Good possible long setup here. Price is reaching the bottom of wedge that is getting really tight + were at the large triangle support giving it confluence and at the same time it's forming an triple bottom. Also RSI and CMF are showing bullish divergencies. If we break down below $106 then things can get ugly. Can expect some stops trapped in these levels though....
Litecoin is doing the worst of the 3 between BTC and ETH I still have great confidence in LTC, so keep your faith strong You wanted LTC to be below $150, well... your answers have been met Watch for a couple things: - Not looking too good for LTC - Dropped below the cloud - Testing major support @ .786 Fib - Volume is declining - Watch for the test of the trend...
Hello Traders, Litecoin is designed for merchant and those willing to buy sell pseudonymously through blockchain. There is more adoption considering the number of merchants and payment companies/start ups willing to do business with Litecoin Foundation and or Charlie Lee. Besides, of all the coins in the top 10, it lags in performance meaning it is undervalued...
LTC has been in a channel for 2018 and in December since it's peak. A breakout in BTC to 13,400 may find us hitting the top of our channel at 255. the .5 Fib. If BTC goes higher or LTC finds some momentum a break of the channel may have us reaching 462, and clear skys. For educational purposes only, please do not trade based on my ideas and opinions.
Hello Traders, LTCUSD is currently in a consolidation between 166.60 and 142. At this moment in time, I am expecting a move lower to the areas of around 131.70. You can see the chart LTCUSD is forming a possible head and shoulders pattern. As you know, a head and shoulders pattern is trend reversal pattern. In this case, it can reverse the uptrend from...
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...
My last post laid out a pretty clear strategy to pick up some LTC as it dipped down. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. While my positions aren't as good as ETH, I still have a solid position in LTC that is profitable right now. The first thing we...
For what its worth, Long on breakout looks good Good risk reward ratio
Chart update. Position: Very Bearish with a chance of bounces Technicals. Day and Weekly Chart. 1. RSI is in negative territory 2. MACD looking vicious to the downside. 3. Breaking lows. It's clear we are in a bear market. No question at this point. We want to look for signs of a reversal, but there are none and we will continue looking. With all of that...
Large wedge formation as shown. With BTCUSD coming to break out at the end of March, expect to see LTCUSD take off with Bitcoin. New All Time High's incoming! Wait for it! Keep an eye on GVT and check out HRZN ftw!
I drew this line about a week ago. I was blown away to see that it upheld when I just loaded the chart. Very bullish on LTC. Looks like the hype and the constant development & news is working out well. Things like mainstream atomic swap wallets, atomic swaps on lightning network, schnorr signatures, and privacy features... have still YET to be implemented from...
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...
LTC KRW still within trend consolidating nicely. looking more bullish as it consolidates.
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...
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...
LTCUSD tested its support at 194.484 (76.4% Fibonacci retracement , horizontal swing low support) and a potential rise could occur to its resistance at 217.160 (61.8% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) shows a bullish divergence which suggest a corresponding increase in price could occur.
After breaking out of the current Ichimoku resistance cloud, I see the potential for us to rally to $275. This may take 5 days before the breakout begins and another 5-10 days before the target comes into sight. After the previous rally, we are currently forming a wedge or a bullish pennant, depending on how you look at it. This bullish pennant if we break...