Litecoinprediction
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days)
Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold.
Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction."
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
LTC/USD After a fork, looking bearishPosition: 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 the end.
Bear indicators:
1. MACD averages crossing down, but... still in positive territory.
2. RSI is in oversold territory and broken it's trendline to the downside.
3. It's consolidating - You could argue it's consolidating to move up, or down. I would lean more towards the bulls are temporarily out of steam after a fast high volume run up.
For all of this to be confirmed, we need a break of that $205-210 support level . It might channel a bit before it does, but we'll have to see.
I will be a strong buyer at the 160 area and an even stronger buyer just above $110 if it gets there. If it keeps going up, no big deal. Made some money with this run up and the fork and will wait for another opportunity to present itself.
Buy level 1 at the 160 area: Has nice support and a FIB point.
Buy level 2 at the 110 area is a major bottom.
Happy Trading
-Sherem
Long on LTCHidden Bullish Divergence on LTC :
210 to 226 so +$16 per LTC
That should bring the price to $242
Litecoin 50% Fib sell off as expected. Next 61.8?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 represent 1 to 100 % and each level in between creates reaction.
In this case, in crypto especially we see that when the markets recover from a deep low, that algos tend to sell each and every touch of such a FIB level up until the 61.8%. Once we break the 61.8, and we RETEST on the upper side of the 61.8% line, algo s tend to BUY again as a resumption of the overall uptrend.
Trading these levels can be very rewardin but you need to know what you are doing and set LIMIT orders. Dont sit there watching it thinking, ohw it will blast right trough it. It most often wont. And if it does it will come back down to retest the level it broke and you can still FOMO in if you cant handle your emotions.
so have we seen the bottom? Yeah on Litecoin i m pretty sure, last sell off on BTC Made litecoin create a double bottom and not a lower low telling us litecoin is holding up strong compared to Bitcoin.
It are great times, the traders market is coming back and we can recover from losses or a quiet time depending what your position is in the market.
Watch these levels, hold if you re not comfortable or use stoplosses. But its an easy to understand strategy. Just dont overtrade, trade the major levels only.
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LTCUSD - More downward movement
Looks like Litecoin might be continuing downward for the next few days.
LTCUSD - Litecoin retesting $100 soonLooks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at them when they see the price rise a little and start shouting 'to the moon'.. only for it to come back down again. It's not that hard to understand, we're in a downtrend, have been for a while now, and it's safe to expect it will continue to go down... all of crypto is completing a massive chart formation - head and shoulders: www.reddit.com
Descending triangle LTC LongDescending triangle on LTC
Take a position above the triangle in a Stop Buy so if the price break out upward, you get filled automatically for the way up.
Target : LTC = $415
All aboard - Litecoin swallowed the Green pillNext Stop: 307.50
Potential 17% Gain from $261
10-12 Hours Later a six (6%) pull back to $289
8-10 Hours later 11% increase to $320
That's my take on it. Could jump past $307.50 to $320 or $350 or higher if news comes out toorrorow.
If you like this and you find success, share the love with a tip:
(LTC) Litecoin: LYcKnmHmTk2dJLvaXPSZEQXk35UkbyenLa
(ETH) Ethereum: 0xF4cc1A998fE12b7Db3F12D34E50b5EdcF87bbaa7
(BTC) Bitcoin: 1ZLLdW2fsYqNwN61bmc2fN7ouqTytB6aq
(DCN) Dentacoin: 0x0b790d87ccd633a547155c66f2084f199eceefea
(POE) Po.et: 0x6ab91351abef8c0b792651b25939784889e97bc2
-Chad Smith
Price Prediction For LitecoinPrice Prediction For LTC BTC Trading Pair. This is the 1-Day Trending Chart for Investors. Here I am talking about "cyclic patterns", which means averages like to oscillate above and below each other at a frequency. To better see this, scroll back in time. 1) You''ll notice the MA 50 oscillates above, and then below the MA 200. 2) You'll notice the EMA 15 always oscillates above, and then below the MA 50. Having said...
In the short-term, the cyclic nature indictates the next cycle of the EMA 5 10 15 will cycle down and cross the MA 50 (as the MA 50 comes up). So, expect LTC price to drop in the short-term.
In the intermediate-term, the cyclic nature indicates the MA 50 will cross the MA 200, which is a Golden Cross. Our last Golden Cross was on April 13, 2017. Our last Death Cross was about six months later on October 16, 2017. The cyclic nature calls for the next cross to be a Golden Cross. However, we don't yet know how long we should expect a Death Cross to last. It's only been 2 months so far, anticipate just under 1 month left (early-mid Jan 2018). But sooner or later, the MA 50 will cross the MA 200.
