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Ltcusdshort

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
BITFINEX:LTCUSDShort
by JAN360
5
#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 ) Do hit the like button if you like my setups and Follow me for more future updates and highly profitable setups. #PEACE
Long
by Cryptorphic
12
LTCUSD - SHORT TO $125 OR LONG TO $240Don't get confused by my chart, we have two possible scenarios in this chart🙄. Look closely, we have a double top (M pattern) confirming a sell to $125 and a double bottom (W pattern) confirming a buy to $240. I guess you can see it now😲 As we all know, the two can't occur at the same time. Therefore we need a confirmation to tell us which one the market is eventually going for. HOW DO WE KNOW THIS?🤔 We can see price approaching the lower trendline at $178. If price break the trendline downward, we go for a sell to $125. But if price is unable to break that price and it begins to go up, then we aim for $240. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BITFINEX:LTCUSD
by PetrockFxTrading
6
LTCUSD - Short to $215 or long to $260As seen on the chart, we have a double top pattern (the M pattern) which signals price to fall back to the previous support line at $220 which is the lower trendline. Also, a trendline breakout upward may occur, and push price upward to $260 What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
BITFINEX:LTCUSDShort
by PetrockFxTrading
11
LTCUSD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
BINANCE:LTCUSDShort
by GWBFX
1
LTC "W" Pattern Completed, May Go for CorrectionHello Dear Traders, LTC performed great in this altseason, we also called it from 60, all Targets achieved in few weeks. as u can see in chart LTC is facing heavy selling pressure form weekly supply zone. Last week candle closed strong bearish and its indicating reversal frm here. Also it successfully completed W Chart pattern, now its time for healthy correction towards 80-100$ again. As we know Crypto is getting huge adoption worldwide, if something magical happens then only my idea of LTC will get invalidated. Chart is clearly indicating next few weeks will be bearish.
Short
by mbn_global
1
LTC chart analysis 6/03/21LTC can do both way. Its slow selling trend is not over yet but strong selling trend is over. Its strong first buying trend is over but second buying trend is not over. FIRST BUYING TREND LINE From first buying trend started on 1st feb and lasted till 23rd feb and on 23rd feb its daily candle closes below the trend line meaning buying trend is over. On the same day it went up from $157 to $173 and continued buying (high $205) till it touches the first trend line at $200 (on 25th feb) and then bounced back from that as it becomes resistance. so this strong buying trend is over as market fell by touching this trend line. SECOND BUY TREND LINE on 23rd feb it fell down from $208 to $157 and then it was bought from $157 to $205 and forming 2nd buying trend line. on 28th feb market went below this 2nd buying trend line all the way low $152 but closes above trend line showing that this trend line is still honored and continued its 2nd buying tend up to $196 in just 4 days giving 35% potential profit. now market is above this 2nd trend line. FIRST SELLING TREND LINE 1st strong selling trend starts on 20th feb falling from $247 and continues till 28th feb touching $152 and on 1st march its first selling trend was over as daily candle closed above the selling trend line at $175 signaling that first selling trend is over and it is bought till touches $196. SECOND SELLING TREND Second selling trend starts on 4th march when it started selling from $196 to $168 on 5th march. now it is on the edge of 2nd selling trend line and 2nd buying trend. if it closes above this 2nd selling trend line than it can go to $203, $230 and last target will be $247 and if it closes bleow the 2nd trend ine then it can sell down to $162, $150 and final support will be $121. FOLLOW THE CHART IF YOU WANT TO TRADE LTC.
by cryptomania0786
2