LTCUSD Did Litecoin bottom?Litecoin just broke above the Lower High trend line that started with the June 2019 top. Is this a Bottom and thus a long term bullish sign?
Well a quick comparison with the Dec 2018 - Jan 2019 bottom sequence shows that when the long term Lower High trend line (dashed) breaks, the Bottom is in. The RSI sequences of the two periods is also similar. So what I am expecting is a pull back to LTC's high volatility zone in order to gather up some more buying momentum and then an even stronger rebound towards the 1W Resistance. $64.000 seems like a good first Target for long term traders.
Litecoinsignals
LTCUSD Litecoin SHORT 1 HR Bad Day for CrytosHello to all watching my charts.
LTCUSD is in Short mode like ETHUSD also.
Here in LTC Litecoin its in addition
a broken trendline which has been last from 17.10.2019
till now and Litecoin have been sitting up and jumped
up from that line at least minimum 5 times.
If such an important Long trendline is broken there is
something change big coming in short , thats my oppinnion.
If you want to know more about my trading style
please send my a mail.
Good trades
Renkotrade
LITECOIN Found support on 1W MA50. Will history repeat itself?The title really says it all. LTC is trading around the 1W MA50 on a possible mid term support event for the current Bull Cycle, which is methodically repeating the 2015 sequence. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.
Notice how the Top-to-bottom and bottom-to-Halving bottom phases between the 2 cycles have been virtually identical.
There is no reason to expect something different this time. Unless we see a major divergence below the 1W MA50, I expect this level to attract buyers and give sporadic spikes on a lengthy consolidation until the next super strong parabolic rise.
Litecoin made the Halving bottom. Long term consolidation ahead.LTC just experienced the Halving event. The current cycle is repeating methodically the 2015 sequence and so far we have reached the point where the 1D MA200 is supporting. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.
There is no reason to expect something different this time. Unless we see a major divergence below the 1D MA200, I expect this level to attract buyers and give sporadic spikes on a lengthy consolidation until the next super strong parabolic rise that should come through massive adoption.
Litecoin LTHUSD SHORT All Supports Broken 1 HR Chart#Litecoin # Bitcoin #Ethereum #LTCUSD # BTCUSD
Hellot o all watching my charts.
Short is the game to play in all cryptos since some days.
I do hope you have followed ,my charts and have seen the sinals
yourself and are winning money.
Now one support after the other brakes , as i write that
next support have been broken.
Next Hold is 66 USD !!
Difficult to write that as the pair has traded as double
prices 1 week ago...
But only reality counts..
If you want to support my work and my charts please like the,
Good trades
Renkotrade
Litecoin LTCUSD LONG 1 HR ChartHello to all watching my charts
Litecoin LTCUSD is similar to Bicoin at the moment on a run move long.
THe charts of these pair is much stronger than Ethereum ETHUSD
Both of my trendchannels are showing a long rund
AND the shorttime channel which shows us the next direction at first
is getting up an up, so showing us, that the long trend is very fine.
I do hope you are in a long position
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Here a additional info for all who ask me to draw other lines..
My channels shown here in the chart are NOT manual line draws from
high to high and low to low.
They are the resulat of a complex mathematical system, which is my personal
trading system, and they have different timeframes have also adjustable
different deviation in % from the actual price as forecast
ALSO they change the forecast ever TICK in Realtime and calculate the channels new.
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If you want to support my work and my charts, please like them..
Good trades
Renkotrade
LTCUSD Road-map to the previous All Time HighsLitecoin is trading on a very simple pattern. On the Fibonacci Channel, every level crossed eventually turns into a support. While this support is provided, LTC is targeting the Lower Highs of the former bear cycle. If this sequence is sustained then the next targets are 185.000 and 370.000.
LITECOIN = The Silver of Cryptos?Since it's Crypto/ Commodity comparison week and I saw the great interest the community had on my Bitcoin/ Gold comparison, I thought I would try another one.
As I was crossing charts I stumbled upon this one: Litecoin and Silver. As with BTC and Gold, the time frames are different (1W for LTC, 1M for Silver) as Silver is a traditional commodity used commonly for centuries.
What is undeniable are the striking similarities between the two charts:
1st Bull cycle with aggressive parabolic rise. More than -90% bear market decline. Long term consolidation. Less aggressive 2nd Bull cycle. Today.
*Note that this idea is intended to highlight the similarities between the two and nothing more.
Would you argue that Litecoin is the Silver of cryptocurrency? Let me know in the comments section!
BITCOIN - GOLD comparison:
What's the top for Litecoin? 113 or 180? Is it worth waiting?Litecoin has continued its crazy rise since the December 2018 bottom and only recently made the Golden Cross (MA200/50) which paved the way for last week's $98 Top.
You can't say I didn't warn you about this super aggressive rise in February when LTC was trading at $49 as seen below:
Now, almost 100% higher it may be a good idea to take profit. There are two scenarios that can play out:
A top at 113.00, which is according to the 2014/15 bear market the spot where the price topped on -36% from the MA200 top.
A top at 180.00, which is the +718% rise from December's bottom.
In both cases LTCUSD should then pull back around -70% and consolidate for a long period of time before the next bull market.
So long term traders should manage their profit taking accordingly.
Is 180 next for Litecoin?I feel that the chart is clear enough to explain the idea behind it.
Litecoin's two bear markets (2014-2015 and 2018-2019) share a similar pattern behavior. A Buy Signal occurred in May 2015 after the bottom was made in January and a support was formed. The price broke a Lower High trend line and rallied nearly +700%. The duration from the bottom to the rally's high was 181 days.
The very same Buy Signal has emerged this February (2019). It is again after December's 2018 bottom and again broke the Lower High trend line.
Can this be a call for a +700% rally to 180.00? This chart certainly shows is can be.