Besides this indicator, other indicators, such as RSI, StochRSI, and volume, show that litecoin has been oversold on both pairs, on multiple time-frames (short and mid-term). Volume is also increasing rapidly, and LTC development and community activity has never been this high. With bitcoin possibly hard-forking in August, smart money is on/should be on litecoin....
Yes another little bitcoin short here. Man I love Eliott waves can be pretty useful in these situations. Stay profitable!
Bitcoin likes to bounce back up to its 23% fib retrace quite often during large dumps, so we could see something like this happen before heading back down Or we could see a correction from this level further down toward the 76%, then climb back up and build support
I hope everyone took my last advice and shorted/sold all his litecoins. The bubble has popped; the token is back to its useless-status. It's currently trading below $20. The fact that it didn't pump during this year's LAST mega-rally was an obvious sign that it would not shine anymore. LTC is almost trading below 0.01 BTC again, from a previous high of 0.024...
Check the fibs just in case that was the top! Watch the daily rsi we are well above the 100 dma and many alts are dipping below theirs. Alt wealth could still flow into btc
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...
Good Morning, Technical: looking for a double min at 0.01160583 Fundamental: Litecoin is one of the main ledger, currently the only scalable. With SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock. (Charlie Lee) In any case if we look at market depth of the main exchange for ltc...
Hope ya'll bought the dip! WEAK HANDS have been shaken out. LOL. Lets segwit and chill, eheh.
We can expect a sideways consolidation, or, some kind of correction and retest of support, during the next month, as described here. Today, a support level held, and weekly is still in an uptrend for the next 3 weeks, technically, but sentiment was too positive before this drop, and we had already exceeded all weekly upside targets ahead of time, which usually...
See chart for comments.
Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation. Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2. If we breakdown through support we could see a drop to ~1600 USD Watch for RSI to climb back into the upward channel to confirm a spike
Litecoin rally has ended. Expecting a slow decline to lower $10's over the next several months. $37 was top. Recent buyers; good luck, you will be bagholding for a while - or you could sell now and accept your losses, because they will get a lot worse. I would also like to thank Charlie and his friends for this epic pump and dump! Goodbye.
BTC has consolidated nicely the past couple days and is now filling a triangle formation and on the cusp of breaking out. Lets keep an eye on volume. If we can build support on the middle black trendline there's a good chance the bull resumes. Otherwise watch for a correction down to 1730 USD
Watch for support around 76% retracement and the black horizontal lines underneath.
LTCUSD fell through 100 day MA, 50%, 62% and long term green support lines Looking to buy back starting from here potentially down to around 25 USD, all things considered.
LTCBTC could see hard resistance at 0.023 BTC. Could see some price action in the red triangle until an event can take us over lines Z and A Strong support at 0.018 for most of the trading session today. If this region can be breached we could see a run up to 0.028 BTC (price action in the green triangle) Watch RSI closely and lets see how the market digests SEGWIT day
LTC BTC ratio busts through long term support line z. Next strong resistance at line a ( approx 0.01675 BTC)