LTC Wyckoff Accumulation Pattern I could be wrong, but it seem to me that we are in a 6th wave of a wyckoff accumulation pattern that usually consists of 7 main waves. Al that points out that LTC hasn't reached the bottom in this correction yet.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.
BITSTAMP:LTCUSD
Litecoinusd
Litecoin in lovely upward- channel Here are 2 setups of which I hope we will see one, either repeating the white one or the black one. Both would be nice to see considering we speak about 20-25% in just a week from now - and even intraday-trading would be interesting in the situation - I am in.
Good luck!
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
[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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LET'S GO LITECOIN!I'm looking at a larger trend line going back to Sept 2017.
It appears that we have finally broken thru and are en route to all-time highs.
Overall healthy volume in spite of the random spikes.
The MACD showing it's getting ready to do the flippy thin which is normal.
I think we see this consolidate from here down to $200 for another week or so, but I expect to see all-time highs by my birthday in May..
If we break that greater trend line then I can see a dip as far as $180
BINANCE:LTCUSD POLONIEX:LTCUSD
LTCUSDTHello to you all. Mars Signals team wishes you high profits at all times.
Litecoin touched the 230 dollar price but could not go passed it.
Our first scenario is that if it can not break its 230 dollar resistance, it will first be subject to falling all the way to the 188 dollar and if again the price is not supported and there is a high selling pressure it will continue falling 172 dollar price.
The second scenario is that it will start ranging to break either its resistance or support.
The third scenario would be that if it can not hold on their supports, the price could even come down to its final support which is 125.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
$LTC broke out of a textbook Adam & EveHello dear padawans and crypto traders. I think 2021 will be the year crypto establishes itself in the mainstream financial markets. Not only institutional players started catching up but retail investors are also realizing that cash is very weak. According to several articles I read the dollar is expected to lose a big chunk of its value in 2021. Yale economist Stephen Roach estimates a loss in value of about 35%. That is a lot of value to lose in one year. Additionally, people are realizing that our financial system is corrupted by default. It is designed to favor big players and corporations over the rest of us. The most compelling example of that is the GME/AMC fever that forced brokers to halt trades on those tickers. Had they not placed the halt they would most likely not be solvent. That means they are not expecting retail traders to move stocks like that and that the whole system is designed with that premise. That sucks, doesn’t it?
That is my view on why I believe crypto will start flying higher from here on out. Things could always turn out different because there are so many variables in this game but a lot of evidence points to a definite rise in the crypto market cap and more broadly incorporation of crypto into everyday financial activities. Bitcoin is the main player but several other coins will benefit from that rise. LTC is one of them.
All that said, let’s take a look at LTC. As you can see on this weekly chart, LTC just broke out of a textbook Adam & Eve pattern that has formed over the course of almost 3 years. The mid term target is the measured move from the lower valley of the pattern (the V portion of it in this case) to the neckline (resistance) plotted on the breakout level. That would take us to about $290 in the mid term. That doesn’t mean the price couldn’t retrace from here (it does look a bit overextended) but the overall picture is very favorable for new highs.
I am accumulating at these levels and will continue to do so if the price retraces.
Good luck and safe trades!
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Litecoin & Tom Lee are about to explodeHi,
Take a look at this bullflag not bad
Market makers will probably leave Link or AAVE on the side a little !
Important thing to notice is that LTC confirmed support on the neckline and his ready to breakout soon.
Very very nice W pattern, juste take a look at your M Chart !
2013 bullrun hit 55$
2017 bullrun hit 421$ (4 years later)
2021 will go where? (8 years later) Mr Fibonnaci say around 1360$ (361.8%)
2025 will go where? (12 years later)
Neckline betweeb 121 and 146$
Take a look at LTCN new Grayscale Litecoin new products!
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.
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 !!
LTC Big Correction Could Be Underway BITFINEX:LTCUSD
We are all waiting for this big BTC correction to happen and start the real alt season. If LTC is able to climb above 0.5 fib. retracement level before btc corrects, it is possible for LTC to then also climb above touching the 0.618 level and then go for a bigger deep. This correction could potentially be the last big opportunity to buy ltc this cheap.
Any of the 0.5 or 0.618 retracement levels could reverse the price in a short term, but 0.618 level will probably be the one that will reverse the a price for a correction.
I am not a financial advisor so don't buy anything that a say. Wish you all successful investment.