Litecoin - The Comeback of LTC Part I - BULLEESHHH PRICE FORCASTLTC, like before, has watched ETH and BTC moon without it. It wants some of the limelight. It is Litecoin's time to shine. I am going to send it from here- but do not let any freak pullbacks shake you out- as long as MTF trend confluence continues- This BEAST WILL RIP!!
Sincerely,
- SKYLOBSTER
*** This, as with any other content produced and shared on trading view, is not financial advice. Hell- In fact I wouldn't take financial advice from myself.
I did not like Trump very much, but sheesh WE CANT LET CONFEFE DIE.
Litecoinforecast
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 !!
Holding LITECOIN for the x2.36 profits this year! $500 per LTCPrice of litecoin making strong uptrend, but overall performance is quite smaller than other alts and btc.
On the chart I've found potential great opportunity for holding ltc for this year. I have compared performance with ethusd and look at the 3 horizontal lines
These 3 lines represent resistances and ETHUSD making moves ahead of the LTC, which makes me think we are still in the early entry for LTC.
So according to these lines, we going to see new All time High for Litecoin during 2021.
Also take a quick look at Moving Averages, they crossed on eth and it made the move, now on ltc same picture, moving averages crossing before the move...
Happy Hodling, make sure you following the risk management.
Stay safe
Artem Shevelev
LTC - 4h. Below $178 sellers will start the correction.The wave of rising LTC prices on January 27 gave LTC investors the opportunity to take 75% of the price movement. Buyers have managed to break the critical range of $178.5-181, but we are not sure that they will have enough strength to hold it.
This range is importan t because it started a powerful wave of falling LTC prices on January 10.
By the way, the goal of our previous idea was achieved:
Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market .
The first target in this scenario is the range of $145-150 . The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124.
However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices
P.S. our global idea:
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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LTC A Big Bull FlagThe price action still moving within $170 resistance and $140 support levels.
On the weekly chart, the price action has formed a big bull flag.
Within a bull flag, on the small-time period 4-hour chart, the price action of LTC is forming different harmonic moves, and as it has reached at the end of bull flag which is in fact a symmetrical triangle, therefore, a breakout can be imminent.
💡 Don't miss the great buy opportunity in Litecoin/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (139.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/TetherUS LTCUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 157.0
TP2= @ 166.0
TP3= @ 185.0
TP4= @ 200.0
TP5= @ 228.5
TP6= @ 255.3
SL= Break below S2
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My love and personal plan for LitecoinHey folks, I'm sharing my plan for LTC
First I'll go into why I'm holding for the long term and then I'll
dive into my thoughts of the current markets and my short term set up.
First let me state Litecoin is one of my absolute favorite ALTs.
I've held a position in LTC since the 55$ level. LTC doesn't typically get
the hype/attention (or growth) like BTC or ETH but I believe it still has tremendous potential.
Why? Well gather 'round kids.
It's appealing to the new investor with the all too common "unit bias" issues with BTC.
It has practical uses, speed, support and a generous but limited supply double that of BTC.
While many coins have approached and surpassed their ATH, LTC has not
So new Litecoin investors will be happy to find themselves "in" early.
LTC is 140$ currently and that is still LESS THAN HALF of its ATH from $360 in 2017.
People looking for a little less volatility and a little more sustained growth I think will
find the community and supporters of Litecoin with open arms. And I only hope that LTC
won't come prey to these pump n' dump scams although.. it's a very real probability.
In this case I would stay very vigilant with dynamic stop losses as it goes parabolic.
To be honest If I see an enormous and quick rise in LTC I would likely transfer the position
over to bitcoin as the LTC/BTC market spikes for safe keeping rather than back into USD.
Now will LTC hit $360 this month?!?
Perhaps, but imo it's doubtful. But will it hit it's ATH gradually over this year or the next?!?
Well now we can start taking some small, but meaningful longs as the dips allow.
Slowly, but surely increasing positions and generating money that works for
you rather than explodes and vanishes....
I know DCA isn't the most exciting thing, but it works very well over time.
