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!!!!!!
Ltcusdanalysis
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
LTCUSD 1D Short-term/Day-trading SHORT/BEARISHLTCUSD 1D Short-term/Day-trading SHORT/BEARISH - Litecoin has seen an incredible resistance at the 0.5 of the Fibonacci Retracement, we currently see a little support on the 0.236 of the Fibonacci Retracement as well so this is what can happen, if the 0.236 of the Fibonacci holds a strong support than $164.39 was the LOW of the downtrend, if we break the 0.236 than our next target is the Daily @ $166.58 where we might see support, if we lose Daily $166.58 than we proceed in a strong downtrend and our next support is at the 0.618 of the Fibonacci Extension ($162.97) HAPPY TRADING!
LTC, Litecoin - I expect on this entry point🔥Price formed a clear triangle. I'll open a long position only in case when the price will make squeezing, breakout, and retest. Set an alert and wait for realization.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
LTC, Litecoin - the first goal is...Preconditions for growth:
- accumulation zone 172 - 186
- squeezing to the resistance line
- false breakout on the resistance line
- after that moving up (it means that for someone it's important to go up)
The first goal is 210. With SL.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Litecoin is warming up! LTC Litecoin super tight triangle consolidation at demand zone. Since anything can happen in this market (and I'm a bull at heart) but the trend is your friend and the key to trading is preparation, discipline, and having a system; this keeps me objective and helps me manage risk. Today price action didn't push lower but looks like a nice "inside day" is in the works. Interest in long on a BRB (Breakout Retest Bounce) move. Will keep updating as we go. Happy trading folks!
Litecoin could test 260 resistanceAlso Litecoin recovered after the deep selloff in the crypto market and after a low of 120 is trading now at 180.
In my opinion, a new leg up is in cards for this coin and dips towards 150 should be bought.
130 is now support and must remain intact for this scenario to be valid
Triple flags for LTC push upwardsExpecting a strong push upwards for COINBASE:LTCUSD after bouncing off the new support of low 300$ zone.
Bullish flags on both the 1 hour and 4 hour charts as on the MACD crosses and accumulates under average.
Then The RSI bounces off the oversold threshold showing support and further accumulation.
With #Bitcoins dominance falling, $ETH becoming further independent;
the next logical sentiment falls unto $LTC for a bullish climb towards new ATH.
Another indicator is the LTC/BTC chart showing Litecoin's stability against bitcoin and a imminent breakout.