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.
Ltcusdlong
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.
Not the best deal. Risky. But you can trySince Bitcoin is growing, many people are reluctant to buy it. They want to buy different Altcoins.
If you really want to buy Altcoin in addition to ETH, LTC might be a good option for you.
SL: If 1D candle closes under 164.
TP: Depends on the market situation. I recommend setting up 50% on the $298. But it is safer to buy bitcoin at the moment.
Litecoin Very BullishAn idea for Litecoin
Can see the comparison points on the RSI, clearly
What interests me most is the curve on RSI, may result in price forming a parabola (assumption)
Enjoying this new chart style, hope you do too
Above is a chart showing why I hodl hope for Degen coins, the same degeneracy Litecoin showed early on
LTCUSD BUY SETUP- $370 LONG TERM TARGETRight here on a weekly chart, we can see the double bottom (W pattern) indicating a buy signal to go long to $370.
Also, a clearer picture of it was shown on a dialy chart. A trendline breakout occurred at $161 which confirms the W pattern to go long to $240.
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Litecoin (LTC) - potential for 40%+ growthLitecoin seems to have broken the downward trend line made over the last week or so. I think we should see good movement upward with the potential to re-test our previous high.
This could mean up to 40% growth for the coin Particularly if BTC continues to grow once again this could be a great opportunity to for litecoin which still hasn't seen the explosive growth we might have expected (not even hit 2017 ATH)
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This is not financial advice do your own research
$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.
Litecoin Long Idea LTCUSDIdea for LTC
Similarities can be seen within 2.618, this may lead to a very sharp movement up (c)
A move like this would smash the fib ring of 2.618
Two point comparison
Areas in green circles or ovals are support areas, red circles / ovals are resistance areas
Fib waves Idea attached which I think is relative to the movement within 2.618
Litecoin - $165 target hit. What next?Follow me to receive more updates on this pair.🤙
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Here is a confirmation of the post I made earlier on LTCUSD. Take a minute of your time to check out the idea.
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Litecoin - To sell to $165A trendline breakout occurred at $212.916 with a pullback in play. After the pull back is complete, I expect litecoin to short to $165.
What do you think?
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Thank you for your support!💓
Update: Litecoin continue up!!!; break evenIn this update, we see in H8 timeframe that Litecoin continue bullish. So, we're going to the moon toward the $400 USD, my target profit.
Now, I put a break even in the $212 USD to protect my earnings in Litecoin moving the SL for smart zone, as my price entry was around of $206 USD.
Guys, cryptoucrrency it's the best that I'd never know.
And in Daily timeframe, we're so bullish.
If you follow my long signal in Litecoin, congraluations for your, Guys, you will being now earning money in trading diary, specifically in Litecoin toward the $400 USD target profit just be patience and keep this position. For that, I'm so happy with my awesome work and I believe that I'm a crytpo-traders so distinguided and recognized in cryptocurrency. I like to catched the volatile market, for that crytpocurrency it's the best.
Alert: Litecoin it's exploding right now!!! bullish signalToday, in H4 timeframe, Litecoin form a simetric triangle and we see in this screenshoot below of this sentence that Litecoin it's exploding and the price it's around of $230 USD.
For that, we bought in the $210 USD to entry in the break even cases that in the past 2 days Litecoin drop 20% and touch us the break eve nat $190 USD in this deep correction. But now was a bear signal, just a correction. But we continue bullish.
And in Daily timeframe, Ethereum it's so bullish the trend that we see intide of this display. And we're going toward the $400 dollars soon.
Now, as I get a profit of 0.032 BTC, now my rest profit ill be the 0.081 BTC when Litecoin touch the $400 USD But, in total, it's following the 0.112 BTC approximately.
So, keep your Litecoin contract toward the $400 USD to earn a big earnings passive in our operaive!!!
[17 Feb] Litecoin On The Run...Bullish ContinuationWe managed to see a rejection off a resistance level@228.80. I am expecting litecoin to make a short BEARISH retracement till 78.6 fib level (or touching my moving averages) before seeing a BULLISH continuation. This will be a BULLISH push for litecoin as it is building strength for a potential breakout, continuing its upward climb. I will be eyeing a 161.8% fib level as my TP level as of now as. This is subjected to changes as we head closer to the level. I will be updating on this post so do keep a lookout.
I will like to let you guys know that YGForex will be working towards providing cryptocurrency signal here for all of you guys. I will update daily and share my thoughts on it. This is provided we have opportunities to enter. Do follow our signal at your own risk. Do also keep in mind that we are not providing any professional financial advice.
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Litecoin Buy setup, Long to $229As seen on this chart, a trendline breakout and retest has occurred, therefore giving a signal to go long to $229.
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