Let's see how true this plays out going into 2023. I prefer to trade long term and create guides like this for myself to keep me on track. Hope it becomes useful for others as well. Not Financial Advice.
If you've been a follower for long then you know the story of my username, and my plan to make it all back at the time. Well, it's time to revisit that plan. Looking at the chart above, current Price action is signalling for a confirmation of a First-Wave Extension. First-Wave Extension is and impulse move consisting of 5 impulse waves, 3 to the upside (1, 3 &...
Here is my view for LTCUSD on M30. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Strong BTC sees the LTC/BTC trend downwards after a strong surge. Falling resistance levels as well as tight support levels on all timelines. Slight falling EMA to watch too.
On the long-term weekly chart, the price action of the Litecoin has almost completed last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. I have placed the pattern up to 1.618 Fib only for the educational purpose otherwise it is not possible that the priceline may enter in negative zone. Previously I shared an idea of...
Support and resistance levels: In LTC with USD pair, on the long-term weekly time frame chart, the pricline of Litecoin has been rejected by $170 resistance and now moving between $140 support to $170 resistance levels. Up channel: On the daily time frame chart, the price action of LTC has been bounced from the support of an up-channel and now moving towards...
Hi friends hope you are well and welcome to the new update on Litecoin. On the long-term 2 month time period chart, the price action of the LTC has completed the final leg of bullish BAT and entered in potential reversal zone. Possible profit and loss ratio: This trade has a profit possibility of 593% and the loss possibility is only 46% Note: Above idea is...
The price is breaking a falling wedge. MACD crossing bullish after a big cycle. RSI in the lower side showing the break of a wedge as well. The target is the 0.618 fib level. The set up is very good but in case of a fakeout it could retry the previous low of Feb/Mar 2017 at 0.003 sats before signigicant upside, target which is at a 27% drop from the current price....
Hello there, I still believe in Bitcoin protocols, so here is my view on BINANCE:LTCBTC , enjoy! American elections sent market crazy and that's why we have seen a rise in volatility since the last week of October and the beginning of November. Lately, both stocks and cryptocurrencies has gone up and I believe this bubble will keep growing until Trump is putting...
Trade Setup summary: Profit targets=39800 pip (500 + 1000 + 1300 + 1500 + 1900 + 2600 + 3600 + 5400+ 8500 + 13500) Stop Loss =800 pip Reward/Risk > 16.9 : 1 Current Status: Total Profit: 2345 pip Closed trade(s): 284 pip Profit Open trade(s): 2061 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.004716 based on 'previous...
Trade Setup summary: Profit targets=39800 pip (500 + 1000 + 1300 + 1500 + 1900 + 2600 + 3600 + 5400+ 8500 + 13500) Stop Loss =800 pip Reward/Risk > 16.9 : 1 Current Status: Total Profit: 2345 pip Closed trade(s): 284 pip Profit Open trade(s): 2061 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.004716 based on 'previous...
If we were to zoom in on the weekly for litecoin we would see a lot of doji rejection off of old support as Resistance. The 2 week is still red across the board, even on the ema dots. My main concern is that the pennant has broke. If we fail to push up we could see a strong sell off. If sell off occurs next place to look for is horizontal support on lows in...
Litecoin is in a long term symmetrical triangle, this pattern is decreasing the price range and volume. Usually symmetrical triangles break within 70% of it's body. We should look closely to this triangle as the price moves, chart is in log scale.
Previously on 8th Jan I posted an article where on 12 hour chart the Litecoin with Bitcoin pair was forming bullish Shark then finally the price action of LTC entered in PRZ area and produced more than 45% gains. Formation of bullish Gartley: This time on very short term 2 hour based chart the price action of LTC with Bitcoin pair is forming bullish harmonic...
Hi folks hope you are doing good, in my previous idea of Litecoin with Bitcoin pair we have seen that the LTC had formed a complete bullish Shark pattern 12 chart. The formation of that pattern was started on 26th Dec 2019 and completed in 8th Jan 2020 and we have seen that on 8th Jan 2020 the price action moved up with the powerful divergence and produced more...
Signal LTCBTC LONG Open 6139, SL 5962, TP 6784, Risk/Reward: 1/3.64, Leverage: 3x
LTC/BTC ANALYSIS: LTC/BTC is trending hard in a DOWNWARD channel. There is a possibility for one final leg down into my ideal entry zone for a long position. That entry zone is between the zone of 5600-5750 sats. Recommend to stagger long bids within this zone to dollar cost average. The outlook on LTC/BTC can be bright. I expect a break out of this channel upon...
Litecoin has formed a descending scallop on the daily chart, this is quite early in the formation but it looks to be forming it. Currently sitting in a weak regression uptrend, using this as a reference, it will most likely be broken. As said on chart any area here is good for a long entry. Still very cheap in retrospect.