Litecoinbitcoin
Triple flags for LTC push upwardsExpecting a strong push upwards for COINBASE:LTCUSD after bouncing off the new support of low 300$ zone.
Bullish flags on both the 1 hour and 4 hour charts as on the MACD crosses and accumulates under average.
Then The RSI bounces off the oversold threshold showing support and further accumulation.
With #Bitcoins dominance falling, $ETH becoming further independent;
the next logical sentiment falls unto $LTC for a bullish climb towards new ATH.
Another indicator is the LTC/BTC chart showing Litecoin's stability against bitcoin and a imminent breakout.
Litecoin (LTCBTC) uptrend keeps going onLTC/BTC
Price: 0.00635
Target: 0.020-0.022
Stop-Loss: 0.005735
As it can be seen on the charts every time the price hits the green support zone it begins a strong uptrend on the weekly timeframe. This week LTC goes beyond the Ichimoku cloud, hence it can touch our target.
LTC/BTC - will history repeat itself?LTC has touched all time lows against BTC and bounced with conviction. Furthermore it broke out of a multiyear falling wedge pattern.
The exact same pattern has manifested before resulting in a very strong run.
The red boxes indicate target areas. The targets align with volume by price levels and fib retracement of the multiyear downtrend.
This is a very simple setup - no magic happening here, but that makes it more powerful, I think.
Let me now what you think in the comments
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!
Double your SATSHello trenders and friends,
This chart do not need many explanations as is looking goooood.
Here you have the opportunity to double your value in BTC, not necessary USD.
Let me know what you think or as I used to say just don´t.
MMM (Make Motherf.ckin Money)
Invest your money wisely, be patient.
LTC/BTC Breakout Happening NOWThe Shorter-term triangle is broken, the longer-term triangle test getting closer and closer to breaking expecting a break within THIS quarter as BTC/dom drops and ETH outperforms BTC massively.
When assets are in or close to price discovery like Litecoin the USD pair becomes irrelevant and the BTC pair becomes way more important. LTC, like many altcoins that are yet to move on the BTC pairs, have a MASSIVE massive year ahead if the market can stay afloat.
Fractal from the last consolidation just before the altcoin season of 2017/18 is very similar to the current consolidation - remember that fractals don't have to be identical to be valid - they just have to ryhme.
Will be expecting further moves up after flipping and consolidation on the orange resistance line.
LTC moved up as i said ,what next ?LTC / BTC
about 1 month ago in 3 april i published an idea about LTC historical and interesting buy zone
You can check original idea attached below
LTC moved up since this idea by around 64% in btc pair alone (easy money 💵)
WHAT NEXT ?
There is high possibility that LTC will continue up
You can see with BTC pair chart it broke weekly supply and important trendline resistance
We need only next weekly candles to close above resistance for more confirmations
Dont forget to like our idea and follow ..will be a good thank you
$LTC on the daily TFboy, girls and whatever other fictional genders there are,
LTC is only going up, we had a test on the daily to see if it wanted to go down. price did not like the $266-269 range and we confirmed a green dot and a tiny trigger wave ON THE DAILY!!!!!!!!
im long since $268, May and June will be excellent, see the trajection with white dotted line following momentum up
LTC/USD - THIS ONE HAD NOT SEEN BLUE SKIES YET...Technical Overview: - LTC/USD
SMALL TIME FRAME ANALYSIS:
Technical Perspective: Price had created a "resistance" which hold a lot of liquidity
this is a magnet for the Devils as market makers seek this $$$
Let's keep it simple 🥂
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Litecoin (LTCUSD) WEDGE CORRECTIONFollowing is my analysis for Litecoin (LTCUSD) using wave theory & Fibonacci measurements:
1) On Apr 16th, Litecoin (LTCUSD) touched its all-time high $335
2) The market went into a correction mode after a 4-month uptrend taking the price from $77 to $335
3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming ( A-B-C-D-E ) 3-3-3-3-3 waves inside the diagonal triangle shown in light GREY A-B-C correction waves
4) I believe the next wave is the last leg of the wave E in the diagonal triangle
5) There are 3 confirmation points that need to be taken here
5.1) Confirmation 1 - Bounce confirmation of Wave E shown in the diagram
5.2) Confirmation 2 - Price breakout from the diagonal triangle, shown in the picture
5.3) Confirmation 3 - Once it breaks out of the channel it usually retraces back before going LONG
I believe these are some of the main confirmations that we need to take before taking LONG positions for Litecoin (LTCUSD)
Information is for educational purposes ONLY, appreciate everyone's feedback !!!
LTCBTC year long wedge breaks upwardsIt looks like LTCBTC has managed to break resistance of a wedge that has been forming since 2019 (blue dashed line zoomed in, see my previous posts for details about this resistance level).
There is still a bit of resistance above the current ascending channel (dotted yellow line), but the target now looks to be a much longer "years-long" wedge that has been forming for quite a while. Due to the distance between these wedges, there is still quite a bit of potential for LTC to continue its push against its older sibling BTC over the next few months, so it definitely looks like a good trend to watch for anyone following LTC.
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.