LTCEUR trade ideas
LTC trianglesLTC price action goes through descending triangles. Every triangle takes longer to play out (lengthening cycles)
First triangle was from mid 2017 to beginning of 2019. (yellow triangle)
Second triangle from beginning 2019 to 2021. (orange triangle)
Third triangle took from 2021 till 2024. (red triangle)
The base of every next triangle is set at the last upper touching point of previous triangle (last candle that touched resistance before breakout).
Bullrun after breakout from red triangle was rejected for now by green line, which has been important level since 2018 (app. 100 EUR). It also coincides with the last touch point before breakout from red triangle. This green line is very important level LTC needs to break before it can go into bullrun mode.
Stoch RSI on the monthly is below 20, curving towards the upside. And RSI on LTCBTC chart has been creating higher lows since January this year while price action has been making lower lows (bullish divergence).
Could this be the much needed push?
Ltc is making a moveCheck out the weekly rsi, it is in an uptrend. We buy ltc at 93€ and sell at 117€, which is 0.382fib. A nice 25% ROI. If you are confident enough, sell only half at 117€ and another half at 163€, which is 0.618fib.
Litecoin may lose more valueLitecoin may see further downward pressure in the coming days if it breaks the yellow resistance line which has been hit many times before, also currently the US stock market is selling off so big players might sell cryptos to have more liquidity, cover the margin call, or ......
This chart is COINBASE:LTCEUR but also you can draw the same line for $LTCUSD.
What is the adage? Don't try to catch a falling banana or cat or something whatever.
I am not short but I'll wait to buy back at a lower price.
LTC - two possible scenariosAll depending on daily close within next two days. If bulls manage to close daily above the green 100 MA (green) - LTC will most likely move towards the stronger 200MA resistance. If tomorrow we close below, the possibility increase to drop down slightly below previous support levels. In this case, I would look at possible Wyckoff accumulation schematics with the potential of reaching new highs before December. Time will tell...
LTC - levels to watch on the way up...Possible long after confirmation of current resistive formation forming on Daily (thin yellow line). Theoretical confirmation circled.
LTCEUR - LongCurrently in a bullish triangle, confirming upside breakout from daily since mid-November start of a downtrend. Target is somewhere near the $190 mark if support holds. Once we close daily below $125 this idea is invalidated. Good luck trading!
LTCEUR - Careful LongCurrently in a long-term uptrend.
Until green - STRONG - support is not broken (no weekly close below the trendline) we can potentially see a possible breakout to the upside, above the red resistance. Do not buy a spot before the confirmation of current red resistance.
LTC waiting with limit ordersLTC waiting with limit orders, re-test areas, POC and volume with chance for stoploss hunting
LTC - ready to take offLONG to here presented top... since the confirmation of (black line) support.
Tight SL just below the red.
Remember capital management!
LTCUSD - CUP and handle of impossible proportions.While running analysis on LTCBTC market I spotted serious opportunity for a decent LONG expecting BTC profits. After realizing what long term chart draws for us, decided to go in, since what I see is a cup and handle of enormous proportions. Time will tell - have a look at LTCBTC pair linked below...
LTCEUR BACK TO 21 SUPPORT LEVEL?On weekly timeframe we can see a double TOP near the 350 resistance zone (highest level since December of 2017). After price reached this zone went back down to our 0.786 fib zone and then went up to our 0.5 fib zone.
We can see that the same thing is going on right now, however this time price found support on 0.786 and on 100EMA at the same time.
What if price breaks down both, the 100EMA and 0.786 fib zone?
Share your ideas!
LTCUSD LongLTC goin aboce 100 MA and showing good sings of bullish momentum. We can expect our next bull run to make 5x or more. BTC will let us know how stong the bull run will be
LTCEUR - SHORTUntil LTCEUR doesn't cross the white resistance line, we are bearish. The general daily trend is downwards too. The next important levels are shown in green.
-- For educational purposes only. Do your own research before making investment decisions.
