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LTCUSD has bounced from the supportHey guys and gals hope you are doing well and welcome to the new update on Litecoin. In my previous post I was expecting that the price action has completed the final leg of bullish BAT pattern. But the final leg retraced little bit more down up to 1.281 retracement level and changed its pattern from BAT to bullish Crab pattern. After entering in the potential reversal zone pirceline moved up by 15%. Previouse post: Current Crab move: Finally priceline is moving up from the support of channel: The priceline of Litecoin has also formed in up channel after the mid of March 2020. And since 26th of June the priceline was moving at the support. Now finally the price action has started upward move and likely to make another attempt for the break out. Descending triangle and volume profile: If we switch to the long-term weekly chart then LTC coin is also moving in a descending triangle. After taking bounce from the support on 9th of March 2020 the price action is moving at the centre of this triangle. After placing the volume profile on the complete price action moving within descending triangle we can get the reason why the price action is moving at this level. And it can be clearly observed that the point of control of the volume profile is at this level. Therefore the priceline is moving around this point of control. However, if we watch the trader’s interest as per volume profile then it is at $85. Therefore it will be easy for the priceline to move up to this level. And in order to reach at this level the price action will need to breakout the resistance of this triangle. Conclusion: As the price action has already bounced from the support of the descending triangle and also has taken bullish divergence from the potential reversal zone of Crab pattern. Therefore we can expect that the priceline of Litecoin can make further upward move to reach at least up to the resistance of the triangle. However, we should set our stop loss point at the support of an up channel that is formed on the daily chart. Because if it will be broken down then priceline can start a downward rally.
COINBASE:LTCUSD
by moon333
1
Litecoin may finally catch upIf you remember the recent crash, you would also remember that Litecoin was one of the main "Large-cap Altcoin" to bounce very strongly. Ever since then it has been rather laggard. At the moment we have an interesting situation with LTC and it presents a trade. We are currently moving inside an ascending triangle on the Daily Chart which I expect to play out in order for this trade to be successful. Entry: 46.91 SL: 41.11 Target 1: The Yellow downtrend trendline (Take 25% off here if in case we encounter strong resistance there. Move SL to entry. Target 2: 68.14 Close the remaining position here. I suppose it will be a fast ride if we break through the downtrend line. This is my swing position for this month. I will update if we reach targets or hit SL. Cheers and Good Luck!
BITFINEX:LTCUSDLong
by TheDigitalStonks
LTCUSD a bullish reversal pattern is appearedHi friends hope you are well and welcome to the new update on Litecoin. The LTC coin is again at the support of the channel therefore in today’s post we will try to see whether it will break down the support or not and what the price action can do next. Harmonic moves with consistency and continuity: In my previous article we have seen that on the daily chart the priceline of Litecoin Is forming different harmonic patterns with consistency and continuity. 1st the price action formed a bearish Butterfly then the priceline of LTC formed a bullish BAT and after the completion of this bullish BAT the price action fromed another bearish BAT pattern and now the price action has again formed another bullish BAT pattern. At the moment the priceline is moving in the potential reversal zone since 11 June 2020. But we should set the potential reversal zone as our stop loss strictly because if the PRZ level will be broken down then the price action can move more down to form bulish Crab pattern. The support of all SMAs are broken down: If we watch the different simple moving averages with the time period of 25 50 100 and 20. Then it can be easily seen that the priceline of Litecoin has broken down all the simple moving averages and has no support of any SMA below the candlesticks. Therefore I would repeat again that we should take care of our stop loss and you can set your stop loss point at the maximum extent of potential reversal zone of BAT pattern. Movement in up channel and EMAs: Since mid of March 2020 price action is moving in an up channel and during this movement it is using the exponential moving averages with the time period of 10 in 21 as good support. At the moment price action of LTC has broken down these two exponential moving averages but having a strong support of up channel. If this channel will be broken down then a new bearish rally can be started that will take the price action more down. On the long term weekly chart I am waiting for the formation of bull cross between 50 and 100 simple moving average. If we take a look back at 2016 to 2017. Then after the formation of the this bull cross if a strong bullish rally was started that led the price action to $370. And this is the highest price ever. A bull flag between 50 and 100 SMAs was formed in Feb 2020. And after this cross we witnessed a powerful bullish rally in that month. But that cross was formed above the price action the difference between this bull cross and the previous cross is the previous bull cross between 50 and 100 simple moving averages was formed blow the candlesticks but current cross was formed above the candlesticks. If we want to see a powerful bullish move like we have seen back in 2017. Then we need this cross below the priceline. At this time the distance between the candlesticks and moving averages is very small. Therefore at anytime price action can cross up the moving averages and we can see a bull cross formation below the candle sticks. Conclusion: Even though the distance between the moving averages and the candlestick on weekly chart is very small but this is a fact that at this time the priceline has no support of any moving average on the daily chart. Therefore we should take care of our stop loss. However the BAT formation can save the priceline to break down the channel. And if the price action will take the bullish divergence from the potential reversal zone of the BAT then the price action can move up at least up to the resistance of the channel and that is at $50.
