Litecoin's Road Towards the Halving - LTCBTC Update

LTCBTC - Litecoin Halving Revised Chart - Top Reached at $60-64 Time for a Retrace?

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Since our last update, Litecoin broke the bearish H&S we had drawn and went for a 2nd leg up which hit the resistance at 0.0158-0.0161. At this moment, there are two possibilities:
Bulls (in green): we either go for a 3rd and final leg and hit the top resistance at 0.0176-0.0190 which would mean another leg on LTCUSD that would go deep through $64 or:
Bears (in red): we stop and drop back down to retest the 0.01340-0.0117 support of the ascending triangle.

Either way, since we were caught by surprise with this early start of the Litecoin rally towards the August 2019 halving, I now recommend to have a longterm cold storage of Litecoin being held separate from your daily trading stash.

Buy/Support:
0.00765-0.00691
0.00862-0.00840
0.00120-0.00117 - Ideal fully buy back if hit/add to position
0.00134-0.00125 - Buy back if LTC does not go lower

Sell/Resistances:
0.0158-0.0161
0.0176-0.0190 - Sell 25%
0.0277-0.0280 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue Fractal
0.0385-0.0400 - Sell 50% - Potential target of the August 2019 Halving Rally / Blue Fractal

Stoploss: 0.01080 or at anytime the bull neckline is broken

Dagangan aktif

Komen:

That neckline at 0.0137-0.0135 will be retested. Besides, we are still in sideways. Keep holding!

Komen:

Not much happening on this pair other than being in sideways in a bull parallel channel and in a short-term ascending triangle. Momentum is bullish overall.

The sideways might last till April 14 before we see a move.

Komen:

Komen:

Top of the resistance hit at 0.0176-0.0190. Sell 25%. If you wish to hold for higher at 0.0277-0.0280 before selling you can.

Komen:

bingo is my namo? both sell target and rebuy target hit!

0.00134-0.00120 - Ideal fully buy back if hit/add to position - HIT

Stoploss: Can be placed at 0.01120 for those who wish!

Happy trading

Komen:

Buy target hit at 0.00134-0.00120. Looking good and accurate! Just keep holding then we start to rally for the LTC halving by the end of May! Good job all.

Komen:

On track guys! on track... keep holding. Litecoin should even start acting as a hedge against the current short-term Bitcoin and Crypto Market downtrend

Komen:

We have reached the resistance here at 0.0171-0.0180. Anything above that is typically a sell for now as I see the need of a pullback to this range 0.0161-0.0151 before further upside

Komen:

Anything within that resistance is a sell*

Komen:

guys we must switch to LTCUSD because Bitcoin is just none stop surging and making ALTSBTC pairs unchartable.

See the latest LTCUSD idea here. Like and follow. Once Bitcoin stabilizes a bit I will post the potential area to sell LTCBTC. At the moment it looks like at 0.0170

Dagangan ditutup: hentian tercapai:

Very bearish action so far on LTCBTC and we even broke the 61.8% Fib golden ration in the past few hours. This looks done until mid-july or until Bitcoin stops surges and crashes from $13,400-14,400 down anywhere to $10,000-7,600 before recovering. Only then ALTS and LTCBTC can surge again.

Komen:

*I meant we broke the 50% Fib and heading towards the 61.8% Fib ratio now. More details provided to members on this, but anyways the point is clear in the chart above! Happy trading.