#LTCUSD Continuation of the triangle break expectedAfter a super health breakout, it is possible a retracement and a continuation of the uptrend
Litecoinforecast
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.
LITCOIN (LTC) UPDATELTC / USD
in my last Analysis about litecoin i draw long trendline support and we see ema 50 in which the price respected it perfectly since October
Today we got first bullish price action at support level
According to previous LTC behaviors since October we can expect pump soon around this area
Bulls should hold lower trendline which is very important support here
Good luck
Litecoin: +78% in the Next 9 Days?Since October 2020, Litecoin ( KRAKEN:LTCUSD ) has only closed below my daily close support trend line TWICE. The 1st daily close below was in December and it was only for 1 day, which means it turned out to be a false breakdown. In the following 9 days, Litecoin went up 78%. Tonight was the 2nd time.
Will history repeat itself? Or will Litecoin begin a further decline below $193 and head for the declining support around $170? Let's see what tomorrow brings. I'll be ready for either scenario. Are you?
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LTC steady 10 Days then BoomIm noticing a similar pattern to the 18th of February. The drop may not come because volume seems to be higher and BTC on the 18th was dipping but its rising now. So we may go slow instead of any major dip then rocket as BTC does.
LTC to $300Very simple chart here.
I think Litecoin is finding a good support in the $190 - $200 area - we're in a long term ascending channel and everything looks like it will continue that way for now.
I'll be looking to scale profits from $300 - $350
-FreddyFlamingo
Litecoin cheat sheet with FibThis is a weekly chart of litecoin's history that goes back to 2014. It shows the major resistance and support areas and how litecoin reacts to them. As we can see at the moment we are within a major support and resistance band that just might be where the next bear market should land. So even you buy here and don't sell the top you are most likely buying the next bear market. Simply said, purchasing here makes you future proof.
*There is only one guarantee in investing, there are no guarantees*
LITECOIN (LTCUSDT/LTCBTC) Long&Short Trade Setups 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $190-192 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: Retest and Continuation (61.8Fib)
1. Price Action: Price needs to move back up to the 61.8Fib @ $211 and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
LTCUSDT 4H-TIMEFRAME ANALYSIS✨LTCUSDT 4H-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for Litecoin LTCUSDT
I expect the price to move higher...
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
LITECOINGreen text box gives you muh ideas...
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
Not the best deal. Risky. But you can trySince Bitcoin is growing, many people are reluctant to buy it. They want to buy different Altcoins.
If you really want to buy Altcoin in addition to ETH, LTC might be a good option for you.
SL: If 1D candle closes under 164.
TP: Depends on the market situation. I recommend setting up 50% on the $298. But it is safer to buy bitcoin at the moment.
Litecoin Long Term TrendI've got my eye on Litecoin for a swing trade. This is my long term trend analysis for my short term swing set up
Litecoin Bears Are Heading For $130 Litecoin topped at $247.82 and it made a sharp decline which fits for an impulse wave (a) of a zigzag pattern. According to the Elliott Wave principle, a three-wave correction in opposite direction follows every impulse pattern before the price continues in the direction of the impulse move.
That three-wave correction is the short-term rally that took the price to $205.54 in wave (b). Now we expect the price to continue in the direction of the impulse in wave (c).
In a zigzag, wave (c) used to equal in size as wave (a), so targets below $130 area are plausible in wave (c).
What's your view on LTCUSD? Let me know in the comment.
Thanks for reading!
Veejahbee.
LTCUSDT Litecoin comeback time!!! Experts please clickLet me know what you think about this. I got myself convinced, Litecoin new all-time high by or before May 01 of this year. Join the lite side folks, together we will contest Bitcoin. Not real financial advice, in fact I am still very new to all this, just here to dabble my feet and try to learn from you all. That being said, please leave any comments, questions, concerns, ideas, or anything you come up with in the comments. I love to hear back from you guys, I need critiques.
Litecoin - The good scenario and the badOur updated chart with very simple but major support and resistance levels. Price will soon pick a direction, either support and higher or very simply lower to previous support.
