Bullish Kumo Cloud Twist Circled.
Many thought segwit lock in would be a sell the news type of event, but we shall see.
Although LTC was once pronounced dead for years, it has awoken and reborn!
LTC has now locked in segwit. After the next activation period it will be live from my understanding. After that will come Litening Network, Coinbase Announcement, and more developments to come.
The trend is your friend, Litecoin is still very bullish and it's possible it could test all time high this year. It's one of the only quality alts that has yet to test it's all time high, and now has a fundamental shift and reason to do so.
This is just a personal idea, this isn't perfect trading advice. I'm still new to detailed technical analysis. Do your own research and trade on your own ideas.
(I think a very modest target range would be $20-30 USD, but it's possible to break all time high this year if LTC can maintain momentum in development.)
Happy Trading!
Many thought segwit lock in would be a sell the news type of event, but we shall see.
Although LTC was once pronounced dead for years, it has awoken and reborn!
LTC has now locked in segwit. After the next activation period it will be live from my understanding. After that will come Litening Network, Coinbase Announcement, and more developments to come.
The trend is your friend, Litecoin is still very bullish and it's possible it could test all time high this year. It's one of the only quality alts that has yet to test it's all time high, and now has a fundamental shift and reason to do so.
This is just a personal idea, this isn't perfect trading advice. I'm still new to detailed technical analysis. Do your own research and trade on your own ideas.
(I think a very modest target range would be $20-30 USD, but it's possible to break all time high this year if LTC can maintain momentum in development.)
Happy Trading!
Trade active:
Here's the LTCUSD pair as well showing the same signs.
Comment:
Here's an updated look at the LTCCNY pair. We had a big red wick that found support at the cloud where it bounced. This could mean the immediate trend is flipping and we will now move up.
Overall I think it's entirely possible to move mostly sideways for the next week or two before the next big leg up.
This can change at any given moment and if/when Litecoin is integrated with Coinbase I would expect another big leg up. Lightning network should also be integrated soon after segwit is live (in 2 weeks).
Like I said, it very well may trade sideways for a week or two and it's possible to average in a bit lower during that time as we see ups and downs. This should provide a good opportunity to accumulate.
If you already have a position, stay patient. This is more of an accumulate and hold time period for litecoin than a margin long until we receive more bullish indicators of next big leg up.
Either way, this coin has massive potential this year if you have the patience to stay the course.
Best of Luck & Happy Trading!
Here's an updated look at the LTCCNY pair. We had a big red wick that found support at the cloud where it bounced. This could mean the immediate trend is flipping and we will now move up.
Overall I think it's entirely possible to move mostly sideways for the next week or two before the next big leg up.
This can change at any given moment and if/when Litecoin is integrated with Coinbase I would expect another big leg up. Lightning network should also be integrated soon after segwit is live (in 2 weeks).
Like I said, it very well may trade sideways for a week or two and it's possible to average in a bit lower during that time as we see ups and downs. This should provide a good opportunity to accumulate.
If you already have a position, stay patient. This is more of an accumulate and hold time period for litecoin than a margin long until we receive more bullish indicators of next big leg up.
Either way, this coin has massive potential this year if you have the patience to stay the course.
Best of Luck & Happy Trading!
Trade active:
I was a little early with this idea. There are mixed signals currently and it's possible we will trade mostly sideways during this accumulation phase for a while longer.
There are some potential bullish signals to keep an eye on. Once we cross above the 20 & 50 day MA again, it will likely trigger another big leg up.
It's still a good time to accumulate and average in for an early entry. For a safer entry, wait until we break above these points.
No one knows specifically when LTC will be added to Coinbase, but I expect a nice bump in price from current $14-15 range to the $20-25 range easily. It has potential to hit new all time highs ($50 range) this year if we maintain bullish momentum and development.
There are some potential bullish signals to keep an eye on. Once we cross above the 20 & 50 day MA again, it will likely trigger another big leg up.
It's still a good time to accumulate and average in for an early entry. For a safer entry, wait until we break above these points.
