Litcoin
Litecoin - Where does the pullback ends?Litecoin has been in strong rally the last 2 days gaining almost 300$. We can observe a healthy pullback at the moment (some investors taking profits out of the table) and the question now is where does the pullback ends and at what level we should be buying?
As we can see Litecoin tends to respect psychological round numbers (Resistance at 200$, 400$). Litecoin has tested the 300$ price level and got rejected 2 times showing strong buying pressure at that level. The 300$ support level also falls align with the Fibonacci 38.2% of the move A-B and also the Fibonacci 61.8% of the move C-B which makes the 300$ level even stronger. Although it can pullback at around the 250$ area before it continues its uptrend, i would enter the market at 300$.
ABW on the way?- After USD70 mark reached (mentioned in related idea), it halved a little but a upward breakout is trying to form...
- IF this upward formed, may reach USD80...
- By then, as in the Ascending Broadening Wedges pattern, the price may pullback to USD66.3, which is happened to be the crossing point of 17% average pullback rate in ABW and Speed Line E.
LTC USD, Litecoin gains and moving towards $100Litecoin really taking a hit with the focus on bitcoin alternatives with BCH, BCG, B2X
Market is booming right now, topping over $220bn and LTC still going strong peaking at $66 again soon and onwards towards $100 in January, maybe December, will have to see!
Green line of support looks solid but obviously, the red trend line looks to be breaking soon and onwards towards the top of the fib
its in a kinda of channel so trade wisely, use proper risk management and set a safe stop loss with every trade
mid term hold for this one
plz think about donating to practice and allow proper energy exchange!
LTC Launching Platform Staged and ReadyLitecoin is again in a period of criticality. Plotting the high and lowest price of recent months I have created a channel of litecoins price performance. Notice the projections of recent buys and selloffs. Each are sharp(greater than 45 degrees) projections, telling us there is rising tension in the market. If Litecoin continues this overall upward trend, expect a break upward to around the 70$ mark.
Remember Litecoin is highly supported by the community. Once it receives the attention it deserves the price will moon. Just as Bitcoins did.
LTC Head and Shoulders or something else?From our 1 day (24hr) Litecoin chart we can see we have formed a somewhat Head and Shoulders pattern. I do expect to see a drop but I don't think by a whole lot. My reason behind that is because the Total Market Capitalisation of the entire market hasn't really gone up or down enough, its been rather similar even though the alt coins have taken a bit of a hit. While they've gone down Bitcoin has slowly gone up.
The most logical exploitation I have for that is because for every Bitcoin someone is holding on October 25th they will receive 1 Bitcoin Gold (BCG). Basically it seems people are converting back to BTC in hope that these coins will be worth something when released. Then there is another hard fork in November which again could mean more free coins.
The risk is though unlike with the Bitcoin Cash hard fork is a price hasn't been set yet so they could "open at 0.02 or they could open att 0.0000002." and that was coming from one of the developers. Thgy then go on to say that obviously they believe in their product and think it could be a true contender with Bitcoin (but everyone says that.) You wouldn't watch a T.V show if the commercial said "this season is maybe the 3rd biggest and best season so far, cause we all remember season 2 was sick!" no its always "This is the most epic and adventurous season yet!"
But back to the Litecoin business I reckon while the focus is on withdrawing from alts and putting into bitcoin, if you're like many maybe try get a few sneaky bitcoins saved up but be ready to spend them back on alt as soon as your locked in too get BCG. If you can move some things arounf and don't wanna risk losing on the massive bounce thatll come, maybe sell some portions for some Bitcoin and try either get some fresh money in btc or alts while alts are down. If your an OG sit back relax and look for some cheaps allts you know will bounce after this *cough litecoin cough monero cough IOC 20daays til DION wallet release cough IOTA cough* sorry for my coughing.
So im going short in the short term until this Segwit saga is over. Then I'm long as over the 3-6 month period.
ETH (Ethereum) - 1D - Potential Target?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: ETH
Time frame: 1D
I was looking at the chart and noticed that the MACD indicator is trending upwards. This is good however it has not actually crossed the centre line (0) as of yet, before it does, more often than not we get a strong move up to make sure it does cross it and that is the reason I am looking at a potential long position.
In terms of Bollinger Bands I like to see how they expand and contract, based on the belief Ethereum will increase in price I have expanded the Bollinger Bands to what I believe will happen. Again this is based on previous observations of Bollinger Bands on many different time frames and underlyings.
I welcome thoughts and comments as I do not usually trade Cryptos too much.
Dead-cat bounce pattern of LTCCNYDead cat bounce pattern will lead the price down to 334CNY, and then 308CNY
LTCCNY climbs again1. Price of LTCCNY may bounce around the red bold line and climbing up gradually.
2. Based on the past movements, when price climbing over the red line, its movement becomes much more emotional and dramatic.
3. However, the price will eventually touch the upper green dot line. (Comparing to what happen between middle of May and middle of June.)
LTC/USD Short Term OutlookHey Guys,
Hope everybody is doing fine. Litecoin is not offering us currently a trading opportunity but we are still looking for more upside. If the market gives us a good structure in the orange arrow we will be buying the pullback. But as of for right now, we don’t like trading it. (DON’T TRY SELLING THE MARKET) The market is still long and we favor only the long side.
Hope that helps
Cheers