LTCBTC
LTCBTC downward wedge ending soonI have been writing a bit about the long term downward trend (orange line) which has some good potential to last a while (potentially into the summer) if it continues to hold, but the short term wedge (red line and green line) looks like it will culminate within the week. Once again LTC is near the bottom of this downward wedge, so it should be interesting to both see what direction it breaks as well as what effects that might have on both BTC and LTC.
With BTC trending near the bottom of its current upward channel and LTC now breaking out downward out of a wedge, it makes me wonder if this might mean that BTC will trend downward and LTC will either not follow or follow drastically, or will BTC trend upward and LTC will follow more drastically? Either way, it should be an entertaining week for the pair.
Lite Coin (LTC) - March 21Hello?
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We have to see if we can ascend above 200.59 points.
If it falls, you can touch below the 182.0 point, so you need a short Stop Loss.
However, it may rise along the downtrend line, so you need to trade carefully.
It is necessary to increase the trading volume.
On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term upward trend.
If the CCI line falls from 100 on the CCI-RC indicator, volatility may occur, so careful trading is necessary.
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(LTCBTC 1D chart)
You should watch for any movement that deviates from the 0.003410-0.003681 segment.
If you fall from the 0.003410 point, you can touch the 0.002870 point, so you need to trade carefully.
If it rises above the 0.003681 point and gains support, it is expected that an attempt will be made to break the downtrend line.
However, it should be observed that the current trend moves sideways in the 0.003410-0.003681 section.
(1W chart)
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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 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 published by oh92. (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 profit or loss 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: Cigar at the time of opening
(Example) Gap (G1-G2)
LTC - think twice before sellingI know LTC seems slow compared to other DEFI and even majors that performed better up until now in the bullrun. But you gotta realise that LTC is the 2nd coin invented and the FIRST altcoin in the market. It was literally created to have 10 times more supply than BTC (210M coins max) and it was intended to be the current spending crypto while BTC is the real store of value (not to spend).
Anyways, on the TA side, if you go back on LTC chart you will notice that LTC is often late to the bullrun party but it always catch up BTC on the upside (%) move.
On this chart, we can see that LTC is heading between 2400$ and 3000$ by EOY.
LTC Tests Bouncing Support Against BTCLTC is once again testing its support against BTC for the trend line that it has been bouncing off of since November (red line). So far each time it has come near this trend, a significant breakout has occurred for either Litecoin and/or Bitcoin (although sometimes it has been short-lived).
There is of course the possibility that the trend line finally breaks and LTC loses the race and heads into a downward channel, but I suppose it is soon time once again to see if the fifth time is the charm for that bounce (or seventh time considering how close you consider the bounce), particularly as it is also once again approaching a wedge (against the green line) indicating a likely move one way or another in the next few days.
LTC Balance and AccumulationLTCBTC chart showing equilibrium and what appears to be smart accumulation. Many of my indicators are built around this concept. The DWEB indicator in particular shows a modified version of this live. When the price condenses along both sides of a longstanding mean, a big move usually follows.
Long term Idea for LitecoinLong term Idea on the monthly chart for litecoin. This is a two year outlook so patients is key. Look at the chart... Is time to sell or buy litecoin? Litecoin is at historic lows against Bitcoin , it's time to buy. Most people won't like this chart as it's not a get rich quick scheme. What it is though, is a path to victory with a series of small wins.
*You want to get rich quick, play the lottery. Investing is smart money working for you with patients.*
Litecoin to Outperform BitcoinWhen looking at the Litecoin to Bitcoin ratio chart ( BINANCE:LTCBTC ), it suggests that Litecoin will outperform Bitcoin in the near-term. We see our breakout, retest, and now it's SCOTCH time. Let's take advantage of this!
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LTC to outperform ETH in the next yearSince 1.5 year, ETH has been outperforming LTC. From 0.57 ETH, LTC is now valuing 0.11 ETH.
In this period, ETH went from 240$ (June 2019) and 1870$ (today). 780% growth.
On LTC side, we went from 120$ (June 2019) to 220$ (today). ONLY 83% growth.
Greyscale is now charging a 1500% premium to buy LTC from them.
We can see the Chikun is getting ready.
For that reason, I'm switching my ETH to LTC today.
LTC/BTC - BB Squeeze—-Pressure is Building.Hello Traders,
Questions will be answered this week for LTC/BTC.
We have some major pressure building between the squeeze we’re seeing on the chart.
Looking at previous BB Squeezes, we can see it was a matter of time before it finally broke to the upside.
I want to believe that the MimbleWimble release will be the catalyst to send LTC to the moon. But from my experience, a coin will usually see the effects of news releases in the weeks and days before, so if it hasn’t gone off yet, then it may not provide the effect that we were hoping for.
But depending on how well BTC continues to perform this week, will be a good determining factor of how LTC will finish this week and start next week.
For now, I am still holding and I will continue to hold until the market tells me other wise.
Good luck!
LTC - No brainer - 400%+ (No Laughing Matter) Let's Go!Hello Traders,
History doesn't always repeat itself but god damn, I will not let myself once again be proved wrong by not getting in on these historically low prices.
I mean honestly, look at the swings, we are at the bottom, just like many times before. Buy low, sell high, it's the mantra all traders live by.
Yes, I know, some of you want instant gains, and that's fine, other traders will gladly take your liquidity --- straight to the bank, AKA their metamask wallet...
Don't fall victim to FOMO. Buy, hold, and realize.
Also, trade with BTC pair, if your goal is to accumulate BTC. Smart money buys with the long game in mind. Accumulate, accumulate, accumulate.
Simple.
Good luck!
LTCBTC huge trading opportunity! Final update.Check out my recent updates for LTC. This is the third and final part. The MACD indicator on the MONTHLY LTCBTC chart looks to have a bullish crossover imminent. This means that there will be a shift in momentum from the downside to the upside. It will be hard to break this crossover due to it being on a monthly scale. My final thoughts for litecoin are bullish and I believe that it will outperform bitcoin in the mid-long term. Best of luck.
Litecoin: Weekly TargetHello Traders and Investors,
This is my weekly outlook on Litecoin. The coin is making higher lows on the weekly, along with highers high. What we really need to see from Litecoin is for it to close above the $230 point on a weekly candle. This will give Litecoin a mega bull push to the target at $420. With the recent push in Bitcoin price due to the stimulus plan and institutional money flowing in. We can expect Litecoin to push alongside Bitcoin.
Also if we take a look at the LTCBTC pair. We see that Litecoin is on the lower end of the chart. This means Litecoin is undervalued compared to Bitcoin and once it starts moving, it will run really quickly.
Let me know what you think!
Litecoin to $2000 this bull runLTC MimbleWimble Code To Be Ready by March 15th which can give it a nice push to upwards. Nice double bottom on LTC and it will follow BTC and ETH and will break its ATH.
in 2017 we saw 6000% returns in LTC in 261 days so we can have even 1000% this year it can go to $2000.
Immediate targets are mentioned in the chart.
we discussed the same in our today's video.