Litecoinbitcoin
Long term Idea for LitecoinLong term Idea on the monthly chart for litecoin. This is a two year outlook so patients is key. Look at the chart... Is time to sell or buy litecoin? Litecoin is at historic lows against Bitcoin , it's time to buy. Most people won't like this chart as it's not a get rich quick scheme. What it is though, is a path to victory with a series of small wins.
*You want to get rich quick, play the lottery. Investing is smart money working for you with patients.*
Litecoin to $2000 this bull runLTC MimbleWimble Code To Be Ready by March 15th which can give it a nice push to upwards. Nice double bottom on LTC and it will follow BTC and ETH and will break its ATH.
in 2017 we saw 6000% returns in LTC in 261 days so we can have even 1000% this year it can go to $2000.
Immediate targets are mentioned in the chart.
we discussed the same in our today's video.
LTC Ready to start outperforming BTC?Litecoin vs BTC has been in a falling wedge for a few years now.
We're now approaching the lower end of the wedge and if there's ever a time to start a rally against BTC it's now.
What does TA have to say?
We're trading below both the 50 and 200 Week MA. A breakout above the 50 MA would be a good thing as it's at about the same level as the upper end of the falling wedge. Ideally we flip this resistance into support ant take off from there.
When we look at indicators and oscillators we can spot bullish divergences on stochastic, Willy and MACD.
There's no sign of bill div on the obv, that would've been extra bullish.
It really only seems like a matter of time before we see this thing take off.
Have some extra info to consider, do you see things differently? Let me know!
Cheers,
W
Not the best deal. Risky. But you can trySince Bitcoin is growing, many people are reluctant to buy it. They want to buy different Altcoins.
If you really want to buy Altcoin in addition to ETH, LTC might be a good option for you.
SL: If 1D candle closes under 164.
TP: Depends on the market situation. I recommend setting up 50% on the $298. But it is safer to buy bitcoin at the moment.
Litecoin LTC Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
LTC Litecoin Market Cap $18,993,843,023
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
LTC A Big Bull FlagThe price action still moving within $170 resistance and $140 support levels.
On the weekly chart, the price action has formed a big bull flag.
Within a bull flag, on the small-time period 4-hour chart, the price action of LTC is forming different harmonic moves, and as it has reached at the end of bull flag which is in fact a symmetrical triangle, therefore, a breakout can be imminent.
My love and personal plan for LitecoinHey folks, I'm sharing my plan for LTC
First I'll go into why I'm holding for the long term and then I'll
dive into my thoughts of the current markets and my short term set up.
First let me state Litecoin is one of my absolute favorite ALTs.
I've held a position in LTC since the 55$ level. LTC doesn't typically get
the hype/attention (or growth) like BTC or ETH but I believe it still has tremendous potential.
Why? Well gather 'round kids.
It's appealing to the new investor with the all too common "unit bias" issues with BTC.
It has practical uses, speed, support and a generous but limited supply double that of BTC.
While many coins have approached and surpassed their ATH, LTC has not
So new Litecoin investors will be happy to find themselves "in" early.
LTC is 140$ currently and that is still LESS THAN HALF of its ATH from $360 in 2017.
People looking for a little less volatility and a little more sustained growth I think will
find the community and supporters of Litecoin with open arms. And I only hope that LTC
won't come prey to these pump n' dump scams although.. it's a very real probability.
In this case I would stay very vigilant with dynamic stop losses as it goes parabolic.
To be honest If I see an enormous and quick rise in LTC I would likely transfer the position
over to bitcoin as the LTC/BTC market spikes for safe keeping rather than back into USD.
Now will LTC hit $360 this month?!?
Perhaps, but imo it's doubtful. But will it hit it's ATH gradually over this year or the next?!?
Well now we can start taking some small, but meaningful longs as the dips allow.
Slowly, but surely increasing positions and generating money that works for
you rather than explodes and vanishes....
I know DCA isn't the most exciting thing, but it works very well over time.
Now for the short term.
Currently Litecoin is trading at 140$ trying to push out of its weekly channel.
If LTC rejects the 150$ level I expect it to continue to oscillate between the $148-120 parallel channel pictured.
If my time allows I would sell partial positions to try and buy back in at the support. But I do plan on holding 85%
of my coins as day trading these levels could prove profitable however missing the breakout could negate these trades...
The support it holds at the $115-120 area is over a month long and well tested. Dips into these areas push me to
further my long position in small increments. Multiple candles below the $115 mark would to me signify a larger
push down to about a $100 and even less. I do not think this will be the case near or long term however it never
hurts to be prepared. My stop loss hovers near the 100$ mark which would still about double my initial investment.
These are my personal viewpoints and they remain flexible.
I hope you found them just a bit informative.
Cheers & Stay safe friends.
-Bruce
Litecoin (LTC) This Will Be A Big Chain Reaction Of Bull RunHey friends, hope you are well and welcome to the new update Litecoin.
Support and resistance levels:
After getting rejected by $170 resistance now the price action is breaking down the $140 support. The next support is at $110.
Up-trend line support:
The priceline of LTC has found good up trendline support on the 2-day chart and testing this support at the moment. At the same support level, there are also exponential moving averages 10 and 21 supports.
Down channel:
On the weekly chart, the LTC with BTC pair has formed a down channel and the priceline is at the support of this channel at the moment. There are 25 and 50 simple moving averages resistance levels above the priceline.
Shark Move:
The priceline has completed a Shark move on the weekly chart and entered in the potential reversal zone.
A bullish Butterfly move:
If we zoon out the same weekly time period chart, then the price action has completed another bullish harmonic bullish Butterfly move. The final leg is retraced up to 1.269 Fibonacci level whereas we need a retracement up to 1.27 so there is a difference of 0.001 Fib level. Therefore it is possible that the price line may drop a little down and then start a powerful rally to the upside.
Big BAT move:
On the very long-term 2-month chart the price action has completed a big BAT pattern and entered in potential reversal zone:
Conclusion:
The price action has formed a small shark then a big butterfly and then the biggest BAT harmonic moves. Therefore there can be a big chain reaction started that will lead the price line to set a new high.