LTC/USD ANALYSIS (THE FALL CONTINUES)LTC/USD is very likely to continue dropping as we are seeing a bearish correction in place. LTC has crashed under 50MA, and 200MA is next. Short sell targets I expect to see $61, and $59 incoming in the coming weekend/week. I do expect a turn around once LTC does enter the yellow entry box. This is positioned for a long opportunity at 58-60$. RSI daily is rapidly decreasing and stoch flipped bearish again after attempting to cover a neutral ground. This does not look good short term. Long term, There will be a re-attempt of the local high. It will take some time to play out though, giving the take profit long term targets of $69.40, T2 of $75.60, and T3 of $81.40. Again, patience here is key!! Right now LTC is in free-fall and in no position to rush into a long. The short option is down to $59! Following this, look for entries staggered near 59.
Possible Long Entries: $59
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LTC ANALYSIS (WAIT FOR THE BREAK!)LTC UPDATE:
LTC has hit a small resistance at 7500 sats and look to possibly be a small accumulation. It would be healthy for LTC to correct back to prime buy zone inside the yellow box. This would confirm support and make a strong play for a bounce UP. The Next targets I am focused on are 7980 sats, followed by T2 at 8300. The final target is inside the daily resistance at 8850 sats, in which I recommend closing the full trade here. If LTC does not dip to the yellow box, look to buy in upon the next green wick up breaking out of accumulation.
Possible Entries: 7100 sats
LTC, are we heading lowerLTC has reached the final supports. Any lower and LTC will drop the years lows. Any lower and there will be no recovery or Alts season. If there is no bounce by the end of the week, write off LTC, because all bottoming and reversal structures will be broken.
The only things that is positive is that it made a small bounce of the major black support line which is part of a major longterm upward channel. A break of that channel, will mean that LTC is dying.
Bounce or die.
LTC about to moon beyond your wildest imaginations - Part IIIThis is my third "serious" idea; part of the "LTC Moon" series. The other ideas were trollish, so don't focus on those. The related ideas are linked to below. As you can see, both were spot-on. The first one was published on the last day LTC was trading in $4's (and that was my "sudden" switch to becoming a bull on LTC, after having pretended to be bearish for months). The second one was published when LTC was in the $20's, it doubled shortly after.
Anyway, always do your own research!
LTC/BTC-WILL THE BULLS BREAK OUT INTO THE HALVING!LTC looking to make another push up IMO.
Looking back when the 50 EMA crossed the 200 EMA LTC had a significant push. If you go down to the 4 hr time frame you can see it has already crossed and is looking bullish.
Waiting for the break in RES and retest to entry or entering of the bottom of pennant for a push to the 38 Fib level for first take profits.
Keep in mind LTC halving is coming up soon and if history repeats it self go chart LTC on Bittrex and see the run it made up to end of July.
ENJOY
LTC - More upside movement to come?LTC rallied to almost $55 and was swiftly rejected from the downtrend resistance line. This could have been a major whale taking profit, seeing as this happened in a span of about 15 minutes, but who knows. This sort of thing validates how fragile supports and resistances are in a highly speculative market. Logical TA becomes less and less effective when markets are so susceptible to manipulative practices or when major money exits the market.
@ exactly 9:00am LTC plummeted, forming a massive bear flag, after getting rejected from overhead resistance. LTC has formed an ascending channel formation, and is retesting the daily 200 MA as support, which is also the middle of the channel. If that support breaks the next stop is the rising support trend line which is right at the psychological support of $40. Breaking through the $55 range is huge, and once it happens will be a confirmation for major upside movement. Until then, if we break the "rising support" line the next support is $30 and then we would retest the lows of 2018, which is still a possibility. Despite the red day, LTC is looking pretty good.
LTC litecoin LTC/USD update - short term LONG playLTC litecoin LTC/USD update - short term LONG play
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 down at 29.41 and 26.18
top of range 36.78
next leg up 40.23
LTC / USDLTC is acting like a grown up, acting separately of BTC over the weekend.. How you've grown!
Here's the idea we have been following for last few days.
We thought LTC would stay under the weather for a longer period of time, but it showing us some signs that it wants to move up.
We suspect this is the, buy the hype, sell the news phenomenon with Lightning coming online and the Halvening next year, as well as the much tweeted about - Flappening. (taking over Bcrash in marketcap.)
LTC is perhaps also less manipulated and pushed down as BTC and LTC might actually be a better indicator of what crypto markets should be doing at the moment.
We will keep a close eye on how this unfolds!
LTC NEEDS BUYING SUPPORT.
