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Litecoinforecast

LTC Bullish Ascending Triangle (Educational) Signals for an 'Ascending Triangle' -On an uptrend, pausing for period of consolidation (Yes) -Minimum of two reaction highs and two reaction lows (Yes) -RSI no bearish divergence (Yes) How to trade: The price target is most likely the entry price + height of the triangle. Buy in: -Upon confirmation (2nd reaction low) buy in Sell points: -0.017779 (Entry price + height of triangle) It is important to note that this is a bullish ascending triangle due to the short term bullish momentum for LTC. If we were in a downtrend, it most likely will do the opposite. Please criticize my TA's so I can improve. See you in the next chart :).
by HD1184K
2
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EShort
by MegalodonTrading
6
LTC long term investment. How to trade x/BTC pairs now.Alright. BTC is plunging so average holder of this coin would like to accumulate as much BTC as he could in case of BTC's future rallies. I strongly believe that crypto space is the future of world's tech pool, but now blind longs don't make sense. Hopefully, We will get all of these coins at cheap prices once again. It sounds unbelievable, how it even works. I do not advice to hold any coin right now, but If You play long term there You should look for good short and collect BTC. LTC/BTC short will bring profits, but it will be slow and draining process. I expect meeting with 0.008 once again. Fiboncacci floors as profit taking areas. Entry: 0.0171 Stop loss: 0.0185 ( every SMA 20 crossing should activate 'red button' alert, where stronger tick would trigger it ) I do not trade alts versus BTC right now, this post has been created for traders that are in doubt sitting on bunch of BTC without a purpose.
Short
by pinfkloyd
3
LITECOIN Breakout Downside 66 Area Upside Capped at RedlineLTCUSD is holding 110 Area as an interim bottom for now. Will this be final Bottom ? or it will continue on the down side ? Here are the Levels where it can potentially go on Downside Break. On the Upside the Redline will stop it in the interim if it breaks out of the GREY Zone. Whats the Trade here ? Unless we breakout from the GREY Zone the OUTLOOK is Neutral with bearish bias. SELL Can be considered around 156-159 Area BUY can be considered if we break on the upside. Will post updated Entry levels when we see some clarity. Potential for downside to 66 Area is real if BTC breaks its range on downside.
BITFINEX:LTCUSD
by TradingRoomApp
Litecoin Daily Chart... Weakness for sureBeing completely objective with the chart here but LTCUSD looks horrible in comparison to the other crypto charts. BTC, ETH and a ton of shitcoins have all broken out of the multi month downtrend channel that started back at the all time highs. Most have had bullish MACD crosses and are above or at least challenging their 50/200 DMA. Can't say anything like that is present in the current LTC charts. Still below both the 50 and 200 DMA, which is also weaker than most of the other crypto charts. This descending triangle looks and feels like it might break to the downside here and we'll see $100 LTC again. You can make a bullish case that this is the 4th time LTC has touched the breakout point in the triangle, it's due to bust out..... maybe... but where is it? It should have happened already. If LTC doesn't pop out of this triangle soon, It's most likely going lower. I guess if you had to make a bullish case for LTC and say that in the recent downtrend, it never had a death cross (200 DMA crossing below the 50 DMA). You could possibly show that LTC did hold up better during bearish phases in the past. I agree that many times LTC does display relative strength when the overall crypto markets get in trouble. Bottom line, needs to bust out of this downtrend channel... like BTC and many other cryptos have done. LTC is late to the crypto rally and has the weakest chart out of the top tier cryptos. What do you think? Please let me know below?
BITFINEX:LTCUSD
by themuzzman
4
Will LITECOIN go down to under $100? - Bearish w/ Bullish WavesHow are you Crypto Maniacs! Litecoin indicators are surprisingly neutral at this point. That is of course not something an investor who is in Litecoin wants to hear right now, but on the other side, it is better than being bearish. MACD is leaning more towards bearish side in short term, however in medium term, which entails few month, it is bullish as it is in accumulation stage. RSI is neutral with bullish signals in terms of being at 40% most of the time which indicates a good buy for those of you thinking of getting in for 2-5 Month. Volumes are negative which is what we should expect in market like this one guys. I see Litecoin dropping to around $100 levels before making a recovery. Until we break that downward wedge, we will not be going anywhere. You can buy in at time of a break, however please have safe sell orders in place until market moves to stabilize with Bitcoin. Overall we like Litecoin. Technology is very nice and as for investors it is a very liked coin due to it's long term reputation. Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
COINBASE:LTCUSDShort
by CryptoManiac101
Litecoin Outperforms Bitcoin.Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy. Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained. At the time of writing, the correction continues and the sellers are clearly going for $125. We described the further goals for the bears yesterday- they are $110 and $100 in case Bitcoin moves toward $6,000. A temporary stop will be made at $120. No matter how hard the Litecoin community is trying, the asset does not look like an attractive investment yet. Check my detailed analysis HERE .
