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Litecoinprediction

Hurt Litecoin ( LTCBTC ) takes on a painful journey down southHello Friends, Here comes my third and final chart for the day. This is yet another simple yet informative chart for you on the daily frame with explanation of what the chart shows. If you have seen my previous chart on Bitcoin ( BTC ) on daily frame, the path is clearly downward. (Ref: ) We all know, when BTC goes down it takes everything else down with it, a major reason why Litecoin will likely fall down apart from the weakness visible in LTCUSD chart. The LTCBTC chart, however, shows further signs of weakness in medium term (spanned over many weeks) with a death cross of 50 MA and 200 MA and rejection at MA 200 in the first week of June. Classical charting pattern wise, it formed a descending triangle (marked in black). The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. As has been evident in the chart, it has broken down and moving south a day after testing the bottom trend line of the triangle for the third time. As the chart suggests, MA 200 acted as resistance for 12 long days before rejecting the price and a death cross of 50 MA and almighty MA 200 has happened. They are going to act as resistance on the journey up. Price will eventually go down since that is the path of least resistance. Medium term view: Next major support is wayy down at 1.272 rectracement at 0.008866 level and below that at 1.414 level further down at 0.007060. They are the likely destination. It might take many weeks though. Short term view : We are currently seeing a small rally on day candle. It can continue till bottom of the triangle. If that is breached and confirmed, God and BTC willing, a rally till 20 / 50 MA / 786 retrecement can't be ruled out in short term (few days to a couple of weeks max). However, don't take your eyes off from the bear market. Thank you. Feedback welcome.
Short
by esjaees
3
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 (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 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
Ascending Triangle or head and shoulders? LTCMy bias on LTC is also Bearish right now. But that doesn't mean I won't trade it to the upside. While these ascending triangle formations are traditionally bullish for a break to the upside, we could also just be forming a Head and Shoulders pattern? Which is it? The upside play: caution Higher risk trade: throw a buy stop above 155 for a move to 165 and possibly beyond. Downside play: Head and shoulders finishes forming and breaks down, we could go all the way to 120 if not lower. Happy Trading! -Sherem
BITSTAMP:LTCUSDShort
by Sherem
5