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Ltcusdshort

LTC/USD Big Picture 4H ChartHi all, as promised this is the zoomed in 4H chart of the previous post I made on the daily chart. You can see clearly that LTC has broken the red diagonal support, so it looks like it'll continue on to the green major support line before I think it will bounce and continue upward. It is possible it may retest and confirm the red diagonal as resistance like was seen on the previous red diagonal I have marked. If it does, I still believe it'll continue downward. I don't necessarily think it'll be a straight plummet the rest of the way, but it is possible with the sell off we have seen the past day. Personally I believe in crypto as a whole and I don't believe it'll break the lower green trend line support. As I mentioned in the previous daily chart, I am personally shorting down to the support line and have a buy order placed. If it breaks the green support I'll start shorting again because I think we will at least see a double bottom of the previous low if that happens. If you like this idea or have any comments feel free to mash the button or chime in. This is just a hobby for me more or less instead of going to the casino. Trade at your own risk and make your own conclusions. I am simply sharing my personal trading strategy. If you disagree feel free to post as well, I enjoy constructive criticism. Thanks for checking it out.
COINBASE:LTCUSD
by bwymore
1
LTC/USD 1D Big Picture Price PredictionIt has been a while since I have posted on here as I have taken a break from crypto for a year or so. I've recently been watching prices and been playing around with 100:1 margin trading on a new exchange (link below). Anyway, I am not a professional, but this is what I'm trading and planning on. Trade at your own risk. The blue upper line and the green lower line are in my opinion the main upper resistance and lower support. I will post another zoomed in version to support why I believe we will see the main bounce at the lower green support. Yes, the current upward trend didn't hit the upper resistance on this run, but it is still within the formation/pattern. I expect a bounce from the green line support and then we will have a bull run and break out of the formation. The formation started with an upward move bull run, so I believe at the end of the pattern it will continue that bull run. I personally am shorting with a plan to go long around the green support. Planning to try to buy around $40-42 range and let it ride. If it breaks below the green support I will start shorting again b/c I imagine we will be seeing much lower unfortunately. If it bounces how I predict, I will have a take profit at the blue resistance line, and then watch to confirm it breaks out of it before reentering, or at a minimum I'll continually raise my stop loss to have a safety net of locking in profits. If you like this idea or agree, I'd appreciate any likes or comments. If you disagree, feel free to post as well. Thanks for checking it out.
COINBASE:LTCUSD
by bwymore
2
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below! let me know if you guys agree with my analysis or not! Cheers Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content. Peace Out! Not a Financial Advice.
Short
by TheMentalTrader
2
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have. Buyers are threatening to trigger capitulation on the Weekly: This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening. I was glad to be rid of the resistance and loaded more. This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it). Momentum triggers, shorts cover and smart money continues to buy strength. Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward... Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence. My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing. Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
COINBASE:LTCUSDLong
by ridethepig
1
LTC/BTC TA Update (Bigger Triangle Pattern?)LTC/BTC LTC reached my target zone and the price is trading inside this resistance box. LTC also manages to get above the 50 Day MA that's a good sign for a potential trend reversal. Now, if LTC can't get above this resistance box in the coming days, it is still not the end for the Bulls as a pullback is required to continue Higher. The price could back-test the 50 MA to confirm as new support, the RSI is still far from being overbought. LTC still has a ton of work to prove.
Long
by PolarHusk
ridethepig | LTC Market Commentary 2019.12.30A highly interesting and hopeful end to the year for most Cryptos with BTC, EOS, ETH and LTC in particular all holding support as the main highlights. It's a quieter start to the week though, with no notable data or Crypto driver today, but we do have the ripple effect from the USD devaluation theme and the increasing reflationary risks already showing signs of spilling over into Crypto that is very much on the table. The nucleus of momentum is from BTC demand combined with a double possibility of technical manoeuvres to absorb any remaining late sellers. This linkage is in 80 cases out of 100 worth trading, even after the defensive nature we can continue moving troops towards the border: The construct of the long-term flows must not be forgotten, or else the threat of the creation of doubt would become to irritable. Take for example: Bulls are threatening to interrupt the lines of communication between Support and Resistance, all things being equal, the attack is quite strong. Therefore I can see the necessity of fixing our opponents mistake of going overboard into support (i.e as highlighted in the LTC chart above. Participation feels low at present, with focus elsewhere it is the perfect opportunity for large hands to load. As usual thanks so much for keeping your support coming with likes and jumping into the conversation in the comments!
COINBASE:LTCUSDLong
by ridethepig