BITFINEX:LTCUSD
by UToday
Bounce Hunting these lows- LTCWe hit our bottom $115 line for a bounce and it's testing this area again. When litepay was suddenly canceled, the sentiment for litecoin went from bad to worse. I won't go into to much of the fundamentals of it, but if you are trading litecoin, it pays to be even more cautious while trading it. BTC is really the driver and if we get a retest of these lows in BTC, we could see litecoin dip to the $100 area. Why we should (this is the key word, nothing is guaranteed) have a bounce. 1. Look at RSI historically and match it up with these previous low points. It's been a good indicator of getting a solid bounce. 2. MACD is waiting to cross over for a move to the upside. This would be a confirming upside indicator 3. This area above $100 is a MAJOR pshycological support level. I would look to this area for support. It is possible we will go sub $100 before we get a bounce. Look to BTC and how it fares with this 6k low to determine where LTC will bounce. It looks like they are going to coincide very well, with LTC hitting just above this $100 area right around when BTC hits this 6k low. It could bounce sooner. You can either wait for confirmation or start laddering some buys in! Happy Trading. Don't stree, pick your points, and don't use leverage! -Sherem
BITSTAMP:LTCUSDLong
by Sherem
1
LTC back to $40 - $60?The image explains itself. Although it’s in euros, the behaviour is the same. I have to say I haven’t got any LTC and not planning to buy anything, so I’m not biased at all. It’s just an idea of what it could happen to LTC. Take your own risk when investing. I’m not responsible of your actions. As you can see in the previous pump that I have circled in red, everything that goes up, has to go down, and I’ve seen a lot of posts saying it will going up. To be honest, it’s a possibility, but use your common sense and don’t think it’s always going up, since it has to go down one day and “land” again. Once it “lands”, it has to run through the “runway” to go up again. That said, I think it will go down, touch the bottom after some small or acceptable pumps, and wait for people’s fear to stabilise. It’s a correction, but not the end. Again, trade at your own risk. I will not be responsible of your actions.
by Andbcoin
12
Taking us higher, highhhherr! LTCMy last post laid out a pretty clear strategy to pick up some LTC as it dipped down. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. While my positions aren't as good as ETH, I still have a solid position in LTC that is profitable right now. The first thing we need to realize is that we are in an overall bear market. Besides the spike down, maybe more evidenced by the cross in the weekly MACD. Could this be the bottom? Quite possible. We broke the major down trendline last time and we made a higher low and are starting to get a solid push to the upside. We are also kind of breaking this trendline at the moment of writing this, but nothing is confirmed quite yet If it doesn't turn or stall right now, I think we are going to the 190-200 area at least before we get any sort of retrace or sign it's going to continue downward. it also happens that the 50 fib retracement coincides with the 190-200 area for a resistance point. We should get a retrace once we get up there. Keep an eye on this level and this 190-200 area. Happy Trading everyone. Don't stress, pick your points and don't use leverage. -Sherem Check out my last call with how I entered into LTC -
BITSTAMP:LTCUSDLong
by Sherem
1
LTC formed symmetrical triangle on daily? $470 to $500 potentialLTC seems to have formed a symmetrical triangle on the daily chart. If there is an outbreak to the upside, prices can potentially reach $470 to $500. The following conditions have been met for the symmetrical triangle. 1. The general trend of LTC is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3 points on each side. 3. We can see the volume reducing 4. The triangle has a duration of 3 months 5. The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. 6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $470 to $500 to be achieved. On the whole market is looking positive and news is positive from G20. The G20 summit is still going on till end of the day. As long as there are no negative news, a breakout to the upside is highly likely. 7. We are still waiting on the breakout confirmation. Let's wait and see where the breakout occurs. I am leaning towards the upside. Any feedback and comments welcome. Still on the path of learning technical analysis. These are just my opinion. DYOR before using anyone's opinion for trading.
BITFINEX:LTCUSDLong
by GBBBKSA
3
LTC/USD - One of 2x Possible ScenariosSloppy H & S formation on the daily, but nonetheless, an H & S. (** Edit - Excuse the Placement of the R shoulder label, a little too far right) From how I'm seeing it, 1 of 2 things can pan out - we face a small bounce again at the 142 mark, or it can break past that level and perhaps have a stronger more significant bounce* at the 101 mark. *Note - None of these forecasts are suggesting a major trend reversal, which continues to remain uncertain, as the general trend has been very bearish since the start of 2018 (as indicated by the red descending distal line). 2017 holders (HODL'ers) have been losing some serious cash in these markets!
BITSTAMP:LTCUSD
by GregoryMichelson