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LTCBTC trade ideas

LTCBCT back in rangeFailed to breakout of the descending channel after breaking out of the falling wedge. It is possible price will retest the falling wedge. On the USD pair, LTCBTC broke down from a rising widening wedge with a measured move of $64. Currently I see price bouncing around the range, and breaking down in the near future, touching bottom. Last January I outlined a path for LTCBTC and called for a bottom at 0.023-0.035, after which there will be a major bullrun, that I projected the timing with the help of a special gann fann, this idea still holds. The gann fann I designed in June 2020. All of the ideas are listed below and I suggest that they be reviewed. If you are disheartned by the drop, you shouldn't. This is the true nature of Crypto, it is volatile and volatility is money if you are prepared. Early this year I warned that LTC can retrace, and got very bad feedback from people that think price action is "up only". Price action is up and down. There will be a bullrun for LTC, it will not die, although personally I think it is a clone of BTC that has not been updated and can be replaced in the future, but it has its own network that the successful meme coin Doge uses and it has enough liquidity and quick transaction relative to BTC for LTC to be useful as currency. In fact, I believe in the next altrun LTC will outperform ETH from time to time, which warrants a flipping between ETH and LTC if you like such a play.
Short
by nagihatoum
4
Litecoin will wake upHello friends , show your love and push like button . litecoin update : it is interesting that from 5 aprils analys nothing has changed , check related ideas down below . bearish trendline is about to end , rsi shows huge positive divergence as well , bearish volume is decreasing and everything is getting ready for a bull run for litecoin , as i said manytimes i belive in supercycle and i dont consider it finished untill litecoin is above 1000 $ see you there
by mastershark
6
LTCBTC:Is the bearish cycle about to end? The trade of the year?LTCBTC, as we can see on the charts have been on a massive downtrend for a couple years. Price tried to break above the resistance line (long term trendline) but failed to stay above. For many that could be a bad sign but in my experience that usually happens often when price is showing signs that the trend could reverse, in this case, could be for the long term because the analysis is based on the higher timeframes. Important factors to mention regarding price action: Price held nicely above the Monthly demand area. Price bounced creating a weekly demand, tried to break the trend but failed and returned to its original price point. Once again, this time price managed to bounce after creating a double bottom on top of the weekly demand previously created, which aligns with the monthly demand. Price is currently sitting above a 4 hour demand area creating plenty of support. With that being said, we are soon to be facing a daily supply area (marked in red) which could either make price push down again or keep price in a range between the daily and 4 hour levels. (I do believe the daily area will be broken, taking the liquidity of the sellers in that area). The level that I will be looking the most is the Weekly supply (marked in violet) above the dynamic resistance (trendline). I do believe that that is the area that will challenge price the most. A good sign would be for price to break the dynamic resistance and in the near future end up breaking the weekly supply zone, which will make price to rally and provide massive returns to the long traders. Failure to break the daily area or get above the dynamic resistance will invalidate the idea.
Long
by AlexCashMoneyFX
1
LTC Big Move Coming??!looking at the Litecoin BTC chart and you notice a lot of price action against this downtrend support/resistance, we are currently right on this resistance and we seem to be slipping below this level, now i think we could see a potential drop in sats, we gotta be careful treading along the bottom of the bollinger bands, this could very well induce a pullback if we continue to ride the bottom. Something you notice on the bollinger bands is that we are beginning to squeeze which means volatility is shrinking and we could be in for a big run, now the only problem is that we don't get an idea of which direction, personally i think we will see the move to the upside just based on the fact that the market is waking up again and getting back into bullish mode. Looking at the pivot points we definitely have some work to do, we need to get up and above this bullish pivot point where we could get an overall trend reversal because its clear we are stuck in a downtrend since late May. Checking out the MACD we are looking a little bearish, we are coming up soon on what looks like a bearish cross unless we see an unlikely bounce, our histogram is getting close to that midpoint where we could soon see some red bars, i think this will likely be a short term pullback if we see one and then i imagine we will see LTC start to wake up a bit, very key is first of all reaching that pivot point and staying above that and also not getting stuck under this downtrend resistance! Not financial advice just my opinion!
by JacobR905
LITECOIN PARABOLIC 0.025 LTC/BTCEnglish: Litecoin is the sleeping giant. Starting in December Litecoin will start to rise quite a bit In the previous halving it has touched 0.025 LTC / BTC and a parabolic pattern has been created. Litecoin may take longer to rise than other cryptocurrencies but it is inevitable that it will end up rising and when it does, you wish you were inside. Español: Litecoin es el gigante dormido. A partir de diciembre, Litecoin comenzará a subir bastante En halving anterior ya tocó 0.025 LTC / BTC y se ha creado un patrón parabólico. Litecoin puede tardar más en subir que otras criptomonedas, pero es inevitable que termine subiendo y, cuando lo haga, desearía estar dentro.
by javipeiro
1
LTC LongLTC on the dailys had a huge spike up, formed a HH, then has bled back to a near 100% retracement with barely a recovery. I think we may form a huge Double bottom, or at least see some recovery come from the birth zone of the previous push up. CCI just had a large spike out on the dailys, good chance it'll form divergence if we come down again to form Entries are based on the Daily & 4H demand levels. But taken on the Bitmex contracts. Due to low liquidity and unknown price action at those levels, not going to set orders. Going to set alerts and act if price gets down there and I am able to take the trade. Risk dropped to 0.25R. PHAT R:R's.
Long
by rmugavin
LTC about to takeoff against BTC!!!Litecoin has been getting held down heavy with this downtrend resistance and today we are seeing a big push up and through this resistance, we could be seeing the start of LTC really starting to regain its value against bitcoin. We got a very nice bounce with the MACD our blue MA is pushing higher and starting to separate away from the orange which is a very positive sign for a nice little run. We could see our histogram start another cycle of bullish bars after we saw a pretty brutal 3 cycle bearish histogram recently. We are upcoming on a very key pivot point where we could see a flip to the bulls side, we have to make sure we secure this PP and are able to hold onto it before i could really say we are seeing a full reversal. On the very positive side we are looking at the bollinger bands and we are very close to that top band which 99.9% of the time is a very bullish sign. if we can push up into the top band we have a high chance of taking that top band for a decent ride to the upside most likely smashing us right through that pivot point and probably upto that first resistance level, i think we are going to have a bit of a slow rest of the month for crypto and mostly altcoins but i believe we could be seeing the start of the build up before we see our next leg up, which i personally think could happen in august. Not financial advice just my opinion!
Long
by JacobR905