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.
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Remember, don't chase, retrace!
Happy Trading!
LTCBTC
$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.
LTCBTC bullish pennant potentially formingLTCBTC looks to be forming a potentially bullish pennant on the 4-hour chart (yellow dotted lines). This looks to be somewhat confirmed by the hidden bullish divergence on RSI (dotted yellow lines on RSI and price), looking more likely to indicate a continuation upward based on the short-term trend.
There is still some potential for the trend to extend further forward for hours/days, but it is good news for LTCBTC that it has not trended downward yet (particularly when BTCUSD took a dip over a day ago).
If the pennant breaks upwards, the resistance looks to be at the upper part of the wedge I mentioned before (blue dashed lines). If this resistance breaks, LTCBTC has the potential to break from the year long descending wedge and the opportunity to take on a YEARS long wedge instead (see my previous posts for details).
At the very least it should be interesting to see which way the current wedge breaks over the next few hours/days.
LTC/BTC Long (please discuss)LTC/BTC waiting for possible breakout. Wait to buy lower near the box, if breakout doesn´t occur, i´m confident that there will be another chance to sell higher.
The phoenix indicator clearly shows a top, the price can still range in the upper range for more than one or two days before falling down to the box. If it doesn´t fall in the box and volume is high, i would consider buying higher to not miss the breakout, but only if there are clear indications. For now i think we will fall back a little, which is either way a good chance to buy.
Please discuss - open to critique.
LTCBTC nears year-long wedge top againIn the past week, LTCBTC broke out of the wedge of which I have been speaking for a while now, but now looks to be heading toward strong resistance as it hits near a wedge that has been forming over the past year (dashed blue lines). The wedge itself has the potential to go until either summer of 2021 or even into the end of 2021 (e.g., if the small, solid-yellow trend line breaks, which some have claimed looks like a potential descending triangle pattern), but I figure it good to bring to anyone's attention who watches litecoin.
If this wedge were to break (and again, it is just an opportunity, as the wedge has potential to continue for months), the next point to watch is the long term trend which has been forming a wedge for many years. If that level ever does break upward, the potential for LTCBTC could be rather large.
The current likeliest scenario that appears supported by hidden bearish divergence on RSI (white line) looks to be in favor of LTCBTC staying in the downward trend either continuing in the wedge (dashed blue lines) or potentially continuing into the descending channel (yellow dotted lines), but the current point of resistance definitely looks to be a point of interest for anyone looking for LTC breakout possibilities.
A lot of the direction will likely dependend on the price of BTC, as a steep drop or a drastic reversal for BTC easily has the potential to sway LTCBTC in the downward direction.
Litecoin, LTC/USDT - go go goThe coin has been forming a triangle for over 2 months. I like to trade it. I expect for entry point after retest. Keep in mind this coin.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
LTC/BTC Buy Opportunity 1 WHi Guys we are in possible buy range for LTC/BTC on Weekly chart, please do your own research and this is my opinion only not financial advice
LTC/BTC Buy Opportunity 1 W. Buy at the bottom wait and then sell at the top you can even 400% 500% your BTC thanks to LTC
All the best and happy trading !
Litecoin 600% profit from 1st entry and still $1000 Potential#LTC/USDT Profit Update:-
$LTC currently trading at $242
Which is 30% up from our Re entry.
Re entry :- $180 ✅
TP1:- $228 ✅
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
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.
Litecoin - The Beast Will AwakenMuch like we discussed with XRP, Litecoin is also a sleeping giant that is about to awaken as alt season rages on. Litecoin has been forming this falling wedge for over 2 years and has reached a technical level that has served as support in the past. This is a good entry point before we see a potential breakout, and sure towards resistance levels above.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.