Long lightcoin-tetherus-we have a 4 hour timeframe uptrend since the (10th November)
-on the 15 min time frame a downtrend has been broken after testing the major timeframe trendline
-if it breaks above the 62.28 resistance of the previous high, which we had before the breakout of the trend line, and retests in on the 5min time frame and holds and breaks a 5 min pattern on the long side, i will open a long position.
Lightcoin
PA$HMAT IILTC is holding its diagonal long-term Channel and is currently sitting on the midline of this channel.
In the past, we have seen how BTC dominance has shown weakness and brought a lot of momentum to LTC.
LTC is now at a point of another bullish swing to its BTC pair. This will be a swing to the following resistance labeled as R1.
LTC Historical swings since July 8th,2020 ...
Nov 2, 2021
Sep 2, 2021
Feb 15, 2021
Jan 24, 2021
Dec 7, 2020
Oct 7, 2020
Jul 8, 2020
LTC near long term support#LTCUSDT
$LTC is near a long term support zone and a weekly ascending support.
this area is the same with 0.786 fib level of last swing high.
so I think it is possible that #LTC drop a little more to touch this zone of strong support, then can start another swing high to 1.414 fob level around $270.
my long term view is still cup & handle for $LTC.
LTC triangle#LTCUSDT
we can draw a triangle for $LTC price , that now is near the upper line.
A rejection from the upper line of this triangle will drop the price to around $170, here around this price there is a strong support but it touched 4 times till now , which made it weak, and this drop may continue more.
but a break above the upper line of triangle will pump #LTC price to $190 and even $210
LTC double top#LTCUSDT
$LTC broke down the ascending support line, the nearest support is a zone between $166 and $161, that will go to touch in coming hours.
As I see a double top pattern that shows the correction or down trend will continue to the next support zone, which is the same price of 0.5 and 0.618 fib levels.
LTC head and shoulders#LTCUSDT
It seems to me that $LTC is going to shape a Head and Shoulders pattern in long term.
and now we can see a parallel channel that price is bellow middle line of this channel, a short term down trend with low momentum can happen between $114 and $121.
after that price can go up to touch upper line of parallel channel.
Lightcoin doing a dive LTCUSDAgain, I believe 5th wave is done and dusted and now we are drawing zigzags. That means we can goal it at where this thing might eventually land in a week or so. Fib time is less precise. Anyway, Fibgoals in green dashed, invalidation in red. This is not financial advice. Be safe out there.
LTC/BTC Buy Opportunity 1 WHi Guys we are in possible buy range for LTC/BTC on Weekly chart, please do your own research and this is my opinion only not financial advice
LTC/BTC Buy Opportunity 1 W. Buy at the bottom wait and then sell at the top you can even 400% 500% your BTC thanks to LTC
All the best and happy trading !
LTC Is Struggling - Follow This to Earn MoneyLTC is making higher highs, but find enormous downwards pressure. The bulls don't seem to be strong enough to push the price up, but at the same time no horizontal resistance can be found.
While LTC is still making higher highs, it can be very beneficial to buy the retracements. The higher highs and the lower highs usually describe an upwards trending asset.
There are two trading strategies that I want to discuss here. The first one relates to buying and selling frequently, and the second one to holding it for a longer time.
In the first strategy you can decide to buy all the local dips that form the higher low, and try to buy as low as possible. Then, as soon as the price goes slightly above the previous high you sell. This will allow you to get many trades in, all giving about 6-9% per trade currently on LTC. Stop losses should be placed below the previous low.
In the second strategy, you would wait for a retracement and simply hold. Since LTC is bullish overall, and we see that there is still a 37% upwards opportunity you can just hold until the next zone of horizontal resistance and sell it there.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!