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LTCBTC trade ideas

LTC/BTC Pairing Combined with historic LTC/USDThis is another long term trend to be bullish on, I found this to be a great example of why I think that LTC is on its way back to where it deserves to be. The LTC/BTC pairing is interesting to follow because the price of the USD seems to go up no matter what. The price of BTC does not need to go down for LTC to gain value and rise out of this 4-5 year long descending wedge. And if/when BTC goes up? LTC often follows right behind. I have highlighted what I believe to be most of the key resistances in regards to dominance levels. Blue lines are the final levels before seeking new territories on either side. Green is where it is at today. If the LTC/BTC pairing were to chug its way back to the upper limits and 1 BTC was worth $50,000 the corresponding price of LTC would be 1250. I am not saying BTC will drop down there (I actually wish it would so I can get more). With all this being said, it is not unreasonable to think that LTC has broken out of this wedge just in time for a Christmas run up to some big numbers. All in all, as I have mentioned in my previous post, only LTC and XRP have been able to remain in the top 15 without having reached and surpassed their previous all time highs. They both have a proven stable spot in the crypto sphere, its only a matter of time before the market realizes they aren't going anywhere.
Long
by CautiousnCurious
Litecoin LTCBTC - Falling wedge + bullish divergence! (Weekly)- On the weekly scale we can spot a huge falling wedge - bullish pattern. - RSI indicator is printing a bullish divergence. - Profit target is 0.618 FIB retracement. - Litecoin can explode anytime right now! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
15
LTC - really dead coin or very overlooked potential?Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond. Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc. But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies here. When it comes to chart you can notice huge bullish divergence on RSI. Price is at historic low accumulation level. The price is close to breaking out of a falling wedge. When ( and not if ;) ) you notice volume rise, Stoch RSI to break resistance (similar to the last bull run) better fill your bags. I expect some resistance around 200 weekly MA and Anchored VWAP (blue line), but after they are broke path to the 340% and 480% gain is clear. If LTC by some miracle breaks to the new ATH (compare to BTC of course, $ ATH are certain) my target is 1.618 Fib. extension which is aprox. 860% from current level. Watch closely this trading pair and good luck! If you like analysis please consider leave a like or comment! Thanks :)
Long
by Philippe_0x
1
After LTC rally where do we come down to?LTC tested overhead, multi-year, linear resistance against bitcoin and the huge falling wedge pattern that has formed. Looks like this may be the mid-November correction like we had in 2017 (but it might not, never know for sure). I don't think we'll see a 100% retracement like the last LTC pump and that's due to the bullish news of the token, but I do believe more profit taking is in order. My look to re-accumulate is on 200 1H MA and 61.8% fib retracement where 1H RSI is near 30, somewhere around 0.00365 BTC. Totally guessing on this zone, could this be the last great buy opportunity for LTC before it breaks this 4 year old falling wedge and moons?.....
Long
by GunMoney
LTC vs BTC => Shift In Momentum Soon!Hello TradingView Family, I found LTCBTC chart interesting. Here is why. LTCBTC has been bearish for a while. HOWEVER... We can clearly see that the bearish impulse movements are getting smaller and more flat. So from a market structure perspective, this is an early alert that the buyers are losing strength. Moreover, LTCBTC is currently sitting around a strong demand zone marked in green. That being said, we know that we might have a potential reversal soon. BUT WHEN? For the buyers to take over, and the momentum to be shifted, LTCBTC needs to break above the last major high marked in gray around 0.008 If this happens and LTCBTC goes up => it means: Scenario 1 - LITECOIN UP, and BITCOIN DOWN Scenario 2 - LITECOIN UP, and BITCOIN UP with Litecoin moving up more aggressively Scenario 3 - LITECOIN DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively Which scenario is more likely to happen in your opinion? and Why? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
46
Detailed LiteCoin analysis with Glassnode and BTCHello. I believe in a rise of LiteCoin, and here I present the reasons. Contextualization Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs. Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network. However, it is noteworthy that the Lightning Network is not yet widely adopted. Some exchanges and wallets are supportive, others are not. Furthermore, although there are other cryptocurrencies with the same purpose, and which technologically might even be better (for transfer), the fact is that there is still no definitive solution for this. For example, some exchanges support Stellar Lumens (XLM) and some do not. As LiteCoin is widely adopted by most exchanges, if the individual simply wants to make a transfer without paying a high fee, Litecoin ends up breaking that branch. And in Glassnode's on-chain data, I see bullish data. So I don't see a problem with holding Litecoin. LTC/USD On the weekly chart we can see an upward expanding wedge. If the bullish cycle continues and the price breaks the last resistance of $400, the price will explode upwards with a possible high of ~500%. LTC/BTC On the graph against Bitcoin, we have a descending triangle. If the price breaks up, the next resistance is at 50% of the Fibonacci retracement, with an approximate 50% gain potential in BTC. Glassnode Analysis 1. Total USD Volume The total amount of coins transferred on-chain. Only successful transfers are counted. -> It reached the historical maximum in September/2021. He is about to retest that. 2. Number of New Addresses The number of unique addresses that appeared for the first time in a transaction of the native coin in the network. -> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs. 3. Number of Active Addresses The number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted. -> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs. 4. Price Drawdown from ATH The percent drawdown of the asset's price from the previous all-time high. -> When the value reaches the top, the whales are making considerable profit since the last support. At that time comes the dump of achievements, and it's best to get out. We haven't reached the top yet, so there's room for more climb. Summary Fundamentally speaking, Litecoin may not be the best payment method currency. Bitcoin will sooner or later have solved the transaction cost issue. However, while this does not happen, it still serves as a means of escaping high rates, because like it or not, it is widely adopted in several wallets and exchanges. In addition, some ETFs and institutional players have a portion allocated in Litecoin. and sometimes altcoins go up more than Bitcoin. Good winds!
