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LTC-BTC

Litecoin heading to 100, then up!This is how I see LITECOIN We have a clear broading trend since April with two trend lines that price has consistently bounced between. We had that Parabolic move in December that attempted to break out of the upper trend line, but it has failed. After a quick retest of that resistance on January 5th (see red arrow), we have fallen sharply. To me it just looks like a big air pocket, nothing below to stop price from falling all the way down to that lower trend line near the 100 level, which is also a nice psychological level. Moreover, by that time the 200 day moving average should have caught up with price. BUt over all the trend is still bullish on the daily and weekly time frame. 200 day is moving up, trend line moving up, more volume coming in. I think we need a healthy crash to 100, then around that level start to accumulate more for the next run up. That could be some time in the Spring or early summer. If we break that lower trend line, then all bets are off until 25 or so. A new bubble in cryptos could coincide with some concrete real world use of cryptos besides just pie in the sky dreams. THE TRADE: Short LTC or in cash until around 90-120. At those levels start accumulating. Get out if price falls below 90 on a strong red candle. Support my charts!
COINBASE:LTCUSDLong
by BerlinTrader591
2
Does it even matter which coin you choose?This is a 15-min side-by-side comparison of the 4 coins in GDAX market. Notice how they all move in tandem. Makes me think that it literally doesn't matter which coin you invest in. They all have the same percentage gains/declines. - The entirety of the "value" of each coin has been lost on the market. - It doesn't matter what is "special" about each coin. Speed of transactions, transaction fees, etc. It all goes out the window. - Crypto has become simply a numbers game, and it doesn't matter which horse you bet on.
BITSTAMP:LTCUSD
by dsmartgo
8
LTC 0.03 BTC in the next days?I've just noticed that, in the LTCBTC 240 chart, we seem to be almost to the end of a correction triangle, and if LTC grows more relative to BTC (which seems logic to me, since there is a lot of space for BTC holders to start changing to alts after some rising), it can break it up to 0.03 BTC. This could mean that, even if BTC is breaking the ATH, a better strategy could be to sell the bitcoins and buy litecoins (and HODL them), since it has a higher relative rise potential. Please, tell me what you think about it. I'm just an amateur trader (my "pro" tag here is just for a trial period hahah), so let me know if my idea is reasonable or if it doesn't make sense - any comments will be welcome. :)
by gustavoguedes
3
Is an Elliot Wave forming on LTC? have a look what do you think? i drew this yesterday before it reached ath and its following perfectly right now. from investopedia: Theory Interpretation The Elliott Wave Theory is interpreted as follows: Every action is followed by a reaction. Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move). A 5-3 move completes a cycle. This 5-3 move then becomes two subdivisions of the next higher 5-3 wave. The underlying 5-3 pattern remains constant, though the time span of each may vary. Read more: Elliott Wave Theory www.investopedia.com Follow us: Investopedia on Facebook
Short
by acdmbe