BTC Dominance...The strong declining trendline of Bitcoins market dominance on the Ichimoku Cloud has seen a big pullback after the recent flash crash. Some consolidation and cooling off after the dump could then lead to BTCs dominance to fall further, allowing Alts to make huge gains in between BTCs fluctuations.
Most Bigcap alts have seen a solid increase in % when paired with BTC, the correction has reset many indicators back close to oversold territory, suggesting once things do stabilise, new ATHs for alts could quickly be on the cards.
LTCBTC
Lite Coin (LTC) - May 19Hello?
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(LTCUSD 1W chart)
(1D chart)
We have to see if we can get support and climb in the 275.766-288.058 section.
If it goes down, we need to make sure we get support at 251.182.
It must rise above the 324.934 point to turn to an uptrend.
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(LTCBTC 1W chart)
(1D chart)
We have to see if we can get support and ascend in the 6655 Satoshi-6926 Satoshi section.
If it falls, we need to make sure we get support in the 6115 Satoshi-6261 Satoshi section.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
LTC LIKE DOW JONES?Hello everyone,
I have been a long time to write about LiteCoin(LTC), but i have been always an eye upon it since May 2020. I learned alot from this coin about my trading plan. Never go away from an asset when you believe it from the beginning.
My analysis on the chart aims to illustrate the uptrend and to show that the fall is a correction like the others before.
If LTC catch lower prices, it will take more momentum and will follow a stronger uptrend.
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.
If you liked this idea, put 👍, write what you think about this analytics in the comments, subscribe ✔, thank you for your attention.🔥😉
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.