COINBASE:LTCUSD A bullish breakout of a falling wedge constitutes an excellent long opportunity, with a falling wedge being a continuation pattern . STOP LOSS : 93.91 TAKE PROFIT : 414.69 Risk-reward : 3.2 Longer term trend: Bullish Current trend: Bearish General comments: The falling wedge formed starting mid-december. The lower channel became...
Unlike BTC and ETH LTC has already formed a double bottom, but that does not mean it cannot go lower, it is always possible that it could. However, between the double bottom formation and $100 being, in my opinion, a very strong support area I would be very surprised if LTC would break below $100 for very long. If by chance I am wrong the $100 level does not hold...
Litecoin sold off from a high of $375.00 USD on Dec. 19, 2017. The current movement downwards which appears not yet complete can be described as a W-X-Y Elliott Wave Structure. Path of possible price trajectory is shown by the black arrow before Litecoin can sustain any bull move. A close below $107.63 should see LTCUSD probably target $57, at which point wave Y...
LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41...
Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 5.6% where a...
In this bearish market, it always hard to find places Im willing to put money in. honestly, I think we will need to see a total market shift before we see LTC start heading back up for good. Until that happens if we can find spots to jump in and make small gains, take them. I truly believe we will jump back up to $200, but in this market noting is for certain. Be...
Trading suggestion: Price is in the support zone (231.76 to 198.04), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of entry zone (231.76) .Ending of entry zone (198.04) Take Profit: TP1= @ 286 TP2= @ 307 TP3= @ 330 TP4= @ 375 TP5= @ Free Technical analysis: .Relative strength...
looks like all coin make same way to up, anyway, anything is possible, Good Luck
As I type, LTC/USD is at a turning point. It appears that an ABC correction could be in. I previously was looking for a deeper correction in C, but price action has changed my highest probability view at this time. 3 options right now 1. Fakeout and we are looking for a deeper C back into levels I mentioned previously (2nd) 2. Deeper Correction below the 135 (I...
Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs...
We need to pay attention to the 330 entry level. There was a new trend after the sell off between 12/12 -> 12/15. The trend has been stable but if there is a break in support in the 0.236 fib level ($330~) we may see a retractment to the 300 support line. Being a swing trade we have to realise that 300 is a very strong support line and will most likely just result...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
LTC Predicted trend line based on CoinBase/GDAX price.
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...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.