Ltcbtclong
LTCBTC - Falling Wedge FractalRight before I went to bed last night I couldn't help but notice a smaller falling wedge had formed inside the larger wedge I had been tracking. This fractal presented a must take entry. As you can see LTC is currently doing about 15% on the day after breaking out. This could keep riding provided BTCs bull run continues. Possible exits are based on trendline support/resistance and Fibonacci levels.
Happy Trading.
Massive tea cup and handle pattern forming on LTCAfter retracing back to .618 fib level after having relatively healthy run for most of 2019, it looks like it has a lot more in store for the year.
I'd say to long the shit out of this but with equally tight stops. Havent seen anyone talking about this yet.
This would be invalidated on a break below support.
Support found LTCBTC placed position with leverage "BitMEX"Make sure to LIKE and FOLLOW
Hows it going everyone!?! Back again with a trade idea for you!
I Placed long entry with leverage over on BitMEX expecting some large profits off of
this trade plan to take profit according to resistance levels ultimately closing my
remaining position at last resistance. I will keep you informed on this trade!
Feel free to message me regarding any questions you may have regarding this trade.
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
LTC STILL HAS MORE ROOM TO PUSH UP!! (HOLD ON TO YOUR SHORTS)Hello friends , long time so see. LTC is finally getting some of the recognition it deserves, recently hitting .015 BTC on it’s way to it’s ATH at .02. I want to point out something many traders have been overlooking. As you can see on the hourly chart , we have some hidden bullish divergence. Notice the MACD going down while price, going up / staying steady… Same thing with the BTC chart. Market cap is growing while prices are being pushed down… Signs of accumulation. If the current trend continues , when the MACD pushes up the price will boost. I have some small sell orders around $59 and $63 USD hoping to maybe catch some wild price swings. If BTC can boost to 4200 we should see a pretty good upswing with LTC. I’m mostly a HODLer, finally back above water this month with the boost of ENJ coin. Hopefully some of my followers got in on that too. I really like LTC for a long-term pick. This is a very risky trade for the short term, but very solid in the long term. If BTC dumps , LTC will dump also, so please be aware of the downside. Please leave a like and subscribe , as I try to only post quality original content.
I am not a financial advisor and this is not financial advice.
Litecoin Update Plus StormHi friends! Welcome to Poop's Litecoin Update
We have successfully predicted litecoin's bottom through wyckoff analysis published in January 1 which recorded around 65% gains since it publication.
As an update, we have yet to see $LTC to complete the whole bullish move. We are still bullish at macro perspective but we are bearish short term. We are expecting $LTC to make a short rally forming a 3 Tops pattern or a head and shoulders before resuming price drop to our wave 4 target in the next few days as shown in the next chart.
Wave 4 will likely fall in the previous trend resistance now acting as a support somewhere around 0.0105 level. This shorterm bearish move will likely be violent as we printed a strong bearish divergence both in the 3D and 1D chart. A good bounce from the support (our last point of support based from our previous wyckoff analysis) will send litecoin towards its wave 5 target which could complete the 100% target we originally expected for the entire litecoin bullish trend . Its around 50% move from wave 4 to Wave 5. This could go even higher once Litecoin breaks above 0.01333 which will confirm a bullish cup and handle pattern. A break out on this level could send Litecoin in an extended wave 5. This could even challenge December 2017 high in BTC terms.
Relatedly, $Storm is showing signs of following Litecoin's path. Its currently forming a huge broadening wedge formation that is also backed by a divergence signal. To complete its 5 wave move to the patter's resistance, $storm will have to make a huge 200% rally as shown in the chart below. Caution should be exercise while making an entry on this coin as it currently has below 50BTC volume at binance.
That's it guys. I welcome your feedbacks.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
LTC Bottom FormationHi friends! Welcome to my Litecoin technical analysis
We have recently seen a bullish tiny inverted head and shoulder formation on ltc that once will completed will allow price action to cross a long term trend resistance (green) line. This move if it happens will result to a breakout of yet another bullish formation which is the bump and run with a wide bump which could be completed in a 5 wave formation. With this development I am positive litecoin could double in a short span of time.
What you guys think of this?
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Bullish Poop Trader
LTC looking goodLots of good signals showing for both LTCUSD and LTCBTC pairs. On the BTC trade, a 50% retracement from the crash would bring price to ~0.016, a 60% gain. 3D MACD crossing to positive, price has broken out of downwards wedge formation, and has also blown through 50 MA. RSI heading into overbought, but still lots of room to run. Entering long position. Targets on chart.
Going up LONG? LTC:BTC 4th MACD Cross in 2 years, Weekly Candles
See image please.
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Since Coinbase started trading the LTCBTC pair, the MACD on the Weekly Candles has only crossed 4 times, and the most recent was in October. We aren't seeing the volume or price increase this time, and I'm wondering if you all feel this latest MACD cross is going to be as significant as the prior three.
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thank you for reading.
GinsengFarmer
Swift capitalization from Point of Control POCI admire Charlie Lee and I think Litecoin LTC has tremendous value. The value of the asset lies in its secure network, liquid market and relationship with Bitcoin. LTC is listed on more exchanges than Ethereum ETH while being supported by over nine payment processors.
However my trade is not based on speculative asset value in this irrational, volatile and manipulated market. LTC market indicators have shifted
and historical behavior implies we could see swift capitalization directly from LTCs long term Point of Control POC (price point at which most trade volume takes place).
Current POC is valid when looking at LTCUSDT over 3,6,9, 12 & 15 month timeframes.