LTC/USD Trading PlanI set Sell limit at $53,68 because:
1. Price broke down triangle.
2. H4 candle close under it.
3. I can set Low risk.
4. Potential reward in 3 - 7 times bigger than a risk.
Goals: $54,48 and $44,18
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Ltcusdshort
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 50.58 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 56.95 (horizontal overlap resistance,100%, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 50.58 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 56.95 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 50.58 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 56.95 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our first support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin bear paws
Greetings from Benice team!
Litecoin is one of the first Bitcoin forks. Charlie Lee has the upper hand, one of the few cryptomarket tycoons who did not hesitate to warn participants about the upcoming correction at the end of 2017, and sold all his personal Litecoins himself.
That's what Charlie Lee says:
"For a currency to really be a worldwide decentralized currency, you can't have a real leader who is trying to control things. So to make Litecoin more decentralized, eventually I would step away... I think that moving forward like five years down the road, when prices back up, then I would feel like it was the right move. In general, it can take several months for the trend to go upward", he pointed out.
If we look at the general situation, we'd rather agree with Charlie, the thaw can last for a very long time.
However, many coins can completely sink into oblivion during this time. So, coins with good fundamentals are more interesting, in this case.
As to Litecoin, its Beta coefficient is good, and it can show the right spirit in the future, demonstrating resistance to decline with respect to the market.
Due to a four-day sideways trend, technical indicators began to signal weakening. A similar situation is observed with other altcoins.
The long-term technical picture tells us that the decline will persist rather than that a rapid growth rally will occur.
You can see the trend continuation pattern on the chart. Accordingly, the target for the Bears is the $ 30 level.
At the same time, in addition to bear paws, the token is successfully drawing the channels of movement and allows you to trade on short time frames with confidence.
An attractive speculative level for buying LTC/USD is 53 and 51. If you enter at these levels, then your target is 61 and 67. However, keep in mind that the trend is downward, and the strategy should include either a possibility of averaging or placing stop-loss orders. At the moment, 44.6 is the optimal level for stop-loss. When this level is reached, the price will be likely to increase the momentum of the movement, to reach 41 and even to go lower.
We are going to update regularly our short-term recommendations on this tool. We are going to inform you of the transaction entry level, the stop order level and the target for taking profit.
Subscribe and follow our recommendations!
You are going to enjoy the results!
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 56 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 62.11 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (55) is also seeing a bullish exit and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 56.70 (horizontal swing low support, ascending channel support, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 67.37 (100% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 56.70 (horizontal swing low support, ascending channel support, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 67.37 (100% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 58.58 (horizontal overlap support, 61.8% Fibonacci retracement, ascending channel support) where we might see a corresponding bounce in price, pushing price to its major resistance at 67.37 (100% Fibonacci extension).
Stochastic (21,5,3) is also approaching our first support and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop!LTCUSD is approaching our first resistance at 66 (100% Fibonacci extension, ascending channel’s resistance) and strong drop might occur below this level pushing price down to our major support at 57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bearish divergence and approaching resistance where a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Litecoin (LTC) Very likely to rally 20% further. Xzhi is long."Litecoin does look quite good from a long term standpoint, but with Bitcoin hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout. "
That was my comment from the last Bitcoin idea. Now I am long LTC and up over 4%. I have bought more LTC 9550.
I expect this rally to go 20% percent or higher in a black swan event similar to Doge or Ripple. Once it completes, we may short Litecoin to the ground. However, Bitcoin must be moving up to 6900 for this to happen. I believe it will so I posted this chart.
Buy:
9550
9464 (most likely target)
9365
Stop Loss:
Close below 9290
Take profit:
11000
My take profit will be manual as I can monitor.
Even if Litecoin closes back below, there is still a chance for it to pop off, as long as it holds 8363 and moves back up.
Thanks for viewing! Doge and Ripple popped off. I believe Litecoin will do the same.
LTCUSD approaching resistance, potential drop!LTCUSD is approaching our first resistance at 66.47 (horizontal overlap resistance, ascending channel resistance, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension, ascending channel support).
Stochastic (89,5,3) is also approaching our resistance and is seeing a bearish divergence where we might see a strong drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our first support at 55 (horizontal overlap support, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 63 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (55) is approaching where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 55 (horizontal overlap support, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 63 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (34) is also approaching support and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 51.57 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 57.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (34) is also approaching support where we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop!LTCUSD is approaching our first resistance at 53.13 (horizontal overlpa resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 47.08 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing of bearish pressure in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop!LTCUSD is approaching our first resistance at 57.96 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 53.22 (horizontal swing slow support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTC - short the breakout down to $40 LTC like many other cryptos made an expanding flat type of corrective structure.
Short this breakout down to around $40.
LTCUSD approaching support, potential bounce!LTCUSD is approaching our first support at 53.58 (horizontal overlap support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 57.86 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also seeing a bullish exit and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching support, potential bounce! LTCUSD is approaching our support at 51.94 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 57.86 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (34) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LTCUSD approaching resistance, potential drop!LTCUSD is approaching our first resistance at 52.17 (horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 49.16 (horizontal swing low support, 100%, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (34) is also facing bearish pressure and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
