LTC.D - Litecoin Dominance Goes WildLitecoin dominance was in a degenerative state since 2019. A strong reversal move has emerged with a 70% gain in a very short time. This is unusual for a dominance chart.
The bars pattern placed just is a punt showing a recovery of the highs of dominance for LTC.
Litecoin is a great long choice based on this chart and other charts linked below
Litecoindollar
LTCUSD - Buying LTC into OctoberOctober in the past has been seen as a short term bullish period for LTCUSD
LTC right now is entering its October state and has formed a sharp bullflag like structure
This could be the time for a breakout on relevant time scale similar to that seen in these prior years
Interesting
Litecoin's potential 🚀Hello, my friends! Let's look at LTC's daily chart! It's look like this great coin going to the moon🚀
Strong level behind and now good to waiting for rollback price and grab some LTC for mid - term - for increase Your portfolio🤑
Just remembered my post from July👇
one more 👇
Stay safe and optimistic🙏🏻
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
LITECOIN - Intraday Update - 12/11/20 (Short-term) LITECOIN - Intraday Update - 12/11/20 (Short-term)
Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support.
Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
💡 Two buy opportunity in LTCUSD , Mid-Term & Short-TermTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (51.40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD 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 76.
Take Profits:
TP1= @ 56.30
TP2= @ 60.00
TP3= @ 64.00
TP4= @ 68.80
TP5= @ 79.82
SL= Break below S2
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Second Chance Trade Setup summary:
Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%}
Stop Loss = 36%
Reward/Risk > 26 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (50.65) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
SL= Break below 48.75
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 275%
Closed trade(s): 41% Profit
Open trade(s): 234% Profit
Trade Setup:
We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020:
Closed Profit:
TP1 @ 50.65 touched at 10.11.2020 with 13% Profit.
TP2 @ 56.05 touched at 10.22.2020 with 28% Profit.
13% + 28% = 41%
Open Profit:
Open trade is 55.30 (current price) - 43.75 (open price) = 26%
9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234%
Technical analysis:
. LTCUSD 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 69.
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💡 Two buy opportunity in LTCUSD , Mid-Term & Short-TermShort-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (51.40).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCUSD 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 76.
Take Profits:
TP1= @ 56.30
TP2= @ 60.00
TP3= @ 64.00
TP4= @ 68.80
TP5= @ 79.82
SL= Break below S2
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Mid-Term Forecast:
Second Chance Trade Setup summary:
Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%}
Stop Loss = 36%
Reward/Risk > 26 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (50.65) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
SL= Break below 48.75
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 275%
Closed trade(s): 41% Profit
Open trade(s): 234% Profit
Trade Setup:
We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020:
Closed Profit:
TP1 @ 50.65 touched at 10.11.2020 with 13% Profit.
TP2 @ 56.05 touched at 10.22.2020 with 28% Profit.
13% + 28% = 41%
Open Profit:
Open trade is 55.30 (current price) - 43.75 (open price) = 26%
9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234%
Technical analysis:
. LTCUSD 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 69.
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LTCUSD Update: Profit=69525 SL=6310 Reward/Risk > 11:1 Trade Setup summary:
Profit targets=69525 pip (690+ 1230+ 1960+ 3060+ 4085 + 6070+ 7505+ 10280+ 15280+ 19365)
Stop Loss =6310 pip
Reward/Risk > 11: 1
Current Status:
Total Profit: 7508 pip
Closed trade(s): 1172 pip Profit
Open trade(s): 6336 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Closed Profit:
TP1 @ 50.65 touched at 2020.07.26 with 316 pip Profit.
TP2 @ 56.05 touched at 2020.07.28 with 856 pip Profit.
316 + 856 = 1172
Open Profit:
Profit for one trade is 54.53(current price) - 47.49(open price) = 704 pip
9 trade(s) still open, therefore total profit for open trade(s) is 704 x 9 = 6336 pip
Technical analysis:
. LTCUSD 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 72.
New trading suggestion:
* There is still a possibility of temporary retracement to suggested support line (48.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (48.75).
