LTCUSD 1H ATR STRATEGYStep #1: Make Sure Your Chart Setup Configuration Looks the Same as our Price Chart
Step #2: Wait for ATR Indicator to break above 20-EMA
Step #3: Check the Price Chart to Ensure the ATR Breakout is followed by a Price Breakout
Step #4: Enter Short Once we break Below the Low of the Breakout Candle
Step #5: Your Take Profit Target should be Equal to the ATR indicator value
Step #5: You determine your own TP strategy
Step #6: Place the Stop Loss above the Breakout Candle High
Note** The above was an example of a SELL trade. Use the same rules – but with the only difference that you need a bullish breakout candle – for a BUY trade.
Litcoin
Litecoin shows its True ColoursLTC has been consolidating for over two weeks, and on the 27th of June, one candlestick shined the light on LTC. You can see from the chart that once we broke down through $115, the buyers came steaming in to grab their bargain. I highlighted the potential of this area in my last post, where I clearly stated that $115 would be the halfway point to the real all-time high.
The buyers did not disappoint, which means we now know where our support price is. The question is, what is next for LTC? From my point of view, we need to see a break of $140 with another strong bullish candle.
Could we drop below $130? = high possibility due to consolidation in BTC
Conclusion: If BTC does not hold its price, then we will see the ripple effect in the LTC market. If the price drops below $130, It would be a fantastic opportunity to buy. At this point, we need to see another strong bullish move through $140, which would line LTC up to smash through $150.
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"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
Are bots cashing out crypto currencies now? SELL NOWI'm watching all day what is happening on Coinbase Pro today and it looks to me like a huge sell off of coins. Checked other currencies too and looks very similar to me. Bots pumping up the price to the top then selling coins then pumping back a bit and again selling coins. Coinbase pro looks today like a computer simulator now, there is no real trade in my opinion, just draining the cash. I recorded a video to show you the process youtu be /CpvYWjyRqYw
What do you think ?
Litecoin - Burnt out & needs more fuel - Buy or Sell ?Let me make this clear. There are no bulls in the Litecoin market because they are not stupid and this is the second time I have made this statement
In my last post, I made it clear it was a great time to buy Litecoin. Little did I know that we would rocket past $130. Now! Before we start talking about going to the moon, we need to realise that there is no fuel left in the tank. The price will need to test the $130 to ensure that buyers are comfortable holding Litecoin's value above $130. No one should be trying to place shorts against this cryptocurrency and with the price above the Bi-Weekly and Monthly VWAP (Blue and Yellow lines) we should all be looking for small pullbacks to buy again.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
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Conclusion: Wait for the price to drop below $132 before buying more Litecoin. As the halving is only 54 days away (AOW), you can not go wrong with being bullish with Litecoin and these strong technicals. Remember soon than later the price of Litecoin's halving will be factored in before the event. Stop loss should be positioned below $112.
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
LTC – Halving is coming – 300% gain possible – 7 weeksHi Guys!
We are sure many of you already have heard about halving of LTC this year.
It will happen on the 5th of August 2019 .
The last time we were weeks before halving the significant rally appeared.
It happened in 2015 at the beginning of May.
In that time we were just a couple of weeks from halving.
Those who invested could gain 470% within just 8 weeks .
This can happen this year or we can even surpass this result.
So don’t wait too long.
Look at the daily and 1H chart .
Once there is a dip simply buy and hodl for couple more weeks.
Moreover, every time we have a breakout from the negative trend on the weekly chart we can count on rally gaining from 200% to even 500 %.
Furthermore, when we look at Weis Waves we can see supply is evaporating .
All we need is more demand.
Be ready for it. It will burst very soon.
This is a super opportunity to earn really good money .
Take a look at the chart.
Don’t hesitate too much.
Don’t panic . Some corrections on the way up are possible.
Thank you for reading and your time.
Tell us what you think in the comment section.
Are you also bullish?
Hit a like to support.
Massive Hugs!
WBM Team
LTC : Short Term Reversal PatternRSI : 52
Volume : A good pump in the last 4 hours.
Note : Broke our from the falling wedge.
Accumulation Area : 11300 sats - 12300 sats
Distribution Area :
Target 1 : 12940 sats
Target 2 : 14096 sats
Target 3 : 14981 sats
Target 4 : 15893 sats
Target 5 : 17191 sats
Target 6 : 18845 sats
Stop Loss : 10800 sats
LTCUSD $Bitstamp C&H #longLTC has a perfect C&H and obeyed 38.2% retrace (61.8% fibo on chart because it's extension fibo), without dropping low to 50% fibo and so invalidating the pattern. The handle was drawn with a channel tool and it's perfect one too, maybe need a leg down to find E from ABCDE, but can't drop to 50% fibo (again, that would invalidate pattern, but not ruin the potential uptrend).
Targets are drawn on chart with fibs and arrows, the last one (200% fibo) is long term (which in the scenario we stand could really be mid-term) and algo fibo is 178% which should see a temporary sell off depending of the strength of uptrend.
All in all this pattern is traded once we have confirmation (breaking top of cup and testing it), but there's a good potential here and RSI bullish hidden divergence.
LTC Searching for support I am visiting litecoin for a possible Long trade. It is currently at support Which has not been holding that well in my opinion. If we get a bounce here I will be looking for a long with targets being 100 and 133 for a possible 5 wave. This is completely indicative to whether bitcoin will find support. Watching for now hedging the market. I am not sure where it will find support, watching for confirmation . Overall trend is still undetermined for me.
LTC/ETH trading pairSince the beginning of February, we have been watching the outperformance of LTC versus the remainder of the top cryptocurrencies. We have been eyeing some spreads and think this recent rally of LTC presents an opportunity to employ a mean reversion trading strategy. This kind of strategy involves making a bet that prices will return back to the historical average price level. From the chart below, we can see how the recent rally in LTC started around February 7th, as the relative return on investment in percentage terms pulls away from the other top 5 coins. The laggard in this chart is Ripple. BTC and ETH remain close to unchanged.
www.cryptocurrencychart.com
A chart that really intrigues us is the LTC/ETH trading pair. This spread is currently trading ~0.437. In December 2017, this spread rallied from 0.20 to 0.50 in the matter of two weeks, only to slam right back off. This trading pair remained within a channel between 0.15 and 0.325 for the full year of 2018.
The 200-day exponential moving average is currently ~0.30 and the 50-day exponential moving average is ~0.38. It appears there is some resistance at current trading levels around 0.45, similar to what was seen in December of 2017. The LTC/ETH chart appears it may “turnover” as the purple curves depict in the chart. If this indeed occurs, you may see this trading pair price 'mean revert' back into this historical channel.