When we break through the red channel, we go much higher! After we break the channel, we go higher.
Halving pump coming too. :)
Litecoinusd
Flashbacks: Look what happened the first time LTC hit $114The first time Litecoin reached these levels, the price jumped from $114 to $350 in 1 week. (December 2017)
I'm not suggesting this will happen again. This is merely a basic observation that may be worth paying attention to. Check out my last idea - it is playing out as well (so far). LTC may be on track for $1k+
(not a whole lot of overhead resistance)
Time will tell
Happy TV time all
yadayadayada *This is not financial advice*
Possible Down before UP.Looks like Litecoin is now consolidating after a breakout. Its likely to finish the consolidation by making one down move first and then move Up. The near term trend is still Up side, however buying it when it comes down to the most recent low seems to be prudent.
Litecoin Accumulation Phase - Be Ready for the next waveMost traders are prone to hating the accumulation phase of a market because there is no clear sign which way the market will go. If you look at any market which is related to currencies, the accumulation phase is the best time to buy or sell. Sideways price tells me one thing - " buyers and sellers are equal". Now at this point, you might be thinking, "well, that is not going to help me" but it will. What you need to remember is Litecoins price has not dropped below $85 since the $100 high. Whales love to swim in the deep waters with vasts amount of liquidity. This provides them with the best cover to hide their big trades without moving the price of Litecoin. Have a look at the current value area (green box) between $90 - $80, if you are looking to buy at the best price. its possible the price will not drop below $90, try to position a trigger trade if price breaches $95. We will retest the $100 again so don't doubt this uptrend.
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"Patience is the key to any market" - Nathaniel.
Next update will be next week - Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement
Litecoin are in important levelWill halving pushing up LTC? I personally believe that yes. I am accumulating it from January 2019. Now we are on important level. If LTC break 0,011 BTC, perhaps 0,01 are in game. If fundament about halving should stay strong - LTC have to rise, because LTC halving is a pattern for BTC halving. People are expecting pump. If pump not come, they will ask, if the same cannot happen to Bitcoin. If whales wish strong halving pattern, they should help LTC :)
LiteCoin (LTC) could drop, H&S and DOUBLE TOPIf BTC drops big, it could send LTC down to at least $30s, thanks to a H&S (RED ARROW) then to a Double top that are forming (YELLOW ARROW). So, stay alert.
Let me know what do you think.
Only for entertaining purposes.
Don't forget to like and follow.
Head and Shoulders This seems to be forming a head and shoulders pattern. It would be smart to wait on this and then short for some good gains.On my last post I was looking at a long position and I was right on the money! Now we are still waiting for this to hit the TP to then take the short position.Shorting around 92.000 would be a good idea.
Quote: “The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
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LITECOIN (LTC/USD) - Technically Strong AreasThe higher area consists of:
- Fibonacci retracement 38%
- Strong area, only strong candles have managed to crack this level.
- The semi-round number $70
This level should hold us if the BTC price doesn't drop below $4,800
The lower and the better entry point would be around the $50
- Perfect Fibonacci retracement 62%
- Fibo retracement matches exactly with previously worked support and resistance levels
- The round number, $50, should play also a significant role in this game
- EMA's should start to act as support levels around that area.
From the technical perspective, those levels are pretty strong, add here some fundamentals, watch closely what BTC does, do Your own research, etc.
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Litecoin owned by bulls if...Price need to break 95$ to make good move in order to reach 150$+
In 2017 it did it in just few days, will it make in now same?!
litecoin halveningpotential upside based on current market conditions and run up prior to the last halvening event
LTC WILL EITHER GET A BOUNCE AT THIS LEVEL OR...LTC needs to have a bounce within next couple days to maintain it's bullish pattern
Litecoin Long-term Bullish ScenarioExpecting a retrace to 64 and resuming bullishness to 180, invalidation is a strong break of the highlighted consolidation
LTC breakout! LTC looking primed here after hitting support and bouncing off it multiple times
Have broken above this falling wedge and targets are the 2 supply levels above
With a BTC breakout, LTC should follow suit or maybe even runner harder than BTC
Thanks guys!
