Litecoin LTCUSD - Secret ascending triangle + new ATH soon!- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 15) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)
- RSI is prepared for a next pump!
- 1:1 FIB extension = 1750 USD Profit target.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
LTCBTC
Full Litecoin vs Bitcoin Analysis (LTCBTC #2)This is an interesting one...
Here we can see that the TOP altcoins have their own cycles/charts.
This is LTCBTC and this one is completely different from most other ALTBTC pairs.
This week, LTCBTC hit a new All-Time Low, going lower than the low hit back in March 2017.
This low was set at 0.00300000 and recently we hit 0.00293440 on a wick.
Now, this is tricky here as this can be read in multiple ways and how the market behaves also varies depending on what you are looking for.
ATLs are good, for us bulls.
When you hit bottom, the only place left to go is up...
But, we can't be sure that this is the bottom as prices can continue to drop. That's the tricky part.
We have multiple bullish signals as in the hidden bullish divergence with the MACD and RSI.
The RSI is also strong above 40 weekly.
You don't get a strong RSI when hitting new lows, telling us that things can change soon.
The next one is MA200 trending down.
Prices tend to gravitate towards this line.
As the MA200 line indicators trend down, prices can reverse and start to trend up; this is an original signal.
Peak price was hit February 2018 which means 3.6 years of a bear market for this pair... This is also long enough.
Conclusion
We go by the charts and this chart is bearish.
I pointed out the potential for change because we trade on the bullish side but the reality is that prices can keep going lower.
If the current support breaks, which is the new and old All-Time Low, I've marked the final support.
After this level is hit, we are very likely to move back up.
Things can change sooner though and we see Litecoin vs Bitcoin turn.
The new and last ATL was hit only with a wick so far... This can very easily be the bottom and then this pair can experience long-term growth.
This is not trading/financial advice.
For trading, we wait for the right signals and confirmation first... Keep this in mind.
Thanks again for your continued support.
Namaste.
What if... LTCUSDSince current LTCBTC charts present best ever buying opportunity if it comes to LITECOIN vs BTC relation (0.0031) we shouldn't be surprised seeing new ATH on LTCUSD market if Bitcoin's price will continue to climb. Similarities rarely play significant role in price action - they do however make it a little bit easier to assume the next possible top area. According to this observation 6x UP from here shouldn't be surprising ( I wouldn't be however shocked seeing market going sideways or even down from here.
Going long at a retest of the current pink channel support isn't a bad idea, provided capital management and appropriate stop-loss is in place.
Don't assume the 10 years of LITECOIN anniversary have anything to do with my assumptions... it doesn't.
LTCUSDT Technical Analysis
⏳ Spot
💎 LTCUSDT has been moving along the ascending channel and has been making HHs and HLs. After the Pullback it is expected to continue the Bullish move.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 173.0
☕️ TP1 192.0
🍺 TP2 205.0
🍻 TP3 220.0
🍾 TP4 240.0
🍷 TP5 260.0
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 163.0
Good Luck 🎲
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LTC/USD - Ready to bounce in your arms! $160?LTC has painted a massive descending wedge which should resolve pretty soon. The bias on this move is bullish as indicated by the green arrow. The indicators are bullish with a positive cross on MACD.
What reinforces this bias is that the LTC/BTC chart looks even better than this one. We've arrived at a key support area so before LTC wants to drop lower, we will likely have a nice bounce towards $160.
This scenario will be impacted buy ETH and BTC which are rather weak right now, so they may pull us lower before any pump. So keep your eyes on the market movers. Apart from that, LTC may provide a sweet entry for a long here, but don't hold it too long, as LTC can reverse course again.
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ETHBTC versus LTCBTC - Will it continue trending?ETHBTC is at its highest point against LTCBTC for these last few years.
It's a situation of wait and see. It's always good to look at relative strength of one instrument against a major instrument to take better trading decisions.
I appreciate if you write in the comments all your questions and instruments which you would like to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
Litecoin LTCUSD - Ascending triangle! + new ATH soon!- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 17) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)
- RSI is prepared for a next pump!
- 1:1 FIB extension = 1750 USD Profit target.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
Litecoin by Rocket Bomb🚀💣 Hello, dear friends!♥️
I'm glad to welcome you on my page!😊
Today I will be glad to take your attention to the coin, which still didn’t "shoot" into this bull run!
Let's take a look at chart on different time frame and try to see what we can expect from Litecoin in the near future, in the medium term and longer?😉
What's our prospects? What's the best to do with this coin?
On the daily chart , I tried to depict the absolute similarity of the price movement in 2016-2017!✋🏻🤚🏻
It's so difficult to show this on the chart because of the sharp price changes! But you can take my word, or you can enlarge this area yourself🤣
Let's take a look at 1h chart! 🧐
Here we can see a familiar picture, which looks like a zone of accumulation and distribution!
We expect the price to drop to the $120 zone and possibly a quick retest $100 (you must have buy orders there)!!!!
Lastly, I would like to show you the Litecoin / Bitcoin chart! For better understanding the situation, I always analyze an altcoin / bitcoin!🤫
What can we see there?
We're still in a downtrend! Yes, since 2017 !!😱
We can tentatively leave the falling wedge at the end of this year!
And after that it will get hot !! Uh .... 🔥
Don't forget about the Rocket Bomb when you get incredibly rich 🤑💪
I'm always glad to see you in my comments for discussion😊
Thank you for your attention❤️
Stay in touch🤗
Always sincerely with you 😊
Your Rocket Bomb🚀💣
LTC, Litecoin - price is trying to break local key level😯A key level of $162.5 can be highlighted on the Litecoin chart. The price is now contracting, which is a good signal before a breakout and rise.
Enter after a breakout and a retest of the key level as support.
But be careful, there could be a stop loss hunt before that.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.