LTC needs to breath a bitLTC, one of my favourite coins, is clearly touching resistance currently.
6 previous times this price region has acted as a resistance and at least 2 times it acted as support.
But these days you can just never know with LTC. Thats why I suggest a tight SL at $58.01
Target is $47 region where it can also meet the 200MA, but as I said, LTC is acting up lately so make sure to use a tight SL.
Also: RSI clearly oversold on D1 and extremely oversold on 4H.
MACD also showing LTC has seen it... for now..
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LTC Reaching. top of the cycleLTC is completing its 5th wave of this cycle. For this that Tok the advice to enter LTC around the $30 mark, I. would be looking to be gradually taking out my profits between $52 and $59 as we approach the $60 test. This could be a great place to place a trailing stop if y our exchange allows, otherwise I would be raising my stop loss just below the $50 mark.
My strategy is to take 80% profits off of the table in cash and store 20% into your LTC stack. For those who took that trade, well played. For those who didn't I would wait now for this cycle to play out and renter the ABC.
LTC Sitting on Support!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.
At exactly 9:00am LTC, along with everything else, plummeted forming a massive bear flag. Getting rejected from overhead resistance, LTC has been forming 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 bottom of the channel (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 beyond that we would retest the lows of 2018, which is still a definite possibility.
LTC primed for a rallyLTC has been at a great spot in this market. Forming a Cup and Handle, followed by breakout from the ichimoku cloud. The only next step is to break the 200EMA on the daily. Looking at the current price action, it appears that LTC is leading the market and hopefully the market will follow this price action
LTC still needs to break the dreaded 200EMA before it can start a rally, which looks highly plausible.
LTC/BTC: Charlie was rightLTC/BTC does not look great here, 3day appears to be closing under a pretty key support block. Unless there is a move back into this support area, I would expect LTC to continue to fall, and the USD value to continue to take a hit
I would not be surprised to see Charlie buy back his litecoin at some point in these low levels to act as a catalyst to potentially start running again.
Pretty bearish on LTC until a convincing reversal sign
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
LTC to $130 or $60?#LTC is trading inside a wedge , Yesterday, Bulls broke out of the wedge which is a buying signal as long as #LTC can close on a daily candle above 82$. The bullish trend will face $90 as a heavy resistance where the red line lies. I would suggest to sell a bit sooner and wait for a daily candle closes above the red line. This will target $109-$115 and then $129 levels. The pivot point protects $130 levels. The bulls have defended $75 levels aggressively so far. A daily candle closes below the wedge means the bears have broken below $75. TA wise, this pattern targets $60. We have to wait for a clear confirmation of which direction #LTC will decide to move. Therefore, I suggest traders wait for a daily candle close above $82, or a bit higher at $85 before buying the crypto currency.
LTC Daily Bulls Held SupportLTC had more space before breaking support than BTC due to a stronger bounce as highlighted in the video yesterday.
We are now watching if BTC can change the trend on the 4 hour chart to put the bulls back in control, which would have the daily charts for ETH and LTC looking much better than BTC.
Still patient at this point, but establishing a game plan for two scenarios, BTC breaking $8k or BTC bulls forming a higher low and higher high on the 4 hour chart.
I have been placing orders for both ETH and LTC recently to spread out the bounce a bit.
Bulls want to close here or better to have a long lower wick on the daily, but lots of time still to go.
Last day of consensus and all about BTC and the clear 4 hour downtrend currently in play.
LTC 4 hour RSI Oversold. Bounce WatchLTC 4 hour RSI similar to BTC as we approach historic bounce levels in the low 20s.
Watching for the potential of another flush down and climax to signal the bottom being in for the morning.
When the bounce does begin playing out, we will need to be cautious of a potential 4 hour bear flag if RSI cools off.
This has been a tricky trade that requires a lot of patience and maneuvering.
I am personally playing ETH on this bounce, though LTC gains will likely be greater than BTC so others choosing LTC is a bad idea.
I will explain my trade maneuvering and positions in depth in a mid day video today.
LTC Consolidation Mode with BTC LTC continues to set hourly lower highs and lower lows as we approach oversold conditions.
The daily chart is still likely to easily form a higher low, and see a bounce attempt back towards the recent highs, which I feel will fail and set a lower high.
Watching for the potential of 1 more leg down on BTC which would drop LTC into the upper $150s.
Keep an eye out in the next 24 hours for a higher low on the daily to form, and the hourly trend to shift back to bullish for a temporary bounce.
LTC has had nice volatility for gains the last few days, so it and ETH have been my plays on oversold bounce flips.
Bulls need to scale back trading in consolidation mode.
LTC/BTCLTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is gonna break also the 0.382 resistance to head to the major resistance at the fib 0.618 retracement which is the final profit zone for me. LTC should be quiet profitable. i am keeping my eyes on the support level at 0.015 BTC 5.20% because if LTC is breaking that support level we likely see a bad move down, but it's really unlikely unless we see a bad shift of the general market. #nofinancialadvice please do your own research.
