LTC Cheat Sheet for 2022.Let's see how true this plays out going into 2023. I prefer to trade long term and create guides like this for myself to keep me on track. Hope it becomes useful for others as well.
Not Financial Advice.
LTCBTC trade ideas
$LTCBTC Fractal ConfigLooks like an earliest stage of a breakout preceded by similar patterns formations on the bottom.
Comparing those patterns is justified because as we zoom into first pattern it pretty much coincides with behavior of the second.
Horizontal Fibs aren't used as a retracement, but shows how critical high points of fractal indexed 0 and 1 gives out golden ratios that decodes support and resistance levels below.
Vertical TimeFibs are synchronized to the values of Horizontal Fibs.
SO 10 YEARS OF THIS SPRING ANY THOUGHTS?The other line is of log limits, its kind of doge spring. No financial advice here but I will ride this idea a couple of years maybe some 10% of my portfolio or such.
Litecoin Macro
Circulating Supply: 71,089,056.28 LTC
Total Supply: 84,000,000
Website: litecoin.org
CoinMarketCap: coinmarketcap.com
Founder: twitter.com
Social Link #1: twitter.com
Social Link #2: twitter.com
Random Facts:
Litecoin is a fork of Bitcoin. With '4x' times more supply.
Litecoin has a feature that allows share mining with Doge.
Dash is a fork of Litecoin.
Halving dates for Litecoin:
Aug. 25, 2015: 50 to 25.
Aug. 5, 2019: 25 to 12.5.
Aug. 23 (guesstimate), 2023: 12.5 to 6.25.
Notes:
Litecoin paired against Bitcoin is in a trading range, and is attempting to reclaim the range currently.
The deviations were the same duration, and volume signatures. The time of the H&S distributive pattern was the same duration as the start of the BDW accumulation pattern, before the deviation begun.
This is DOGE 2.0.
Litecoin LTC - A new bull market started! | Elliott Wave
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished!
This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings.
Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside.
Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout!
The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern.
The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see!
The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week).
For more analysis, please hit "Like" and "Follow"!
#LITECOIN breaking out versus #BITCOINSignificant price action!
and a wonderful technical setup for this old warhorse of #crypto
Remember Litecoin's halving comes before #BTC's!
LTC-BTC time for some action? at long, long last?So broke another of it's triangles. Could be now forming a bullish pennant (so far usually ltc fails lol)
But this looks decent to me. I would personally buy the retest. But that's me - not financial or investment advise.
LTC recovering its market share.!The breakout has been confirmed in short term, so the first target is 0.0029BTC and after that the LTC will be looking for 0.0049BTC as medium BINANCE:LTCBTC term target.
LTCBTC Waking upBefore a new market crash, LTC will show that it is a major player.! BITFINEX:LTCBTC
Litecoin LTC - New bull market! The downtrend from 2018 is over.
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011.
On the weekly timeframe, we have a falling wedge and the price is currently breaking out!
As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement.
The profit target is at the strong horizontal resistance + wave (4). I think we should really go here and then maybe we can go even higher.
This is the LTCBTC chart and my profit target is +176% vs BTC. Of course, in terms of USD, it will be much higher!
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Litecoin vs Bitcoin Looks Primed For UpsideThere is no doubt here, LTCBTC is ready to for one of it's know historic runs.
It's currently testing the monthly level which is historicly strong sušpport and a reversal point for LTC.
We had years of downtrend and once LTC breaks out it will recover in a matter of weeks.
My main target is 0.01780000
Take profits and enjoy the ride.
LTC strong, LTCUSD go to the moon.LTC goes to 100usd, What do you think.?
The transactions on Litecoin network are faster and sheaper than BTC network.
LtcbtcHi . After the main resistance broke upward, the second short-term resistance also broke upward and we should be ready for a bull run in the trend.good luck.ltc has big potentially to grow.
Litecoin opportunity LTC/BTC Some interesting opportunities have emerged. Litecoin is one of those.
It's possible that the 5 year bear market in Litecoin has ended.
Buy the break-out with a stop-loss down 50%.
Target 3-to-1 or 4-to-1.
LTCBTC 4H Long IdeaBullish market structure
BTCUSD is pumping, LTC hasn't made the same level of move.
Local double bottom formed, where marked by lower green line. EMAs 26/50/100 acting as support.
Long to local resistance, indicated by higher green line. Fixed range volume profile shows there is little volume above entry which would otherwise act as resistance on the move up to the take profit level.
Stop loss just under support.
LTC LONG-TERMLTC supposed to be big in the next bullrun
as you see LTC reached the down trend target
alt for alt swaptime has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this could be an interesting ride. finally if btc ever decides to implement mweb, this could be a great reason for governments and financial institutions to tighten checks where fiat to crypto or vice versa exchange is involved, since bitcoin would allow more private transactions. past year, many european countries have received eu directives to forbid legal entities to trade with privacy coins such as monero, zcash and other. if btc gains this privacy solution some time in following years, governments could make legal entities to require documents upon any crypto exchange. at this time we could expect higher p2p trading and new p2p exchanges to allow people advertise and exchange without any 3rd parties. unless cbdc decides to destroy bitcoin core and reinvent the wheel. stay safe, hard times could be coming.
Litecoin LTCBTC - Falling wedge + New bull market! +Elliott Wave- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge!
- Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see.
- Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even higher.
- LTCUSD pair looks strong compared to bitcoin last week, so we can really experience a huge uptrend.
- We have a huge volume spike as you can see on the indicator!
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
LTCBTCThis is TA and it doesn't care about your feelings or fundamentals. Just wait until the FOMO hits.
Not financial advice. Trade is long term.
LTC On Track to Outperforming The Rest of The Crypto MarketAs i would have hoped LTC has recently begun to outperform other coins as a few months ago it showed an edge against Bitcoin Cash and has since significantly risen in value against BCH; Along with that we've also seen LTC make big gains against Ethereum and now we're finally seeing it move against BTC even during this bear market. if all goes smoothly we will see LTC front run the market and gain significant marketcap dominance.
Link to the LTCBCH chart are in the related Ideas tab below.
Mimblewimble & Litecoin's Textbook T.A. launch TriggerMimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away.
We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be entering this trade. I believe this swing trade is reaching the ideal entry zone, due to an almost identical bottoming pattern that we have witnessed.
We have seen a very similar pattern highlighted by the Orange and Green circles.
>>> The Orange Circle highlights the break out of the multi-year declining resistance line. This is followed by an around 30% decline in the ratio, in a short period of time.
>>> The Green Circle highlights the bottom area, from where the LTCBTC ratio finds support on the declining resistance line. This was followed by a large move to the upside in the 2017 example. This is a textbook trading signal of a reversal.
I believe their is a 5-7x potential return on this trade. Ratios can even fluctuate in sideways markets, this makes this ratio trade particularly attractive in this volatile environment. Potential to profit on the LTCBTC ratio 5-7x, plus the predicted rally in Bitcoin over the next year (30->150k?).
