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Litecoinusdt

LTC/USDT Trading IdeaHistorical data shows that $145.90/$146 price region ( area with the red sad face ) has been a key resistance area for Litecoin (LTC). As a matter of fact, LTC attempted breaking that resistance in June 2019 but failed, due to the lack of trading volume ( red area below the graph I have highlighted in red with a red arrow ). In January this year, Litecoin finally broke that price resistance, but it didn't hold for long going down shortly after to retest the region, where the same region acted as a resistance. In February Litecoin broke above the $145.90/$146 resistance again for the second time this year. Something to note this time around is that trading volume has gone up compared to June 2019 ( green area below the graph I have highlighted in green with a green arrow ). Towards the end February, Litecoin dropped to retest the $145.90/$146 region which has now acted as a support ( area with the green smiley face ) with price bouncing back up. I expect Litecoin to test the $254.80 region again with the trading volume we're getting + Institutions like Grayscale buying 80% of the mined Litecoin in February according Shaurya Malwa's publication on the 2nd of March 2021 on Decrypt. This is no financial advice, this report/analysis is for educational purpose only. Trade at your own risk. Please leave a like if you found this useful.
Long
by F4R1DJR
3
Litecoin (LTCBTC/LTCUSDT) LONG 2021/03/04I just entered into a long for LTCBTC. Sharing my trade details. Pair LTCBTC Direction Long Entry 0.003765 SL 0.003716 TP1 0.003782 TP2 0.003797 TP3 0.003809 TP4 0.003824 Signal Rating 3/5 Make sure to add a 0.1-0.2% buffer to prices given to avoid order clustering and stop loss hunt. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! Please support me by liking and following, and sharing your ideas and analysis in the comments! Thanks!
Long
by cryptotraderog
2
Litecoin completing Shark for upto 109% profit moveHi dear friends, hope you are well and welcome to the new update on Litecoin. On the daily time frame chart, the price action of LTC with US Dollar pair has formed a bullish reversal Shark move and entered the potential reversal zone. On breaking down 50 SMA the pattern will be confirmed. There is also 100 SMA support in buying zone and 200 SMA support below the buying zone. this trade has a huge profit possibility of 109%, and the loss possibility is 21%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
COINBASE:LTCUSDLong
by moon333