Litecoin on the way upOne of the strongest coins fundamentally in 2018. Saw significant price action when Lightning network was finally implemented. One of the most undervalued cryptos from the pre-August bull run. Stoch RSI is nearing 0, MACD is making high lows indicating the downtrend has run out of juice. As LTC falls, MACD is rising, showing negative divergence. Moving as per trend, move to the upside should come very shortly. Bet worth taking
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BTC AND LTC The Large Cycle of Bitcoins >>: 8 February 2018
The first Dl Circled Region is the set-up for the start of momentum for Wave 3 up, and the second Dark Orange Circled Region is the set-up for the start of momentum for Wave 5 up. Wave 4 correction for the Bitcoin had been done using a Brown Bullish Wedge in capitulation style. This had been a cunning set-up but a brilliant one. It had shaken out many diehard fans of bitcoins. Markets are now all saying cryptocurrency is a bubble that had burst and that there is no future for bitcoins. Everyone can see the "crash" and sentiments is oh real bad. They ought to, and had shunned the market. Finally, and finally, here I am finally starting to accumulate some bitcoins, in batches, for investments now. I am buying in nimble batches. We are preparing for next wave up in blue (Wave 5).minmum tgt 33000$.
lite coin trading and investment levels As most crypto currencies seemed to have turned trends to sideways to down....it was inevitable that we another round of selling from the upper levels wwould comein as many traders were trapped in the previous fall and they mite have exited in the bounce, but still if the bad news persists and we see a fall these are a couple of levels on ltc where one could look to buy ...... the daily level arnd 110 s good for trading and would give a good risk to reward trade of 3:1.... but if one is looking to invest in this one should not jump the gun and wait for 90$ to start buying it for investment.
Broke out of pennant - Short term tradeHere is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media.
It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high.
Looking at RSI, there is enough room for buyers.
MACD is showing a bullish divergence.
That said - here is the short term target.
Buy - now ($280)
Target Profit - $300 - $309
Stop Loss - $271
As always, please feel free to revert with feedback and questions. Merry Christmas and happy trading!
LTCBTC Short Swing Trade (D, 240)
Price is in overall seller territory from D perspective, we broke the major S & R (green line) and price rejected twice going through that area and left a probe. We turned people into buyers so that we can sell for higher price. On 240 sellers shows an aggressive sign of coming back swiftly challenging the buyers who started this movement. We didn't make an HH or LL between 0.0093 and 0.0078 so, we can anticipate a Range. So, I anticipate that price can hit the recent Support 0.0078, we have much room to do this sell. We have BTC strength in our favour so, Short can go well. Reason for SL above 0.01 is that price can move up to that area because they are making HH on 240 and looks so desperate and I anticipate that they have weakened their power. Proper Risk management should be taken as below.
Entry: 0.009299
TP: 0.0078
Stop loss: 0.01
Position Size: 1% Risk on your capital/350.5
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 16% profit.
Buy from Sellers and Sell from Buyers.
NAV MONKEY FOMO ANON DAPPS IS COMING HAS BROKEN OUT ALL INNAV MONKEY FOMO, anon dapps. Fantastic dev team always communicating with community in a timely fashion constantly posting updates. They signaled segwit at the speed that coins such as LTC did.
They are going to be the first coin with ANON DAPPS. Yes thats right, anonymous distributed apps
Its broken downtrend ive been waiting for this for a while its altcoin season 2 baby time for us to get rescued from the plantation