LTC / USD Cup and Handle Formation???Hello everyone, it has been a while sense my last post. It is good to be back. I was looking at LTC / USD on 1 day chart and see a possible cup handle formation. I think this is supported by the RSI which is currently around 30 and Bollinger bands, where LTC is at the bottom band for a month or so. I expect to see 120-130 in the next couple of months. I think we will be seeing 120-130 after drawing a trend line from the 6th of March in 2018 with a high of $180, to the 24th of January 2019, at a high of $140 and continuing this line into the coming months it shows we will see $120-$130 high.
I am very much a beginner and just want to make observations and learn from them! My simple analysis is for fun and learning, please do not make trading decisions based on my observations - like I said I am just a beginner.
Thanks so much for reading my analysis, please follow me and like my post!
- Max K.
Litecoinusd
Litecoin - All buy zones were hitHere is your game plan. As of today all of the buy zones I predicted back a month ago have been hit. If you committed a percentage of your capital to the coins I indicated you are in a low-risk high reward situation, CONGRATULATIONS you should be happy about this. NEO is still at a great place (In case you did not buy), NEO will double your money in just a few months It will hit $20.00 - $25.00. LTC is in a really good place and it will go down further so I hope you still have capital left to buy if it hits $57.50 or lower. To be clear all you need to do now is hold until LTC hits stiff resistance at around $140 or $200.00. LTC it has dropped severely since the high of 145.00 and it is yet to go through the death cross which will drive price down further. Again do not sell and just hold, your money is good with LTC and you will see a very nice return in the next few months. If you are still sitting on cash may I suggest BNBUSDT or ETH? Those two coins are very ripe and specially BNB which shall double your money in just a few months.
THE TREND: Going down just a bit more
THE OUTLOOK: Safe to enter but keep cash handy to buy more n case it drops further
Be safe and follow me to stay ahead of the curve.
Does Litecoin Have the Most Upwards Potential?Litecoin is showing a lot of bullish potential so long as it can hold this 61.8 level, which for the time being, seems like the most likely scenario. We can see that Litecoin appears to be consolidating right at this 61.8 level, and with that, building momentum. The 1 day time frame is looking strong on the Macd and we are getting a green bar on the Megalodon timer. If we turn towards our shorter time frame, we can see that we are currently receiving buy signals for Litecoin. This could be a good opportunity to start averaging your way into Litecoin.
The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! Click the link in my bio and try out the megalodon indicators today!
Litecoin / Bitcoin - The Heavens Await ( Long )After the down move we see the reversal and push back up over 0.0075 range.
Small sideways action over the evening but broke out as expected.
Expect larger moves to the up-side while bitcoin comes back to meet the trend line.
Target zone 0.0089 - 0.0095 range.
Target time ( 10 / 15 days )
Look for re-entry zones ( 0.007550 - 0.007680)
Is Litecoin the Best Buy in Large Cap Crypto Right Now?Looking at our 1 day time frame chart, we can see that Litecoin is sitting right about the 61.8 level on the fibonacci. We can also see that the Megalodon indicator is giving us a buy signal on our shorter time frame chart. It is important to keep an eye on Bitcoin to see what the market as a whole will be doing, but it is certainly not a bad time to be buying into Litecoin as it has great upwards potential being at the 61.8 level compared to Bitcoin for example sitting at the 38.2 level.
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LTCUSD formed bullish shark | Upto 39% profit potential ideaPriceline of Litecoin / US Dollar has formed a bullish shark pattern and entered in potential reversal zone.
RSI is also entered in oversold zone.
Volume profile of complete pattern is showing less interest of cryptocurrency trading at this area.
I have defined targets using Fibonacci sequence as below:
Buy between: 79.302 to 71.986
Sell between: 85.858 to 100.529
Regards,
Atif Akbar (moon333)
LTCUSD formed a shark pattern | Upto 25% potential tradePriceline of LiteCoin / US DOLLAR cryptocurrency has formed a complete shark pattern and entered in potential reversal zone.
