Litecoinusdt
LITECOIN cYpHeRLong term bearish cypher, easy profits to be made in the short term with a golden cross present on the weekly chart. This golden cross has proven to be successful on BTCUSD so why wouldn't it be on LTC? Best to go long. Included a fractal for the cypher not sure how accurate it will be lets just see how it plays out :P. I still believe ERC-20 Tokens and Ethereum will outperform BTC and LTC in throughout MARCH. Very nice range for trading. Potential for a lot of movement upwards.
LTCUSD formed bullish BAT | Upto 42% MoveHi friends hope you are well, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Litecoin. The Priceline of LTC has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.
Let’s have a look on the LTC move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. We also have a 100 simple moving average in PRZ level that can be a strong support to push the price action up to 42%.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: $57.85 to $54.63
Sell between: $65.99 to $78.08
Stop Loss:
The potential reversal zone area which is up to $54.63 can be used as stop loss in case of complete candle stick closes below this level.
Litecoin 4H AnalysisLitecoin has presented multiple chart patterns on the 4H chart including a rounded top reversal, a bullish triangle, and currently is sitting within a WIDE broadening wedge. With higher lows present this could lead to a bounce for the coin at the 50MA level. If not a breakdown to 200MA on 4H is expected.
LTCUSD formed bullish Shark | A good long opportunityPriceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $42.25 to $41.84
Sell between: $42.67 to $43.55
So this very short term 2 hr based chart trade is a good long opportunity for Lite Coin's day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year.
The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork.
If we don't hold we will probably test for a double bottom around 23 dollar.
LTCUSD hitting the support of triangle | A long opportunityThe priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Regards,
Atif Akbar (moon333)
LTCUSD - Broadening Bottom (Megaphone) Pattern - Target $75 Price Target: B - D line (Approx $73)
Stop: Below the A - C - E line (Approx $42)
"Key aspects of the Broadening Bottom Pattern:
Points A, C and E should all be successively lower. That is to say, point C should be lower than point A, and point E should be lower than point C.
Point D should be higher than point B.
After the final decline (marked by point E) look for price to rise significantly.
It may be a good idea to wait for price to rise below resistance created by the BD Line for conformation."
www.tradingview.com
An Example of Broadening Bottom Pattern on AMD graph:
thepatternsite.com
LTCUSD formed bullish Shark | Upto 38% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 49.082 to 44.959
Sell between: 53.285 to 62.083
Regards,
Atif Akbar (moon333)
LTCUSD formed bullish Shark | Upto 14.5% expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.53 to 55.66
Sell between: 59.68 to 63.94
Regards,
Atif Akbar (moon333)
LTCUSD formed bullish Cypher | A good buying opportunityPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Cypher pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 57.922 to 57.478
Sell between: 58.272 to 59.112
Regards,
Atif Akbar (moon333)
LTCUSD formed bullish Butterfly | Upto 27% move expectedPriceline of Litecoin / US Dollar cryptocurrency has formed bullish Butterfly pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 47.881 to 44.505
Sell between: 50.500 to 56.841
Regards,
Atif Akbar (moon333)
LTCUSD forming bullish cypher | A good long opportunity aheadAfter forming Shark pattern now th priceline of Litecoin / US Dollar cryptocurrency is forming last leg of bullish Cypher pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets
Buy between: 55.78 to 54.57
Sell between: 56.74 to 59.03
Regards,
Atif Akbar (moon333)
LTCUSD formed a bull Shark | Another buying opportunityAfter completing the bullish BAT pattern now the price action of Litecoin / US Dollar has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 54.06 to 53.12
Sell between: 54.88 to 56.74
Regards,
Atif Akbar (moon333)
LTCUSD formed a bullish Crab pattern | Upto 28% expectedBy the grace of Allah the most high after giving more than 29% profit as my previous idea:
Now on smaller time period chart the priceline of Litecoin / US Dollar has formed a bullish Crab pattern and has hit the spike within potential reversal zone but MACD and Stochastic are still bearish therefore the priceline may give us another chance to catch it from PRZ area insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 63.55 to 58.97
Sell between: 67.10 to 75.70
Regards,
Atif Akbar (moon333)