Hello dear crypto friends! ;) As my mentee Richard just posted: Litecoin is currently inside both a Daily and 4H EQ: We can perfectly see the 4H EQ as two Daily inside bars. Also we can see that the Daily pattern nicely first formed an Evening Star, and in the same move a Morning Star Reversal: A break of the 4H tightening would give the bears around 6% profit...
Lot's of negativity going around crypto b/c of the price. I guess people just assume when something goes down in value it is no longer legit or is a scam. While there are plenty of scams in the crypto markets Litecoin is certainly not one of them. When you buy Litecoin you are investing in a decentralized network that does not try to replace Bitcoin but instead...
Hello dear crypto friends! This is crucial:
Litecoin is currently in the process of breaking the huge Weekly S&R zone, which reaches from psychological $100 to $130.
The importance of the S&R Zone can be seen holding up in April 2018 with a Morning Star reversal pattern, and also in May 2018 with a Spinning Top, before we finally broke that zone to the...
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
Golden cross? Check!
Major EMA's as support? Check!
Above cloud? Check!
True golden cross? Check!
FA catalyst! Check! Halving ;)
Positive sentiment? Check?
Bulls are in control! LTC will break out imo. However this is not the moment to go for a long position IMO.
Let it retrace to .236 or even better .368 fib level. Once LTC breaks out, other high caps will...
The whole market has dropped a lot the past week, where Litecoin rallied up to the top again. The whole market dropped a bit past 2 days, while bitcoin is again moving up to the highs.
Now at first sight it looks amazing and strong and that it's about to break up. However, there is a very big difference when we look at the volume picture.
It seems like we have...
This is an update to my previous analysis.
The pattern is playing out perfectly... but patterns can't last forever.
Possible entry point is at $120, right below the ichimoku cloud. If it shows signs of going up again, it is possible that LTC will reach $150, then $170-$180. More or less a 40% gain.
Best way to trade this might be to wait for the stochastic RSI...
Litecoin has been one of the cryptocurrencies that have been growing more solidly and steadily since the beginning of 2019. Since December 15th when it bottomed out at $22, reaching its lowest point in more than two years, it has increased almost 500%.
During the last and ongoing upward trend, the Litecoin price has behaved very good technically talking. It has...
LTCUSD is facing a daily bear signal at the end of 5th wave.
The bear signal could bring it down to 116-120 by the bottom line of the channel .
Once it breaks down the channel, 90-100 is next support zone.
LTCUSD has some violent but consistent % bounces of each crash low. The pattern is obvious now so I would look for it to break out of this wedge sooner than later. Looking for a clean break of 21.85 to see it head back to 30's. Inside the wedge with this last 133% run up it will probably need to just a little bit to recover some energy. Keep your eyes on this...
One cannot deny that Litecoin has performed remarkably since LTCUSD bottomed in mid-December of 2018. Since then, LTCUSD has appreciated by nearly sevenfold, outperforming most major cryptocurrencies including Bitcoin.
That being said, while I am still a Litecoin bull, LTCUSD needs to continue to show strength as we approach the resistance levels which were...
entry point 130 $ - 140 $
take profit 175 $ - 225 $
stop lost 100 $
Log in after the end of the line
the descending trend level
rollback to support level
and on the breakdown lines
input in the range:
entry point 120 $ - 125 $
take profit 175 $ - 225 $
stop lost 100 $
Litecoin’s blockchain is set to undergo a mining reward halving in August this year, as it is programmatically designed to do so after every 840,000 blocks are mined or roughly once every four years.
The process is aimed at controlling inflation by reducing the rewards for mining on the blockchain from 25 coins to 12.5 coins and seems to have put a strong bid...