News broke today that the LitePay CEO announced that he ceased all operations and is planning to sell his company. Within hours after the news was released LTCBTC dropped to 0.0179 BTC, coming from 0.0190. Until the disappointing launch of LitePay last month, many investors had high expectations for the payment service for LiteCoin.
This will definitely hurt the...
Seems like LTC drew a HUGE H&S on the daily chart, and the target is mid $40. We are right at the neckline, and surprisingly(no) LitePay which caused a major FOMO run recently, was officially shut down this morning. Be careful, don't become a "HODLer"
LTC has broken the uptrend line. But it follows BTC I believe this is not a major issue.
As BTC should drop to around 7k, LTC will see a drop to 139.
There is a lot of hype going on about LTC. Some predictions as far as 1.4k by as soon as April. We will have to see if that happens but I believe this is possible by end of the year based on the growth that LTC...
I believe in this play.
2 & 3rd stop weak, this must hold.
Strong resistance at 216$ - Expect selloff here.
4th stop very strong bros, if this breaks - Might see fud selloff.
Litepay hurry up xD
Always, safe trading.
LTC is at a critical area of trendline support on the Daily Chart. RSI and OBV remain moderately strong. If the trendline is broken on the Daily Chart ,we are looking at 177-180 area for a bounce.
Strong Support Area remains around 144.
If we get a push here with some more Volume, we may go past 238 and eventually Target for 272 in the near...
CUP and handle forming on LTC.
Buy-in: under $230
Current price: $219
Stop loss: $195
PT: $240, $265, $300
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The price, after breaking down the bearish trendline, created a huge bullish impulse until about 250 USDT. Then it retraced on the support placed at 180 USDT. At the moment, the rebound happened on that support shows positive signals. These aforementioned signals may suggest a coming back nearby the resistence area (underlined by the red rectangle). In case of a...
Yes, another post on LTCBTC!
Just wanted to get this out to show what we are seeing on the STOCH RSI, RSI, and CCI on a 4 hour mark. All 3 are beginning to fall which could show signs of weakness and being oversold. We have had another rally but could not reach the previous most recent high of .02490. We topped out around .02381 and we have started to fall...
Right now with the recent high against BTC, It is a good time to trade out a portion of LTC to BTC, as it is at a new high against the king. BTC is currently set to bounce back up: riding along support and possibly forming H&S. Litepay to release tomorrow, target 1 is .25
Fundamentals: Litepay payment service will be released tomorrow, deploying the service in 41 countries simultaneously.
Litepay is extremely fast (transactions occur in seconds) and cheap - flat fee of 1%.
Technical: SMA 50 above SMA 200 and price above SMA 50. That is a double bullish confirmation.
Take profit: 0.0267 (+23%). You can also keep a part...
Due to the LitePay release date on Feb. 26th, we see Litecoin's making it out of the bearish weekend to see a positive uptrend. My opionion is that LiteCoin will continue to make a gradually increase for the next few hours then shoot passed resistance line(Blue Line). Once Litecoin has passed through resistance line we will definitely see an outbreak. I'm not...
Previous Target Done -- next 0.24 Satoshis. Please check my previous chart also. Resistance broke, we need little more volume for journey to $250. LitePay should bring more attention to LTC, releasing 26th Feburary!
Link to previous chart :https://www.tradingview.com/chart/LTCBTC/tuPiEnDe-LTCBTC-needs-more-volume-huge-potential-in-coming-few-days/
Target 1 done...
“The pullback in Litecoin is indicative of the general market pullback... Litepay is on track to be released on February 26"
^^current btc -3.86% risk^^
What is litecoin, anyway?
Here's my thoughts on what I'm expecting out of Litecoin
I think we're going to either going to continue following the new uptrend drawn out in blue and if it's broken I'm putting my buys at $175 down to $130
Here are my target if support holds
Ultimately this trade is going to depend on how BTC is feeling.
Good luck fellas