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LTC Laggard Bull Playing Catch upLTC still a very solid move and uptrend, but unable to break the high of early April yet, which the other names are already well above. Bulls have a clear hourly higher low pattern to keep an eye on to ensure the move is still fully control by the bulls. Loss this pattern and we will look for longer term consolidation. If the 4 hour higher lows are lost we will look for daily consolidation and a higher low to form from the breakout. Bulls would love to break 137.89 daily resistance before the uptrend is lost and consolidation begins.
COINBASE:LTCUSD
by TheChartGuys
LTC on the verge of a Bear Break LTC actually broke the daily higher low by .10, but that is close enough to call it a double bottom for the time being. It does show us that we are on the verge of a bear break with a high probability of a break today. If we drop to lower lows on the daily we will be watching the $100 psychological level. Strong correlation to BTC but the last two days it has been slightly more bearish. Patience continues to be the name of the game specifically for the bulls whose opportunity is limited to a couple times a week on the BIG 3. Additional 2:30 hours of content added to the crypto course yesterday, free for those who already have purchased, price staying the same for the time being.
COINBASE:LTCUSD
by TheChartGuys
LTC Daily Equilibrium IntactLTC Forming a lower high very correlated to BTC remaining in the daily tight pattern as we wait for a break. Now we patiently wait for the break within the next couple days. Bears are entering on a loss of the daily higher lows, and bulls are waiting patiently as a bull break on the daily is only step #1 of a long list of requirements for the bulls to regain momentum. Odds still favor the bears in this setup unless we see significant bull volume on a break of the daily lower highs. Opportunities will very limited for bulls who are sitting on their hands and patiently waiting for the tide to turn.
COINBASE:LTCUSD
by TheChartGuys
LTC Best Chance of the 3 for a Daily Higher Low LTC has the best chance for a daily higher low because it ran the hardest, and has the most room to consolidate before breaking important support levels. The daily EMA resistance has rejected the price and we will need to see the hourly chart regain a bull trend as the first sign that a daily higher low is potentially forming. The bulls are 1 step ahead of ETH and BTC already having a daily higher low to work with. If the first support listed breaks, there will be no 4 hour supports left for the bulls to hold. We still have to remain skeptical of bulls and make them PROVE IT with volume and a trend change on the daily. Bulls remain picky and patient until then.
COINBASE:LTCUSD
by TheChartGuys
1
LTC/USD SetupLTC/USD setup as of now Bullish Points: Falling Wedge - With the wedge at the 78% fib level, we could see a bounce around that region. Also, the support trend line happens to be in this area as well which provides more confluence to this possible bounce. RSI - Showing a series of higher lows, could be indicating a trend reversal. Also, an example of divergence as the overall chart is down-trending and the RSI is up-trending MACD - Deep in the negatives, looking like a crossover is approaching soon. Also, the histogram is trending upwards creating more divergence with the price trend. Bearish Points: W2 Bottom Support - This price level at $102.780 (red) cannot be broken or else we will go into an extended correction period. This point provides a larger support level for the falling wedge to bounce if the other major support trend-line (white) fails
BITFINEX:LTCUSD
by nickd534
1
LTC - falling wedge pattern.LTC/USD is forming falling wedge pattern. All in place: **Price Trend** — Can be any direction leading to formation. **Shape** — Price follows two down-sloping and converging trendlines. **Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side. **Volume** — Trends downward 72% of the time. **Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex. **Confirmation** — Pattern become valid once price close outside of channel. **Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout) Credit - Thomas N. Bulkowski IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! IT'S IMPORTANT. DON'T BE TIGHT - GIVE A LIKE This information is not a recommendation to buy or sell.
COINBASE:LTCUSD
by PipEze
27
LTC - Ascending Triangle - Possible Price RiseLTC/USD forming ascending triangle. All in place: Price trend - Can be any direction leading to the chart pattern. Shape - Triangular. Prices move between two converging trendlines. Trendlines - Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward. Crossing - Price must cross the pattern from side to side, filling the triangle with price movement, not white space. Touches - Price must touch each trendline at least twice, forming distinct valleys and peaks. Volume - Trends downward 77% of the time. Breakout - Upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts. Average rise/decline: 35%; 19% Credit - Thomas N. Bulkowski source - thepatternsite.com IF YOU LIKE TRADING IDEA SMASH THAT LIKE BUTTON!!! This information is not a recommendation to buy or sell.
COINBASE:LTCUSD
by PipEze
16