Litecoin / U.S. Dollar

BITFINEX

LTCUSD

beginning of April we started a short bear trend. is the short term bear (wave 4) complete? will there be another push up? looking to see what the chart data has to show at the end of April.

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...

My Take Profit target is $102

With the release of significant Tether/Bitfinex FUD today litecoin hardly budged and quickly regained the level taken. In this case I'm going with "the trend is your friend" as everyone wants to call tops on this, we could easily see the current shockwave break up and challenge the recent highs to get around $100.

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Next step for LTC is to retest breakout trendline before we can determine what will happen next

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One thing to watch is how LTC reacts up here against strong resistance. I feel it will fall very soon.

Divergence on Volume and RSI as well as other indicators suggest the LTC uptrend is coming to a close. You could argue that LTC has been leading many Alts for the past few weeks and if that were the case we could see a drop or a stagnation in many Alts in the days and weeks to come.

This is in NOT financial advice My own opinion on what April has for LTCUSD at the current state of the market, I have added my ideas on the chart. Im currently Short on LTC till the 49 zone, however all depends on BTC!!!

Potential BUY

Range des Litecoins

Oberer Anschlag im Range

Should have published a little bit earlier but almost forgot. So as you can see the bottom trend line has been respected by the red wick on 54.10. I entered at 55.85 and is expecting to continue going up. I made my TP 58.65 Let me know what you think of this trade guys. I will have more pics published soon.

buoyed by weekly and daily 200 sma. bull flag on the btc pair.

* Elliott wave analysis using Kennedy channeling. Coloured lines represent channel multiples (Deceleration = Red) and act as dynamic support/resistance . * This chart postulates an ABC structure with wave C in progress. * The Green shaded box represents the target area assuming that wave C conforms to the highest probability outcome of an advance of...

Experiment involving channels to anticipate price barriers. I expect price confinement to a path created by the darker areas.