Litecoinusd
ridethepig | LTC Market Commentary 2020.02.12LTC will continue to reduce liquidity. Not sure how effective that is going to be at containing this environment though. A move towards 93 is a matter of when rather than if. Happy to sit in LTCUSD longs for now, the move is unstoppable at the moment. If BTC and cryptos can have a strong couple of days, spot could easily touch 90 this week. Stay long Litecoin.
I really think any move lower is unjustified and the strong liquidity injection will see LTCUSD a lot higher once we clear the coronavirus flows.
Don't forget to keep the likes, charts and comments coming!
Litecoin 4H AnalysisLitecoin has presented multiple chart patterns on the 4H chart including a rounded top reversal, a bullish triangle, and currently is sitting within a WIDE broadening wedge. With higher lows present this could lead to a bounce for the coin at the 50MA level. If not a breakdown to 200MA on 4H is expected.
This is where LTC LITECOIN is going in the next few days! hello again, just following on my LITECOIN LTCUSD analysis and here is my recent update. everything is clear on my chart, if there is any confusion feel free to comment below!
let me know if you guys agree with my analysis or not! Cheers
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice.
Litecoin Weekly Golden CrossWeekly Golden Cross, if this holds any merit upsides are expected. Also a double bottom formed on the grey fib line, with higher lows present.
Young AltsA lot of alts are still young, there is still huge room for growth, as can be seen on the LTC chart. This is the best I could do for a comparison on a free account.
LTC Litecoin's rally is reaching an End and $66 is the target!hello guys. as you can see Litecoin is on its last wave up Endig 5th wave diagonal! RSI SHOWS extreme exhaustion on price action by developing a there drive Mega bearish divergence which is likely to play out in the coming days to weeks! so this is a moment to be cautious on the market is anything can happen. at any moment and you need to be prepared.
cheers
LTC/USD due for a pullbackIn this chart, we can see the ascending channel that LTC/USD has established since December 18th, 2019. There's still a long way to fall before the pattern is broke, which I believe is unlikely.
However, the RSI has fallen below 40, even though LTC is clearly not oversold, as it's forming a short-term top. The RSI should be much higher. This kind of divergence between RSI and price action likely indicates a short-term trend reversal, meaning LTC could fall to $60 or lower before resuming its present rally.
The current uptrend can't be denied and isn't likely to reverse. But traders are likely to continue taking profits after this 5-week long bull run.
Litecoin:USD inverse head and shoulder breakoutHello All,
This is an exciting one, as litecoin has broken out of its inverse head and shoulder, here we can clearly see that the right shoulder is very small compared to the left shoulder which is a really bullish sign. The price objective of the inverse head and shoulder pattern is approximately 90, and, although, we are up against a small section of resistance, it looks like the pennant will break upwards and through the resistance.
As for the RSI, there is nothing to worry about there because there was a recent break out and it could be in the over bought region for extended periods of time.
Best of Luck and stay technical!
Previous analysis:
Current LTC:BTC Analysis:
Litecoin:BTC Push Through!Hello All,
I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it looks like litecoin is in a much larger descending channel and with the strong movements it had last run, I suspect that there will be a strong chance to reach the top of the channel which would be an approximate increase of 100% against bitcoin. I have marked all of the horizontal resistance regions with red rectangles (all of these areas are possible points of accumulation or reversal).
Shorter Time Frame Analysis:
In this image, there appears to be a complex head and shoulder, with two shoulders on the left, however, it is possible this left shoulder may not be symmetrical. If it is not, I would be suspecting strong moves through the resistance and a consolidation above it. If the left side forms a second shoulder because it is rejected at the resistance. I am looking for a retracement back to 6800 satoshi's.
Best of Luck and Stay Technical!
Previous Analysis:
LTC monthly lows are in BUY it BIG to make $$$$$$MartyBoots here , I have been a trader for 13 years
Watch the video you will be happy you did
ridethepig | LTC Market Commentary 2020.01.31LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows.
In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x.
The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows:
Good luck all those buying dips in LTC and BTC. As usual thanks for keeping your support coming with likes, comments, and etc!
LTC - A lot of potential upside!I like charts like this LTC chart here. It gives a high probability that if we move in a certain direction that we will continue to do so.
If we take the last percentage that LTC went up by and apply that to the next run, we get a hefty move all the way up to almost the $250 area. Maybe that will happen, but a significant resistance point is at $200 where I think we will get a pullback or at least stall at that area.
Weekly MACD = Crossed.
Weekly RSI = Created a higher low and is moving up
The overall chart created a higher low
happy Hodling,
-Sherem
Litecoin surging againI came up with this idea last week, LTC didn't break the first support line. On 4 hour chart, RSI oversold signal will shortly make sell pressure, which may slow down the price surge for a few days.
However, this looks very good right now and I will post the next update in a few days.
Litecoin - $LTC - Middle-term - Accumulate and HOLD!Lots of alts are getting close to the end of their subcycles. And so does $LTC
We still a need move down with bullish divergences but we're really close...
$79 is a potential target when we turn back up.
PS: Losing 50.63 will invalidate the count.
#LITECOIN #CRYPTO
#LTCUSD#LITECOIN, Support with potentialThe LTC has a negative momentum like the other currencies over the past two days.
The LTCUSD is currently on the $ 56 support line as you can see in the graph above.
Stochastic in the area you want to buy.
RSI is already at 35 which is usually indicative of a trend change.
Target: $ 63
The Awkward Head And Shoulders PatternMany top alt coins have formed an awkward head and shoulders pattern, this may lead to further downsides if the EMA level breaks. However it looks as if the H&S has completed.
LTC Breakout PendingLitecoin should jump up nice here in the upcoming bull market emerging in the crypto space - as soon as we break above 7k sats - expect a nice healthy run over the next few weeks to retest 9k sats.
We probably won't break it on the first run but it will be a nice confirmation that we are indeed in ALT SEASON!
If you want to watch the live technical analysis just click the link in the signature!
Peace & Love -
BK
Litecoin to $20-$26 around bitcoin halvingLook like we are going to have a dead cat bounce soon and then go down further from there...
