More room for fast growth on LTC after retracing and correction of a good run in Dec 2017 LTC seems to be going bullish again
Our past bat pattern has perfectly worked as price droped again from Fib 0.618
now we have another bullish run with good consolidation 285$
it is pretty clear that trend will continue upward since all of
RSI MACD and Momentum indicate upward movement
target of possible reversals are the red levels of Fib
tg1= 321$
tg2= 370$
a good level for buyback is the green line 250$
LTC-USD
LTC / USD Short and then Long. This is a possible short and then long opportunity on LTC / USD
This is not financial advice
Just recognising Patterns. This looks like a Bearish rectangle is forming.
Possible short opportunity from around 288 down to around 258 before continuing up to around 340.
Please give me any ideas or feedback you have. I'm eager to learn and share trading ideas.
Bounce that broke the downtrend and broke againSeems like we have a breakout of the "long"term downtrend. Broke out of the bounce retest of the trend-line as well. First small target and bigger medium term target on chart. Please draw some lines and confirm for yourself as well! Happy training and may the gains be with you.
LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.
Litecoin testing major support!Price is now testing major support area starting at 296 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support, bullish price action, bullish divergence) and a strong bounce could occur at this level to drive up price to next resistance level at 339 (Fibonacci retracement, horizontal swing high resistance). Our next major level of support is at 271 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing strong support above 5.7% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signaling that a bounce is impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin explosion is over! Short and buy back cheap! Risk: low/medium
Litecoin has exploded recent days. We need to see a correction next days.
We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once.
Sell: Below 287 (Activated if an hour candle closes below this level)
Resistance: 276 (50MA)
Here's the plan:
Target 1: 245
Target 2: 230
Target 3: 210
Target 4: 192 (If coin drops further)
Note:
If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290.
After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that.
Let's play this game and maximize your profits!
Please, follow and like for more trading ideas.
Questions? Just ask and your feedback is welcome.
Good luck!
BTCUSD Pre Futures Run Down. Looking at the charts for the run down in tomorrows futures opening I believe we're going to be seeing a price correction to the lower side as we still have people selling after the massive ramp up a few days ago.
Plus wall street want to make sure they can get the best price they possibly can so we're seeing right now market manipulation. After the first round of contracts are locked in, I believe the price will be sailing bullish to 20,000.
LTCUSD - how trend is madeLTC is ranked 6th in the ranking of all cryptocurrencies in terms of capitalization. In the last few days we see it growth, while in the last 24 hours its rate has fallen by almost 2%.
From a technical point of view, we are still in the growth channel. After an unsuccessful attempt to break from the bottom, the price turned around and given the opportunity to take a long position (support test from the top at 55.5 USD), reached the first target set by us - 71.7 USD.
We are now on the resistance from which we already had the first corrective reaction. If the price will go up now and will test this resistance from the top as support already, it will be a good place to buy. Alternatively, if the price falls again, then level 66.5 will be the second place to buy.






















