- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge! - Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see. - Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even...
Litecoin Intraday We look to Sell at 49.96 (stop at 52.06) A bearish Head and Shoulders is forming. We look to set shorts in early trade for a further test of the fragile looking support. A move through bespoke support at 50.00 and we look for extended losses. There is scope for mild buying at the open but gains should be limited. Our profit targets will...
Litecoin Intraday We look to Sell at 54.63 (stop at 55.69) A bearish Head and Shoulders has formed. We have a 61.8% Fibonacci pullback level of 54.82 from 57.00 to 51.30. The hourly chart technicals suggests further upside before the downtrend returns. There is scope for mild buying at the open but gains should be limited. Our profit targets will be...
As i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see...
Litecoin Intraday We look to Buy at 44.05 (stop at 42.82) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 43.50. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 47.44 and...
Litecoin Intraday We look to Buy at 43.64 (stop at 41.44) We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 43.50. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 50.73 and 54.19...
Litecoin Intraday - We look to Sell at 45.89 (stop at 47.18) Preferred trade is to sell into rallies. A sequence of weekly lower lows and highs has been posted. Risk/Reward would be poor to call a sell from current levels. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today. Our profit targets will be 41.13 and...
Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away. We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be...
Litecoin Intraday - We look to Sell at 60.68 (stop at 62.08) Preferred trade is to sell into rallies. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Risk/Reward would be poor to call a sell from current levels. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended...
Litecoin Intraday - We look to Sell at 66.96 (stop at 68.79) Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 67.00. We have a 50% Fibonacci pullback level of 67.18 from 73.92 to 60.45. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell...
Hi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC). On a monthly time frame chart, LTC has formed a huge bullish Gartley pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Litecoin Intraday - We look to Buy at 65.02 (stop at 62.98) Price action continues within the short-term bearish trend channel. Previous support located at 65.00. A move lower faces tough support and we remain cautious on downside potential. Trading has been mixed and volatile. Our profit targets will be 73.19 and 85.00 Resistance: 74.00 / 82.70 /...
Litecoin Intraday - We look to Sell at 72.96 (stop at 75.42) Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has...
Litecoin has underperformed compared to many Alt's over the years. But everyone has atleast heard of it, as it was one of the first for many years that Coinbase offered. Part of "The Big Three" As it slipped off the radar for many it is a solid coin. P2P and PoW, it's simple fundamentals make it great. It's scrypt algorithm makes it good for miners as there is...
Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak. 11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!? Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a...
I'd suggest checking out my previous post. In it you will see how the Inversion of the 50 Day SMA to the upside, has been a reliable predictor of a larger surge higher. This has occurred 11/11 times the 50 Day SMA has inverted higher, since the start of 2017. We have witnessed a slight inversion but have not seen significant follow through, being the Ratio...