LITE
LTC - PARABOLIC IN THE NEAR FUTURE !? Good evening,
I`ve been holding, trading, using, transfering, buying and loving LTC for the last 5 years, and I feel that I owe LTC some bullish cred. ! :
1. LTC seems to be very undervalued in the bullmarket we are experiencing right now.
2. It has all the fundementals of a proper cryptocurrency ,- and since both ETH and BTC ( from the original top 3) has set ATH it would be very likely that we will see LTC getting a significant boost in the near future.
3. The trendlines speak for themselves, and with LTCs seniority in this market it would be weird if traders and holders don`t appreciate it more in value as one of the leading cryptocurrencys that has done so much crypto-community.
Hopefully the trend continues so that LTC can get back to were it belongs - at 3rd place of the biggest cryptocurrencies !
Have a nice weekend, and good luck with the trading !!
LTC 12h Small correction up, and then down to $100Today's idea is to analyze the movement of the LTCUSDT price on a shorter timeframe within the framework of our global idea. We recommend that you re-read it now , and then come back here.
Two weeks have passed since the publication of the global idea, and what do we have? Now our expectations are being met and the LTCUSD price did not go above $168-170 , the high was $166, after which the price move down.
The most positive scenario for LTC that we see now is growth to $149-150.
After that, most likely, the price will move down to test the first liquidity zone of $97-100.
We have schematically showed the approximate price movement in the LTCUSDT pair for the next six months in a global idea , so like and comment , so that it will always catch up with you and remind you of itself.
And we will publish corrective ideas similar to today's one as the LTCUSD price moves.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
LTCUSD:Clear breakout on weekly and possibly a long bull run(!?)With bitcoin amassing the clear dominance in the past few weeks the altcoins have seen very few gains this time.
The market is clearly bullish and altcoins are now probably entering the arena to clench some of the market dominance from Bitcoin.
As observed on weekly Litecoin is completely out of the downtrend as it posted higher(currently $ 71.80) today compared to its previous high($ 68.6 ) on 17-Aug-2020 on the major upward movement for the first time since mid Dec 2017.
The breakout is clearly out of the converging upward and downward trend lines.
The MACD also suggests that a long term crossover happened on around 17th Aug with RSI in an upward movement.
The current technical analysis suggests that the market could
- reach the target price level of around $ 83.5
- followed by a cool off period of around 1-2 weeks
- while testing the support at previous major high of around $ 64
The current histogram trend clearly indicates that we are on the positive side of things and this bull run most possibly could take things up a notch to reach the price levels of around $115(0.236 Fibonacci) to $140.
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The above analysis is solely my opinion on the market considering the technical hints provided by the charts and market movement and not to be considered as an investment advice.
Happy HODLing.
And the name change of my account, now Kingler.
I just loved Krabby and Kingler's(Krabby evolved) first battle back then and the name sounds cool.
Thank you for your time.
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!
Lumentum Hldngs $LITE$LITE was on move yesterday and may attack upward. watch for break outs. It is safe to be long when it gets above $80.18
12 months Consensus Price Target: $90.44
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
LTC/BTCHi friends, I want to show a very strong bullish signal in Daily chart for Litecoin. I think you are familiar with such a definition as the Golden Cross.
Golden Cross - If a 50-day moving average crosses a 200-day moving average, this is a sign of an emerging bullish trend.
Many traders often use the intersection of moving averages (MA) in their practice as a signal to enter a trade. Such an intersection is called the Golden Cross.
However, moving averages have one very bad property - they are late for the price. It happens that the movement is already ending, and moving averages only intersect.
In General, the market looks very good and I expect the movement to continue, especially for those coins that are in the top 30 by capitalization, why these coins, everything is simple for a big player it is possible to invest a relatively large capital in coins with a live market, with a large capitalization, good trading volume, where there are many players. And if you have seen my previous analyse, I said that Litecoin will fly.
I see more potential for growth, especially since the Golden cross is coming soon.