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LTCBTC trade ideas

LTC/BTC Long (please discuss)LTC/BTC waiting for possible breakout. Wait to buy lower near the box, if breakout doesn´t occur, i´m confident that there will be another chance to sell higher. The phoenix indicator clearly shows a top, the price can still range in the upper range for more than one or two days before falling down to the box. If it doesn´t fall in the box and volume is high, i would consider buying higher to not miss the breakout, but only if there are clear indications. For now i think we will fall back a little, which is either way a good chance to buy. Please discuss - open to critique.
Long
by Tommy_bnks
LTCBTC nears year-long wedge top againIn the past week, LTCBTC broke out of the wedge of which I have been speaking for a while now, but now looks to be heading toward strong resistance as it hits near a wedge that has been forming over the past year (dashed blue lines). The wedge itself has the potential to go until either summer of 2021 or even into the end of 2021 (e.g., if the small, solid-yellow trend line breaks, which some have claimed looks like a potential descending triangle pattern), but I figure it good to bring to anyone's attention who watches litecoin. If this wedge were to break (and again, it is just an opportunity, as the wedge has potential to continue for months), the next point to watch is the long term trend which has been forming a wedge for many years. If that level ever does break upward, the potential for LTCBTC could be rather large. The current likeliest scenario that appears supported by hidden bearish divergence on RSI (white line) looks to be in favor of LTCBTC staying in the downward trend either continuing in the wedge (dashed blue lines) or potentially continuing into the descending channel (yellow dotted lines), but the current point of resistance definitely looks to be a point of interest for anyone looking for LTC breakout possibilities. A lot of the direction will likely dependend on the price of BTC, as a steep drop or a drastic reversal for BTC easily has the potential to sway LTCBTC in the downward direction.
by crypto_trends
4
LTC BTC 1 Day forecast So far we have discussed the long term 1 month outlook, and using the 1 hour chart, we have been able to track the moves coming out of this long term bottom on LTCBTC. In the 1 month chart, we can see the first major wave up as a straight line, but let’s break this potential upcoming move down a bit more using the 1 Day chart. The D and E pivots of the monthly squeeze are illustrated with the red arrows. The price is approaching the weekly resistance line and a break of this should set us up for our targets at .01- .012 BTC at the monthly resistance line for our first major wave of this long term trend reversal. We can reassess this chart after the weekly resistance line is broken convincingly. An entry between .0037 and .00392 might be ideal now. I am not using these charts to sell; but rather to help find entries for people still accumulating.
Long
by Stock_Holiday86