Price action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is...
3 Litecoin Setups to look for.
1. Buy stop above this $155 area for a move to 185 area
2. After it fully moves up to 185 area, buy on the retest on 155
3. Buy on a retest of this $130 area.
The one I like the best is buying on a retest of this $130 area for a move back to the upside as I think it's over extended right now. if you are in LTC right now, throw a...
During the last month we have seen a drastic sell off in all crypto due to a massively over-bought market caused by Over enthusiastic and fake hype throughout the whole market with bitcoin -0.34% being the leader, in my opinion this sell off is now over with currency such as lite coin increasing by around $40 in the past week.
Due to news releases in both lite...
Adam and Eve double bottom confirmed and breaking out, will only buy once we break current resistance at 0.017150 to confirm breakout.
LTC
Buy: 0.017200-0.017300
Target 1: 0.0174
Target 2: 0.0177
Target 3: 0.0181
Target 4: 0.0185
Target 5: 0.0195
Target 6: 0.0200
Stop loss: 0.016500
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...
We just banged out another triple on EBoost / Bitcoin .
We are waiting patiently on theMegalodon indicator to see a green arrow or orange candle to reinvest.
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THEMEGALODON
theMegalodon looks for the institutional finger prints, the whales or the big boys.
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Alright. BTC is plunging so average holder of this coin would like to accumulate as much BTC as he could in case of BTC's future rallies. I strongly believe that crypto space is the future of world's tech pool, but now blind longs don't make sense. Hopefully, We will get all of these coins at cheap prices once again. It sounds unbelievable, how it even works.
I do...
LTCUSD is holding 110 Area as an interim bottom for now. Will this be final Bottom ? or it will continue on the down side ? Here are the Levels where it can potentially go on Downside Break. On the Upside the Redline will stop it in the interim if it breaks out of the GREY Zone.
Whats the Trade here ?
Unless we breakout from the GREY Zone the OUTLOOK is Neutral...
Being completely objective with the chart here but LTCUSD looks horrible in comparison to the other crypto charts. BTC, ETH and a ton of shitcoins have all broken out of the multi month downtrend channel that started back at the all time highs. Most have had bullish MACD crosses and are above or at least challenging their 50/200 DMA. Can't say anything like...
How are you Crypto Maniacs!
Litecoin indicators are surprisingly neutral at this point. That is of course not something an investor who is in Litecoin wants to hear right now, but on the other side, it is better than being bearish.
MACD is leaning more towards bearish side in short term, however in medium term, which entails few month, it is bullish as it is in...
LTCUSD is again hanging on a thread. 109-113 area is acting as a crucial support. Any downside break will potential take it to 81 Area first before 63 & 39-43 Zones. Upside Break will be capped at 138-143 initially followed y 151-159 zone. In case of a downside break, 112 will offer stiff resistance.
Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy.
Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained.
At the time of writing, the...
We hit our bottom $115 line for a bounce and it's testing this area again. When litepay was suddenly canceled, the sentiment for litecoin went from bad to worse. I won't go into to much of the fundamentals of it, but if you are trading litecoin, it pays to be even more cautious while trading it. BTC is really the driver and if we get a retest of these lows in...
LTCUSD is trending lower for most part of the day and holding sub 143 range.It broke that range after almost 8 hours of consolidation. It has a potential to the down sloping Trendline. Only if the Trendlines break it can test 156-158 area where it will find strong Resistance. The lines are slopping down so Target will change with time
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.
The image explains itself. Although it’s in euros, the behaviour is the same.
I have to say I haven’t got any LTC and not planning to buy anything, so I’m not biased at all.
It’s just an idea of what it could happen to LTC. Take your own risk when investing. I’m not responsible of your actions.
As you can see in the previous pump that I have circled in red,...