The RSI is already oversold.
I have defined the sell targets using Fibonacci sequence plz find below:
Buy between: 85.330 to 81.050
Sell between: 91.005 to 101.533
Regards,
Atif Akbar (moon333)
LTCUSD Squat & HoldAfternoon everyone. Bottom line – I’m very bullish on LTC and have a long-term position that I’ve been building since early 2017. But…this is called TradingView, not InvestingView, so here’s what I’m looking at.
- The halving came and went without much drama. It was priced in over a month early in keeping with historical performance. Notable is that Charlie Lee said in an interview that the price run up is just traders front-running one another, which creates a self-fulfilling prophecy of the halving pump. Keep that in mind since we have the BTC halving coming up.
- I’m not super read in on the inner working of mining, but the block reward halving reduces the monetary incentive to mine at these prices. A percent of miners will switch to something else. The difficulty algo lags in adjustment. Looks to be reflected in price.
- The blowoff top in June corrected to the .618 fib as drawn from the breakout in February. I don’t give this much weight since I have yet to read a rulebook for drawing fibs, but it’s notable that it stopped there.
- .618 fib happened to have correlated with the 200 SMA at the time. Look where price is heading now.
- 5RSI is on the bottom half = bearish
- MACD fast average looks like it wants to cross the slow to the downside = bearish
Cool points to make…now let’s add the human part.
Price was a shit show during the last LTC halving since it was so new, so not many clues there other than to point out that there was a solid floor under it when it settled down. Then it took a couple years to gain some traction, and its yuuuuge rise came in a very short period. Sort of like silver does with gold. That tells me that the big profit portion of its bull market will be very difficult to get into on the front end with indicators, so being in position with a long-term eye is the best bet.
The 200 SMA or the .618 fib level look to be reasonable spots to establish such a position if you don’t have one already. If it drops more than 1.5x ATR below either of those, maybe it’s not such a great time to be buying LTC unless you absolutely don’t need the money and there isn’t a better trade (like silver).
If you must trade this…and I must, at some point, since I’m still allergic to money, I think reclaiming the 50 SMA will be key. Notice the 2JAN candle when price broke above it and the 8FEB candle when it took off. About a 300% gain if you followed the 50 SMA with a 1x ATR stop. The 50 SMA will have to level out and maybe point upward a bit for that to happen again, so don’t hold your breath for it given the current downward slope.
Keep in mind that the lower it goes, the more committed some people will be. Then it’ll hit the bottom, and they’ll sell there. That’s how bottoms are found. Don’t be that person. Try to be the one to buy it from them. If you see a massive capitulation that makes you think LTC is a dead project, that’s when you buy for value. Submitting the order should make you a little sick to your stomach.
So, there it is. Sit and wait. Could’ve done that without reading this, but hopefully this will sway you from over-committing funds before the downside runs out and not miss the buy-in when it presents itself. Good luck.
Time to Bail on LTC?We are receiving sell signals for Litecoin on the shorter time frame chart! May be time to take short profits. If we look at our daily chart, the MacD for Litecoin just had an EMA switch to bearish. This is no time to be buying, but if we look at the last bottom at 77.54 it is entirely possible that we may see a double bottom come in there, and if this happens, this may be a good support level to buy back into Litecoin.
The Megalodon indicator uses a machine learning algorithm, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! You will also receive real time buy and sell signals for the stock market, cryptocurrency, as well as forex markets! We also completed our cryptocurrency automated trade bot. It trades for you, using our backtested indicator with phenomenal results! So try it today!!!
LTCUSD - Situation before and after halving 2019After the previous halving of Litecoin’s block reward in 2015, its price increased by 400%. Should we expect a similar effect now?
On August 5, a block reward halving occurred in the Litecoin network on block 1680000, as a result of which the miners' remuneration halved. Instead of 25 LTC, miners will receive 12.5 LTC for each new block.
