Updates: Litecoin broke up the ascendent triangle!!!Ok, as Litecoin continue up, the price at the moment is $48 USD. So, in H4 Litecoin validated the support line that form this bullish channel and we see a Litecoin that is leading to the $51 USD, that is my target. And we see that we're bullish in Litecoin in H4 timeframe. so, I put my break even in my entry price that was $46.80 USD, so, my risk/benefit is 0, that mean that I do not loss or earn, So, my position and my own money is protected by break even.
And then, we hope that Litecoin is did a retest on the $47.80 USD to then continue to bullish toward the $51 USD.
Good luck on this position
Ltcusdlong
Long Position: Litecoin in the good bought zone!!!In this analysis, we see in H4 that Litecoin show a bulls resistance above of $46 USD. So, I put a buy order limit at $46.80 USD, my SL at $44.30 USD and my own target profit will be the $51 USD.
In Daily timeframe, Litecoin is in this bullish channel, but the expectative is so bearish as Bitcoin do. So, more later I will going to make an overview on Litecoin on Daily and weekly timeframe to be prepared which is the next movement on Litecoin huge!!!
Good luck on this position!!!
Message:
I choose the broker called Phemex and I yet stuyding this crypto-broker because I want to accumulate more altcoins for my crypto-portfolio that soon will be reveled here to show what cryptocurrency I'm intereresting to accumulate. At the moment, I use Prime XBT that I can to trade Bitcoin, Ethereum and Litecoi nas my favortive crypto. But more later, I will going to trade Dash, Cardano, Ripple, Chainlink, Tezos and more cryptos to earn in the next bull rally!!! And also, to become a crypto-trader!!!
LITECOIN-Battle between active and shadow area🎉 Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
LTCUSD
Is trading within a triangle pattern and its about to break the triangle pattern in coming days as in recent days most of the crypto currencies are trading within a confined range. LTCUSD is currently trading above the.382 Fibonacci level and around key price action level where we can expect some resistance to the bull.
50.305 area is acted as both support and resistance for the past 08 months. If the bull want to remain in control it has to broke the key price action level.
If its happened then the next upside swing target would be around 64.00 is the place where we can see a previous left and right shoulder pattern was formed in the august month.
During the initial period of pandemic it has seen a massive sell off due to the lost in market confidence and the investors flew in to safety. From March 13 LITECOIN is in uptrend after this period the bear cannot take control.
If the Key price action level was broken then the next upside hurdle would be a .50 Fibonacci retracement level comes around 54.140.If LTCUSD managed to bruise through the shadow area we can expect massive upside or downside rally. But the current market condition is supporting the bullish rally
💌 Leave your valuable comments and suggestions related to this idea in the comment section.
Thanks for your time. Good day guys 💝
LTCLTC possible slow and steady grind. might stall out in 80 dolla range...
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LTC breaks monthly/yearly downtrendAs you can see on the MACD, LTC has reversed its monthly course and broken out officially. There’s also a golden cross. LTC could lose 10% short term but I think we’ll see the 80s possibly sooner rather than later and then from there who knows? Bull market. Anything can happen...
LTCUSD just broke out if its long term downtrendLTCUSD
Just broke out of its long term downtrend on the weekly TF, great long term long opportunity IMO.
We’ve broken and retested previous resistance
Massive bullish volume
HH & HL’s
And with BTC and ETH pushing up to all time highs, LTC is sure to follow. Multiple take profit levels from a potential 53% to 500% if we get back to where we were in 2018!
I’m now looking for a pullback to hopefully around $51 to get my entry but my do staggered entries between $51-$56 and will hold this until at least the first target of $79 for a potential 30% minimum gain.