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I'm going down down baby, your street with LTC!!!Good Afternoon, and welcome to my next update on LTCBTC ! Litecoin has preformed exactly like I expected and if you saw my last post you will notice I tried to warn you when we reached the price of $230 that we were headed down. I would like to point out a few lines that I have drawn on the RSI and the ROC and compare that with what the MACD is doing as well. The first lines are from 2/8 - 2/13 and indicate that both the RSI and the ROC are producing higher highs while the MACD is converging nicely together all while staying above the signal line. This was right before the big jump on 2/14 and where we saw our most recent high. Recently we have seen the RSI and the ROC producing lower lows all while the MACD has fallen below the signal line. The ROC has started to turn which is good but we need to see it crossover the signal line (0), AND we need to see the MACD begin to turn as well. IF we can see the MACD turn even while the price is still dropping this could signal a bullish reversal however I will not be convinced until we see a crossover. Right now, from looking at the indicators LTCBTC is holding the first support at the moment which is good. IF you wanted to take the risk now would be a good time to buy to get the most reward, HOWEVER we could still go lower so setting a stop loss below this support would be wise. IF we break this support we could tumble quickly to the second support line I have drawn in the chart. The next several hours will be critical to see what happens.... Will LITECOIN hold the support we are at and bounce up ... or will we go down down?? I would like to point out LTC is still within my large ascending triangle which we could still touch the bottom of again. I do expect LTC to break out of this triangle eventually and set a new support at the top, this could be month(s) before this happens or until new news of LITEPAY (actually coming out happens, haha)! Any and all comments are welcome! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
by dustyPH
2
Can LTC find new highs?!?Yes, another post on LTCBTC ! Just wanted to get this out to show what we are seeing on the STOCH RSI, RSI, and CCI on a 4 hour mark. All 3 are beginning to fall which could show signs of weakness and being oversold. We have had another rally but could not reach the previous most recent high of .02490. We topped out around .02381 and we have started to fall again. We could see LTCBTC fall back to test the green uptrend channel around .02000 or even touch the support line again around .01947 - .01975. If it hold this and bounces off the support we could see another rally up and I expect to break the resistance line and find a new high, IF it were to fall below we could see a fall back to the second support line. ALSO, today is supposed to be the release of LITEPAY, should make for an interesting day! Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
3
Who's down with LTC (yeah you know me)Looking at the latest ups and downs of LTCBTC over the past week we can still see it looks as though the support zone that was identified in my last analysis is standing. In this chart we can see 3 support levels and 3 resistance levels that have been identified. Definitely seeing mixed signals as to which direction it will go but lets keep a close eye to see if it we will keep the support level we have currently. Not that it means anything... but, I find it interesting that where the small downtrend channel meets and intersects the current support line is on the 26th which is the day LitePay comes out! Coincidence?? Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
LITE-ing the way - LTCSee the light in LTC (LitePay launch in 6 days) Here are my thoughts on [ LTC/BTC and where it will go in the next few month. I think this is just beginning to find its support around the .02 range and will dance around there for a while. It looks to me like we are forming an Ascending triangle in which often resolves to the upside with the rising trend-line eventually overcoming the overhead resistance. I believe that LiteCoin will continue to progress upward, break the resistance of this ascending triangle and find new support at the top of this triangle. However, we need to watch very closely in the next few days to see if this support can hold, and also what BTC will do as if it begins to fall it could pull LTC/BTC with it. I am a big believer in LiteCoin but I am only basing this off what I see in the charts and I will be monitoring this closely to see this support hold. Also, LitePay is still confirmed to be released on the 26th next week! This will be a game-changer. "LitePay users will be able to convert litecoins to dollars and vice versa through the Visa-compatible LitePay cards, which can be used at all cash points or business that support Visa payments. The LitePay Visa card can be used wherever Visa cards are accepted and takes the money directly from your Litecoin wallet. LitePay will charge a flat 1% fee per transaction, compared to standard credit card fees which are around 3% and the BitPay transaction fee of $5 dollars per transaction." Happy Trading :) Much Love DustyPH ***This information is not a recommendation to buy or sell*** *Please leave a comment and let me know what you think!
Long
by dustyPH
Litecoin LTC Airdrop FAIL but 150% Possible (LOW RISK)After a scam airdrop which failed to increase price, we will most likely see a price decrease, taking into account EthereumClassic airdrop that will occur on block 5,500,000 - more investors move there. We will most likely see a fall to that area shown on chart before coming back to ATH. I will have more updates on this chart for member and anyone who follow! Do not invest what you can't afford to lose. We are not your financial advisors.