No one knows specifically when LTC will be added to Coinbase, but I expect a nice bump in price from current $14-15 range to the $20-25 range easily. It has potential to hit new all time highs ($50 range) this year if we maintain bullish momentum and development.
Comment:
4 Hr timeframe is above.
On the 2 hr timeframe, we can see that we've crossed 20 day MA, but not 50 day yet.
If we cross this, expect another leg up shortly after.
If you notice, LTC tends to move up quickly, then move sideaways for a while before continuing upwards trend lately.
On the 2 hr timeframe, we can see that we've crossed 20 day MA, but not 50 day yet.
If we cross this, expect another leg up shortly after.
If you notice, LTC tends to move up quickly, then move sideaways for a while before continuing upwards trend lately.
Trade active:
Finally, let's have a look at the 1 HR chart.
You can see we're getting very close! This could be seen as an early entry signal (riskier/higher reward potential). OR wait for further confirmation on 2hr/4hr timeframe for a safer entry.
Once this breaks through we should be off to $20 with ease.
You can see we're getting very close! This could be seen as an early entry signal (riskier/higher reward potential). OR wait for further confirmation on 2hr/4hr timeframe for a safer entry.
Once this breaks through we should be off to $20 with ease.
Comment:
If the 20 day MA (seen in green/red) above on 1 hour chart breaks above the 50 day MA (seen in blue) expect a big move up.
Comment:
Let's keep an eye out for this repeat signal.
If we see it repeat, it's likely a good margin long position.
If we see it repeat, it's likely a good margin long position.
Comment:
Getting very close on 1 hr chart
Trade active:
Everything has been pumping today while LTC has been patiently waiting.
This is a look at the 30 min which gave an earlier indication last time.
Higher risk & reward to take position here. I'm adding to my current position now. (no leverage since it's the weekend). Either way we're heading to $20-$30 range soon so fill your bags before it's too late!
Everything has been pumping today while LTC has been patiently waiting.
This is a look at the 30 min which gave an earlier indication last time.
Higher risk & reward to take position here. I'm adding to my current position now. (no leverage since it's the weekend). Either way we're heading to $20-$30 range soon so fill your bags before it's too late!
Comment:
Reposted one hour chart... here's the 30 min chart.
Reposted one hour chart... here's the 30 min chart.
Trade active:
Here's an update on the hourly chart.
Looks like we're fueled and ready to start the next leg up. May see pullback along the way, but it looks like it's now safe for a nice 2-4 day swing trade.
Looks like we're fueled and ready to start the next leg up. May see pullback along the way, but it looks like it's now safe for a nice 2-4 day swing trade.
Comment:
Update with Ichimoku Cloud.
Bullish TK Cross
Bullish Signal Above Cloud
Bullish Kumo Twist Soon
I think we may retest the cloud for support and bounce up before the next big move up.
Bullish TK Cross
Bullish Signal Above Cloud
Bullish Kumo Twist Soon
I think we may retest the cloud for support and bounce up before the next big move up.
Comment:
Looking quite bullish on LTCCNY pair as well
Comment:
While all eyes are on BTC the past few days and most ALTs have seen a bloodbath, LTC has been holding well. As I previously mentioned, I wouldn't be surprised to see it move sideways until Segwit is Activated on the network.
Segwit will go live in less than 9 days. From Charlie Lee's account, I believe he mentioned Lightning Network also being activated at the time.
You can track Segwit Activation Time Here:
litecoinblockhalf.com/segwit.php
LTC will most likely fly under the radar in an accumulation phase until we get closer to segwit activation. Buy, Hodl, Accumulate right now while others are fixated on Bitcoin and making panic moves elsewhere.
Don't open any margin positions until we see a clear breakout!
Segwit will go live in less than 9 days. From Charlie Lee's account, I believe he mentioned Lightning Network also being activated at the time.
You can track Segwit Activation Time Here:
litecoinblockhalf.com/segwit.php
LTC will most likely fly under the radar in an accumulation phase until we get closer to segwit activation. Buy, Hodl, Accumulate right now while others are fixated on Bitcoin and making panic moves elsewhere.
Don't open any margin positions until we see a clear breakout!
