Hey Crypto Addict !
Hope You've seen the same thing I did on LTC
LTCUSD is on its final Bearish Trend !
According to those parallel Channel and the Fibonacci extension tool, we Should see LTCUSD hit above the 0.786 (Pink line) Before taking off for a bullish trend !
All this said, We all know how making good money on Shorting is easy.
But before doing so,...
Price action between January 5, 2018 and $108.29 is captured in this analysis as a descending triangle for Litecoin (LTCUSD). The implication of this chart pattern is bearish, albeit not 100% of the time.
Litecoin (LTCUSD) currently has broken out of the is chart pattern and the downward target using a vertical projection of the width of the chart pattern means...
LTC looking bearish here.
So far we completed 4 waves down and are currently putting in the fifth wave.
There is bearish diveregence on the oscillator implies bulls are losing strength.
BTC also doesn't good in particular and also one more leg down
LTCUSD does not seem to be finished in its present correction (wave 2 on a larger degree). After an impulse wave up, I noticed an impulse wave down. Seeing as an impulse wave down after an impulse wave up can only be the first wave down in a correction, I'm expecting the present price action to develop into another impulse wave down (wave C). Based on Fibonacci...
LTCUSD daily chart
Indicators are not positive at the moment.
I'm waiting for a jamming the price at the area I have marked
Then the price direction will become clear
There will be very volatile movements after the jamming
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired...
LTC is resisting at 118.8 and supporting at 117.5 thus indecisive.
If it breaks above we are going to 122 else 110 in short term.
Just wait for signal before doing any trade.
My previous post for Litecoin (LTCUSD) can be found here:
It was mentioned in the post that a move back upwards for Litecoin (LTCUSD) would terminate between $152.13 and $158.19 before another sell off in Litecoin (LTCUSD). Lack of recovery to the region of the horizontal green lines as mentioned in the previous post is interpreted to be a minute wave ((x)) for...
Dear Artemis, I have noticed that Litecoin is touching a thin line, a thin line that connects the high of April 5th 2017 with every significant low that Litecoin has had during the last year.
A line that represents the uptrend with the dreams and ambitions of every bull; bulls who have managed to erode the downtrend in margin positions and are outnumbering the...
LTC is interesting right now. It's really similar to ETH in that it's hitting this trend line and that it needs confirmation for a confirmed move down. Could it continue going up from here? Sure, but I am on the sidelines until we get some more direction.
RSI is confirming divergence
MACD is looking to cross here, but you need confirmation
This 140 level should...
Yesterday's idea brought us another 4% profit. And so my strategy alone has brought us more than 25% profit. We have short when they were all in long, we have short pattern, we had long when all short. Goal the middle of the channel
Hey. We enter the long after breaking the boundaries of the triangle. I also want to tell you about my interesting indicator called as "trend Cloud". Here are the cloud features in more detail:
Support/resistance breakout, to indicate trend strength of support and resistance(the wider the cloud, the stronger the trend), the slope of the trend. The equilibrium...
In the previous idea, we traded a triangle and got a 10% profit. Updated levels and channel in this idea. Those who are not in positions noted level rollback where to buy it
My previous post for Litecoin (LTCUSD) can be found here:
It was mentioned in this post that the price swing for Litecoin (LTCUSD) was either shaping up as a correction or just terminated a Minute wave ((iii)) position.
After further review, 7 swings in price action from ~$113.08 on April 10, 2018 to ~$165.47 (price close) on April 24, 2018 can be identified...
My bias on LTC is also Bearish right now. But that doesn't mean I won't trade it to the upside. While these ascending triangle formations are traditionally bullish for a break to the upside, we could also just be forming a Head and Shoulders pattern? Which is it?
The upside play:
caution Higher risk trade: throw a buy stop above 155 for a move to 165 and possibly...
