LTC BULLISH PENNANTIt's time to prepare for a breakout and I have laid out my trading strategy in preparation for the big event. Right now is a good time to hedge and cover yourself from both sides to avoid any exposure and risk. The short position will liquidate when the price of LTC doubles (around 120$ from current price); however we know LTC will go higher if a breakout from this pennant occurs. Hold onto the long position and it will be very profitable. Once the breakout is confirmed you may close the short position earlier. The short is necessary to protect against a downfall to the 40-30$ range. The goal is to layer more long positions as LTC drops and to accumulate as much as possible.
Ltcusdlong
LTCUSDT Look Bullish!LTCUSDT (DAY CHART) Technical Analysis Update
broadening Wedge
LTC/USDT currently trading at $352.50
Buy-level: Above $375 (only buy if day candle closes above $375)
Stop loss: I will update once i see the breakout)
Target 1: $400
Target 2: $450
Target 3: $500
Target 4: $600
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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💡LTC: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021IMPORTANT TIP: CRYPTO Market IS AT TOP, On Weekly Timeframe BTC is Bearish . Still Alt Coins are Rising Continuously, Don't Know Where ALTS will take U TURN. Thts Why "I Request Please Invest Just 1-2% in Alts Whenever We Post Signals"
📈#LTCUSDT
➡️Entry: 250$
🎯Target 1: 282$
🎯Target 2: 330$
🎯Target 3: 410$
LTC going into Price Discovery! Just waiting for Litecoin to enter the price discovery phase. The expected levels are all marked on the chart.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Litecoin LTCUSD- Potential Bullish scenarioThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Expansion in Volume
3. It may either BO and move to ATH OR Fall down to 240-250 level and then rise back up
4. Following a rough uptrend line
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Looking at Litecoin LTCUSD Litecoin has undergone a nice run in the background
it is still yet to challenge its ATH which was accomplished in 2017
There should be more ATH challenges for lite coin in the future of this bull run (this year)
Litecoin will be popular within the payment space of cryptocurrency
Right now in this TA I see LTC forming a little H&S pattern, however if this theory breaks down continuation upward will occur, its just a bit of a strange formation
I wouldn't recommend betting against this bull market however, maybe just wait for the dip to add more
LTC/USDT - potential 36% setupHello, Traders!
As BTC dominance continues to fall, we can expect the altcoins to continue rising with updates to the highs.
After a significant correction, LTC continues upward movement.
It is possible to connect to the upward movement in the range of $259 - $270.
It would be appropriate to place a stop loss at $234.
Fibonacci levels are the targets for a continuation of upward movement:
$282
$326
$353
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered a financial advice
Litcoin above 320 $LTC is illustrating perfect elliot waves so combining it with the MACD indicator, we are seeing that bearish signals are not so strong compared to the bullish ones for this instrument so the recent bearish crossover is weak. Also we are on the daily chart and the price is at a strong support level which gives a great chance of reversal and the 320 is there again.
Share your thoughts in the comments and like the idea if you agree. Also follow me for more updates
Have a good day
After a week of red days, is Litecoin ready to bounce? Or am I too optimistic? After falling through several support levels, now one possibility is, it could bounce from here or 219 or trend line support and close this week above 245 to see it going higher. Must hold yesterday's low. A green day closing above 258 would give bit more confirmation for any move higher.
believe it or not ... LTC still to $1000 !!check out out previous prediction for LTC in the related idea below ... it just moving on it !!
what happened that after breaking the diagonal dashed resistance line , price reached first target n then tested the same resistance line again as a support
and as we can see strong rebound right now which means that previous resistance flipped to strong support
nothing to worry about .... LTC still going to $1000 in my opinion
we maybe have another bearish scenario if a daily candle close below $164 other than that never sell