LTC has broken out of the corrective triangle it was stuck in, and is now formed a short-term double bottom above the triangles top line. This normally indicates a break in trend, along with the completion of the abcde pattern.
With some additional buying volume, ltc needs to push passed the $66 price level in order to test higher resistance levels around $76. With potential engulfing on today’s candlestick, we can look for another retest of the top trend line of the triangle before another push forward.
LTC has been above the 125 EMA for the last 4 days, if the top triangle line is broken as support, look for a bounce on the 125 EMA.
Please ignore the bottom indicator, it is simply used for BTC charting.
This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading.
LTC current price 65.48
COMPLETED 4:50PM LOS ANGELES
LTC Must Protect This House! 7 days to move in!LTC has 7 days to move inside the house and prove someone lives inside by having a daily candle appear inside the window. If LTC can do so, perhaps the tenant can climb on the rooftop and reach the chimney towards the clouds. If the tenant (LTC) fails to get on the roof and gets rejected, then LTC is getting kicked to the curb, where bag grabbers will happily pick up some bargain LTC.
LTC USD BITFINEX 4 HOUR LTC on the 4 hour seem to have the strongest bounce with the most potential profit,10%, something i always struggle with do you long the one which has fell the most in the dip or the one which has been the most bullish and held up the best during the dip ???
anyways LTC last major buy zone on my chart lined up perfectly with the BTC bullish buy zone which is perfect for a long if a bounce happens which it did !!!
locking up profits is key especially if playing bullish after the dump BTC had.
This trade would of been perfect just reaching the next sell zone !!!
IF LTC OR ETH ARE IN A BUY OR SELL ZONE, OR THEY HAVE ANY TYPE OF CHART PATTERN OR SET UP AND BTC DOESN'T. IT DON'T MATTER TO MUCH , LTC COULD HAVE THE PERFECT SET UP AND COMPLETELY BE DESTROYED IF BTC DUMPS WHICH IS KIND OF OBVIOUS BUT STILL :)
LTC promises profit, we wait and we earnLTC is waiting for the opportunity to enter!
Over the past two weeks, LTC has been sideways and gained a position. April 12 was a way out of consolidation and the market began a new upward movement.
Today there has been a rebound from POC reistant 1, the instrument is still looking up and we are looking for possible zones for entering the market
Such an opportunity will soon appear, and all who did not have time to get ready!
We pierced the upper Bollinger channel, potentially returning to the EMA support line 20, which coincides with the POC SUPPORT 2 support line
Additionally confirm the forthcoming correction of the hidden divergences at the CMO and OPEN INTEREST DIVERGENCE
And what if the market reverses and LTC along with it? It does not matter, there is an imbalance zone and even lower POC SUPPORT 1, which is even more profitable for us.
The potential for LTC traffic on 1D is huge, our business is only to wait for a signal to buy and ride on the wave
The indicator of open interest v2 is already available!
LTC POSSIBLE GOOD NEWS ( FIRST READ MY INSTRUCTIONS)-LTC USD IS FORMING INVERSE H&S and ABOUT TO BREAK A STRONG RESSITANCE AT THE SAME POINT
-IF LTC completes right shoulder well, price could be higher.
-At the same point we have a ressistance (purple line) , I expect it to break that ressistance.
-Purple line is important because it is coming from ATH of LTC. It has tried to break it many times.
-If both happens , LTC will go up to 190$
-Candles are trying to push the clouds of ichi to down. Thats good signal.
-Here I m looking for volume movements of market makers.
-I bought some here and will buy more if LTC breaks right shoulder line.
LTC - Consolidation almost over!LTC looks to be almost complete with it's consolidation phase and If you know LTC, you know it likes pop after a FIB Wedge. I set the spike at 374 at a 2:1 from previous spike and it just so happened to be a point of high convergences with previous large structure. Also I'll note, LTC is queued up in it's LTCBTC pairing for a larger rally as it's reaching heavy support at .01836 BTC is also further off from completing its structure, so this seems like a perfect storm and in suit for LTC to rally before BTC again.
Good buy in is anytime in this wedge, it's a small range so there's really no bad price at this point. Personally I'm going heavy on this chart at 90% portfolio. Happy Trading and Good Luck!!
LTC moving against ETHLTC/ETH on the daily. THought I'd do this for fun, but ETH had a nice run up a while back, and everything has pulled back since then. LTC is taking this chance to break out closer to ETH prices. Currently is sitting around the .618 retrace, but definitely in a bull market after reaching its recent low.
