LTCBTC trade ideas
Fossil coin is reviving ☠️Litecoin (one of my least favorite coin) is extremely bullish 🐃
📌 Just take a look at the weekly Komu and you will see why
📌 Correction is over and it has made a higher high.
📍 BTC Dominance is decreasing dramatically, OTHERS.D is also bearish at the moment, plus ETH dominance
✍🏼 LINK, LTC and other old coins like XMR and ZEC are looking bullish
THIS IS NOT A FINANCIAL ADVICE... 😏
LITECOIN / BITCOIN : RETEST PREVIOUS RESISTANCE AND PUMP ? ? Welcome back Traders, Investors, and Community!
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#LTCBTC 😊 +40% in one month LONG [TrendIsYourFriend]Dear LTC Friends , market correction is time to BUY deep or stick to your position!
Trend Is Your Friend , Don`t worry about side wind!
Today -20% dropdown in marcetcap is normal in crypto, this is a signal that got up strongly in the next month, don`t worry too much , keep on the bright side and ride the trend line.
Wait to the midle of month to see prediction #LTCBTC 0.0006778 or simplly +40% on your BTC balance 🙏
Regards !
BINANCE:LTCBTC
LTC/BTC POTENTIAL PARABOLIC OUTCOME (DOGE/BTC COMPARISON)The LTC/BTC ratio has the potential to move in a similar crazy parabolic fashion as has been seen for DOGE/BTC.
Its non-serious nature and reputation as a meme within the crypto community together with a social network effect from the likes of popular figures in the tech sector have made Dogecoin a popular choice among new traders using brokers such as Robinhood.
Fundamentally, Dogecoin and Litecoin make use of the same Scrypt POW mining algorithm. Litecoin and Dogecoin can be merge mined and nearly 90% of Dogecoin’s total hash rate comes from large Litecoin mining pools, with its blockchain processing around 30,000 transactions per day.
If LTC/BTC follows the same path as DOGE/BTC then the ratio could reach extremely high numbers within the range of 0.05 - 0.2 LTC/BTC. This of course does not mean that this will happen but it is interesting to see the striking resemblance between the two ratio chart patterns.
Fundamentals:
Dogecoin and Litecoin are merge mined
Both use the Scrypt POW mining algorithm
LTC is traded on Robinhood the broker popular in the US with beginners and other Reddit netizens and BTC still has room to grow in the current macrocycle and the entire crypto market cap has room to grow during the altcoin bull run as new money flows into the market.
Technicals:
LTC has a similar chart pattern compared to DOGE and therefore has a chance to play out the DOGE fractal pattern
Monthly MACD histogram is about to flip green
Bullish Divergence on weekly MACD
Stochastic RSI on the monthly is oversold
Bollinger Bands on the monthly are about to expand indicating an increase in price volatility
Monthly EMAs on the weekly are poised to cross (20 weekly EMA about to cross 50 EMA)
Monthly PSAR has flipped bullish
TL;DR
Litecoin go up, much wow!
Chikun Arise! Long LTC!"Arise, chikun, chikun arise."
Litecoin's price has been suppressed since the last bullrun (both in terms of sats and in USD). Based on the charts, I think it's about darn time that it pumps the hell up.
As you can see, LTC broke above the 2-year downward resistance (yellow line) and stayed above it despite the recent market correction. There had also been a bullish divergence before the pump (green lines).
Oh, and look at the sheer amount of volume the past several months as well. It indicates strong accumulation.
My short-term prediction is that it should at least re-test the 2018 downward resistance (purple line) which is a 50%+ pump away. If it breaks that, then we should be in for more upside. I wouldn't go that far yet though, so we'll see how it plays out once chikun touches that line. For now, that line is the target and I'm long LTC.
300% More For Litecoin? Let's Have A Look!Litecoin (LTCBTC) is now strongly bullish as it moves above the EMA100 and EMA50 price levels.
EMA100, the blue line on the chart, is being conquered today.
A close above this level daily, 0.005980 signals good strength.
Even if prices consolidate before moving higher LTCBTC is still looking great.
On this chart, I am mapping an additional 300%... You know how this goes, this is crypto... We can see 300% happen in 2-3 months or it can happen in just a week or a few days.
That's how crazy this market is.
With no experience, it is hard to trade.
For those of us with patience... We buy and we wait.
Namaste.
LTC/BTC - will history repeat itself?LTC has touched all time lows against BTC and bounced with conviction. Furthermore it broke out of a multiyear falling wedge pattern.
The exact same pattern has manifested before resulting in a very strong run.
The red boxes indicate target areas. The targets align with volume by price levels and fib retracement of the multiyear downtrend.
This is a very simple setup - no magic happening here, but that makes it more powerful, I think.
Let me now what you think in the comments
Litecoin a great opportunity (2)Hello!
Litecoin has finally broke its 616 day long wedge pattern against bitcoin.
I think this baby will fly. Look where dogecoin is, which is a meme, a joke made out of litecoin or whatever!
We broke the 50ema (red arrows) and
The vertical resistance box where price has had resistance which shows bullish rotation
If we break the 200ema and turn it to support I am quite certain we will head to 0,017 - 0,018 sats
IF we bounce back to the 5600 sats level, you can get there and risk/reward of 45!
Targets are
40%
75%
210%
Check out my Ethereum a great opportunity 2020 which just hit it the target
Not an finacial advice and always use a stop loss, or you will get your ass burned
-Jebu
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!