Long
by CryptoManiac101
4
Potential BULLISH move on Litecoin [LTC/BTC]Litecoin gonna move, we don't know where though There is a higher probability of litecoin moving bullish again, as the indicators show. Rsi neutral. SQZMom looking to turn bullish and extend after squeezed period. ADX and DI don't show anything apart from there is no correlation of current direction. Market Bottom indicator has just indicated a market bottom, and this is usually generally accurate in these trending markets. MACD Bullish crossover, potentially looking to build. MA flattening out. Could still break out downwards at the end of the FIB line/resistance. More indicators pointing to bullish than bearish but just wait for confirmation always. Targets would be the 3 FIB zones above of 22.1k, 22.8k and a final tier of 23.7k. Will drop back down to accumulation resistance potentially if bearish breakout or bottom of retracement. Sorry this has been short, just trying to keep it concise. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like. It really helps out :D ~Xander
by XanderCrypto
LTCBTC ready to burst?With the upcoming release of LitePay on the 26th we can wishfully assume/hope that LTC is finalizing its correction and is gearing to do another spike in price as the launch date climbs ever closer, Be careful with this coin however as we have seen in the past (with almost every crypto) whenever theres a price spike out of hype there is a fall and correction that follows it almost immediately afterwards. If you have decided to enter in LTC be VERY cautious with what this crypto does as we near the 26th. We have a potential to make a quick and easy 20%+ but be very aware that the coin will be doing another correction following the hype spike that litepay is going to cause
by gloomog
Litecoin 50% Fib sell off as expected. Next 61.8?Guys today we saw Litecoin selling off from the 50% Fib level. It is common for Algo s to sell off the 23, 38, 50 and 61.8% fib levels when the market recovers from a down trend. This may sound chinese to you but just imagine the downtrend we had since december. A fibbonacci level is drawn from the All Time High to the Bottom of the retracement we saw. the levels represent 1 to 100 % and each level in between creates reaction. In this case, in crypto especially we see that when the markets recover from a deep low, that algos tend to sell each and every touch of such a FIB level up until the 61.8%. Once we break the 61.8, and we RETEST on the upper side of the 61.8% line, algo s tend to BUY again as a resumption of the overall uptrend. Trading these levels can be very rewardin but you need to know what you are doing and set LIMIT orders. Dont sit there watching it thinking, ohw it will blast right trough it. It most often wont. And if it does it will come back down to retest the level it broke and you can still FOMO in if you cant handle your emotions. so have we seen the bottom? Yeah on Litecoin i m pretty sure, last sell off on BTC Made litecoin create a double bottom and not a lower low telling us litecoin is holding up strong compared to Bitcoin. It are great times, the traders market is coming back and we can recover from losses or a quiet time depending what your position is in the market. Watch these levels, hold if you re not comfortable or use stoplosses. But its an easy to understand strategy. Just dont overtrade, trade the major levels only. I trade Altcoins and Bitcoin 6.67% 1.55% 5.23% on these exchanges because they are the most secure, easy to use and lowest fees on the market: Binance: (ALL Altcoins to trade here!) www.binance.com Coinbase: (get up to 10$ free CREDIT if you use this link ;) take care) www.coinbase.com
BITFINEX:LTCUSD
by BTCryptowatch
LITECOIN LTC Scam Airdrop Will Move Price UP (HIGH RISK)Litecoin LTC will be having an airdrop of Litecoin Cash which the developer of Litecoin labeled as pure scam and at this point we are of the same thinking. HIGH RISK FOR SHORT TERM TRADES Source - goo.gl We are personally staying away from this trade. We do have Litecoin in our portfolio, but will not be adding on due to this airdrop - ETC airdrop is much more important then this. Do not invest what you can't afford to lose. We are not you financial advisors, if you don't know that already!
Long
by CryptoManiac101
10
Litecoin Retrace to $190 then rebound to $230 regionI don't write about Litecoin much or give analysis. But here I'm going to. It is interesting how news of a fork made Litecoin jump when other coins in the same situation didn't, even after Charlie Lee said the fork was a "Scam". Although, I think we are missing the bigger picture. Litecoin has weathered many of the political storms that other coins haven't. Bitcoin itself has its capabilities being questioned. I think there is much utlity in Litecoin and is good for holding without worry about how to use. In short, it is a reliable crypto to depend upon and is underestimated. I see it retracing to $190-$180 level then going forward to $230 target. This is along with general market movement. But Litecoin arguably started this mini rally.
BITFINEX:LTCUSD
by baronbloe
4