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Litecoin in Redistribution?As this is something we've discussed live extensively during streams, I wanted to take a moment to outline a "live" setup for Wyckoff Redistribution. In this instance, the target is Litecoin ($LTC). First let's discuss what Wyckoff Redistribution actually is, starting with a link to the pattern itself . Wyckoff Redistribution is a way to truly make sense of what's happening with particular assets. As many already know, trading is hard! What makes it especially hard is the trickiness that happens so tricky. Many times our emotions will tell us to "buy" or that things "FEEL bullish" right before a big selloff. Viewing things in the context of Wyckoff helps us strip away the constant smoke & mirrors & determine what's truly going on. Here are the key steps & triggers as I see them (Note: ORDER MATTERS): 1) Identify a sustained downtrend (usually -30% or greater) 2) Identify a period of time where price appears to go sideways on the macro time frame (daily candles, with downtrend and sideways each lasting months) 3) Identify the formation of key horizontal(s) where price keeps selling off consistently (short stops & long triggers are being built here). * This is often the trade range highs. 4) Identify a LACK of lows being run. * Running the lows is a BULLISH indicator, whereas NOT running lows is BEARISH. Redistribution is BEARISH. 5) After sustained consolidation, watch for the before mentioned horizontals to be BROKEN. * This is what gets shorts to close and longs to pile on, as a trick. 6) After the breakout, watch for price to close BACK under the key horizontal identified previously. * Breaking back into the range, rather than consolidating at the highs, is a key difference between the UTAD of Wyckoff Redistribution & the "SOS" consolidation of Wyckoff Acummulation. 7) At this point, your sell/short entries trigger & the anticipated price drop is from the failed breakout horizontal down to the range lows. * The stops here would be back above the range highs 8) After this move, the market often rallies off the lows in some bearish form (dead cat, Rising Wedge, H&S, etc) where it then falls below the range lows as it heads downward toward its next target. This concludes the lesson on trading Wyckoff Redistribution. If you have any questions or suggestions, feel free to reach out to me via socials. GL
BITFINEX:LTCUSDShort
by Crypt0Jack
4
LTCUSD Potential for a 25% ShortWith a descending triangle closing up on Litecoin, a Short signal produced from Crypto Tipster v2, and a current price trading slightly higher than the nearest support, it's looking likely there could be a potential drop coming for LTCUSD. The nearest support being around 25% lower than the current price this could a great opportunity to grab yourself some easy gains. We'd probably set our stop just above the current downward trend line to ensure minial losses if the price did move against us.
KRAKEN:LTCUSDShort
by theCrypster
FRACTAL: LTC Litecoin LOVES Decembers ⬆Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 Historically, December is a bullish month for Litecoin, with the price often going parabolic and increasing more than 100 % ! Previously, 4 out of 5 Decembers, the price of LTCUSDT has increased exponentially. A quick look at a fractal that played out during 2020 from this exact support zone that we are currently trading on ($68) shows a whopping 168% increase. While you're here 👀 Here's a guide to risk reward ratios and how to setup the perfect position : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
54
Buying Litecoin lows.Litecoin - Intraday - We look to Buy at 50.51 (stop at 49.58) With signals for sentiment at oversold extremes, the dip could not be extended. We look for a temporary move lower. We look to buy dips. Bespoke support is located at 50.50. Our profit targets will be 52.98 and 53.48 Resistance: 53.00 / 54.00 / 55.00 Support: 51.50 / 50.50 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LLong
by Saxo
Buying Litecoin dip.Litecoin - Intraday - We look to Buy at 52.05 (stop at 50.98) The trend of higher lows is located at 52.00. A lower correction is expected. Dips continue to attract buyers. We look to buy dips. Our profit targets will be 54.98 and 55.88 Resistance: 55.50 / 57.50 / 59.00 Support: 54.50 / 53.50 / 52.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LLong
by Saxo
Litecoin at oversold extreme.Litecoin - Intraday - We look to Buy at 52.02 (stop at 50.59) The trend of higher lows is located at 52.00. We look to buy dips. We are trading at oversold extremes. Buying posted close to the previous low of 51.02. Our profit targets will be 55.39 and 56.39 Resistance: 54.00 / 56.00 / 57.50 Support: 53.00 / 51.50 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
LLong
by Saxo
LITECOIN LTC price may double as early as the end of 2022 While the BTCUSDT price was close to renewing the 2022 low, the LTCUSDT price stopped its decline 20% above the June 2022 low. Looking at the trading chart of the LTC price, it can be assumed that there is now an accumulation of a long position in the range of 50-65 dollars. The result of such accumulation can be a shot of the Litecoin price to at least $96, and in the best result to $136 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
21
Buying a break of recent Litecoin high.Litecoin - Expires tomorrow 9am UK - We look to Buy a break of 56.02 (stop at 54.47) Trading within a Corrective Channel formation. A break of resistance at 56.00 should lead to a more aggressive move higher towards 60.00. With signals for sentiment at oversold extremes, the dip could not be extended. Our profit targets will be 59.75 and 60.75 Resistance: 53.00 / 54.50 / 56.00 Support: 52.00 / 51.00 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
LLong
by Saxo
Buying Litecoin at oversold extreme.Litecoin - Intraday - We look to Buy at 52.51 (stop at 50.98) We are trading at oversold extremes. The trend of higher lows is located at 52.50. We look to buy dips. Bullish divergence can be seen on the weekly chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Our profit targets will be 56.36 and 57.36 Resistance: 56.00 / 57.50 / 59.00 Support: 54.00 / 53.00 / 52.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
LLong
by Saxo