Now for the short term.
Currently Litecoin is trading at 140$ trying to push out of its weekly channel.
If LTC rejects the 150$ level I expect it to continue to oscillate between the $148-120 parallel channel pictured.
If my time allows I would sell partial positions to try and buy back in at the support. But I do plan on holding 85%
of my coins as day trading these levels could prove profitable however missing the breakout could negate these trades...
The support it holds at the $115-120 area is over a month long and well tested. Dips into these areas push me to
further my long position in small increments. Multiple candles below the $115 mark would to me signify a larger
push down to about a $100 and even less. I do not think this will be the case near or long term however it never
hurts to be prepared. My stop loss hovers near the 100$ mark which would still about double my initial investment.
These are my personal viewpoints and they remain flexible.
I hope you found them just a bit informative.
Cheers & Stay safe friends.
-Bruce
Litecoin (LTC) This Will Be A Big Chain Reaction Of Bull RunHey friends, hope you are well and welcome to the new update Litecoin.
Support and resistance levels:
After getting rejected by $170 resistance now the price action is breaking down the $140 support. The next support is at $110.
Up-trend line support:
The priceline of LTC has found good up trendline support on the 2-day chart and testing this support at the moment. At the same support level, there are also exponential moving averages 10 and 21 supports.
Down channel:
On the weekly chart, the LTC with BTC pair has formed a down channel and the priceline is at the support of this channel at the moment. There are 25 and 50 simple moving averages resistance levels above the priceline.
Shark Move:
The priceline has completed a Shark move on the weekly chart and entered in the potential reversal zone.
A bullish Butterfly move:
If we zoon out the same weekly time period chart, then the price action has completed another bullish harmonic bullish Butterfly move. The final leg is retraced up to 1.269 Fibonacci level whereas we need a retracement up to 1.27 so there is a difference of 0.001 Fib level. Therefore it is possible that the price line may drop a little down and then start a powerful rally to the upside.
Big BAT move:
On the very long-term 2-month chart the price action has completed a big BAT pattern and entered in potential reversal zone:
Conclusion:
The price action has formed a small shark then a big butterfly and then the biggest BAT harmonic moves. Therefore there can be a big chain reaction started that will lead the price line to set a new high.
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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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 :)
Will litecoin finally make an advance?I have been posting on litecoin holding support for the entire month. Price enters the support zone, bounces, then seems to re-enter a week later. Is the third time a charm?
The price action has looked very similar to bitcoin... Not sure is that's good or bad but both are bullish trend still so until that changes my bias still remains bullish. Maybe the most recent trendline break will mark a bigger turn upward.
Anyone have any ideas for the range/consolidation behavior?
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:
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Litecoin IHS to $179Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another profit taking near $220
Let's see how this plays out over the next 7-10 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
LTCUSDT has completed big bullish setupHey friends, hope you are well, and welcome to the new update on Litecoin.
Rejected by resistance:
The price action of LTC is rejected by $170 resistance and moving between $140 to $170 support and resistance levels.
Broke out the channel:
The price action broke out the resistance of the channel on the daily chart, but formed a head and shoulder and broke down the neckline. Then it re-entered in channel but now finally it has again broken out the resistance of channel and crossed simple moving averages with the time period of 25, 50, 100 and, 200.
Formation of the new up channel:
On the daily chart, the price action of has formed a new up channel and having good support of 25 simple moving average as well.
Big Shark move in Bitcoin market:
On the long-term weekly chart, the price action of Litecoin has formed a big shark and just spiked in the potential reversal zone. It may give us another chance to catch it from the potential reversal zone area.
Conclusion:
We can assume if the price action of Litecoin is going to move up against Bitcoin, then how much bullish it can be in the near future in the USD market.
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LTCBTC formed a big Shark | For Upto 43.5% bullish moveHi friends hope you are well, and welcome to the new update on Litecoin.
On the long-term weekly time period chart, the price action of the LTC has completed last leg of bullish Shark pattern and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 43.5%, and the loss possibility is 9.5%.
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 join:
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