Entry Points
1. The best Entry Point would've been when the EMA 5 10 15 began to slope upward
2. The next best entry point would've been when the EMA 15 crossed the MA 50
3. The next Entry point was when the EMA 15 crossed the MA 200
Exit Points
1. The best exit point would've been December 13. The price position was too far from the EMA 15, and the RSI was way overbought. Sell!!!
2. The next best exit point is now. Start thinking about exiting, as the EMA 5 10 15 are going to start sloping downward in the next few days
3. The next Exit indicator would be when future EMA 15 crosses below the MA 50, or MA 200, whichever is first. Shortly thereafter, begin to look for an Entry Point.
When you see the bottom of the future EMA 5 10 15 cycle, BUY. Then you can hold for months and watch your investment soar!
Maybe this is why Charlie Lee sold all his Litecoin, he simply knows a downtrend is coming. I hate to see it go down, but such is the cycle of a crypto life. Ups...down...up...down. I'd be very interested to hear what others have to say about this, if this assessment is correct.
Strong Ascending Triangle - LTC poised to make another big run!If you have a position in LTC, this should excite you! LTC is charting a strong ascending triangle, signaling that it is poised to make another bullish run upward. You can see that a strong price support has been formed over the past week in the $330-$340 range. You can also see a tightening of the price fluctuations, another sign that a breakout is imminent.
If you regret missing out the last major leap in LTC value last week, this may be your shot at redemption. Especially with money flowing out of BTC today, look for the breakout to begin in the next 1-3 days. If LTC can break $400 by Christmas, hold on for a slight emotional pull pullback before vaulting to $500 by New Years.
*Please note that this is for entertainment purposes only, and should not be viewed as financial advice. Do your own research before investing in anything, cryptocurrency or otherwise.
Litecoin still cheap to buy? Time to enter againGood opportunity to buy, after the break above. BITFINEX:LTCUSD
Bullish Flag on Litecoin Buy signal around 250 Dollar ( 220Eur) Litecoin technical analysis for December 16 2017.
The bullish flag has been forming since a few days now after a very strong uptrend on litecoin.
Sellers have tried to make lower lows but we ve seen a quick recovery to higher levels. Since Litecoin is trading in a so called BULLISH flag formation and is currently bumped to the upper trendline we can expect it to revisit the lower trendline to gain momentum and jump up from there breaking out higher. The revisiting of the lower trendline of the bullish flag also confirms the touch of the 38.2 Fib retracementlevel which has reacted strongly before with a bug bullish candle. A second attempt increases the chance of it breaking out to the upside towards 370 and 400 levels.
Possible break upwards without the above described decline is also possible but less favorable for entry at these high levels in the event of the formation of a double top.
Be carefull using limit orders since all exchanges on crypto s show different price levels.
BUY SIGNALS:
buy around 210 tot 225 eur levels,
255 to 265 Dollar levels.
LTC Starting New Wave to ~$750 Just In Time For SantaRough estimate after successful breakout.
Will know more once the Elliot Peak 1 is formed.
LTC - Descending Triangle PatternLitecoin has formed a descending triangle pattern, which is a bearish continuation pattern. I would expect LTC to break to the downside and continue lower in the short term.
Litecoin - A Little Overextended Litecoin has made an incredible move higher over the last several days but now appears very overextended. IMO LTC will need to consolidate here or possibly even pullback some to give the moving averages time to catch up.
LTC - Pennant PatternLitecoin is now forming a pennant pattern after a huge run-up in price the last couple of days. I would now anticipate a breakout higher and a continuation of the trend.
Caution: Litecoin drop to 160 !!! EASY !!!Litecoin will make price correction down to 150-160.
Dont rebuy at high levels.
Have a nice day guys.
LTC price will drop according to Tom Demark countTom Demark count gave a red 2 on the daily chart. This is a clear sell signal. Moving average convergence divergence also confirms this.
I expect LTC bear trend to continue up to 6 more days till we reach red 9.
Scenario1: Price will drop till 86.692 (fib 0.382) and bounce from there.
Scenario2: Price will drop till 80.566 (fib 0.5) and bounce from there.
Conservative Trading idea:
Short at: 95.5
Take profit: 87
Stop loss: 104
Aggresive Trading Idea:
Short at 95.5
Take profit: 81
Stop Loss: 107
