Hello Traders, I am looking at Litecoin LTC from an Elliot Wave perspective in this analysis. From my count LTC has started its main wave 5. Price looks to have completed 5 waves up to make primary wave 1, we are now inside primary wave 2 retrace. I am expecting to see an ABC or ABCDE type retrace to the area marked in red. This area coincides with the weekly 50...
hey guys, in this analysis I'm bringing you litecoin `s bearish scenario just to keep it in mind since 95% of the analysts out there are screaming " moon moon moon " Since I'm too lazy lol I decided to explain everything on the chart. please take your time to understand my point, thanks in ADVANCE. Nothing I'm sharing over here is a financial advice.. its all...
#Litecoin #Bitcoin #Ethereum Hello to all watching my charts If you check the Litecoin and the Bitcoin chart its interested that in Litecoin there is no long signal yet. I have brought you here all highs as resistanced with black arrows here. It is to mention that all arrows are lower and lower What we do need for a trendchange to long is a jump above the...
Litecoin had a breakout fakeout only broke out for a few moments. Not substantial enough to convince.
Welcome back everybody, Litecoin halving event is in around 2 days. We could probably see some bullish moves during the weekend. It is a horrible time to go long for the longer term. But, shorter term traders can have really nice opportunities as shown in the video. Feel free to let me know what you think about Litecoin. Thanks for the support Megalodons. I...
As with many other altcoins, Litecoin looks to be finishing up its B wave before correcting much further to the downside. The LTC halving has been a sell the news event and I would expect that to continue until Bitcoin finds its footing. RehabRent references an opinion and is for informational purposes only. It is not intended to be investment advice. Seek a duly...
Litecoin broke above this descending support line, an important move, but it did so without convincing momentum. Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet. It bounced off the 200EMA. Now hovering around the 100EMA. Litecoin halvening is a few days away but it is generally...
Welcome, this is my view on Litecoin at its current market state. This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level. On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its...
55 EMA crossing 200 SMA on the DAILY time frame what we are seeing is a charge in behavior and LTCUSD is probably going down to previous lows ( 30-42 ) IF the following happens : 55 EMA cross 200 SMA followed by the death cross ( 50 EMA crossing 200 EMA ) I know its too early to take this scenario into consideration but its important to keep this in mind and I...
#Litecoin #Bitcoin #Ethereum Hello to all watching my charts Litecoin similar to other cryptos is catched in a trading range between Low Support at 87.50 and High Resistance at 96.00 Only after a breakout in 1 direction above resistance or below support we are able to analyse a clear status. At the moment its a Neutral Status No reason to trade...
After a generous pullback I would look for a move up to the top of the green box up there and then a sudden pull back. Doesn't have to, but this is what I am looking for. Volume needs to start increasing with demand to continue bullishly. Currently looking at the ascending triangle and also descending broadening wedge, two bullish patterns to push price up. If...
Litecoin LTCUSD is consolidating nicely on the daily chart at around 99 there is also previous support at this level witch is good. A breakout of the 106 will be my buy signal and the bulls will run!. Also on the MACD we just got a cross witch indicates a swing change and we dont long over bought on the RSI.
Welcome, this is my view on Litecoin at its current market state. We broke our strong 5 month trend line. But the bounce on the 30 of April proves to be a strong support level as well as being the .618 fib level. (swing low to swing high up trend) Looking at this golden level to be some solid consolidation. Right now, if LTC can hold the .5 fib level as support,...
Daily review of BTC ETH LTC and XRP My strategy is swing trading ill be looking to get into trades that last a few days or a week i have a busy life and cant be on the computer or phone constantly to buy or sell.
Lite coin looks like a good buy here we are still low on the RSI on the 12H and the Daily we are having a little bit of consolidation people profit taking after the quick gain today after the 69% pullback. Support is at 76 if this support line fails than cut loses quickly.