BITFINEX:LTCUSD
by moon333
1
Litecoin | USD - Load up, Moon Soon! { Binance}Litecoin continues in the up-trend channel looking at the EMA and SMA 50 / 100 / 50 / 200 averages litecoin is sitting in a perfect zone to create a golden cross, further to this litecoin has seen massive gains in the past on it's bullish action getting in early on litecoin at this price has a very good risk / reward ratio. The three targets we would advice to look for would be : Take Profit Zones : $65.2 | $85.7 | $108.7 Buying litecoin I would say buying around the 38-45$ range is still a fantastic price for litecoin with all the signs pointing to a break to the upside and looking at breaking out the extended descending triangle.
BINANCE:LTCUSD
by SignalyzeHQ
2
🚨 Litecoin Squeezing HARD! (LTC)🤔 Not much price action has changed on litecoin since we last did an analysis on it. We currently still sit below what use to be old support. It is critical that litecoin can reclaim with a move up here. Notice that we have the candles Squeezing on the Crossover strategy. Would Emma dots are showing signs of it wanting to go for a buyers market. Would like to enter if broke back above the old support level. If we compress here and turn to red we should see a point of rejection play out. I'm not the biggest fan of litecoin but it does have a good market cap and a strong userbase. We will see how it plays out, very interesting. Best of luck! Cheers! 🍺🍺🍺 🥇MLT | MAJOR LEAGUE TRADER
COINBASE:LTCUSD
by UnknownUnicorn2319099
Litecoin 12000%??? | LTC Price Analysis 2020-2021Hi guys and gals and welcome to the new update on Litecoin. The LTC is moving very well between the different patterns and we will talk about those moves and we will also discuss the different indicators and the moving averages as well. Up channel and EMAs Like every top altcoin the litecoin also has formed an up channel. And sometimes it is moving above the exponential moving averagea 10 and 21 and sometime it was moving sideways with these EMAs. At this time the price action has almost broken down the EMA 10 and 21 and likely to have a bounce from the support of the channel: The different harmonic moves within the channel: Price action of Litecoin is forming the different harmonic moves with the continuation within this up channel. And every time when it enters in the potential reversal zone of any pattern it takes powerful bullish divergence successfully. First of all the price action formed a bearish Butterfly move then it formed bullish BAT pattern. After the successful formation of BAT pattern it completed the formation of bullish cypher and now it has completed the formation of another bullish BATT pattern and entered in the potential zone of this BAT. This PRZ level or buying zone starts from $43.51 up to $. 67. From here LTC can again take the powerful bullish divergence. However we should set the maximum extent of this potential reversal zone as our stop loss. Because if this PRZ level will be broken down then the price action may move more down to form a bullish Crab. Simple moving averages on daily chart: On the daily chart the 50 simple moving average has formed a bull cross with the 100 simple moving average. But the price action is still moving down and at this time it is having the support of 100 SMA. If the 50 simple moving average will form the golden cross with 200 simple moving average then the price action can move more up restart an another bullish rally. Because golden cross between 50 and 200 SMAs is considered as a very strong buying signal among the trader's community. Simple moving averages on weekly chart: If we watch the simple moving averages with the time period of 50 and 100 on the long term weekly chart then it can be clearly seen that when back in 2016 the 50 SMA crossed up the 100 simple moving average then it leaded the price action to turn very strong parabolic bullish that produced more than 12000% rally. This time again second time in the history of LTC the 50 simple moving average again formed a bull cross with 100 simple moving average on 3rd Feb 2020. But there was a big difference between the previous bull cross and current bull cross, because the previous