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Ltcusdshort

LTCUSD to possibly continue selling off: Short tf (4hr) analysisI have updated and used the Elliott wave principle in this post to model the price action of LTCUSD. Chart patterns for LTCUSD annotated and the comments I gave can be found in this post: Currently, LTCUSD is shaping up as a double zigzag Elliott wave structure (A-B-C-X-A-B-C). The implication of this is that the minimum target for LTCUSD is the price low of ~$106.52 made on Feb. 6,2018. I have also indicated a possible entry point on the chart as I expect a quick bounce to the $201 area after which price should continue downwards. POI = (Point of invalidation) i.e. I do not want to see price of LTCUSD close above ~$214. Price close above $214 would warrant a review of this analysis. Using the ideal scenario above gives a risk of ~ $13 (i.e. $214 - $201) Using the low of Feb. 6, 2018 as target for profit, reward= $201 - 106 = $95 Risk/reward ratio= $95/$13 = ~7.3:1
BITFINEX:LTCUSDShort
by Coin_Analyst
Litecoin has made a bearish exit, potential drop!LTCUSD has made a bearish exit signaling that we could be seeing a change in momentum from bullish to bearish. We’re seeing 1st major resistance at 215.03 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a strong drop from here could drive price down to 188.20 support (Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 92% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
4
LTCUSD at a crossroads- Short tf (4hr) analysisLTCUSD resumed an uptrend on the 4hr tf from a price of ~$107.63 on Feb. 6, 2018 and the progress of the uptrend so far is indicated by the uptrend line in red. LTCUSD looks like it is forming a top that I have marked as a possible complex Head and Shoulders top . However, I only annotated the chart to show this topping chart pattern, price must close the neckline (in black) for the pattern to be CONFIRMED as a complex Head and Shoulders top.If price closes below the neckline, the projection of the likely termination point of LTCUSD is marked by the vertical purple lines. The projection, if the neckine is actually broken should see LTCUSD sell off to about ~$155 area. This is close to where support is for LTCUSD. Support as I drew on the chart is between $154.63 and $142.15. Failure to break below the neckline could possibly lead to a continuation of the uptrend and the pivot of invalidation of the supposed complex Head and shoulders top is a price close above ~$252.86 (the head of the chart pattern)
BITFINEX:LTCUSD
by Coin_Analyst
2
BULLISH LITECOIN in IMPULSE PHASE.Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Suppose, that first bulish impulse is over. Present time, we should see decline in form of correction to retest the prices 170 - 160 - 140. (invalidation 252.27) Then it will be a greate opportunity to participate in bullish rally! Powerful Traders decisively take a long position for 400$; "Short term target": 240 - 260$; "Middle term targets": 300 -320$; "Long term targets": 370 - 400$. (Teh main invalidation for all targets is 103.90) Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSDLong
by POWERFUL_TRADERS
5
Litecoin shooting up nicely, good upside potential!Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 (Fibonacci retracement, horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong ascending support hold up our bullish momentum well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
2
Litecoin forming a consolidation pattern,prepare for more bounceLitecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
Litecoin shot up perfectly as forecasted,potential for more rise Litecoin has shot up perfectly as forecasted and hit our major resistance level before slowing down. Another rise could occur above 214.38 support (Fibonacci retracement, horizontal overlap resistance) to push price up further to 264.42 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is clearly above our major support lines which will maintain our bullish bias until broken Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
2
LTC Ascending Wedge Followed by PullbackHey guys so I'm a beginner analyst. I've been studying technical analysis for about 8 months and I'm starting to put it into action. I'm looking for experienced opinions, advice and criticisms on my ideas. It's one thing to study something and believe you have an idea of what you're doing, but its another to put it into action, therefore, I would really like some opinions of where I might be wrong on this analysis and also where I might be right. So after LTC's big bull run last night (signaling a reversal on the primary trend in reference to the Feb 4th high on the day chart) volatility is winding down. This is forming an ascending wedge signaling a pull back of the bull run. I'm looking for support at the 33%-50% marks. Is it to soon in the trend reversal to look for support at the 50 and 100 MA's? Again, I'm looking for advice, tell me where I'm wrong, tell me where I might be right, give me some advice if you have any, thank you all!
