Ltctrading
LTCUSDT Still Bullish 🚀Our previous LTCUSDT idea worked out pretty good!
Idea still valid. Still bullish on Litecoin
After a sharp drop during our Asian friends market hour, it is back to previous resistance now turned Support
A minor wall at around $206-$209 . After this no major hinderance going up.
We can break it, with higher Volume and power by the Bulls
MACD about crossing up.
My target is set between $235-$241 for profit taking.
Provided BTC remains a good Boy!
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LTCUSDT Going for Another BreakOUT ?? 🚀Hello Fellow Crypto investors and Traders 📈
Surprisingly a good weekend went by, not much of dips.
Off to a good week-start with BTC well above $50k
LTC move above my EMA trend line gives confident upward attempt
Wait for another candle open above it to confirm trend
RSI looks good on the upward ride
Promising uptrend shape emerged. Higher-Highs as seen
Made two good attempts at the Resistance area, $194-$196
The next attempt will shoot through it. Couple waves before we break it .
Not much of difficulties above that region
Hoping BTC keeps its game tight at $50k and above will help a lot
Any downward BTC move will push LTCUSDT towards Support area breaking the trendline
Keep your eyes open 👀
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LTC - A bullish pattern triggered!Hello everyone! So, LTC triggered a bullish pattern today, and now it’s trading above that pink line we mentioned yesterday. If you missed my last analysis, the link to it is below. Also, if you are new here, I invite you to follow me, I do daily analysis and you will stay updated of our trades.
Yes, LTC is still dangerously close to this pink line, but I believe the bulls will pass through it. The next two challenges are a little bit harder, which are the blue and black lines. But, for now, let’s keep our eyes in the pink line. Now, let’s see the daily chart:
There’re a lot of supports here, which is good. The last two red candles left big shadows behind, and as I said in my last analysis this means the bears aren’t so strong as they think. They tried to penetrate the support zone, but they failed miserably, and these long shadows are the scars of a lost battle.
Now, the most important thing for LTC is to close above that red line, because it will frustrate a bearish pivot (orange lines) and will surpass a zone that was support and resistance in the past. That’s the first challenge. The second one, is to close above the blue line, which is the 38.2% Fibonacci Retracement. If the bulls pass through that point, then we will hit our so dreamed target zone without major problems.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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Reasons to be OPTIMISTIC.Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
How to HEDGE from a mini CRASH.Ok, LTC gave us a hard time here, which is disappointing, because it had a lot of potential (still has, but we should wait a little more). You guys know that I bought LTC for the first time at U$ 41.40, sold half of position around U$ 45, and bought recently bought again at U$ 48.63. All the links of our trades are below and follow me to keep updated.
I said that I wasn’t going to lose money here, and I didn’t. I put a stop order at my average entry price (precisely at U$ 45.15) and now I’m out. Since I was afraid of a mini crash during the weekend, I did a very successful hedge using BTC, and I manage to get some profits from it, check it in the link below.
Now, what to expect? Let’s look at the hourly chart:
The price did a nice bull trap here. It closed above that black line, which was my criteria to buy more, and failed completely in keeping the price up. Well, it happens. Now it did a triple bottom and the bulls should react quick, because if the price loses that bottom the next stop will be inside the “support zone” in the daily chart, and the price could sink to U$ 37 again.
Still looking at the daily chart, it’s hard to tell what could happen below that level, but we can assume some of the pink lines will do the job. Other than them, only the black line at U$ 25.23 will remain.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
LTC - I'm about to BUY MORE!As you guys already know, I’m seriously thinking in buying more LTC and I’m still holding a long position since Apr 22, when we bought it for the first time. If you missed this trade, I’ll put the links about it bellow, and follow me to keep updated, here you’ll find daily analyses about cryptos and other assets I’m trading.
Technically I could’ve already bought more LTC today, but as I said in my previous analysis (also, link bellow) I’m waiting for an important sign in the hourly chart. Let’s look it again:
I’m waiting for a close above that black line. It’s an important price zone to surpass, and if the bulls manage to keep the price up will be an amazing sign. Although in the daily chart we see a bullish engulf, which was triggered today, I’m just waiting this sign here. Now, the weekly chart:
I’ll maintain what I said in my last analysis here. Yes, there’re two resistances here, the 21 ema and the fib retracement, but if the bulls keep going giving us good signs in the daily/hourly basis, it’s easy to imagine LTC near the 61.8 fib retracement.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Are the BULLS finally AWAKE?Hello everyone! You guys know that I’m still keeping some LTC, since our last trade. We bought it around U$ 41.40, on April 22, and you can check it accessing the link of my analysis bellow. If you missed it remember to follow me to keep updated of our trades and analyses.
LTC hit the 38.2% fib retracement and entered on "the sleep mode". The 21 ema and the previous top (red line) did a good job supporting the price, and now it seems it’s doing a Bullish Engulf . If it closes above the fib retracement it will be awesome, and I’m thinking in buying more.
Let’s take a look at the hourly chart, as usual:
We should be aware of that black line! It was support / resistance in the past, and let’s hope it will not hold the price for too long. If the price closes above that line will be another great sign.
Also, let’s look the weekly chart:
There’re two resistances here, the 21 ema and the fib retracement (as in the daily chart), so the bulls should be careful. But I’m still optimistic here, let’s see how it will turn out.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *