LTCUSD
LTCUSD $100.00 breakout supportLitecoin has followed the broader cryptocurrency market lower this week, with the sixth largest crypto so far finding technical support from the $96.50 level. The $100.00 level is still seen as major breakout support on both the four-hour and daily time frames. Bulls need to rally the cryptocurrency towards the $120.00 level to negate the bearish double-top pattern formation on the four-hour time frame.
The LTCUSD pair is only intraday bullish while trading above the $110.00 level, key resistance is found at the $120.00 and $135.00 levels.
If the LTCUSD pair trades below the $110.00 level, key support is found at the $96.50 and $85.00 levels.
LTCUSD $110.00 pivotLitecoin has started to trade lower after hitting $120.00, with the sixth largest cryptocurrency so far finding support from the $100.00 level. The LTCUSD pair now needs to break above the $110.00 level to encourage new buying towards the $114.00 and $120.00 levels. The Ichimoku indicator on the four-hour time frame is showing that the $110.00 level is major support before the $90.00 region.
The LTCUSD pair is only bullish while trading above the $110.00 level, key resistance is found at the $114.00 and $120.00 levels.
If the LTCUSD pair trades below the $110.00 level, key support is found at the $100.00 and $90.00 levels.
LTCUSD breakout underwayLitecoin has moved to a fresh 2019 trading high after buyers performed a bullish weekly price close above the psychological $100.00 resistance level. The LTCUSD pair has ignited a bullish pattern on the four-hour time frame and may soon target towards the $125.00 level. Sellers will need to force price back under the $100.00 level to change the strong intraday bullish bias surrounding the cryptocurrency.
The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $125.00 and $135.00 levels.
If the LTCUSD pair trades below the $100.00 level, key support is found at the $94.00 and $85.00 levels.
LTCUSD bullish above $85.00Litecoin is holding above major technical support in early Tuesday trade after the sixth largest cryptocurrency by market capitalization was rejected from just above the $100.00 level. If LTCUSD bulls can hold price above the $85.00 level another test of the $100.00 level seems likely. Overall, the bullish inverted head and shoulders pattern on the four-hour time frame still has an upside target of at least $130.00.
The LTCUSD pair is only bullish while trading above the $85.00 level, key resistance is found at the $100.00 and $130.00 levels.
If the LTCUSD pair trades below the $85.00 level, key support is found at the $77.00 and $70.00 levels.
LTCUSD faces formidable resistanceLitecoin is once again testing towards the best levels of 2019, with the sixth largest cryptocurrency facing formidable resistance from the $100.00 level. The Ichimoku indicator is showing that the LTCUSD pair is pushing through cloud resistance on the weekly time frame. Sellers need to move the price below the $77.00 level to shift the current bullish bias surrounding the LTCUSD pair.
The LTCUSD pair is only bullish while trading above the $77.00 level, key resistance is found at the $100.00 and $130.00 levels.
If the LTCUSD pair trades below the $77.00 level, key support is found at the $65.00 and $58.00 levels.
LTCUSD bullish above $75.00Litecoin is attempting to move higher in early week trade after the sixth largest cryptocurrency by market capitalization was given a boost by the latest strong rally in Bitcoin. The LTCUSD pair only has an intraday bullish bias while trading above key technical support, at $75.00. Bulls will soon need to break the former monthly trading high or the LTCUSD pair may come back under downside pressure.
The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $85.00 and $99.00 levels.
If the LTCUSD pair trades below the $75.00 level, key support is found at the $65.00 and $58.00 levels.
LTC / USD Price Analysis: Bearish RetraceLTC / USD Short-term price analysis
LTC has a bearish short-term trading bias, with the LTC / USD pair now creating bearish lower lows and trading beneath its 200-period moving average on the four-hour time frame.
The bearish double-top pattern formation on the four-hour time frame continues to weigh on short-term trading sentiment with the LTC / USD pair so far finding interim support from the $68.00 level.
The four-hour time frame shows that key upcoming short-term support is located $60.00 and $54.00 levels.
Pattern Watch
Traders should note that a large inverted head and shoulders pattern remains present across the four-hour time frame.
Relative Strength Index
The Relative Strength Index is bearish on the four-hour time frame, although it is now attempting to recover from oversold conditions.
MACD Indicator
The MACD indicator is neutral on the four-hour time frame, with the MACD signal line and histogram failing to generate a clear trading signal.
LTC / USD Medium-term price analysis
LTC still has a bullish medium-term trading outlook, with the cryptocurrency trading well above its trend defining 200-day moving average.
The daily time frame shows that the LTC / USD pair is retracing lower after the recent upside rally created a much larger inverted head and shoulders pattern.
Key technical support on the daily time frame is currently located at the start of the April bullish rally, around the $60.00 level, and the pair’s 200-day moving average, at $50.00.
www.tradingview.co
LTC / USD Daily Chart by TradingView
Pattern Watch
Traders should continue to monitor the neckline of the bullish inverted head and shoulders pattern on the daily time frame.
Relative Strength Index
The Relative Strength Index is bearish on the four-hour time frame, although it is now attempting to recover from oversold conditions.
MACD Indicator
The MACD indicator has turned bearish on the daily time frame, with the MACD signal line continuing to issue a sell signal.
Conclusion
LTC is still under pressure in the short-term, with the four-hour time frame highlighting that the near-term sentiment towards the LTC / USD pair is still bearish.
The daily time frame is still showing that the inverted head and shoulders pattern remains valid, while the $50.00 level is the key downside area to watch over medium-term.
LTCUSD $65.00 major weekly supportLitecoin is struggling to move higher on Wednesday, as the sixth largest cryptocurrency by market capitalization failed to rally alongside Bitcoin on Tuesday. The LTCUSD pair is still trapped within a bullish descending triangle pattern on the daily time frame. Overall, the LTCUSD pair still has a bullish weekly trading bias above the $65.00 level, which is the neckline of the large inverted head and shoulders pattern.
The LTCUSD pair is only bullish while trading above the $65.00 level, key resistance is found at the $85.00 and $100.00 levels.
If the LTCUSD pair trades below the $65.00 level, key support is found at the $50.00 and $45.00 levels.
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LTC Latest Chart Analysis Hello Everyone Hope you are doing good
In This Chart we can clearly see Breakout of Inverse H&S Pattern which is a Positive sign of Uptrend Current Price of Litecoin is $37.88 and it can move upto $50 as per this Chart Pattern. The area of $27.701–$29.349 is a critical support zone on the downside.
Hope this will help you
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BTC Making Descending Triangle & inide Symmetrical TriangleBitcoin Currently Making a Big Descending Triangle & inside making symetrical triangle .
if BTC Cross 6800 Level With Hevey volume and stable above 6800+ then e can see a bullish Movement is BTC & Altcoins .
if BTC Fail to current support line then BTC Can stay on 5800 Around and then BTC Can Bounce Back.
i hope BTC Soon will sure 6800 level and breakout both triangles.
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Stay Tuned ... !!
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There is a possibility for the beginning of an uptrend in LTCUSDTechnical analysis:
. LITECOIN/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (57.70 to 49.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (57.70)
Ending of entry zone (49.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 66.00
TP2= @ 73.25
TP3= @ 81.10
TP4= @ 90.25
TP5= @ 111.00
TP6= @ 126.20
TP7= @ 173.75
TP8= @ 212.20
TP9= @ 250.60
TP10= @ 305.30
TP11= @ 375.00
TP12= Free
A new trading opportunity to buy in LTCUSDTechnical analysis:
. LITECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. If you missed our first HUNT, you have a second chance to buy above the new suggested support zone.
. There is still a possibility of temporary retracement to suggested support zone (75.00 to 66.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (75.00)
Ending of entry zone (66.00)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
. We have already opened 9 BUY trade(s) @ 79.03 based on 'Two-day reversal candle (2-Day Hammer )' entry method at 2018.06.29 in our suggested support zone (72.50 to 57.50).
Total Profit: 8041
Closed trade(s): 1297 Profit
Open trade(s): 6744 Profit
Closed Profit:
TP1 @ 92.00 touched at 07.18.2018 with 1297 Profit.
Open Profit:
Profit for one trade is 87.46(current price) - 79.03(open price) = 843
8 trade(s) still open, therefore total profit for open trade(s) is 843 x 8 = 6744
All SLs moved to Break-even point.
Take Profits:
TP1= @ 92.00
TP2= @ 102.00
TP3= @ 125.00
TP4= @ 165.00
TP5= @ 183.00
TP6= @ 224.00
TP7= @ 252.00
TP8= @ 375.00
TP9= Free
There is a trading opportunity to buy in LTCUSD Technical analysis:
. LITECOIN/DOLLAR is in a downtrend but the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already opened 9 BUY trade(s) @ 79.03 based on 'Two-day reversal candle (2-Day Hammer)' entry method at 2018.06.29 in our suggested support zone (72.50 to 57.50).
Beginning of entry zone (72.50)
Ending of entry zone (57.50)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 92.00
TP2= @ 102.00
TP3= @ 125.00
TP4= @ 165.00
TP5= @ 183.00
TP6= @ 224.00
TP7= @ 252.00
TP8= @ 375.00
TP9= Free
Testing Top of Symmetrical TriangleWe are testing the top of the symmetrical triangle. MACD creeping to bullish divergence on the 4hr.
I believe we'll be shooting back up to previous highs in the near future.
It is not my advice that you do anything with this information. Just want to share my ideas.
LTC/USD Critical Point SpottedHey folks!
No time to explain...straight to the chart:
LTCUSD is about to break its local resistance level (see previous structures that confirm this argument). Moreover, according to the Ichimoku (20/60/120/30 - perfect settings for crypto currently) the price is about to complete the breach and hence there is a strong indication for the price to go even higher. MACD - overcross spotted! RSI is steadily climbing higher. In general, if you look at Fibonacci retracement 38.2% - this is the next critical level which if breached opens the road to 61.8%. If you take a sharp look at the Fibonacci Extention line 38.2% you can notice that this line almost perfectly aligns with 38.2% of Fib.Retracement which combined is a strong price level for LTC.
The market is currently in favour of crypto and it looks like we are in a "recovery" stage. Though, not entirely.
Anyways, plz always do your own due diligence. I am waiting for the resistance level breach.