Topological relationships are common in price dynamic structures. For example, in 2017, BTC has been replicating the volatility of 2011-2013, so LTC currently supports price topology within its 2017 price range.
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...
Hi, today we are going to talk about LTC!
The buyers' defense formed at the weekly time frame a hammer pattern at 61% of Fibonacci, such a pattern could be due to the fact of the continuity of the bullish movement on the Litcoin halving speculation. However, we should keep an eye on Bitcoin and its selling pressure, that can disturb the plans of Litcoin reach...
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.
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.
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...
Possible recovery trajectory
dont have enought time to comment, will do later, i hope this keeps people away from making bad trading descicions.
Please be aware breaking one of the swings down could invalidate the wavecount. (if a cetrain wave low breaks the previous low but these are elliot rules i cannot explaint right here.) some waves can tho,