LTC KRW trend upLTC KRW still within trend consolidating nicely. looking more bullish as it consolidates.
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LTC-USD ending ABCDE correctionLTC looks like it just finished an ABCDE correction. I count 5 subwaves with a 3-3-3-3-3 structure.
If this is the case we are now in, or just finishing an impulse wave 1 usually ending in the same region as the B wave.
LTC-Live Trade Journal (daily chart)LTC-Live Trade Journal (daily chart)
3/10/2018 (1st entry)
Litecoin is relatively flat at the moment compared to BTC and ETH which are bearish. While I don't think there is a strong case to trade the daily chart at the moment, faster time frames should be looked at. Other time frames will be posted as separate ideas.
LTC/USD PredictionLTC had a nice run after it hit the golden ratio early yesterday. 5 beautiful waves completed and we are working on ABC correction before another impulse wave up begins. I am not a financial advisor so DYOR.
LTC/USD - Seeing Nice Move From Yesterdays Dip! Bonus!!LTC update and what my opinion is on the next moves within LTC. Saw a nice dip to just under $160 yesterday, which presented a nice buying opportunity in my opinion.
My general expectation is to see price break the fibo level I mention in the video and price to start making some nice moves up after this dip. Only time will tell.
LTC/USDT (Volume Analysis Prediction 3/02/2018)LTC now does not correlate with markets(BTC)
The price is in consolidation, and is near a strong support zone
If support is still relevant, an upward movement may begin
When you close a part of the position, move stop-loss to the point of opening position (breakeven point).
Entry point: 215(Buy stop or buy limit)
Stop: 209.5
Target1: 231
Target2: 240
LTC wave CLTC has done a good run since the large correction.
As 5 waves were made, we are now in the abc correction. As we speak we are in the c wave of that correction.
The b wave was a pennant that broke out into wave c.
As a rule of thumb, the breakout will be as large as the pole of the pennant (here we take the pennant made by the correction waves), making around 160 dollar the target.
This is also the 61.8 % retracement of the rally, making this an interesting point to long a position.
As the Elliott wave theory tells us, when the 2nd wave is a strong correction, the 4th wave has a high probability of being a weak correction.
Also knowing that this correction could be the 2nd wave the larger picture, meaning the next wave will be the 3rd and strongest wave.
A close under the 138 could be seen as a fail and this would be a place to put a stop-loss.
LTC - possible 34% price riseLTC formed diamond which usually indicate price reversal. If however diamond break upward, which is the case with our formation, there is a big potential that price will rise proportionally to length of price movement from bottom to diamond. Volume underneath diamond suggest that we are dealing wit congestion - accumulation phase and price rise is almost unstoppable.
source - thepatternsite.com (Thomas N. Bulkowski)
Overall performance rank for up/down breakouts (1 is best): 21 out of 23; 7 out of 21
* Price trend - Upward leading to the pattern.
* Shape - Looks like a diamond, but one usually tilted to the side.
* Trendlines - Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys. Trendlines connect the peaks and valleys for a diamond shape.
* Touches - Prices will touch each trendline once or twice. Don't worry if your lines cross some of the price outliers.
* Volume - Downward trend 67% of the time.
* Breakout - Downward 69% of the time.
This information is not a recommendation to buy or sell.
LTC braking out? Will BTC follow and continue uptrend?LTC is one step ahead in the higher lower pattern. Will this be a fakeout? It all depends on BTC breaking it's recent high of 11.8k
LTC - Diamond Top - Possible DropLTC/USD -Diamond Top - could be price drop to 160$
All in place:
- Upward move leading to the pattern.
- Looks like a diamond, but one usually tilted to the side.
- Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys. Trendlines connect the peaks and valleys for a diamond shape.
- Prices will touch each trendline once or twice. Don't worry if your lines cross some of the price outliers.
- Downward volume trend 67% of the time.
- Downward breakout 69% of the time.
This information is not a recommendation to buy or sell.
LTC HAVING 'STAGE FRIGHT' ?LTC gave as the first one the example for a trend-reversal, but is now in the footsteps of BTC ...
BTC is having problem with the descending parallel as well..
Hope this is temporarily and it doesn't stay in the parallel for long
LTC poised for breakout after ABCDE triangle?LTC is nearing an action point. Predicting a breakout to the upside to begin wave 3.
Recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
