LTC BULLRUNUnlike with BTC, I find that we have found a bottom on litecoin. Looking at the daily, we see a double bottom, with a reversal at ~105usd. It pushed up strong and broke out of the down trend, resulting in a gain from 160-237. Now we have an expected pullback as traders take profit, and potentially traded into BTC since LTC/BTC was at a high of about .025 again. Furthermore, whether people agree or not, litepay is positive news. Whether litepay works as intended or not, this is a great step for crypto.
Currently LTC is trading within a a bull flag, a break up will bring us exactly to our next resistance level at 300
I am long on litecoin and you should be too :D
Disclaimer: This is not financial advice nor am i a financial adviser
*All this is discussed in my video: youtu.be
Litepay
Litecoin BreakoutLitecoin is having a Bullish Cycle with an Elliot Waves Pattern . This also is Supported by its Fundamental Analysis .
Lite Pay: twitter.com
When does LitePay launch?
Litepay is on track to be released on February 26, creator of Litecoin Charlie Lee said on Twitter.
It has been called a “game-changer for Litecoin” by Palwasha Saaim, a Research Analyst at Lombardi Financial.
She said: “It would allow businesses to accept Litecoin without worrying about price volatility.”
Retailers do not have to worry about price volatility because the payment can be converted into dollars immediately.
When businesses accept the cryptocurrency at a given price at a given time, they will be paid that final value - they do not have to be concerned about any price changes.
Next Buy Zone: $205
Target 2- $285
Target 3- $320
Stop Loss- $195
Litecoin (LTC vs USD / USDT) Targets (114%+ Potential Profits)The Litecoin chart vs USD is completely different to the Litecoin chart vs BTC.
Note: You can take a look at Litecoin vs BTC by clicking my profile and checking my latest trade ideas.
Since Litepay is launching, and Litecoin broke some resistance and it is entering a bull run, many people want and need targets in order to be able to trade successfully.
When you start trading cryptocurrency, without a guide, after getting some experience the hard way, you will notice that the hardest part of all is to know when to sell.
You might be able to figure out when to buy. Or you can use the simplest strategy of all, buy and hold... to sell, but when?
It went up 20%. You think that is good, that's a lot, but you know for sure that it can go up more, but how much more?
It went up 100%. Now you are uncertain, will it keep on going up, or will it come back down? Should I sell?
To answer these questions, we need some tools, we need to analyze the charts and extract what we call "targets". Price levels where there is a lot of sell pressure, and we use to take out profits. Here you can find Litecoin's targets for the USD and USDT pairs.
*** Litecoin's target for the pair LTCUSD / LTCUSDT
All time high USD for Litecoin is $420 reached on the 12th December 2017. Based on the Coinbase chart.
We will extract our targets based on this all time high.
Litecoin targets:
(1) 222.22
(2) 297.22
(3) 351.22
(4) 420.22 (All time high)
(5) 617.22 (New all time high)
Stop-loss: 157.22
*** Indicators
* One huge green candle signals the beginning of a new run for Litecoin. I am looking at the daily chart, and the day still needs to close, but we opened at $158 and the price is almost $200 now.
* The indicators are bullish and allowing plenty of room for growth... take a look below.
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Thanks a lot for your continued support.
Namaste.
Litecoin (LTC vs BTC) New Highs (120%+ Potential Profits)Litecoin is now challenging new highs. Last time Litecoin was higher than today, vs Bitcoin, it was in 2015, and the Bitcoin price was something completely different.
Based on the recent highs that Litecoin has reached, it is fighting strong to reach new levels right now. It needs to close above 0.022 today in order for us to test new levels and go for a new nice 120%+ potential profits.
Litepay, which I wrote about around mid January here, is being launched on February 26th and the price of Litecoin, as mentioned from my last analysis, it is already moving strong. There is also news about Litecoin "airdrop"...
We can talk later about the details, as the main request I am getting is for targets for Litecoin holders, so here you have your targets and some more.
*** Litecoin Trade Instructions
Litecoin Targets:
(1) 0.03230
(2) 0.04898
Buy-in: 0.020 - 0.022
Stop-loss: 0.00165
*** Indicators
* SMA20 crossed the SMA50, which is very bullish signals.
* The charts overall are looking really good. There will be ups and down, as usual, but there is room for growth, and new highs to be reached.
* The weekly chart is also really good interesting to me.
Most of the cryptocurrencies have a bull run for a few weeks and then start a very long descent, later an even longer period of accumulation, and finally they start another run. But when a top is reached, they go down strong and hard. Litecoin charts are not like this. When you look at Litecoin, it is a very resilient coin, and it tends to remain strong.
Here is the weekly chart (just for fun):
*** Enjoy yourself
Enjoy your week.
Enjoy your day.
Enjoy every minute...
Namaste.
LTCUSD: Litecoin 30% profit in the short term, hold long termBecause of the announcement of Litepay www.litepay.us happening this month, I see short term bullish momentum heading towards the 220 USD range. If you bought around the recent dip, this would be a great opportunity to lock in some profits on your nearly 200% gain. I would say that holding for the long term is the best overall strategy for this currency.
If this becomes a serious technology and people begin to sign up to accept it as payment, we may se continued growth and even possibly a re-test of the all time high?
www.express.co.uk
Thanks for looking, and for gods sake HODL !!!
I like Litecoin and I can not lie
You other traders can't deny
That when coin comes in with an itty bitty fee
And fast transactions in your face
You get sprung...
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
Litecoin BullishLitecoin has been recovering very well the past few days and appears to have seen a double bottom .
This combined with recent news of www.litepay.us releasing sometime this month should give us the boost up we need to break resistance.
Share your comments and let me know what you think!