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LTC 1D What is more likely: growth by +40% or fall by two times?Analyzing the previous idea , we can say that the price of LTCUSDT was unable to fix below $71. Against the background of the BTC growth, buyers began to actively buy out LTC. By the way, few altcoins showed such growth on the last impulse of Bitcoin. So, having fixed above $91 , buyers took control of the situation on the chart and easily reached the top target of $124. Now we are thinking that it is time to correct for the rapid growth of the LTCUSD price. The intermediate target is $71 and the global one is $63. Although, trading risks should be based on the level of $119 . Since above it, buyers will again, without resistance, begin to push the price towards the previous high in the range of $145 _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
LTC TA ExampleExample of TA for the LTCUSD pair on Coinbase for my last few trades. It includes a comparison between active trading and buy+hold strategies as well as the trading range I used over this period. I'm constantly tweaking indicators to try and find those that align with historical (and current) market movements, of course the Blockchain space comes with a lot of expected volatility . To reduce risk without also reducing potential upside is always a challenge, although the current bull run easily makes the novice seem the expert. I make frequent use of stop-losses to lock-in profit once new support is established, which has worked well for me for the most part. Or course, sometimes a stop-loss triggers without dipping much farther and then rebounds quickly sometimes, and can have a negative performance impact . For that reason I think it's important to focus on long-term strategy and set your acceptable loss-levels accordingly. I am very bullish long-term on $BTC in particular and blockchain as an asset class, so my acceptable risk is probably higher than it otherwise would be. Note: I am not an expert trader and am constantly learning. If anyone has advice for me r.e. TA for crypto assets please share with me!
COINBASE:LTCUSDLong
by rwbaumg
LITECOIN - Intraday Update - 12/11/20 (Short-term) LITECOIN - Intraday Update - 12/11/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITFINEX:LTCUSDLong
by ferGOD
1
LTCUSD another short-term pullback before the next rally to $200Hi friends, hope you are well and welcome to the new update on Litecoin. The price action has bounced from the trend-line support: In previous article we have seen that the litecoin was moving down to the support of an up-trend line and this trend line is formed since 20 Oct 2020. And we were expecting a bounce from this trendline after this pullback. Now finally the price action has taken another bullish divergence after reaching at this support. Another successful harmonic move: In the meanwhile, I also shared another chart with you on 9 Dec, where I told you that the price acton of LTC is completing BAT pattern on small time period 4-hour chart. Now the priceline also has taken bullish divergence from the potential reversal zone of this pattern. Good supports of moving averages: Currently on daily chart, the pricelne of Litecoin has strong supports of 50, 100 and 200 simple moving averages. After current pullback, the price action has also used 50 simple moving average support to move up. At the moment the price action has bounced successfully from the 50 SMA and breaking out the 25 simple moving avearege. A symmetrical triangle and an expected short-term pullback: On daily chart, the price action has formed another symmetrical triangle. At the moment the price action is at the end of this pattern and likely to move down to re-test the support of this triangle after getting rejected by the resistance. There is also good support of 50 simple moving average below this pattern. Therefore, we can expect a breakout after a pullback to $75. Long-term support and resistance levels: On the long-term weekly chart, different support and resistance levels can be seen. At the moment the price action has the support at $60 and recently rejected by $90. After $90 the $100 can be also another psychological resistance. Then the next resistance levels can be found at $110, $140, $170, and then $230. However, the $200 can be another big psychological resistance level. Conclusion: Litecoin has very good supports of simple moving averages and the support of the triangle as well. There can be another short-term rally to the downside upto $75 to re-test the support. In long-term, there are no significant resistance levels after $90 and $100. Therefore once the priceline will manage to cross the $100 level, then in a very short time it can reach to breakout $200 resistance as well.
COINBASE:LTCUSD
by moon333
1
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