With everyone's attention on Bitcoin's price skyrocketing, Litecoin has exploded higher. This daily chart which is almost 1 year shows Litecoins incredible run higher.
Litecoin has broken out of the flag pattern it was forming. It had a strong break out followed by a classic re-test of the upper trendline. I am really liking how LTC is looking here, I continue to slowly add to my position.
Litecoin has been trading in a downward sloping channel since early yesterday. It has put in a higher low and a higher high but I would like to see LTC break above the upper channel trendline to continue the uptrend.
LTC has had an incredible run the last two days and I am really tempted to buy more but I have decided to be patient. It is possible LTC could breakout above the upper trendline and continue higher, but I am going to wait to see if LTC will pullback and possibly re-test support in the $135 area. If it does I will be ready to buy, I believe it is worth the risk...
Litecoin has been looking great recently. Currently flirting with a second trend line (green), but realisticly LTC will have a very hard time maintaining that pace upwards. I am expecting a consolidation back to the black up trend line before more up. Once price comes back to black trend line, would be a good time to throw some more LTC in the bag. I am...
Litecoin has broken out of the upward channel (following btc) and is drifting back down to 200 day MA. 200 day moving average and Fib levels should provide good support levels. Look to purchase in the $68-$72 range if we see signs of reverersal. The first profit target being the all time high in the mid $90s. Cheers and happy trading
LTC could break this triangle soon and that would give us a good projection for profit.
This is my view of Litecoin. From what I see it has been for the most part trading in an upward channel, I could see this continuing over the next couple of months, giving traders buying opportunities near the lower trend line and selling opportunities near the upper trend line. I have not really been trading Litecoin, I am in it more for the long-term (min. 1 to...
So yesterday I proposed a channel. Without putting too fine a point on it: I was wrong. The channel itself was correct, but I missed the outer one. That's a risk of working off of limited data, and why I generally try to avoid working with the hourly too often. Here's a second attempt. It still has some of the weaknesses of the first (limited data) but seems...
Take this TA with a pinch of salt -- trying to extrapolate off of a 24 hr period is a bit silly, even before we factor the 2x stuff into it. I usually look for more long term trades, but found this interesting so figured I'd share it. With those caveats out of the way, we seem to be in a nice upward channel in the past 24 hours. Next resistance point is around...
LTCUSD-Exit from triangle - i expect rise, but it is crypto coin )
The TradeAlertSystem (TAS) aims to pinpoit entry (Enter Trade Alert) and exit points (Exit Trade Alert) for long and short positions for short day/intraday trades based on a powerfull algorithm running on background and picking the best entry and exit zones for the trader. All the trader has to do is follow the email alerts the system sends, no more endless...
The ATS aims to pinpoit entry (blue bar) and exit points (white bar) for long and short positions for short day/intraday trades based on a powerfull algorithm running on background, and picking the best entry and exit zones for the trader. All the trader has to do is follow the email alerts the system sends, no more endless hours of looking at charts trying to...
LTC showing bullish divergence on MACD + RSI, bullish wedge forming at this level. With Bitcoin looking bullish Litecoin is ready to follow, watching for a quick breakout if we get some volume. Re-evaluate the trade if we hit T1 otherwise letting the tight stop hit and look for a remount play Normally dont go for small time frames but this looks like a good RR...
take profit 1 : 52 take profit 2 : 57 take profit 3 : 65 Good Luck