Ltcsignal
Litecoin- Rise to 133? (50% gain)Of the 3 coins analyzed today, Litecoin I like best.
As we can see from the daily posted chart, after the top above 100, the break under the rising wedge's support, and the drop in support, LtcUsd has started to rise again.
This rise is very constructive and we have had higher lows since March with the last low being a Pin Bar.
Resistance is now the zone between 93 and 95 and a break here could lead to a rise well above 100 to the next important resistance at 133.
What Will Happen to LITECOIN ? Buy Or Sell ?📊 #LTCUSDT (Litecoin)
💹 Time Frame: Daily (Update)
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🟡English: As you see Litecoin broke out the classic falling wedge pattern in the chart and is trying to hold above MA50. if LTC can close one daily candle above this Area then we will see more upward movement to meet the first resistance near 160$ then head forward to the strong resistance zone near 200$. But If Litecoin can't hold MA50 we will see more bearish movement to the first support near the 100$ area. This Analyzing Will be Updated.
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👤 AmirHossein
📅 02.08.2022
⚠️ (DYOR)
LTC hovering over the ATH LTC is facing difficulty in closing the day above the highest 2017 daily close and has rejected quite a few times now.
So from here LTC may consolidate in a range for some time and break this level Or it will just keep on going from here since there's not much data after the recent dip
We have to keep track of BTC pricing for furthur upward price action ,for alts to rally , we need a stable bitcoin
DYOR
This is not investment advise !!!
LTCBTC SHORT ELLIOT WAVE WITH DETAILED ANALYSISDESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some time.
I thought I should go over some fundamentals and explain what & how the market moves in the way it does (whether bearish bullish parabolic or death spiraling) there are certain fractals that remain constant & these are used by institutional investors; later adopted into crypto trading (albeit different rules: much more volatile, much looser regulations, and ofc--- 24/7/365 open markets.)
So many of you may be new or even those that have been around for a while are all aware of the terms "support" "resistance" "pivot" I'm sure you've heard it many times.
Hell for you amateurs (those that aren't new, but haven't been doing this long enough: i.e. the 3month - 12 month traders) a.k.a. the most dangerous motherfuckers in the community as they are the ones most inclined to spread (and fall for) #FOMO / #FUD, but I digress.
R2S1 IS a key resistance . You are familiar with these, even if you're not sure what i'm talking about.
Here's a clue: $BTCUSD: do these prices mean anything to you? $6200 / $8000 / $9180 / $10.6k / $11.2k etc.
That's right; jog your memory? It's got nothing to do with unlocking doors or secret figures. It's simple consumer confidence & fundamental candlesetick anlaysis based on oversold/undersold markets & have been serving as signals for chart analysts on WallSt since the 1930's.
IF you guys appreciate my publications, the extra time I put into them with opeds / analysis / information which is time consuming and a thankless gig: then please support my work by sharing it to as many folks as possible and smashing that like button for Benzinga's algorithm because at the end of the day I love what I do. I love researching, then love sharing my research. I love to read & write. Unfortunately, that's an anomaly in my generation (I'm a millennial, born 8/16/90) but that's why I'm starting a youtube channel soon.
Already thought of a name:
'Crypt0wiz's Crypto Crystal Ball'
The format of the YT series will be more or less just like my publications (if you're familiar with them) which provide a bit of information rooted in facts with historical analysis transitioned to technical analysis & conjecture that is not financial analysis but meant to serve as my own personal opinion & finally end with a detailed oped / tangent about whatever snapple fact my nerdy ass knows that you don't and you will be more likely to stomach it since it's not in text so this is not really my decision, truth be told I've been pushed into this for the better part of a year now.
Fortunately for me I happen to be really well educated on poli sci, current events, finance & tech so having the "jack-of-all-trades" niche capability is for the first time I can think of a benefit rather than a detriment...if you're wondering how having several niches can be a detriment; truth is I detest having to do 5 things ( even if I"m good at all 5 of them; even if I"m great at them) because if I can be amazing at technical analysis, forex trading, developing smart contracts/nodes, API keys, python software, journalism, amateur comedy, teaching, brokering, etc. it just means that I'll never be an innovator in one of those: and that's what I want...I want to change the world.
For the better.
