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LTCBTC trade ideas

LTC Tests Bouncing Support Against BTCLTC is once again testing its support against BTC for the trend line that it has been bouncing off of since November (red line). So far each time it has come near this trend, a significant breakout has occurred for either Litecoin and/or Bitcoin (although sometimes it has been short-lived). There is of course the possibility that the trend line finally breaks and LTC loses the race and heads into a downward channel, but I suppose it is soon time once again to see if the fifth time is the charm for that bounce (or seventh time considering how close you consider the bounce), particularly as it is also once again approaching a wedge (against the green line) indicating a likely move one way or another in the next few days.
Long
by crypto_trends
8
Litecoin is ready to outphase the bitcoin - 500%+Hello Everyone, Let's dive into Litecoin. Litecoin is almost at the end of the bearish bitcoin cycle. MACD making an healthy reverse. We do know by the history on LTC that as per every cycle, LTC yet to outperform the BTC. We have the lot of news yet to make on LTC. Especially MIMBLEWIMBLE for scalability and privacy on the network. This might act as a catalyst for the Litecoin too. As per the technicals: Entry point: 0.03 - 0.04 1st Target: 0.006 sats 2nd Target: 0.01 sats 3rd Target: 0.02 sats Final Target: 0.025 sats Play smart. Hold for the Long cycle to get better returns.
Long
by srinath1908
1
The LTC/BTC Conundrum Well well well, at this point, everyone is probably losing patience with Litecoin. But selling now might end up being a huge mistake, even though I am also tempted to do so. I even feel like there are some other coins that could provide better opportunities for the final leg of this bull market. Nevertheless, I'm holding this as a trading position, with the sole intention of selling to increase my other positions (Ethereum, in particular). I have other coins for "moonshot" gains. I do think it's important to watch Litecoin, as a canary in the coal mine for the performance of other altcoins, and particularly Bitcoin dominance. Dominance has still not broken below the 60% level. If it does, I think LTC/BTC will do well. This chart shows the Litecoin/Bitcoin ratio for the last 7 years. We can clearly see that there are short periods of impressive ratio improvement, often followed by very long periods of decline. The weekly MACD is losing momentum to the sell side, and is on big upside move away from confirming a bullish cycle. The yellow vertical lines mark Litecoin halvings. The halving is the moment when the block reward for mining decreases by half. Therefore, it requires more energy to produce the same amount of Litecoin. It becomes more scarce as a result. This is the same principle behind Bitcoin's price appreciation over time. A major difference between the two cryptocurrencies is actually that Litecoin is MORE expensive to produce, due to the Scrypt algorithm, which is more complex than the algorithm Bitcoin uses. Although transactions are comparatively cheap, it is more expensive to produce. This does not make it particularly attractive for me, but I decided to jump at this trading opportunity. Despite its drawbacks, Litecoin does offer some advantages over other top cryptocurrencies, and there are reasons to see it as undervalued within the market: 1) It has the Bitcoin brand, and staying power. 2) Strong economics, with a supply of only 84 million coins, and halvings built into its design. 3) There will be a privacy layer implemented this year. The code has just been released. Can be a short-term catalyst. 4) Compared with Bitcoin and Ethereum, it's cheaper and faster to send. 5) Demand clearly exists for Litecoin at the institutional level. For the past few weeks, Grayscale has been selling some Bitcoin and Ethereum in favor of more Litecoin. From a market cycle perspective, I'm waiting to see if Litecoin moves up here on the ratio, just as it did 4 years ago in March. What seems different here is that Bitcoin appears to be further along in its own cycle than it was in March, 2017. This has pulled Litecoin price up, though the ratio continues to stagnate and buckle under what seems to be unrelenting sell pressure. In 2017, Bitcoin had only just started breaking its previous all-time-high, and as LTC declined on the ratio, it didn't move up at all in USD value. So, Litecoin is actually in a better position against the dollar than it was 18 months after its 2015 halving. Here, Bitcoin are roughly 3x its previous ATH already. This has helped boost LTC price. As marked by the blue lines on my chart, the March 18 months after the previous halving is when Litecoin began to outperform Bitcoin. Here's the LTC/USD chart from the previous cycle, showing the stagnation until March: Something else to watch: The on-balance volume is declining as the ratio declines. This tells me the selling momentum is real on this pair. People are letting go of their Litecoin. However, there is accumulation occurring on the USD pair. To me this means that LTC is in a long term decline against Bitcoin, and that it may not ever reach a new high on the ratio. This is one of the reasons I'm looking at this as a trade, and not a long term investment. If the ratio goes up soon, it will need to be on the back of massive whale activity. This is needed to overcome the strong selling pressure. If you look at my previous analysis, I am also looking at LTC's performance against Ethereum. My trade was to add to my LTC position with ETH at the green X. I am waiting to exit once Litecoin confirms a new cycle. We'll see what happens! History might not repeat, but as I listed above, there are several reasons to be bullish. I plan to take profit in stages. This is not financial advice! Anything I write on here should be taken purely as documentation of my own experience in this market. This is meant for speculation, education, and entertainment only. -Victor Cobra
Long
by VictorCobra
18
Long term Idea for LitecoinLong term Idea on the monthly chart for litecoin. This is a two year outlook so patients is key. Look at the chart... Is time to sell or buy litecoin? Litecoin is at historic lows against Bitcoin , it's time to buy. Most people won't like this chart as it's not a get rich quick scheme. What it is though, is a path to victory with a series of small wins. *You want to get rich quick, play the lottery. Investing is smart money working for you with patients.*
Long
by WeAreSat0shi
Litecoin - HUGE Weekly Bullish Divergence $LTC Litecoin is brewing & preparing a huge move against Bitcoin with weekly RSI bullish divergence which began all the way back in *MAY* last year, once Bitcoin cools off and finds a range & we see a LTC/BTC daily trend change I expect a MASSIVE Litecoin move both on the BTC & USD pairings, if you don't have any Litecoin exposure you're seriously going to regret this in the months to come. Whilst Bitcoin & Ethereum have broken their USD 2017 ATH's, Litecoin is lagging way behind with a +86% to achieve this. Buy with patience.
