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LTCBTC trade ideas

All you need to know about LTC/BTCLitecoin bounce from strong support and continue grow from this level. important levels for LTC is a strong old support (dashed magenta line) and old major resistance (dashed orange line). This levels is first long term target. In case of breakout and successful retest this levels Litecoin have a chance to hit new ATH. Key benefits: Weekly and Monthly MACD cross Buy between 0,0042-0,0048 Short-term targets: 0,0055 0,0059 0,0067 Long-term targets: 0,0088 0,01 0,015
Long
by driftgene
Why I’m BULLISH on LItecoin, and why you should be too!* Looking at the LTC/BTC chart, and its hard to be anything but BULLISH on LTC these daysithard not to be BULLISH on $LTC right now. Note the size and perfection of the triangle it formed over months and months, until it finally bottomed within the last 2 weeks. It’s worth noting that despite the perfect triangle I saw forming, I was still very skeptical that the LTC could suddenly begin outperforming BTC after BTC has utterly dominated it for so long, to the point that many have completely given up on LTC. Well, after watching LTC suddenly begin outperforming BTC for a few weeks, it’s certainly seems like a good time to get on board the LTC train! As someone who is extremely BULlISH on BTC, I cannot imagine how this could actually play out, but we will just have to wait and see! Let me know your thoughts! *not financial advice Beautiful and *not financial advice
Long
by SkinnyMike3
1
LTC IMPORTANT UPDATE 👉 First At All Let Me Explain The Structure Of Elliot Theory : Each Elliot Cycle Including 5 Waves ( Waves 1 ,3 ,5 Are Impulsive And 2 ,4 Corrective) 📍 The LITECOIN Price Completed First Wave At 5400 ,Now The Price Trying To Complete Second Wave (Corrective Wave) 📥 At The Moment We Have a Beautiful ABC Correction Which Made a Strong PRZ Zone At 4300 📌 We Expect The Price Bounce From This Level ,If The LITECOIN Price Breakout From The 4950 (Wave B Pivot) Third Strong Impulsive Wave Will Confirm 🔥 You Can Add More At This Area ,Don’t Forget Usually Wave 3 Is a Strongest Impulsive Wave ,So We Will Have a Big Gain By This Wave
Long
by Bullish_Traders
2
The LTCBTC Chikun Egg just be hatchingI see this and I am obviously biased, but it's really hard to see a bearish scenario here. When I say "hatching" I mean Litecoin/BTC has broken through some serious resistance above the 50W EMA. If we see another weekly close above here that would be mega bullish. First, lets looks at resistances. Drawn in purple dotted lines are the first short term resistance I see LTC encountering. Prior resistance was briefly broken on last weeks high wick compared to the high during the week of December 21, 2020, thus creating a very small higher high. Up next is breaking through and closing above .005 which is the most immediate resistance point we have to face (no line drawn). It's worth noting that in the short term while the 21W EMA (blue) recovers we may at some point retest it. Right now we're battling with the 50W though. If history is any indicator, the last time LTCBTC touched .003 in Feb 2017, the 21W EMA violently went up against and above the 50W, we could see similar price/ratio action here in the coming weeks. It may not last long though, again if history is any indicator. LTCBTC seems to unfortunately spend most of its time under the 50W EMA, it has been major resistance since June 2019. The fact that we are breaking through it is MEGA bullish to me. Screw the recent selloff we saw in the last few days lol. Some more upcoming resistance that is noteworthy is around .008 which is confluent resistance with Feb 2020 highs and also the 200W EMA. That will make it harder to break through, but in my eyes, it's just a matter of time before we have the pleasure of testing it soon. The 200W EMA will be a monster to break through but if we clear it OH MAN am I getting a girlfriend. I don't have a lot to say about support levels since we haven't created much in the way of support yet. The first support would be created at the 50W EMA but so far that would be weak, the stronger support would be around the 21W EMA. I'm not sure how good of TA this is, but the MAC'D seems to be in a long term equilibrium, and as we see it begin to narrow down and break out, this may take off like it has in the past. Lastly, one of my favorite things to see here is the RSI. Not much explanation is needed, just look at that 'beaut. That Brontosaurus head peeking through the tops of the tree-line is quite majestic if I do say so myself. All of these factors converging leave me no choice but to be bullish. Leave your thoughts below This is not financial advice to buy/sell/hold Litecoin or Bitcoin. This is meant for your entertainment only, viewer discretion is advised.
Long
by jbutler7
4