Position: Leaning Bearish
Alright, so my last call on this one was not dead on, but I still think it holds true that it could break down. I adjusted my lines accordingly.
Lot of different names for this sideways setup. Bull flag, bear flag, head and shoulders, box play. Take your pick. Here's the deal. If we break below this $205ish level, we are most likely...
Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that first bulish impulse is over.
Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position...
We are currently witnessing a stage of recovery, an idea supported in the volumes at the time of recovery, and the breaking of the wedge by a large bullish candle. The trading at this moment is configured in the following way, Stop losses located at $ 188 and $ 163, with price targets located as follows:
Short term: $ 275
If the price exceeds $ 275 with a 90%...
Position: Leaning Bearish.
Not as many Bearish indicators on LTC as there are on ETH. But enough to make me think this is going down. Perhaps one of the biggest reasons LTC will go down is it will be dragged down by ETH and BTC. ETH has a solid reversal set up to drive it down further. If LTC dips, I REALLY like the set up we have here. I will go into that at...
LTC is right now looking so strong...
Basically :
1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point
2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270
3 - $270 is a big higher high in our new bullish trend that corresponds to a...
Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend.
This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels...
I don't write about Litecoin much or give analysis. But here I'm going to. It is interesting how news of a fork made Litecoin jump when other coins in the same situation didn't, even after Charlie Lee said the fork was a "Scam". Although, I think we are missing the bigger picture. Litecoin has weathered many of the political storms that other coins haven't....
LTC blew past the downtrend line with multiple four hour candle of significant price gains.
This bullish breakout follow two bearish wedge breakouts.
Next level of resistance is at the $300 price range. Market conditions seem optimistic so I think waiting for a fallback to $177 range is greedy.
I could foresee a cup and handle pattern with a pullback to about...
My old #LTC idea was deleted from violating TOS by advertising my telegram channels, but here's the gist:
FIB retracement is a must use tool. I think I have given even enough examples w/ the ellipses for you to understand m poiny.
Ignore the date on the drawn arrows, it's just a few possibilities of where #LTC could end up.
Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit)
Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels...
I'm projecting a 200% growth on this pair, maybe it won't grow...
Unlike BTC and ETH LTC has already formed a double bottom, but that does not mean it cannot go lower, it is always possible that it could. However, between the double bottom formation and $100 being, in my opinion, a very strong support area I would be very surprised if LTC would break below $100 for very long. If by chance I am wrong the $100 level does not hold...
The low volume is leading me to believe that this is not the real breakout and another low is incoming.
On green days like these it's the time to be taking profits, not getting into trades.
Trade smart & make some money!
In my last idea I forecast a major low using repeating time and price ranges.
The market found support at the critical 50% of range pressure point and rallied strongly to form a potential double bottom.
Using balancing of time I have forecast dates to watch as pressure points for minor trend changes.
I am predicting the market to fall back to support on the 9th to...
Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
The price touched the strong uptrend line in Daily Chart. It is below the 21-Day WEMA which acts as a dynamic resistance and In the Bollinger Bands buy zone.
The RSI is at 38 and is above a RSI support level.
Trading suggestion:
Price is in the support zone (1.13 to 0.65),...
Trading suggestion:
Price is in the support zone (231.76 to 198.04), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (231.76)
.Ending of entry zone (198.04)
Take Profit:
TP1= @ 286
TP2= @ 307
TP3= @ 330
TP4= @ 375
TP5= @ Free
Technical analysis:
.Relative strength...
Everything is on the chart and this also applies to BTC/USD.
There is quite some rejection signs in front of us, so don't buy into this zone.
Wait for break of it and then go long if you prefer.
Wish you good luck traders :)
Marjan
Forex Swing Traders
