Rectangle or ascending triangle?Either way, set a stop loss to save your profits or find a nice entry when resistence gets broken :)
Market insights
LTC possible long opportunityLTC is moving in a descending channel since a few days. If it is able to break this downward movement, we could face a buy opportunity.
MACD is crossing over and RSI returning from oversold region. Volume on up movement looks fine. Also note that LTC has shown strength in the bearish market conditions we face last weeks.
It is only advisable to take action when price breaks channel and is confirmed by other indicators. If resistance is too strong, we could go to lower 30's.
LTCEUR 240 shortThe price is downtrend between a really defined channel and is touching the upper part of that one.
the stochastic is overbought.
SMA 50 is crossing SMA 200 below!
For my mind it is a really good opportunity to short LTCEUR.
You can wait for a candlestick pattern to confirm the downtrend as a signal (bearish pattern, doji, swallow).
Litecoin lift offIf i realised how bullish litecoin would end up I would have eaten it up when it was less than 6 eur... Hindsight.
Anyway, this chart demonstrates that there is potential upside and also potential for a brutal selloff that will eviscerate those who are not careful. Just scroll back to the first listing on Kraken.
Ichi is bullish on 4hour, daily and weekly. Stock RSI is crazy oversold on the monthly but that is to be expected with the 10 bagger move LTC has already pulled off.
There is a nice channel on the weekly, so I think at the very least we can expect 35 eur LTC by july and perhaps even triple digits as LTC participates in it's own parabolic euphoria.
Keep your stops nice and tight on this bronco, worth picking up on the dips of the increasing volatility we will like see going into the summer.
Good luck.
LTCEUR targets: 50, 72,101,160 in this year
LTC broke from the triangle and will complete its correction in a few days and should reach fastly (I guess so 1 or 2 weeks) 70€ then proceeding to 100 and 160..
So I would definetely buy it..
LTCEUR about to break to the upside, FINALLY!This has been a long consolidation pattern for LTC. The "good" news about its Segwit activation has been under-valued until now. Hopefully this development gets reflected in the price within the next few weeks.
LTC EUR small drop before a higher rise (Sunday-Monday)I think there is going to be another drop in short-term of BTC. Many new investors coming in BTC and after seeing a 400€ drop in a few minutes, are waiting for the bounce to get out. Also many analysist are talking that the bubble could pop anytime soon, and it is normal after the recent rises over 10% a day people will try to sell. LTC and most of altcoins drop when BTC falls.
However, after this, I think LTC will grow a lot as it was trying to reach 35€ again before the yesterday fall, probably until 40€ or 45€, very close to XMR.
Just my opinion :)
44€ Litecoin/Euro opportunity mid-longtermHey everyone, I checked the Litecoin7Euro course and decided to write an analysis. Check it out on steemit: steemit.com
Cheers :)
LTCEUR: Target hitI would suggest reducing exposure/hedging/outright selling $LTC for now, since the 'QUARTERLY' target was hit, everyone has been frantic about it today, so I would be careful with longs...best thing to do is to reduce risk, or just get out now.
If interested in receiving my insights and all trade ideas, send me a pm.
Cheers,
Ivan Labrie.
