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:
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BTC Positive. Bull charged.Everything looks positive right now for BTCUSD as far as the technical indicators go.
Beginning of "E wave". (ABCDE)
50day MA about to cross 100day MA.
MACD turns bullish (Orange crossed blue).
RSI uptrends.
8900 and 9800 are important levels to keep an eye for in the next few weeks.
8900 if broken confirms long-term bullish signal. (By 16-20th June)
8900 if bounced 5400 is in range. (By Mid of July)
9800 if bounced down can result in short-term correction. (By 2-6th July)
9800 if broken prices can reach ~12250 (By Mid of July)
Thanks for your time.
Happy trading.
Personal Request.
Hi guys,
I am a crypto enthusiast and a Data Scientist(underpaid Indian) I have been active in crypto space since last August and I have been active on tradingview for more than 6 months now.
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Donations:
BTC - 34kiRPBp6pa71NUmr8NUfKuTqZk6fZPjHm
ETH - 0xbacc83435b5576683fa151b6b794287fdf98a80e
LTC - LWoRHbfL4CGgmeBQ1cMjsWFwthECKbtWWW
This analysis is solely based on my knowledge and understanding of the market and not to be considered as financial advice.
End of Consolidation. Next cycle underway.It was a crazy run downhill for Bitcoin this year. Most people(New investors) thought this could be the bubble and BTC will stumble and bleed.
Things like these are said and proven false for over and over again. Especially, by the important financial figures out there.
Looks like this is the end of the cycle from accumulation to crazy momentum uphill.
Recently, BTC has failed to breach $9800 fib.
But, A sweet triangle has formed and it is also the end of D wave (ABCDE wave).
The Bull run is imminent at this point in time and the next cycle is about the get underway and the time is ripe for the new investors to step in.
With the amount of attention crypto has received lately next cycle will be massive.
However, There are 2 possibilities going forward.
1) It can drop to $7800 mark again and the steady rise follows it.
2) As it has already shaped up with 2 green candles straight could see a day or two of red and rise after that.
For both the cases.
We could see the top of around $12250 - $14260 in a matter of 10-15 days.
Happy trading,
Thanks for your time.
Drop a like if you liked my analysis.
I accept donations:
BTC - 34kiRPBp6pa71NUmr8NUfKuTqZk6fZPjHm
ETH - 0xbacc83435b5576683fa151b6b794287fdf98a80e
LTC - LWoRHbfL4CGgmeBQ1cMjsWFwthECKbtWWW
OMG - 0xbacc83435b5576683fa151b6b794287fdf98a80e
This analysis is solely based on my knowledge and understanding of the market and social network patterns and must not be considered as an investment advice.
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.
Bullish Gartley + Sym tri Tango in the LTC House!COINBASE:LTCUSD BITFINEX:LTCUSD KRAKEN:LTCUSD Price breakout from the triangle may follow the course of the Gartley CD leg formation..
Then get support from the PRZ potential reversal zone and jump back to any levels, But 0.618 AX is earmarked as a prime resistance to the rebounce from PRZ..Some times the 0.382AX level can also play a support/resistance..
Disclaimer.. not a trading/investing advice..
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
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













