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Litecoinbitcoin

LTC could move further downLitecoin has had a tough year trying to keep up with Bitcoin. When we zoom out on the chart we can clearly see BTC has heavily outpaced LTC in 2020. Like many others it saw an increase in value in November, but that run seems to have run its course. LTC has been rejected three times by the 200MA (red arrows) although it did manage to stay above it for two whole days at the most recent test. On the first retest it bounced of the 50MA. On the second retest it plummeted through and has had a tough time since. After the third retest, we can see it is now once again below the 50MA. I believe another rejection could be in the making as volume is declining. Yes, volume is higher than it was in previous months, but so is the total marketcap. I have drawn two very strong support levels around 3900 & 4000 sats and two equally strong resistance levels around 4500 & 4800 sats. As the general HTF trend is still bearish I'll open up small long positions on a retest of the support levels and on a break of the 50MA. Where do you see LTC heading in 2021?
Short
by Coinathlon
A big cap dinosaur is waking up!Hello there, I still believe in Bitcoin protocols, so here is my view on BINANCE:LTCBTC , enjoy! American elections sent market crazy and that's why we have seen a rise in volatility since the last week of October and the beginning of November. Lately, both stocks and cryptocurrencies has gone up and I believe this bubble will keep growing until Trump is putting some uncertainty back into the investors. So here we are with a fresh new chart about an old fossilized Bitcoin protocol. Litecoin at its finest is a censorship free decentralized currency running on its own blockchain since 2011. Alike most of old cryptocurrencies its price has fossilized too and hasn't moved a lot in the past few months - it hasn't moved upwards indeed, especially on BINANCE:LTCBTC pair. Now, let's review some technicals which state the clear bullish setup I've drawn. Trend is evidently bearish and next move won't reverse it at all on daily base, as BITSTAMP:BTCUSD won't go through enough sideways/bearish time for it to grow more. Still it has some room upwards to fill and current Bitcoin move is setting some basis for it. In fact, price action is stuck inside a falling wedge and running below a falling trendline (the blue one) which is very likely to be broken and prepare some further bullishness. All those levels you can see marked on chart are based on Fibonacci retracement: one on larger (white one) timeframe, the other (red one) on current resolution; white has reached it's very bottom at 1.618 level, which was the target for a bearish Gartley pattern, red is stating the formation of a Butterfly pattern (which misses D at 1.272 Fibonacci level). Most of indicators are bearish, meanwhile relative strength index formed a large bearish divergence on daily chart, stating a possible bullish turn. A trading strategy: the very best strategy is about buying at breakout and selling resistance, so I'd recommend you to buy once it has finally broken the falling wedge; nonetheless I'm pretty confident about this, so that in my opinion you can safely accumulate some at red Fibonacci 1.272 support (0.003615) and unload your bag at white Fibonacci 0.618 resistance (0.004880). In either case, you need to set your stoploss below red Fibonacci 1.618 (0.003468), which is an important bearish continuation level. Hope you liked my altcoin trust, see you on next prediction! Trade safe and take care. Anlvis
Long
by Anlvis
3
💡 Don't miss the great buy opportunity in Litecoin/Bitcoin Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00387). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/Bitcoin (LTCBTC) is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.004600 TP2= @ 0.005050 TP3= @ 0.005580 TP4= @ 0.006380 TP5= @ 0.008075 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
25
Will LTC (Litecoin) outperform BTC (Bitcoin) ?Do we see a reversal here and will LTC outperform BTC? On the lower timeframes 1h and 4h we saw already a reversal 20 EMA crosses up the 50 SMA. If The 20 EMA crosses the 50 SMA on the daily candles we will see a clear start of a new uptrend for LTC against BTC. On the .236 fib we see some major resistance: - The .236 fib level. - The 200 SMA. - And always look left. If we can break this level we could find some major support here. My targets for the long run: .004683 (.236 fib) .005333 (.382 fib) .005858 (.5 fib) .006382 (.618 fib) .007130 (0.786 fib) .008082 (1 fib) I will take 30% profit around every fib rule and buy it back when it hits around the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal. To be clear. In 80% of the cases I don't have auto buy or sell orders. Most of the time I use alarm signals based on support and resistance + fib rules. StopLoss, I don't have a Stop Loss right now on the LTC/BTC pair. My Stoploss is on my LTC/USDT pair. If we move above the .236 fib I will move my Stop Loss to this pair and put it around .00445 !!! Never loose a winning trade !!! Sheers,
Long
by seoco
2
LTC/BTC LONG*Disclaimer* This is just my personal opinion on the market. Please due diligence before investing in highly speculative assets. Not financial advice. With BTC reaching heavy resistance, we are starting to see a lot of money flow back into altcoins. Litecoin's RSI is currently trending upwards towards the mid-level which has formed a weak bullish divergence. Stock RSI also trending upwards. A weekly close above the moving average will likely bring in the necessary volume to move up quickly. Feel free to follow me on my Twitter for the latest updates @psychedcypto, I actually entered LTC a couple of weeks ago but decided to post it on here as well since it began playing out excellently. If this benefitted you please consider leaving a like and following for more to come soon. Cheers, PsychedCrypto
Long
by PsychedCrypto
LITECOIN GETTING READY FOR MASSIVE BREAKOUT BEFORE 2021Yeah, really, i hope you are ready for this move. Looks like end of 2020 will be massive in crypto-gains. Do not forget to buy low and sell high. My personal levels for sell are on the chart. chart patterns looks very attractive, you may notice how price forming triangle shapes on the way and creating one giant triangle for last year. Current prices are quite good for buy and hold. Using stop loss is recommended. DO NOT RUN IN BIG RISK. Trade wisely.
