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Tag: litecoin

Litecoin Testing the 120 Level Again After Short Dip

June 8, 2019 Published by

Gotta say Litecoin price action is acting more resilient than I expected.  After a quick dip down to 97 on an intraday basis price has pushed right back up to the highs in just a few days.
Sadly I had buy order down at 93 as it looked like that is where price would likely pullback to on the weekly chart.  Apparently things are strong though and the overbought condition on the weekly is sitting on the sideline for now.
Level Up or Fail
So here we are.   Looking at the daily chart you can see we are testing the 120 area.  Really

Litecoin: Price Consolidation is a Good Thing!

June 3, 2019 Published by

Price is consolidating the in recent days on litecoin.   We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View

Looking at the daily chart we can see ltc is now consolidating at the 108-110 area.  The level that was a prior resistance.  This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,

Litecoin Still Trading Like a Champ!

May 31, 2019 Published by

The price action of Litecoin of late has been solid.  Basically it has held the levels it needs to hold to have the full bullish designation remain intact.
Another moment of truth
Right now LTC is testing the 108 area that it breach a few days back.  After breaking though a level a successful test is actually desired and bullish.   It also makes for a more orderly move.
So that is where price is right now.  The question is will it succeed.  So far it is holding in steady but that doesn’t guarantee it will continue to do so.
The good news is this

Litecoin Leveled Up After Catching My Attention

May 27, 2019 Published by

A couple days ago I wrote about Litecoin and how the price action caught  my attention.  We were looking at do scenarios with a bias to the upside one.  That scenario has played out and is in the midst of a move higher to the potential price target.
Upside Resolution
Looking at the chart you can see price has breached the 108 area resistance and is now halfway to the 125 upside target.  If price continues to move up aggressively in the near-term this is where I would expect the buyers to run out of gas.
In the meantime, seeing price close this

The Litecoin Price Action Has Got Me Interested

May 24, 2019 Published by

Litecoin has been interesting in recent moves.  It went from leading the market before the bitcoin breakout to kind of being a bit quiet in the past weeks (relative to the BTC and ETH moves) and now just when it looked like things were just muddling along we get a noticeable move today.
Thoughts of a Bullish Break flooding back in
If you look at the chart price consolidated after pulling back from the run at the 108 area.  The initial bounce following that pullback was short lived and things looked like they may turn lower or just muddle along sideways but

Litecoin: We have Liftoff!

May 15, 2019 Published by

And there it is my friends, LTC just blasted through the 100 mark.  To think just three short months ago the coin was floating below 50.  Not a bad return for those that added, sadly I barely added any but the little that I do add I have sold off as we have moved higher.
Tone of the market has changed
After months or so would argue more than a year of feeling despair as the crypto winter blew hard the spring may very well be here.
The price action on LTC since mid-february has been positive and showed strength well before BTC

Litecoin: Reversal Candle Signal

May 6, 2019 Published by

Yesterday I wrote about how I was buying some LTC on what was basically a coin flip.  Meaning, there was no clear signal, but I decided to enter based on some other factors.
Funny How Prices Work
Less than 24 hours later that same daily candle I entered has rallied after pushing lower to form a reversal candle and gives as an actual technical entry.
Granted this daily candle has some time to close still, but it is currently showing us a reversal.  After two down days we saw price trade through the prior candle’s low and rally to a price that is

Take a Coin Flip on LTC at the $75 Level

May 5, 2019 Published by

Couple days back I spoke about the price of Litecoin and how it’s knocking back and forth at this 75 level, a former support then resistance now maybe support again.
Any one have a quarter I can flip?
As you can see in the chart price is right at that level as I type this and I’m going to take a gamble.  The reason I say gamble is there really isn’t a clear entry signal.
Basically we just got a little stair step up above the level again and now price is either preparing to stair step up again or go back below

Litecoin Playing Ping Pong with the $75 Level

May 3, 2019 Published by

This $75 level for litecoin has been rather interesting.  Last summer it acted as a key support level before breaking down.  Recently price finally broke back above it only to fall below shortly after….
Here we go again
Looking at the chart in this post…
After dumping down to $66 price rallied to test that $75 area again and ran out of gas for a couple days only to push through it today, that test followed by a small red day or two and blast off higher is a classic bullish price move.
However, I’m not sure that I want to wave a victory

Litecoin Testing Support – Is it time to buy?

April 24, 2019 Published by

Litecoin had been outperforming most cryptos for a couple months.  After it’s nice little run we got some backing and filling as expected and now find price at a key support level.
Foundation of the next move or something worse?
With Bitcoin pushing higher today it’s easy to get optimistic about litecoin moving too.  However, lets look at the chart within this post to see exactly what is going on so we can make informed decisions.
Support offering a good risk-reward
As you can see price is sitting right at the 75 area support level.  This was a key support level that held a

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