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LTC Double Top and PullbackLTC rejected from the high of the bounce, and pulled back losing hourly higher lows. The video yesterday described what is likely to happen for the consolidation on the daily and higher low to form. This is step #1 and now we watch to see if the 4 hour higher lows can hold. Lose 4 hour higher lows and we know to be more patient waiting for the shift of momentum back to the bulls. LTC continues to be the weakest of the big 3 and is off my radar for bullish plays for the foreseeable future unless news changes things. Watching for BTC hourly RSI to get oversold for the next bounce attempt but at this point the last days have been so profitable, I will continue to wait for trades to come to me very patiently waiting.
COINBASE:LTCUSD
by TheChartGuys
1
LTC Breakout or breakdown?#LTC Still watching... For a bullish breakout we need to break the current channel and the 136 resistance. For a trend reversal I would say we need to break that 170.00 "B" wave retracement. Although the volume is low the MACD and RSI seem to be increasing so as of right now I'm cautiously bullish on LTC and HOLDing my LTC. if that support breaks near 108 .00 everything is out the window so expect new lows. Don't lose your shirt, set a mental stoploss and manage your risk. Not advice just my opinion. Cheers, Tr3mblay
BITFINEX:LTCUSDLong
by tr3mblay
LTC Forming Potential Diamond for 10% swing.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 112.8 then TP is 100.65. More on the diamond here: thepatternsite.com
COINBASE:LTCUSD
by alexhiggins732
LTC Dumping Down Towards $100 SupportLTC extreme oversold RSI levels just like ETH as we wait for BTC to get oversold to the point of a bounce. LTC fundamentalists say Litepay was no big deal... the chart says otherwise. High bear volume and dropping like a rock with no support for another 10% I would look for a short term bounce holding $100 support for today, but again it is dependent on BTC. Patient and let the trades come to you bulls, bears are entering on short term bounces, and breaks of support and doing well. Bulls had it very easy for 8 months and now it is the bear's turn to have it easy. Those with cash are loving how many coins they can now afford.
COINBASE:LTCUSD
by TheChartGuys
3
LTC Currently Holding the Best of the 3LTC, though like to see it happen soon, has not broken the 4 hour higher low of support yet. This means the bulls are holding on better than BTC and ETH this morning. If it does not break it will show resilience from the bulls. Otherwise we look for healthy daily consolidation and a higher low to form, which will be marked by an hourly higher low and higher high as the first signal. Even the fact that support has held this much longer than the others is a reason to potentially play LTC on the daily consolidation if scouting an entry. Patient for the bulls to start shifting control back in their favor as it could take a couple days.
COINBASE:LTCUSD
by TheChartGuys
2
LTC Bearish ContinuationLTC was the only of the big 3 that had already broken 4 hour support yesterday, and now is following through. Personally not looking for any bounces unless hourly, 15 min and 5 min RSI levels are oversold. BTC daily potential bear flag and the "Dump O'clock" observations 5 of the last 7 days are reasons for bears to be optimistic and bulls to be concerned. The safest place for a bull to be is all cash at this point and being selective over bounce opportunities. LTC will continue to be the play I look to for bounces due to the history of bigger % gains from the initial bounce.
COINBASE:LTCUSD
by TheChartGuys
LTC on the verge of losing $175 supportLTC bulls have held $175 4 times overnight and are on the verge of a break that will have us testing the 4 hour higher lows. A break here will further shift momentum and the odds of bearish continuation. Correlation to BTC which is still looking at a bear flag pattern on the daily chart. 4 hour EMA 12 resistance rejecting the price, and will need to become support to shift any momentum. LTC still has a more favorable weekly chart than BTC due to the Litepay run up, but it looks unable to keep the bullish correlation on its own in the face of BTC weakness. Personally very picky trying to play anything bullish, requiring hourly, 15 min and 5 min to be oversold before looking for an entry.
COINBASE:LTCUSD
by TheChartGuys
LTC Daily Equilibrium LTC is a step ahead of ETH and BTC on the daily consolidation. This is the pattern we are looking to form on the other names with a lower high being set and consolidation to find a higher low on the daily. Potential for LTC to give us the first break as it has been consolidating 2 days ahead of the others. The break of daily equilibriums will give the most clear signals we have seen in a few weeks. Patience while the tightening patterns form. Declining low volume will be normal, it would be big volume spikes that would decrease the chances of a daily equilibrium forming on any of the BIG 3.
COINBASE:LTCUSD
by TheChartGuys
4
LTC about to take offLTC has been forming a bull flag, on the 12H chart, for the past few days. It broke out of this earlier today and looks set to retest the upper resistance of the flag. This should hold and start moving upwards again. Since the December ATH LTC has played the Fibonacci Retracement lines perfectly (as circled). Target: The flag pole of the bull flag gives a target of around ~ $313, however, with the 78% fib line at around $334 I would expect this to act like a magnet when the prices get close. I am setting some sells in the $312 to $350 range.
COINBASE:LTCUSDLong
by DK_WBD
LTC LONG !!!LTC is right now looking so strong... Basically : 1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point 2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270 3 - $270 is a big higher high in our new bullish trend that corresponds to a older high that wasn't tested since January 12 when we were bear. If we do pass the $270 wall, we can expect to make a big jump up. I would be careful though and expect that we won't pass it. So what I advice is to place a sell in that zone so if it bumps against it and not pass it, then big profits will be done. We should expect it not to pass it the first time it tests it.
COINBASE:LTCUSDLong
by Tradingdeed
4
LTC Hourly Descending Triangle Bull Break LTC bulls still strong, looking for an hourly bull MACD after this bull break. Clearly stronger than BTC this morning but not independent of the correlation. LTC bulls will not be very comfortable until BTC is forming higher lows and higher highs on the hourly. Personally in a partial position as long as $211 holds to give the bulls a chance for continuation. All time frames are healthy for the bulls, just depends if BTC is going to ruin or help the bull setup. Looking for the 15 min higher low to form after the morning breakout.
COINBASE:LTCUSD
by TheChartGuys
LTC/BTC BIG WARNINGLTC went up very fast out of thin air. It reached what it needed to square up (red arrows). It took care of those sell orders and will most likely bounce off of that level ($236) and tank all the way back to its last level which is much lower ($150). It might even go as low as $120 to clear the orders down there as it needs to square that up as well. There is also another (less likely) possibility that it will keep pushing to reach the next required square up ($300), which is also an even number (psychological wall). I personally believe it will tank all the way to $150 area for a short amount of time which will give us a wonderful opportunity to get in. Look on the left when LTC first went from $90 to $360. Look at the red candles a bit later and their HUGE shadows that went all the way back to the last level before the initial move up. I believe the same thing will happen this time as well. Follow me on telegram if you want to be updated on this trade. Let me know what you guys think in the comment!
BITFINEX:LTCUSD
by UnknownUnicorn2029062
2