Ltceth
Did I make the right decision to sell LTC? I think so...Value vs. ETH has tanked...should have waited a couple of days to get a better exchange value, but I stand by my decision...Better to be holding things like BTC and ETH, though at times I can imagine myself holding LTC for a trade, and I have already done it once since selling long term holdings. Will probably do it again at some point, but only for a short duration.
LTC / ETH near range lowsBuying LTC near the lows of this range could be a great opportunity for anyone wishing to make more ETH. BTC topping out could be a catalyst for large gains in LTC vs. ETH as any retracement in BTC is likely to negatively affect ETH's USD value more than that of most altcoins. An ideal entry would be to buy a reclaim of the lows after capitulation.
Interesting Bottoming Formation on LTC/ETHNo, I'm not telling you that LTC will outperform ETH, the chart is telling us that...I would be cautious about converting ETH to LTC myself, but it does mean that if this trend continues, those that have a few too many LTC might consider using this as a means of converting either to BTC or ETH, but maintaining a core position if they think that LTC has a future.
LTCETH quick 268 pipsNot sure how quick. Timing has never been my best skill.
This is based on some experimental research I am working on atm, so be aware. Can't for that reason also not disclose much unfortunately. Basic TA so far using pretty recent levels from late November.
Happy to read TA from others pointing at the same.
Happy trading!
LTC/ETH LongLitecoin looks strongly bullish on the 4H in comparison to Ethereum
$ETH has been the Crypto Market leader lately and with $LTC
looking to outpace this leader it makes a good argument
to enter a long position here.
Reasons being:
-Kumo cloud twisted to bullish
-Bullish TK Cross above the cloud adds conviction
-Lagging Span is above the cloud making a stronger case
-Short term diagonal resistance broken and retested as support
Short term target is .18092 ETH
LTC/BTC (4th Retest of Key Support?)LTC/BTC
-Litecoin is about to retest the key support around 4450 sat
-For some reason, LTC failed to continue its potential uptrend recently
-It is too early to say for trend reversal if LTC bounces strongly at a key area
-But the 4450 sat range is a good trading opportunity for Buy entries
-Keep an eye of this level, once a reversal sign is seen
-Take the shot and place your stop loss under the green support
Support on mid line confirmed, channel createdI said that in my last ideas, ltc is trying to form a stable channel and down trend is done for now ...
We are in mid line and you can see the support on rsi and mid line ...
I can see that up trend is coming again and 19200 is possible again, I recommend you to do long in 18600 to 19000 and 19200
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Take care, trade safe and good luck.
Uptrend and breaking 19200Guys as you can see rsi has a support line here and its going to break the first resistance ... 19200(0.786 fib) and the first touch will be in 1.618(19500)
There is some thing to reject that, fail in breaking 19200 ! and it will touch the mid line(red channel)
There is a good opportunity to long
18990 to 19200 and 19500
and if it lost to hold 18990 and you see 18800 do the short one to 18500
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Take care, trade safe
Channel broken ?If you see another candle below the 1 fib it means channel broken and next target would be 1.618(0.18518) but if you see a candle above 1, it means we are back to the channel and the target would be the top line(0.19011)
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Channel confirmedOk guys first of all ltc is in a rectangle channel for now, and you can see support and resistance line here.
Price touched bottom line and its time to test resistance.
So I recommend you to do long 18800 to 19000(382 fib)
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Take care, trade safe
Hidden convergence ...LTC were in a descending channel for a long time! I think this is the time to break it, to being in a stable rectangle channel for a while.
As you can see rsi and price are forming a hidden divergence here, price is almost touching the wedge, and macd looks strong after all.
I recommend you to do long, if you see a candle above the line.
If it failed to break the resistance, it will go down to touch the bottom.
In up trend first resistance and confirmation to long is 0.618 of extension(0.19172), and in down trend first support would be 618 of extension(0.18877)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
2week Litecoin Sits Below Old Support. (LTC)If we were to zoom in on the weekly for litecoin we would see a lot of doji rejection off of old support as Resistance.
The 2 week is still red across the board, even on the ema dots.
My main concern is that the pennant has broke.
If we fail to push up we could see a strong sell off. If sell off occurs next place to look for is horizontal support on lows in the 20s
Best of luck to you. Will keep and eye out on this one, zero interest as of now for a buy.
Short looks more juicy.
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