LTC Cheat Sheet for 2022.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.
Litecoinbtc
BACK TO MY ORIGINAL GAMEPLAN. MONSTER MOVE COMING FOR LITECOIN!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 & 5) and 2 corrective waves (2 & 4), of which wave 1 is always the longest, and wave 5 the shortest. Wave 3 cannot be the shortest no matter the extension.
Now, as we see from the bottom back in early 2015, price rallied up to new ath's totalling a 83,700% increase in growth before finding support at the 0.382 fib region (This is the first step of a first-wave extension).
Forming a channel in the process after two price touch points at resistance, a second touch at support was made on the 2nd retest of the .382 fib region.
Should this be indeed a first-wave extension, we would have our wave 3 target at just under the 1.618 fib resistance hence, 1.382-1.5 fib resistance should be a good measure of where price would get rejected and aligns perfectly with our channel and fractal(well almost for the fractal)
Should Bitcoin have found it's bottom as explained in my recent analysis (link below) then this should be the bottom as well for litecoin, or we risk testing the horizontal support (orange) once more and a possible wick down to the .618 area($74)
If you agree with this idea, pls leave a like and your thoughts in the comments section.
As always, feedback is appreciated.
Litecoin Wallet LTCUSD M30Here 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!
LTC BTC - trending downwardsStrong 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.
LTCBTC almost completed big Butterfly move | Upto 400% expectedOn 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 litecoin’s big bullish BAT, so the maximum extent of the potential reversal zone can be considered as the maximum buying zone for this Butterfly move as well.
Stop loss:
The maximum extent of the potential reversal zone can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 400%, and the loss possibility is only 19%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
LTCBTC can start the chain reaction of harmonic bullish movesSupport 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 resistance of this channel.
Down channel:
Now if we switch to the LTC with BTC pair chart, then on weekly time frame, the price action has formed a down channel and reached at the support. Here the bollinger bands is getting squeezed that is indicating that soon the price action of LTC can break down the support or move to the upside for the breakout.
Bullish Shark:
While the price action is at the support of down channel, on the weekly chart it has also formed a complete bullish Shark pattern and entered in potential reversal zone.
Bullish Butterfly:
On the same weekly chart, with Bitcoin pair, the price action of Litecoin is completing final leg of bullish Butterfly it has retraced upto 1.269 Fibonacci and when it will be moved little bit more down and retrace at least 1.27 Fibonacci level then the pattern will be completed. This Butterfly is bigger than the previous Shark move.
Bullish BAT:
On the bigger time frame 2 month time period chart, the price action of LTC with Bitcoin pair has completed bullish BAT pattern and entered in potential reversal zone.
Conclusion:
The price action has strong support of a down channel and completed different harmonic moves in different time frames in Bitcoin market. These harmonic moves can start the bullish divergence like a chain reaction. The smaller harmonic bullish move can trigger the bigger one and this bullish harmonic chain reaction can lead the priceline of LTC to hit at least the previous highest price in the Bitcoin market that was 0.052 as per Bitfinex exchange in 2013. And if at that time the price of Bitcoin would be at $40000 then the price of LTC can be expected at $2000.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
LTCBTC forme big BAT | Upto 593% profit expectedHi 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 for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
LTC/BTC Monthly bullishnessThe 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. No pain no gain ^^
A big cap dinosaur is waking up!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 some uncertainty back into the investors.
So here we are with a fresh new chart about an old fossilized Bitcoin protocol. Litecoin at its finest is a censorship free decentralized currency running on its own blockchain since 2011. Alike most of old cryptocurrencies its price has fossilized too and hasn't moved a lot in the past few months - it hasn't moved upwards indeed, especially on BINANCE:LTCBTC pair. Now, let's review some technicals which state the clear bullish setup I've drawn.
Trend is evidently bearish and next move won't reverse it at all on daily base, as BITSTAMP:BTCUSD won't go through enough sideways/bearish time for it to grow more. Still it has some room upwards to fill and current Bitcoin move is setting some basis for it. In fact, price action is stuck inside a falling wedge and running below a falling trendline (the blue one) which is very likely to be broken and prepare some further bullishness. All those levels you can see marked on chart are based on Fibonacci retracement: one on larger (white one) timeframe, the other (red one) on current resolution; white has reached it's very bottom at 1.618 level, which was the target for a bearish Gartley pattern, red is stating the formation of a Butterfly pattern (which misses D at 1.272 Fibonacci level). Most of indicators are bearish, meanwhile relative strength index formed a large bearish divergence on daily chart, stating a possible bullish turn.
