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Ltcusdlong

LTCUSD long TP: 104,562 usd.LTCUSD long TP: 104,562 usd. In my latest BTCUSD analysis, I projected a more significant upswing. I am thinking of a similar rise in the LTCUSD chart. The exchange rate analysis starts from the fractal sequences shown in the figure. Apparently 1: 1 fractal copying is done. I will continue to vision this. I see its explanation that the size of the correction separating the rising wave sequences is the same, so that the ATR closing values (white rectangle) predicting its rise are of the same size. From this I conclude that the next rising wave sequence may be of the same size as the second rising wave sequence of the original fractal. Conclusion. I assume a further rise, the target price of the rising wave sequence is 104,562usd.
BITFINEX:LTCUSDLong
by meszaros
2
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have. Buyers are threatening to trigger capitulation on the Weekly: This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening. I was glad to be rid of the resistance and loaded more. This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it). Momentum triggers, shorts cover and smart money continues to buy strength. Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward... Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence. My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing. Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
COINBASE:LTCUSDLong
by ridethepig
1
LTCUSD correction after long entry...LTCUSD correction after long entry. My previous analysis closely followed the LTCUSD movement. Therefore, my current analysis is based on the already familiar set of rules. In my opinion, the exchange rate has entered a correction phase. Fractal copying can still occur. The analysis shows that both fractals developed near the 200-day moving average crossings. You can also see a thin (sea-blue) rectangle. This rectangle represents the offset of the wave sequence within the fractal. Indicates that the fractal that is emerging may be 1: 1, but that its peaks may move upwards. In case I have a real idea, the target price increase is 70usd.
BITFINEX:LTCUSD
by meszaros
6
ridethepig | LTC Market Commentary 2020.14.01It is well known that all major Cryptos are breaking out and conducting very credible momentum flows with helpful sizings. One of the most important requisites of swing trading for those Crypto traders is the ability to squeeze your opponent with momentum breaks. The breakout is much more the game changer and should in no way be compared to stale bids from the retrace leg. So we have the following picture: Bulls were heading for the breakout and at the same time protecting the lows against penetration by sellers.... Here too Bulls choose the breakout, and resolve the range so that it can become a bit more enterprising. Let us take a good look at BTC before and after CME. Sellers are half dead and with little on the calendar to support any retrace, buyers are securing the superiority in the region: So, after getting rid of the "weeds" and shaking out soft hands, all major Crypto buyers are achieving progress in areas which are strategically important for the mid and long term. Good luck all those holding LTC from the initial 42 and 40 entries, you can now sit tight and see how this plays out. As usual thanks so much for all the support with likes, comments, questions, charts and etc. Hope it helps.
COINBASE:LTCUSDLong
by ridethepig
3
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD . According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture. Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38. Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level. Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels. If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal. Resistance Zone: $45 - $50 Support Level: $40, $38, $36 Market Cap: $2 974 833 840 USD Volume (24h): $3 629 057 746 USD Circulating Supply: 63 807 394 LTC The best way to get consistent quality analysis is to follow us. As always, be careful, and don't forget about capital & risk management.
BITFINEX:LTCUSD
by UnknownUnicorn3931771
2
LTC/BTC TA Update (Bigger Triangle Pattern?)LTC/BTC LTC reached my target zone and the price is trading inside this resistance box. LTC also manages to get above the 50 Day MA that's a good sign for a potential trend reversal. Now, if LTC can't get above this resistance box in the coming days, it is still not the end for the Bulls as a pullback is required to continue Higher. The price could back-test the 50 MA to confirm as new support, the RSI is still far from being overbought. LTC still has a ton of work to prove.
Long
by PolarHusk