LTCBTC
Litecoin (LTC) READY TO CONFIRM 200 USD ZONE - GREAT TARGET!Hello traders
This update depending on LTC - expecting increase to 200 usd area
Stop limit: 170 usd.
# there are some trends make us expecting that LTC can break the 200 usd area again.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
LTCUSDT (LITECOIN) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- LTCUSDT is supported by the ascending trendline support (ATS).
- Price hit a swing and retraced for a retest of ascending trendline support and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There was a relatively high concentration of buyers at the retest zone.
- The retracement was bounded in the falling wedge (FW) pattern.
- Price bounced off the the retest zone and brokeout above the falling wedge's resistance.
- Price action is printing an ascending triangle (AT) pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
$LTC/BTC 12h (Binance Spot) Descending wedge on supportLitecoin is accumulating in satoshi and could bounce in the weeks to come!
Current Price= 0.003675
Buy Entry= 0.003679 - 0.003605
Take Profit= 0.004116 | 0.004533 | 0.005349
Stop Loss= 0.003345
Risk/Reward= 1:1.6 | 1:3 | 1:5.75
Expected Profit= +13.01% | +24.46% | +46.87%
Possible Loss= -8.15%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 months
Breakout looks to be starting for LTCBTCThings look to be breaking out for LTCBTC from the point from before the retracement. Here is hoping it keeps that way (large dependencies on BTC's path obviously), but with a nice green weekly and daily candle about to finish here shortly, there seems to be a good chance for a jump start for alts like LTC in my opinion.
Although I also think it is easily possible to retrace back if BTC doesn't follow through, and still some resistance right now (around the 23.6% Fibonacci) and around 52.7K (the high before the ATH), so we shall see if it continues to hold at this interesting crossroads.
LTC "W" Pattern Completed, May Go for CorrectionHello Dear Traders,
LTC performed great in this altseason, we also called it from 60, all Targets achieved in few weeks.
as u can see in chart LTC is facing heavy selling pressure form weekly supply zone.
Last week candle closed strong bearish and its indicating reversal frm here.
Also it successfully completed W Chart pattern, now its time for healthy correction towards 80-100$ again.
As we know Crypto is getting huge adoption worldwide, if something magical happens then only my idea of LTC will get invalidated.
Chart is clearly indicating next few weeks will be bearish.
Litecoin Ready for breakout Litecoin is forming a symmetric triangle and about to breakout. We see a good rally in LTC after the breakout. LTC is not yet broken its all-time high and it will go parabolic after the ATH break.
Buy Zone: $180-$190
Target: $210 - $230 - $250 - $280 - $325 - $370 - $410 - $460 -$510
Interesting fractals of Litecoin 🔎Hello, dear traders and bottom catchers 🤫
One more LTC chart of mine 😆 And YES, Litecoin still not moving jet 🤣🤣🤣
But I continue holding it making up [date for You😘
This time You can see all history of price movement of Litecoin in USD and in BTC.
And try to notice some fractals before pumping ))))
Don't forget to put like and write me comment, that way I'll feel Your supporting and you like my ideas!
And stay tuned by Rocket Bomb 🚀💣
My previous LTC update 👇
Comparing Common Alts Performance to Last Time BTC At this PriceIn mid February (15 February to be exact), Bitcoin hovered around the same price range as today (04 March). It looks like a double whammy, the spike up to 58k for BTC pulled value from alts and then the miners dumped soon after and we know what happened after. BTC has taken much less of a hit (as is to be expected). Some alts took it extremely hard like BCH which dropped the most during this correction. Others like LTC have demonstrated more strength against BTCs dominance, but only slightly.
No real TA here, just general observation.
LTC Ready to start outperforming BTC?Litecoin vs BTC has been in a falling wedge for a few years now.
We're now approaching the lower end of the wedge and if there's ever a time to start a rally against BTC it's now.
What does TA have to say?
We're trading below both the 50 and 200 Week MA. A breakout above the 50 MA would be a good thing as it's at about the same level as the upper end of the falling wedge. Ideally we flip this resistance into support ant take off from there.
When we look at indicators and oscillators we can spot bullish divergences on stochastic, Willy and MACD.
There's no sign of bill div on the obv, that would've been extra bullish.
It really only seems like a matter of time before we see this thing take off.
Have some extra info to consider, do you see things differently? Let me know!
Cheers,
W
Litecoin (LTCBTC/LTCUSDT) LONG 2021/03/04I just entered into a long for LTCBTC. Sharing my trade details.
Pair LTCBTC
Direction Long
Entry 0.003765
SL 0.003716
TP1 0.003782
TP2 0.003797
TP3 0.003809
TP4 0.003824
Signal Rating 3/5
Make sure to add a 0.1-0.2% buffer to prices given to avoid order clustering and stop loss hunt.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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Not the best deal. Risky. But you can trySince Bitcoin is growing, many people are reluctant to buy it. They want to buy different Altcoins.
If you really want to buy Altcoin in addition to ETH, LTC might be a good option for you.
SL: If 1D candle closes under 164.
TP: Depends on the market situation. I recommend setting up 50% on the $298. But it is safer to buy bitcoin at the moment.