LTCUSD long term weekly view ideaI believe we are breaking out of a long term trend line starting at the high of 146 on June 17th 2019 in this weekly candle depending on where it closes in six days, also the blue shorter term trend line stemming from the two wicks @ the highs 50.96 on April 27th 2020 and the wick on June 1st 2020 @49.90. To really confirm a breakout we not only have to close the weekly outside of the long term trend line but also not get rejected from the blue trend line, which if we tested this week would be at 48.87. A confirmed break above that level as well as the long term trend line and i will have my target set for 80$ with a hopeful retest of 64$ before a continuation. This is all subject to change depending on where this weekly candle closes.
Ltcusdlong
Litecoin LTC Breaking outLTC is set for a big run both technically and fundamentally. LTC is not far off its low at this point and looks like a sleeping giant. Everyone talks about ETH and its true Ethereum is a juggernaut and will see significant upside. Litecoin is flying under the radar. This setup is ripe. Litecoin anywhere under $50 is an easy 2x in 3 months with the possibility of 3-4x. Litecoin blazes the trail for Bitcoin.
One weekly close above the 200 EMA is all it will take for this one to 2x and then some. Litecoin could have an explosive rise in August.
How I plan to trade this...
Look for the Metroyska doll style nested H&S formations. Buy on the neckline on the way up and sell on top of the shoulder on the way down. The stage is set for 3 jumps up and based on past performance 3 down. Stick to the daily charts and longer time frame. I will post another chart in the future detailing this.
Enough of the technical lets look at whats coming. One word "MimbleWimble" The groundwork has already been laid for implementing this hot new security protocol. In order to get there the project team needed to update the core code as well as the lightning network code. Both of these tasks are completed, in production environment, and running smoothly. The team is looking to release an update to the test network in September. Take a look at the new articles linked below for more details.
litecoin.com
litecoin.com
litecoin.com
Triple Bottom or bearish Rectangle on LTC?Hello, traders.
Is LTC forming a bearish Rectangle or a tipple bottom?
Tell us what you think.
For now, we have to wait for the price to show which direction it will take for us to go together with it, either if the triple bottom or the bearish rectangle plays.
Best regards.
Sandro and Gustavo
LTC Litecoin road map to 150$ pump overdue!!Hey so litecoin has been accumulating for 2years highest from last year was 80$. I believe the bottom is in last march 2020 but with another accumulation i will not be surprise to reach target by around October or November.
We got a heavy support at 39-40$ i believe when we break the 45$ resistance the breakout will initiate its bullrun. Watchout!
LTCUSD D1 LONG PRICE ACTION FORECAST -UPDATE-Litecoin has been trading as expected in my previous analysis. The order will remain open, as price action continues to show and smooth but valid uptrend, trading with the rising triangle pattern.
Just cut at half the risk and moved my S/L to a tight level, below the consolidation candle's shadow.
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LTCUSD has bounced from the supportHey guys and gals hope you are doing well and welcome to the new update on Litecoin. In my previous post I was expecting that the price action has completed the final leg of bullish BAT pattern. But the final leg retraced little bit more down up to 1.281 retracement level and changed its pattern from BAT to bullish Crab pattern. After entering in the potential reversal zone pirceline moved up by 15%.
Previouse post:
Current Crab move:
Finally priceline is moving up from the support of channel:
The priceline of Litecoin has also formed in up channel after the mid of March 2020. And since 26th of June the priceline was moving at the support. Now finally the price action has started upward move and likely to make another attempt for the break out.
Descending triangle and volume profile:
If we switch to the long-term weekly chart then LTC coin is also moving in a descending triangle. After taking bounce from the support on 9th of March 2020 the price action is moving at the centre of this triangle. After placing the volume profile on the complete price action moving within descending triangle we can get the reason why the price action is moving at this level. And it can be clearly observed that the point of control of the volume profile is at this level. Therefore the priceline is moving around this point of control. However, if we watch the trader’s interest as per volume profile then it is at $85. Therefore it will be easy for the priceline to move up to this level. And in order to reach at this level the price action will need to breakout the resistance of this triangle.
Conclusion:
As the price action has already bounced from the support of the descending triangle and also has taken bullish divergence from the potential reversal zone of Crab pattern. Therefore we can expect that the priceline of Litecoin can make further upward move to reach at least up to the resistance of the triangle. However, we should set our stop loss point at the support of an up channel that is formed on the daily chart. Because if it will be broken down then priceline can start a downward rally.
LTC Gann prediction, final shakeout, spring is really coming?1. the last rising wave of ltc hasn't pumped too much, what's more, ltc/ btc finally broke through the long-term pressure level today, indicateing that the coming drop will not be too deep.
