Ltcshort
LTC short to 1751) LTC is going on it’s ABC correction wave (5-3-5)
2) The wave A & B of the correction wave are completed and Wave C just started
3) Wave C is going to be a 5 wave series
4) I believe Wave C is going to end at 61.8% which is around $175-180
5) If we notice this is also exactly the end of the previous Wave 4
Summary
1) Bears still in control
2) LTC still in a correction phase and is correcting the whole 4 month 5 wave series
LTC is losing Momentum the LTC price has remained stable during the past 24 hours. However, at the time of writing, LTC seems to be in bad shape after a massive drop down since late week
Will the altcoin recover and push above $170 yesterday , I am thinking it will drop deeply caused by :
1- Head and shoulder formation on Weekly chart
2- Negative sentiment remain bearish within the last 2 weeks especially when price reached the the highest price for LTC @ 242 its noticeable the sellers still controlling the market through volume delta chart analysis
ibb.co
3- Bearish Ingulfing for last week candle suggested selling from 180 as long as the price below this level.
4- Bitcoin remain bearish as long as 49600 still above the price and this will influence LTC momentum.
I will be glad getting any comments regarding this :)
LTCBTC SHORT SCALP 2021/02/26Entry 0.003900
SL 0.003959
TP1 0.003879
TP2 0.003862
TP3 0.003847
TP4 0.003829
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LTCUSD IDEALooking at the graph we seem to be in a triangle pattern. Looking for a break and hold above 212 to see a push higher. Looking for a break below 200 to see a push down to the 185 range. Let me know what you guys think
LTCUSDT It has been a breakout of the triangle if it closes above the upper triangle volume with a four hour candle, meaning that it will continue rising.
Stay Alert .
red litecoin till the mid of dec.there is no doubt that litecoin gonna break the 100$ in jan and even more and more higher
but till the mid of dec. we will see a red litecoin...
supports and resistance areas are listed on the chart...
trade safely , good luck
LITECOIN IN A WEDGE|LOCAL SHORT
LTC_USD has reached a confluence of resistance lines
The horizontal level and the wedge resistance.
I expect at least a local pullback
To retest wedge support
If the wedge breaks, it will fall further down.
Short!
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LTC/USD - Moon or DoomAt an important level, if we can reclaim 55.50ish on weekly I'll look for swings.
LTC/USD - ATS SWING BACKTESTScript settings for 8H timeframe:
· Signal calculation type - "open"
-TP for Long - 40%
-SL for Long - 5.5%
-TP for Short - 25%
-SL for Short - 5%
Finally LTC is going for it!Long on daily with my swing trading indicator active from 52 usd, now ltc is going to break and possible short term target is 82-84 usd.
LTCUSD: Good opportunity for LongAt D1, the cloud is directing upward, indicating an uptrend. The RSI moved down to the level of 50 and the price found support on the Ichimoku cloud.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe. Besides, you can see how the Falling Wedge Pattern is being formed and RSI is at the oversold level, which indicates the weakness of sellers.
We recommend buying LTCUSDT at the end of the Falling Wedge Pattern (near the 50% Fibonacci level) and take the profit near the level of 68.
LTC LONGLTC Reversal..Now Testing Resistance as Support..Still a big resistance to Break. i will add more on flipping that resistance
ltc short term short 4hr chartPotential head and shoulders on four hour time frame, could short around 58 which would form a double top with targets around 58-52
LTCUSDT Time for a quick 6% shortbearish divergence on a 4 hour is enough for me to start ;looking for a quick short scalp
LITECOIN BREAKOUT|STUCK IN THE RANGE?
Litecoin has had its own breakout against the dollar, just as every other asset, as the DXY is falling like a rock.
However, as this breakout is universal, that means that it is a sign of the dollar weakness, not a sign of any particular strength of any asset per se.
That means that as soon as the dollar finds its bottom, Litecoin, having broken the resistance, might have a chance to get stuck in a range outlined on the chart.
Currently, following the range logic, the decline might proceed till the first minor support. Then LTC either bounces to retest the resistance, or the support fails and we get to see how the green line stands.
A possible long near the support line, a certain long at the green line, possible short at the red line.
Always try to wait for a confirmation.
Thank you for reading, like and subscribe and have a nice day.
LTCUSD SHORT 7%LTC has formed a diamond pattern setting up for a trend continuation or reversal of over 5% from either APEX. LTCUSD is now trying to hold on to support at $42.05 and is now testing the lower diamond trend line. Upon breaking the trend line followed by a confirmation of a break of the diamond apex a move of 7% downward to just above $39.05 should complete.
A bearish break is is supported by the overall trend, declining of RSI, MacD and OBV on the 1, 4 and 24 hour time frames.
An upward break out of the diamond would invalidate this analysis.
Technical analysis only. Not investment advice.
🚨 Litecoin Squeezing HARD! (LTC)🤔 Not much price action has changed on litecoin since we last did an analysis on it.
We currently still sit below what use to be old support. It is critical that litecoin can reclaim with a move up here.
Notice that we have the candles Squeezing on the Crossover strategy. Would Emma dots are showing signs of it wanting to go for a buyers market. Would like to enter if broke back above the old support level. If we compress here and turn to red we should see a point of rejection play out. I'm not the biggest fan of litecoin but it does have a good market cap and a strong userbase.
We will see how it plays out, very interesting.
Best of luck! Cheers! 🍺🍺🍺
🥇MLT | MAJOR LEAGUE TRADER
2week Litecoin Sits Below Old Support. (LTC)If we were to zoom in on the weekly for litecoin we would see a lot of doji rejection off of old support as Resistance.
The 2 week is still red across the board, even on the ema dots.
My main concern is that the pennant has broke.
If we fail to push up we could see a strong sell off. If sell off occurs next place to look for is horizontal support on lows in the 20s
Best of luck to you. Will keep and eye out on this one, zero interest as of now for a buy.
Short looks more juicy.
🥇MLT | PRO TRADERS
LTCBTC Technical Analysis Chart Bull V/s Bear#LTCBTC TA Update:
Current Price is 0.005365 BTC.
#LTC Now trading at Strong Support Level.
If Bounce from this Support Level then I can expect 20-30% profit from Here but if loose this strong support level; Then Ready for another 20-30% drop.
I opening long with Tight SL.
I wil close my Position If LTCBTC price Drop bellow 0.0050 BTC.
Guys don't gambling with your Hard earned money.
safe trade and Earn huge.
S: 0.005350/0.004750 BTC
R: 0.006320/0.0073/ 0.008140 BTC
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