Litecoin / U.S. Dollar LTCUSD

Litecoin ( LTCUSD’) needs no introduction. We will be looking at it shortly and going straight to the trade: snapshot - 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 Targets ...

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.

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.

Speculative wave 1 + 2

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.

This are some of the top 15 Altcoins USD paired and grouped in one chart, taking much noise of the market and I think is giving better idea where we are heading... My other idea: https://uk.tradingview.com/chart/BTCUSD/rO9WKknp-Bitcoin-bottom-revealed/ Thanks

H1: - Downtrend - Upward weakening - Three candle : reversal --> Sell

38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

LTC has found a small resistance standing on the Blue Line where the arrow states $63.. If we can close above this candle next targets could be as much as $65 & $67.. Support stands at $60..

H4: - Strucuture: Uptrend - Above support - Tendency: pullback downward --> Waiting signal--> BUY

LTC has done a exact box movement thats mimic's last month box. Once we cross the trend line, we could be heading towards (Red Zone).. Could we see $40...

LTC continues to be dictated by the 50MA and as we can see a possible downside leg is soon as the 50MA comes closer to become even more of a resistance.

After the Loss of 10 Billion in the market, the final push towards the downside is on its way. After Litecoin lost its support we could be heading down to a new low of $44. This support is a very major level and i do believe we could even break this and head towards $39.

38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS

As Litecoin broken the trend resistance and is now resting on it, we could see a push towards $62-$65 region as also the Litecoin Summit is today and tomorrow which could bring a price surge with that.

After breaking out of the box zone we could be heading down to a new yearly low of $44 for LTC.

LTC broke the resistance of $63 and is looking to push for further gains towards $68. Very small steps at the moment, a lot of resistances to come..

KRAKEN:LTCUSD Breaking through resistance lines with large volumes over the weekend setting up LTC for a Major Bullish Move next week