Get started

Litecoin / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

LTCBTC trade ideas

LTC/BTC has me cautiously optimistic I'm observing LTC here as it has decisions to make. Either down, up or sideways. Speaking with fellow traders whom's opinions I respect and have more experience than I have. I've been warned that LTC seems to like to fake out. Thus I'm neutral on this and it definitely isn't a call . I'm not going to let the bullish signs of reversal I see put me in a long bias just yet. Rather I'll be using this as a learning experience and be following it's steps (hopefully gradually stepping up) . As the adage goes "Markets like to take the steps up and the window down". FA observations: 1. It's been in price discovery for a while looking for it's bottom ;) 2. It's bounced off the support line and may be forming a V bottom reversal and could possibly look to put in a HL from here 3. I'm seeing bulls stepping in and buying these lows I'm publishing this idea so that I may keep it in the back of my mind and maybe in yours? I do think when LTC starts moving it's going to be one for the books. And with that I would like to wish everyone a happy Easter and do spend this time with loved ones (especially parents, while you still can) # Obligatory Disclaimer My ethos at the onset is best described by the following acronym K.I.S.S (Keep it simple stupid) I use this mantra to ground myself, because nobody "outsmarts" the markets, even the legends only had a big brain understanding of them, you will always be the student. Make peace with that fact. Also I'll be sticking with simple charts that show my analysis of assets and won't be cluttering with the indicators I'm using, I'm not an educator. There are many other education channels here on TV and great senpai's curating them. If most of what I said above doesn't make sense, my advice is don't put your hard earned money in ( And most importantly none of this is financial advice, don't come crying and moaning at me if/when you lost your lunch money! ) And with that ladies and gents , always K.I.S.S before you get F'd
by JohntradesWicks
2
LTC to BTC ratio is finding support just like 2017The LTC to BTC ratio is finding support in the 0.00332 area just like 2017. There was a strong bounce in the ratio at this level in early 2017 and the ratio went in favor of LTC most of the rest of 2017. LTC had a strong bounce today up almost 10% compared to BTC's 2% today. This may be the beginning of a huge move in LTC compared to BTC again just like 2017. I expect the ratio to go to at least 0.011 before hitting downsloping historic resistance.
Long
by shubbs
Litecoin looks ready to roll.LTCBTC Monthly Chart - The red lines represent the approximate halving dates. You can see that goin into the halving, (circled) there is a small rally that ends up collapsing further down post halving. Assuming the higher pivot bottom is in to form (C) compared to (A), we can spot a squeeze pattern forming with potential bullish catalysts in the near term future to fuel Litecoin's bullish rally. Not financial Advice, my own forecast and biased opinion. Bullish MACD cross forming to strengthen the setup. RSI oversold. Buy and hold Litecoin.
Long
by Stock_Holiday86
2
Is Litecoin Truly Silver to Bitcoin’s Gold ?Taking an ultra-long term view of litecoin’s price action with respect to BTC, I have marked the following price actions: 1. LTC/BTC high at bubble top (~ 0.05 in December 2013, ~ 0.025 in December 2017……50% lower) In both occasions, price was above the Tenkan, 1.9x above in December 2013 and 1.67 x above tenkan in December 2017. 2. LTC/BTC high during halving pump ( ~ 0.035 in July 2015, ~ 0.017 in April 2019……50% lower) On both occasions price broke above Kijun and quickly retraced. 3. LTC/BTC high during the “pre-megadump pump” ( ~ 0.01 in May 2016, ~ 0.008 in Feb 2020). On both occasions price peeked above the Tenkan and then retraced. Additional features: 1. Notice how the Kijun flattened before “decision time” in Feb-March 2017, price was significantly away from the Tenkan. Both are true now. 2. The shape of the cloud looks the same. 3. Lots of charts say LTC will break its all time low just before “decision time”. The only reason I don’t believe that would happen is because of the multi-month bull div on RSI as shown in the charts. This is the only feature that didn’t happen in 2016-2017. The bullish scenario is dependent on volume coming into LTC at the “Decision time” which is long overdue. Some may rotate into LTC because its one of the few alts that has not appreciated with respect to BTC. With DeFi losing steam due to ETH's ridiculously high gas fees, this may be possible. Last time this happened in March 2017 so we might see LTC shake off the bears again in the March – May timeframe. This is the time when I expect BTC to chill and reset (as shown in my BTCUSD idea). Keeping these factors in mind, this should be the next long term target: Price moves just above the top edge of the cloud which is at 0.011. ~0.012 should be LTC’s top at the BTC bubble top. Coincidentally 0.012 is 50% of the December 2017 level (honoring history). If history repeats itself, LTC will prove to be silver to Bitcoin’s gold. If it does not, LTC is just a case of failed narrative. I would like for history to repeat itself. Word of caution: LTC is next to impossible to trade during bull runs. There is only one way to gain profits……average in near the bottom and show those diamond hands.
Long
by brotoshee
7
Litecoin Magic SpotLitecoin's BTC pairing is similar (albeit less extreme) to that of Dogecoin and XRP in that their BTC pairing slow bleeds for years before giving a fast and large pump when reaching historical support levels. Litecoin is now nearing its multi year BTC low from March 2017. The real influx of first time retail investors into the crypto market has barely begun. This bodes well for Coinbase listed, low unit price and high name recognition cryptos like Litecoin. Litecoin is also more popular among institutional investors. Grayscale Trust has Litecoin as its third highest crypto holding behind only Bitcoin and Ethereum (1.44m LTC) despite Litecoin being ranked as the 8th largest crypto by marketcap. It took 4 weeks from when I published my Dogecoin/BTC chart 'til its massive pump . I cant tell you what day exactly this pump will commence - but when the time is right - Litecoin too will allow you to quickly multiply your BTC.
by gpiugpuubh
10