This is mostly a for-fun analysis, and can be useful in determining which coins to hodl more of if you're long. clearly right now, I'd be holding LTC more. I was thinking last night of spreading myself out more into ETH, but now I decided I'll wait until it's cheaper to exchange a little LTC for ETH. I do the same with LTCBTC now, and some other alts.
LTC Breaking up! LTC has broken it's down channel and has moved up like a champ. IMO, LTC is what's driving the other 2 up for a short term move with the forking news and the prospect of litepay. It appears that if LTC can break through this short term resistance in this $215 area that we will be moving to the $250 area next. (Could be higher, not much resistance up here besides round numbers at $250 and 300)
This should come really damn close to corresponding with time and price on BTC and ETH. The litecoin fork is suppose to happen around the 18th. 4 days for a push up, people collect the Litecoin Cash and then it reverts back down. ETH and BTC should be hitting major resistance points at the same time LTC SHOULD (key word should, but we don't know) be topping at the point, but we gotta see what it does!
The big if in all of this, is what it does over the next 4 days. I would look for more upward mobility on news and the trend break outs. Once that fork happens look for a strong pull back to the $200 area if not deeper. Be cautious, don't go in heavy with these plays by any means!
My 2 cents, happy trading.
-Sherem
LTC correction intervallLTC's correction might just started: I think LTC's major correction zone is around 185-235. LTC is a technically superstrong, fast and cheap, so i think it will go back to ATH.
Please note: this is NOT a trading advice, I am typically wrong about LTC, always calculate risk, avoid FOMO.
LTC - Looking VERY bullish todayLTC usually copies BTC 1:1 especially at this point in the market where we're looking for a recovery support level. Most likely due to news of LitePay, LTC is already rebounding with bullish tones.
Drawing a FIB wedge on LTC using major support and resistance trend lines would have LTC Consolidating to $145 on FEB 12th. Expecting a bull run that may out pace BTC.
LTC ready to RUNLTC ready to run Los Angeles 11:57 PM.
LTC looks ready to run with the right setup:
Litecoin needs to break downtrend RSI.
Price action needs to break triangle to the upside.
BTC needs to remain stable for LTC to breakout.
Reaching target is easily doable.
Macd ready to cross
Not sure how LTC is going to move compared to BTC. I usually see BTC as the first mover before LTC.
LTC Consolidating TriangleLTC has hit resistance at both the 0.5 and 0.382 Fib levels nicely, leading to a consolidating triangle formation. Key resistance level at $320. Look for LTC to consolidate in this pattern if increased volume moves LTC past $320 mark.
If LTC breaks 0.382 Fib Level resistance it could fall back down to the 0.5 Fib level ($250).
LTC Forming a Flag PatternLTC has had an incredible run the last two days and I am really tempted to buy more but I have decided to be patient. It is possible LTC could breakout above the upper trendline and continue higher, but I am going to wait to see if LTC will pullback and possibly re-test support in the $135 area. If it does I will be ready to buy, I believe it is worth the risk that LTC will breakout higher for the chance to buy more well below where it is now.
LTC medium term predictionBased on recent trends within the litecoin charts and more LTC news likely to be made public I can predict LTC will stuggle in the coming days, however, will see a lot of monies being exchanged for LTC to be used as a "safe haven" coming up to August 1st. Depending on what the "secret" MIT project is about LTC will either rise or people will take advantage of the potentially cheap / certainly cheaper BTC. Note: I usually base my trades and investments on current events so please excuse my lack of traditional charting analysis.
LTC will hit sub $4 within 5 months. Here's why.It's actually very simple: with the promising news about bitcoin getting segwit earlier then previously thought, litecoin will lose its existential purpose. There would literally be no reason to hold or buy litecoin as it would be what it has always been; a clone of bitcoin. Remember when we stayed between 3.5-4.5 for almost 2 years? That's what the future holds for litecoin.
All other cryptocurrencies are rising, but you can't compare those to LTC. Those are original cryptocurrencies with something to offer; litecoin is not. The second consensus is reached, expect LTC to be dumped into oblivion; very likely to $1-$2 levels.
Even from a TA point of view, LTC rally is pretty much done. Anyone expecting this coin to hit $35+ again should stop dreaming and cut losses before it's too late. A few days ago, Charlie tweeted that LTC holders/buyers "shouldn't expect a bailout."
Interpret that however you like ;).
Sub 0.01 ratio is coming. After that? Goblin Town.
Thanks for this epic exit pump. Bought in during the 2 year sideways and made 700% profit. Switched to BTC and will now watch LTC die.
RIP LTC.