Ltcusdforecast
LTCUSD IDEAThe chart pattern is almost identical on the daily as it was back in September. Forming a nice fractal pattern as you can see all the way down the very similar RSI movement.
I drew where I believe we're headed over the next few weeks provided we keep the white line which has been trend support ever since we bottomed out in July.
Let me know what you see?
LTC Scenario 1This Fractal is lined up perfectly with the 2017 run to the ATH. If we get something similar it'll put us in the $1200 range by the 11th month of this year. With all the incoming upgrade to the LTC network (mweb, dandelion p2p etc...) this looks like it's only the beginning though. As on the HTF LTC has broken out of a multiyear downtrend and it's looking very good from here. My opinion is that we'll see LTC in the $2200-$2800 by Q2 of 2022 if all goes well. So let's go!!!!!!
LTC/USD LONG SET UP (HODL) UPDATELTC/USD (LONG SET UP)
BUY AT- $225.00/ $205.00/ $170.00
Note- LTC will become bullish as bitcoin does
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $245.00/$255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
LTC/USD Price analysis 5/03(HODL)UpdateLTC/USD (LONG SET UP)
BUY AT- $290.00/$280.00/ $270.00/ $260.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $290.00/$275.00/ $265.00/$255.00/$245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $300.00/ $325.00/ $350.00/ $375.00
The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA , the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA , it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
LTC/USD Price analysis 4/28 (HODL)LTC/USD (LONG SET UP)
BUY AT- $240.00/$220.00/ $205.00/ $170.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00
The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA, it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
LTC short to 203
1) The five-wave Elliott wave series started on December 10th at $75 and ended at 337 on Apr 17th giving a good 4-month run-up in a beautiful 5 wave series, here are few confirmations why I think this is a 5 wave series:
a) Wave 1 started low at $70
b) Wave 2 is a zig-zag correction of W1 at 61.8% correction at $119
c) Wave 3 extended a little over 100% of Wave 1 to $246
d) Wave 4 is a zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter correction ending around $153
e) Since Wave 1 & Wave 3 are short waves, Wave 5 is extended to 100% of the distance between the start of Wave 1 & Wave 3 i.e.(246-71=175) so Wave 5 started from $153 and went up by another $175 so total $153+$175=$328 (FIB 100% extension)
2) So, now we know that the perfect 5 wave Elliott series completed, what's next? I think it's going to be a BIG CORRECTIVE WAVE for the whole 5-wave series. Corrective waves are of three types Zig-zag, flat, and triangle correction, and the retracement can be at the following levels also touching the bottom of the long-term monthly channel coming from December 2020 :
a) FIB 38.2% - $234
b) FIB 50% - $202
c) FIB 61.8% - $171
e) FIB 78.6% - $125
I personally think that the market will retrace back to FIB 50% retracement at $202 before it picks back up again.
Appreciate everyone's feedback, happy trading
LTCUSD - LONG- patiently acquiring positions HODL!
Movement will come, direction is waiting for enough positions to take it off or will come down to
see if there is positions left to take liquidity wise. "Patience is Key"
Most probable chance is a a buy limit at 208-215.
Best of luck Traders!
Comments are welcome! Have your say.
LTC/USD LONG SET UP Title/(Date): LTC/USD LONG SET UP
Asset:CRYPTO
Symbol: LTC/USD
Order Type: Market execution/BUY LIMIT
Time Frame:1D
Entry Price 1: $196.50 (ACTIVE)
Entry Price 2: $186.50 (Pending)
Stop Loss: $176.50 (200 Pips)
Take Profit 1: $216.50 (200 Pips)
Take Profit 2: $236.50 (400 Pips)
Take Profit 3: $256.50 (600 Pips)
Take Profit 4: $276.50 (800 Pips)
Take Profit 5:$296.50 (1,000 Pips)
Status: 🚨Pending🚨
LTC - 2h. Buyers kept the growth trend!Despite the sharp drop in LTC prices provoked by BT C, the price range is important $126-131 withstood the blow.
The price of LTC remained in the white growth channel. The sellers tried to break through this range at high volumes. After the formation of a false breakdown , buyers seized the initiative.
If the local fall wave is complete, the price should not fall below the range of $126-131 today. This signal will allow you to make a short-term trade with a target of $150 .
The current wave of fall has reached the first target of our previous idea. In addition, the preliminary idea has a global LTC growth target. If you haven't viewed it - click on the link below :
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