would like to introduce myself. I am not going to sit here and pretend I am a self-proclaimed trader. Everyone has there ideas on the market, and I wanted to use TradingView as a platform to home my skills and one day be managing a hedge fund. If you would...
A few days ago I talked about how good April is going to be for Litecoin. My target was of around $82 and we have reached $84 already, way before I expected. Bitcoin has made a huge green candle up to 5100 in major exchanges and is facing now what it could be the beginning of another big and last impulsive wave down. I´ll talk later about how I see the market in...
Litecoin is not being able to break 61-62 level with conviction and is currently just on the edge of the trendline that gave support to this uptrend. If the price manage to breakdown the channel you will see a nice drop with huge volume involved.
The Litecoin LTCUSD pair is already flashing overcrowded with the 50 day moving average headed towards passing over the 200 day moving average.While most moving averages point to upward momentum, the dreaded "death cross" is a more longer-term pattern all traders should keep an eye out for.
For more content, please check out www.anthonylaurence.wordpress.com
I'll be honest. The only reason I am writing about Litecoin is because I find it to be the least unattractive crypto on the market. First the view from 30,000 feet up and then lets get grounded in technical jargon.
Equity markets are dying for some incentivization for uptrend and if main US indices go under cryptos will probably not be a nice place to be for...
a short-term correction possible to 0.013-0.012 zone.
1.Volume decreasing with increasing price
2.Stoch-RSI bear divergence
if it breakout above the falling wedge then it would be strongly bullish but short scalp is less risky than long here
Want to start this out by saying I have incredibly skeptical of cryptos. That said, Litecoin is definitely the best performers of most of the majors on a percentage basis. So that said, I think price action could in the medium-term see a few more gains if this trend can continue. However, RSI and stochastic indicators are leaning towards a pullback flashing...
Most important part of trading is finding those good risk/reward trades. Tight stop above resistance ensures minimal draw down in the event of a break out. Blue bars give an idea of a possible path into the summer. Good luck and if you know of anywhere to short the LTC/USD pairing other than finex please share.