Litecoin reached 50.00 resistance level. Long trades, which were opened based on the downtrend line breakout, gave good profit. Now we have to think about new entry levels for opening new long trades. We should not buy now, because it could be a retracement soon and price drops lower. Where to buy? We have 2 possible entry levels which are near the uptrend lines....
I missed the train but not going to FOMO on this. I don't think LTC is ready yet for this years massive pump. Still got some more correction to do and more weeks to go. I'm still bullish long term.
Two short term bearish signs:
- MACD 1H about to cross down.
- Bearish Butterfly Harmonic Pattern.
LTCBTC also touched a huge resistance.
Good luck!
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Litecoin has been acting stronger than $BTC, I assume it might grind sideways like practically all coins, until all hell breaks loose by August 1st. Most people are worried, or bearish overall, and in the recent bottoms, we saw traders unload long positions in loss, to quickly realize they had fallen for a bear trap. Until fundamental risks aren't out of the way,...
Let's look at the 4H chart of Litecoin and find possible entry levels for buying. We can see that price bounced from the downtrend line and moved lower to 34.00 support level. If price drops to this level and the uptrend line, this area will be the 1st entry level for opening long trades. Stop orders for these trades must be lower than the uptrend line and take...
I recently sold our LTCUSDT trading position (bought at 43, sold at 47).
The cryptocoin is showing weakness with MACD and RSI exhibiting stark divergences from price. MACD and RSI are forming much lower highs compared to the same/slightly higher highs of price.
Re-entry point (in case you want to trade again) will be 41 and below.
Massive Bullish OBV divergence (clearer on Hourly)
MACD is pinched and primed for a move upwards (clearer on Daily)
RSI has plenty of room to make a run (similar on both TFs)
Stoch RSI oversold on Hourly, but not super worrisome on Daily
This week, OBV bull div seals the deal.
LONG
Also, something about Charlie coming back feels fortuitous.
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Poloniex LTC/BTC
If keep upward channel blue line ($20)
We will see $100 (0.03 LTC/BTC) or $150 (0.05 LTC/BTC) in the next few months
I think that LTC is now at the bottom.
Litecoin went from 17 USD to 38 USD and corrected from there, we see it bounces at the 24.5 USD support line, but the bounce after crash wasn't that strong. It didn't retrace fully back to 32 USD thus bulls are less strong and something is holding people back. For now we see the trend channel closing in, seen as the blue curves. The gann fann (yellow) indicates...
Will see a price approaching 0.03 LTC/BTC before end of this year
Next, for 2019 halving fomo, 2018 will have a correction time
And we will see finally 0.04 or above price in 2019
After an impressive bull run by the SegWit hype, we're at the point where it has finally been activated. Bear signals are at ATH, BitPivot changed the trend at the blue FIB time zone, and a Head & Shoulders monster is ready to take LTC down to where it belongs.
Entry: Now.
TP: 0.013.
Stop-loss: 0.019.
R/R: 5:1.
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