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LTCBTC trade ideas

LTC IMPORTANT UPDATE 👉 First At All Let Me Explain The Structure Of Elliot Theory : Each Elliot Cycle Including 5 Waves ( Waves 1 ,3 ,5 Are Impulsive And 2 ,4 Corrective) 📍 The LITECOIN Price Completed First Wave At 5400 ,Now The Price Trying To Complete Second Wave (Corrective Wave) 📥 At The Moment We Have a Beautiful ABC Correction Which Made a Strong PRZ Zone At 4300 📌 We Expect The Price Bounce From This Level ,If The LITECOIN Price Breakout From The 4950 (Wave B Pivot) Third Strong Impulsive Wave Will Confirm 🔥 You Can Add More At This Area ,Don’t Forget Usually Wave 3 Is a Strongest Impulsive Wave ,So We Will Have a Big Gain By This Wave
Long
by Bullish_Traders
2
The LTCBTC Chikun Egg just be hatchingI see this and I am obviously biased, but it's really hard to see a bearish scenario here. When I say "hatching" I mean Litecoin/BTC has broken through some serious resistance above the 50W EMA. If we see another weekly close above here that would be mega bullish. First, lets looks at resistances. Drawn in purple dotted lines are the first short term resistance I see LTC encountering. Prior resistance was briefly broken on last weeks high wick compared to the high during the week of December 21, 2020, thus creating a very small higher high. Up next is breaking through and closing above .005 which is the most immediate resistance point we have to face (no line drawn). It's worth noting that in the short term while the 21W EMA (blue) recovers we may at some point retest it. Right now we're battling with the 50W though. If history is any indicator, the last time LTCBTC touched .003 in Feb 2017, the 21W EMA violently went up against and above the 50W, we could see similar price/ratio action here in the coming weeks. It may not last long though, again if history is any indicator. LTCBTC seems to unfortunately spend most of its time under the 50W EMA, it has been major resistance since June 2019. The fact that we are breaking through it is MEGA bullish to me. Screw the recent selloff we saw in the last few days lol. Some more upcoming resistance that is noteworthy is around .008 which is confluent resistance with Feb 2020 highs and also the 200W EMA. That will make it harder to break through, but in my eyes, it's just a matter of time before we have the pleasure of testing it soon. The 200W EMA will be a monster to break through but if we clear it OH MAN am I getting a girlfriend. I don't have a lot to say about support levels since we haven't created much in the way of support yet. The first support would be created at the 50W EMA but so far that would be weak, the stronger support would be around the 21W EMA. I'm not sure how good of TA this is, but the MAC'D seems to be in a long term equilibrium, and as we see it begin to narrow down and break out, this may take off like it has in the past. Lastly, one of my favorite things to see here is the RSI. Not much explanation is needed, just look at that 'beaut. That Brontosaurus head peeking through the tops of the tree-line is quite majestic if I do say so myself. All of these factors converging leave me no choice but to be bullish. Leave your thoughts below This is not financial advice to buy/sell/hold Litecoin or Bitcoin. This is meant for your entertainment only, viewer discretion is advised.
Long
by jbutler7
4
LTC & BTC Cyclical NatureJust as sine and cosine exhibit identical periods of rotation, but remain offset to a certain degree, LTC and BTC exist in a similar manner. If BTC = digital gold, then LTC = digital silver. LTC was born from BTC's source code, albeit slightly modified. Some notable changes are faster block times and a lighter mining algorithm. The consequences of these changes are not important for this post. What matters are the similarities. LTC has a fixed maximum supply, just as BTC. LTC also has a halving every 4 years. The result of these constants are LTC & BTC oscillating through their respective 4 year cycles in a slightly offset manner. In the chart notice that the LTC halving (black) and the BTC halving (orange) are offset, but still 4 years apart. Notice how the respective peaks of LTC and BTC occur in the same fashion 4 years apart. A picture is worth a thousand words, so analyze the chart instead of reading my explanation. Words simply do not do It justice. Yes, in the chart the sample size of market cycles = 2. The past is not a predictor of the future. Nonetheless, this is interesting and IF it holds true that fundamentally changes the way crypto differentiates itself from legacy stocks. There is unimpeded cyclicality, instead of massive boom periods followed by sharp recessions. Order, mediocristan, antifragility, has been restored.
by Riester
LTC/BTC now 65% up from our entry and still supper bullish#LTCBTC Profit Update:- #LTCBTC currently trading at around 5300 So now 65% up from our entry and still more rooms for upward. Entry:- 3300 ✅ TP1:- 4456 ✅ TP2:- 5400 ✅ TPs :-Pending Still I am expecting big move in coming days but guys don’t forget to book profit partially. Support: 4600/4000 Resistance: 5400/7808/11397/17461/25059/36661 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by CryptoPatel
6