LTC trianglesLTC price action goes through descending triangles. Every triangle takes longer to play out (lengthening cycles)
First triangle was from mid 2017 to beginning of 2019. (yellow triangle)
Second triangle from beginning 2019 to 2021. (orange triangle)
Third triangle took from 2021 till 2024. (red triangle)
The base of every next triangle is set at the last upper touching point of previous triangle (last candle that touched resistance before breakout).
Bullrun after breakout from red triangle was rejected for now by green line, which has been important level since 2018 (app. 100 EUR). It also coincides with the last touch point before breakout from red triangle. This green line is very important level LTC needs to break before it can go into bullrun mode.
Stoch RSI on the monthly is below 20, curving towards the upside. And RSI on LTCBTC chart has been creating higher lows since January this year while price action has been making lower lows (bullish divergence).
Could this be the much needed push?
LTCEUR
Litecoin may lose more valueLitecoin may see further downward pressure in the coming days if it breaks the yellow resistance line which has been hit many times before, also currently the US stock market is selling off so big players might sell cryptos to have more liquidity, cover the margin call, or ......
This chart is COINBASE:LTCEUR but also you can draw the same line for $LTCUSD.
What is the adage? Don't try to catch a falling banana or cat or something whatever.
I am not short but I'll wait to buy back at a lower price.
LITECOIN LONGS expected 📉📉📉📉 Expecting bullish price action on this coin as we shifted the strucutre from bearish into bullish, price made a bullish bos somewhere around 112$. I will wait for a retracement to happend and then to enter a LONG trade straight into 150-200$ price areas. 100$ institutional figure acts as a valuable area of ,,support,, for this crypto coin.
What do you think ? Comment below..
🔝LTCBTC💥WHAT IS LITECOIN?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
LTC/BTC 4HOUR UPDATEWelcome to this quick LTC/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- LTC/BTC Triangle pattern create to buy the dip and retest green zone
Entry:- buy green zone
Traget:- 20% to 25%
Stop loss:- 21MA Yellow line downside candle close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
LTCEUR BACK TO 21 SUPPORT LEVEL?On weekly timeframe we can see a double TOP near the 350 resistance zone (highest level since December of 2017). After price reached this zone went back down to our 0.786 fib zone and then went up to our 0.5 fib zone.
We can see that the same thing is going on right now, however this time price found support on 0.786 and on 100EMA at the same time.
What if price breaks down both, the 100EMA and 0.786 fib zone?
Share your ideas!
LTC/USDT 57% up without leverage and still chances toward $264.?#LTC/USDT Profit Update:-
$LTC currently trading at $182
And our entry signal was $115-$130
So our Lower entry was also filled.
Now 57% up without leverage.
This is result of patience guys.
I am also holding and booked profit 50% positions here for safe side.
Entry:- $120 ✅
TP1:- $178 ✅
TP2:- $264 waiting
SL:- I placed at my entry level.
Now..?
Now LTCUSDT trading at strong resistance level at $195
If breakout this resistance then we can see $264 next target
But
If Rejected from this level then we can see $155 also
$155 is good support level.
Support:- $155/$130
Resistance:- $195/$264/$420
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LTC/USD (Range at Monthly Key Area?)💎Technical Analysis Summary💎
LTC/USD
-Litecoin is currently trading just above the monthly key area
-Looking at this monthly timeframe, it is more likely to trade sideways
-If we will follow the projection of the upward trendline
-LTC is either move in range until the end of 2021 before deciding to higher or break support
-If you are planning to enter a long term position
-Please wait for the price to build a base of support
-I know this will take a long time to process but will reduce the risk
-You need to practice discipline and always have a trading plan :)
⚠️Please always read the description⚠️
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Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Proper Risk Management 💱
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Litecoin Golden CrossSimilarities in price and indicators can be seen between now and late 2017
Late 2017 price dipped and touched briefly the .618 fib level
Now the price has dipped touching the 1.618 fib level
In both situations a golden cross was present
This leads me to believe a nice run is coming for Litecoin within the year
Buy while its cheap!
More Litecoin LTCUSD / LTCBTCLTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong