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Litecoin (LTC) This Will Be A Big Chain Reaction Of Bull RunHey friends, hope you are well and welcome to the new update Litecoin. Support and resistance levels: After getting rejected by $170 resistance now the price action is breaking down the $140 support. The next support is at $110. Up-trend line support: The priceline of LTC has found good up trendline support on the 2-day chart and testing this support at the moment. At the same support level, there are also exponential moving averages 10 and 21 supports. Down channel: On the weekly chart, the LTC with BTC pair has formed a down channel and the priceline is at the support of this channel at the moment. There are 25 and 50 simple moving averages resistance levels above the priceline. Shark Move: The priceline has completed a Shark move on the weekly chart and entered in the potential reversal zone. A bullish Butterfly move: If we zoon out the same weekly time period chart, then the price action has completed another bullish harmonic bullish Butterfly move. The final leg is retraced up to 1.269 Fibonacci level whereas we need a retracement up to 1.27 so there is a difference of 0.001 Fib level. Therefore it is possible that the price line may drop a little down and then start a powerful rally to the upside. Big BAT move: On the very long-term 2-month chart the price action has completed a big BAT pattern and entered in potential reversal zone: Conclusion: The price action has formed a small shark then a big butterfly and then the biggest BAT harmonic moves. Therefore there can be a big chain reaction started that will lead the price line to set a new high.
Long
by moon333
3
LTC vs USD & BTC 🚀Hello dear friends, just quick update on LTC/USD vs LTC/BTC😊 For me still looks promising Try to catch the price at the bottom of triangle on the LTC/USD chart and the bottom of falling wedge at LTC/BTC chart by splitting buy orders. If You don't know how to do that, I leave Edu post here 👇 Looks very simple, but it works for Us😉 If You have any questions, I'm waiting for You in the comments 💋 Stay with me forever💋 Thank you for staying with me🧡 Sincerely Yours Rocket Bomb🚀💣
Long
by RocketBomb
24
$LTC Litecoin building bullish momentum ( @LitecoinProject )Hello there ladies and gentlemen, BulloTaurus here with an important update for today. I have been watching Litecoin for a long time to time a perfect entry with a big % of my portfolio. At the moment Litecoin is very undervalued project by crypto community but highly appreciated by big companies like Grayscale. During last 30 days the added more than 111585 LTC in their Investments Holdings that is at a 2238.35% Premium rate right now! A gigantic triangle is broken and at the moment Litecoin sits at the accumulation zone. Another reason why i think we might see a bigger explosive movement is MACD . RSI, EMA and STOCH is also bullish. Huge gains are possible, just over 300%+ Risk: 3 Reward: 9 Peace. 🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌 P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Long
by BulloTaurus
LITECOIN about to moon. See what happen at these levels in 2017!the Montlhy LTC/BTC prices are extremely close to where it bottomed back in 2017. The montlhy MACD is about to cross over bullish for the first time since 2019. The monthly RSI bands are extremely tight which is usually an indicator of a very large move. The monthly volume has been increasing for months. The monthly OTHERS dominance altcoin chart is also sitting on a major trendline of support created years ago. The price will be sitting at the bottom of the monthly Bollinger Bands at the start of February. It seems all the stars are aligning perfectly for a new Litecoin bull run.
Long
by RobLaursen
Litecoin to catch-up with Bitcoin's riseLitecoin vs Bitcoin has followed a pitchfork pattern nicely. Just as Bitcoin Litecoin has not been premined. From day one anyone could download the software from Github, install it and mine Litecoin. Whereas Ethereum was premined to the tune of 70 mln ETH by Vitalik and his cofounders. The incoming SEC chair Gary Gensler stated repeatedly that Ethereum was premined. If the SEC goes after Ripple for premining XRP they must go after Ethereum as well. Furthermore CME starts trading ETH futures on Feb 8th 2021. Market makers on CME have built-up their positions on ETH and are ready to sell. Remember what happend when the CME started trading Bitcoin back in Dec 2017 ? Bitcoin crashed. I expect the SEC to go after Ethereum and if not, Ripple will use this comparison in its defense leaving the SEC no choice. The law must equally apply to all. Hence I expect people to rotate into legal crypto coins of which Bitcoin and Litecoin are the purest and cleanest. Also Litecoin has some of the widest community spread and community mining. Is listed on most exchanges worldwide and constantly has a top 5 to top 3 volume & liquidity. Grayscale just filed to list a few more coins potentially wrapped into a trust. One of the coins was privacy coin Monero. Litecoin has built-in MimbleWimble which can be activated at any time offering optional privacy and fungability which even Bitcoin lacks > Caitling Long who stamped out Wyoming's new crypto laws has recently explained in an interview the importance of fungability to protect from rogue liens.
Long
by bmw_b
LTC/BTC - .013-.015 range expectedIf BTC goes to $100,000 then it would be about 3x gain from here. BTC just went from $3000 to $30000 a 10x gain. LTC went from $22 to $130 a 6x gain. If BTC and LTC price continues to follow a 10:6 ratio then LTC would gain 2x from here in the same time period. However we can see that the LTC/BTC ratio historically follows the LTC/USD price almost perfectly. This is the largest divergence in 10years and an obvious opportunity. If LTC gets to .013 while BTC gets to 100k LTC would gain 3x and since the LTC/BTC ratio is at a historical low, then this is the most probable outcome.
Long
by BertGroffman