Ltcusdanalysis
LTCUSD - LONG- patiently acquiring positions HODL!
Movement will come, direction is waiting for enough positions to take it off or will come down to
see if there is positions left to take liquidity wise. "Patience is Key"
Most probable chance is a a buy limit at 208-215.
Best of luck Traders!
Comments are welcome! Have your say.
Triangle patternFirst of all, I apologize for not being able to update the analysis due to personal issues.
In the daily chart, the first target of the uptrend can be around $ 526.
In the 240-minute chart over review, a Triangle Pattern is under formation, of which it could have ended in this point or it could have extended up to the $ 177 range in the e-wave, and then the ascending movement begins.
We can get the main confirmation for the uptrend, when the price crossing the range of $ 217
LTC may test 180 - 165 support then to $500as we cans see the short resistance black line which litecoin failed to break it 3 times.
a daily red engulfing candle has closed below the black resistance line..
it will be amazing opportunity to catch any ltc between 180 -165
once a daily candle close below 160 ... we can say at that time that we are bearish
but till the moment we r completely bullish and $500 - $1000 is coming !
believe or not .... LTC TO $1000 in that caseLTC shows strong bullish ascending channel so far and strong support , faced resistance $250 before n wouldn't able to break it .
once we close a week candle above $370 so we can predict $1000 easily
Please click Like button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
LTC/USD LONG SET UP Title/(Date): LTC/USD LONG SET UP
Asset:CRYPTO
Symbol: LTC/USD
Order Type: Market execution/BUY LIMIT
Time Frame:1D
Entry Price 1: $196.50 (ACTIVE)
Entry Price 2: $186.50 (Pending)
Stop Loss: $176.50 (200 Pips)
Take Profit 1: $216.50 (200 Pips)
Take Profit 2: $236.50 (400 Pips)
Take Profit 3: $256.50 (600 Pips)
Take Profit 4: $276.50 (800 Pips)
Take Profit 5:$296.50 (1,000 Pips)
Status: 🚨Pending🚨
LTCUSD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
LTC "W" Pattern Completed, May Go for CorrectionHello Dear Traders,
LTC performed great in this altseason, we also called it from 60, all Targets achieved in few weeks.
as u can see in chart LTC is facing heavy selling pressure form weekly supply zone.
Last week candle closed strong bearish and its indicating reversal frm here.
Also it successfully completed W Chart pattern, now its time for healthy correction towards 80-100$ again.
As we know Crypto is getting huge adoption worldwide, if something magical happens then only my idea of LTC will get invalidated.
Chart is clearly indicating next few weeks will be bearish.
LTC chart analysis 6/03/21LTC can do both way. Its slow selling trend is not over yet but strong selling trend is over. Its strong first buying trend is over but second buying trend is not over.
FIRST BUYING TREND LINE
From first buying trend started on 1st feb and lasted till 23rd feb and on 23rd feb its daily candle closes below the trend line meaning buying trend is over. On the same day it went up from $157 to $173 and continued buying (high $205) till it touches the first trend line at $200 (on 25th feb) and then bounced back from that as it becomes resistance. so this strong buying trend is over as market fell by touching this trend line.
SECOND BUY TREND LINE
on 23rd feb it fell down from $208 to $157 and then it was bought from $157 to $205 and forming 2nd buying trend line. on 28th feb market went below this 2nd buying trend line all the way low $152 but closes above trend line showing that this trend line is still honored and continued its 2nd buying tend up to $196 in just 4 days giving 35% potential profit. now market is above this 2nd trend line.
FIRST SELLING TREND LINE
1st strong selling trend starts on 20th feb falling from $247 and continues till 28th feb touching $152 and on 1st march its first selling trend was over as daily candle closed above the selling trend line at $175 signaling that first selling trend is over and it is bought till touches $196.
SECOND SELLING TREND
Second selling trend starts on 4th march when it started selling from $196 to $168 on 5th march. now it is on the edge of 2nd selling trend line and 2nd buying trend. if it closes above this 2nd selling trend line than it can go to $203, $230 and last target will be $247 and if it closes bleow the 2nd trend ine then it can sell down to $162, $150 and final support will be $121.
FOLLOW THE CHART IF YOU WANT TO TRADE LTC.
LTCUSD - IHS, Short Target of </+ $160 USD, then Local High TestGood Evening,
After a bounce back from the recent local low, we are trending up some now. Selling pressure increased at the top of the neck line and prices are moving slowly back down. Normal process for the IHS and also a retest of the recent bull flag breakout.
$LTC - $LTCUSD - ROADMAP TO ~$1000 Litecoin Mimblewimble Event & other speculations will drive the price and ignite the continuation of Parabolic curve
Both $BTC & $ETH lost the momentum and currently under price discovery & in the bearish channel.
When $LTC pumping and $BTC & $ETH stagnant - Newbies, Grayscale or anyone which coin will they BUY?
FLARE airdrop to $LTC Holders
SPOILERS from Charlie Lee
etc.