LTCEUR major resistance50% fib retracement at 119.30 Euro could be a major resistance level and buying opportunity
LTCEUR trade ideas
Alts to follow BTC vol 2Last trade with ADA gave us 350% to the top. Next we are betting on LTC to climb to the top with over 100% profit potential. A few reasons why I like this trade:
- Nice bounce to a strong level/zone with 3 huge touches
- Further support from demand line of upward channel
- Compared to BTC, LTC's price is at a 3-4 year low point and shows trend reversal signs.
LTC may require patience but when its time comes, it shows nice gains.
LTCEUR 13 FEB 2021 1615 hrs ( RSI centerline use)RSI is only an adjunct to volume. It is not needed. However after getting a grasp on supply and demand trading or Wyckoffs accumulation versus distribution concepts RSI can be very useful. I use it as a personal backstop and situational awareness tool.
RSI here us set to 7 versus 14. The overbought and oversold are re-designated to the Supply and demand lines. The demand line is set to 25 versus 30 and the supply line is set to 75 versus 70. Then there is the centerline at 50.
You may have to practice with it but what I have found is that accumulation and re-accumulation often occur below the centerline (as highlighted). Once RSI is below centerline you are looking for notable volume spikes that confirm that accumulation phase has initiated (sopping volume/climatic volume). This helps in two ways: it keeps me from staring into space for hours by setting an alert at the centerline level (on repeat during work) and it prevents me from entering into a long trade that may already be overextended .
distribution phase and re-distribution generally happen above the 50 level (during a downtrend).
But above all else volume, supply and demand are the priority to understand and internalize. Once you are confident with volume, all the indicators are the same: mostly useless.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
When you set a target and wait for price to get there (proactive/decreased risk)
When you enter a trade when its already on its way to a target (reactive/increased risk)
LTC next goal 148.10Hello everybody,
LTC TA this time, beceause i Think ATH is a consistent coin, with some good profit.
If he hits resitance and not braking, he will fall back to the support, and then climb up. if he brakes he goes to 148.10.
So i hope he don't brake, fall back to support, then buy, and then climbing up to resitance around 137.2, beceause it this way profit is the most ofcourse.
Please place on watchlist, so that you can look if he brake, or fall. Il keep you up to date!
No advice, just my opinin!
Tim
#LTCEUR watch out for the RSI on the rising channel.
If the RSI break below the rising channel on the 4hr chart, the price will dip for a while. If it remains within the rising channel, it will go up but I don't expect it to pump.
#LTCEUR perfect rejection at Fib 0.382 As the rising (cloned) channels indicate, we are being rejected at the same price at Fib 0.382.
Analysis from January until February LTC/EURStill new to Trading, but I decided to share it with you tho it's not even close with details like the Pro Traders do here. I just applied simple patterns and trend lines that I have learned in the last couple of days.
ltc coin to 130! Acording to my ta ltc can hit 130 in a short time: 1) MACD shows that uptrend is just beginning. if he breaks tru the support, what can happend, according to the past. it might reach 150,-.
As you can see in the past the LTC patern is like a stair, and he shows the same patern again.
No advise Just a TA, where i can hope somebody can give me advice on.
LTC to go up to cca 130e before fallingMy plan is to wait for a bearish entry signal when the price gets up to the end of the triangle (cca 130e) and we enter a overbought area on the 1h chart.
Expecting to enter C wave of correction.
Count looks good.
This is not financial advice.
Short term LTC ideaExpecting the price to react to high volume node to finish the w4.
Plan is to wait for bullish entry signal somewhere in the red rectangle and go for a 5% gain.
This is not financial advice.
the first time I try to count according to Eliott Wave a noob is trying to count according to Eliott Wave, please don't crush me too hard :-D
maybe someone has a better idea and can give some advice ?!?
LTCEUR 6:1 ideaIf price falls to cca 103.7 it could be a part of an ABC corrective wave, possible 6:1 on B wave before possible drop. Target set at cca. 129.4.
Just an idea, not financial advice.
Every crypto is going upppppppppppp, except xpr Hiii everyone,
This is just an opinion, nothing more or less,
So in my opinion,
-it will take some time to see a big dump, al least a few months I have notice something extremely interesting, some big big big player is buying all the considerable dumps, and destroying alllll the people that short crypto(like with tesla), is a win win, you keep the price high + you make money with the people that short crypto +more interest of people to invest in crypto = moon+a king(The big big player).
-I think most people are starting not to sell(thinking like an investment), because its proven that if you keep the money vs buy sell buy sell + STRESSSSSSSS, you make more money(no fees, no bad buys or bad sell) and you live more years ;).
-Also I live in german, and where if you keep the crypto for one year, you don't pay taxes, yeppppppp...tax haven for investing mentality. You guys know what they call to the taxes for people that dont keep it for one year, "speculative transactions" – exist within the meaning of Section 23(1) no. 2 of the German Income Tax Act...interesting "ja", and believe me in german is where the money is, from europe.
I wish to everyone a lovely day, don't forget to live..just stop looking to the up and down and breath, take walk, make love..live my friend live... ;)
Muaaahhhhhh and sorry for my english..
Short term LTC forcastPersonal notes: When we use the most basic stick method and draw trend lines we see an interesting phenomenon. Before the trend changes its angle upward it breaks its current support. Does it do it to correct and gather momentum or just to get all the shorts or both at the same time is irrelevant.
Litecoin following Bitcoin Bull Circus next buy chance $102.81I'll keep it short. Unless Litecoin takes no break and just continues to climb,
Possible buy opportunities for Litecoin are at around $102.81 and $98.62.
Make sure to set your stop loss orders not to lose any money or sit there being forced to HODL.
LTCEUR Price drop cca 10%, then continue positive trendLooking at the 1h chart we can see that LTC is a somewhat overbought area.
After bitcoin broke ATH, LTC followed the growth and broke resistance that has been in place since the beginning of December.
As the current price is quite far away from the 200 EMA, my prediction is that price will drop towards the 200 EMA too around 71e and then bounce back to follow the upward trend from December 11th.
I am a beginner trader, just starting out. Any advice or critique is welcome.
