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LTCBTC trade ideas

Litecoin 'As above so below' ...the end of a 7 year correctionThis is an update to my last big picture Litecoin chart "For those who can see the Lite shall witness the phoenix ARIZE" (linked in related ideas) which illustrates the potential upside that lies ahead. It is said that elliot wave analysis (when done properly) has the ability to forecast major bottoms (or tops) precisely to the tick. As I have improved my skills over the years, I have personally experienced this. This may be one of those occasions. But enough about me, lets talk about the chart. The above is a 3d chart--lets take a look at things further by zooming in and zooming out. First, the 1d chart can show us the lower time frame conclusion of what, quite astonishingly and beautifully, is a lower degree terminal (waves 2 and 4 overlap) within an extended 5th wave terminal within an extended 5th wave terminal!!! Such is the fractal nature of markets, and at it's core the basis of why elliot wave (and really all forms of TA) work. Also, a nice bull div on rsi: Next, zooming out, we have the big picture on the 1 week chart. Here you can see we have concluded a 7+ year correction...meditate on that. Also, note the massive bull div on RSI (other bull divs as well not shown): Welp, I got my popcorn ready. Wouldn't surprise me if she starts out nice and slow then things get real wild as we eventually start breaking all the previous major highs on the ratio, regardless I'd say the bottom is in. gluck
Long
by ltc-joe
26
LTC once again bounced off of trend against BTCLTCBTC once again bounced off a trend line against BTC after riding a breakout downward. This is roughly the fourth time this bounce occurred in the past month and a half. The first two instances triggered good trends for BTC and the last instance signaled the end of the latest retracement. Here is hoping it is a good sign for both BTC and LTC once again. There is still a possibility for it to fizzle out (like it did somewhat in late February, particularly if BTC takes a dip), but it is also a possibility that it could be leading the trend once again for BTC once again, so I figure it is something to keep an eye on in the case that it continues to rise.
Long
by crypto_trends
LTCBTC low risk areaLTC could outperform Bitcoin this year if history repeats itself and we are currently at an area where it's easy to manage risk. I've been looking at this chart for quite a while now and finally decided to pull the trigger today. It honestly looked even better mid-Februay when we had more help on oscillators but argument for bullish divergence and falling wedge is still there and it's hard to pass on something with so obvious seasonality painted all over the chart, especially when it's near all time lows. Most importantly though I think fundamentals on LTC are getting stronger and with news lined up starting later this month it just might get the push it needs to break out.
Long
by Ravich000
ltc Falling WedgeLTC has been forming a falling wedge pattern since June 2019 against BTC pair on the weekly chart If it breaks the wedge bullishly we can see ltc targetting its All time high AGAINST BTC. WE Also have the MIMBLE WIMBLE news on the fundamental side so a BULLISH BREAKOUT looks imminent to me. PLEASE CORRECT ME IF I AM WRONG I AM A NEWBIE IN TECHNICAL ANALYSIS IF YOU THNIK MY IDEAD IS WRONG IN SOME WAY PLEASE DO CORRECT ME I WANT TO LEARN MORE PS: I AM NOT ADVISING YOU TO AKE THIS TRADE NOT A FINANCIAL ADVISOR
by l360_again
3
Breakout looks to be starting for LTCBTCThings look to be breaking out for LTCBTC from the point from before the retracement. Here is hoping it keeps that way (large dependencies on BTC's path obviously), but with a nice green weekly and daily candle about to finish here shortly, there seems to be a good chance for a jump start for alts like LTC in my opinion. Although I also think it is easily possible to retrace back if BTC doesn't follow through, and still some resistance right now (around the 23.6% Fibonacci) and around 52.7K (the high before the ATH), so we shall see if it continues to hold at this interesting crossroads.
Long
by crypto_trends
3
Interesting fractals of Litecoin 🔎Hello, dear traders and bottom catchers 🤫 One more LTC chart of mine 😆 And YES, Litecoin still not moving jet 🤣🤣🤣 But I continue holding it making up [date for You😘 This time You can see all history of price movement of Litecoin in USD and in BTC. And try to notice some fractals before pumping )))) Don't forget to put like and write me comment, that way I'll feel Your supporting and you like my ideas! And stay tuned by Rocket Bomb 🚀💣 My previous LTC update 👇
Long
by RocketBomb
25