LTC 4 Hour Equilibrium WatchLTC currently forming a clear 4 hour equilibrium, in line with current BTC trading action.
The difference is this pattern is forming from a lower spot compared to the high of this bull move on the daily.
A bull break for BTC would have it closer to resistance than LTC would.
We will look for a break of this pattern today to dictate whether daily equilibriums are forming, or the bulls are just pausing before continuation.
I will likely stop covering LTC daily until we see some kind of change in correlation or strength to BTC.
No point charting the name that is doing everything BTC is... but weaker.
LTC/BTCLTC looks like is going to throw a new ace on the table! Consolidating above the 0.236 fib retracement has formed a new line support on the RSI which has been holding nicely! looks like is gonna go one leg up breaking the triangle. next major resistance is at the 0.382 fib retracement, but the RSI is playing on the new support really well which makes me think is gonna break also the 0.382 resistance to head to the major resistance at the fib 0.618 retracement which is the final profit zone for me. LTC should be quiet profitable. i am keeping my eyes on the support level at 0.015 BTC because if LTC is breaking that support level we likely see a bad move down, but it's really unlikely unless we see a bad shift of the general market. #nofinancialadvice please do your own research.
LTC/BTC bittrexLTC looks like is gonna throw another ace on the table. i am positive about the next move of LTC, looks like is going to break out soon throwing another leg up. i m looking closely the support at 0.0156 BTC, if we break that we are moving down instead. looks like RSI has formed a new strong support so not really worry about a leg down, unless a big shift in the whole market. next major resistance at 0.020 BTC. it should play well! there is an important resistance at 0.018 BTC on the 0.382 fib retracement, but if RSI still playing on the new support line we should see a break out of it as well! LTC should be a good opportunity! #nofinancialadvice
LTC could Moon Very SoonLTC has been lagging many of the other coins and looks to be gearing up for a run as long as BTC continues to hold up for the time being.
Currently it has been consolidating on a big 786 fib support, slowly prepping its engines. If a breakout with enough volume occurs, LTC could be looking at a pump as high as $160 (35-40%) before bouncing down off the next major fib and psych levels up in that region. Knowing LTC's history, when it goes, it goes.
LTC to $139LTC has broken the uptrend line. But it follows BTC I believe this is not a major issue.
As BTC should drop to around 7k, LTC will see a drop to 139.
There is a lot of hype going on about LTC. Some predictions as far as 1.4k by as soon as April. We will have to see if that happens but I believe this is possible by end of the year based on the growth that LTC seen and due to launch of litepay and litepal. Litepay did not shoot up the price due to credit card companies not supporting it. But if more and more merchants start using it, will end up being a success. What I am trying to say is, great time to get some LTC.
Just my opinion/idea. Don't act on it.
ltc breakoutLTC seems to be trying a second breakout, making around 250 dollar the target.
LTC has gotten out of its correction trend while btc and eth are stil in them.
This is a bullish sign, though we have to keep an eye on btc, as a strong drop will affect ltc and possibly hold it back from breaking out.
The tp for this trade should be around 250 dollar
LTC Bull FLag on DailyLTC Bull flag set up on really nice consolidation.
4 hour Rsi confirmation
Fundamentals are looking great for this coin in the long run.
50day MA back acting as support
These coins really need to start separating themselves from BTC. There is still a correlation between the big three BTC ETH and LTC and when the daddy falls the rest still seem to be affected which is worth noting when think about a trade.
LTC to 800 by year end .. ?? whats your opinions ?
LTC Laggard to BTCLTC needs to break the 4 hour resistance from yesterday, but is further away from doing so comparative to BTC and ETH.
Loss of hourly higher lows without breaking resistance is a red flag for the bulls.
Looking for a move into the middle of the daily equilibrium range before a clear break of the daily pattern this weekend.
All BTC analysis is very relative to LTC, and noticing many people are losing interest in LTC while this correlation is so strong.
Bulls will need news and a volume spike to break any correlations.
4 hour Bull MACD cross last night needs to break resistance for the follow through.
LTC Returning to All Time High LTC bottomed out around 0.382 level, then shot up three retracement level up.
Afterwards LTC dropped to 0.5 level and sustained above previous retracement, next wave likely to follow three retracement levels upwards to 1.0 level around $360-370.
This move would also follow the long term LTC triangle breakout, thus, .272 level at $450 is on the table.
LTC Daily Inside Bar Bull Break LTC switched correlation last night from BTC to ETH.
We saw ETH breakout, BTC sell off and LTC break bullish as well.
Bull breaks of daily inside bars and 4 hour bars were the signals.
We will now need to see continued 4 hour higher lows and higher highs for the daily chart to continue to shift for the bulls.
We are likely to set a lower high on the daily somewhere around the $280s though we will have to continue to watch the correlations as they are ever changing.
LTC has the most ground to make up to recover, due to being the weakest link over the last 4 days.