LTCBTC
LTC/BTC on track to new cycle highThe trend will be true under the following assumptions:
- BTC 2021 cycle ends around the 3rd quarter of 2021
- BTC continues with the overall uptrend
I assume a rather quick run up, based on previous behaviour.
The upper line is the most conservative one, which is why I consider it low risk up to that point.
To reach a value of approximately 0.014 BTC for each LTC requires no euphoria. WITH euphoric growth however (starting above 0.015 BTC), targets far beyond the upper trend line will be reached.
LTCUSD 1D Short-term/Day-trading SHORT/BEARISHLTCUSD 1D Short-term/Day-trading SHORT/BEARISH - Litecoin has seen an incredible resistance at the 0.5 of the Fibonacci Retracement, we currently see a little support on the 0.236 of the Fibonacci Retracement as well so this is what can happen, if the 0.236 of the Fibonacci holds a strong support than $164.39 was the LOW of the downtrend, if we break the 0.236 than our next target is the Daily @ $166.58 where we might see support, if we lose Daily $166.58 than we proceed in a strong downtrend and our next support is at the 0.618 of the Fibonacci Extension ($162.97) HAPPY TRADING!
Litecoin LTC Daily Close 160/172 RangeWeek ago I posted a few times about the daily candle of LTC, showing that i was important for the bull to keep the close above 160. On the other hand, it also seemed as if bears were defending the 172 (maybe 176) daily close. So far bulls managed to hold the support and 2 days ago the 172 broke. Because BTC seems to be in a correction wave (assuming 38.5kish holds), but LTC and most other alts are much weaker still. So on the left we can see that bulls have failed to hold the 172 support, but the we still have half a day left. Even if we close below 172 doesn't mean we dump, but obviously is not good at all.
Maybe the weakness past days was because of that trend line on the left, would make sense because BTC never broke the 40/42 big resistance zone, so it could be that alt buyers are still not confident to really buy if BTC doesn't really make huge steps. We should not forget, alts were mascaraed past month. I also keep hearing more often that people have been selling their bags lately because they don't feel confident about it. This sentiment, fits perfectly in a bullish version, to see people sell at the lows and then see them buy back much higher (and help the whales who are buying the lows) to push through the resistances. This part here are just assumptions of course, but for the ones who lived through 2018, know that most people are very bearish/negative/hopeless at the lows and the opposite at the highs.
Anyway, the TA part. If we would see LTC hold 166/7 today (that possible channel on the right), there is still hope. Think if we break this level, would be very difficult to be bullish short term. So that is the first part bulls need to show.
Second, a realistic scenario, assuming BTC won't dump but alts still remain weak, is the blue line on the left. If we would see the coming days, that LTC stays very close to that black resistance line, like 2/4 days, chances will be very big to see it eventually break and see a breakout up. So, this scenario would be the easiest one to play, I have good experiences with this setup.
So bulls do not want to see a daily close below 172ish, obviously the higher it gets above the 172 the better it is. If the 176ish breaks, it's neutral to slightly bearish to me. Think a daily close below the 160ish, is probably very bad news. Think that would also mean that Bitcoin probably failed in it's attempt to break the 40/42K coming week and start to dump again.
Big picture, as long as we do not see a 20/30% plus day for alts coming week or 2, even if BTC rallies, i think for alts it will be very limited. We saw these period in 2018 and 2019 as well, where BTC was doing it's thing but alts were underperforming big time and eventually everything was crashing again. So a 20/30% day has to happen at least once!
Previous analysis:
#LTC taking back bullish territory #Litecoin & #Bitcoin will see a good week ahead for taking back some bullish territory.
I am expecting Litecoin to make moves against the USD EITHER WAY this week;
however will LTC move up and independently of BTC??
Historically, no.... BTC moves and LTC typically follows.
We've seen several POS tokens break up while Bitcoin crabs sideways like
$XTZ and $ALGO making 11% moves against their BTC pair.
LTC is currently testing and trying to break upwards above the current
consolidation zone. LTC is following a similar pattern of many OG coins in the space.
I'll be watching for closing candles above 0.005 level resistance to long which would
line up with the major bullish cross on the MACD. Then after a confirmed
breakout reducing my some of my LTC position for Satoshis near the 0.0056-0.0059 levels.
Lite Coin (LTC) - June 3Hello?
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(LTCUSD 1W Chart)
Above the 141.170-165.850 section is expected to maintain an uptrend if supported by the highs.
(1D chart)
We need to see if we can find support at the 185.426 point and break out of the short-term downtrend line.
To convert into an uptrend, it needs to rise above the 200.760 point and find support.
A decline from the 168.149 point could lead to below the 133.593 point, so trade cautiously.
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(LTCBTC 1W chart)
It remains to be seen if the experience of touching below the 0.003779 point in the past and leading to a big upside holds up again.
(1D chart)
We need to see if it can move above the 0.005303 point and break out of the downtrend line.
If it falls from the 0.004492 point, you need a Stop Loss to preserve your profit.
However, it may follow an uptrend line, so you need to trade cautiously.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Litecoin (LTCUSDT ) Ready for $450 ...?#LTCUSDT TA Update:-
$LTC currently trading at $186
I am Short term bullish on $LTC
Support 1 is my entry point.
Entry:- $175-$187
Buy partially only not once
Targets:- $228/$308/$458
SL:- If daily time frame any candle close below $175 then exit
I am Only buying in spot.
Support: $175/$141/120
Resistance:- $228/$308/$458
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Litecoin (LTCUSDT) Inverted H&S bullish Pattern & Target $300..?#LTCUSDT TA update:-
$LTC currently trading at $195
And looking good for fresh entry.
Because beautiful Inverted Head & Shoulder pattern worked in Chart.
Entry:- $184-$196
Targets: $220/$250/$292
Stop Loss:- Below support 1
Guys I am buying in Spot.
Leverage is too risky right now.
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LTCBTC at major resistance, major bullrun possibleThis can be the start of a major parabolic run if it breaks above resistance and breakout of the channel. A parabolic run in March was predicted in my previous idea. If for some reason market turns and LTCBTC is rejected at both resistances, then the run will be delayed for a couple of months.
#Litecoin (CRYPTO: $LTC) Looks Ready To Go Parabolic 🙌Litecoin (LTC) is a cryptocurrency . Users are able to generate LTC through the process of mining. Litecoin has a current supply of 66,752,414.51538747. The last known price of Litecoin is 350.57887555 USD and is up 2.94 over the last 24 hours. It is currently trading on 738 active market(s) with $7,743,108,924.32 traded over the last 24 hours.
Don´t tell me I didn´t know. Hello Trenders,
If you here right now scanning between thousands of chart analysis, this one may do it.
Now even my grandmother knows that Litecoin will double its value in USD this year.
What she doesn´t know is... the motherfu.kin Litecoin may skyrocket x10 from this new bottom and pay for my next vacation like it did every cycle.
The double top was broken just enough to be ready for mooning. Volume is speculative like the masters of Litecoin. Trend looking good, time to buy some.
This trade may take 7 months.
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