LTCUSD BIG POTENTIAL BUY/LONG INCOMING!Technical Analysis
1. Pennant Pattern Breakout
2. Waiting for the pullback before we re-enter to reach 340.00 which is at Fibonacci Expansion 1.618 Take Profit Zone
3. Fibonacci Retracement and 1st Take Profit has been completed.
4. Waiting for Fibonacci Expansion 2nd Take Profit
Note, should there be consolidation at Fibonacci Level 1 (Grey Zone) we will prepare for a push up without the pullback
The entry point for the pullback is at 205.65 and Take Profit at 340.00
Ltcusdidea
Litecoin, LTC/USDT - go go goThe coin has been forming a triangle for over 2 months. I like to trade it. I expect for entry point after retest. Keep in mind this coin.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.
#LTC/USDT looks ready for $400!Welcome to this quick update.
LTC is trading above $208 while I am writing this update.
Every single coin is up a minimum of 3x to almost 100x! Like WRX!
LTC is ready for the breakout, I am expecting either a direct breakout from this level which is scenario 1, or a retest of the $187 level which will possibly be the last opportunity to buy LTC under $200 shown as in Scenario 2 in my chart.
I believe accumulating $LTC at any level around $200 could be highly profitable for you.
Not financial advice Please DYOR )
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Triangle patternFirst of all, I apologize for not being able to update the analysis due to personal issues.
In the daily chart, the first target of the uptrend can be around $ 526.
In the 240-minute chart over review, a Triangle Pattern is under formation, of which it could have ended in this point or it could have extended up to the $ 177 range in the e-wave, and then the ascending movement begins.
We can get the main confirmation for the uptrend, when the price crossing the range of $ 217
LTCUSDT Symmetric triangle formationLTCUSDT (Day CHART) Technical Analysis Update
Waiting for the Symmetric Triangle Breakout
LTC/USDT currently trading at $203
Buy-level: Above $215 (only buy if the 4H candle closes above the symmetric triangle)
Stop loss: We will update once we see the breakout
Target 1: $240
Target 2: $275
Target 3: $300
Target 4: $350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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LTC may test 180 - 165 support then to $500as we cans see the short resistance black line which litecoin failed to break it 3 times.
a daily red engulfing candle has closed below the black resistance line..
it will be amazing opportunity to catch any ltc between 180 -165
once a daily candle close below 160 ... we can say at that time that we are bearish
but till the moment we r completely bullish and $500 - $1000 is coming !
believe or not .... LTC TO $1000 in that caseLTC shows strong bullish ascending channel so far and strong support , faced resistance $250 before n wouldn't able to break it .
once we close a week candle above $370 so we can predict $1000 easily
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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 - 4h. Growth to $207 is possible on one conditionThe total price drop did not bypass the LTC market. One of the most liquid coins of the crypto market fell by 30% in two days. Quite a good result if we compare that the drop in the price of BTC was about 22% .
Our previous idea missed the mark a bit:
However, the rebound after testing the mark of $157.29 was rather weak. Given the nature of the growth, we believe that the likelihood of a continuation of the local growth wave is high.
The main condition is to keep the mark of $170 . If sellers test this mark at low volumes, we will expect the continued growth of the LTCUSDT price to $207.
Looking at the BTC chart, you need to have another scenario in mind. If BTC buyers do not hold on to $46,000 - 46,500, the price will continue to fall towards $ 42,000. In this case, LTCUSD will test the mark of $146 .
LTCUSD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX