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Litecoinusd

LTC/USD idea of a LONG trade.This is a trading idea created for the date: 28/5/2020 and is valid until 24:00 GMT+1 Symbol: LTC/USD Time Frame: 4 Hr. Expected duration of position when open: 4 Hr . up to 29/5/2020 24:00 Trade idea is: double resistance break out making it probable for a upward move towards 47.50 Go LONG if Price goes thru (above) 44.75 Position your T/P @ 46.60 Position S/L @ 41.45 When the LONG is open @ 44.75 and the prices goes thru (above) 46.05 move your S/L to : 43.15 If position is still open on Friday close it out at 24:00. Profit or Loss!! No trading during weekend for risk of low liquidity and spread widening. Close the position before the weekend with Profit or Loss! Next week we can find a new opportunity for another trading idea. Do not expect every trading idea to be successful. Do not expect every trading idea to be executed. It is very likely that the idea will not reach the opening trigger price. A good trading idea is one thing. Good money management is another important ingredient to end up in profits or loose less. Use due diligence and proper m.m. Do not chase losses. Do not s.a.r. to panic trade the opposite way. Make sure you can afford to loose all the money you allocated to trading. Have your position sized that the loss will not make you stressed or nervous. Trade ideas/setup of mine are created and focused to take pips out of the market and not to make a prediction or forecast of the underlying instrument traded. My trading methodology is based on probabilities, +E.V. , long term Win/Loss ratio and money management. Oh, and a monkey throwing darts on a chart in the backroom :) I have an personal interest in the ideas myself as I trade them also. I am not a financial advisor. Do your own due diligence and learn to trade on your own. Happy trading, Dan CryptoDesperado
KRAKEN:LTCUSDLong
by CryptoDesperado
3
Litecoin - Let's Long After Selling at $200 - LTC Silver HedgeBitcoin got its golden cross so Litecoin should follow. In 2017, Litecoin reached $80+ before Bitcoin reached $5,000. Bitcoin is now $8,800 after touching $10,000 so Litecoin should follow. If you trade BTC pairs, you know what is up. Mining BTC has become inefficient due to the halving. ASICs are now dedicated toward LTC. Once they have completed their accumulation process, they will use their Bitcoins to pump up Litecoin in the BTC pairing markets, triggering algorithms to buy LTC with fiat. Silver is already super bullish and forming a new base, let's start accumulating again. We probably won't be sell it again for $200+ like in 2017 since there is no more crypto frenzy, but since you can buy this in Robinhood, the stimulus checks may fuel the pump. The same traps from 2018 are still being played. This week, the institutions decided to release news about the Hong Kong protestors, making Bitcoin futures contracts super attractive on May 22, 2020. They then proceeded to dump Bitcoin during the weekend when nobody can close their position for profit. Now they will slowly prop up Bitcoin back over $9,000 as Asian Exchanges get propped back up through seeing the strength of Bitcoin. Once Wall Street opens, Bitcoin pumps and destroy all down contract buyers. No wonder Trump is so at ease and golfing so much during this weekend.
BITFINEX:LTCUSDLong
by BTCinQQQ
1
LTC/USD Showing Potential!As we look at the 4hr timeframe we can see the short term downward channel which as held as a strong S/R. LTC/USD is now strongly trading above the 9 day EMA. The next resistance to overcome is the 55 day EMA. We're looking for a close above EMA 100 & 200 which will bring us at around $45 for confirmation of next wave up. My assumption is that it will try to attack the top of the channel now that it's once again trading inside, since the massive BTC sell off. Top of channel will be around $47. If it breaks this on the first move up since re-entering channel (unlikely), I'll be a happy camper. This is not financial advise. Safe trading and remember to use stop losses and alerts to raise confidence in your trade. Simplicity Wins Bless Up
BITSTAMP:LTCUSD
by rnaofs
2
6 More Months 2 Accumulate... (LTC)Symbol: LTCUSD Sector: Cryptocurrency Let's talk bitcoins little brother, litecoin. Overall looking out I want us to focus on the major parallel channel range that is moving upward at somewhat of a 45 degree angle. That is our main range we are focused on playing currently. You see our current Resistance (top black dashed line) is holding strong somewhat similar to bitcoins downward Resistance at the 10k level. That pressure could force us to revisit the mid $20s - $30s range for a very nice second chance at a very sweet deal per coin. We seem to be forming a compression point under current Resistance and the top of horizontal support based off the level of the first major rally. (Circled in red) This is where we find the breakout setup to squeeze us into this tight range of prices. It "could" take up to 6 months to reach the channel support unless if we sold off hard here. Look at the major parallel channel support (green 45 degree line) We want to see that Resistance slap price down to bounce off of that support to rebound off of it and send it flying through the top black dashed line for a major breakout. I know this might sound crazy but based off of the Fibonacci extension from last major bull run could signal for a price in the high 7k range at the end of 2023. Fibonacci to me I dont take serious, I sort of just use it on the side to see how much time it would take to reach the top of the major channel with key Fibonacci levels. (It's for fun! 😁) Time after time after every major bear cycle for bitcoin has only led to bigger and better prices. I think that the total cap will exceed what it did last cycle which means higher prices for coins like litecoin. I wouldn't look to be too aggressive here, I'd sit on order book around last low for potential double bottom off of the channels current support. If that channel can hold we will likely see this play out. *Litecoin already has captured the name of many investors. It is a household name. That popularity benefits the community very much and will help it grow even easier the next cycle.
BITFINEX:LTCUSD
by UnknownUnicorn2319099
4
Litecoin RangingLitecoin more often known as the silver to Bitcoin's gold has surged by more than 100% since its drop on March 12 , 2020. Litecoin is trading at the consolidation marketplace in its Medium-term perspective as we could see from the daily chart. The pressure from the bears in the service in $45.79 on the 5th June is currently fixed today, by the bulls. The response from the bulls pushes the cost up to around $47.32 in the resistance area. LTCUSD is in trading and consolidation between $84.80 in the upper resistance region and at $24.53 at the decrease support region of the range. A breakout in the top supply area or breakdown in the lower place accompanied by a retest may occur hence patience is required to allow this to occur before a position is required.    Staying above $44.80 can lead to strong growth for LTCUSD. • Overall market sentiment regarding the coin remains bullish. LTC/USD Medium-term Trend: Ranging • Resistance Levels : $70, $80, $90 • Support Levels: $20, $10, $5
BITFINEX:LTCUSDLong
by CeoCodes
2