Litecoin- Possibility of 30% riseAfter confirming 140-150 zone as strong support, Litecoin has risen also in October and has reached 200 zone resistance.
A correction followed and new support was formed at around 175
At this moment LtcUsd is trading again in 200 zone resistance and a break looks imminent
As long as 175 support is intact I'm looking for higher prices and 260 resistance is my target
Ltcusdanalysis
The small brother breaks out - LTC up to 225BITFINEX:LTCUSD
LTC follows his mother BTC! Almost always!
Take a look at the EMA ribbons which look very good in the 4h TF!
Risky trade? I don't hink so - the october was historically seen a green month.
SL under 148 - if LTC is falling below we see lower prices
TP is higher than 225, ATH can reach in this circle up to the end of december if btc is also going crazy. Thus a first TP can be taken at about 225.
R:R 1:10.
Let's see how its playing out...
Litecoin- buy trade with GREAT R:RSince 6th September Litecoin is trading in a huge falling wedge
The last 3 lows are marginal, indicating the lack of power from the bears
At this moment LtcUsd is trading exactly in resistance and a break looks imminent
The target for a long trade can be 230 recent high, giving us a R:R of more than 1:4
Litecoin to 300 $Hello Traders,
Litecoin has broken the resistance and closed above, expect a retracement and buy.
Targets on the chart.
Post your idea/analysis below for discussion.
Thank you all for your support.
For more accurate setups, stop loss, take profits and mentoring services, FX signals, Crypto, Indices and Stocks PM me.
CRYPTO MARKET IS VOLATILE SO NFA & DYOR!!!
LTC Scenario 1This Fractal is lined up perfectly with the 2017 run to the ATH. If we get something similar it'll put us in the $1200 range by the 11th month of this year. With all the incoming upgrade to the LTC network (mweb, dandelion p2p etc...) this looks like it's only the beginning though. As on the HTF LTC has broken out of a multiyear downtrend and it's looking very good from here. My opinion is that we'll see LTC in the $2200-$2800 by Q2 of 2022 if all goes well. So let's go!!!!!!
Ltc successful trade (5%}Took a trade at demand zone with entry
And kept my sl below previous swing
After first retracement from resistance zone
Drawn the yellow zone as golden zone on fib with (0.5-0.6) levls and trailed my sl
Waiting and holding with patience
Earned good risk to Reward of (1:6.78)
LtcUsd- And up we brokeIn yesterday's comment, I said that Litecoin is waiting for a trigger for breaking up.
With the new wave of optimism in the crypto market, LtcUsd has broken above 150 important resistance and I expect continuation.
As I said, my target is 200usd zone
150 is now support and, in my opinion, should be bought
Litecoin- waiting for a triggerLike all the crypto market, Litecoin also corrected hard, dropping around 75% from top to bottom.
100 is strong support for this crypto and we can have a double bottom in place.
At this point, LtcUsd is trading just under 150 neck-line resistance and a new wave of optimism could lead to a break.
The measured target is 200
LTCUSD Short OpportunityHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for LTCUSD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
Litecoin has massive pump potential LTCUSDon the LTCBTC chart the 1.618 fib level is a point of interest, where price will likely be rejected bullishly with aggression
As has been observed in the past
On the USD pair a Golden cross has been recently observed, the previous golden cross on LTCUSD led to the ATH
Will we see ATH this year? likely.
Deathcrosses in red, golden crosses in green
(1) is a comparison point of very similar price action