Monfex is at your service and today we overview LTC/USD compare with BTC/USD.
It's a strong bullish pattern behavior like we see at BTC/USD at the left chart and now we have the same by LTC/USD at the right chart analysis.
Active Trade Signal by LTC/USD :
Buy zone ~ $ 58
Target ~ $ 64
Stop - $ 56,3
Share your thoughts, ideas about the market...
LTC/BTC pair shows bullish signals.
Breaking out of a descending channel we were in for the last couple of months,
While in that channel MACD daily gave strong bullish diverge signals.
If price manages to stay above 0.007 BTC it will head towards higher levels .
Taking profits out at 0.5 fibo from 0.012171 high to 0.006061 low which is at 0.009084 BTC and...
HELLO I JUST OPENED ANOTHER (2ND) LITECOIN BUY
PREVIOUSLY I HAD A BUY ORDER WHICH NEVER FILLED AT 6919
IM FILLED AT 7134
PREVIOUS ENTRY SHOWN IN THE CHART
READ PREVIOUS CHART TO CHECK THE WHOLE IDEA.
MOVING AS EXPECTED AND HOPING IT WILL CARRY ON
LTC IS MOVING AS PREVIOUSLY PREDICTED BUT BTC MOVEMENT JUST SEND HIGH CAP COINS TO HELL. MOST OF THEM GOT DUMPED HEAVILY LTC WASNT THE EXCEPTION
EXPECT TO MOVE DOWN TO POSSIBLE SECOND BUY AREA AND SHOULD PUMP BACK UP IS IN HISTORICAL LOW
COIN ITSELF IS PRETTY CRAP THO KNOWING THEIR CURRENT DEVELOPMENT OF IT IS LITERALLY 0 0!! 0 PLUS 0! IS NOTHING
SO NOT MANY...
After the down move we see the reversal and push back up over 0.0075 range.
Small sideways action over the evening but broke out as expected.
Expect larger moves to the up-side while bitcoin comes back to meet the trend line.
Target zone 0.0089 - 0.0095 range.
Target time ( 10 / 15 days )
Look for re-entry zones ( 0.007550 - 0.007680)
After the FUD by bloomberg in this news post we saw a large sell off in the LTC market with more short's pushing on the downtrend.
Looking back at Litecoin and bitcoin's past after halving events we see this sharp move to the downside followed by a parabolic move back to the upside.
Bloomberg : Search term ...
Litecoin block reward is dew to reduce from 25 LTC reward to 12.5 LTC.
Litecoin has been a very well performing coin this year with some good gains.
LTC is currently is sitting is a nice buy range with the upcoming block reward halving this will push the price of LTC higher.
Could this be the last time we see Litecoin in the 0.009 range and say hello to the...
So guys! I think an imminent rise is comig for LTC, based on a lot of factors:
1) It has reached the resistance that double bottomed on february,
2) Ithas just reached a bit below MA200 and bounced back
3) TRIX seems to be reversing, and the discrepancy between it and the MA is getting lower
4) RSI has just reached oversold, coupled with stoch, and is bouncing...
LTC is close to its trend line which has been in a downward trend since 14th of January, we have two targets which are both marked in the (RED SQUARES). Litecoin has lost significant value since January but as we reach the trend line, a possible breakout is in play.
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
Litecoin is one of the most bearish assets out there last days. Since 15th of Oct. it didn´t even get above the BB mean. It looks compressed to the downside as much as possible.
Anyway, I think things might change. It is more risky trade indeed, but we can see:
- A bullish wedge in created on the 4hr timeframe.
- Bullish divergence on RSI and stochastic...
LItecoin Looking to retest the 200MA, at the moment this could be a risk as the market seems to be falling. But MACD has crossed slight towards buying power, RSI is oversold and LTC is ready to push out slightly, Holding a support of $52 which has held well for the time being, but it has been tested a few times of the last few weeks.