LTCBTC can start the chain reaction of harmonic bullish movesSupport and resistance levels:
In LTC with USD pair, on the long-term weekly time frame chart, the pricline of Litecoin has been rejected by $170 resistance and now moving between $140 support to $170 resistance levels.
Up channel:
On the daily time frame chart, the price action of LTC has been bounced from the support of an up-channel and now moving towards resistance of this channel.
Down channel:
Now if we switch to the LTC with BTC pair chart, then on weekly time frame, the price action has formed a down channel and reached at the support. Here the bollinger bands is getting squeezed that is indicating that soon the price action of LTC can break down the support or move to the upside for the breakout.
Bullish Shark:
While the price action is at the support of down channel, on the weekly chart it has also formed a complete bullish Shark pattern and entered in potential reversal zone.
Bullish Butterfly:
On the same weekly chart, with Bitcoin pair, the price action of Litecoin is completing final leg of bullish Butterfly it has retraced upto 1.269 Fibonacci and when it will be moved little bit more down and retrace at least 1.27 Fibonacci level then the pattern will be completed. This Butterfly is bigger than the previous Shark move.
Bullish BAT:
On the bigger time frame 2 month time period chart, the price action of LTC with Bitcoin pair has completed bullish BAT pattern and entered in potential reversal zone.
Conclusion:
The price action has strong support of a down channel and completed different harmonic moves in different time frames in Bitcoin market. These harmonic moves can start the bullish divergence like a chain reaction. The smaller harmonic bullish move can trigger the bigger one and this bullish harmonic chain reaction can lead the priceline of LTC to hit at least the previous highest price in the Bitcoin market that was 0.052 as per Bitfinex exchange in 2013. And if at that time the price of Bitcoin would be at $40000 then the price of LTC can be expected at $2000.
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LTCBTC trade ideas
💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.004440
TP2= @ 0.004590
TP3= @ 0.004820
TP4= @ 0.005120
TP5= @ 0.005610
SL= Break below S2
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💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.004440
TP2= @ 0.004590
TP3= @ 0.004820
TP4= @ 0.005120
TP5= @ 0.005610
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$LTC/BTC 2h (Binance Spot) Falling wedge breakoutLitecoin is looking bullish again since it broke-out upwards, let's try to catch the pull-back.
Current Price= 0.004010
Buy Entry= 0.003942 - 0.003836
Take Profit= 0.004198 | 0.004573 | 0.004860
Stop Loss= 0.003580
Risk/Reward= 1:1 | 1:2.21 | 1:3.14
Expected Profit= +7.95% | +17.59% | +24.97%
Possible Loss= -7.95%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
LTCBTC forme big BAT | Upto 593% profit expectedHi friends hope you are well and welcome to the new update on Litecoin.
On the long-term 2 month time period chart, the price action of the LTC has completed the final leg of bullish BAT and entered in potential reversal zone.
Possible profit and loss ratio:
This trade has a profit possibility of 593% and the loss possibility is only 46%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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LTCBTC bounced off this long broken downtrend.We can see that the pair bounced off this long broken downtrend.
We know that this pair is evolving in a very frustrating way : continual declines which evolve over several years, leading to an accumulation of Strong Hands and a sudden rise to 0.015-0.020 in a few weeks, of course fueled by a massive FOMO. (this is also why Litecoin is very interesting in terms of trading).
We also note that the recent fall of January 10 broke the ascending channel that it had been drawing for 2 months, without going back below my downtrend line. I have something interesting there.
Do not hesitate to comment and to leave me your impression.
This is obviously only an observation of a very amateur trader, but who has a lot of LTC, and can not be used as financial advice ...
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On peut constater que la paire à rebondi sur cette longue tendance baissière brisée.
On sait que cette paire évolue de manière très frustrante : des baisses continuelles qui évoluent sur plusieurs années, amenant à une accumulation des Strong Hands et brutalement une remontée vers les 0.015-0.020 en quelques semaines alimentée bien entendu par un FOMO massif. (c'est aussi pour cela que Litecoin est très interressant sur le plan du trading).
On note aussi que la récente baisse du 10 janvier a cassé le canal ascendant quelle dessinait depuis 2 mois, sans pour autant repartir sous ma ligne de tendance baissière. J'y la quelque chose d'intéressant.
N'hésitez pas à commenter et à me laisser votre impression.
Ceci n'est évidement qu'une constatation d'un trader très amateur, mais qui possède beaucoup de LTC, et ne saurait servir de conseil financier...
LTCBTC bottom between 0.003 and 0.002 in MarchThis is a longterm study using a Gann fann that intersects the price one month prior to the bottom before each major rally.
It is estimated that price will bottom between 0.003 and 0.002 one month after the Gann fan intersects the descending channel.
Price has been contained in a descending channel since July 2019, and support of the channel after the Gann fan line intersects it ranges from 0.003 to 0.002
There should be a 6x rally afterwards to 0.0135. If there is no rally then LTC will continue it's downward decent to zero.
Many people have been fooled into thinking that this December rally is the start of the moon shot. But in fact it hardly a blip compared to real moon shots.
This is an update of an old idea titled "when pump?".
Respect the dump and pray for the pump.
Litecoin vs Bitcoin (LTCBTC), Ready Yet?Looks like Litecoin (LTCBTC) is getting ready to grow.
Cardano (ADABTC) is growing today and so is Binance Coin (BNBUSD)... These are some of the big altcoins...
Litecoin printed a Doji yesterday and so far we have a higher low compared to 12-Nov.
It is still early here but we also have bullish divergence on the MACD and RSI if we go back to September, telling me this higher low might be it...
Be prepared...
Thanks a lot for your support.
Namaste.
LTC is going to mini-moonThis is a psychological application/analysis supported by multiple charts. Both the LTC/USD daily charts to ID impulse buys AND the LTC/BTC value using the same period.....
Looking beyond the standard 4-year halving cycle, i believe there are 'mini-moons' in the (no disrespect to litecoin) 'imitator' coins. Here's the logic: What happens when the beginning of retail FOMO begins? Well, speaking from personal experience when i first began really investigating crypto (august 2020), the AVERAGE NEW USER does the following:
1. Open up a trading account (coinbase, binance, kraken, etc.).
2. Second guess themselves about buying a 'coin' trading at $35,000 USD (even a .10 amount) given that its already started its parabolic rise.
3. Maybe they do buy .1 bitcoin. But whether they have $10k or 100K, they are uneasy about buying into something that has already 3.5x'd over the past 3.5 months.......
4. But they already deposited (say) 20% of their life savings into their new account. WHAT DO THEY DO to get their feet wet????
5. They buy 50 LTC to test the water...
The above chart represents this 'mini-moon' theory well. Ultimately you get thousands of weekend warriors early pumping anything that has the word 'coin' behind it because its 50x cheaper than the coin they originally opened an account to buy, but hesitate to pull the trigger. In a month from now, once LTC runs to @ $600, the smart money will know its time to cash out and sell to the weekend warriors thinking they struck it rich 4x'ing litecoin.
Its an admitedly dog eat dog analysis, but i believe there is a mini-moon in LTC. I predict $200 LTC by 1/10/2021 and $550 by 2/28/2021. This should give smart money a nice little return and buy a little time for the sideline money while we (hope) for a good entry for the rest of our money in BTC & ETH...
I'm not a financial advisor and do not listen to me or constitute any of the above as sound advice.