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LTCCNY

BEAR MARKET IS OVER?! 0.0063 or 0.0042?Let me ask you a simple question. Why are you here? I mean, what is your ultimate goal in crypto? Money / Technology / Meme? Money? Then, Who is the richest person you know in crypto AROUND YOU? I can hear you, it is so hard to measure it on TV BUT AT LEAST you can calculate his winning rate / accuracy on his latest 5 - 10 charts? ( On twitter, It is a bit easier to understand who is winner - Winning rate / Life style / Trading size - SHOW ME THE MONEY! ) Did you also know? You Are The Average Of The Five Crypto Traders You Follow The Most Time With. That's why, If you want to learn something from other people on social media. You should be so picky who to follow! Go calculate his / her last calls, and figure it out! I am so confident on my tradingview / twitter calls since 2016. Why am I talking this ? Because, so many people are blindly following wrong traders / wrong trades over and over for years. If you are not making money from crypto, YOU HAVE THINK carefully! What are you doing wrong for days / weeks / months perhaps years? I know you are also expecting me to talk about Litecoin! Ok, Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign in the excitement a bit. Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop . It will shake people out otherwise. Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility. if you are in crypto after 2017, You have to read twitter.com before start to trade / invest it. ---- It has been almost 2 years since he tweeted this! That's why I pointed out the bear market would be over between Sep 2 and Nov 4,2019 on my bitcoin tradingview post (Over 24,000 views - in March 2019) . I have been saying it for weeks on my twitter account as well. Since then, I set 14 bitcoins buy orders on alts. The risk / reward ratio is great at around 0.0063 BTC! If It doesn't hold - welcome to the darkest side of crypto - 0.0042 BTC Target? The chart speaks itself! Protip : Copy those who are already successful in your eyes!
by CryptoEngineering
5
LTCUSD Medium Term AnalysisLTCUSD looks to be in an ascending channel and can be seen by white trend lines. from this we can takeaway that it is still holding uptrend. Bottom trend line resistance has been tested over 6 times and is STRONG. Breakdown below this is a big red flag, I recommend setting stop loss a little under bottom channel trend line. It could potentially head to $40 hard support, which is currently the safest accumulation zone. Median price action is charted and can be seen by looking at yellow arrows. This helps us see relatively healthy price action and trend pattern. We can see a symmetrical triangle from bottom trend line and top red trend line. This is a very famous continuation pattern. On convergence of the triangle apex, symmetrical triangle will typically break out in the direction of the prior trend (up). Note: a break in the opposite direction of previous trend is a STRONG signal of formation of a new trend (e.g. downward movement). If you are trading symmetrical triangle, I recommend buying slightly after breakout for bullish confirmation. If you are in long term position, I recommend analyzing how this scenario can be used to ones benefit. For example, position could be sold slightly after symmetrical triangle goes down (if it decides to) and can be reentered at hard support / accumulation zone (low $40s) Others: - we notice small green volume spikes at resistance levels, showing bulls are attempting to keep price above a certain price, possibly by setting large buy orders at bottom of resistance (52-54 right now) - RSI shows oversold over 90% of the time LTC price is at bottom of channel (safe buy zone) - RSI shows overbought when LTC is at top of channel (sell zone / take profit zone) - MACD acts similar to RSI but seems less responsive in this scenario. What I’m doing: - accumulating medium bags at $40-45 - watching symmetric triangle closely. if breaks down, will sell position at small loss and re-enter at accumulation zone and hold. If breaks upward, will buy in at breakout confirmation. Donations: LTC: LQdNvC29EzF9LRkEpegQ7tab5svzaSdKCf BTC: 1HbAHkawHsP9shHY9Xb9htDqjSFogK5x4y ETH: 0x7F5CF2EA6b1d4C4A26d0943f5c35e6d55805cD5e
BITSTAMP:LTCUSD
by JCBCrypto
5
#Litecoin #LTC is headed back to $60 USD with #Bitcoin Gold ForkLitecoin is looking bullish to reach past $60 mark again when the market spiked ($62) after the crash to $36 with the closure of the Chinese exchanges. Bitcoin is stabilizing above $4000 USD with the upcoming friendly fork of Bitcoin Gold -0.30% so Litecoin is looking to hold above $50. Look to swing trade between $52 and $56. First wave of Chinese exchanges are closing this weekend so I am looking to increase my positions. BTCCNY only accounts for 2% of trading volume now so I am not expecting for it to drop below $50, but I am prepared to increase my long term position if it does. Market looks bullish for steady climb with good price action -2.97% . I have purchased Litecoins below $46 before the pump to $98 and have sold all of it during at $60 and $72 resistance levels. I have been scalping trading it as it was coming down and made gains on it by buying at $65 and selling at $78 ($82 was resistance level before crash). I got stuck with some positions purchased at $60, but been steadily picking up around $50 and double downed at $46 - $48 for long term hold. I sold the LTC purchased at $60 and $50 range at $52 before it dropped below $46. I have now re-entered the Litecoin market to make some gains to increase my BTC position to get more of the free BTG. Sorry for not publishing this earlier as I had only uploaded to Twitter. Please feel free to follow me on Twitter for my personal trades: twitter.com
COINBASE:LTCUSD
by FleurdelisFX
1