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LTC $695 - Parabolic Break Out - Last Chance For Discount PricesLTC has formed the strongest and most assured breakout pattern - the Parabolic Breakout and Symmetrical Triangle - with a breakout target of $600. This parabolic breakout pattern represents some of the largest gains possible. A successful breakout is almost guaranteed - failure is rare and most often occurs between 50% and 75% into the contracting wedge. According to Elliot Wave Theory we should see a bullish upward breakout with this pattern Its been a long bumpy ride but at this point the weak holders are finishing up selling and, we have gathered the accumulation and interest for the next leg. Dip buyers will rush to the market while the price is cheap and there should be a massive increase in volume on the breakout. We will be looking for a drop in volume and will be guided by the moving averages. Dip buyers can get start getting now while the price is cheap. Breakout buyers can wait for confirmation by verifying volume or a price spike (say 3%) after breaking the upper resistance line which is currently trending downward from the upper 280s as the approach toward the apex nears. Break out target is set by measuring distance of the widest part of the triangle, which will different by exchange. Bit stamp had a high of 375 was which time the lower resistance line was 162 which gives a triangle height of 213 when added to the previous 375 high gives a target of 588. Coinbase/GDAX has a high of 420 at which time the lower resistance was around 145 giving a breakout target of 275 above the previous 420 high to a target of 695. More details on the pattern here: ibankcoin.com Details on picking a price target: stockcharts.com For LTC BTC tradders, a parabolic breakout pattern has formed as well but not as strong as this one but a substantial gain against BTC is expected.
BITSTAMP:LTCUSDLong
by alexhiggins732
9
LTC/USD Potential BreakoutLTC has been downtrending since Jan 6th high. Today around noon EST we broke out of the downtrend as it met the .262 Fib line. It held through Wall Street close and quitting time 5 EST. A lot of buying in 244-246 range. Hoping to see a launch this evening and, at the very least...reach or pass the .382 fib line at 253 range, or possibly .5 Fib at 262 range. Hoping ETH profit taking funnels to LTC instead of other Alts. TRX and BCH have shown some gains during the ETH selloff. Note: This is not investment advice...only an opinion.
COINBASE:LTCUSDLong
by GeorgeChart
LTC Bulls Looking for a Higher Low on the DailyLTC bear break of the daily inside bar was an indication of consolidation to come. Attention is on ETH all time highs and volatility as BTC and LTC consolidate. Looking for hourly higher lows and higher highs to indicate a daily higher low has been set. Daily bull MACD cross should follow through when we have a convincing daily higher low. Worth scouting for a bullish entry but not giving the bulls any benefit of the doubt. They need to prove our higher low is set. Strong correlation to BTC but when the bulls show up the moves are more explosive and faster to play out.
COINBASE:LTCUSD
by TheChartGuys
LTC is back at it again! Correlation chart 4HLTC is climbing it's way back up from bottoming out. Let's see if it can make a new ATH. There is a fundamental / possible rumor in play that it could be implemented as a payment option for facebook. Zuck has came out and said that he is looking into implementing crypto and Charlie Lee has sold all his LTC so he can not have financial ties to the project, but he still supports it. It is looking strong here. Do your own research and this is not advice to take any position.
COINBASE:BTCUSDLong
by tvofinvesting
LTC/USD Continuation LTC/USD has been on a tear since its wedge breakout around $150 LTC has since traded consistently with roughly 60% pullbacks off of run ups and consolidation around 30% pullback before continuing for its next bull run consistent with Fibonacci retracement. As a result rsi has been overbought topping at 90 but has since traded sideways and consolidated as it approaches ema 50 and rsi has dropped to a more reasonable level. Watch closely as the price action approaches both its ema and trend line from its breakout. Should expect to see continuation at these levels, however if they do not hold, a pullback to the $250 range is likely.