Litecoin is one of the earliest forks of Bitcoin, which has undergone through its second halving process, wherein at the block height of 1,680,001 broadcasted by the Antpool, the block mining rewards have been effectively reduced from 25 LTC to 12.5 LTC. Putting other things constant, the miners with older models like f2pool are about to face losses. The Litecoin price increased by around 13% in the last 24 hours before halving.
In order to understand a particular set of things that dictate how much of Litecoin would be released, and how and when the supply is reduced over time, leading to a phase where no new Litecoins will be released. Some experts believe that the reduction in the miners' remuneration, as during the previous halving, will force the price of the fourth cryptocurrency capitalization to rise upwards to new heights.
C&H and volume accumulation suggests LTCUSD due for rallyAs I predicted July 27 roughly 4 to 5 days before the LTC l halving; Price action was set to be doomed with miners receiving 1/2 in compensation— The appeal for LTCUSD fades As it is essentially a gimped BCH but Nonetheless every influencer with 100 million followers posted about how I have no idea what I’m talking about ( Despite over six years and I can’t even ballpark the thousands of hours I’ve been doing this religiously for over half a decade now..: ) that during a parabolic run “ there is no way that LTC or any other top five market cap coin will not see a surge in pricing as well. ..” and while they may be right in every other bull run, what makes this Different was the halving and Please do take note on emphasis of the literal words I’m using when I say top 5 coins im basically referring to BTC/BCH/LTC/ZEC And not all general cryptocurrency’s and if you don’t know what the difference between a Crypto currency coin into cryptocurrency token is then I can guide you to a “TLDR” oped I wrote a few years back and have since edited and revised a few times titled “10 Crypto Commandments”
Which if you do not deviate from and read it over carefully and let me reiterate not to sound like a broken record but I’ve had people complain that they follow the rules and try to blame me for losing money only to go over what happened and find out that they slipped up by deviating..
When I say do not deviate what I mean is My 10 Commandments is applicable to any Forex trading styles and Regardless of the EMA it even works for day traders And I’ve tested it hell I’ve memorized it and I still use it to this day and it yields about an 8.7/10 success rate on all entries with 96.9% accuracy in figures and timeframes with a 9.2/10 Success rate with 87.3% accuracy in figures and time frames and a staggering 9.9/10 Success rate with a 50-50 in figures/time for a bit when I mean by that is that my TA (Everybody’s technical analysis for that matter) Is not set in stone at the time of publication and is subject to change based on indicators and news anomalies other factors and so because other traders like myself are usually juggling between multiple platforms and possible portfolios It is simply Impossible For me to update and reallocate/re-calibrate figures and time frames for TA on every publication whenever said changes happen—- Especially in the market like this that is in its infancy, extremely volatile and never closes!
Factor in the fact that it’s a global market and you have an impossible situation where The only way your portfolio is 100% safe is if you never sleep which more often than not there during bull runs I end up doing (Load up on caffeine and nicotine— I Self in a lot of other traders on CT I’ve come to notice will be up all day for 3 to 4 days during the initial carry through and then set stop losses before adjusting alerts on my I watch/forward and taking a rest for some downtime usually timed right around when the market is oversold and we’re transitioning into alt-season— These 12 hours or so are critical as It is really the only time you have to rest before you have to be up at other three days to do the same thing you did for the bull road except for sniping off alts...Even if you do everything right there can still be some freak accident like some piece of crap fraudster or what happened with Binance today or In 2012 mt gov.
Why am I saying all this?
Not to be a Debbie downer who tries to tear anyone who has aspirations of becoming a forex trader themselves but to brace them for the painful and sobering reality that crypto trading is not easy money it is by no means a cakewalk and if you are looking for a pay day/lotto ticket that ship sailed with the early adopters and we are in the deep sea right now so it’s sink or swim.
