LTC/BTC - Weekly Close UpdateLTC doing amazing compared to BTC value, and on top of that BTC is slightly up so LTC up in USD as well! A good coin to have had. Thanks Bix Weir for constantly talking good things about it otherwise I wouldn't have had a larger position in it.
Last week closed on support. If we hold it and accumulate in this range, the chances for continuation upwards increase. If it breaks this support, there's others on the way down. HODLers are strong in this case! I'm prepared for short term bearish @ .0147
Regardless, I'ma keep buying because it won't be this low forever!!
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LTC is running out of gas, maybe one last push to around 70LTC is running out of gas, maybe one last push to around 70, daily strong bearish div, weekly continues upward with the declining volume. its running out of gas in the rising wedge, its a strong daily bearish formation. After retracement, depends on the retracement on weekly we will see how ltc goes towards halvinng (expect target 90-120). In 2015 ltcusd pumped 800%, the sell news event happened 1-2 month earlier, and ltcbtc dumped 90%...so be careful... dont fomo halving, buy the dip sell high....let noob buy your bags...
LTC / USD Test Support at $50 then on to $60 LTC / USD as I predicted in my last analysis has started to make a small correction on the 1 day chart. We are seeing a drop to $53 and our closest support will be the $50 range, where the bottom of the upward channel is in blue. As I depict with the arrows, the directionality could still be upward in the following days and week. But for now there is a good chance we see $50. Where before this was a huge resistance now it has become a support. The top of the channel is in the $65 range. If we see a large bull movement at the support we could see a push to $65 but that means we would have to break a huge resistance at $60 so it is best to sit back and watch. The next thing to watch out for in this case is that $60 is held by the bulls then we can start looking upward more. However, in the recent analysis I posted I also stated that without the support of the larger coins or in general the rest of the market it is unlikely LTC will progress alone. If we see the support of the other major cryptos then there is a good chance the bulls can regain control. I would not hold my breath on that happening though.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.
LTC looks bearishLTC is moving inside the marked ascending channel - but formed a H&S on the 4 hour. A dump is very likely here, having been rejected hard by the upper trendline resistance zone and after an ascending vedge has broken downwards yesterday.
We could see a first leg to 41 - then a short bounce - followed by another leg to about 39.
A breakout to the downside when testing the lower trendline seems likely this time, which would send LTC further downwards - propably to new lows since the end of the bullmarket.
LTC Due for Backtesting--Heavy Resistance AheadLTC faces heavy resistance ahead with the confluence of the 26-week (6-month) EMA and several tentative trendlines. With the price now testing levels it has not seen since November, LTC may trend more sideways here--with a more definitive test of the 12-week (3-month) EMA also likely in the cards before any further upwards extension.
LTC/USD short term LONG idea zoomed out LTC/USD short term LONG idea zoomed out
possible triple bottom pattern on LTC daily - short term bullish
overall down trend
Test 32-36 levels
watch for confirmation of support at 32
next support at 29.41 and 26.18
top of range 36.78
MACD flat
RSI bullish
VOL ATR indicator LONG
LTC, laggard bulls will get rektLTC bullish sentiment on twitter is insane right now.
Similar to everyone on twitter shorting TRX recently and look what happened lolz.
But even without sentiment in consideration, I've been waiting for LTC to hit this range high for a while.
entries stacked between .00996-.01016
Targets - .00955 | .00934 | .00912 | .00864
Stop loss - .01039
Let's see who's right
LTC growth phaseLTC showing us great rotation and it´s going to apex of triangl, which has been formed since the beginning of the year. By cyclic lines on 15 min. chart should LTC do breakout today and grow. At the end of consolidation phase was created falling wedge with lower sell volume. On 30 min. chart was created bullish divergence on MACD histogram. Within next hours I would like to see last leg down or breakout of falling wedge.
LTC ON BITMEX WATCH ZONE FOR LONG OPPORTUNITYLTC is finding support around 0.0075-0.008 BTC on Bitmex.
We can see slowly gaining volume and possible break out of triangle in uproming days.
