LTCBTC
same oldbtc fees are up. people are mad waiting 10 days for tx. everyone wants btc lower. once it gets there, those same people won't buy. as always expecting profits in ltc/btc ratio in the upcoming months. fair bullish divergence. same old. if you enter shitcoins rather exit too early than too late. a bit risky trade because IT'S DANGEROUS TO SELL BTC. REMEMBER THIS!
LTCBTC IS READY FOR LIFTOFFAlright lets make this fast because we don't have much time.
-Huge Weekly falling wedge indicating a massive reversal to the long bear market.
-Triple class A divergence on both oscillators on the weekly
-Ltc/usd looks amazing too
-Falling wedge breakout and bounce on massive support.
LETS GOOO
this is not financial advice, please do your own research before taking a position.
LTC could move further downLitecoin has had a tough year trying to keep up with Bitcoin. When we zoom out on the chart we can clearly see BTC has heavily outpaced LTC in 2020. Like many others it saw an increase in value in November, but that run seems to have run its course.
LTC has been rejected three times by the 200MA (red arrows) although it did manage to stay above it for two whole days at the most recent test. On the first retest it bounced of the 50MA. On the second retest it plummeted through and has had a tough time since. After the third retest, we can see it is now once again below the 50MA.
I believe another rejection could be in the making as volume is declining. Yes, volume is higher than it was in previous months, but so is the total marketcap.
I have drawn two very strong support levels around 3900 & 4000 sats and two equally strong resistance levels around 4500 & 4800 sats.
As the general HTF trend is still bearish I'll open up small long positions on a retest of the support levels and on a break of the 50MA.
Where do you see LTC heading in 2021?
IF YOU'RE NOT ALREADY IN LTCThats the point where I would be looking to buy, or where I will be looking to fill more buy orders (if we get there, not guarantied, but not big fan of buying in the mid of nowhere like we are now).
2 pointed areas whit the magnet will be key to watch at, close and consolidate above = more expansion upwards.
Overall looking bullish af, another coin that will test the ATH in 2021.
The LTC will go up above 150$.Litecoin BTC is divided into First Wave / Second Wave.
The price of Litecoin has recently been going down to a wedge.
But the positive part is,
Despite the rise in the price of Bitcoin, the LTCBTC price did not go down.
So I think Litecoin will still remain on the rise,
If it goes up to the 2nd Wave, Litecoin is highly likely to move from 50$ -> 150$.
Wait for the 2nd wave