LTCUSD short & stop entry/exit -- following selloff; key sell ptFollowing massive selloff due to LTCUSD confirmations being much quicker than BTCUSD obv you'll see a consolidation on both coins yet for LTCUSD a short at $101.13 is viable & likely to occur within a 48-72 hour timeframe.
Safe trading all & Have a great evening.
Short @ $101.13
Stop listed as well.
Disclaimer
I've been wrong many times. This is my personal opinion. Do not listen to it. Though judging from my track record, you might believe otherwise. I've been right more than wrong but all that matters is that you make a wise investment decision based only off what you can afford and not solely off my opinion. You're presumably a grown man/woman and can make your own decisions.
Ltcusdanalysis
An important crossroads to #Litecoin #LTCUSDThe first sign of a change in trend appeared 3 weeks ago in the form of a star candle (warning against a change in trend)
The positive point in this situation is the support of the solid Fibonacci retracement currently in place for Litecoin at the above price - $ 93.5
Scenario A-Because Litecoin at this moment touches the support above the next wave of rallies is on the way.
Scenario B-The recent gains were, in fact, a sign of the currency's demise, and the currency will continue to crash.
LTCUSD approaching resistance, look out for a potential reversalLTCUSD is approaching its resistance at 142.12 where it is could reverse down to its support at 87.33.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
LTC/BTC Prj, P01E02. Nice pullback, go back inPrevious post
As you know, LTC has been one of the outstanding performers of 2019.
And as such, we must keep an eye out on it, due to the halving many believe has created the bullish trend + other factors as well, eg. BTC trend.
On the charts, LTC is looking good again, against USD\T and against BTC.
As per the chart, its hit a good level on the pullback.
One might be conservative and wait for another green candle on the 4 HRLY and pass a key resistance.
One should also track BTC, for now, its consolidating and we might have another day or two for LTC to shine (due to BTC dominance)
I will update the observations as time develops.
Massive tea cup and handle pattern forming on LTCAfter retracing back to .618 fib level after having relatively healthy run for most of 2019, it looks like it has a lot more in store for the year.
I'd say to long the shit out of this but with equally tight stops. Havent seen anyone talking about this yet.
This would be invalidated on a break below support.
LTC STILL HAS MORE ROOM TO PUSH UP!! (HOLD ON TO YOUR SHORTS)Hello friends , long time so see. LTC is finally getting some of the recognition it deserves, recently hitting .015 BTC on it’s way to it’s ATH at .02. I want to point out something many traders have been overlooking. As you can see on the hourly chart , we have some hidden bullish divergence. Notice the MACD going down while price, going up / staying steady… Same thing with the BTC chart. Market cap is growing while prices are being pushed down… Signs of accumulation. If the current trend continues , when the MACD pushes up the price will boost. I have some small sell orders around $59 and $63 USD hoping to maybe catch some wild price swings. If BTC can boost to 4200 we should see a pretty good upswing with LTC. I’m mostly a HODLer, finally back above water this month with the boost of ENJ coin. Hopefully some of my followers got in on that too. I really like LTC for a long-term pick. This is a very risky trade for the short term, but very solid in the long term. If BTC dumps , LTC will dump also, so please be aware of the downside. Please leave a like and subscribe , as I try to only post quality original content.
I am not a financial advisor and this is not financial advice.
Is LTC Still Bullish Mode?? 1. As we can see 21 EMA daily is still green, which indicates we are still bullish (Green colour)
2. Support is around $ 43. Be careful if the price is under $ 43, it will turn 21 EMA daily to red. (Blue rectangle)
3. The closest resistance is at the 200 EMA daily around $ 51 (Yellow Colour)
4. This bullish trend target is around $ 63-70 (White Colour)
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5. If you missed the train, you can place order around support price with tight stop loss.
Good luck to you :)
Bearish Signals on LTCUSDThe market is giving many mixed signals but here is my view on BITSTAMP:LTCUSD . BITSTAMP:LTCUSD always seems to foreshadow BITSTAMP:BTCUSD movements. I have a bearish view of this market right now, but I honestly cant give you my definite view. This has been a no trade zone.