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LTC LITECOIN to make a correction to the $66 Level! here is WHYhey guys. in my analysis I used Elliot wave theory, chart patters, candle stick analysis and also fibo levels to get a general idea of where the market may go In the coming few days, weeks! according to my analysis it is very likely to see a correction and then we will have to do a deep dive into the charts to see what they are telling us!! what do you guys think about my LTC analysis? hope you like it feel free to comment below your opinion cheers! my analysis is for education purposes only. not a financial advice!!
by TheMentalTrader
60
LTC|USD - $63 is the Next TargetQuick update from my previous litecoin analysis, your sell target should still be placed at $63. If you took my entry at $40, you should be up at least 50% year-to-date on Litecoin. At the moment, the price action is kinda wierd, expect a hold under the monthly for a bit until the inevitable spike-up to $63. I'm selling my Litecoin at $63 and waiting on a retracement before buying back in. If you're shorting this for longer than a buy-back I have no idea what you're doing. If you have any doubt about my charts, I encourage you to please press play on any one of my analysis' and see how they played out. As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
9
Litecoin - Gearing Up for $63Litecoin blew through the weekly support at $58 as well as the 4H hold at $53, now looking to test the next resistance at $63. It's alright if we pull back down and retouch the weekly level at $58, that just gives you another opportunity to buy-in at a lower price. Price is going to touch $63, just a matter of time. Litecoin has lead the previous bull-run/altcoin season so the price of Litecoin is a great indicator of where we're at in the market cycle. The entire year of 2019 was just a wave of exhaustion or a ripple/aftershock of the price movements in 2017. Now here in 2020 we are looking to go even higher than 2019, I can't wait to see what happens this year. As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
4
Litecoin 4H Analysis - 1/7/20Just like Bitcoin, Ethereum, and XRP.. Litecoin's chart looks about the same. They all look like they're gearing up for some huge move. Going into TA, Litecoin touched this 2-year confirmed uptrend twice, the second time doji candling, not even able or come close to closing below the trend. Just like Ethereum's $140 resistance or XRP's $0.225 monthly resistance, Litecoin has one at $45 marked in red. Litecoin will close above the $45 support and accumulate for a bit until it has another parabolic run-up to touch $53+ As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
Litecoin | Start of the Next Bull CycleLitecoin is just starting or about to start its next bull run cycle. We know it's bottomed out because this green uptrend was drawn on a weekly timeframe that connects the bottom of the previous 3 starts of uptrends before a bigger move. Anyways, we seem to finish the bleed from the move up to $139 back to where we started at around $45. This is confirmed by the uptrend holding this level, almost squeezing price between that and the $45 support marked in red. From here we should either see a violent spike up in price, or accumulation above the $45 support until we have a violent spike up in price. I don't need any indicators to tell me what's about to unfold either, this is the science of trading. As always please do your own research, I am not a financial advisor.
KRAKEN:LTCUSDLong
by kyer
1
LTC/BTC Analysis - 12/27/19Hey traders, quick Litecoin to Bitcoin ratio update. Right now Litecoin looks exactly like every single other altcoin on the market, the analysis I just posted on XRP looks like a mirror to Litecoin's chart. Going into TA, this is what I mean. Right now, just like XRP, Litecoin's move has fizzled out and lost it's long-term uptrend stending from the previous parabolic spike's up. Now, Litecoin has finally found it's bottom along 5590 sats (the price point right before the last altcoin season) and seems to be flatlining along this support. Anyday now, Litecoin will have a parabolic move up now that it found it's bottom. Altcoin season is coming, all we can do is wait. As always please do your own research, I am not a financial advisor.
by kyer
LitecoinMajor coins are showing the same trend as BTC is trying to change direction. I will look at the short and medium term. -LTCBTC- At this point, you are touching the 0.006010 point, which you must protect. If it falls at this point, I don't think it's over. However, if the support is successful, I think there is a good chance that the price will rise near 0.026545. -LTCUSD- You should check whether you are supported by the short-term uptrend line or the long-term uptrend line. ------------------ I think the flow of LTC is not so bad. The upside of the LTC is expected to be determined by the volume of trading that occurs when the LTCBTC breaks through 0.006811 and LTCUSD crosses 49.022.
BITFINEX:LTCUSD
by readCrypto