Litecoin / U.S. Dollar LTCUSD

LTCUSD is approaching our first support at 54.90 (horizontal swing low support, 61.8%, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 59.20 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on...

I had a personal message asking WHY I do not have a higher FIB target than my current 1.618 Extension at $62.27. I answered WHY in this video publication.

Finding the DATE of a top can be more difficult than finding the DATE of a bottom. WHY? Because the market spends more time going up than it spends going down. Meaning, the indicators can spend more time at or above the 80% level in the higher time frames (such as the 4-Day TF) than they spend at or below the 20% level in the higher time frames. That...

Litecoin has now confirmed the potential reversal zone for the bearish bat on the daily timeframe, I've been monitoring the progress of this setup for several weeks and watched the C to D leg materialise. This opportunity is purely based on technical measurements and the reasoning for a market correction is perfectly logical. Let's quickly review the previous...

I have seen many people looking at the big bearish wedge of Litecoin, I understand why because it almost has the perfect shape. However, there are a few things to look at before simply assuming it's a real one. First of all, the volume picture is not really confirming the wedge, it's dropping but still high. Also the start of the wedge, not easy to say where that...

This chart points to a number of conclusions. First, Litecoin is obviously the best performer over the past few weeks and if we extend this to November 2018 its still the best performer. Second, price action is still moving above the 50 day exponential moving average, so that's good. However, RSI is close to sell and also the stochastic oscillator is flashing...

For the past few months posting on Twitter this exact chart... Need it... LTC will be the first one to the moon... See ya there!!! #LTC

There is falling wedge formation on LTCUSDT. So in short term I expect LTCUSDT to go down to our weekly support around 48-50 usdt (weekly re-test). And than keep going up till 90 usdt. Wish you the best...

Possibility of spike from nowhere...

LTC is holding supports in its current sideways pattern. Once over, look for a resume of the underlying up trend as long as the 53.14 recent ow is not broken. The TTH team is pleased to announce the grand opening of its Slack team. You will be able to share trading ideas with our community,improve your trading skills and benefit from live intraday technical...

The amount of green candles is eerily similar to the previous bottom. Also note the RSI.

Litecoin, arguably a better faster version of Bitcoin, has been among this year’s big winners. The token hit a bottom in mid-December 2018 and has been trending steadily higher ever since. Now trading near $60 it is up more than 170% off the low. The token is now wrestling with a bit of resistance that does not look overly strong at this time, a move above $60 and...

Here we have Litecoin in black against a bevy of other cryptos including Bitcoin, EOS, Monero, and Ethereum. As can be seen, it wasn't doing great compared to its peers before the September and November 2018 setbacks, but since then has outperformed all o its peers. Keep in mind though, these cryptos, nearly all relatively liquid cryptos really, are...

61.50 is crucial level below that point it might fall till 52.50 bottom of the trendline.

Chikun was leading the way for most of Crypto-wide bounce. Lately it seems to be lagging and lethargic over the last week. Such a strong wave up needs to retrace to build 'safe' trend. I see 3 disctinct Impulses and subsequent waves. Elliott would call it a 12345 (1,3,5 being up 2,4 down) Others have called it a "3-drives pattern" for decades. Impulse 1 lost...

We did not have a bounce at $60 so I am still expecting a drop to at least $56. I am still reluctant that we are going to make a new high before dropping to $48 first. If we do make a new high I am shorting at $68 and am very confident in this price action. A long at $48 would be wise for a good scalp position still. Previously I had written that a bounce off of...

I'll be honest. The only reason I am writing about Litecoin is because I find it to be the least unattractive crypto on the market. First the view from 30,000 feet up and then lets get grounded in technical jargon. Equity markets are dying for some incentivization for uptrend and if main US indices go under cryptos will probably not be a nice place to be for...

As long as it remains above the 53 level, it can be expected to target 75.