I recall after the great crash at the start of crypto winter they put the national suicide hotline on the cryptocurrency sub Reddit that’s how bad things were for people were actually mortgaging their houses to fomo in.
So let this be a lesson to anybody that actually reads it— Yes I have made a healthy and prosperous sustainable living forex trading the past half decade and even during Cryptowinter for all of 2018 I have other measures in place to supplement my income such as mining/leveraging/margin/debugging++ I have other measures in place to supplement my income such as mining/leveraging/micro loans/Buy stocks and trade those/ Freelance development gigs either web development graphic design writing or even helping other token developers in that advisory or consultation capacity.
So the key take away from my rant over here is:
1) Always at your stop loss is always trade with your head and never your gut and do not ever be lulled into a false notion that this is easy money because you saw some dumbass tweet that he made 50 grand in five minutes ask yourself when you go to the casino and see somebody playing craps who happens to win 50 grand in 30 seconds does that make You rush over to play craps without any impulse or second thought? NO!! Absolutely not.
2) Because you’re just gambling at that point and once you start to lose more than You’re lot of threshold (covered in my 10 commandments - trade using the buffet model) People start to unravel and lose all sense of objectivity so the irony is the more money they lose rapidly the less likely they are to bounce back that I’ve seen this happened to even the most seasoned traders it’s psychological and has nothing to do with talent it is only human nature to panic when you see your hard earned money rapidly dropping, However remember that every drop has a bounce and While you will still take a hit if you can take a deep breath and take control of the situation you could wait for that bounce and then short at the top of consolidation resistance / support to mitigate a catastrophic loss into a “not so bad “ one.
Greed is the number one enemy of all forex traders.
You have to be willing to bite the bullet and take an L from time to time not every entry is guaranteed ROI and if greed is number one that would make pride fear and stubbornness 2-4 with 5) being impulsivity.
Not gonna bother including a disclaimer in this publication because I’ve basically written this entire oped as one lengthy extended disclaimer.
The human psyche is very weird. It’s common sense to buy low and sell high even people that don’t trade know that yet for whatever reason the influx of new crypto traders always come at the high-rise of the bullruns.
It is for this reason why I felt it necessary to include this link the disclaimer because we’re seeing a lot of tears and a lot of figures and projections being thrown out there but not a lot of accountability or foresight/forethought by these other traders that Some poor new trader might come along see how many followers you have and how many likes your TA yields and prematurely concludes “Oh there’s no way he could be wrong look at the number of people that think you’re right!” And dumps his life savings on What you and I and every other seasoned trader knows is merely speculation and an educated guess but We have Seen so many charts and drawn so many lines that We just assume that everybody knows that it’s a given. to those traders I ask you to try to reminisce to what it was like when you started trading and more specifically How bad it felt when you had your first real lost... And don’t tell me you never had a real big loss because every trader has or they are lying and if they aren’t lying they aren’t traders for The only way to maintain zero loss margin is to simply HODL, Which if you’re a person who’s working a full-time career with a family to take care of I would rather advise you to do just that than try to take on something that is unfortunately and undoubtedly very stressful and time consuming.
With that being said set your stop loss cup and handle emotion this is a short term sale/entry.
P.S. I used Siri voice command to Hit the little microphone button and talk into my phone to write this up at so forgive the little grammatical errors as I do not have time to proofread and I am not at my PC right now. When I get home before the Asian markets get Poppin I will make sure To update this publication as well as the other two I posted today with calibrated figures / timelines.
In the meantime, Take every traders opinion with a grain of salt— ESP my own! It could be overwhelming with a lot of people there with a lot of figures out there as a newb you’ll instinctively flock to the influencer Who has the most followers and subscribers but bear in mind that a lot of these guys just like myself started as tech / programmers and After discovery blockchain we learned to forex trade so Just because you see a video of an influencer Using a lot of confusing crypto/Blockchain related terminology and vocab does not make them Any better of a Forex swing trainer than the guy with 40 subscribers and 20 views— It just means they are more consistent and better content creators and if they aren’t giving you this whole spiel I’m doing it for you and for them and shame on them because they know what they’re doing is wrong.