Long
by andre_007
2
My fellow boomers. Is it....is it finally time?Breakdown for the Zoomers: The best way to determine a particular cryptocurrency's potential break out is to view it's pairing with Bitcoin. With Litecoin...that history goes back a LONG ways since it is THE OG alt coin. As you can see on the monthly chart, Litecoin has been in a falling wedge since basically it's inception. When it moves up within this wedge to test the top, it moves FAST. When it's not moving up, it is unbearably slow and bleeds bleeds bleeds. Because of this, a lot of LTC traders become frustrated by holding it because it usually underperforms against bitcoin where pretty much any other crypto would provide better returns. They end up selling but try to keep an eye on it and catch the eventual cycle up to test the wedge (this is important to understand!). The long running wedge is finally coming to an end this year. The direction LTC decides to take out of it will be a monstrous move (up or down). Considering bullish narratives (mimble wimble, grayscale, massive adoption on all exchanges, etf's, and so much more)...I'm having a difficult time imagining down. As I mentioned, there are many traders that are waiting in the midst to buy this coin and catch it's cyclical move. Coupled with the bullish narratives and the ending of this multi year wedge...this could be an absolutely biblical moment for Litecoin. A potential moment that has haunted the dreams and nightmares of the BTC maxi for years.
Long
by EhhEhhRon
2
LTC when show it shining soonthe ones that still not break the BTC. let's go! Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence. Rank #10 Coin On 399,660 watchlists Litecoin Price (LTC) $254.93 1.44% 0.004652 BTC1.17% 0.09458 ETH3.95%
Long
by doqstrader
Is it Litecoin Time?!In 2017 there was a famous video about a person in his car complaining about what happened to him because of Litecoin, although you may laugh due to this man's reaction, but in fact, what happened is very sad, the story was about this man sold his LTC then Litecoin pumped after that to the moon and reached its historic ATH of $ 350 in a short period And here we are and the same history is repeated again, Most of the new currencies/tokens achieved new peaks, but currencies like Litecoin are still sleeping, that's very strange due to we are not talking about a shit coin here, Litecoin is ranked 8 in terms of the market cap ranking. Yes, it retreated due to this inactivity, but it`s still litecoin, so let us look at the chart to see if there is hope or that there will be more decline. Since 2018 we can see LTC holding well above this blue trendline Although it creating a new LL after every rebound, but for about 3 years LTC still respect this trendline as a support line, the current movement shows LTC very close from this support line and shows 0.0034/0.0030 as a reversal zone and in the case, if LTC bulls fight bears and pushed the price up we will be able to see LTC recovery to 0.0052/0.008/0.010 and reaching these levels in the current market condition and BTC prices will be more than enough to help LTCUSDT to creat new ATH above $350, But in the case if LTC breakdown this support line and closed below 0.0030 weekly/monthly this will be very bad and scary due to next support will be around 0.0020/0.0013 which mean clear rekt if BTC dumped at the same time, Current action: i think about trading LTC from the current levels for sure with risk management with setting my sl below 0.003 in the case if LTC closed weekly below and keep an eye on it VS USDT also. Ps: This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️ Here our idea for LTCUSDT With Prediction for Next ATH. Also the buy signal we posted from $55 Good luck to all. we ask Allah reconcile and repay🙏
Long
by HamadaMark
40
$LTC LTC/BTC This time Charlie takes you to the gym #LTCCharlie famously dumped on grannies in 2017, but the world got its revenge in the form of the famous Gym Friend later. Do yourself a favour and google these facts, if not familiar yet. However, Charlie can only take so much humiliation. It is LTC's time to pump and show the world who the real chad is. LTC has a massive, massive normie portal and ramp ready. Once it starts, it is only a matter of time. The fomo will kick in. LTCUSD is around $207 at the time of writing, barely beating $200 mental barrier. The same old song and dance continues, intramarket shifts - dancing chairs, if you will. Money flows around, but hard to exit to fiat still for many. Once the old dino coins like LTC start their final pumps, the market is turning and it is time to start thinking about exit strategies as well. Do not be fooled by any talks of paradigm change. Take what the market gives to you and run. -DDD
Long
by DeadDragonsDream
3