LTCUSD
#LTCUSD - Plenty of Short Profits, But Where to Take Them?theCrypster -
A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
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✅TS ❕ LTCUSD: support area✅✅ LTCUSD reached the support area.
Volatility has decreased.
The asset will bounce from the current area.✅
🚀 BUY scenario: long to 86.98 .🚀
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LTC Daily Long TargetsTargets are circled
107
144
LTC may need to retrace more here, but the bias appears to be upward.
Double bottom formed on rising support.
Rsi is 50 at time of post, neutral.
LTC is also retraced to the .618 against BTC in its most recent impulse and could be ready for a leg up against BTC.
NFA, do your own DD
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 88.21 (stop at 84.71)
Hourly momentum has stalled and our bias is now neutral.
Daily signals are mildly bullish.
A break of the recent high at 88.12 should result in a further move higher.
Short term RSI is moving higher.
The medium term bias is neutral.
Our profit targets will be 96.71 and 98.71
Resistance: 82.50 / 85.40 / 88.12
Support: 80.00 / 78.00 / 75.00
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LTC IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LTCUSD 1D Public RoadMap Valuationtest
Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin's original source code. Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use.
LTC IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The Macro Defying Litecoin Bullish Crab ContinuationLTC after reaching the Bullish Butterfly profit taking target, has pulled back and developed another Bullish 1.618 Harmonic in the form of a Bullish Crab at the 200 Day SMA and Support Zone. If things go like last time we will see LTC trade at these levels for a few days before going for another Higher High eventually.
🚀 LTC IS CRAZY!Locally, the coin is under a downtrend (red descending line). In case of breakdown of this line, we will see a hike to the level of $88.
$88-93 are key resistances. Pay attention to what volumes are concentrated at these levels.
I highlighted the supports with orange lines. We will observe the reaction at these levels. I will go long from these levels with a small volume (I will reduce the risk, since in general we have a lot of limits set now).
Usually, Litecoin skillfully works out breakdowns of dynamic lines. Let's see what happens this time.
Elliott Wave Sequence in Litecoin (LTCUSD) Calling More DownsideCycle from Feb 16, 20223 high in Litecoin is in progress as a zigzag Elliott Wave structure. Down from Feb 16, wave ((a)) ended at 90.05 and rally in wave ((b)) ended at 98.33. Internal subdivision of wave ((b)) unfolded as a zigzag in lesser degree. Up from wave ((a)), wave (a) ended at 96.02 and pullback in wave (b) ended at 92.75. Third leg wave (c) ended at 98.33 which completed wave ((b)) in higher degree. The crypto-currency has resumed lower in wave ((c)) with subdivision as a 5 waves diagonal.
Down from wave ((b)), wave i ended at 96.4 and rally in wave ii ended at 98.20. The crypto-currency extends lower in wave iii towards 93.91 and wave iv ended at 95.46. Final leg wave v ended at 85.85 which completed wave (i). Rally in wave (ii) ended at 91.71 with internal subdivision as a zigzag. Up from wave (i), wave a ended at 90.73 and dips in wave b ended at 87.50. Wave c higher ended at 91.71 which completed wave (ii) in higher degree. The crypto-currency extends lower in wave (iii) towards 84.01 with internal subdivision as a 5 waves. As far as pivot at 98.33 stays intact, expect rally in wave (iv) to fail in 3, 7, or 11 swing for further downside.
Whether or not the price defense will be successful is the keyHello?
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The key is whether the price can sustain the price by rising above the HA-High indicator on the 1W chart.
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(LTCUSDT 1D chart)
You need to make sure you are supported and able to ascend near 85.91, the lower point of the ascent channel.
If not, you should check for support around 74.32-81.33.
As long as it does not fall below the long-term downtrend line (1), we expect it to continue its uptrend.
In order to continue the full-fledged upward trend, it is expected that it will start when it rises above 89.95-100.50.
Looking at the 'Vol & Trend' indicator, it shows that the selling force is increasing while the trading volume is showing sideways.
Therefore, I think it is important to have support around 85.91.
If the selling force continues to rise, there is a possibility that it will fall out of support around 85.91, but for now, we can see that the price is well defended.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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LTCUSD - looking for trend continationI am looking for a signal to go long if price gets to the s/r zone.
This is also bullish on the daily t/f.
Will switch to H1 time frame to find a reason to go long.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
#LTCUSD - A 30% Drop Before Rising Up?Coming off a fresh rejection off the descending resistive trend line we've received a Sell signal from CTv2, there's around 30% drop until price would meet support at an intersection of ascending trend lines and a historic SR level. This is our target!
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theCrypster
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