Long
by ArShevelev
18
LTC/USDT: Daily Breakout Analysis 1D (Aug. 01)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore Litecoin's daily chart in order to assess its breakout pattern and potential targets by identifying resistance zones and using the Elliott Wave theory. Analysis - To begin with, Litecoin has broken out of a bullish descending wedge formation, similar to EOS - Litecoin has been consolidating within this pattern for weeks before breaking out with immense bullish momentum - The Exponential Moving Average (EMA) Ribbon shows a golden cross as Litecoin broke out - Counting Elliott Waves, we can see Elliott Impulse Waves (12345) leading up to the descending wedge - Within the wedge pattern, it consolidated in Elliott Triangle Waves (ABCDE) - Having broken out from the pattern, it's anticipated that Litecoin would form bullish impulse waves once again - While the trend is extremely bullish, there are some concerns as well - Litecoin faces major historical resistance around 63.13 USDT - The Relative Strength Index (RSI) is also extremely overbought - The Moving Average Convergence Divergence (MACD) shows decreasing bullish histograms as it looks to potentially form a death cross What We Believe While the outlook on Litecoin remains bullish, based on current technicals, a small corrective wave is highly probable, considering the steepness of the rally. However, we believe that the bullish trend will remain intact, given that the degree of correction is not too severe. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
2
LTC/USDT: A Slow and Steady Uptrend 1H (Aug. 01)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore Litecoin's hourly chart to assess its slow and steady uptrend, as well as significant support and resistance zones. Analysis - To begin with, Litcoin is trading within an ascending parallel channel - Prices are hovering above the 20 Simple Moving Average (SMA), which is located above the 50 and 100 SMA consecutively - There is strong support at 57 USDT, and 55.85 USDT - Given that prices remain intact within the ascending parallel channel, we could expect a continuation of the current uptrend. What We Believe Just as many other altcoins, Litecoin is on an extremely steady rally, looking to potentially break through new highs. Technicals on the shorter time frames show signs of a steady yet bullish trend. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
LTCBTC Update: Profit=39800 SL=800 Reward/Risk > 16.9:1 Trade Setup summary: Profit targets=39800 pip (500 + 1000 + 1300 + 1500 + 1900 + 2600 + 3600 + 5400+ 8500 + 13500) Stop Loss =800 pip Reward/Risk > 16.9 : 1 Current Status: Total Profit: 2345 pip Closed trade(s): 284 pip Profit Open trade(s): 2061 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.004716 based on 'previous Forecast' at 2020.07.06 : Closed Profit: TP1 @ 0.005000 touched at 2020.07.06 with 284 pip Profit. Open Profit: Profit for one trade is 0.004945(current price) - 0.004716(open price) = 229 pip 9 trade(s) still open, therefore total profit for open trade(s) is 229 x 9 = 2061 pip Break Even 0.004716 Technical analysis: . LTCBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.004500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 0.005000 TP2= @ 0.005500 TP3= @ 0.005800 TP4= @ 0.006000 TP5= @ 0.006400 TP6= @ 0.007100 TP7= @ 0.008100 TP8= @ 0.009900 TP9= @ 0.013000 TP10= @ 0.018000 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
26
LTCBTC Update: Profit=39800 SL=800 Reward/Risk > 16.9:1 Trade Setup summary: Profit targets=39800 pip (500 + 1000 + 1300 + 1500 + 1900 + 2600 + 3600 + 5400+ 8500 + 13500) Stop Loss =800 pip Reward/Risk > 16.9 : 1 Current Status: Total Profit: 2345 pip Closed trade(s): 284 pip Profit Open trade(s): 2061 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.004716 based on 'previous Forecast' at 2020.07.06 : Closed Profit: TP1 @ 0.005000 touched at 2020.07.06 with 284 pip Profit. Open Profit: Profit for one trade is 0.004945(current price) - 0.004716(open price) = 229 pip 9 trade(s) still open, therefore total profit for open trade(s) is 229 x 9 = 2061 pip Break Even 0.004716 Technical analysis: . LTCBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (0.004500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= @ 0.005000 TP2= @ 0.005500 TP3= @ 0.005800 TP4= @ 0.006000 TP5= @ 0.006400 TP6= @ 0.007100 TP7= @ 0.008100 TP8= @ 0.009900 TP9= @ 0.013000 TP10= @ 0.018000 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
20
Long term trends and what we can expect!This is a litecoin chart on the weekly so it is a very long term outlook. It is also vs Bitcoin so it shows losses and gains vs bitcoin. While BTC was slaughtering USD in the last bull run LTC at times out performed BTC. We might have one those times upon now for the next few months. The risk in litecoin is now low and the upside potential is high as it has bottomed out now twice (and a third for a short period of time) found and held support on our lower trend line. Patients will be needed for this move as the RSI is slowly gaining momentum for some kind of move. What is Litecoin? It's a clone of Bitcoin designed to be faster essentially. litecoin.com Remember owning cryptos is risky, but at the same time not owning is also risky. Invest responsible and only what you're willing to lose. This not financial advice, its educational and entertainment purposed. *Bulls make money, bears make money, pigs... well they get slaughtered*.
KRAKEN:LTCUSDLong
by WeAreSat0shi
2