2. Charlie Lee will make LTC great again (he has money)
3. September 2020 is special . Defi, distributed storage filecoin is preparing to launch, also btc will have big move.
Want to talk about the unique highlights of LTC?
Sorry, Not at all, even if ltc returned to 300 dollars again, we can still see 40 dollars ltc again in the future
LTC target: 88-107-150-220$
LTCUSD a bullish reversal pattern is appearedHi friends hope you are well and welcome to the new update on Litecoin. The LTC coin is again at the support of the channel therefore in today’s post we will try to see whether it will break down the support or not and what the price action can do next.
Harmonic moves with consistency and continuity:
In my previous article we have seen that on the daily chart the priceline of Litecoin Is forming different harmonic patterns with consistency and continuity. 1st the price action formed a bearish Butterfly then the priceline of LTC formed a bullish BAT and after the completion of this bullish BAT the price action fromed another bearish BAT pattern and now the price action has again formed another bullish BAT pattern. At the moment the priceline is moving in the potential reversal zone since 11 June 2020. But we should set the potential reversal zone as our stop loss strictly because if the PRZ level will be broken down then the price action can move more down to form bulish Crab pattern.
The support of all SMAs are broken down:
If we watch the different simple moving averages with the time period of 25 50 100 and 20. Then it can be easily seen that the priceline of Litecoin has broken down all the simple moving averages and has no support of any SMA below the candlesticks. Therefore I would repeat again that we should take care of our stop loss and you can set your stop loss point at the maximum extent of potential reversal zone of BAT pattern.
Movement in up channel and EMAs:
Since mid of March 2020 price action is moving in an up channel and during this movement it is using the exponential moving averages with the time period of 10 in 21 as good support. At the moment price action of LTC has broken down these two exponential moving averages but having a strong support of up channel. If this channel will be broken down then a new bearish rally can be started that will take the price action more down.
On the long term weekly chart I am waiting for the formation of bull cross between 50 and 100 simple moving average. If we take a look back at 2016 to 2017. Then after the formation of the this bull cross if a strong bullish rally was started that led the price action to $370. And this is the highest price ever.
A bull flag between 50 and 100 SMAs was formed in Feb 2020. And after this cross we witnessed a powerful bullish rally in that month. But that cross was formed above the price action the difference between this bull cross and the previous cross is the previous bull cross between 50 and 100 simple moving averages was formed blow the candlesticks but current cross was formed above the candlesticks. If we want to see a powerful bullish move like we have seen back in 2017. Then we need this cross below the priceline. At this time the distance between the candlesticks and moving averages is very small. Therefore at anytime price action can cross up the moving averages and we can see a bull cross formation below the candle sticks.
Conclusion:
Even though the distance between the moving averages and the candlestick on weekly chart is very small but this is a fact that at this time the priceline has no support of any moving average on the daily chart. Therefore we should take care of our stop loss. However the BAT formation can save the priceline to break down the channel. And if the price action will take the bullish divergence from the potential reversal zone of the BAT then the price action can move up at least up to the resistance of the channel and that is at $50.
LTC - Litecoin breaks out of year long wedgeLitecoin has come on to my radar. You can see that the price has broken out of a year long wedge in pink, but lacked support from the bulls to have a truly bullish breakout. However, the price action is tightening up again in yet another falling wedge and on the lower time frames, has already broken out. The daily MACD is showing a bullish cross over the signal line and there's good bullish divergence. I think LTC is ready to bounce against BTC.
My Plan
I am waiting to confirm a bullish breakout with volume. With BTC showing weakness, I'm hesitant to commit right now in fear of a forceful dump that would take the whole market with it. LTCUSDT is also not looking bullish which also causes me to pause. But if BTC can manage to stabilize itself, I think LTC might be prime for a breakout. Patience is the game now.
LTCUSD D1 LONG PRICE ACTION FORECAST Price action is currently under bearish forces, heading towards the rising trendline for a retest and bounce to upper levels. We could appreciate a compelling bullish momentum in most cryptos as they already test their support levels.
Then is Litecoin can manage the breakout of the resistance level from the rising triangle formation, this could bring the price to the 62$ handle
The order:
Type: buy-limit
S/L: 320 pips - R:R | 1:2.7 -
T/P: aiming towards the resistance from the ascending triangle.
Waiting for Dump Towards 32$ for long Target 90$ (New Bull Run)🛑Pair: LTCUSD
✅Current Trend: SIDEWAYS
✅Daily Base: LOOKING SHORT Correction 38$
✅Weekly Base: Dump expecting if BTC dump.