A trading strategy: the very best strategy is about buying at breakout and selling resistance, so I'd recommend you to buy once it has finally broken the falling wedge; nonetheless I'm pretty confident about this, so that in my opinion you can safely accumulate some at red Fibonacci 1.272 support (0.003615) and unload your bag at white Fibonacci 0.618 resistance (0.004880). In either case, you need to set your stoploss below red Fibonacci 1.618 (0.003468), which is an important bearish continuation level.
Hope you liked my altcoin trust, see you on next prediction!
Trade safe and take care. Anlvis
LTCBTC Update: Profit=39800 SL=800 Reward/Risk > 16.9:1 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 Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 0.005000 touched at 2020.07.06 with 284 pip Profit.
Open Profit:
Profit for one trade is 0.004945(current price) - 0.004716(open price) = 229 pip
9 trade(s) still open, therefore total profit for open trade(s) is 229 x 9 = 2061 pip
Break Even 0.004716
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.004500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.005000
TP2= @ 0.005500
TP3= @ 0.005800
TP4= @ 0.006000
TP5= @ 0.006400
TP6= @ 0.007100
TP7= @ 0.008100
TP8= @ 0.009900
TP9= @ 0.013000
TP10= @ 0.018000
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LTCBTC Update: Profit=39800 SL=800 Reward/Risk > 16.9:1 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 Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 0.005000 touched at 2020.07.06 with 284 pip Profit.
Open Profit:
Profit for one trade is 0.004945(current price) - 0.004716(open price) = 229 pip
9 trade(s) still open, therefore total profit for open trade(s) is 229 x 9 = 2061 pip
Break Even 0.004716
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.004500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.005000
TP2= @ 0.005500
TP3= @ 0.005800
TP4= @ 0.006000
TP5= @ 0.006400
TP6= @ 0.007100
TP7= @ 0.008100
TP8= @ 0.009900
TP9= @ 0.013000
TP10= @ 0.018000
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
2week Litecoin Sits Below Old Support. (LTC)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 the 20s
Best of luck to you. Will keep and eye out on this one, zero interest as of now for a buy.
Short looks more juicy.
🥇MLT | PRO TRADERS
Litecoin long term symmetrical triangleLitecoin 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.
LTCBTC forming bullish Gartley | A good long opportunity aheadPreviously 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 Gartley pattern and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Buy between: 0.006284 to 0.006260 sats
Sell between: 0.006303 to 0.006350 sats
Stop Loss:
The potential reversal zone area which is up to 0.006260 sats can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for short term traders not a long term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
LTCBTC formed bullish BAT | A good long opportunityHi 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 than 45% gains.
Another bullish harmonic pattern.
This time on 1 hour short term chart after successful formation of previous bullish Shark pattern the Lite coin has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time.
Let’s dig the pattern deeper to see how perfect it has been formed.
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 (here i have ignored extra spike) Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.006246 to 0.006225 sats
Sell between: 0.006297 to 0.006375 sats
So this very short term trade can be a good long opportunity.
Stop Loss:
The potential reversal zone area that is up to to 0.006225 sats can be used as stop loss in case of complete candle stick opens and closes below this level.
Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
LTC/BTC ANALYSIS: DOUBLE SUPPORT INCOMING! 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 entering the support zone, where buyers should step in to shake out short positions. T1 is positioned at 5970 sats, followed by T2 at 6180 sats, and finally T3 at 6300 sats. The double bottom zone near 5700 is a strong spot that attracts buyers. Expect the pump to bounce strongly.
Possible Entries: 5600-5750 sats
Litecoin Descending Scallop!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.
LTCBTC forming bullish Shark | A good long opportunityPriceline of World's 6th largest cryptocurrency out of more than 2300 cryptocurrencies LiteCoin (LTC) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection here I have ignored a little bit difference, and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.005560 to 0.005448 sats
Sell between: 0.005660 to 0.005885 sats
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