Long
by CRSpencer93
Litecoin to Outperform BitcoinWhen looking at the Litecoin to Bitcoin ratio chart ( BINANCE:LTCBTC ), it suggests that Litecoin will outperform Bitcoin in the near-term. We see our breakout, retest, and now it's SCOTCH time. Let's take advantage of this! The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Long
by jstrasburger
LTC/BTC - BB Squeeze—-Pressure is Building.Hello Traders, Questions will be answered this week for LTC/BTC. We have some major pressure building between the squeeze we’re seeing on the chart. Looking at previous BB Squeezes, we can see it was a matter of time before it finally broke to the upside. I want to believe that the MimbleWimble release will be the catalyst to send LTC to the moon. But from my experience, a coin will usually see the effects of news releases in the weeks and days before, so if it hasn’t gone off yet, then it may not provide the effect that we were hoping for. But depending on how well BTC continues to perform this week, will be a good determining factor of how LTC will finish this week and start next week. For now, I am still holding and I will continue to hold until the market tells me other wise. Good luck!
Long
by MarkStPeter
LTC - No brainer - 400%+ (No Laughing Matter) Let's Go!Hello Traders, History doesn't always repeat itself but god damn, I will not let myself once again be proved wrong by not getting in on these historically low prices. I mean honestly, look at the swings, we are at the bottom, just like many times before. Buy low, sell high, it's the mantra all traders live by. Yes, I know, some of you want instant gains, and that's fine, other traders will gladly take your liquidity --- straight to the bank, AKA their metamask wallet... Don't fall victim to FOMO. Buy, hold, and realize. Also, trade with BTC pair, if your goal is to accumulate BTC. Smart money buys with the long game in mind. Accumulate, accumulate, accumulate. Simple. Good luck!
Long
by MarkStPeter
2
LTCBTC huge trading opportunity! Final update.Check out my recent updates for LTC. This is the third and final part. The MACD indicator on the MONTHLY LTCBTC chart looks to have a bullish crossover imminent. This means that there will be a shift in momentum from the downside to the upside. It will be hard to break this crossover due to it being on a monthly scale. My final thoughts for litecoin are bullish and I believe that it will outperform bitcoin in the mid-long term. Best of luck.
Long
by Barrenbull
1
Litecoin 'As above so below' ...the end of a 7 year correctionThis is an update to my last big picture Litecoin chart "For those who can see the Lite shall witness the phoenix ARIZE" (linked in related ideas) which illustrates the potential upside that lies ahead. It is said that elliot wave analysis (when done properly) has the ability to forecast major bottoms (or tops) precisely to the tick. As I have improved my skills over the years, I have personally experienced this. This may be one of those occasions. But enough about me, lets talk about the chart. The above is a 3d chart--lets take a look at things further by zooming in and zooming out. First, the 1d chart can show us the lower time frame conclusion of what, quite astonishingly and beautifully, is a lower degree terminal (waves 2 and 4 overlap) within an extended 5th wave terminal within an extended 5th wave terminal!!! Such is the fractal nature of markets, and at it's core the basis of why elliot wave (and really all forms of TA) work. Also, a nice bull div on rsi: Next, zooming out, we have the big picture on the 1 week chart. Here you can see we have concluded a 7+ year correction...meditate on that. Also, note the massive bull div on RSI (other bull divs as well not shown): Welp, I got my popcorn ready. Wouldn't surprise me if she starts out nice and slow then things get real wild as we eventually start breaking all the previous major highs on the ratio, regardless I'd say the bottom is in. gluck
Long
by ltc-joe
26
LTC once again bounced off of trend against BTCLTCBTC once again bounced off a trend line against BTC after riding a breakout downward. This is roughly the fourth time this bounce occurred in the past month and a half. The first two instances triggered good trends for BTC and the last instance signaled the end of the latest retracement. Here is hoping it is a good sign for both BTC and LTC once again. There is still a possibility for it to fizzle out (like it did somewhat in late February, particularly if BTC takes a dip), but it is also a possibility that it could be leading the trend once again for BTC once again, so I figure it is something to keep an eye on in the case that it continues to rise.
Long
by crypto_trends