Depends on BTC...if BTC goes down , LTC will follow.
Only for brave.
Watch short signal and indecision around 0.00865-0.0088 BTC.
Stoploss you can put bellow previous support
Leverage 5-10x
LTC is going up. or is it?LTC is obviously tied to BTC pretty closely. If BTC tanks, LTC tanks. We have been stuck in this wedge since 'Nam. We need a nice run up to the top of the wedge, or a break downwards for some action. Be careful shorting it, it always rallies when you least expect it. Normally when I am asleep, lol. Volume is declining, but that could change quickly. I do not see any divergences in RSI. Happy trading everyone!
LTC Hourly Channel on WatchLTC is currently trading within a channel on the hourly that is hard to feel good about as a bull.
I am still patient and waiting for a trade to come to me and it is not happening here.
I will be looking for a BTC flush of $8k or a clear break of resistance before looking for a trade.
This is a good time to establish a game plan for both scenarios of direction, as well as to studying up and learn some things.
The ranking is currently ETH, LTC, BTC in terms of strength for bulls, but still tied to the action of BTC of course.
Watching 4 hour EMA 12 and 26 for a bull cross which has not happened in some time.
LTC Weakest of the 3, testing supportsLTC currently at 10 hour lows while ETH and BTC are not close to being in the same position.
ETH and BTC are grinding EMA 12 and 26 hourly supports but LTC is currently losing them.
Still 4 hour lower highs, which the other two bulls already broke as well.
Bulls still struggling to hold their own in comparison to the others.
We now have a double top in the mid $160s to be watching for the bulls to break for continuation.
We will be looking for a daily lower high sometime in the next couple days.
LTC - Litecoin - Has your time come?? Breakout PotentialLTC is behind many coins recent success right now, but conditions seem to be favoring a potential breakout.
30+ days accumulation period.
Daily volume increasing.
Stoch curving up from bottom.
Falling wedge pattern.
My LTC trade strategy on Binance:
Target 1: 18850
Target 2: 21250
LTC to the Moon: Major Trendline BreakLTC has just broken a major downtrend line on the Binance chart, and it looks like Bitfinex is right on its heels. At low fibonacci levels, LTC has a lot of headroom to run compared to BTC and ETH. ETH is still looking great, though it has been running ahead of the pack for some time so we can expect profits will be taken soon, as it has reached higher fib levels early and will undoubtedly slow its roll as the others start sprinting to catch up.
LTC Bulls Scouting Daily Higher LowLTC still the weakest on the daily chart is trying to form a higher low of support for the bulls to remain in the pattern.
If we see hourly higher low and higher highs continue today, we will be confident our higher low is set.
If we drop to last night lows there is still a chance to stay in a daily equilibrium before breaking key support.
If trading the big 3, best to keep an eye on LTC but not trade it until we see a break from this pattern of comparative weakness.
Remember when ETH went from a month of being in the doghouse to lead bull... the correlations will shift eventually.
LTC 4 Hour Higher Lows ClearLTC still forming clear 4 hour higher lows after the high volume pull back candlestick.
Lose these higher lows and we will be looking for daily consolidation.
ETH bulls continue to higher highs, BTC bulls continue to top out at $9,000, and LTC continues to lag behind slightly.
PAtiently waiting for BTC to give us a direction today for the short term. Either continuation or loss of 4 hour higher lows.
The current setups are most clear on this time frame, and can help keep us patient rather than zooming in too much to the shorter term time frames and feeling signals are significant when in reality that is not the case for the bigger picture.
LTC Biggest Dump from the TopLTC, who has been the laggard of the big 3 most of this move, has now led the pullback as well.
This is the most significant dump and spike in bear volume of the BIG 3, and certainly has put the top in for today.
Even if BTC and ETH were to break the hourly equilibrium potential setups bullish (which I do not expect),
LTC would still not head to higher highs for a while playing catch up.
Looking for a 4 hour lower high to be set and for the current consolidation low to be tested some time into tonight.
Currently back to all cash as a bull and very patient for the next clear trade to come to me.