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Tag: litecoin

LITECOIN: willing to break the 200DMA

February 10, 2019 Published by

For those who maybe missed my previous post about LITECOIN lately, just tell you that in my opinion there is no other big crypto showing better indications of REVERSAL than LITECOIN.

Actually, Friday’s BITCOIN rise was first leaded or noted by LITECOIN. LITECOIN showed the path and the whole market follow the trend.

Today, LITECOIN seems to resume the upwards trend.

Looking for a feasible EW-count we may have the following scenario:

Assuming the last rise as a (iii)rd wave, LTC seems resuming the movement upwards, building now the (v)th, everything ascribed within a 3rd bigger wave.

Conservatively, if we assume that waves 1

LITECOIN: Possibly the most Bullish Big Crypto out there nowadays

February 6, 2019 Published by

Very little has been said about LITECOIN lately.

Everybody is focused on BITCOIN as the crypto King and maybe we are losing a little bit perspective on valuable and similar other cryptos as can be LITECOIN in this case.

The Daily Chart is very consistent. Oppositely to BITCOIN, Litecoin has been formed a long Trading channel, between two perfect lines, downwards of course, but they have never been broken during this long correction.

Nowadays, while BITCOIN is moving in a hesitant manner LITECOIN has performed very well, steadily and even upwards…

Supported by the 50 Moving Average which shows as well a sort of

Crypto Contest January 7: Litecoin

January 7, 2019 Published by

Litecoin (Bittrex: LTCBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Litecoin began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in February 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Litecoin should be heading next towards the February 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Litecoin is currently in the red wave three (blue sub-wave iii).

LITECOIN: inverted HEAD and SHOULDERS

January 6, 2019 Published by

LITECOIN has just crossed the Neckline of the Inverted Head and Shoulder Pattern. If the Pattern Recognition Technique is confirmed we may see a 40% profit as target price (i.e: 51.3 USD).

As always, I am planning my “exit” points for target and Stop losses.

Let’s see if the increase in volume helps us to reach the goals here…

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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