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January Litecoin Price PredictionPrimeXBT has investigated the markets and found some relevant data about LTC/USD that we would like to share with you. Litecoin bulls could push the digital asset towards the upper boundary of the small ascending channel, with a breakthrough the resistance line of the falling wedge being a historically bullish reversal formation. Also, the price hit its main resistance level of $52, but it needs some further time to close above it. On the other hand, a break below the $48 support level could provoke an even deeper decline towards the $40-36 support zone. Major crypto assets such as Litecoin, Ethereum, Ripple, EOS were long overdue to see some relief rallies or recovery from their low support levels. Whether the recent upside movement of the crypto market is the start of a proper "Altseason" or merely a strong reaction to testing low supports still remains to be seen. Historical data indicates that it is too early to determine that an "Altseason" is beginning, and with most assets being down so significantly against their BTC trading pairs, it is difficult to consider whether their recent upsurge was large enough to position the market for a potential rally. Resistance Target Zones: $62.2 - 64.4, 78 - 80 Support Levels: $50, 48, 43.8, 38, 36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC PrimeXBT only offers you the most valuable analysis each day. Keep an eye out for more PrimeXBT trading signals for other assets.
BITFINEX:LTCUSDLong
by UnknownUnicorn3931771
2
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
19
Don't miss the great buy opportunity in LTCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 64.15 TP2= @ 79.15 TP3= @ 99.30 SL= Break below S2
BITSTAMP:LTCUSDLong
by ForecastCity
10
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD . According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture. Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38. Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level. Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels. If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal. Resistance Zone: $45 - $50 Support Level: $40, $38, $36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC The best way to get consistent quality analysis is to follow us. As always, be careful, and don't forget about capital & risk management.
BITFINEX:LTCUSD
by UnknownUnicorn3931771
2
LTC|USD - Head And Sholders PatternGreetings. Please leave a Like if you like the idea Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position. - The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support. The position should be taken only when price close above the Neckline what will confirm the pattern to work. 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
BITSTAMP:LTCUSDLong
by UnknownUnicorn6061584
1
LTCUSD formed bullish Shark | A good long opportunityPriceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of LTC price action's moves: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $42.25 to $41.84 Sell between: $42.67 to $43.55 So this very short term 2 hr based chart trade is a good long opportunity for Lite Coin's day traders. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
COINBASE:LTCUSDLong
by moon333
2
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year. The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork. If we don't hold we will probably test for a double bottom around 23 dollar.
COINBASE:LTCUSD
by Fomonacci
LITECOIN BUY SETUP UPDATELITECOIN move up nicely since my last post about. I hpe you enjoy my analysis. Please support the idea by Like, and Follow :) Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together. _________________________________________________________________________________________________________________________________________ Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support!
BITSTAMP:LTCUSD
by AIRFOREXONE
2
LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
BITFINEX:LTCUSDLong
by Bixley