#LTCUSD on BITFINEX :
- it has temporary break to the resistance trendline that has been established since february 2018, but I am not sure if it is a clear break or just a bull trap (From the history, we can see that it did several bull trap.
- if it is a clear break, I think we will see LTC to test at least $42 (previous high)
- Based on elliot wave count, we can see that there is a big possibility for long term down to $22 - $17 (as the previous heavy price action)
- for short term, a very possible case of test to $42 region
- for long term, I am extremely bearish based on pitchfork and elliot wave count, and I believe that LTC will touch $22 region
so, after those long term analysis on #LTC , we should look for an opportunity to do any trade on the shorter timeframe. and I plan to do it on BITMEX with a good leverage.
- it has temporary break to the resistance trendline that has been established since february 2018, but I am not sure if it is a clear break or just a bull trap (From the history, we can see that it did several bull trap.
- if it is a clear break, I think we will see LTC to test at least $42 (previous high)
- Based on elliot wave count, we can see that there is a big possibility for long term down to $22 - $17 (as the previous heavy price action)
- for short term, a very possible case of test to $42 region
- for long term, I am extremely bearish based on pitchfork and elliot wave count, and I believe that LTC will touch $22 region
so, after those long term analysis on #LTC , we should look for an opportunity to do any trade on the shorter timeframe. and I plan to do it on BITMEX with a good leverage.
🎓 #LTC / BTC - View Chart
📊 Overview on LTC
While trying to get my pulse on the market before the weekend, I decided to have a look at Litecoin. It has been awfully quiet recently. The technical analysis on LTC shows us just why it has been so.
For a moment, I had been plotting the chart on the 4h time frame before zooming out to extend the lines I had drawn. The line connecting the wicks just happened to intersect the lowest low we have seen on LTC since late 2017 (0.0001). It just goes to show how critical things are on the currency right now.
With that said, this is the time to be bullish. If its breaks it breaks, but everything points to a major run on Litecoin. The long term chart shows off the 100MA performing like clockwork as always. It's not long before the line gets tested, and that would already mean a breakout from this wedge ladies and gentlemen.
📊 Overview on LTC
While trying to get my pulse on the market before the weekend, I decided to have a look at Litecoin. It has been awfully quiet recently. The technical analysis on LTC shows us just why it has been so.
For a moment, I had been plotting the chart on the 4h time frame before zooming out to extend the lines I had drawn. The line connecting the wicks just happened to intersect the lowest low we have seen on LTC since late 2017 (0.0001). It just goes to show how critical things are on the currency right now.
With that said, this is the time to be bullish. If its breaks it breaks, but everything points to a major run on Litecoin. The long term chart shows off the 100MA performing like clockwork as always. It's not long before the line gets tested, and that would already mean a breakout from this wedge ladies and gentlemen.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
How shall we approach the entry on Litecoin?
🎓 #LTC / BTC - View Chart
Limit entries and market entries are a go for our long term outlook on LTC. Time to get into your positions.
Limit entries and market entries are a go for our long term outlook on LTC. Time to get into your positions.
🎓Market Update🎓
Good day fellow traders and crypto enthusiasts. This is Lord Horst, announcing my return.
I have spent this weekend getting up to speed with where we are at. With regards to the big mover Bitcoin, it is trapped within this no trade zone. We will be watching closely for the signal that confirms direction as the week kicks off, but our bias is to the short side for the time being.
Alt market is showing strength across the board. Many currencies display signs of accumulation. They have been bustling with activity between the big moves on BTC.
It remains to be seen whether or not this accumulation cycle will end in favour of the bulls. A bullish BTC will send the accumulation plans into a tail spin. More on this later!
▪️ #LTC ▪️ #XLM ▪️ #IOST ▪️
Good day fellow traders and crypto enthusiasts. This is Lord Horst, announcing my return.
I have spent this weekend getting up to speed with where we are at. With regards to the big mover Bitcoin, it is trapped within this no trade zone. We will be watching closely for the signal that confirms direction as the week kicks off, but our bias is to the short side for the time being.
Alt market is showing strength across the board. Many currencies display signs of accumulation. They have been bustling with activity between the big moves on BTC.
It remains to be seen whether or not this accumulation cycle will end in favour of the bulls. A bullish BTC will send the accumulation plans into a tail spin. More on this later!
▪️ #LTC ▪️ #XLM ▪️ #IOST ▪️
🎓 #LTC/USD - View Chart
It's high time we cover Litecoin, and tonight Mr. Potato and I are collaborating on this idea for you. What we have here is the chart on the dollar pair at Bitfinex. This particular pair is a sharp indicator of the market, and that's why we are analysing the price here.
As far as indicators go, we have Mr Potato's smashing recipe. The classic death/golden cross 50/100 moving average, the true strength index to confirm. In addition, we have this very exotic momentum visualiser, and boy does it paint a good picture. Coming from a clear break to the upside, this indicator seems to round out much neater than any oscillator I have looked at lately.
On to the price action, massive accumulation marked out in green. Indicators flat. Broke and bounced the 50$ price mark. Pumped on the 26th and this flipped the momentum.
All this excitement is great but we are going to have to until the pullback for a proper entry. We are approaching a major resistance block, we will see how price responds shortly.
For now we are setting entries starting at $58.85.
It's high time we cover Litecoin, and tonight Mr. Potato and I are collaborating on this idea for you. What we have here is the chart on the dollar pair at Bitfinex. This particular pair is a sharp indicator of the market, and that's why we are analysing the price here.
As far as indicators go, we have Mr Potato's smashing recipe. The classic death/golden cross 50/100 moving average, the true strength index to confirm. In addition, we have this very exotic momentum visualiser, and boy does it paint a good picture. Coming from a clear break to the upside, this indicator seems to round out much neater than any oscillator I have looked at lately.
On to the price action, massive accumulation marked out in green. Indicators flat. Broke and bounced the 50$ price mark. Pumped on the 26th and this flipped the momentum.
All this excitement is great but we are going to have to until the pullback for a proper entry. We are approaching a major resistance block, we will see how price responds shortly.
For now we are setting entries starting at $58.85.
🎓 Trade Update 🎓
🎓 #LTC/USD - View Chart
Chart: Bitfinex (Trade)
✳️ Absolutely smashing entry on Litecoin! Price is up 7% from entry.
🎓 #LTC/USD - View Chart
Chart: Bitfinex (Trade)
✳️ Absolutely smashing entry on Litecoin! Price is up 7% from entry.