I know this is cliche & everyone says this: but the last thing I care about is money.
I want to be a fintech billionare...no, I WILL be a fintech billionare within 2-3 years and I will use 99% of that money to save lives & keep no more than $200,000 a year to myself -- I kid you not. That's who I am. Call David at the International Rescue Committee's New York Regional BRANCH or Catherine at St. Jude's Cancer Research at Columbia Presbyterian or Qaseem at Doctors without Borders. They'll tell you.
Anyway let me get this thing published before it's too late.
Figures all on chart. It's a short signal: as it''s a precursor to a BTCUSD retracement.
STOP LOSS is most important one: I'll never stop repeating it ! One of these days I'll forget and it'll drive my OCD mad =P
Have a wonderful day everyone. Take care of yourselves, be good to your friends (and strangers) and don't take life too seriously...enjoy the little things like that cup of coffee you're about to have (if you're on the EST coast like me) as so many of us take so much for granted.
Another cliche, but one worth mentioning.
Peace & Love
Ahmed T.
-@A1MTARABICHI
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LTCUSD buy on H5Plan : wait for prices to bounce off trendline / horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Litecoin and other Alts - To the moon?Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it printed. Yet another thing to note for Litecoin is that the 20EMA has proven to be resistance, let's wait and see if it even makes above this moving average.
Keep in mind that BTC rules this entire universe so we have to see what Bitcoin is doing to get an idea what to expect for all other Alts. For BTC it will be very tough to go over the resistance points that it faces. So if BTC does not go over its resistance, neither will all other alts.
Take a look at the chart below. Bitcoin price is now coming up to the 200MA which is going to be reinforced by the 20MA. Volume needs to be higher or price will drop very soon. Let's take a look at where volume comes from in the chart after this one.
www.tradingview.com
Ok, this is where volume in crypto is generated, if money comes in here than you will see it reflected in BTC and all other alts. For now the norm has been between 200 to 214 billion dollars. If you see it go higher than 214 billion that means we are going to see a large volume spike, and if you see it go lower than 200b we may see a serious drop.
The next important thing is that once money comes into crypto where does it go and how does it get distributed? In the chart below you can see that there has been a drop in BTC's dominance hence the spike in price by some alts. The lower the number on the chart the higher in price alts will be, take a look, right now we are at 69% and if we drop to let's say 50%, that will be great for Alts, the price will spike very high in that case.
Wisdom
In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going down
THE OUTLOOK: Safe to buy a small percentage on the pullback.
Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident xena.exchange
Litecoin - How t make real money - Do I have your attention NOW?I hope you have been following my instructions, if you have, we'll, those buy zones of 68.00 and 65.00 did hit last buy zone is 62.00 which may hit soon. This TA has been aging very, very well. You are shapping up to have a few thousand dollars in your pocket by the end of the year. Back to the TA keep in mind that the death Cross will push LTC even lower, so you should not set an SL just yet, instead set a buy order at 62 or hell set one at 58.00 we may just hit that. BTC may try to make a run for 7,510.00 before going back up.
If BTC hits my green arrow and it may LTC will be around the 50's. The green X is at the crossroads of the 61.8 FIBO of the entire 2019 move and a new trendline. The 200MA is very strong and it is calling BTC down to it on the 1D. Keep an eye on my Bitcoin TA so you can see where LTC is going, Why? Because LTC is contingent on what Bitcoin is doing. Why, because algorithms control most of the trading in this space. The only way you can make money is by understanding what the algos are doing and join them. Their job is to buy cheap and sell high, your job is to control your emotions and buy at "Low Risk" scenarios that the algos create.
Be safe and follow me to stay ahead of the curve.
THE TREND: Clearly going down as predicted
THE OUTLOOK: Unsafe, Death Cross happening now
Litecoin LTC - Let's wait and see It has been a while since LTC had a good move up and it may be a little longer still. Litecoin is in a Descending Triangle with an impending death cross, if in the next 3 to 5 days LTC does not close above $100.00 the death cross will materialize and it will send LTC into the 60's which will make it a perfect buy. LTC can be bought starting at around $68.00 all the way down to $60.00 with the possibility of hitting $200.00 soon. Be safe and follow me to stay ahead of the curve.