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LTC/BTC 3/27Noticed this pattern with the LTCBTC pair. These patterns often have anomalies, outliers etc that can disrupt time intervals and construe certain price points, but for the most part they seem to stick true to where they should land. So with that said, see a plethora of symmetry when I work on LTC graphs and there are a few of indicators here that suggest we could be seeing a near to this down after a time of consolidation (my proposed ABC wave). As for now I will wait to see a break below this .17 level to assume further downside and the possibility of reaching the .786 fib level as shown Thank you
by acapo74
2
Watching LTCLitecoin has caught my eye during the past few days... while most altcoins/bitcoin pairs sold off during the btcusd drop, litecoin has held strong. I have seen recent media articles questioning the profitability of btc miners should the price continue to fall... is fear in the air? What-if worst case scenario: btc drops below mining profitability, miners switch to alts and the btc network begins to slow/stop. Is this (hopefully distant) possibility generating interest in litecoin as the next best alternative? The action in litecoin has been interesting this week. The previous resistance of the large ascending triangle has become support. Price has recently respected (twice) the long-term bold support line formed between December's low and February's spike down. If this support continues to hold, we could be at pivot point where price may suddenly spring higher. This could be fueled by panic in the bitcoin markets or any other reason that reveals litecoin may be underpriced relative to bitcoin. Or litecoin could breakdown out of the support and signal much further moves downwards... Despite bearish divergence between the last two peaks in the 24H MACD, there could also be some weak hidden bullish divergence between the two bottoms. 24H RSI appears to have already broken out, and could be hinting at the momentum for the next move. In the shorter 6H time frame, litecoin is forming a symmetrical triangle, also strongly shown in the MACD and RSI. Up or down, either way, litecoin is at a critical cross-roads. Watch closely for the next several days for additional clues. Something has to happen soon...
by Yrat
Litecoin uptrend continues vs BitcoinI drew this line about a week ago. I was blown away to see that it upheld when I just loaded the chart. Very bullish on LTC. Looks like the hype and the constant development & news is working out well. Things like mainstream atomic swap wallets, atomic swaps on lightning network, schnorr signatures, and privacy features... have still YET to be implemented from the roadmap. This is definitely a long term hold. But remember that BTC is getting rekt right now. Protect your capital. Happy Trading. -SJ
Long
by saadcrates
Litecoin - The Quest of the Ascending TriangleLooking at the BIG PICTURE and the long term for LTCBTC we can see this beautiful ascending triangle we have been forming since early December 2017. I have two lines on the upward slope indicating 2 possible scenarios for this to fulfill. Currently as we speak the DMI is oh so close to touching but the + is still on top. The ADX is above our signal line showing strong support of the trend, and the RSI is still holding on my upward line showing we are still seeing higher lows. Keep in mind, this is LTC/BTC. So not to confuse anyone, but we can drop on this chart and the price of LTCBTC can still go up in dollars, all because of the price of Bitcoin. This shows growth with Bitcoin and how Litecoin reacts with it. Currently Bitcoin is going up and LTC is staying around the $185 - $190 mark and that is why on this chart we are dropping. (or vice versa, if Bitcoin price falls and Litecoin stay roughly the same price we will still Litecoin go up on this chart) This can be used as a good indication as to how Litecoin will react to Bitcoin and shows when we reach a certain level we can expect/ anticipate/ predict/ forecast/ etc. what could happen next. We need to see LTCBTC bounce off the support here and see the Directional Movement stay as it is and NOT cross. This will help show strength in Litecoin and we should then begin to see stronger price movement perhaps back up above the $200 mark. Thank you for taking the time to read! IF I get 15 likes I will post an update! Happy Trading :) Much Love DustyPH *all comments are welcome* ***This information is not a recommendation to buy or sell***
Long
by dustyPH
LTC/USD - 3/7/2018Good Morning, Traders! LTC/USD is in a very good position on the 4hr chart. The first thing I noticed was that price was traveling along 2 trend lines that have been accurate since mid-February and is now approaching a safe zone to buy. This zone has support in the 61.8% fib retracement level, the support level of 191.86 and arguably the psychological support level at $200. The RSI indicator shows that LTC/USD is being heavily oversold. This supports the claim that the price is currently in buy/entry zone without much worry that the price will continue to be oversold at higher rates considering the support that is present as well. As the price escapes from this channel once again, there is a very strong resistance level at the price of $213 which I believe could be the cause of a reversal of momentum. Along with this level, are the leading span A and B of the Ichimoku cloud that will also act as resistance. Important Resistance Levels: $220.59, 213.80 Important Support Levels: $191.87 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
COINBASE:LTCUSD
by EQBM
Litecoin is an attractive buy right nowCryptocurrencies are hard to analyze for the fresher, at first. But then similarities between technical analysis between traditional instruments and crypto become apparent. Litecoin is one of those cryptocurrencies that is easy to use, has a loyal following, and works. Although achieving a high of nearly $360, Litecoin has descended into a double flag pattern. Both not indicating which direction it will go. Although most argue that it could hit $260 easily. I se Litecoin unveiling further developments affecting the coin's future in a positive way. Buy. Exit around $320-330.
BITFINEX:LTCUSDLong
by baronbloe
Going down down baby, your street with LTC! (PT. 2)Good Afternoon. Just wanted to put out a quick snapshot on LTCBTC . Currently, looking at the DMI, the -DM and the +DM have touched and tried to cross 3 times recently, but it has failed to do so signaling failed attempts to break out. All the while the ADX has stayed relatively low showing there is not really a trend going on here. If you look on the RSI we can see we are producing lower lows and still trending in an upward motion while the price continues to drop. This can signal a bullish divergence when the RSI is holding above it's prior low while the price is moving to new lows. These tend to be more robust after an oversold reading which is what we saw on 3/2 on the RSI chart. SO, by looking and analyzing the DMI and the RSI we can see that even though the price is dropping at the moment we are still showing signs of strength, and our support line is holding. IF LTCBTC were to fall below this support line we could head south quick, but if we hold here we could see a nice bounce back up to the next support/ resistance line of around .0195. Also, keep an eye on the RSI, if we fall below our most recent low or below the trend line this could be a bearish signal as well. If you wanted to take the risk you could buy with setting a stop loss just below the support line. However, waiting to see if we can break above the support or below to confirm which direction we are headed is ultimately be the best move for now. Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell***
Long
by dustyPH
1