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LTC-BTC

The LTCBTC Chikun Egg just be hatchingI see this and I am obviously biased, but it's really hard to see a bearish scenario here. When I say "hatching" I mean Litecoin/BTC has broken through some serious resistance above the 50W EMA. If we see another weekly close above here that would be mega bullish. First, lets looks at resistances. Drawn in purple dotted lines are the first short term resistance I see LTC encountering. Prior resistance was briefly broken on last weeks high wick compared to the high during the week of December 21, 2020, thus creating a very small higher high. Up next is breaking through and closing above .005 which is the most immediate resistance point we have to face (no line drawn). It's worth noting that in the short term while the 21W EMA (blue) recovers we may at some point retest it. Right now we're battling with the 50W though. If history is any indicator, the last time LTCBTC touched .003 in Feb 2017, the 21W EMA violently went up against and above the 50W, we could see similar price/ratio action here in the coming weeks. It may not last long though, again if history is any indicator. LTCBTC seems to unfortunately spend most of its time under the 50W EMA, it has been major resistance since June 2019. The fact that we are breaking through it is MEGA bullish to me. Screw the recent selloff we saw in the last few days lol. Some more upcoming resistance that is noteworthy is around .008 which is confluent resistance with Feb 2020 highs and also the 200W EMA. That will make it harder to break through, but in my eyes, it's just a matter of time before we have the pleasure of testing it soon. The 200W EMA will be a monster to break through but if we clear it OH MAN am I getting a girlfriend. I don't have a lot to say about support levels since we haven't created much in the way of support yet. The first support would be created at the 50W EMA but so far that would be weak, the stronger support would be around the 21W EMA. I'm not sure how good of TA this is, but the MAC'D seems to be in a long term equilibrium, and as we see it begin to narrow down and break out, this may take off like it has in the past. Lastly, one of my favorite things to see here is the RSI. Not much explanation is needed, just look at that 'beaut. That Brontosaurus head peeking through the tops of the tree-line is quite majestic if I do say so myself. All of these factors converging leave me no choice but to be bullish. Leave your thoughts below This is not financial advice to buy/sell/hold Litecoin or Bitcoin. This is meant for your entertainment only, viewer discretion is advised.
Long
by jbutler7
4
LTC & BTC Cyclical NatureJust as sine and cosine exhibit identical periods of rotation, but remain offset to a certain degree, LTC and BTC exist in a similar manner. If BTC = digital gold, then LTC = digital silver. LTC was born from BTC's source code, albeit slightly modified. Some notable changes are faster block times and a lighter mining algorithm. The consequences of these changes are not important for this post. What matters are the similarities. LTC has a fixed maximum supply, just as BTC. LTC also has a halving every 4 years. The result of these constants are LTC & BTC oscillating through their respective 4 year cycles in a slightly offset manner. In the chart notice that the LTC halving (black) and the BTC halving (orange) are offset, but still 4 years apart. Notice how the respective peaks of LTC and BTC occur in the same fashion 4 years apart. A picture is worth a thousand words, so analyze the chart instead of reading my explanation. Words simply do not do It justice. Yes, in the chart the sample size of market cycles = 2. The past is not a predictor of the future. Nonetheless, this is interesting and IF it holds true that fundamentally changes the way crypto differentiates itself from legacy stocks. There is unimpeded cyclicality, instead of massive boom periods followed by sharp recessions. Order, mediocristan, antifragility, has been restored.
by Riester
TEXTBOOK W PATTERN ON LTC... NEW ATH INCOMING!??!Here in the LTCUSD chart we can see a beautiful W pattern after today with many hours still ahead of us. So far we have been rejected at around the previous high of February 18th and as you can see from my prediction, i think that we are rejected further to slowly consolidate around the previous high of Febuary before we confirm support and head upwards and we could potentially see prices of LTC at over $300 in the coming days!! Of course we are waiting for confirmation of the what could now be support, ready for a future break towards the upside of the previous ATH do you think we can see a new all time high?! As always taking profits prior to reaching our price target. What's your thoughts? let me know down below!
KRAKEN:LTCUSDLong
by TradingCheww
Potential wedge forming on LTCLTC has dipped and looks like it may start to form a large wedge (orange line and white line). I think there is still a potential down to $180 as I mentioned yesterday, but it is largely dependent on BTC as the two look to be in lockstep once again (with a drastic potential change after this week, more on this in my previous posts). If however BTC goes drastically down, I then figure all bets are off and LTC will likely follow at this point. The most likely scenario from what I can tell is If litecoin continues to follow the trend of bitcoin, and if bitcoin continues upward, there might be a retrace back up for a short time before taking a dip or a breakout (similar to what I wrote on BTC earlier today). If that were to occur and a wedge indeed does form, then it seems like there will be sideways action that could likely go up then dip back to around $185 again over the next few days before deciding which direction out of the wedge it would head. Hence, it looks to me at this point like LTC is heavily dependent on BTC for the short term, and then whichever way things break for BTC, LTC will be more drastic in that direction thereafter. And as always, I'm open to opinions if folks see anything that stands out otherwise.
COINBASE:LTCUSD
by crypto_trends
Buying Areas of 10 Altcoins to BUY IT RIGHT NOW!Hi, Made a quick and simple look over the altcoins, selected the best ones and pretty much similar setups for them all. A classical retest of the breakout area and some other criteria to add strength to the breakout/retest area. Obviously, it all depends on the BTC price so let's consider these buying areas as a long-term investment because technically they are pretty good to invest into your favorite coin from the current prices. Every picture has a green box, it marks the buying range which allows to buy it from the good price of a technical perspective. If the price falls lower than the lower line of the box then you should be cautious! Hopefully, you find something: LTC/USD The picture above EOS/USD REEF/USD XLM/USD YFI/USD OMG/USD MKR/USD ZIL/USD NANO/USD CELO/USD If you found something, then you can easily leave a like to this post ;) ...and if you have any further questions then feel free to ask them in the comment section. Stay healthy, Vaido
COINBASE:LTCUSDLong
by VaidoVeek
30