Comments : We see long bull run once LTCUSD hit major support level 28$ to 32$ currently all market under uncertainty for 2nd wave COVID-19 and Crypto also reject to take over stock market in march 2020 when all market crushed, that time crypto also crushed hard 4000$ in just 30 min. so that means Crypto Market Also following the same pattern of the stock market.
🛑SUPPORT/RESISTANCE
✅S1= 38$
✅S2=32$
✴️R1=44$
✴️R2=56$
LTCUSDt signal (LONG)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
IDEA WITH GROWTH IS RELEVANT ONLY IF BTC WILL RISE, KEEP EYES ON BTC!!!
open pos: market
targets: 46 - 47.3 - 50
after first target reached move ur stop to breakeven
stop: under 42 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
Litecoin 12000%??? | LTC Price Analysis 2020-2021Hi guys and gals and welcome to the new update on Litecoin. The LTC is moving very well between the different patterns and we will talk about those moves and we will also discuss the different indicators and the moving averages as well.
Up channel and EMAs
Like every top altcoin the litecoin also has formed an up channel. And sometimes it is moving above the exponential moving averagea 10 and 21 and sometime it was moving sideways with these EMAs. At this time the price action has almost broken down the EMA 10 and 21 and likely to have a bounce from the support of the channel:
The different harmonic moves within the channel:
Price action of Litecoin is forming the different harmonic moves with the continuation within this up channel. And every time when it enters in the potential reversal zone of any pattern it takes powerful bullish divergence successfully. First of all the price action formed a bearish Butterfly move then it formed bullish BAT pattern. After the successful formation of BAT pattern it completed the formation of bullish cypher and now it has completed the formation of another bullish BATT pattern and entered in the potential zone of this BAT. This PRZ level or buying zone starts from $43.51 up to $. 67. From here LTC can again take the powerful bullish divergence. However we should set the maximum extent of this potential reversal zone as our stop loss. Because if this PRZ level will be broken down then the price action may move more down to form a bullish Crab.
Simple moving averages on daily chart:
On the daily chart the 50 simple moving average has formed a bull cross with the 100 simple moving average. But the price action is still moving down and at this time it is having the support of 100 SMA. If the 50 simple moving average will form the golden cross with 200 simple moving average then the price action can move more up restart an another bullish rally. Because golden cross between 50 and 200 SMAs is considered as a very strong buying signal among the trader's community.
Simple moving averages on weekly chart:
If we watch the simple moving averages with the time period of 50 and 100 on the long term weekly chart then it can be clearly seen that when back in 2016 the 50 SMA crossed up the 100 simple moving average then it leaded the price action to turn very strong parabolic bullish that produced more than 12000% rally. This time again second time in the history of LTC the 50 simple moving average again formed a bull cross with 100 simple moving average on 3rd Feb 2020. But there was a big difference between the previous bull cross and current bull cross, because the previous bull cross of 50 and 100 SMAs was formed below the candlesticks and that is very strong bullish signal but on the other hand the current bull cross between 50 and 100 SMAs was formed above the price action. Therefore even though this golden cross pulled the price action up but at the same time it was working as a resistance for the priceline. And the price action could not breakout this resistance level of the moving averages and moved down.
Simple moving averages on monthly chart:
For any big move I am looking at simple moving averages of monthly chart. Below you can notice I have placed two simple moving averages with the time period of 7 and second is with the time period of 50. The 7 simple moving average is very significant and has very importance role to produce any big move.
On the below chart you can observe that back in Jan 2017 when the 7 SMA crossed down the priceline the it produced more than 12000% bullish move. Then again in March 2019 the 7 moving average crossed down candlesticks then it produced more than 274% bullish rally. Now at this time the 7 moving averages is very close to the candlestick even it is touching the upper wick of the candlestick and showing the tendency to move down again. this time the 7 MA is already in bear cross with 50 simple moving average. Once the 7 SMA will again cross down the price action and start lifting the priceline upward then it will also form a bull cross with 50 simple moving average as well. And that will lead to a very powerful long term bullish move.
Conclusion:
The price action is already in the potential reversal zone of bullish BAT and has the good support of 100 simple moving average. If the seven moving average on the monthly chart will provide a support to the price action then we can soon witness a very powerful bullish move.
LTCUSD LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
LTCUSDt AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
until we are higher than 42.5 we're bullish
targets: 53 - 55 - 57
after first target reached move ur stop to breakeven
stop: under 42.5 (depending of ur risk). ALWAYS follow ur RM .
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).