Ltcusdsignal
Litecoin, buy or sell?BITFINEX:LTCUSD
If Bitcoin is the analogy for "gold", Litecoin is the analogy for "silver", now the fundamentals of the Litecoin suggest to buy or sell? My latest research shows that the Litecoin factor can explain 88% of the the logarithm of Litecoin price.
The Litecoin factor indicator is calculated by Litecoin fundamental factor, it can reflect how much of the Litecoin price is supported by the fundamentals.
The green line is the Litecoin factor in the chart, the trend of it are in conformity with the price.
the orange line is the correlation coefficient between the Litecoin price and the Litecoin factor in the 8 years, its value in November 16, 2021 is 0.86, shows that the Litecoin prices are mostly by the Litecoin factor influence.
Yellow line is Litecoin forecast price, the Litecoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 8 years logarithmic Litecoin predicted price, which represents the prediction accuracy, the value of 88% on November 16, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 0.8, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 16, 2021, the factor indicator of -0.82, is near of -1, shows that the Litecoin price is near of the trough.please pay attention to the buying chance.
Do you think you should buy or sell Litecoin now? Please comment, we communicate each other.
Litecoin- Possibility of 30% riseAfter confirming 140-150 zone as strong support, Litecoin has risen also in October and has reached 200 zone resistance.
A correction followed and new support was formed at around 175
At this moment LtcUsd is trading again in 200 zone resistance and a break looks imminent
As long as 175 support is intact I'm looking for higher prices and 260 resistance is my target
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)
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
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.
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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 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
LTCUSDT Look Bullish!LTCUSDT (DAY CHART) Technical Analysis Update
broadening Wedge
LTC/USDT currently trading at $352.50
Buy-level: Above $375 (only buy if day candle closes above $375)
Stop loss: I will update once i see the breakout)
Target 1: $400
Target 2: $450
Target 3: $500
Target 4: $600
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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