Bitcoin as well as main altcoins like Litecoin has enountered big resistance. This should send us to retest the lower levels of the channels, so Litecoin could go now to as low as 52-55.
- After sharing my idea it looks to be happening, going to follow through and take this trade as a small hedge against a bitcoin pullback here
A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could...
From February 2018 entry until early March 2019 entry, LTC is the best performing crypto. Not much else to say beyond this other than its still extremely high beta. If you would like more words with my financial analysis please feel free to check out more content at www.anthonylaurence.wordpress.com
My view on LTC USD. Currently developing the 4th wave
Short term reversal incoming. PA is lining up well with the indicators too (simple bearish divergence on 1D chart) decreasing volume on this move up. 1 more bump up, into previous support now turned support. I'm closing off my trade at T1, I barely trade but when I do, I go safe. T1 - 0.128 or there abouts. T2 - 0.115 or there abouts. will be following this up...
Hi guys. Just got this (hopefully) nice short entry, for myself and friends I manage for. I know what I'm doing, it's not just randomly chosen. Most would probably not have the guts posting a trade like this. I'm not perfect though and there is a considerable chance that it could go wrong. If my thoughts are correct, it should go down right from here, and fail...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Litecoin Is being rejected by important resistance levels!! Looks like we are heading back down again BITFINEX:LTCUSD is down by more than 91% over the past 12 months!!. Litecoin has been rejected by the 33.800 level and If it drops below the 200 MVA, we are looking for another significant drop to the @23.200 level,...
Pullback short set up. Couple hours work
Todays short setup for LTCBTC This is a short term trade based on: Bear Div in RSI, RSI oddly high on the lower timeframes Volume still dead EMA 20,50,VWAP all below current price No real zones of support around this price Lower high pivots Lower timeframe price action 5m-15m supporting a continued dive after current little pullback to the upside 3rd ...
Hi, Can anyone tell me why you wouldn't short LTCBTC right now? It may well be a slow burn short..but I am struggling for a reason not to put a small short in here & let it run: Bearish because: No pending news until September Volume disgustingly low and falling RSI bearish MACD weak/bearish Volume profile resistance is huge with little to no support to...
So looking at the Litecoin chart I am also bearish in the short-term (weeks to months). Litecoin is forming a descending triangle with a base at about $110 which has held several times. There is also pretty strong support around the $100 level. The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern which...
Head and shoulders forming on the daily chart. RSI is levelling off to around 50, no real pressure up or down, prices are simply frozen where they are. If the bulls hold the neck line of around 162k, I can definitely see us going to ATH at around 262k However if the bulls don't hold the neck line, may god be with all the LTC holders out there, I'll see you at...
If you look at the bigger picture, you will find LTC forming a beautiful inverse H/S pattern indicating we are due for a breakout soon @ 165. It will not take too long and we can be there as soon as next weekend. So don't loose patience as it will be rewarded soon.
Litecoin is finishing out its pennant and were about to hit the downside of one of its last hills. Short it now if you're holding, then buy the dip.
I don' kno why this happening on this , but due to this chart i won' go on wrong long side like never !
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.
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...