BITFINEX:LTCUSD
by jgoston96
1
Litecoin testing major resistance, watch for the break!Litecoin is testing major resistance at 172.58 and a break above this level could trigger a move all the way u p to 213.62 (Fibonacci retracement, horizontal overlap resistance). We do have to be careful about strong intermediate resistance at 196.16. We can see a bit of a squeeze happening too with our ascending support line pushing price up steadily against the major resistance at 172.58. RSI (34) sees major resistance at 62% where a break above could trigger a change in momentum to bullish and open a bigger move up. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
LTCUSD has reacted nicely from descending resistance,keep watch!LTCUSD has risen to our long term descending resistance line, tested it and started to react nicely off it. The overall momentum remains bearish and our first major resistance is at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) where further bearish momentum could drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of bearish momentum to this setup. Stochastic (34,5,3) is dropping nicely from our 99% resistance with good downside potential. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
1
LTCUSD approaching major resistance, prepare for potential drop! LTCUSD has risen to major resistance at 149.41 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to drive price down to at least 108.41 support (Fibonacci extension, horizontal swing low support). Our long term descending resistance line is also adding a lot of bearish momentum to this setup. Stochastic (21,5,3) is seeing major resistance at 99% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
1
Litecoin has reached our support as expected, prepare for bounce Litecoin has dropped further as expected and is now testing first major support at 135 (Fibonacci extension, horizontal swing low support) and a bounce could occur at this level to see an intermediate corrective bounce up to 165 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing major support above 5.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
1
Litecoin testing major resistance, watch for a reversal!Litecoin is now testing strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate resistance at 53% where a corresponding reaction could occur. Similarly with price, we have to watch our ascending support line as only a break of that would trigger a potential bearish acceleration. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
Litecoin consolidating strongly for a potential dropLitecoin continues to test strong resistance at 183 (descending resistance line, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 167 support (Fibonacci extension, horizontal swing low support). We have to keep an eye out on our ascending support line as only a break of that would signal a stronger potential bearish acceleration downwards. RSI (34) sees intermediate descending resistance which is in line with the descending resistance we are seeing on price too. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
6
Litecoin approaching major resistance, watch for a drop!Litecoin is rising slowly towards major resistance at 214 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to at least 144 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a possible corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
1
Litecoin in a bearish channel, watch for the break of support! Litecoin is in a descending channel with first major support at 167.12 (Fibonacci retracement, horizontal swing low support). Only a break of this support could trigger a bearish move down to 140.49 support (Fibonacci extension, horizontal swing low support). RSI (34) is in a descending channel similar to the one we’re seeing in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
LITECOIN GLOBAL FORECAST 2018yHello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Short term targets: 240$ - 250$; Middle term targets: 300$ - 320$; Long term targets: 400$ - 450$. Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSDLong
by POWERFUL_TRADERS
Litecoin on major support, prepare for a potential bounce! Litecoin is seeing major support above 222.06 (horizontal swing low support, bullish divergence, Fibonacci retracement) and a strong bounce could occur at this level to push price up towards 244.57 resistance (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.6% and also sees bullish divergence vs price signaling that a potential reversal could be impending. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDLong
by Tickmill
9
Litecoin above major support, watch for the break down. Litecoin is holding well above our ascending support line. The key idea is to wait for the break of major support at 249 (ascending support, horizontal overlap support) and this could trigger a bearish exit towards 223 support (Fibonacci retracement, elliott wave projection, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a potential corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:LTCUSDShort
by Tickmill
3
Litecoin explosion is over! Short and buy back cheap! Risk: low/medium Litecoin has exploded recent days. We need to see a correction next days. We have signal to correct further, if we close below 287. Be aware that 50MA (Purple line) is a resistance. We have already tested that line once. Sell: Below 287 (Activated if an hour candle closes below this level) Resistance: 276 (50MA) Here's the plan: Target 1: 245 Target 2: 230 Target 3: 210 Target 4: 192 (If coin drops further) Note: If we go up once again, we will sell around 330/320 levels, we can then add an extra target: 290. After the short there will see chances to buy back litecoin at low levels, I'll keep you posted about that. Let's play this game and maximize your profits! Please, follow and like for more trading ideas. Questions? Just ask and your feedback is welcome. Good luck!
BITTREX:LTCUSDShort
by Trades999
5