Litecoinusd
LITECOIN LAYER 1 BLOCKCHAIN.. 1 of the oldest in the game. Greeeeeeeeetings my friends from Amsterdam..
Today my eyes on LITECOIN.. One of the oldest blockchain participants in the game...
The chart is looking very sexy...
definitely going to buy Litecoin because I have high hopes for layer 1 blockchains in the next run.. This in combination with Rollups projects.. Example MAtic and loopring etc...
Getting back to the chart.. We see the major trendline starting back all at 20 october of 2020 till now..
We see the minor more recent trendline and that support line.. Price makes a run, pullback another run and than pullback all the way back at that support line..
Well that wouldn't have been the case if the American indices didn't fall because of the Omicron variant on the 4th of December..
Most of the Altcoins have had a run recently getting back up after that day.. As you see Litecoin hasn't..
Price is ranging/accumulating getting ready for a blow off...
Litecoin Caution over 1000 DollarsA long time ago i discovered a trend line for Bitcoin that stems from the start of the coin. I have posted about these lines for a while now in Bitcoin but they appear in other coins born from 2015-2017 latest. I call these Genesis lines , they always have important reaction events throughout the coins history take a look at the Bitcoin one below .
As you can see this massive trend line was support then flipped resistance , same thing that's happened with LTC.
So if price is entering the red box and coming into the week of May 16th 2022 it will most likely be the best moment to sell , to think we going higher in this zone would be a emotional mistake and way to risky , take profit and walk away , to bet against this mufti year resistance line is a gamble one should not take.
O nce LTC closes a weekly above the 0.618 at 270 dollars , it will trigger maximum momentum .
Litecoin (LTCUSD): Pullback From Key Level
Litecoin reached a key level at the beginning of December.
For the last three weeks, the market is consolidating.
The market formed a falling wedge pattern and broke and closed above its resistance yesterday.
Now we see the retest of its broken resistance.
I expect a pullback to 166 level.
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Litecoin Rally 2.0In my previous TA many of the Fib time sequences that were used did not plan out, hit the first count but second and third failed so revisited the situation in a new light , below I will link the previous TA.
Even though the previous prediction of lite coin rally starting 9th of December failed, I still held that the 4/1 Gann ratio and the 0.618 Fan Fib would need to hold in order to keep the target of 1500 dollars alive.
Here we are ten days later litecoin never closed under the 4/1 or the 0.618 Fib Fan which is what i expected. Now I do have a new set of Fib time dates which for now seem like it's playing out. The move starts building momentum on the 0.5 Fib time and by 0.618 Fib time we start a larger parabolic move , the 0.618 Fib time is on December 21st 2021.
The next date is January 16th 2022 lets see what the date brings , maybe we break the 8/1 Gann Fan? After we break this Gann Fann we can see all time high again. This yellow dotted line has been of major importance this year. Just look at all the reactions we get and now it seems on Jan 16th we get 8/1 Gann and this reaction line crossing , very interesting.
Even though Litecoin is still under the 8/1 Gann , the important thing is for bitcoin to be above the 8/1 Gann right now ,check out the link below .
LTC - mid term trade setupLTC dumped, as most of the crypto market.
Overall crypto future is still uncertain but I like this chart.
LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold.
Risk/reward ration here is acceptable, I'm targeting 50% gain.
When LTC dumped last time it retraced exactly to 0.618 Fib.
For this trade I'm looking also at this level which is also daily resistance (red box).
If LTC dump under 130$ I'm closing this position.
Long term hodl position doesn't have anything with this trade.
Litecoin starting rally tomorrow to 1500 dollars.Over three months I have been waiting for this Fibonacci time sequence to play out if tomorrow in fact is a momentum shift upwards the top will be 30th April 2022 at about 1500 Dollars. All the way back since July I have been linking Fibonacci time dates and now I may have a clear picture of where the top is depending on what happens tomorrow.
Check out Bitcoin Roadmap below, I go over cycle peak projection being April time.
LTCUSD IDEAWith indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and back up to happen and play out by sunday. I will be taking a long position for the relief bounce if I notice a bull divergence on the RSI in the green box area. By weekly close I expect us to be back over the White trend line sitting at 142 where we should continue into next week. This will be a max pain for overleveraged longs from last weeks low and late shorters this week.
Litecoin Rally still starts December 9th....The litecoin rally still starts December 9th nothing has changed , in my last Litecoin TA the ascending wedge played out but I did not expect that flash crash had targets at 185 lowest , god dam.
Anyways the good news is that we haven't broken the 4/1 Gann ratio and the 0.618 Fib Fan, until these two are broken I will stick to my guns and say that the bottom and pivot point reversal for litecoin and this bull run will be December 9th. The fact that we had such a massive flash crash before coming into this Fib time sequence gives it a much higher probability now that price will rally starting from this date.
If the 4/1 Gann ratio and 0.618 Fib Fan break then all projections last 3 months will be invalided , every TA last 3months comes down to December 9th being a pivot point that starts the final leg of the bull run , market sentiment is at covid crash lows! this is the best time to trigger a disbelief rally.
Just 4 days left.
Disbelief is a terrible luxury.