LTCBTC trade ideas
Broken down trend After years of losing ground to BTW LTC is showing signs of recovery.
as shown here LTC was able to climb up against the strong BTC and is at the brink of breaking its downtrend.
if this happens it's going to be as shaken champagne because this trend originates as from beginning 2018.
As a true crypto currency and not a S-Coin and because LTC has four times more coins then BTC ,it had the potential to be 25% the value of BTC.
certainly now Crypto currency are becoming accepted
on the short term a 25% recovery would not be a surprise to me but it has the potential to take back much more think 100% or more.
Also LTC is one of the few Currencies that's on Binance US with an BTC pair ,
meaning if it's start to go it goes crazy like XRP sometime,s does.
the difference is that is a true S-coin and a danger to the sector while Litecoin can be considered save.
LTCBTC year long wedge breaks upwardsIt looks like LTCBTC has managed to break resistance of a wedge that has been forming since 2019 (blue dashed line zoomed in, see my previous posts for details about this resistance level).
There is still a bit of resistance above the current ascending channel (dotted yellow line), but the target now looks to be a much longer "years-long" wedge that has been forming for quite a while. Due to the distance between these wedges, there is still quite a bit of potential for LTC to continue its push against its older sibling BTC over the next few months, so it definitely looks like a good trend to watch for anyone following LTC.
Litecoin Falling Wedge Pattern - Ready for massive breakoutLitecoin completion of the falling wedge formation is indicating a massive breakout about to happen on the upside.
Grayscale and other funds have heavily bought into litecoin in the past few months. Expect the first target to be around $518 followed by higher targets.
LTC looking primed to outperform BTC on the monthlyAfter a long downtrend on LTC/BTC, LTC is looking primed to finally break out of the falling wedge. Just a little chart I put together. Trade at your own risk!
History tends to repeat at the 300 MAOld but not very seriously taken Litecoin is about to show its face.
today while btc has made an new high again LTC is gaining against it.
I've been looking at it for days and am now almost sure it will gain at least 80% against BTC.
taking back what was oversold to BTC.
as LTC has 4 times more coins it has the potential to be 25% of BTC's value.
of course that's not what we can expect but as crypto is being taken more seriously today,
I believe Litecoin is still undervalued while most are overvalued at this time of writing.
LTC is on the move and here are the levels I expectBeen following LTC for several years to learn how it moves.
Not gonna be always right, and dot not intend to be.
Let's hope some of these levels play out.
LTC/BTC bored counterAs mention as silver so-called crypto, LTCBTC shown only sideway with no known price targetted.
Hodl as many as you can.
LTC/BTC LONGLooking at pair LTC/BTC we can spot an amazing opportunity. Litecoin basically floored at 3260 satoshis which the lowest it's been in over 3 years. We can see it is forming a nice cup and handle pattern with the upper resistance line creating the neckline of the pattern. A break above 5000-5300 satoshis (weekly resistance) would result in price going back to 7000+ satoshi.
Next thing we can see is price moving above the 200 day EMA (red line) which is bullish. We are now retesting the 200EMA... .
With Bitcoin dominance falling lower I can see LTC/BTC growing massively. Volume is kicking in, let's see what happens.
Not financial advice , just sharing my opinion.
10x possible for LTC/BTCafter really strong bear run and long accumulation of LTC/BTC, it seems like LTC hit bottom and found its support. I really see a long opportunity of LTC against BTC.
$LTC - Flip 3600 sats and we will finally smash ATH's on $ pairLTC is mega bullish rn
Dollar pair has a bullish pennant very close to breaking
BTC pair has almost hit all time lows, with a reversal pending
Could also argue major bulldivs on the 1W TF here
If we claim that thick black line, around 3600 sats, we should flip the trendline and add extra fuel to the dollar pair to send it past $300
As-long as BTC can continue ranging and not dump this should play out!
LTCBTC look amazingHave you ever did an analysis and at the end you found yourself laughing. Well, here it is. LTC has good potential to double your asset very easily, once we broke out the descending channel gains will be amazing.
Weekly time frame shows that there is no humps in the up so let's see the rocket launching.
Happy profitable trading day. Cya at the moon 🚀🚀
Litecoin (LTC) - Is this not Bullish or What?Last week I had posted a LTCUSDT chart outling the massive cup and & handle pattern Litecoin was forming which has since broken bullish. While are are up $50 since, I think it still has quite some way to go. A reasonable mid-term target is $360 to test the previous all time highs. Litecoin thus far has been one of the few coins that have yet to broken it's previous 2018 highs. We had Bitcoin break it's first, then Ethereum, and then Cardano & Binance. It's very probable that Litecoin is the next in line.
If you think the LTC/USDT looked bullish, LTC/BTC chart looks even more bullish. It has been in a massive weekly descending triangle that has gotten extremely tight. Furthermore the last few months we been seeing increasing volume (sign of accumulation) anticipating this break out. On the fundamental side, Litecoin is also about the release it's long awaited Mimble Wimble update, a project that they been working on for around 2 years. With Mimble Wimble, Litecoin will not only be just a faster and cheaper version of bitcoin, but also have the option to send payments confidentially. This should provide additional fuel to go further. In fact it wouldn't surprise me if Litecoin shoots pass $500 once it decides to move.
The caveat is that the overall crypto bulllish sentiment remains intact. As we seen before, if Bitcoin dump pretty much everything else goes with it. But if you are bullish Bitcoin and crypto; Litecoin is my number one pick.
