LTCUSD update: Lower high formations across the board imply further weakness in these markets. As bearish as this price action may appear, it is a welcome sign for the next swing trade long. The lower high established at 153 is concerning if you are long, but if you saw my recent long term Elliott Wave count that I published on S.C., you will see that the level...
SHORT THIS MF TO 125 U DIG wait for the price to go through the 1fib
Litecoin followed Bitcoin in its fluctuations as the currency pair stayed close to the ascending trend line and the support area at $146. However, it started to decline several hours ago indicating the beginning of a correction. The currency pair has almost reached the support area at $138, but was unable to test it. The Ichimoku cloud is almost invisible here and...
This chart is bias towards a bull market correction. I believe we're in a #BullMarket now since breaking the downward trend line from BTC 20k, and thus I assume this is the correction pattern. LTC always follows BTC better than any other coin. That's why its my favorite crypto, steady steady, then breaks out. Best risk reward ratio. That being said! This is an...
Examining Litecoin daily chart, we could find a trend reversal pattern that I consider as a reliable enough. The trend reversal pattern is also in sync with Elliott Waves signaling the correction is over and we're in early stage of another wave up. For best risk to reward ratio, we may plan to enter the market in range of $130-140, stop-loss at 110 and first...
Closed all of my crypto trades (BTC, ETH, BCH, LTC and DASH). All are setting up similar to the bitcoin chart, at this point all cryptos are so highly correlated, just going to wait this out. Downtrends and new supply zones on D1, bearish engulfs on WK, nothing real strong looking on the WK either. My plan is to: 1. Wait for price to reach recent WK imbalance,...
BTC and ETH just broke their overnight equilibrium bullish while LTC still has hourly lower highs in place. There is a double low of support in the $144s which is a must hold level, or the lack of support underneath will shift momentum to the bears. Bulls are trying to gain 4 hour EMA support and see the 12 period cross the 26 bullish. This has already occurred...
Litecoin dropped down last week and reacted from the support level around $135. Price broke below the ascending trendline but stopped at the support level. If price continues higher it may retest the trendline as well as the resistance level around $175. If price breaks through the support level, the next support comes at around $110. Good Luck, CryptoTrendline
Litecoin went above the ascending shor- term trend line during the late American-Asian session but failed to develop its progress. LTC price almost reached the resistance area at 153 level but then we have seen a Shooting Star reverse candlestick pattern. Litecoin returned to 146 support area where it fluctuated until the moment of writing this review. Litecoin...
Fibonacci extensions XAB and XCD shows a very tight price target zone from 175.55 to 176.08 at 61.8% . Enjoy your profits.
Last week main cryptocurrencies fell substantially from the maximums they had been reaching for 5 weeks. Bitcoin reached its minimum of $ 8’200. Its share in total capitalization rose to 36,9%. The number of billionaire-coins decreased to 24, and the total share (according to coinmarketcap.com) decreased to 1’610. The total capitalization of cryptocurrencies...
Hey hey guys. I've been hiding since my last bad call, lol. But not much to talk about since I've been HODLing the entire time. Made a little extra coin swing trading before my last entry to LTC at 164. I'm posting the BTC chart because it's what I examine first and the driver of it's little bro LTC. I can't bring my self to sell lower. It's just too risky and I'm...
If we zoom in from the daily chart I posted. LTC has broken this major trend line, plus the major support at this 140 level and the DAILY MACD has crossed DOWN. On my last call, I said I preferred the 125 area over the 140 and you can see why. If you are in at 140, you might get a bounce back up to this resistance at 143, but technically that's about all you got...
I am a little late to post this, but I am going to post this anyways and let you do what you will it. I don't like this trade, but I can't not look at it for a potentially good play. The larger time MACD's are still in positive territory but beginning to arch up a little. While on this smaller 1 hour, MACD is pointing up a lot. RSI isn't showing much...