Looking at our chart (1 day Candles) we can see that there has been a break in our uptrend. I anticipate some drops coming up, but I expect LTC to ride our 2/1 Gann line (has been consistent with this support and resistance) to $50+ by the end of July. I think that the absolute lowest drop we are still susceptible to is at the $36 level, but I see it being highly...
Safe entry on chart. We should wait for a clear signal. It will test its last high. Forming double bottom (W)
Upon looking at our 2h candlesticks you can see we have entered a consolidation period. Bears and Bulls can't decide which way to push price. What we are going to look for next is bullish or bearish confirmation, that is, a deviation from the consolidation trend, this confirmation will be the indicator on where price is going to go. (The tall wicks on top and...
We can see our price is developing a bullish flag pattern, the flag is the downward sloping consolidation area, this is a potential signal for a large uptrend, this is multiplied by the fact that price is about to hit support on our 1/1 Gann line. As if all of this is not convincing enough, Bitstamp is set to launch litecoin tomorrow and we may even see Lightning...
Bitstamp announced that $LTC support is "scheduled for Monday": twitter.com Since they are based in London, I'm taking it that Monday in UTC+1 is the planned release day. Assuming the release goes as planned, sometime in the next 23 hours, we should hear from Bitstamp. Litecoin has a strong future. I have a pile I'm holding until triple digits and then another...
Oh boy look at the litecoin seriously breaking all the rules ...We predicted that the market will hit the wave 5 last friday and here we are the marjet litterally one of the hottest coin right now .
Litecoin is going bananas, and rightly so. Hilarious to see the twitter trends shift from "let's short this useless copy of bitcoin" to "this is going to be > $100 by year end" and "Litecoin should be 25% the value of bitcoin" (probably true statements) But remember, vertical movement is a physics test. Corrections will occur--but when? This is my theory so...
We will have one last entry point this weekend. We can see price is massively overbought, stochastic is max threshold and we are in uncharted territory. This is wonderful! However I expect a large down trend until Monday so there will be a good chance to enter before Monday when we go to the moon. Get in when it dips. I expect it to drop to $22 level, but not for...
lITECOIN/USDT LTC/USDT (Possible ABCD pattern and wave 2) Lite coin been oversold looking at the buyer zone market may form ABCD pattern along with the wave 5 elite wave formation.
I have a pretty good feeling that Bitstamp is going to launch either Wednesday night or Thursday morning (just going off of prior news/release announcements--it looks like that's their pattern for releases). This roll-out might be different, but given that they said, "in the next week" the other day, and Thursday still falls within that promise, I'm going with...
* Disclaimer * This is merely my speculation and opinion, I personally do not think TA is very effective in predicting big news. I am simply analyzing a past event similar to what is to come in order to present a possibility of what to expect. * Disclaimer * I am analyzing the Coinbase launch in order to gain an idea of what we might be able to see here as...
Here we can see that we are potentially hitting one of the last, if not the last solid entry points for a long position with the Bitstamp launch coming next week. Here we can clearly see with the 20W and 50W MA's that our price is heading for the over-sold position, which lays ground for a bullish reversal. This idea is strengthened by the fact that we are...
We have a bullish flag. our sharp increase beginning around Apr 1st through the middle of may supported by strong volume. Our flag pole runs up to our peak, beginning the pennant, which is looking to converge around $30 within the next week. We see strong consolidation over the last few days in this price range. Once the pennant converges, look for a breakout...
I posted before this about "a week or two in advance for Litecoin" and I am just following up here quickly (I still don't know how to add this to my previous post) with some recent developments and predictions. So we can see that my previous prediction about testing the $31 resistance was correct as we can see it tested it and is dipping a little. Here we can see...
We can see LTC/USD has been hitting some resistance at the $31 level as of late. This week is no exception we see some support coming in at the $28.40 level in addition to a hammer followed by bullish confirmation. This is signaling an uptrend, but we will however, run into that resistance again at the $31 level. Before this happens I expect us the drop a little...
I am trying to identify support and resistance levels using a combination of various Fibonacci tools. I will provide a more thorough TA tomorrow. Until then, happy trading. Target: $31.00 Stop: $28.50
today I see that LTCUSD will go down a bit so play as short term trade and then it might go up to test resistant line or go down good luck
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....