Potential for a long trade here on LTC after this pullback. There is some resistance at target 1 however if this breaks price could reach target 2 at AB=CD extension. On this chart I have incorporated the ZenTrend and Hoffman scripts for entry, stop and targets.
Litecoin ( LTCUSD’) needs no introduction. We will be looking at it shortly and going straight to the trade:
- We have a falling wedge , which is a bullish pattern .
- LTCUSD’ is now sitting at 2017 strong support levels.
- MACD curving up and bullish crossover.
Trade instructions for Litecoin’ (LTCUSD) by Alan Masters
Buy in: $50 – $54
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 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.
LTC has closed the daily candle at its lowest point of 2018, Red zone indicated in the next target, even the blue zone is a possibility while many people wont even think it is. RSI looks like we are still in a oversold market and looks like it isnt stopping.
As we near the end of 2018 we could still be seeing new lows for LTC, 200MA looking to play flat for a few weeks, Lows for 2018 in my opinion have not been seen yet, 7300 sats is a true possible outcome. My start of year target could be in play with the like of ETF being agreed around this time in my opinion.
The same zones i stated one year apart are very...
LTC has hit its 200MA on the 4HR Chart and is looking towards 9800 Sats then a possible target of 10700 Sats, Broke out of the Ichimoku Cloud and is acting as a form of support, MACD has turned positive and are looking for more gains in the next few days/weeks.
Litecoin has found strong resistance from just above the $62.00 level, after performing a bullish technical break higher in early week trade. If buyers fail at current levels the LTC/USD pair may start to decline towards the breakout area, which is located around the $58.00 level. Traders should also note that the LTC/USD pair may be forming a bearish head and...
The BTCUSD has been incredibly choppy, with no trend to speak of for the past few days. However, a glance at ETHUSD, LTCUSD and XRPUSD tells a different story. The major cryptocurrencies are flagging and seem to be in the process of carving a base. Adding to this notion, is the fact that ETHBTC is at very significant support. This adds directional bias to the long...
. LITECOIN/DOLLAR is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
. There is a possibility of...
It´s not very complicated idea for today - altcoins generally are totally oversold at the moment. What we see on a weekly LTC log chart is:
- Oversold stochastic oscilator giving us long signal
- huge horizontal support on level around 50-55 USD
- sitting on support trendline of the falling wedge.
Now, guys, what else would you like to see? This is a clear buy...
Litecoin is moving towards key monthly support in early Tuesday trading, with the seventh largest cryptocurrency close to a heavy technical breakdown.
A move below the $70.80 support level should provoke heavy selling, as it represents the neckline of a large head and shoulders pattern.
Momentum is currently with sellers and we are seeing the entire...