Ltcusdlong
Is Litecoin REALLY About to Go on A Bull Run?Hello Traders,
I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below).
From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin just had a pre halving pump very similar to the July 2015 pre halving pump. Price in 2015 took about 55 days to retrace to the 0.786 fib level and then it went sideways and up. Today the price took 123 days to retrace to the 0.786 fib level which has been supported by the bulls with a wick and a bounce.
On the weekly chart there has been bullish divergence on the RSI and price is currently hugging the weekly 200 MA.
From an EW perspective things are actually looking pretty normal and it would seem a sensible conclusion that price will go up here.
LTC (Prj.Y19.P2.E03).Nearing Trend reversalOf recent, LTC is refusing to go any lower and has recently gained ground on BTC (pairing).
This has got my attention and after further TA, it looks like LTC is near the bottom (already hit in my opinion) and is moving towards the edges of the channel described by the pitchFork.
Key points:
> Price spiked at a PIVOTAL point which coincided with BTC Pivotal point. Confirming the RING is the pivot point.
> Fib Fan also confirms the level of bounce, crossing over with the FIB Fan.
> At the Macro level, confluence as well.
> Elliott wave count completed.
It seems MANY points indicate that this pivot move is a major milestone. Coincidence, unlikely.
I'll share the chart, and you make the decision with all the points I just raised.
Also please, don't take my price movement as a serious attempt, its just a guide.
Please like,give it a thumbs up if you agree.
Cheers,
S.Sari \ CryptoProspa
MACRO Level Chart
Daily
Close up
Weekly chart > Tool suggests a bullish divergence
Coinbase with more history
BEAR MARKET IS OVER?! 0.0063 or 0.0042?Let me ask you a simple question. Why are you here? I mean, what is your ultimate goal in crypto?
Money / Technology / Meme?
Money? Then, Who is the richest person you know in crypto AROUND YOU? I can hear you, it is so hard to measure it on TV BUT AT LEAST you can calculate his winning rate / accuracy on his latest 5 - 10 charts?
( On twitter, It is a bit easier to understand who is winner - Winning rate / Life style / Trading size - SHOW ME THE MONEY! )
Did you also know? You Are The Average Of The Five Crypto Traders You Follow The Most Time With.
That's why, If you want to learn something from other people on social media. You should be so picky who to follow! Go calculate his / her last calls, and figure it out!
I am so confident on my tradingview / twitter calls since 2016.
Why am I talking this ? Because, so many people are blindly following wrong traders / wrong trades over and over for years.
If you are not making money from crypto, YOU HAVE THINK carefully! What are you doing wrong for days / weeks / months perhaps years?
I know you are also expecting me to talk about Litecoin!
Ok, Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign in the excitement a bit. Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!
On Dec 2017 at 3.15pm : Not saying it will drop that low, but investors need to be able to withstand that big of a drop . It will shake people out otherwise.
Every pump I've seen has been followed by a bear cycle. The market needs time to consolidate. That's just my experience from 6+ years of watching this space. How low and how long it will be is unclear. But people need to be aware of this possibility.
if you are in crypto after 2017, You have to read twitter.com before start to trade / invest it.
---- It has been almost 2 years since he tweeted this! That's why I pointed out the bear market would be over between Sep 2 and Nov 4,2019 on my
bitcoin tradingview post (Over 24,000 views - in March 2019) . I have been saying it for weeks on my twitter account as well. Since then, I set 14 bitcoins buy orders on alts.
The risk / reward ratio is great at around 0.0063 BTC!
If It doesn't hold - welcome to the darkest side of crypto - 0.0042 BTC
Target? The chart speaks itself!
Protip : Copy those who are already successful in your eyes!
LTCUSD formed bullish Cypher | A good buying opportunityPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Cypher pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.922 to 57.478
Sell between: 58.272 to 59.112
Regards,
Atif Akbar (moon333)
LTCUSD Breaks Resistance, $100 by End of YearTaking a look at LTCUSD, we can see a breakout beyond overhead resistance and the price appears to be bull flagging. I like this set up here. Bullish divergence on the MACD, but the zero line may cause some resistance. A clear break above that would be a big buy signal. LTCBTC chart actually held up very well compared to other alts during Bitcoin’s pump which may be another testament to its strength. It wouldn’t surprise me to see LTC close to $100 by year’s end.
Long Term Chart on LTCUSDCOINBASE:LTCUSD has two paths:
Bullish to 400
OR we will go to zero
To trigger the trade you need some important news about ltc or crypto market (like Libra)
The news has to be real not some fake news that you read on websites that pretend to be crypto expert or you gonna burn your money.
To make money you have to trade the news not the rumor.
This is a general chart you can see that all altcoins have a similar chart.
This is not investment advice if you make money or lose money it is your responsibility.
Sorry for the broken English
LTCUSD formed bullish Butterfly | Upto 27% move expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Butterfly pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 47.881 to 44.505
Sell between: 50.500 to 56.841
Regards,
Atif Akbar (moon333)
LTCUSD forming bullish cypher | A good long opportunity aheadAfter forming Shark pattern now th priceline of Litecoin / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets
Buy between: 55.78 to 54.57
Sell between: 56.74 to 59.03
Regards,
Atif Akbar (moon333)