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Ltcbtclong

Watch for LTC/BTC Equilibrium Pattern to Break BullishLTC/BTC is currently trading in a 4hr equilibrium channel. It's been ranged bound for the last 2 days and I am looking for the pattern to break within the next 2 days. Generally speaking an equilibrium pattern such as this is neutral to me but I believe there's a higher probability of a fakeout if it breaks down for the following reasons. (Hence I am going long here) 1.) LTC/BTC is trading near a multi-year low 2.) If we zoom out to the weekly we can see that LTC/BTC has been making lower highs and lower low since 2018. However, the latest weekly candle seems to suggest that it might be the beginning of a higher lower formation, which would be a very significant long-term trend reversal. 3.) The high volume of the latest weekly red candle also increases the probability that this might be final flush candle where weak hands sells out. 4.) The weekly BTC/USDT is more over extended compared to the LTC/USDT given the significance of Bitcoin's runup compared to Litecoin over the last 3 months. With that said, the chart can very well break down and go lower as well. Especially if we see Bitcoin continues the freefall we saw this week as history shows that alts tend to take a bigger hit when Bitcoin crashes. For that reason, it's important to put a stop loss as this is anything but a sure thing. Especially in crypto land. I am looking for at least a 15- 25% gain here if we break to the upside. Placing stop close by for a maximum loss of ~2.5%.
Long
by Coindicator
6
BTC 40500 before 9pmHello Everyone, Please support with your like if this helps you. Btc bounce to 40500 before 9PM where it is expected to drop again. If we break downside it will be 34 with slower recovery, top is not in or it would've been much more violent of a drop. The LTC/BTC train already departed, great profits to be made from these drops on alts. Still a great entry point! (TP 0.005+++) Stay safe guys, I will expand my ideas if I see it helps! Best regards, CCB
Long
by BiteMyCoins
LTCBTC attempting the break 🦐LTCBTC has found a bottom over the daily structure. Market has attempt twice to break above the range but so far has been rejected. IF the market will mange to break and close over the structure we can set a nice long order according with our strategy. Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
2
LTCBTC Long 25% - Double Bottom SetupLTCBTC appears to be in the process of forming an Adam and Eve double bottom presenting a possibility for two swing trades . Learn more about the pattern here: thepatternsite.com Aggressive risk takers can look for the good buying opportunities to open long positions now as the even portion of the bottom forms. The the first target price for aggressive traders us a retest the just short of the .005 resistance for an 11.18% gain, which upon a breakout can be held to the second target price of 0.005539 for a 25.18% gain. More conservative traders can following the trading advice on pattern site link and open a long upon confirmation of breakout above the .005 resistance and look to exit the position near the second target price of 0.005539. www.tradingview.com
by alexhiggins732
1