If you look at the bigger picture, you will find LTC forming a beautiful inverse H/S pattern indicating we are due for a breakout soon @ 165. It will not take too long and we can be there as soon as next weekend. So don't loose patience as it will be rewarded soon.
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My previous post on Litecoin can be found here: In the post above, I mentioned that Litecoin would target between ~$142.76 and ~$146.29 (Target area) which is again shown in this post. Litecoin (LTCUSD) currently has reached this target area. The entire structure from ~$109.89 on April 1,2018 based on this analysis thus represents a regular flat Elliott wave...
I was talking about litecoin yesterday. He began to have his own schedule. This is due to the news of the Lee Wall about listing this coin on the stock exchange. I think the main impulse is not over yet. Watch the channel. Given this fundamental analysis yesterday I managed to make a 6% profit
goals on the chart, go to the breakdown
Price action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)). The target area is therefore between...
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...
Following yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming. Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders. As price action nears the...
LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action. I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing. If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below...
ltc usdt doenst look good..
Position: Bearish We were stopped out of our last trade for profit. Right now we are sitting on this larger Trendline and it looks like it's starting to break through to confirm the move to the downside. It will probably chop it's way down past this 142-138 area as we have a trendline and support point. We do have MACD in favor of this, but RSI is starting to hit...
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...
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...
I have updated and used the Elliott wave principle in this post to model the price action of LTCUSD. Chart patterns for LTCUSD annotated and the comments I gave can be found in this post: Currently, LTCUSD is shaping up as a double zigzag Elliott wave structure (A-B-C-X-A-B-C). The implication of this is that the minimum target for LTCUSD is the price low of...
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...
LTCUSD resumed an uptrend on the 4hr tf from a price of ~$107.63 on Feb. 6, 2018 and the progress of the uptrend so far is indicated by the uptrend line in red. LTCUSD looks like it is forming a top that I have marked as a possible complex Head and Shoulders top . However, I only annotated the chart to show this topping chart pattern, price must close the...
Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that first bulish impulse is over. Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively take a long position...