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LTCUSD trade ideas

LTC Likely just hit bottomFriends, lets take a look back to 2016, before the infamous 2017 bull run began. We can see a lot of similarities when we zoom out and look at a 2 week chart to what we are currently experiencing. Pay attention to the Stoch RSI, we saw a test of a similar ascending triangle before a pullback and consolidation for about 9 months! I am not saying we will have to wait 9 months, but it does appear to be a similar pullback and rejection. We do currently have a long-term ascending triangle support we are "sitting" on. I will be keen on watching this support as well as the green support which spans back from 2015. If these are broken, I will personally not be bullish on LTCs future. A potential target around $4000 can be found from the ascending triangle width which started in late 2017 after the market topped and bottomed out in late 2018. Good luck to all, I will be updating this as things go along with your support.
KRAKEN:LTCUSDLong
by CrypticTrading
20
LTC - Accumulation phase coming to an end soonSo I have been accumulating LTC between 74-78$ for the last weeks. I still strongly believe it will break out of this accumalation range very soon, just when nobody is expecting it because only a few have this on their radars. 145-150$ would be the first main target, 200$ would be my main target but I actually believe it will go higher than that by the end of this cycle. Though I think we are in the very last breaths of this cycle, maybe 3-4 more months of upside but this is just a vague guess. My true top indicator would be both ETH and LTC making their Ath's while BTC is making a lower high. If this happens I'm out of the market. Stay safe!
COINBASE:LTCUSDLong
by TV288
1
Bearish reversal?NZD/USD is rising towards a resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 71.15 Why we like it: There is a pullback resistance which lines up with the 50% Fibonacci retracement. Stop loss: 74.46 Why we like it: There is a pullback resistance level. Take profit: 67.13 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:LTCUSDShort
by VantageMarkets
Could Litecoin rise from here?Price is currently at a support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 70.84 Why we like it: There is a pullback support level. Stop loss: 67.28 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci extension. Take profit: 75.07 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:LTCUSDLong
by VantageMarkets
1
Litecoin - I'm Feelin 22Nothing to do with the Taylor Swift song. Just a good old structure breakdown for Litecoin. Price really must hold here, otherwise a retest of the long term horizontal support near $22 seems likely. Not a long post. Just wanted to provide an update on this chart. This can occur even if Bitcoin merely tests something like $48k. One reason I still follow LTC is that it's actually more actively used than Bitcoin, to an extent. It's cheaper to send and it's got more functionality, albeit not much brand recognition. The fact that it's performed so terribly is a broader indicator for the massive bearish divergence within the crypto market: value does not follow utility. Bitcoin's actual usage is very much divorced from its current price. This tells me from a logical standpoint, that Bitcoin price is likely to come way down at some point. But as we know, markets will stay illogical and irrational. Despite there being no fundamental reason for Bitcoin's value, it can simply remain valuable. Let me be clear when I make this statement: If Bitcoin disappeared from the Earth, not much would change at all about society. We'd barely feel it. Once this is no longer the case, I'd admit I'm wrong :) This is entirely speculative, and meant for entertainment purposes, not financial advice. -Victor Cobra
COINBASE:LTCUSDShort
by VictorCobra
1
LTCUSD Is Very Bearish! Sell! Here is our detailed technical review for LTCUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 74.80. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 71.48 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
COINBASE:LTCUSDShort
by SignalProvider
1
Could LTC/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 75.53 Why we like it: There is a pullback resistance which lines up with the 61.8% Fibonacci retracement. Stop loss: 79.19 Why we like it: There is a pullback resistance level. Take profit: 71.28 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:LTCUSDShort
by VantageMarkets
Could LTC/USD bounce from here?Price is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 78.18 Why we like it: There is a pullback support. Stop loss: 75.54 Why we like it: There is a pullback support level. Take profit: 81.40 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:LTCUSDLong
by VantageMarkets
1