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Litecoinforecast

Massive descending pattern on this LTCLTC is probably forming the most concerning pattern of them all IMO. If you notice it is similar to BTC in the sense that we have been forming these massive Lower highs. The major difference between LTC and BTC at this point is LTC is already at the bottom while BTC still has some more room to go before hitting the 6.5k low. You would think that LTC would generate a significant bounce off this $112 area. But it's not! Is it just the holiday weekend that is causing the lack of bouncing or is it just a lack of interest in LTC? Right now we have MACD in negative territory and while the bars are moving to the upside, the lines are sloped and moving down still and RSI is just barely starting to confirm divergence... what would be a more powerful pattern reversal confirmation would be it breaking this lows and double bottoming on this RSI. Or maybe just spiking through the support where hopefully it would get scooped up and rebound quickly. I am neutral on this one right now as i think it could break the lows. I want to see where LTC bases out as BTC finds this bottom. If BTC breaks this 7k mark, it will go to 6.5k which will drive LTC down to this 100 mark and maybe even 90. Happy Trading, -Sherem
BITSTAMP:LTCUSD
by Sherem
Litecoin (LTCUSD) Elliott wave analysis update: 4hr tfMy previous post for Litecoin (LTCUSD) can be found here: It was mentioned in the post that a move back upwards for Litecoin (LTCUSD) would terminate between $152.13 and $158.19 before another sell off in Litecoin (LTCUSD). Lack of recovery to the region of the horizontal green lines as mentioned in the previous post is interpreted to be a minute wave ((x)) for Litecoin (LTCUSD). The implication of the above is that a minute wave ((y)) is currently on for Litecoin (LTCUSD) so selling should continue. Litecoin (LTCUSD) at the time of this post has broken just below Support 2 as given in the previous post (and also shown here). Any recovery from this support is expected to be weak as shown by the blue arrow on the chart and the next trajectory indicated by the red arrow. The point of invalidation (POI) for this analysis is placed just above the high made on May 21, 2018 of ~$140.32.
BITFINEX:LTCUSDShort
by Coin_Analyst
2
LTC - Gut tells me bearish, though bulls have a chanceHead and shoulders forming on the daily chart. RSI is levelling off to around 50, no real pressure up or down, prices are simply frozen where they are. If the bulls hold the neck line of around 162k, I can definitely see us going to ATH at around 262k However if the bulls don't hold the neck line, may god be with all the LTC holders out there, I'll see you at 61.5k sats. Weekly charts are not promising in the slightest with some major bearish divergences appearing on both RSI and MACD. Will sit this one out on the side lines to see what happens in the coming weeks/days.
by EnZo
Litecoin LTC 1 D Technical Analysis Market UpdateLitecoin is doing the worst of the 3 between BTC and ETH I still have great confidence in LTC, so keep your faith strong You wanted LTC to be below $150, well... your answers have been met Watch for a couple things: - Not looking too good for LTC - Dropped below the cloud - Testing major support @ .786 Fib - Volume is declining - Watch for the test of the trend line @ around $127 -- If we break this trend then $113 will be the next LTC target $DYOR and Happy Trading
COINBASE:LTCUSDLong
by elitealpha
LTCUSD - More Upside In Short-Term To Follow?!Good evening Traders, After I got stopped out at my previous trade in LTCUSD. Here is an update on the chart. Obviously, losing is a part of trading. However, my view still remains the same. I am expecting more upside as long as it stays above 130.761. The arrows drawn in the chart represents my view. It can go to the 50% Fibonacci retracement from the peak. Let's see. Disclaimer : Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:LTCUSDLong
by TradeFxTrends
Litecoin (LTCUSD) bears are lurking: 4hr tf wave analysisMy previous post for Litecoin (LTCUSD) can be found here: Price of Litecoin (LTCUSD) is currently holding just above support 1 (between ~$133.49 and ~$131.31) indicated in the previous post and also shown here. Price swing from ~ $180.18 on May 6, 2018 to ~$134.40 on May 12, 2018 is identified in this analysis as a W-X-Y (double zigzag) Elliott wave structure. The implication of the above is that Litecoin (LTCUSD) should continue to sell off once the current correction is complete as indicated by the by the blue arrow. The current corrective move in Litecoin (LTCUSD) is assumed at the time of this post to be shaping up as a regular flat Elliott wave structure. The target area for Litecoin before a sell off is anticipated is shown by the horizontal green lines. Price labels have been put beside each line to indicate its value. Sell off would be expected to at least break below support 2. The point of invalidation (POI) of this analysis is ~$168.00 at which point wave C of the regular flat would have moved ~200% of wave A which is unacceptable.
