TL;DR Litecoin might bounce super hard off of this trendline! - if you buy keep it below 0.017, and hang on to the rocket! (Use Stop-Loss!) Requests for analysis on trading pairs are open, just leave the coin you would like an analysis for in the comments below!
$LTCBTC probably going to bounce and continue up, it's already completed a 50% retrace and had a bit of a pump already. About halfway up to 0.024 from here is my first TP. Still not expecting any parabolas over the weekend, so this might be a setup for Monday. Watch out for a fall this could be going down back to test 0.0138 and 0.0116 after that so keep a nice Stop-Loss that's reasonable. If the trade goes sideways, we could be looking at another 66 bars of consolidation before going up again, which would be super boring. It will be up to you on what to do after that, sell and find something moving or just wait it out and try to trade the chop. :)
Analysis: $BTCUSD recently hit the kumo twist of Senkou Span A and B! I suspect we'll get a nice dip here and continue sideways/up. Alternatively we could be looking at a bearish trend as @icrushdreams displayed on his chart included below.
Analysis: The $LTCUSD pair is looking a bit unhealthy. $LTCUSD is under the cloud on the 60min, 30min, 15min, 10min time intervals. I really want to see a $USD value jump here, if it doesn't happen you can still use your $LTC to make a play against $XMR or $BTC respectively even though there may be a temporary drop in $USD value. Just be sure to do like you always do and keep your options open, + monitor the chart with a reasonable stop-loss! :)
" @daniweav no one trades this pair!... STILL" Just keep your options open :) if you decide to buy $LTC using $XMR you will need to investigate the long-term trends to find out when you should sell and what would be good to move into. This is looking similar to the $LTCBTC chart and I'll stand by what I said yesterday; should touch the purple dots before going higher :)
$XMRBTC Chart: https://jp.tradingview.com/x/a9WUfjYU/
Lol ok, how many times are we going to do this before going up? I'd watch this very carefully and set a comfortable stop loss. You can read more about the triple bottom pattern here: http://www.investopedia.com/terms/t/triplebottom.asp
This is why you set stop losses tight. This is an unfortunate play out, but not too surprising since the pattern was weak and the drop was anticipated. You can check out more on the triple bottom here: http://www.investopedia.com/terms/t/tripletop.asp
Well traders, there you have it. Another update to Litecoin! Please upvote, follow and resteem if you found this post useful! I work on these charts for free, and Steemit is really the only way I have to keep this blog going outside of donations! Thanks for reading, I truly hope this helps! Requests for analysis on trading pairs are open, just leave the coin you would like an analysis for in the comments below!
//Disclaimer: None of the content published here constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter.