MACD is showing Positive divergence. Higher lows on indicator and lower lows on chart are revealing that there will be trend change soon. At these levels it's great opportunity to open long term trades. Buy In: around 43.5 level Long Term Profit: 60-62 levels and level 74 Captain appreciates constructive feedback & comments :3 Yarr!
Three floors for LTC show when to go long when the floor has been stablished. If floor is broken I will not buy. Each candle is 1h worth of time.
The price stays on SMA100 which is a strong support line. RSI confirms price reversal, but the signal is far from the oversold zone. MACD lines support upward movement. DMI tells us that the bears are not so strong and we can open long trades. Pending orders for buy should be placed at 46.50 level and stop orders below the support zone at 39.00 level. Profit...
Price has moved above the cloud indicating upward movement. DMI and RSI both support upward movement. If Tenkan-sen line crosses the cloud and ADX line of DMI moves above 20 points it will further confirm upward movement and price should continue up to 49 EUR level - last resistance zone. If it breaks 49 and 50 level, next resistance level is at 61 EUR.
LTCEUR has broken top flag line and going up. My expectation is to stop around 50 EUR.
LTC/EUR actually in a range, and in a Three drives pattern at B phase, waiting for 3rd phase to go long, you may actually go short until the bounce. Signals: - Three drives pattern actually in B phase (short until the bounce at 3rd phase) - Moving average 25 and Bollinger Bands 35 are coming closer, should watch - Bearish range - RSI under resistance Have a...
Super star oscillator - RVI oscillator called the top in this case with a Bearish divergence. Confirmation came from 10 EMA crossover on the 2H charts.
LTC have reached the previous target up, now it can retrace to 61.8% fibonacci level (RSI and STOCH are both in overbought condition). If price bounce on fibo level and candlestik, RSI and MACD confirm, we can BUY to rally up.
Eliot Wave 5 to come. One more impulse after the correction is finished.
Hourly chart for LTCEUR showed a continuation of bullish uptrend reaching the price target matching flag pole height. Green dashed line shows buy in entry after confirmed breakout from triangle. Acts as confirmation for breakout from inverse head and shoulders on LTCBTC daily price chart.
I just looked at the situation LTC / EUR. Here three possible trend lines / ways. Just for info: I am long with LTC. Let's see what happens. Happy trading. :-) See also:
long position and target with elliott wave
Litecoin made a good upward movement. I would like to show you how we could trade based on signals of Ichimoku indicator. You can see on the chart 6 levels for opening long trades. There are 4 trades which could be closed in profit. One trade could be closed by stop or left for long run. And one trade is still active. If you follow proper money management, these...
First indication that litecoin continue the uptrend for a new all time high!
The price moves upward in the borders of an ascending price channel. When the price bounced from the trend line of the channel, we got a buy signal. RSI confirmed price reversal. Now we have to place pending orders for buy above the local swing high. If the market moves higher than 41.00, it will be a good confirmation of further upward movement. Stop orders must...