LTCBTC
LTCBTC year long wedge breaks upwardsIt looks like LTCBTC has managed to break resistance of a wedge that has been forming since 2019 (blue dashed line zoomed in, see my previous posts for details about this resistance level).
There is still a bit of resistance above the current ascending channel (dotted yellow line), but the target now looks to be a much longer "years-long" wedge that has been forming for quite a while. Due to the distance between these wedges, there is still quite a bit of potential for LTC to continue its push against its older sibling BTC over the next few months, so it definitely looks like a good trend to watch for anyone following LTC.
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LTC Statistics:
Market Capitalization: $17.8B
CryptoAsset Rank: #9
24-Hour Return: +9.5%
7-Day Return: +11%
From All-Time High: -29%
Technical Setup:
While many of the largest cryptoassets by market cap recently hit a new all-time high, LTC has been a straggler this market cycle and has largely underperformed relative to its peers.
Despite the underperformance, in the past couple of bull market cycles, it has taken LTC quite some time to reclaim market share. But when LTC wants to move, it really moves...
At the time of writing, LTC appears to be forming a cup pattern formation and may be on its way to revisiting its prior all-time high of $375. This would mean that LTC rallies an additional +42% from current price.
When looking at the LTCBTC chart, one will see that LTC has failed to keep pace with BTC's appreciation. Additionally, one will find that said valuation recently hit a 4-year low.
However, LTC's climb higher over the past couple weeks has it now testing a downtrending line of resistance of what might be a falling wedge. Being a bullish chart pattern, one could expect LTC to move meaningfully higher in the forthcoming days/weeks should the bulls keep the party going.
Litecoin Falling Wedge Pattern - Ready for massive breakoutLitecoin completion of the falling wedge formation is indicating a massive breakout about to happen on the upside.
Grayscale and other funds have heavily bought into litecoin in the past few months. Expect the first target to be around $518 followed by higher targets.
LTC/USDT Litecoin breakout is doneHi everyone
As you can see, LTC is quite bullish in daily time frame
And in full four and six hour frames
It can be seen that the breakout is complete and the ascent can be predicted with certainty
The telegrams are marked with a blue line
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Be profitable
ATH soon and than new ATHsWe'll test the ATH at 370 than maybe we'll have a small correction and if we break the ATH we'll have three targets for long term
715 (90%)
1062 (184%)
1322 (260%)
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BREAK STEREOTYPES, buy by rumor, sell by news!🙏Hello! Pay attention at LITECOIN!
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That's one of my favorite coins and takes a bulk of my portfolio!🤫
I have advised it many times, but I understand, that while it is not on hype, few people pay attention to it!
BREAK STEREOTYPES, buy by rumor, sell by news!🙏
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my previous advice👇
MORE LTC IDEASGood Morning! Looking at LTCBTC, day and 4hr charts, showing great buy opportunities for some spot trades. Litecoin is about to blow up, and it's other currency pairs are following suit. Moving averages and retrace show we are ready at anytime to make upward moves. Maybe $600 range?!
By hiding the price and just looking at the moving averages on the day and 4hr, you can see a better representation of where price is trending and headed.
Thanks for the views, and likes, and follows!!
Remember, don't chase, retrace!
Happy Trading!
$LTC - Flip 3600 sats and we will finally smash ATH's on $ pairLTC is mega bullish rn
Dollar pair has a bullish pennant very close to breaking
BTC pair has almost hit all time lows, with a reversal pending
Could also argue major bulldivs on the 1W TF here
If we claim that thick black line, around 3600 sats, we should flip the trendline and add extra fuel to the dollar pair to send it past $300
As-long as BTC can continue ranging and not dump this should play out!
LTCUSD 44% Up from our Re entry and still my Target is $300+#LTC/USDT Profit Update:-
$LTC currently trading at $253
And went upto $259
Which is 44% up from our Re entry.
Re entry :- $180 ✅
TP1:- $228 ✅ Now trading at $253
TPs :- Pending
Now LTC/USDT broke the resistance level and now super bullish.
So I am expecting next stop can be $300+
Support:- $215/$180
Resistance:- $311/$458/$706/$1000
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LTC has broken triangleOn 16 Nov 2020, Litecoin has break the triangle indicated by the bullish engulfing candlestick. Today, the price has to commit above 0.0044btc to keep up the bullish trend and bring to the moon again. Historically, its has been recorded 300-800% uptrend since year 2015. With the 15% last week increment, could this silver crypto make the history repeated again?
Shafiq Neurotrader
Longterm LTCBTC Descending Channel / ValueThis chart shows the relationship between Litecoin and Bitcoin. The LTCBTC pair shown here suggests if you are going to invest in cryptocurrency, Litecoin is not the best option. It's still better than being in cash (not shown, but it has done very well since inception), but Bitcoin has been better.