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LTCBTC trade ideas

LTC/BTC Pairing Combined with historic LTC/USDThis is another long term trend to be bullish on, I found this to be a great example of why I think that LTC is on its way back to where it deserves to be. The LTC/BTC pairing is interesting to follow because the price of the USD seems to go up no matter what. The price of BTC does not need to go down for LTC to gain value and rise out of this 4-5 year long descending wedge. And if/when BTC goes up? LTC often follows right behind. I have highlighted what I believe to be most of the key resistances in regards to dominance levels. Blue lines are the final levels before seeking new territories on either side. Green is where it is at today. If the LTC/BTC pairing were to chug its way back to the upper limits and 1 BTC was worth $50,000 the corresponding price of LTC would be 1250. I am not saying BTC will drop down there (I actually wish it would so I can get more). With all this being said, it is not unreasonable to think that LTC has broken out of this wedge just in time for a Christmas run up to some big numbers. All in all, as I have mentioned in my previous post, only LTC and XRP have been able to remain in the top 15 without having reached and surpassed their previous all time highs. They both have a proven stable spot in the crypto sphere, its only a matter of time before the market realizes they aren't going anywhere.
Long
by CautiousnCurious
Litecoin LTCBTC - Falling wedge + bullish divergence! (Weekly)- On the weekly scale we can spot a huge falling wedge - bullish pattern. - RSI indicator is printing a bullish divergence. - Profit target is 0.618 FIB retracement. - Litecoin can explode anytime right now! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
15
After LTC rally where do we come down to?LTC tested overhead, multi-year, linear resistance against bitcoin and the huge falling wedge pattern that has formed. Looks like this may be the mid-November correction like we had in 2017 (but it might not, never know for sure). I don't think we'll see a 100% retracement like the last LTC pump and that's due to the bullish news of the token, but I do believe more profit taking is in order. My look to re-accumulate is on 200 1H MA and 61.8% fib retracement where 1H RSI is near 30, somewhere around 0.00365 BTC. Totally guessing on this zone, could this be the last great buy opportunity for LTC before it breaks this 4 year old falling wedge and moons?.....
Long
by GunMoney
LTC vs BTC => Shift In Momentum Soon!Hello TradingView Family, I found LTCBTC chart interesting. Here is why. LTCBTC has been bearish for a while. HOWEVER... We can clearly see that the bearish impulse movements are getting smaller and more flat. So from a market structure perspective, this is an early alert that the buyers are losing strength. Moreover, LTCBTC is currently sitting around a strong demand zone marked in green. That being said, we know that we might have a potential reversal soon. BUT WHEN? For the buyers to take over, and the momentum to be shifted, LTCBTC needs to break above the last major high marked in gray around 0.008 If this happens and LTCBTC goes up => it means: Scenario 1 - LITECOIN UP, and BITCOIN DOWN Scenario 2 - LITECOIN UP, and BITCOIN UP with Litecoin moving up more aggressively Scenario 3 - LITECOIN DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively Which scenario is more likely to happen in your opinion? and Why? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
46
Detailed LiteCoin analysis with Glassnode and BTCHello. I believe in a rise of LiteCoin, and here I present the reasons. Contextualization Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs. Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network. However, it is noteworthy that the Lightning Network is not yet widely adopted. Some exchanges and wallets are supportive, others are not. Furthermore, although there are other cryptocurrencies with the same purpose, and which technologically might even be better (for transfer), the fact is that there is still no definitive solution for this. For example, some exchanges support Stellar Lumens (XLM) and some do not. As LiteCoin is widely adopted by most exchanges, if the individual simply wants to make a transfer without paying a high fee, Litecoin ends up breaking that branch. And in Glassnode's on-chain data, I see bullish data. So I don't see a problem with holding Litecoin. LTC/USD On the weekly chart we can see an upward expanding wedge. If the bullish cycle continues and the price breaks the last resistance of $400, the price will explode upwards with a possible high of ~500%. LTC/BTC On the graph against Bitcoin, we have a descending triangle. If the price breaks up, the next resistance is at 50% of the Fibonacci retracement, with an approximate 50% gain potential in BTC. Glassnode Analysis 1. Total USD Volume The total amount of coins transferred on-chain. Only successful transfers are counted. -> It reached the historical maximum in September/2021. He is about to retest that. 2. Number of New Addresses The number of unique addresses that appeared for the first time in a transaction of the native coin in the network. -> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs. 3. Number of Active Addresses The number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted. -> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs. 4. Price Drawdown from ATH The percent drawdown of the asset's price from the previous all-time high. -> When the value reaches the top, the whales are making considerable profit since the last support. At that time comes the dump of achievements, and it's best to get out. We haven't reached the top yet, so there's room for more climb. Summary Fundamentally speaking, Litecoin may not be the best payment method currency. Bitcoin will sooner or later have solved the transaction cost issue. However, while this does not happen, it still serves as a means of escaping high rates, because like it or not, it is widely adopted in several wallets and exchanges. In addition, some ETFs and institutional players have a portion allocated in Litecoin. and sometimes altcoins go up more than Bitcoin. Good winds!
Long
by andre_007
2