LTCBTC
Litecoin - Beautiful Setup - Target $354 - Here's why...TV subs,
I realized this morning that I made a mistake in publishing my Litecoin video setup incorrectly here on Tradingview. I had spotted a beautiful setup and created a video about it but it was published as a "Private" video, meaning that only those with the link could view it. Unfortunately, TV does not allow me to make the video public. You are only able to view the video if you have the link. Ironically, this means that all of my free substack subs got the notification yesterday while subs here on TV did not. Therefore, the best way I know how to correct the error is to provide the link below in "Link to Related Ideas". I can't say I won't make the same silly error again, so if you want to avoid missing anything, please head over to substack and subscribe. That way you can be sure to be notified of everything I post.
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Litecoin has only spent 3% of its life at these price levelsSo, if you were to take a peek at my post history, you would see that I published a similar chart back in 2020. That chart was focused on bitcoin - it's price at the time was roughly $12k.
At the time, bitcoin had spent less than 2% of its life at prices at or above $12k. That was mid 2020. Bitcoin has done roughly a 5.5x since then and is clearly showing the entire world that it has yet even more upside potential.
So, here we are again, except with Litecoin this time.
This is the time to double-down on LTC.
Buying Litecoin around these levels is effectively like going back in time and buying Bitcoin around $12k.
The numbers speak for themselves.
(not financial advice ;)
LTC Litecoin 1D UpdateHello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale.
In the chart I noted:
1) The price has been bouncing off of a long term trendline since July 2021.
2) The price started moving up another smaller trendline since September 2021.
3) The price recently bounced off of the support line around $200.
4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain.
5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher.
7) The volume seems to have picked up over the past few weeks.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC/USD - Back on support. Bearish on the short term. 🙄 Litecoin tried to pump above $250 but was dragged down during the market dump yesterday and has failed to hold at $250.
For this reason we got to search for support at lower levels. We seem to have a nice ascending trendline which can act as support, if that won't hold us then the next trendline should do the trick.
Unlikely the market will dump again to the same extent as today we have slowed down considerable in the downtrend. Tomorrow will be decisive.
For now the bias is somewhat bearish because of the indicators. In the best case scenario we will consolidate at the current support.
Regardless LTC should have a strong performance in this bull market, despite such corrections.
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LTCUSDT Technical Analysis⏳ Spot
💎 LTCUSDT after breaking out of the bullish flag it got back to the flag and has been going down since because there were not enough buyers to support the bullish move. Soon the second impulsive leg should start and we can open our trades
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 231.9 to 214.1
☕️ TP1 247.6
🍺 TP2 295.1
🍻 TP3 352.2
🍾 TP4 410.0
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 187.1 to 214.1
Good Luck 🎲
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Litecoin Rally starts December 9th 2021In my previous TA we caught that rally breaking from 200 to 300 , have a look below.
Now Litecoin is setting up for an even bigger move , this next one could be more explosive than the last taking it to all time high.
So right now price is hovering under the 8/1 Gann ratio, we failed to close any daily above it since its breakout and until we do break at 8/1 ratio and close a daily above we will not see an all time high. So the question is when does it break it?
Sometime in the next 30 days the 8/1 Gann ratio comes into a squeeze by December 15th 2021 and we have a very interesting Fib Time date on the 9th Dec 2021.
Fib Time Dates :
10th May 2021
20th July 2021
29th September 2021
9th December 2021
30th April 2022
These are very interesting sets of dates for a number of reasons , first of all the after placing the first two dates we get an impulse on the third which is a very good sign and increases the probability that we will get a reaction in the next two dates. So the next date is 9th of December 2021 that could very well be the date that Litecoin breaks the 8/1 ,I can see the price coming back down to 224 to the 0.382 Fib before we break 8/1.
Out of all these Fib dates the most important one is the 30th April 2022 , time and time again I keep getting Fib dates around this time. Chainlink, Alt Coin Market cap and many more seem to get Fib dates around May 2022, is it possible that Bitcoin tops out end of April and then 20-25 days later the Alt coin market tops out, if you look at 2017 top Alt coin market topped out 28 days after Bitcoin and even this year when Bitcoin hit 65k and topped out in April guess what alt coin market topped out 21 days later so if history does repeat Bitcoin/Litecoin cycle peak could be at the end of april 2022 with a altcoin market peak May 2022, I will link below previous TAs showing these Fib Dates.
LTC/BTC Pairing Combined with historic LTC/USDThis is another long term trend to be bullish on, I found this to be a great example of why I think that LTC is on its way back to where it deserves to be. The LTC/BTC pairing is interesting to follow because the price of the USD seems to go up no matter what. The price of BTC does not need to go down for LTC to gain value and rise out of this 4-5 year long descending wedge. And if/when BTC goes up? LTC often follows right behind. I have highlighted what I believe to be most of the key resistances in regards to dominance levels. Blue lines are the final levels before seeking new territories on either side. Green is where it is at today. If the LTC/BTC pairing were to chug its way back to the upper limits and 1 BTC was worth $50,000 the corresponding price of LTC would be 1250. I am not saying BTC will drop down there (I actually wish it would so I can get more). With all this being said, it is not unreasonable to think that LTC has broken out of this wedge just in time for a Christmas run up to some big numbers. All in all, as I have mentioned in my previous post, only LTC and XRP have been able to remain in the top 15 without having reached and surpassed their previous all time highs. They both have a proven stable spot in the crypto sphere, its only a matter of time before the market realizes they aren't going anywhere.
LTC 1WEEK IDEAHEY GUYS
LTC is going to have a pullback soon
whales and big traders saving their profit after 3 green weeks usually
much vol and staking litecoins still remain and working to start a super 2022
good position
powerful momentum
good volume
it will break the roof after this pback or maybe ranging til 2022
everything depended on BTC dominance
good luck
Litecoin about to skyrocketWith LTC having a circulation that's 4x bitcoins circulation, it seems LTC is following bitcoin in market cap by one bullrun.
This means that when we compare the prices, during bullruns Litecoin will reach BTC/4 high from the previous bull run.
2017 bullrun BTC reached a high of ~20k usd, depending on the exchange. If history repeats itself that would mean LTC reaches 20/4 = 5k usd during this bullrun.
Buckle up.
Litecoin LTCBTC - Falling wedge + bullish divergence! (Weekly)- On the weekly scale we can spot a huge falling wedge - bullish pattern.
- RSI indicator is printing a bullish divergence.
- Profit target is 0.618 FIB retracement.
- Litecoin can explode anytime right now!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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