BITFINEX:LTCUSDShort
by Coin_Analyst
LTC get your S**t together !HADOUKEN Traders...and entusiast, I am The Real Johny Button !... hated by press and loved by the haters! Lets look at my opinion on LTC today: The market cap has made a pull back bellow 400b after reaching a recent high over 450b. That has reflected across the entire market that i follow. So I like these situations! This means that i can make money CHA CHING LTC has a lower support line shown on the visual above in Pink. I am thinking it may tag this for a 3rd time, but as we have it now, the price has reach the strong fib level of 38% and could hang there for all I know... Now the MACD has made 1 and a half down moves...I am waiting for a 3rd down move before i ever consider it bouncing up. I would be trading in at the end of the 3rd MACD wave alongside with other indicators at that point in time...but thats a while away. So my scenarios at the moment are this: its still coming down...i want it to clearly break the current fib level, and tag the lower support. note: Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me. I also have bad grammar, and i have offended goldman sachs mail room workers in the past...to this i am sorry Regards, Johny Button
BITFINEX:LTCUSD
by johny_button
Litecoin - Head And Shoulders In Progress!?Hello Traders, LTCUSD is currently in a consolidation between 166.60 and 142. At this moment in time, I am expecting a move lower to the areas of around 131.70. You can see the chart LTCUSD is forming a possible head and shoulders pattern. As you know, a head and shoulders pattern is trend reversal pattern. In this case, it can reverse the uptrend from 2018-04-01, lower. The head and shoulders target is measured by taking the length of the head projected to the downside. This would bring LTCUSD to around 131.70 IF the pattern gets confirmed. As long as the pattern does not break the neckline, it still can deny the pattern and move higher. As long as the market stays below 157.345 which is the invalidation zone of the right shoulder, I am expecting the pattern to get denied. However, at this stage I am expecting the pattern to get confirmed by breaking lower may during this week or so. 2 possibilities: - First one is the black one, this is my main view (drawn in the chart) we could see a short-term pullback to confirm the pattern and move lower before a bounce can be taken place - Or the second one (orange line) it denies the trend reversion pattern and moves higher without going to the target of the head and shoulders pattern. Conclusion: Short-term I am expecting a move lower but in the midterm, I am expecting LTCUSD to rally. Let's see. This view will be invalid once it breaks 157.95 support Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
BITFINEX:LTCUSDShort
by TradeFxTrends
4
Litecoin volatile betwn 140 and 220 Long or short above or underThis looks like an interesting moment to buy Litecoin ! I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin, Bitcoin Cash, Ethereum, XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and looking for others every day! Bunny Token gave me good profit so far! I bought these in Pre-sale. I expect this is going to become huge! Interesting coins, which I am looking to buy: - Litecoin - EOS - QASH - Bitcoin-Gold Do you have some good tips for crypto coins? let me know! ------------------------------------------------------------------------------------------------------------------------------------------- My strategy My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. How do I decide to open a position or not? First I analyse: - Sentiment on the market - Own created indicators - Moving-averages and Bollinger-Bands Trading means investing. Sometimes you lose more than you win in the beginning of a period! Don't forget to follow me, so you get updated when I post new analysis. Also read my account to be informed about what I do. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:LTCUSD
by Rich_Exclusive_Trading
1
LTC USD - Same situation as BTC Morning traders! Let's see the litecoin today! Looks like in daily timeframe that has been able to break EMA 200 but now EMA 100 acting as resistance. The same thing is happening in BTC USD , might happen a retracement of the price and then a breakout of the EMA 100 in daily with a strong candle that close above of it or another scenario might be that the price start to move into a sideways range between 110 usd and 160 usd zone and then waiting for a breakout of this rectangle. Let's wait and see . Have a nice day traders!
KRAKEN:LTCUSD
by maro9392
Litecoin Elliott wave analysis: 4 hr tfPrice action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend. Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.
BITFINEX:LTCUSD
by Coin_Analyst
3
LiteCoin Set ups to look for.3 Litecoin Setups to look for. 1. Buy stop above this $155 area for a move to 185 area 2. After it fully moves up to 185 area, buy on the retest on 155 3. Buy on a retest of this $130 area. The one I like the best is buying on a retest of this $130 area for a move back to the upside as I think it's over extended right now. if you are in LTC right now, throw a stop on it to make sure you lock in those profits. But those are the set ups I am looking at. Happy Trading, Sherem
BITSTAMP:LTCUSDLong
by Sherem