LTC IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LTCUSD
LTCUSD 1D Public RoadMap Valuationtest
Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin's original source code. Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use.
LTC IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The Macro Defying Litecoin Bullish Crab ContinuationLTC after reaching the Bullish Butterfly profit taking target, has pulled back and developed another Bullish 1.618 Harmonic in the form of a Bullish Crab at the 200 Day SMA and Support Zone. If things go like last time we will see LTC trade at these levels for a few days before going for another Higher High eventually.
🚀 LTC IS CRAZY!Locally, the coin is under a downtrend (red descending line). In case of breakdown of this line, we will see a hike to the level of $88.
$88-93 are key resistances. Pay attention to what volumes are concentrated at these levels.
I highlighted the supports with orange lines. We will observe the reaction at these levels. I will go long from these levels with a small volume (I will reduce the risk, since in general we have a lot of limits set now).
Usually, Litecoin skillfully works out breakdowns of dynamic lines. Let's see what happens this time.
Elliott Wave Sequence in Litecoin (LTCUSD) Calling More DownsideCycle from Feb 16, 20223 high in Litecoin is in progress as a zigzag Elliott Wave structure. Down from Feb 16, wave ((a)) ended at 90.05 and rally in wave ((b)) ended at 98.33. Internal subdivision of wave ((b)) unfolded as a zigzag in lesser degree. Up from wave ((a)), wave (a) ended at 96.02 and pullback in wave (b) ended at 92.75. Third leg wave (c) ended at 98.33 which completed wave ((b)) in higher degree. The crypto-currency has resumed lower in wave ((c)) with subdivision as a 5 waves diagonal.
Down from wave ((b)), wave i ended at 96.4 and rally in wave ii ended at 98.20. The crypto-currency extends lower in wave iii towards 93.91 and wave iv ended at 95.46. Final leg wave v ended at 85.85 which completed wave (i). Rally in wave (ii) ended at 91.71 with internal subdivision as a zigzag. Up from wave (i), wave a ended at 90.73 and dips in wave b ended at 87.50. Wave c higher ended at 91.71 which completed wave (ii) in higher degree. The crypto-currency extends lower in wave (iii) towards 84.01 with internal subdivision as a 5 waves. As far as pivot at 98.33 stays intact, expect rally in wave (iv) to fail in 3, 7, or 11 swing for further downside.
Whether or not the price defense will be successful is the keyHello?
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The key is whether the price can sustain the price by rising above the HA-High indicator on the 1W chart.
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(LTCUSDT 1D chart)
You need to make sure you are supported and able to ascend near 85.91, the lower point of the ascent channel.
If not, you should check for support around 74.32-81.33.
As long as it does not fall below the long-term downtrend line (1), we expect it to continue its uptrend.
In order to continue the full-fledged upward trend, it is expected that it will start when it rises above 89.95-100.50.
Looking at the 'Vol & Trend' indicator, it shows that the selling force is increasing while the trading volume is showing sideways.
Therefore, I think it is important to have support around 85.91.
If the selling force continues to rise, there is a possibility that it will fall out of support around 85.91, but for now, we can see that the price is well defended.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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LTCUSD - looking for trend continationI am looking for a signal to go long if price gets to the s/r zone.
This is also bullish on the daily t/f.
Will switch to H1 time frame to find a reason to go long.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
#LTCUSD - A 30% Drop Before Rising Up?Coming off a fresh rejection off the descending resistive trend line we've received a Sell signal from CTv2, there's around 30% drop until price would meet support at an intersection of ascending trend lines and a historic SR level. This is our target!
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Litecoin to extend losses?Litecoin - 24h expiry - We look to Sell a break of 85.77 (stop at 88.27)
Short term momentum is bearish.
There is no indication that the selloff is coming to an end.
A break of the recent low at 85.93 should result in a further move lower.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our profit targets will be 79.77 and 78.77
Resistance: 89.11 / 90.00 / 91.50
Support: 87.50 / 85.93 / 83.50
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LTC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You