We all want to see LTC bounce and go up to the moon... but why must it break our heart so many times along the way? This most recent crushing strike has knocked LTC completely out of short term support and back into long term levels. Right now it has caught at the fibonacci - but this is not a stable support and can easily give way to another bad day of trading....
LTCUSD is trying to pull itself out of it's slump since SegWit activation, a likely case of "sell the news", and there are some interesting wave patterns that are developing across several time intervals. Ichimoku Cloud indicator on 5m interval shows that LTC needs to pull itself back up to retest the $30.39 (32.8% retracement from pre-SegWit high) in order to...
After firmly breaking above 20 USD on May 3rd Litecoin's price action has deteriorated of late. Litecoin broke above 30 USD on May 7th on heavy volume. It then retraced for two days before gapping up to 36 USD. It has now retraced down to 28.50 USD for two days again. I believe the risk reward here is to the long side, with a stop loss at 28.39. I see Litecoin...
Completion of Wave 5 in a series of larger, more encompassing bearish waves that have ensued since the activation of SegWit. Currently in the 4th wave of a minor bull wave. Retesting the $30.78 (23.6% retracement) support level before testing the $32.34 (38.2% retracement) resistance level. Recommendation is to the let this price run confirm itself with a...
Recommendation to sell or sell short LTC May 10, 2017 with time frame of 10 to 30 days. Litecoin's MarketCap has increased exponentially primarily due to the recent bullish sentiment in the Alt Coin marketplace and enthusiasm over SegWit activation. There is no doubt that SegWit activation is good for LTC and awareness of utilization. However from a technical...
A little birdie says two weeks till Litecoin goes live on Coinbase. So this is what i'm working with so far. This really looks like a super optimal buy in position. It's hard to imagine it going lower but then I didn't think it would go this low. I'm already back at .00996 BTC but planning to buy in more where it is now. Many updates coming over the next two weeks.
LTC was skyrocketing until Wang Chun tweeted the (now deleted) "I'm not sure about SegWit" tweet. It took 6 days for him to retract and clarify his position, and that's when buyers shot back in. Now instead of the steep frenzied increase in price, it looks like we're holding at a new casual increase. I'm guessing this will hold until either news comes in that...
After languishing for years, the price of a single litecoin has shot higher in recent weeks as its users have thrown their support behind a software update that would improve the network’s ability to quickly and efficiently process transactions. On Wednesday, support for a software upgrade called segregated witness—or segwit, for short—was quickly approaching the...
This is to show how Litecoin and dollars doing right now.
Hi All! This is a trade I feel very confident about. Entry: 0.00425 1st Target: 0.00460 2nd Target: wait for next idea -> long-term uptrend very probable. Stop-loss: 0.004 Litecoin has a huge future ahead. Primarily because LTC will get SegWit, Bitcoin never will. LTC will benefit from this, some of bitcoin core developers will move to LTC development and...
Here is a perspective to consider using Bollinger Bands as an indicator. Areas of importance: - Notice the massive weekly hidden bull divergence between price and BB width (green line) - Hidden divergence is a signaling of trend continuation; in this case, up. - Last time the BB Width broke over 0 line we made a strong bullish move (orange box) - BB...
I think we see Litecoin OKCOIN:LTCUSD THEROCKTRADING:LTCBTC moving in quite wide channel here. We are reaching almost resistance level and stochastic shows overbought market. I think within few days, maybe week we can expect price decline to like 3.0 - 3.1 USD per LTC Thanks for commenting and sharing your thoughts on this analysis