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Litecoin: Parabolic Support Analysis 1H (Apr. 23)X FORCE GLOBAL ANALYSIS: Litecoin has been showing a very steady price move lately. In this analysis, we assess the technicals for Litecoin (LTC) and its bullish and bearish probabilities. Bullish Evidence - We have formed a parabolic support on the hourly chart - Prices initially created lower lows, until it transitioned into creating higher lows - The Relative Strength Index (RSI) showed a series of uptrends and downtrend, and it has recently shown a breakout - The Moving Average Convergence Divergence (MACD) shows decreasing bearish histograms and a potential golden cross Bearish Evidence - We are still creating higher lows on the price - Should we break down the parabolic trend line support, the bullish case would be negated What We Believe Given that the parabolic trend line remains intact, we believe that we could see higher lows, and the formation of potential higher highs as well. Trade Safe.
COINBASE:LTCUSD
by XForceGlobal
1
#LTCUSD ANALYSIS.. BROADEN THE PERSPECTIVE.. Big picture in #LTCUSD may be giving us important clues about price movements in the future.. I think it is meaningful to diversify approaches especially in the process we are in.. In the #LTCUSD monthly chart, Tom Demark has closed the red 2 last month, we can clearly see how the TD indicator has produced signals in similar situations from past to present, we can easily say that it is not positive for the medium-term.. Furthermore, Litecoin is below monthly ma20, this is also bearish.. In the chart, I expressed the price movements likely to occur within the descending triangle and falling channel.. My expectation is that the price will drop to $ 13 in the medium term.. We will wait and see.. You can find my thoughts about Btc and Eth in the link below.. Sometimes you need to break your knees a bit more to jump higher.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:LTCUSDShort
by OguzhanSengor
2
Litecoin Enters Elliott Wave Sell Zone LTCUSD's decline unfolded in five waves with an extended move in wave v. Since the market bottomed around $25 price has been moving upward in a sideway manner, which is what to expect after an impulsive move according to Elliot Wave theory. The correction seemed completed and unfolded as a double zigzag. Further confluence suggesting the end of the correction includes the rejection of 38.2 Fibonacci level, 50 EMA, S&R level, and retest of the broken ascending trendline. Price has the potential to move lower from or near the current level and retest the wave (a) low and even extends lower. The bearish wave count remains valid as long as the price stays below the red line, "47.69" level. What's your thought on Litecoin?
COINBASE:LTCUSDShort
by Veejahbee
2
LTCUSD forming bullish Shark | A good long opportunity aheadFormation of new Shark pattern: On short term hourly chart the price action of Litecoin is forming bullish harmonic Shark pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $41.14 to $40.69 Sell between: $41.66 to $42.70 Stop Loss: The potential reversal zone area which is up to $40.69 can be used as stop loss in case of complete candle sticks closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 4.93% and as per above mentioned stop loss, the loss possibility is 1.1%. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
COINBASE:LTCUSDLong
by moon333
2
ACB UpsideAs shown on the chart since erly October,ACB has been traded below the green trend line on the daily. It finally broke above it this week,but follow through is yet tobe confirmed. On the macd side, divergence has been building up since early October too as shown by the green trend line. It is important to note that since the middle of May 2019, MACD has always been below the zero line and the upcoming blowout earnings could be the perfect spark to push it upwards finally after a whole year. RSI has also been moderately trending upwards too. Although it broke the upwards trendline for a couple of days during early March, it still has potential to be a viable signal to the upside. Also just like the MACD, since the middle of May 2019, RSI has been traded below the 50th mark except for a few head fakes. All in all I believe the longs will finally be rewarded and if Aurora comes clutch with a equity based partnership deal we will definetely be seeing a 10-15bil market within this year.
ALong
by fernandochristopher
9
LTC - 03 April 2020 - Au Revoir LitecoinWe are in a short term bullish trend but the medium term is STILL bearish. I am not sure if we will crash from these levels or will go all the way up to 50 usd levels and crash but the higher it goes up the bearish I will become. I will be buying from the HUGE green box. I will NOT open a short - too risky, I will not be margin trading as well. Considering the unstable global economy, we might have flash crashes which can get us liquidated in seconds. IF the trade does not play and we bounce above 60 levels, I will be reshaping the whole analysis.
