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Litecoinforecast

2021 Outlook - Litecoin (LTC)Sharing forecast. Best estimate The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170. Conservative estimate It's the Compounded Annual Growth Rate (CAGR) of 199.25%. This is computed as: Closing Price x (1 + CAGR) = $124.69 x ( 1 + 199.25%) = $373.14 Worst estimate Worst case scenario if ever is the $25 area. If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price. If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price. Risk reward ratio seems attractive at 4.54. Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
COINBASE:LTCUSDLong
by cautious_trader888
Wait for me... Bitcoin passing one after the ATH in a hurryBitcoin is showing immense strength and it clearly showing the the alt coin bulls the way. In full gallop it reached $33k. Ethereum is struggling to keep up with papa bull Bitcoin and struggled to break the $775/800. Litecoin same picture in the $140/145 range. Ripple looks more like RIP still. A very bearish chart. The only hope are signals from Ripple or the SEC that there will be a way to avoid XRP being treating as a security. The first hearing on Feb. 22, 2021 will be key and that is a long way from here. So my short-term outlook is that Bitcoin will take a breather and retrace to about $30k seeking to make that level support. Keep in mind that predictions are extremely difficult to make as this is a very bullish, but volatile market. Bitcoin as seen today can also explode more and capture $35k. Ethereum will like follow suit with Bitcoin and retract to about $750 to seek support there. It may also be triggered by Bitcoin and catch up while Bitcoin takes a breather and make new highs by itself. For Litecoin it is similar again as with Ethereum. Looking for support right now at $135. It has the great potential just to explode as well and outperform Bitcoin and others. Ripple is if anything a big gamble. I closed all my positions and took the hit. Very unpleasing and I partially blame Ripple (the company) for not foreseeing this and protection their community from these losses. I am sure the SEC did not come with this out of the blue. And again keep in mind the momentus pace we had in uptrend. And what goes up must come down. 2021 is here and the Bitcoin target supposedly should be $100k. This will not happen in 12 days with 10% each day, so keep in mind some folks will also cash in and sell and others will push the market down only to get in again and participate again. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
BITFINEX:BTCUSDLong
by CarpeMomentum
Litecoin price Action (LTC) Possible Outcome Going ForwardWe all make dumb mistakes when we make biased decisions. For me, trading is about removing my personal biases (or what I think the market should do) from my trades. I change my mind about my trades fast and can change to being a bear very easily if price action shows me a different outcome. Removing these biases is what saves me from holding the bag when price action doesn't support my views. Proper stop losses are always in place to make sure that my bias doesn't get in the way. I do not want to trade based on what I think market should or will do. I want to trade based on what price action is telling me. Current set up is telling me that we need to get to the upper boundary resistance line, breakout of it, re-test it and go from there. I am targeting $120 but I may and will change my mind if price action is telling me otherwise. Always be loyal to your capital and not your views. Remember one thing when you trade "Your views will not be hurt if you are "wrong". Your capital will be hurt if you are "wrong". Your capital needs you to preserve it and grow it, you can change your views at your ego expense. You can change your capital at your "views" expense. Proper risk management, proper stop losses, elimination of bias - the only thing that will make you successful. Although this looks bullish AF - keep in mind we are still below the major breakout resistance, chart can morph into another structure so make sure you are not going to let your views hurt your capital. Dont let one day off gains make your next year's decisions. Happy Sunday and good luck to you traders! #litecoin #ltc
COINBASE:LTCUSDLong
by bossmodetrader
10
LTC-4h. Buyers need $83 to continue growingLTC buyers were able to give a decent answer to the local downward trend on 7 December. 16% rebound is a good result. However, this fight takes place within the consolidation triangle. The level of $83 plays an important role. This level plays a brake role. The LTC price does not turn immediately from this mark, but each time it is done with great difficulty. This time, buyers could only touch this mark . Trading volumes began to increase as they approached the white trend line . However, they are clearly not enough to continue growth. We expect to continue trading inside the triangle and test $71. __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics! ____________
Short
by P_S_trade
10
Litecoin |A pull back before the next rallyPreviously we have seen that the price action of Litecoin was expected to have breakout from the resistance of triangle. Now the price action has broken out the resistance and spiked beyond $94. On daily chart, the price action of LTC has found a strong resistance at $91 and formed double top at this level. The priceline has also good supports of exponential moving averages 10 and 21 as well. On daily chart, the price acton of LTC has also found a good up trend line support. Now the price action is moving down towards this support again. But in order to re-test the support breaking down of 25 SMS is must. The Other SMAs with the time period of 50, 100 and 200 are also moving up to provide the support to price action. On 4-hour chart, the price action of LTC is also forming a bullish Shark harmonic pattern. The potential reversal zone of this pattern starts form $78.73 and ends at $77.18. If the priceline will not take bullish divergence from this PRZ level then it may re-test the support of up-trend line on daily chart and from there it will start the next bullish rally. Conclusion: We have a very good supports of 25 SMA on daily chart and potential reversal zone of bullish Shark at same level. If these levels will be broken down then the priceline may move more down to re-rest the support of the trend line.
COINBASE:LTCUSDLong
by moon333
1