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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LTCUSD Update: Profit=69525 SL=6310 Reward/Risk > 11:1 Trade Setup summary:
Profit targets=69525 pip (690+ 1230+ 1960+ 3060+ 4085 + 6070+ 7505+ 10280+ 15280+ 19365)
Stop Loss =6310 pip
Reward/Risk > 11: 1
Current Status:
Total Profit: 7508 pip
Closed trade(s): 1172 pip Profit
Open trade(s): 6336 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Closed Profit:
TP1 @ 50.65 touched at 2020.07.26 with 316 pip Profit.
TP2 @ 56.05 touched at 2020.07.28 with 856 pip Profit.
316 + 856 = 1172
Open Profit:
Profit for one trade is 54.53(current price) - 47.49(open price) = 704 pip
9 trade(s) still open, therefore total profit for open trade(s) is 704 x 9 = 6336 pip
Technical analysis:
. LTCUSD 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 72.
New trading suggestion:
* There is still a possibility of temporary retracement to suggested support line (48.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (48.75).
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in LTCUSDMidterm forecast:
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 breaks.
. If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains maximum to Major Resistance (50.65) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
Total Profit: 22 pip
Closed trade(s): 0 pip Profit
Open trade(s): 22 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Open Profit:
Profit for one trade is 47.51(current price) - 47.49(open price) = 2 pip
11 trade(s) still open, therefore total profit for open trade(s) is 2 x 11 = 22 pip
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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ForecastCity English Support Team ❤️
Litecoin may finally catch upIf you remember the recent crash, you would also remember that Litecoin was one of the main "Large-cap Altcoin" to bounce very strongly. Ever since then it has been rather laggard.
At the moment we have an interesting situation with LTC and it presents a trade. We are currently moving inside an ascending triangle on the Daily Chart which I expect to play out in order for this trade to be successful.
Entry: 46.91
SL: 41.11
Target 1: The Yellow downtrend trendline (Take 25% off here if in case we encounter strong resistance there. Move SL to entry.
Target 2: 68.14 Close the remaining position here. I suppose it will be a fast ride if we break through the downtrend line.
This is my swing position for this month. I will update if we reach targets or hit SL. Cheers and Good Luck!
🔥 LITECOIN CAN GROWTH 🔥Hi, guys💓 Let's see Litecoin in the medium term ⏳
The price moves up in the channel.☝🏻
I think we can expect rise of the price up to $52 in mid-term perspective.
If you are interested in technical analysis, you should like my training ideas. 👇🏻👇🏻👇🏻
🧡Stay with me friends !!!🧡
I try very hard to be helpful for you, friends !!!😘
💎Stay with me dear💎.
Your Rocket Bomb🚀💣
My EDU posts👇🏻👇🏻👇🏻
✔LITECOIN : THE MOMENT OF TRUTH✔👋👋GOOD AFTERNOON, FRIENDS! ✊🏿✊🏿
I have a great mood, that's means I will try to consider the maximum trading pairs!!!🧐🧐🧐
📝LET'S GET STARTED WITH LITECOIN.🌹
🤗You only see, how it looks good!🧐 I offer you, to pay attention to it, and follow its movement.
On the hour time frame, the price is in parallel channel for a few days. An interesting breakout was, but the price wasn't attached there.
⚡⚡NOW VERY IMPORTANT MOMENT⚡⚡
The price is at the resistance level, and it mean, that's DECISING MOMENT⚠:
☝🏿 If the price will fix there - GROWTH IS POSSIBLE☝🏿
👇 But if it will continue the way in the channel, WE EXPECT A FALL AT A STRONG SUPPORT!👇
🤑😍WOW GUYS! LET'S WORK !!! DON'T MISS ANY OPPORTUNITY TO DEVELOP🧲⚠
😘STAY WITH ME, I LOVE YOU 💕
🚀YOUR ROCKET BOMB💣
LTCUSD forming bullish Shark | Upto 12% move aheadHi fox hope you are well, here I have found another profit potential trading idea for you and this time on 6 hour chart the Litecoin (LTC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up.
The Pattern:
After initial 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 Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $56.78 to $55.22
Sell between: $58.56 to $62.15
Stop Loss:
The potential reversal zone area which is up to to $55.22 can be used as stop loss in case of complete candle stick closes below this level.