My previous post on Litecoin which called for prices to return to between $136 and $140 can be found here: Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1,...
Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09. A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to...
Litecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date. The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid...
if you know how to chart, you know what im doing here, im bad at explaining, but enjoy if you know. blue is supports light teal is load up, red is resistance, and we have trends walls on walls.
We have issued 4 calls so far for LTCUSD in March 1 Sell Call 1 BUY on Breakout Call 2 BUY Calls So far we have 100% Hit Rate on LTCUSD Have a look
LTCUSD will retest 50 MA on 30 M timeFrame and may retest Blue Trendline. Should hold in the area. However if breached than has a potential to retest yesterday's Low within +/- 7$
Start Accumulating LTC and add more on dips for minimum holding of 180 days. This is a Medium Term Call. LTC to outperform BTC in next 180 days Profit Target 369, 421,623,901,1423
Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that long correction in wave "B" or "2", soon should be over. Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively...
LTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and...
LTCBTC reversing on upside from key 55 DMA Support. Expect Fireworks
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction. We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction...
LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic...
Buy below the lines, sell above. Resistance will become support in the future. In order to have 2 or more consecutive trades on the same line there has to be a pullback of about the same size as the initial dip. Trade smart & make some money!
Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias...
Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major...
Hey guys so I'm a beginner analyst. I've been studying technical analysis for about 8 months and I'm starting to put it into action. I'm looking for experienced opinions, advice and criticisms on my ideas. It's one thing to study something and believe you have an idea of what you're doing, but its another to put it into action, therefore, I would really like some...