$LTC BTC | LONG Series of HH's & HL'sCOINBASE:LTCBTC
Uptrend has begun and seems poised to out perform Bitcoin at least temporarily relatively soon. Would use VPVR for indications of levels to watch for immediate resistance which if broken will likely see quite a nice break out. Nice confluence in that range too looking at the 50 & 200 MA which see like they could flip soon. Looking at the smaller time frames there seems potential for bull divergences to form too. Lastly looking at the most recent price action there is strong buying pressure with lots of trend reversal hammers.
LTCBTC trade ideas
[LTCBTC] Parallel Ascending Channel [RSI+MACD+Vol Confirmations]I am a noob - I don't know what I'm doing so do your own research.
Looks like LTCBTC is starting a bullish upwards trend. Ascending parallel channel on the 1D chart - RSI MACD and Volume confirming.
Been learning Elliot Waves - still really quite a beginner. But from what I can see - we are at the end of a downwards impulse cycle - in the corrective wave pattern right now and looking to be going up before the next cycle.
Please comment if I'm wrong - I'm trying to learn and just wanted to share.
A bullish case for Litecoin - LTC/BTCHey all,
Hope everyone is staying safe.
First thing to note is that this is still a little early to enter.
Pros:
RSI - Breaking out and gaining momentum
PA - Appears to be forming a Inverse head and shoulders
EMA's - Appears to be holding and 55 will cross ema's
Cons:
PA - Hasn't made a higher low / higher high yet
Thoughts:
Ema's are getting closer to price while RSI is gaining momentum on this downtrend. Everything is falling into place, however I would remain patient for confirmation.
I think a breakout is coming real soon for LTC/BTC in my humble opinion. After the breakout, I would most likely buy EMA's as they are a good place to buy on an uptrend on high time frames.
This is solely for documentation purposes, and not financial advice.
Stay safe, much love
LTC Litecoin/Bitcoin hybrid Bonfire Smoke indicator and fansSee original below. Many of my bonfire indicators use the same methods and share some math. I used this Smoke indicator to align past markers with current 4hr price action. This provides points to cast to and from but also allow for current to future plots that match up with history, the local price, and hidden patterns ahead. I'm currently long on LTC (along with some other truly decentralized, mined coins) .
💡Don't miss the great buy opportunity in LTCBTC
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.004400
TP2= @ 0.004560
TP3= @ 0.004820
TP4= @ 0.005060
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 (0.004100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.004400
TP2= @ 0.004560
TP3= @ 0.004820
TP4= @ 0.005060
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 ❤️
Bullish Potential for LTCBTCHere's a potential opportunity to stack some BTC regardless of where the price is USD-wise. This chart shows a bullish XABCD pattern on the 1 hour for LTCBTC - this means LTC is cheap relative to bitcoin at the moment. The way to play this trade is to exchange your BTC for LTC here - close your trade by exchanging the LTC back to Bitcoin. Happy trading!