Cheers. Peace and love.
@a1mTarabichi
Litecoin LTC Elliot Wave AnalysisHello Traders,
I am looking at Litecoin LTC from an Elliot Wave perspective in this analysis. From my count LTC has started its main wave 5. Price looks to have completed 5 waves up to make primary wave 1, we are now inside primary wave 2 retrace. I am expecting to see an ABC or ABCDE type retrace to the area marked in red. This area coincides with the weekly 50 and 200 MA's.
LTC to 47 USD : bearish Scenario : a must keep in mind scenariohey guys, in this analysis I'm bringing you litecoin `s bearish scenario just to keep it in mind since 95% of the analysts out there are screaming " moon moon moon "
Since I'm too lazy lol I decided to explain everything on the chart. please take your time to understand my point, thanks in ADVANCE.
Nothing I'm sharing over here is a financial advice.. its all my opinion and you're 100% in control of your assets. PEACE
PS : you can check my youtube channel over here www.youtube.com
Litecoin much weaker than Bitcoin NO Long signal 1HR#Litecoin #Bitcoin #Ethereum
Hello to all watching my charts
If you check the Litecoin and the Bitcoin chart
its interested that in Litecoin there is no long
signal yet.
I have brought you here all highs as resistanced
with black arrows here.
It is to mention that all arrows are lower and lower
What we do need for a trendchange to long
is a jump above the
107.00 USD range
It could little bit see as a adam and eve formation but NOT
fullfilled , cause right should is not really there.
So i suggest to stay out and stay Neutral here.
Wait until we will see jump above 107 or not.
Good trades
If you want to support my work and my charts,please like them..
Renkotrade
LITECOIN HALVING IN 1DAY AND 17 HOURS - WHAT TO EXPECT?Welcome back everybody,
Litecoin halving event is in around 2 days. We could probably see some bullish moves during the weekend. It is a horrible time to go long for the longer term.
But, shorter term traders can have really nice opportunities as shown in the video.
Feel free to let me know what you think about Litecoin.
Thanks for the support Megalodons.
I appreciate you all!
~Bo
Megalodon Trading
Enlightening the modern investors
Boy Would I love some Sub-$50 LitecoinAs with many other altcoins, Litecoin looks to be finishing up its B wave before correcting much further to the downside. The LTC halving has been a sell the news event and I would expect that to continue until Bitcoin finds its footing.
RehabRent references an opinion and is for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Like this? Check me out at twitter handle: RehabRent
Keeping an eye on Litecoin..Litecoin broke above this descending support line, an important move, but it did so without convincing momentum.
Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet.
It bounced off the 200EMA. Now hovering around the 100EMA.
Litecoin halvening is a few days away but it is generally believed that this is already priced in ('buy the rumour, sell the news').
Keeping an eye on it as a pump is always possible.
LTC; What might happen next ?Welcome, this is my view on Litecoin at its current market state.
This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level.
On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its resistance level. Also the halving often leads to psychological bull market sentiment. Stay cautious because many people are buying in, but market makers (whales/smart money, ect) might say otherwise.
I would like to see a consolidation of the golden .618 fib level act as huge support for further movement upwards. Just my two satoshis ! :)
LTC to 31 USD bearish scenario55 EMA crossing 200 SMA on the DAILY time frame
what we are seeing is a charge in behavior and LTCUSD is probably going down to previous lows ( 30-42 ) IF the following happens : 55 EMA cross 200 SMA followed by the death cross ( 50 EMA crossing 200 EMA )
I know its too early to take this scenario into consideration but its important to keep this in mind and I give it 50.1% chance.
PS: when trading moving averages i put more weight on the EMAs.