Is Litecoin dead?? Probably yes...:)
Price of LTC is currently around 160USD. BUT this price is going up bcs bitcoin is growing...
Check the chart litecoin/bitcoin. This chart is still in downtrend. This is more then 3 years long downtrend!!
If (maybe not) litecoin breaks the red bearish resist then we will see big bullish rally on this coin.Targets for LTC/USD will be 500USD and more.
If not, then...in this case is better to trade another coin :)
LTCBTC trade ideas
Watching out LTCBTCAs everything is clear on the chart, you can consider long or short positions depending on what market decides to do in next hours.
With risk management you can also consider a long on consolidation between the support and resistance.
Consider the linked ideas as well.
Best Regards,
Median Eagle.
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!
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.
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.
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!
LTC ShortDailys:
LTC is ranging, recently formed a HH but then formed a LL, LH, LL. I think next logical progression is LH then back down to retest previous support at the weekly supply zone.
s3.tradingview.com
4H:
Daily, 4H supply zones line up well with 50 fib and 4H EQ level. We're possibly seeing the formation of a bear flag that'll head up before getting rejected and heading down, forming the LH on the dailys and giving us a 100% fib retracement on the weekly move.
Can't short on Spot so taken on the mex contracts, risk of low liquidity and haven't trade LTC in a long time so only taken for 0.25R
s3.tradingview.com
LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.