LTC/USDT 600$?Good day to all, we continue to work with the LTC coin, according to the previous idea, we clearly took the goal of $ 400 +59% since the publication, now the formation of a bullish wedge is being drawn, the entry from the current averaging position in the zone of 250-267, and with the pressure of bitcoin 229-243, the nearest goals are 310-329, 356-380, global 600 dollars in July.
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LTCBTC
Triple bull flags for #LTC #LitecoinExpecting a strong push upwards for COINBASE:LTCUSD after bouncing off the new support of low 300$ zone.
as it heads back to normalize with the 50MA trendline shown above.
Bullish flags on both the 1 hour and 4 hour charts as on the MACD crosses and accumulates under average.
Then The RSI bounces off the oversold threshold showing support and further accumulation.
With #Bitcoins dominance falling, $ETH becoming further independent;
the next logical sentiment falls unto $LTC for a bullish climb towards new ATH .
Another indicator is the LTC/BTC chart showing Litecoin's stability against bitcoin and an imminent breakout.
Update on Apr.2 idea: "Soon it will be Litecoin's time to shine"Check out my original idea here:
From previous idea:
My targets for Litecoin valuation in USD are based on FIB levels, and are done by comparing current fib extensions of both BTCUSD and LTCUSD to fib extensions in previous bull cycles. The LTC/ BTC chart also suggests these price targets.
In my opinion, LTCUSD might go above my marked targets if this move doesn't happen soon. The longer BTC keeps going higher while leaving LTC behind, the higher the price of LTC can go.
LTCUSD usually outperforms Bitcoin and makes parabolic moves in the last 2W candle of the bull cycle. I am suspecting we might have our top soon, and the LTC/ BTC price chart seems to agree with this. It is possible we go a little lower, but I think we are already in the beginning of the last phase of this cycle.
There is a chance that we reach my main targets next week, IF we manage to break ATH soon.
Though, I think it is more likely we get another pullback. Either a small one where we will trade sideways below ATH, that last for 5-12 days, OR we get a sharp but quick pullback to shake out over-leveraged traders. Therefore, you probably should not increase your margin. Watch liq price, or monitor closely with stop loss.
Anyways, this trade has been very lucrative, and we still haven't had the real breakout yet. Once we get into price discovery phase - The 12h candles will look absolutely crazy. Remember to take your profits along the way. You might get a euphoric feeling and want to keep your position longer and longer, as it will seem there is no stopping the growth. DO NOT fall into this trap. We are already greedy with this trade, so remember to take your profits, and dont let yourself get too greedy and end up getting rekt.
If you went long with me sub 200, I would probably at least take a little bit profit around 450-500 level, just in case the rocket gets smashed down earlier than we expect.
Next price level I will take profit at is 600-635 area. At this point one should have taken enough profit that no matter what happens, one is still in profit.
Next price levels we should pay attention to ( potential profit taking ), are:
700-720 area and 870-900. The last target is right below the 4.236 fib extension (which lays at approx 1020usd), although at this point I should have exited, if not all, almost all of my position already. I would be surprised if we overshoot 1000USD by a lot with this next leg up.
KEEP AN EYE ON THE LTC/BTC CHART! This will be one of the important determining factors in which price target we are going to. IF BTC/USD stays at this price level, while LTC/USD keeps climbing, I HIGHLY DOUBT we will reach the highest targets. In this case it is smarter to sell a bigger portion of the position in the lower LTC/USD targets. If BTC/USD suddenly starts rallying soon, it will give more room for LTC/USD to grow.
I have added some dotted lines of potential important levels.
Good luck :)!
Not financial advice. I am not responsible for anyone else action. Do your own research.
Like this idea if you found it interesting, and please check out some of my other ideas.
WARNING LTC Is Going To Explode To$1000MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now
Crypto Is Very Bullish right now and should move a lot higher
ALT Dominance has potential parabolic structure
ALTs can Explode A lot HIGHER and ALTs should go parabolic
LTC Is Going To Parabolic right now
DO NOT SLEEP ON THIS
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Where is LTC heading? #What_ifLTC dominance has never recovered March 2020 till this moment. At 1.05 at the moment makes you wonder where is this coin heading? the chart speaks for itself, it makes the targets i sat very reasonable and small compared to potential price in near future. #what_if dominance reaches 1.8 (dominance before march 2020) or even 3.7 (ATH dominance) with the current market cap?
Is it part of your wallet today? think twise #What_if ?
Litecoin (LTC) - 6h Global target $455Buyers have chosen a fairly calm tactic after the recent correction of the LTC market. An active wave of decline, which lasted from April 17 to April 25, ended with a halt in the Litecoinusd price in the range of $220-230 . If we look at the chart, we can see that each hit on a given liquid area occurred at large volumes. And it was after a short consolidation in this range that buyers' counterattack began.
However, this counterattack looks much weaker in the nature of the price movement than the previous wave of decline. Buyers have organized movement within the local black growth channel and are heading for renewal of the high. Today's attempt by sellers to break through this channel failed. However, it is too early to talk about a confident fixation of the LTC price above the range of $280-285. It is worth waiting for the close of the 12-hour candle. As long as the LTC price is within this channel, buyers will feel confident and continue to push the price with an ultimate target of $455. However, not everything is so simple in our opinion.
If we analyze the chart of the LTCBTC pric e movement, we can see that buyers managed to break through the global trend line of the falling channel:
In this channel, the price of LTCBTC has been moving since September 2019. The importance of this trend line can be seen in the trading volumes on April 16. Even due to large volumes, buyers were unable to close the daily candle above the white channel of the fall.
Thus, according to the LTCBTC chart, a new powerful impetus for Litecoin growth is possible after the price fixes above the range of 0.0054-0.0057 . If by that time the price of BTC can gain a foothold above the range of $60,000-61,000 , we will see a powerful wave of growth in the LTCUSDT market with a target of $455.
This target can be clearly seen on the daily timeframe:
As you can see on the chart, the LTC price moves in the trend channel in the pair against USDT. However, in this case, it is a growth channel from January 2021. This trend movement will end if sellers manage to gain a foothold below the mark of $220. However, if you look at the trading volumes from April 17 to April 25, it becomes clear that the range of $220-230 is very important for buyers. There have never been such large sell volumes in the history of LTCUSD trading. We think that after such an aggressive wave of decline, sellers will not leave so quickly. We expect to see a retest of the $ 220-230 range, from which buyers will start a new growth momentum.
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LTC - Testing Resistance (As you asked)It's retesting the resistance for the 4th. time now.
It's also pushing up the Bollinger Bands which is a good sign of strong Buy volume.
Open your long positions right after the breakout happens. Wait for the first 4H candle above the resistance area so we can make sure it's confirmed.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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