Bullish flag has formed on the LTC hourly chart. Target is between $185 to $190. $190 would match nicely with the end of wave 3 that I have on the chart and at around 0.5 fib levels.
Litecoin (1.35% as of writing) has had higher growth today compared to bitcoin (0.37% as of writing). Looks like the market is strongly behind LTC.
#Litecoin is waiting for an upside break. Depending on how you draw your lines, different analysist have different breakout zones. We believe it wont break upside today. LTCUSD wil consolidate below 178
LTC is looking bullish right now on the 4 hour chart. MACD has crossed over as well.
The good news from the G20 summit has had a positive impact on the price of BTC. BTC looks like it is forming a bull flag. If confirmed, the price should reach $9k.
If so, LTC should comfortably reach 165 to 175 since LTC's price action relies on BTC price.
Just my opinion....
LTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500.
The following conditions have been met for the symmetrical triangle.
1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move.
2. The triangle has been formed with 3...
LTC is looking bullish right now on the 4h chart especially as BTC seems to be recovering.
Positive news from G20 summit has so far had a good impact. BTC seems to be forming a bullish flag on the 1 hour chart and should hit 9k if the flag is confirmed.
If this is the case, LTC should comfortably get to the 165 to 175 range.
Sloppy H & S formation on the daily, but nonetheless, an H & S. (** Edit - Excuse the Placement of the R shoulder label, a little too far right)
From how I'm seeing it, 1 of 2 things can pan out - we face a small bounce again at the 142 mark, or it can break past that level and perhaps have a stronger more significant bounce* at the 101 mark.
*Note - None of...
The thing to realize here is we are in a bear market. There are few reasons to say that we are at the bottom at this point.
Technically here are some major bearish indicators on the daily chart:
1. RSI is negative and no signs of divergence or bottoming
2. Overall down trend.
3. MACD just turned down and going into negative territory
On the smaller time...
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...
We are bullish on LTCUSD
Buy around Blue Support Lines and Add more on subsequent support Lines.
Upside breakout only after a confirmed break of Red Zone / Red Lines.
1st Upside target 363
The LTCUSD price is at the key support level at 186; this is a decision point where buyers or sellers will get control of the price. We have seen that the price respected that level twice already (green arrows) and left the long shadows. However, the buyers could not manage to push the price up much. If the price breaks that structure then, it is more likely that...
as we can see. the market broken down the correction down with some impulsive moves.if you missed to buy at the lowest.you can enter using your own strategy to enter.this is going to break the flag is busy forming right now ltcusd first target should be the new higher price .
Now that the 190 level has fallen, we should see it move down further to at least 150. My entry point of 171 was barely missed and it has bounced off that area pretty well. I am going to be moving my buy just slightly down in the high 160's since it most likely going to push through this 170 level at this juncture. I would imagine that we will get a strong bounce...
Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/9.
We will be updating and producing more signals today and posting performance as well - stay tuned!
Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%.
Any updates to this 3-Day...
My hopeful guess on the move Litecoin will make in the upcoming days. At this dark phase in the crypto market, I am hoping that Litepay and its functionality may save good old LTC. Only time will tell!
*This is no way in hell trading advice....its a prayer....a shot in the dark. Anyone that tells you they know what is happening or whats in our future with a...
Quantamize proprietary Machine Learning algorithms have generated a 3-day "Buy" signal for Litecoin as of 3/8.
We will be updating and producing more signals today and posting performance as well - stay tuned!
Quantamize's machine learning algorithms produce signals on over 25+ cryptocurrencies with accuracy rates above 60%.
Any updates to this 3-Day...