COINBASE:LTCUSD
by zbernier
LTC Entry Point LTC is still forming an ascending triangle pattern (bullish), which is functioning as a bull flag (bullish) at the top of the rapid run up from the low 100s, which forms the flagpole. A pending order may be placed above the top of the triangle @ 330. By breaking the bullish ascending triangle consolidation pattern, LTC can be expected to gain 80-110% the hight of the triangle. By breaking the top of a bull flag, there is a chance of gaining the entire length of the flagpole. There are two partial take profit targets that are marked in blue and line up with the fib extensions. Consolidation or reversal may occur at or around these levels. I'll be reducing my exposure by selling some of my stake at each of these levels. I'll also be adjust my stop loss up to protect my gains. It is not advisable to try to buy inside the triangle since there is still a roughly 35% the trend will break the bottom of the triangle, which could trigger a retrace of 80-110% the height of the triangle from the point where it breaks. Don't forget to place stops once your buy triggers, as a BTC correction still possible and could drag the market down with it.
Long
by Tmoran
LTC - good entry pointLTC is a good choice for an altcoin to invest in with the intention to make some money after the BTC fork. It has a very strong community and big potential. But most interesting is the strong support indicated by the green ellipse in the chart. We have a long term trendline as a support - the 50 and 100 day moving average are also heading to that point - so we can see immense support at that point. Therefore, I regard investing into LTC to be not that risky at all - with a strong support - and with big potential.
BITFINEX:LTCUSDLong
by AbuSalihh
LTC, half way back to the glory in 2013, 300 YUAN up ahead.I want to share something I found, during this time LTC price shocks around 194 YUAN, and I draw a Fib retracement level from 2013 top to the lowest point, 194 is exactly at 50% ! In other word, we are not reaching top yet, if LTC break through this triangle before reaching it's end, that will pull up Stoch RSI on daily, I think we will have a great chance for going up to 300 YUAN, and that is 78.6% of the Fib retracement.
LLong
by bamboodian
13
LTC Short Term - 0.01175 Area of resistance to be broken.Just taking a quick look at this after the double bottom seemed to hold from my last idea. With the BTC weekend churn dying down, it looks like we might be ready to go up again. As can be seen from the fibs, and as I've seen in other chart studies on other platforms, this area looks like a good point to break up. Short term targets at the .5(.012235) and .618 fibs(.012764). Trading has been relatively quiet on this pair with increasing volume indicating increasing volatility to come. Barring no major surprises on BTC, it might be time for LTC to accumulate value. LTCUSD also looking healthy for a strike at 30USD. Also, looking at the CM oscillators, it looks as if we're building momentum upwards. As most of you will know, oscillators can be misleading, so in this case we can pay less heed to the CM_Stoch osc on the bottom and wait for a double sell signal on both osc...but even then, this should only be used as a warning of a sell area approaching. Good luck as always.
Long
by Rotox
Looking for a LTC breakoutLTC as been in a large consolidation wave for a few weeks now, following SegWit activation and a 'sell the news'-invoked correction. LTC has performed differently than other altcoins recently, with its notable price stability - although the price has fluctuated in a wide price channel, allowing for many profit opportunities. With the wave coming to another peak, we are set up to retest the strong resistance at $30, followed by the trendline resistance that should be around $31.50-32.00. If we can get a clear breakout (a full candlebody above trendline), then we can resume the climb to pre-SegWit highs, and the yet unreached ATH (~$48). Ever skeptical, beware of a correction that penetrates the support found at $24 - as this would disrupt this fragile chart. If this were to happen, a retest of the $20 range would occur, and perhaps sub-$20 levels. However, my overall sentiment is bullish for LTC.
COINBASE:LTCUSDLong
by tl93
1
LTC EUR small drop before a higher rise (Sunday-Monday)I think there is going to be another drop in short-term of BTC. Many new investors coming in BTC and after seeing a 400€ drop in a few minutes, are waiting for the bounce to get out. Also many analysist are talking that the bubble could pop anytime soon, and it is normal after the recent rises over 10% a day people will try to sell. LTC and most of altcoins drop when BTC falls. However, after this, I think LTC will grow a lot as it was trying to reach 35€ again before the yesterday fall, probably until 40€ or 45€, very close to XMR. Just my opinion :)
Long
by Playero55