LTCUSD.P trade ideas
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.
Triangle coming to an end. US tax deadline April 17thHello hello,
If you notice in the past, once people start writing obituaries for popular coins it usually is followed by a huge run up.
We have a perfect storm coming up here:
1. Negative market sentiment
2. Tax deadline is coming up
3. The triangle has it's point directly on the day Tax is due.
This is not financial advice, just some observations I've made.
Please give me a like, I'd love to jump into the chat and I'm too cheap to buy the "pro" version.
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..
ltc seens sid way we can trade with market movmentltc are showing now bullish mode but its imortant bitcoin rech 13 to 14 thousend i am except i can show another side way for ltc its will veryfy lst uper candel on side way if we find higvolume candle with breck out but resion is if bitcoin rech aging on11000 to 11500 level and will breck out bitcoin then except for ltc 300 doller or bitcoin fall agin we can by agin ltc 160 doller then can expet ltc will rech agin 300 doller i will suggest sell 50% when its will rech 227 to 235 doller we can agin by on 250doller sell 300doller
every thing depend on market movment and news
Bearish Gartley in LTCUSD House!BITFINEX:LTCUSD this is a bilateral trade to be taken, a long followed by a short..
After a long time i see a gartley in the cryptoworld..!
Personally never trader a gartley in crypto..!! this is beautiful and if it turns out good, a potential money maker and a compounder..!
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.