bull cross of 50 and 100 SMAs was formed below the candlesticks and that is very strong bullish signal but on the other hand the current bull cross between 50 and 100 SMAs was formed above the price action. Therefore even though this golden cross pulled the price action up but at the same time it was working as a resistance for the priceline. And the price action could not breakout this resistance level of the moving averages and moved down. Simple moving averages on monthly chart: For any big move I am looking at simple moving averages of monthly chart. Below you can notice I have placed two simple moving averages with the time period of 7 and second is with the time period of 50. The 7 simple moving average is very significant and has very importance role to produce any big move. On the below chart you can observe that back in Jan 2017 when the 7 SMA crossed down the priceline the it produced more than 12000% bullish move. Then again in March 2019 the 7 moving average crossed down candlesticks then it produced more than 274% bullish rally. Now at this time the 7 moving averages is very close to the candlestick even it is touching the upper wick of the candlestick and showing the tendency to move down again. this time the 7 MA is already in bear cross with 50 simple moving average. Once the 7 SMA will again cross down the price action and start lifting the priceline upward then it will also form a bull cross with 50 simple moving average as well. And that will lead to a very powerful long term bullish move. Conclusion: The price action is already in the potential reversal zone of bullish BAT and has the good support of 100 simple moving average. If the seven moving average on the monthly chart will provide a support to the price action then we can soon witness a very powerful bullish move.
BITFINEX:LTCUSDLong
by moon333
$LTC Needs to > the $48 Resistance Price to Hit $50 this MonthFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, Litecoin looks to be outperforming alot of different cryptos in the entire cryptocurrency and altcoins market. I'm not as bullish on it as I am with BTC, but still quite bullish on it. It looks like to garnish momentum and hit that $50 price milestone, it needs to pass the $48 resistance price point first in order to do that this month. I think the confidence interval that it will is there. Am I bullish long term as well? Perhaps.
COINBASE:LTCUSDLong
by gamer456148
1
LTC/USD idea of a LONG trade.This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: LTC/USD Time Frame: 4 Hr. Expected duration of position when open: 4 Hr . up to 29/5/2020 24:00 Trade idea is: double resistance break out making it probable for a upward move towards 47.50 Go LONG if Price goes thru (above) 44.75 Position your T/P @ 46.60 Position S/L @ 41.45 When the LONG is open @ 44.75 and the prices goes thru (above) 46.05 move your S/L to : 43.15 If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening. Close the position before the weekend with Profit or Loss! Next week we can find a new opportunity for another trading idea. Do not expect every trading idea to be successful. Do not expect every trading idea to be executed. It is very likely that the idea will not reach the opening trigger price. A good trading idea is one thing. Good money management is another important ingredient to end up in profits or loose less. Use due diligence and proper m.m. Do not chase losses. Do not s.a.r. to panic trade the opposite way. Make sure you can afford to loose all the money you allocated to trading. Have your position sized that the loss will not make you stressed or nervous. Trade ideas/setup of mine are created and focused to take pips out of the market and not to make a prediction or forecast of the underlying instrument traded. My trading methodology is based on probabilities, +E.V. , long term Win/Loss ratio and money management. Oh, and a monkey throwing darts on a chart in the backroom :) I have an personal interest in the ideas myself as I trade them also. I am not a financial advisor. Do your own due diligence and learn to trade on your own. Happy trading, Dan CryptoDesperado
KRAKEN:LTCUSDLong
by CryptoDesperado
3