Ltcbtcshort
#LTCBTC - A Small but Profitable Short#Litecoin has recently reached new highs and has been ranging in the upper band since late last year. We appear to be consolidating within tighter ranges recently and can see a small but profitable drop to meet the ascending trend line.
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LTCBTC likely to head down for weekly support zoneLTCBTC is currently trading below previous daily support. It is probable that the price will aim towards monthly+weekly support. It is also very likely that if the price hits that support zone, it will find support there and we can expect a good bounce there.The weekly support sits around 0.002671-0.002762.
LTCBTC '2D' - LTC Down / BTC Up?Take a look at this - after breaking massively upward through a descending line of resistance, hitting a further historical level of resistance and rebounding; we're now on the down-swing.
We've got a Short signal from Crypto Tipster v2 and not much in the way of support below the current price - it would've been nice to get in on this Short a bit sooner, but we think there's still a healthy amount of short profit to be made here.
LTCBTC falling to 0.0018 LTCBTC tends to have 1 support and always breaks it.
It had one in 2015, and broke it in 2016 when everyone saying it will hold the support, instead if went -43% lower
It had another one in 2017, everyone saying to hold support but it already broke, currently below it and looks like it will go another 40% lower again.
This is all based on data and how it breaks supports, becareful. cheers!
LTCBTC SHORT SCALP 2021/02/26Entry 0.003900
SL 0.003959
TP1 0.003879
TP2 0.003862
TP3 0.003847
TP4 0.003829
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#LTCM20 Analysis for short term ?(plz like & follow me for regular Analysis)
LTC is ranging b/w 0.00500-0.00475/0.00480 level. It is on the upper level & seems to be rejected with bearish div. On RSI.
Nearby Target would be 0.00480-0.00475.
Thank you!!
LTCBTC SHORT ELLIOT WAVE WITH DETAILED ANALYSISDESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some time.
I thought I should go over some fundamentals and explain what & how the market moves in the way it does (whether bearish bullish parabolic or death spiraling) there are certain fractals that remain constant & these are used by institutional investors; later adopted into crypto trading (albeit different rules: much more volatile, much looser regulations, and ofc--- 24/7/365 open markets.)
So many of you may be new or even those that have been around for a while are all aware of the terms "support" "resistance" "pivot" I'm sure you've heard it many times.
Hell for you amateurs (those that aren't new, but haven't been doing this long enough: i.e. the 3month - 12 month traders) a.k.a. the most dangerous motherfuckers in the community as they are the ones most inclined to spread (and fall for) #FOMO / #FUD, but I digress.
R2S1 IS a key resistance . You are familiar with these, even if you're not sure what i'm talking about.
Here's a clue: $BTCUSD: do these prices mean anything to you? $6200 / $8000 / $9180 / $10.6k / $11.2k etc.
That's right; jog your memory? It's got nothing to do with unlocking doors or secret figures. It's simple consumer confidence & fundamental candlesetick anlaysis based on oversold/undersold markets & have been serving as signals for chart analysts on WallSt since the 1930's.
IF you guys appreciate my publications, the extra time I put into them with opeds / analysis / information which is time consuming and a thankless gig: then please support my work by sharing it to as many folks as possible and smashing that like button for Benzinga's algorithm because at the end of the day I love what I do. I love researching, then love sharing my research. I love to read & write. Unfortunately, that's an anomaly in my generation (I'm a millennial, born 8/16/90) but that's why I'm starting a youtube channel soon.
Already thought of a name:
'Crypt0wiz's Crypto Crystal Ball'
The format of the YT series will be more or less just like my publications (if you're familiar with them) which provide a bit of information rooted in facts with historical analysis transitioned to technical analysis & conjecture that is not financial analysis but meant to serve as my own personal opinion & finally end with a detailed oped / tangent about whatever snapple fact my nerdy ass knows that you don't and you will be more likely to stomach it since it's not in text so this is not really my decision, truth be told I've been pushed into this for the better part of a year now.
Fortunately for me I happen to be really well educated on poli sci, current events, finance & tech so having the "jack-of-all-trades" niche capability is for the first time I can think of a benefit rather than a detriment...if you're wondering how having several niches can be a detriment; truth is I detest having to do 5 things ( even if I"m good at all 5 of them; even if I"m great at them) because if I can be amazing at technical analysis, forex trading, developing smart contracts/nodes, API keys, python software, journalism, amateur comedy, teaching, brokering, etc. it just means that I'll never be an innovator in one of those: and that's what I want...I want to change the world.
For the better.
I know this is cliche & everyone says this: but the last thing I care about is money.
I want to be a fintech billionare...no, I WILL be a fintech billionare within 2-3 years and I will use 99% of that money to save lives & keep no more than $200,000 a year to myself -- I kid you not. That's who I am. Call David at the International Rescue Committee's New York Regional BRANCH or Catherine at St. Jude's Cancer Research at Columbia Presbyterian or Qaseem at Doctors without Borders. They'll tell you.
Anyway let me get this thing published before it's too late.
Figures all on chart. It's a short signal: as it''s a precursor to a BTCUSD retracement.
STOP LOSS is most important one: I'll never stop repeating it ! One of these days I'll forget and it'll drive my OCD mad =P
Have a wonderful day everyone. Take care of yourselves, be good to your friends (and strangers) and don't take life too seriously...enjoy the little things like that cup of coffee you're about to have (if you're on the EST coast like me) as so many of us take so much for granted.
Another cliche, but one worth mentioning.
Peace & Love
Ahmed T.
-@A1MTARABICHI
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LTCBTC fractalPossible pathing of the next bull run for litecoin, immediate resistance is purple line. Alligator can be seen to be eating bullishly, a bullish rejection will probably occur when the green line touches the red line. Price seems to be mirroring early stages of 2017 bull run. Lets run litecoin.
LTC/BTC TA Update (Bullish Breakout?)LTC/BTC
LTC is quite looking bullish after breaking above trend-line resistance.
The price is currently testing the 200D MA, If finds rejection from this key resistance area,
we may see a pullback at the immediate support zone before it will try to continue higher.
LTC/BTC TA Update (Bullish trend-line breakout?)LTC/BTC
LTC broke outside the downward trend-line resistance and manages to hold the 12 EMA on the daily time-frame.
This breakout signals a temporary short term reversal to potentially retest the resistance area 600000 - 625000 sats regions.
If the price can hold this level in the coming days, we may say the immediate bottom is now set at 550000 areas that will become our reference for long term important key support.
LTC/BTC TA Update (15% Drop More?)LTC/BTC
LTC broke weekly key support at 682500 sats area and already facing another deep dive into no support zone.
LTC could easily drop another 15% further since there is not enough historical data of trading history back in March 2017.
Weekly RSI is still inching closer to an oversold condition where potential relief bounce could happen. If this candle closes bearish,
it will only add downside momentum in the coming days or weeks. Bears have controlled this market.
LTCBTC SHORT 1D - SHORT SET UP IN CONSOLIDATION PATTERNBulls tried to put LTCBTC PA above 21 twice since september bounce. Not only has been impossible but also bear signals are around again:
1.- MACD signal is still below zero line, and bearish crossover just happened.
2.- ADX-DI is on "sideways" area, but DI- is dominating DI+
3.- Stoch, which is the indicator i use on sideways movement, is not on oversold territory and has crossed in the bearish way.
4.- Volume appeared on 24sept bounce, becoming from bulls, but now, almost testing again same point, volume is not appearing.
So I am entering short trade, expecting LTCBTC making a lower low. I will close the trade when bearish signs dissappear.
This is my journey, this is not an advice.