Comment:
Note that while BTC has been rising, LTC has been holding it's ground in terms of fiat currencies. It's accumulating and ready to break out in the next week or two!
Accumulate while others aren't paying much attention to it.
Accumulate while others aren't paying much attention to it.
Comment:
New High in LTCCNY pair today.
Bullish TK Cross
Maintained Level Above Cloud
Higher Highs & Higher Lows
All signs bullish to continue to move higher. This is without Coinbase news and without Segwit activation still.
New High in LTCCNY pair today.
Bullish TK Cross
Maintained Level Above Cloud
Higher Highs & Higher Lows
All signs bullish to continue to move higher. This is without Coinbase news and without Segwit activation still.
Trade active:
Right after I posted that, we see another big green candle on LTCCNY pair.
Comment:
LTCUSD Chart
This is much stronger angle break on 20 & 50 day MA than last week. Last week's signal was a little premature but would've been alright. This looks like a much safer entry now and I'm not going to call a top or limit here.
Exit as you see fit, but I plan on hodling until further notice.
This is much stronger angle break on 20 & 50 day MA than last week. Last week's signal was a little premature but would've been alright. This looks like a much safer entry now and I'm not going to call a top or limit here.
Exit as you see fit, but I plan on hodling until further notice.
Comment:
Even LTCBTC pair looking very bullish now.
Trade active:
Litecoin officially added to Coinbase just now. FOMO soon to ensue. First easy target is 120 CNY. Let's see where we go!
Trade active:
All signals extremely bullish for LTC. TA + FA both bullish!
TK cross, Kumo Twist, and MA signals this will be another parabolic move upwards.
Margin long now open, let's see where she goes!
All signals extremely bullish for LTC. TA + FA both bullish!
TK cross, Kumo Twist, and MA signals this will be another parabolic move upwards.
Margin long now open, let's see where she goes!
Comment:
Margin Trade was closed at a nice profit. Still holding a nice position for longer term as I believe the overall bull trend is still in tact.
Fundamentals have never been stronger for Litecoin. Litecoin will test it's all time high this year and break through the $50 USD mark.
It's been holding strong during the latest BTC run up as well.
HODL strong and be rewarded.
Fundamentals have never been stronger for Litecoin. Litecoin will test it's all time high this year and break through the $50 USD mark.
It's been holding strong during the latest BTC run up as well.
HODL strong and be rewarded.
Comment:
Updated LTCUSD chart
Bounced off the cloud and recovered with strength. This looks like a bullish continuation to me.
Be a strong hand and don't be shaken out.
Bounced off the cloud and recovered with strength. This looks like a bullish continuation to me.
Be a strong hand and don't be shaken out.
Trade active:
Ready for blast-off
Trade active:
Trade active:
Update on LTCBTC pair:
Another Kumo Twist + 20d MA crossed the 50d MA again.
This is still looking very bullish overall. Hodl or add to position here on this little pullback
Another Kumo Twist + 20d MA crossed the 50d MA again.
This is still looking very bullish overall. Hodl or add to position here on this little pullback
Comment:
LTCCNY pair updates:
In the big picture, this trend is still very much in tact. Hold and/or add to position on dips.
In the big picture, this trend is still very much in tact. Hold and/or add to position on dips.
Comment:
Looks like we're consolidating before the next leg up. Bullish longer term trend still in tact. Continue to hold for now until next leg up.
Comment:
Could easily continue to consolidate and move mostly sideways for a 3-7 days before making a decision, but I expect it to break upwards again after that.
Comment:
Looking to make contact with the cloud again before next leg up most likely.
Trade closed: target reached
Comment:
Looks likely to test the 155 range now, or even as low as 140ish.
Out of this trade for now, will look for a better reentry in near future.
Still bullish long term, short term correction and consolidation it looks like.
Will post another idea in future.
Looks likely to test the 155 range now, or even as low as 140ish.
Out of this trade for now, will look for a better reentry in near future.
Still bullish long term, short term correction and consolidation it looks like.
Will post another idea in future.
Will be updating the charts along the way to see how it goes.
Now is still a good entry, but maybe leave some dry powder to buy more if it hits sub $14. It looks like $13 should be the new bottom from here.