1. Good Volume on the breakout 2. Increasing RSI. 3. Good retracement (helps in re-entry positions) 4. MACD has a good upward trend. RISKREWARD 1. Profit taking : 138 2. Stoploss: 114 RR APPROX 3.0
goals on the chart, go to the breakdown
Price action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)). The target area is therefore between...
Our markup on Litecoin remains relevant, and the applied levels are executed with high accuracy. Despite all the misadventures, yesterday Litecoin buyers found the strength to support the asset, resulting in the price reaching $136. However, due to the lack of confirmation of the global reversal, this height could not be maintained. At the time of writing, the...
My previous post on Litecoin which called for prices to return to between $136 and $140 can be found here: Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1,...
Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09. A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to...
Litecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date. The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid...
if you know how to chart, you know what im doing here, im bad at explaining, but enjoy if you know. blue is supports light teal is load up, red is resistance, and we have trends walls on walls.
We have issued 4 calls so far for LTCUSD in March 1 Sell Call 1 BUY on Breakout Call 2 BUY Calls So far we have 100% Hit Rate on LTCUSD Have a look
LTCUSD will retest 50 MA on 30 M timeFrame and may retest Blue Trendline. Should hold in the area. However if breached than has a potential to retest yesterday's Low within +/- 7$
Start Accumulating LTC and add more on dips for minimum holding of 180 days. This is a Medium Term Call. LTC to outperform BTC in next 180 days Profit Target 369, 421,623,901,1423
Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that long correction in wave "B" or "2", soon should be over. Present time, we see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 98.61) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively...
LTC is crawling in a small range for last few days. It once again failed to cross 100 MA on H4. On the Daily Timeframe, there is a crossover of 13 DMA on downside breaching 20 DMA. Unless LTC concur the RED Resistance Line on TOP with a cross over of 13 WMA in H4 TF, LTC will continue to struggle. If the weakness continues, it may test the Yellow Support Zone and...
LTCBTC reversing on upside from key 55 DMA Support. Expect Fireworks
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction. We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction...
LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic...