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LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top. If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55% then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.
Long
by JayFortune18
Litecoin - Time To Start Scaling In?Litecoin has been my main focus throughout this bull market in cryptos. Let's zoom out on the COINBASE:LTCUSD chart. You can see the rising wedge pattern that I've been covering for the past 6 months or so had a decisive break down around mid-May. This was our flashing "sell signal." But as you can see from the arc structure, this bull isn't done running just yet. Where are we today? Yet another Elon tweet about Bitcoin sends all cryptos lower - for now. But as you can see on the chart, price is very close to a brick wall of support. Not only is the edge of the arc currently sitting right around $140, but we also have the 50, 100, and 200 day moving averages coming in as backup. Don't be surprised if within the next few weeks, Litecoin decides to take off like a rocket ship and bring price back towards the top of the arc around $325-$425. However, one thing I will also be watching for is a break below the arc, which would signal the bull is taking a rest for now. Although that scenario is highly doubtful, should that happen, I'll be on the sidelines for a while waiting for my signal to get back in. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
COINBASE:LTCUSD
by jstrasburger
LTC - 6h. Buyers need to keep the range $158-168The protracted consolidation in the LTC market is coming to an end. Before the consolidation, 2 unpleasant events happened. Unfortunately, buyers were unable to keep the boundaries of the trend channel, in which the price moved from December 23. In addition to the trend line, buyers lost an important range $220-230 , from which the LTC price began a new wave of growth and renewed its high. On the positive side , however, buyers have managed to maintain control over the range of $158-168. This price zone saved the LTC market from February to April. It is this fact that gives buyers a great chance to continue the price rollback to $220-230. In the short term, this is our main target. Globally, the range of $220-230 may only be the first stop on a buyers journey. By holding the price zone of $158-168, buyers will secure themselves a medium-term price vector with a target of $280 . It is in this mark that the future fate of the LTC market will be decided. The main task of buyers at the moment is not to lose control of the market over the weekend. Well, let's see how they do it on Monday. _______________________________________ 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!
by P_S_trade
26
LTC, Litecoin - the first goal is...Preconditions for growth: - accumulation zone 172 - 186 - squeezing to the resistance line - false breakout on the resistance line - after that moving up (it means that for someone it's important to go up) The first goal is 210. With SL. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
3
Litecoin is warming up! LTC Litecoin super tight triangle consolidation at demand zone. Since anything can happen in this market (and I'm a bull at heart) but the trend is your friend and the key to trading is preparation, discipline, and having a system; this keeps me objective and helps me manage risk. Today price action didn't push lower but looks like a nice "inside day" is in the works. Interest in long on a BRB (Breakout Retest Bounce) move. Will keep updating as we go. Happy trading folks!
by Trade-Pal