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Ltcbtclong

LTCBTC forming bullish Gartley | A good long opportunity aheadPreviously on 8th Jan I posted an article where on 12 hour chart the Litecoin with Bitcoin pair was forming bullish Shark then finally the price action of LTC entered in PRZ area and produced more than 45% gains. Formation of bullish Gartley: This time on very short term 2 hour based chart the price action of LTC with Bitcoin pair is forming bullish harmonic Gartley pattern and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: 0.006284 to 0.006260 sats Sell between: 0.006303 to 0.006350 sats Stop Loss: The potential reversal zone area which is up to 0.006260 sats can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short term traders not a long term idea; I will be keep posting more trading ideas. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
LTCBTC formed bullish BAT | A good long opportunityHi folks hope you are doing good, in my previous idea of Litecoin with Bitcoin pair we have seen that the LTC had formed a complete bullish Shark pattern 12 chart. The formation of that pattern was started on 26th Dec 2019 and completed in 8th Jan 2020 and we have seen that on 8th Jan 2020 the price action moved up with the powerful divergence and produced more than 45% gains. Another bullish harmonic pattern. This time on 1 hour short term chart after successful formation of previous bullish Shark pattern the Lite coin has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 (here i have ignored extra spike) Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.006246 to 0.006225 sats Sell between: 0.006297 to 0.006375 sats So this very short term trade can be a good long opportunity. Stop Loss: The potential reversal zone area that is up to to 0.006225 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
Long
by moon333
LTC|BTC - 24% Move UpSignaled this at the start of 2020, and if you took this with me you'd already be up 40% holding for another 24%, I have sell orders placed at this 0.009851 sat level already, have had them placed since the beginning of February. This move will take a bit of time to play out, like all my moves I say that please be patient they will play out. Please be patient with it. Perfect entry was a few days ago at the retest of this accumulation zone above the monthly level marked as the green rectangle on the chart. As always please do your own research, I am not a financial advisor.
Long
by kyer
LTCBTC forming bullish Shark | A good long opportunityPriceline of World's 6th largest cryptocurrency out of more than 2300 cryptocurrencies LiteCoin (LTC) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of LTC price action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection here I have ignored a little bit difference, and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.005560 to 0.005448 sats Sell between: 0.005660 to 0.005885 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
LTC/BTC TA Update (15% Drop More?)LTC/BTC LTC broke weekly key support at 682500 sats area and already facing another deep dive into no support zone. LTC could easily drop another 15% further since there is not enough historical data of trading history back in March 2017. Weekly RSI is still inching closer to an oversold condition where potential relief bounce could happen. If this candle closes bearish, it will only add downside momentum in the coming days or weeks. Bears have controlled this market.
Short
by PolarHusk