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LTC Litecoin: 1D Chart w/Price TargetHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD). Litecoin has been bouncing around Support and Resistance trend lines and it looks like it may be headed back up to re-test resistance. The resistance is at the 0.382 Fibonacci Retracement which is also near the edge of the red Ichimoku Cloud around $180-185 (my price target). There may be strong resistance at the $125-130 area before moving up. Volume will be important for the price to move higher. RSI just had a nice re-test of the support line and MFI is moving upwards on the trend line. With the current market conditions, if the move happens it will happen very quickly, so be ready. Resistance Line is the red line and top blue line. Support Line is the orange line and bottom blue line. The green lines are long term trend formation lines. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSD
by MillionaireEconomics
3
LTC Litecoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Litecoin (LTCUSD). Litecoin price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud resistance ahead. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSD
by MillionaireEconomics
2
LITECOIN (LTCUSDT/LTCBTC) Daily Trade Setups 2021/02/20Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Trade Setups Below are the potential trade setups that I would be interested in trading: LTCUSDT Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $220 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Long Trade Setup #2: Breakout and Continuation 1. Price Action: Price breaks above and falls back down to $247 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $247, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Sharing of live trades that I take. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
by cryptotraderog
2
Litecoin- Can this be where ltc is eventually movin to, at $370?As seen on the chart, here is a double bottom pattern (the W pattern). Here is a weekly chart. As seen on the chart, price reached $370 on 18th December 2017, came down to $25.619 on 3rd December 2018. Price left $25.619 and went to $147 on 17th June 2019. On 9th March 2020, price was back to $25.619 again, broke the resistance line on (28th December 2020) and turned it to support which signals a double bottom pattern. Since then, price has been moving high, most likely to $370 again. Therefore, I expect price to break $229 first, followed by $314, $348, and hit $370 to complete the double bottom pattern. Watch out🔥🔥 What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
BITFINEX:LTCUSDLong
by PetrockFxTrading
LITECOIN Double top or bullish break out?LTCUSD is on a rebound made on the 50.150 intermediate support and is testing today the January Resistance. Levels to watch: - January's uptrend stopped exactly on the MA200 (1D chart) and pulled back to the 50.150 intermediate support. The rebound leg on that support is again testing the MA200 today. - Another rejection on the MA200 will make a Double Top formation, which is a bearish pattern. - The MA50 has already provided support on 1 occasion (07 - 10th January) and could do it again on the intermediate support. - The MACD turned from bearish to bullish again in 5 days. - The Resistance is at 68.900 while the Support at 35.600. Projection: - If the double top is formed, the we expect a pull back to the intermediate support (50.150) where we will test the real buying pressure. As long as the MA50 can hold, then we give more probabilities to break above the 68.900 Resistance. If the MA50 breaks though, buying pressure will be most likely seen again near the 35.600 Support. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
BINANCE:LTCUSD
by PrimeXBT
1