Hope it helps
Litecoin LTC Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
LTC Litecoin Market Cap $18,993,843,023
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
LITECOIN/USD: The price will GROW more inside its RISING WEDGE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
LTC/USD
⚪ Technical Analysis :
Since February, the price has been following a clear uptrend, moving just around its EMA 200, forming an interesting rising wedge pattern. (See the rejections on its dynamic lines)
On the 20th of the same month, the price got a nice rejection once it reached its dynamic resistance line, falling quickly down until a support zone at about 221.25.
It is creating lower highs and lows, so there is a possibility of market's weakness, but don't forget that overall, the market is still bullish and the h1 time frame is full of noise!
It is currently consolidating between the two levels 221.5 and 231.1, almost closing its 4h session with a bullish hammer, so I'll be looking for a breakout of its resistance zone.
🔴 Conclusion :
Considering the bullish market, I'll be looking for a long position on this trade, so eventually I'll see a proper breakout of the resistance zone, with a closing upbar at about 233.8, I'd definitely entry long.
My target profit would be the level at about 257, up to its next resistance zone and the dynamic resistance line;
My stop loss would be at about 219.50, just below the support zone and its last low.
If the price will break down breaking through the support zone and the rising wedge pattern, this setup wouldn't be valid anymore.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
LITECOIN (LTCUSDT/LTCBTC) Daily Trade Setups 2021/02/18Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out!
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Trade Setups
Below are the potential trade setups that I would be interested in trading:
LTCUSDT
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $205 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to $239 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above $239, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
LTCBTC
Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ 0.004300 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #2: Breakout and Continuation
1. Price Action: Price breaks above and falls back down to 0.004900 and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 0.004900, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
About Me
I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
I have worked on Wall Street trading bonds, stocks, and options.
I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
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DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
[17 Feb] Litecoin On The Run...Bullish ContinuationWe managed to see a rejection off a resistance level@228.80. I am expecting litecoin to make a short BEARISH retracement till 78.6 fib level (or touching my moving averages) before seeing a BULLISH continuation. This will be a BULLISH push for litecoin as it is building strength for a potential breakout, continuing its upward climb. I will be eyeing a 161.8% fib level as my TP level as of now as. This is subjected to changes as we head closer to the level. I will be updating on this post so do keep a lookout.
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LTC - 2h. Buyers kept of $192-196. The next target is $260After updating the local high on February 14 and testing the mark of $230.77, the LTC price began to correction. Buyers received a major blow in the range of $192-196. It is in this range on February 15 recorded large volumes, which sellers wanted to push the price lower.
However, as we can see in the chart, buyers were quite interested in this range . Completely depleted of sellers, buyers began a new attempt to grow within the black local channel. Confirmation of the continued rise in the price of LTC will be a retest the mark of $217.
If buyers can keep this mark, we expect to continue to grow to $250-260.
In addition, the positive dynamics in the BTC market contributes to the growth of LTC:
The critical point of this scenario is the range of $192-196. If buyers do not keep it on the LTC market, a deep and protracted correction will begin.
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Litecoin want ATH LTC / USD
aiming at previous ATH
Last drop was very good retest at weekly demand in 185$-170$ area
I hope we hold weekly above that level so we can go to ATH soon and may be more++
LTC/USDT - the wake up of the Litecoin - potential 61% movementHello, Traders!
The asset has entered an uptrend.
The RSI on the daily timeframe got out of the overbought zone.
Consequently, we can expect a final wave of growth.
The entry in this wave of purchases can be looked for in the range of $ 190-200.
Place SL near under the price level of $165
Target prices will be Fibo levels:
$221
$235
$272
$309
Good luck and watch out for the market!
P.S. This is not a piece of financial advice but only a trade I would be following myself
LITECOIN - Our support levelsHere is our updated chart on Litecoin.
Support at 209 (mild) and 192 (Huge one).
Litecoin exists because of Bitcoin. If Bitcoin is Gold, then this is your Silver.
