ltc/btc 1wunbelivable. 444 days before the halving. Historically best time to buy ltc has been 200-250 days before the halving but i think that its not bad idea to start buying it shortly especially thanks to bear market ;)
LTCBTC trade ideas
Historically LTC Surges, 100% of the time if this Pattern OccursSince the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
Pivotal Point for this 4 Year Reliable Litecoin Trading PatternI'd suggest checking out my previous post. In it you will see how the Inversion of the 50 Day SMA to the upside, has been a reliable predictor of a larger surge higher. This has occurred 11/11 times the 50 Day SMA has inverted higher, since the start of 2017.
We have witnessed a slight inversion but have not seen significant follow through, being the Ratio rapidly rising in Litecoin's favour. Without a rise over the next few days, we will see the 50 Day flatten out. Both breaking a reliable trading pattern. Also likely forecasting another month in this wedge.
I believe it is currently more probable to see a move to the upside. If we see a flattening of the 50 Day SMA or tilt lower. I believe that the the risk in this trade goes from Low (currently) to medium. A break down from the wedge, would be very bearish. We would be back into HODL territory.
LTCBTC Wedge is the Reversal Pattern needed for Explosive Move!>>> Litecoin has reached the lowest levels relative to Bitcoin in its History.
>>> Litecoin/Bitcoin has also broken out of a multi-year downtrend, almost identical to the previous cycle.
>>> LTCBTC Wedge is a very reliable pattern. LTCBTC is finding support in this wedge, suggesting a similar pivotal point is approaching.
>>> The Pivot Trade:: This is one of the best, if not the best swing trades present in the cryptocurrency. Focusing on the LTC/BTC Ratio is key for understanding this trade.
>>> Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with other factors suggest a high probability of an upwards move.
Hold the Line.
>>> Due to the the 500-700x returns possible if the same pattern repeats. This provides a great option to diversify your trades. Every other stock and crypto seems to be in the red. Falling against the US dollar in the short term. This is the reason why a Ratio Trade provides the best Reward to Risk profile in the Market.
Goodluck Chaps. Have a longer break down on my YouTube channel FortunaAlgoAnalytics. Will post a recorded one here soon.
Possible bullish weekPossible bullish week
In this moment there seems to have been the bottom, a possible scenario would be the retest of the upper triangle with a new bullish wave. For this bullish scenario the price must not fall below the support (dotted line), otherwise with a retest of the buy zone (red rectangle) the scenario would be invalidated in the short term.
No financial advice
Is LTC about to EXPLODE against BTC?!Litecoin, quite the sob story for the past year.
Despite many if not most tokens sitting well above ATHs from 2017 LTC is still well below.
But is it about to turn and rip?!
Against 2017 LTC:BTC price ratios, LTC *should* be around $1200 currently, but yet it sits around $200.
The fact the there are now more LTC wallets active than ETH wallets : www.fxstreet.com
It's one of the oldest blockchains in crypto: bitcoinist.com
And now major US banks (like US Bank) are now offering custody service for LTC: www.cnbc.com
Leads me to believe this token is prime to send it.
Looking at the LTC:BTC pairing this token has a clear falling wedge defined and is currently sitting in it's historical low range. Weekly RSI is building in lower-highs and holding linear uptrend, and we have a double-bearish oscillation on the MACD, which has rarely happened with this pair, suggesting possible oscillation to bullish. Not to mention a bullish engulfing candle on the weekly.
It's possible this token is dead and gone. A lost relic of crypto past. But it's also possible this token is a sleeping giant, ready to go huge.
If the market keeps climbing and LTC can break out of this falling wedge LTC to $2,000+ would not surprise me at all. BUT, we could break further south and this token could be a dud. As always risk management is key but also sometimes you fall into a great opportunity to start building long....
1M LTC/BTC going NEGATIVE by 2024? Mr. Lee,
Will LTC HODLERS:
1) Have to pay you back when the LTC/BTC ratio goes negative? How does that work in such a scenario?
2) Can they use your Lightning Network for their ECT when they fall into a deep depression upon reaching such a negative state?
Inquiring minds want to know...
Sincerely,
Ambassadorj
Litecoin continues to gather momentum to the upside.Following on from the LTC/BTC trade I posted a few days back. I believe we are seeing a building of momentum to the upside. Examining the daily candles, we are seeing continuous strong green candles. I believe that this is a great consolidation zone to accumulate litecoin cheap.
Although not financial advice the way I have undertaken this trade is using Binance cross 3x LTC/BTC. This is one of my strongest conviction swing trades at present. I believe the underlying risk to the downside is limited to a low risk level. With large upside if this trade is undertaken and pushed by larger market actors.
Litecoin also has a significantly lower market cap than most cryptos being pushed in the market.
Possible bullish scenario for next few monthsPossible bullish scenario for next few months if the breaking of the falling wedge is confirmed. Note the support of the MACD and the RSI, the possible resistance remains the SMA-EMA 200.
No financial advice.
LTC/BTC analysisLitecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin
Litecoin Rejection of 100 DAY SMA. Will the 50 Day be Support?Will the 50 day SMA be the support Litecoin needs for a reversal to the upside.
Double bottom, downtrend reversal, Long Litecoin/BTCLitecoin is at the lowest levels relative to Bitcoin in its History. The double bottom formation, is creating a great set up for the reversal. Long Litecoin.
Litecoin has also broken out of a multi-year downtrend. Found support, hold on Ladies and Gents.
The best buying position and take profit place;Buying CryptoThis is the best way to buy crypto.
When starting to trade this pair.
It was a bit fearful.I didn't think I could do it
I am so used to trading options for forex
so I thought i could my same system trading with crypto and guess what it
works.
1-Always Take Profits
2-Always trade with a plan
3-Manage your risks
If this helped give me a comment cheers
LTC to double before end of MayLTC broke multiyear downtrend and is going to need to find a new ceiling in the next mont and half.
Taproot/MWEB activation should help push us higher as well.
LTC/BTC showing the path for Litecion?After further analysing the BTC pair of this altcoin, I found out that it loves to tag the golden pocket before turning lower.
Putting this knowledge to practice - we can trade LTC while looking at the LTC/BTC pair, as well as BTC, to time our entries perfectly.
LTCBTC Long Setup pLtcBtc Long Setup based on trend lines and pivot lines. Put the sl as in indicated in chart.
The Huge Falling Wedge - mega bullishThe multi-year resistance is coming to the end as we can see on the MACD indicator the bullish divergence. This could explode in a week or two as a start of the biggest ALT season in history.
Another take on the breakoutI've adjusted the major trend line to see where it may fall into place and its possible we have begun our trend reversal from my point of view.
LTCBTC Falling wedgeMassive potential on litecoin, if it manages to break out of this falling wedge structure on the weekly timeframe that has been building since februari 2018. Pretty easy to manage risk on the downside especially if your getting in on the lower bound of the wedge. Alternatively wait for the break or of course scale in slowly and add when conformation is given. Area to flip for support shown in red. RSI is building pressure in a triangle as well and showing bullish divergence.
Targets are clear from the weekly closes, and depending on where the break happens total potential for this falling wedge is about 450%.
Good luck
