LTC LongLTC has recently broken a significant weekly level,
formed a HH and is now retracing.
Weekly level lines up beautifully with 4H demand zone. 50 fib or 38 depending on where you start the recent push.
Feel a bit funny about it, not sure if it's how far from the trend it is,
due for a retracement, morning star on the dailys, mucking around
with fibs to see what I want to see possibly.
Just gonna take it for 0.5R, R:R is fat. Can afford to be wrong a few times on these.
LTCBTC trade ideas
LTC LongLTC in a solid uptrend.
Daily just formed a HH now retracing
4H two demand zones line up with fibs of both weekly and 4H push,
as well as with the trendline coming up to meet them.
Expect to see strong buying pressure through here and a possible bounce and run to
the next weekly zone.
Already had a similar idea here
But just updating based on new structure and zones.
Fossil coin is reviving โ ๏ธLitecoin (one of my least favorite coin) is extremely bullish ๐
๐ Just take a look at the weekly Komu and you will see why
๐ Correction is over and it has made a higher high.
๐ BTC Dominance is decreasing dramatically, OTHERS.D is also bearish at the moment, plus ETH dominance
โ๐ผ LINK, LTC and other old coins like XMR and ZEC are looking bullish
THIS IS NOT A FINANCIAL ADVICE... ๐
Litecoin (LTCBTC) uptrend keeps going onLTC/BTC
Price: 0.00635
Target: 0.020-0.022
Stop-Loss: 0.005735
As it can be seen on the charts every time the price hits the green support zone it begins a strong uptrend on the weekly timeframe. This week LTC goes beyond the Ichimoku cloud, hence it can touch our target.
LITECOIN / BITCOIN : RETEST PREVIOUS RESISTANCE AND PUMP ? ? Welcome back Traders, Investors, and Community!
If you LIKE this analysis, Please support our page by hitting the LIKE ๐ button
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#LTCBTC ๐ +40% in one month LONG [TrendIsYourFriend]Dear LTC Friends , market correction is time to BUY deep or stick to your position!
Trend Is Your Friend , Don`t worry about side wind!
Today -20% dropdown in marcetcap is normal in crypto, this is a signal that got up strongly in the next month, don`t worry too much , keep on the bright side and ride the trend line.
Wait to the midle of month to see prediction #LTCBTC 0.0006778 or simplly +40% on your BTC balance ๐
Regards !
BINANCE:LTCBTC
LTC/BTC POTENTIAL PARABOLIC OUTCOME (DOGE/BTC COMPARISON)The LTC/BTC ratio has the potential to move in a similar crazy parabolic fashion as has been seen for DOGE/BTC.
Its non-serious nature and reputation as a meme within the crypto community together with a social network effect from the likes of popular figures in the tech sector have made Dogecoin a popular choice among new traders using brokers such as Robinhood.
Fundamentally, Dogecoin and Litecoin make use of the same Scrypt POW mining algorithm. Litecoin and Dogecoin can be merge mined and nearly 90% of Dogecoinโs total hash rate comes from large Litecoin mining pools, with its blockchain processing around 30,000 transactions per day.
If LTC/BTC follows the same path as DOGE/BTC then the ratio could reach extremely high numbers within the range of 0.05 - 0.2 LTC/BTC. This of course does not mean that this will happen but it is interesting to see the striking resemblance between the two ratio chart patterns.
Fundamentals:
Dogecoin and Litecoin are merge mined
Both use the Scrypt POW mining algorithm
LTC is traded on Robinhood the broker popular in the US with beginners and other Reddit netizens and BTC still has room to grow in the current macrocycle and the entire crypto market cap has room to grow during the altcoin bull run as new money flows into the market.
Technicals:
LTC has a similar chart pattern compared to DOGE and therefore has a chance to play out the DOGE fractal pattern
Monthly MACD histogram is about to flip green
Bullish Divergence on weekly MACD
Stochastic RSI on the monthly is oversold
Bollinger Bands on the monthly are about to expand indicating an increase in price volatility
Monthly EMAs on the weekly are poised to cross (20 weekly EMA about to cross 50 EMA)
Monthly PSAR has flipped bullish
TL;DR
Litecoin go up, much wow!