LTC Long Please guys don't worry the market is not crashing...
Meanwhile, you will be able to make a small profit here :
Bullish divergence on LTC :
Target => around $206
Litecoinforecast
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days)
Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold.
Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction."
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
LTCUSD Breaking down?Position: Leaning Bearish
Alright, so my last call on this one was not dead on, but I still think it holds true that it could break down. I adjusted my lines accordingly.
Lot of different names for this sideways setup. Bull flag, bear flag, head and shoulders, box play. Take your pick. Here's the deal. If we break below this $205ish level, we are most likely going to see the 160-170 area and potentially further down. If we break up, with solid sustained buying, we are going to $300. I lean bearish, but we will see.
To be clear, LTC has been much stronger lately than BTC or ETH. If we get deep pushes down with both of those, I don't think LTC will break it's $100 low. That's pure speculation, but it would fall in line with the patterns its been making.
I have buys set up at both those areas. Should be a great play.
Happy trading!
-Sherem
Here's my last call for what its worth -
BULLISH LITECOIN in IMPULSE PHASE.Hello Traders!
Glad to present Tengri's Traders prediction concerning Litecoin.
Suppose, that first bulish impulse is over.
Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27)
Then it will be a greate opportunity to participate in bullish rally!
Powerful Traders decisively take a long position for 400$;
"Short term target": 240 - 260$;
"Middle term targets": 300 -320$;
"Long term targets": 370 - 400$.
(Teh main invalidation for all targets is 103.90)
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LITECOIN LONG, SHORT, MEDIUM AND LONG TERM OBJECTIVESWe are currently witnessing a stage of recovery, an idea supported in the volumes at the time of recovery, and the breaking of the wedge by a large bullish candle. The trading at this moment is configured in the following way, Stop losses located at $ 188 and $ 163, with price targets located as follows:
Short term: $ 275
If the price exceeds $ 275 with a 90% confidence:
Medium term: $ 450
Long Term $ 532
LTC/USD After a fork, looking bearishPosition: Leaning Bearish.
Not as many Bearish indicators on LTC as there are on ETH. But enough to make me think this is going down. Perhaps one of the biggest reasons LTC will go down is it will be dragged down by ETH and BTC. ETH has a solid reversal set up to drive it down further. If LTC dips, I REALLY like the set up we have here. I will go into that at the end.
Bear indicators:
1. MACD averages crossing down, but... still in positive territory.
2. RSI is in oversold territory and broken it's trendline to the downside.
3. It's consolidating - You could argue it's consolidating to move up, or down. I would lean more towards the bulls are temporarily out of steam after a fast high volume run up.
For all of this to be confirmed, we need a break of that $205-210 support level . It might channel a bit before it does, but we'll have to see.
I will be a strong buyer at the 160 area and an even stronger buyer just above $110 if it gets there. If it keeps going up, no big deal. Made some money with this run up and the fork and will wait for another opportunity to present itself.
Buy level 1 at the 160 area: Has nice support and a FIB point.
Buy level 2 at the 110 area is a major bottom.
Happy Trading
-Sherem
LTC LONG !!!LTC is right now looking so strong...
Basically :
1 - Just broke out of a falling wedge that tells us that it should now take more than $190 from the breaking point
2 - Big Hidden Bullish Divergence that tells us that LTC is going to the $270 (from 158 to 214 = $56 to add to $214) => $270
3 - $270 is a big higher high in our new bullish trend that corresponds to a older high that wasn't tested since January 12 when we were bear.
If we do pass the $270 wall, we can expect to make a big jump up.
I would be careful though and expect that we won't pass it. So what I advice is to place a sell in that zone so if it bumps against it and not pass it, then big profits will be done.
We should expect it not to pass it the first time it tests it.
Long on LTCHidden Bullish Divergence on LTC :
210 to 226 so +$16 per LTC
That should bring the price to $242
Litecoin - Wave 5 possible highIf the price can pierce yesterday's Wave 3 high, then we are in with a shot of a substantially higher high.
Litecoin 50% Fib sell off as expected. Next 61.8?Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend.
This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels represent 1 to 100 % and each level in between creates reaction.
In this case, in crypto especially we see that when the markets recover from a deep low, that algos tend to sell each and every touch of such a FIB level up until the 61.8%. Once we break the 61.8, and we RETEST on the upper side of the 61.8% line, algo s tend to BUY again as a resumption of the overall uptrend.
Trading these levels can be very rewardin but you need to know what you are doing and set LIMIT orders. Dont sit there watching it thinking, ohw it will blast right trough it. It most often wont. And if it does it will come back down to retest the level it broke and you can still FOMO in if you cant handle your emotions.
so have we seen the bottom? Yeah on Litecoin i m pretty sure, last sell off on BTC Made litecoin create a double bottom and not a lower low telling us litecoin is holding up strong compared to Bitcoin.
It are great times, the traders market is coming back and we can recover from losses or a quiet time depending what your position is in the market.
Watch these levels, hold if you re not comfortable or use stoplosses. But its an easy to understand strategy. Just dont overtrade, trade the major levels only.
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Litecoin Retrace to $190 then rebound to $230 regionI don't write about Litecoin much or give analysis. But here I'm going to. It is interesting how news of a fork made Litecoin jump when other coins in the same situation didn't, even after Charlie Lee said the fork was a "Scam". Although, I think we are missing the bigger picture. Litecoin has weathered many of the political storms that other coins haven't. Bitcoin itself has its capabilities being questioned. I think there is much utlity in Litecoin and is good for holding without worry about how to use. In short, it is a reliable crypto to depend upon and is underestimated. I see it retracing to $190-$180 level then going forward to $230 target. This is along with general market movement. But Litecoin arguably started this mini rally.
