LTCEUR trade ideas
LTC/EUR CoinbaseCould this be as simple as a 5 wave pattern ? The worst case of this possible wave 4 is that we keep declining until €207 ($250) and then a possible upside to pass its Coinbase all time high of €350 ($422) and possibly rise to between €380-400 ($460-485) or am I being too optimistic it hahah ? I would love to see the OG Litecoin smash its ATH! I would love to get peoples opinions on this ! I am only starting to get into looking at charts so I welcome any pointers, criticism or opinions that others have !!
Happy Trading peeps !
When to enter LTC/EUR? Litecoin has shown great strengh these days. Not a good idea to enter right now on the green candles. However there are some potential entry points to consider when getting into LTC again with the EUR pairing.
My idea is to enter at LTC at €240 or €200,-.
LTC - Possible cup and handleLTC seems to be forming a cup and hand pattern. As we all know long term patterns are always more accurate
This would also means that LTC would retrace slightly during the next few week
Not a financial advice
LTCEUR 03 MAY 2021 2110hrsWaiting for signs of accumulation off of key support. Last high volume events are circles. Looks like stopping volume. If you think of the concept of effort versus result, this may be a good example to get an idea of what high volume abruptly stopped at support and the result of that look like. Quite a large markup with little in its path. The daily also looks bullish (low sell pressure).
But even with the bullishness in the daily background I will still wait for a better price then up here.I guess another way to say it is I don't think now is the right time for me. If you are in it already or have other investment objectives you may be calculating the entire background differently. If you are successful do what you are doing great! If you are having issues, you may benefit from WYckoff and VSA methodologies. In my opinion Price action with volume vastly helps your analysis.
The hardest part is waiting! But waiting usually leads to the better pay off in the end anyway.
🚨 LTCEUR - Perfect trade with 54% profit ✅ Hello dear readers,
the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :)
Now the trade is finished:
Symbol: LTC/ EUR
Duration of trade: 12 days
Profit: 54% Conservative
All price targets worked off: Yes
So this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
LTC possible correction support levelsIf LTC corrects, from the hi/lo and volume I deduced it could reach the marked support levels. From the overall popularity and demand for crypto I think that in the medium-term the trend is looking to be bullish .
I know corrections are usually considered 10% falls in price, but for crypto I feel the percentages are a bit off.
Feel free to to leave a comment if you have some thoughts on ETH, BTC or LTC :) or if you see something I have missed in this short analysis of LTC.
Right now I have a little bit FOMO, but I would feel uneasy just throwing some money into crypto without waiting for a little pull-back, knowing that there is a chance of bouncing from the support levels. I don't see anything like that for the future price of crypto. Is the price going to fall after raising another 10 or 20 or 30%? I don't know.. but what I feel like I might know is - big tech is investing into crypto, and incorporating its platforms (ETH) into their systems. So I feel like a fall of 10 % or even 20 % would be seen as a big buying opportunity by everyone, making the price jump back up.
Well, those are my thoughts for now, have a wonderful day!
„You don't want to put all your money on one horse in this business; nine times out of ten, the second horse comes first.” Michael Caine
LTC-EUR : Fast tip...In my opinion, that wedge was the first of 5 elliott's waves. Now, i expect a zig zag for the second wave. I so expect a drop until 0.618 and, then, a new impulse pattern. Let's see in the next hours .
LTCEUR 2 Elliott waveIs this a second impulse wave. I expect a drop to 0.61 to 0.7... . If this will be true, so i will buy it, running the third wave.
$LTC is trading below EMA8 and is about to touch EMA200$LTC is currently underperforming as it trading below EMA8 and almost on EMA200 on the 4H. Unless it flips the EMA8 into support and bounces back to test EUR 172 again , things could turn ugly.
LTC probablity of having a retracement of WAVE C WAVE C will bring price around 88-100 level in coming week