BITFINEX:LTCUSDShort
by dacto
11
LTC ANALYSIS: LONG ON THE BREAKOUT!LTC ANALYSIS: LTC finally broke out of the triangle formation in a bullish direction. The volume is beginning to pick up as well as the 50 crossing over the 100MA. The current long zone is inside the range of $37-39. Future take profit targets are T1 at $40.10, T2 at $42.15, T3 at $44.90, and lastly T4 at $47.60. The ATR has plenty of room for growth, but RSI is extending into oversold and could look for a short term pullback, which would be a buying opportunity. Daily chart has plenty to grow. I recommend closing any long position before reaching into the daily resistance block near the $50 range. Possible Entries: $37-39
KRAKEN:LTCUSDLong
by altchicasignals
2
LTC ANALYSIS: CHANNEL BREAKDOWNLTC/USD ANALYSIS: LTC was trending inside of an upward channel before breaking down. Upon that break, LTC re-attempted the channel and was rejected. I expect a further dip before the next wave up. The 100MA is currently holding, but should break down and follow through to T1 at 37.70. Following that is T2 at 36.40 and T3 at 35.55. The green box represents a temporary support, and a double bottom should this hold. If this also breaks down the next line of major support is further below at ~29.00. Possible Short Entries: 39.40-40.60
BITSTAMP:LTCUSDShort
by altchicasignals
1
LTCUSD has completed bullish setup for big bullish rallyA powerful bullish signal 2nd time appeared in history of LTC: In June 2016 there was first time in the history of Litecoin the 50 simple moving average crossed up the 100 simple moving average on weekly chart. And this golden cross produced really very powerful bullish rally upto 8000%. This year in Feb 2020 second time in the history we have received the same strong bullish signals that the 50 SMA has formed the golden cross with 100 simple moving average but there is some difference between the both golden crosses. When the 50 simple moving average formed the golden cross with 100 SMA in 2016 at that time this cross was formed beneath the price action therefore the candlesticks did not have the resistance of 50 and 100 simple moving averages above them. But this time the golden cross has been formed above the candlestick therefore we the priceline had a very strong resistance of these two moving averages and eventually the price action could not break out this resistance level and dropped down again. But there is a very strong positive sign that so far the 50 moving average did not form a death cross with the 100 simple moving average and both simple moving averages are moving sideways. But if the 50 SMA will again form a death cross with 100 simple moving average then it cannot produce very strong bearish trend because the distance between the both moving averages is very low. If 50 SMA would be coming from the long distance and form the death cross with the 100 simple moving average then it could produce very disasters bearish rally. In 2016 the golden cross formed beneath the candlesticks Current golden cross formed above the candlesticks and working as resistance Second strong bullish signal: There is another very strong bullish signal is appeared on very long term monthly chart. And that is the priceline of Lite Coin is hitting at 50 simple moving average support second time in the history of LTC. Even though this month we have is very strong long bearish candlestick but if we see the momentum indicator then it is still turning bullish and ignoring this bearish trend. And the stochastic has given bull cross from very close to oversold zone area. Before this the price action has touched the 50 simple moving average on this monthly chart in December 2018 and after that we have witnessed a very strong bullish rally up to 563%. Therefore if price action will be able to cross up the resistance of 50 and 100 simple moving averages on weekly chart then we can witness same kind of bullish rally again. A big descending triangle: Now I am switching back to the weekly chart. And here we can see that the price line of LTC is moving in a descending triangle. The price action was entered in this triangle on May 2017 and at this time we can observe that the price line has reached very close to the support of this triangle and moving up now. If we more closely observe the priceline then it can be clearly seen that this time the priceline is not able to hit at the support even though it was moved very close to the support. And the reason is that when the priceline had hit the support in the past at that time the Bollinger bands was also at the support of the triangle but at this time the bollinger bands is above the triangle and there is distance between the bollinger bands and the triangle support. Therefore the bollinger bands has stopped the price action to reach up to the support. I've also placed the volume profile on the complete price action moving within this triangle and as a result we can see that the trader’s interest is up to the support and that is bit critical but the point of control of this volume profile is at $61.5. Therefore tere are strong chances that soon the priceline will be pulled back to the POC level of the volume profile. After that there are also chances that priceline will again make another attempt to break out the resistance of the triangle. We can also see that at this time the triangle is quite squeezed and the movement of the price line is also getting quite narrowed and this is the decision making for the Litecoin’s priceline whether it has to break down or break out. Formation of harmonic Crab a bullish reversal signal: If we switch to the smaller time period 2 day chart then it can be clearly examined that at the support of this descending triangle the priceline has formed a bullish Crab pattern. The priceline has just hit the spike in the potential reversal zone of this Crab pattern and turned back and entered in the Fibonacci projection area of A to D leg between 0.382 to 0.786 Fib projection. But I am expecting that this pattern will be helpful for the price line to move up even the priceline can cross up the 0.786 Fibonacci protection level. And once it will be able to cross up the 0.786 Fib projection then it can use this level as support and make a powerful attempt to have a break out from the descending triangle’s resistance. Conclusion: All indicators chart parent and signals are in favour of bulls rather bears. Therefore there are less chances that priceline will break down the support of the descending triangle. So we should be ready for big profit gains. But the support of triangle should be used as stop loss because if this support will be broken down then there can be power bearish move. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
COINBASE:LTCUSDLong
by moon333
6