LTC Breaks downtrend - $300 TargetLTC blew past the downtrend line with multiple four hour candle of significant price gains.
This bullish breakout follow two bearish wedge breakouts.
Next level of resistance is at the $300 price range. Market conditions seem optimistic so I think waiting for a fallback to $177 range is greedy.
I could foresee a cup and handle pattern with a pullback to about $195 and then another bull run to $300.
Bullish market all around.
#LTC Litecoin why fib retracement is important to learnMy old #LTC idea was deleted from violating TOS by advertising my telegram channels, but here's the gist:
FIB retracement is a must use tool. I think I have given even enough examples w/ the ellipses for you to understand m poiny.
Ignore the date on the drawn arrows, it's just a few possibilities of where #LTC could end up.
Litcoin rally on the horizon?Litecoin is better than bitcoin because it has a very organized team and the community is very united which helps a lot when it comes to taking decisions on upgrading (segwit)
Litecoin has tested this resistance many times before and it's a matter of time before we break it and test superior levels...
I'm projecting a 200% growth on this pair, maybe it won't grow too much on the USD pair so becareful.
Once 0.0215 is taken it will go straight to 0.0327
My final target is 0.06 or 0.08
Stop loss should be around 0.016 because that will probably mean we can revisit 0.011 which i doubt by now.
My thoughts on LTCUnlike BTC and ETH LTC has already formed a double bottom, but that does not mean it cannot go lower, it is always possible that it could. However, between the double bottom formation and $100 being, in my opinion, a very strong support area I would be very surprised if LTC would break below $100 for very long. If by chance I am wrong the $100 level does not hold I would say that $80 would be the next stop. My plan is to rebuild my position in LTC, I have already started buying again, slowly building up my position however if LTC does drop below $100 very far I will start buying aggressively.
Litecoin Bearish Channel on a Bullish Trendline - 02/09/2018The low volume is leading me to believe that this is not the real breakout and another low is incoming.
On green days like these it's the time to be taking profits, not getting into trades.
Trade smart & make some money!
Litecoin Date Forecast and Potential Double Bottom Target - GannIn my last idea I forecast a major low using repeating time and price ranges.
The market found support at the critical 50% of range pressure point and rallied strongly to form a potential double bottom.
Using balancing of time I have forecast dates to watch as pressure points for minor trend changes.
I am predicting the market to fall back to support on the 9th to possibly form a triple bottom.
If this eventuates and the market holds we can expect a 200% of the A-B range.
This gives a price target of $241.
Using Gann's balancing of time, repeating time frames and seasonal time I am forecasting the 15th Feb for this potential setup.
I went short at $147 expecting this minor retest but will reverse and go long if the market presents a signal on the 9th at support level.
Ian - Aussie Gann Trader
Litecoin, Waiting for confirmation of uptrend in LTCUSD !!Technical analysis:
LITECOIN is in Range bound but Resumption of uptrend is expected.
The price touched the strong uptrend line in Daily Chart. It is below the 21-Day WEMA which acts as a dynamic resistance and In the Bollinger Bands buy zone.
The RSI is at 38 and is above a RSI support level.
Trading suggestion:
Price is in the support zone (1.13 to 0.65), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (1.13)
.Ending of entry zone (0.65)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
1. First target is at 2.24
2. Second target is at 2.73
3. Third target is at 3.00
4. fourth target is at 3.51
5. without target
Litecoin, A great trading opportunity in LTCUSD. Don't miss it!!Trading suggestion:
Price is in the support zone (231.76 to 198.04), traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of entry zone (231.76)
.Ending of entry zone (198.04)
Take Profit:
TP1= @ 286
TP2= @ 307
TP3= @ 330
TP4= @ 375
TP5= @ Free
Technical analysis:
.Relative strength index (RSI) is 52.
.Current short-term is range bound, but resumption of uptrend is expected.
LTC/USD and BTC/USD are near DANGER ZONE! (don't buy into it)Everything is on the chart and this also applies to BTC/USD.
There is quite some rejection signs in front of us, so don't buy into this zone.
Wait for break of it and then go long if you prefer.
Wish you good luck traders :)
Marjan
Forex Swing Traders
litecoin USDT pair in Binance, POLO and BittrexLTC/ USDT :
BUY : 155/165
SEL :
TARGET 1 : 184 12%
TARGET 2 : 194 18%
TARGET 3 : 212 29%
TARGET 1 : 229 39%
TARGET 2 : 254 55%
TARGET 3 : 274 67%
STOP LOS : 139 15%
BITTREX POLO BINANCE
LTCUSD - More downward movement
Looks like Litecoin might be continuing downward for the next few days.
LTCUSD - Litecoin retesting $100 soonLooks like the current dip is hesitating for right now but I'm convinced it's heading down some more soon. Expecting a deeper dip than last time, possibly testing $100. Might sound crazy, and I'm sure i'll be scoffed at by all the lambo/moon/permabulls, but they've been wrong since ATH, and are only now accepting that there has been a downtrend. Still, I laugh at them when they see the price rise a little and start shouting 'to the moon'.. only for it to come back down again. It's not that hard to understand, we're in a downtrend, have been for a while now, and it's safe to expect it will continue to go down... all of crypto is completing a massive chart formation - head and shoulders: www.reddit.com
