LTCUSD buy log signal support and resistance zoneMy support and resistance zone by volume profile
My first buy limit is in the zone 196-190, after that 173 - 152$
Ltcideas
How to safely invest LTC and other cryptocurrencyThis strategy is very simple and conservative
You divide the purchases into parts, you never buy all in
Each zone has 3 parts
You divide your capital into 6 parts and gradually buy it
in case the price reaches the remote purchasing zone, you keep part of the capital
An example will be $ 10,000
2000 $ you will hide for the worst times (remote area)
8000 divided by 6 6 = 1333$ (six buy long zones)
If the price also reaches the profit zone, you gradually sell off the profit
It's up to you what ratio you choose
It's my idea to invest safely
It's much less emotionally demanding than buying all in :)
To the moon with full powerFrom the Bitcoin family, Litecoin is a digital asset token of the Litecoin network that can surprise everyone. My only complaint is that I own the least of this token.
In the weekly chart, and according to the wave counting, the price is in the 5th wave of the uptrend, according to the Fibonacci ratio in wave 5, this uptrend can be extended up to the target of $ 1688.
(Weekly Chart)
The price is in the 5th wave from the sub-waves of the 3rd wave, in which the price has the largest movements as usual.
As you see, the daily chart is totally clear, there is the possibility that the first wave from the 3rd point ends in the range of $ 438. In continuation, I expect the advent of a strong uptrend, initially for the target of $ 597 and finally the target of $ 1600.
LTCUSD litcoin congratultions updatefrom our last analysis which i tagged below close to the comment section you will the big sell i forecaster
i will wait for candle formation to update buy or sell
Litecoin and other Alts - To the moon?Well... Let's see if LTC has the gas needed to get past resistance. So the next resistance point is the 50MA on the 1D which is also coinciding with the downtrend channel line, this will make this area very hard to poke through. A lot of volume is needed and we just down have it right now. As I see it BTC was just creating a big fakeout with that green candle it printed. Yet another thing to note for Litecoin is that the 20EMA has proven to be resistance, let's wait and see if it even makes above this moving average.
Keep in mind that BTC rules this entire universe so we have to see what Bitcoin is doing to get an idea what to expect for all other Alts. For BTC it will be very tough to go over the resistance points that it faces. So if BTC does not go over its resistance, neither will all other alts.
Take a look at the chart below. Bitcoin price is now coming up to the 200MA which is going to be reinforced by the 20MA. Volume needs to be higher or price will drop very soon. Let's take a look at where volume comes from in the chart after this one.
www.tradingview.com
Ok, this is where volume in crypto is generated, if money comes in here than you will see it reflected in BTC and all other alts. For now the norm has been between 200 to 214 billion dollars. If you see it go higher than 214 billion that means we are going to see a large volume spike, and if you see it go lower than 200b we may see a serious drop.
The next important thing is that once money comes into crypto where does it go and how does it get distributed? In the chart below you can see that there has been a drop in BTC's dominance hence the spike in price by some alts. The lower the number on the chart the higher in price alts will be, take a look, right now we are at 69% and if we drop to let's say 50%, that will be great for Alts, the price will spike very high in that case.
Wisdom
In investment banking, there is a secret called the "90/90/90 Rule" which means that 90% of investors will lose 90% of their money in just 90 days. Just remember that large institutions are after your money, so don't make greedy unplanned moves, they are counting on you doing just that.
NOW, THE LEGEND;
Support trendlines are green
Resistance trendlines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going down
THE OUTLOOK: Safe to buy a small percentage on the pullback.
Be safe and follow me to make money and stay ahead of the curve.
Xena Exchange Resident xena.exchange
Litecoin - How t make real money - Do I have your attention NOW?I hope you have been following my instructions, if you have, we'll, those buy zones of 68.00 and 65.00 did hit last buy zone is 62.00 which may hit soon. This TA has been aging very, very well. You are shapping up to have a few thousand dollars in your pocket by the end of the year. Back to the TA keep in mind that the death Cross will push LTC even lower, so you should not set an SL just yet, instead set a buy order at 62 or hell set one at 58.00 we may just hit that. BTC may try to make a run for 7,510.00 before going back up.
If BTC hits my green arrow and it may LTC will be around the 50's. The green X is at the crossroads of the 61.8 FIBO of the entire 2019 move and a new trendline. The 200MA is very strong and it is calling BTC down to it on the 1D. Keep an eye on my Bitcoin TA so you can see where LTC is going, Why? Because LTC is contingent on what Bitcoin is doing. Why, because algorithms control most of the trading in this space. The only way you can make money is by understanding what the algos are doing and join them. Their job is to buy cheap and sell high, your job is to control your emotions and buy at "Low Risk" scenarios that the algos create.
Be safe and follow me to stay ahead of the curve.
THE TREND: Clearly going down as predicted
THE OUTLOOK: Unsafe, Death Cross happening now
