LTCBTC trade ideas
LTCBTC - H4 - Inverse H&S ?Looks like an inverse H&S pattern.
If the neckline breaks, could lead to the purple box zone.
Wait and see
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LTC/BTC - 1Month - PUMP itI expect LTC to pump to at least .0148 at the .236 fib resistance.
I dont think people will dump Bitcoin, I just think BTC is going to consolidate for another month and this is a good time to get into LTC, especially if you were in shitcoins and missed the Bitcoin bus.
I am under the impression that even this macro triangle will break and LTC will see new ATH against BTC, but it may not be until much later when the shitcoin list gets culled and the SEC shuts down everything that had an ICO or premined coins. Its all about the decentralized network and completely open network that anyone anywhere can participate in and no one can shut it off.
I was extremely surprised to see ETH at new ATH before LTC especially with ETH having to completely start over for a 3rd time which hasnt even really gone anywhere, especially since "SELF HOSTED" Bitcoin & litecoin collateralized loans and interest bearing accounts have been functioning on chain live for 3 years already. Just look at ABRA. No need to get caught in shitcoin ponzi schemes when Gold and Silver of crypto are so much better in every aspect.
LTCBTC almost completed big Butterfly move | Upto 400% expectedOn the long-term weekly chart, the price action of the Litecoin has almost completed last leg of bullish Butterfly pattern and soon it will be entered in potential reversal zone. I have placed the pattern up to 1.618 Fib only for the educational purpose otherwise it is not possible that the priceline may enter in negative zone. Previously I shared an idea of litecoin’s big bullish BAT, so the maximum extent of the potential reversal zone can be considered as the maximum buying zone for this Butterfly move as well.
Stop loss:
The maximum extent of the potential reversal zone can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 400%, and the loss possibility is only 19%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
Litecoin needs some key support Litecoin gained major uplift yesterday and has been on the return journey to retest the previous breakout region.
We should see a major bounce as it is currently seating on the 50 EMA.
LTCBTC can start the chain reaction of harmonic bullish movesSupport and resistance levels:
In LTC with USD pair, on the long-term weekly time frame chart, the pricline of Litecoin has been rejected by $170 resistance and now moving between $140 support to $170 resistance levels.
Up channel:
On the daily time frame chart, the price action of LTC has been bounced from the support of an up-channel and now moving towards resistance of this channel.
Down channel:
Now if we switch to the LTC with BTC pair chart, then on weekly time frame, the price action has formed a down channel and reached at the support. Here the bollinger bands is getting squeezed that is indicating that soon the price action of LTC can break down the support or move to the upside for the breakout.
Bullish Shark:
While the price action is at the support of down channel, on the weekly chart it has also formed a complete bullish Shark pattern and entered in potential reversal zone.
Bullish Butterfly:
On the same weekly chart, with Bitcoin pair, the price action of Litecoin is completing final leg of bullish Butterfly it has retraced upto 1.269 Fibonacci and when it will be moved little bit more down and retrace at least 1.27 Fibonacci level then the pattern will be completed. This Butterfly is bigger than the previous Shark move.
Bullish BAT:
On the bigger time frame 2 month time period chart, the price action of LTC with Bitcoin pair has completed bullish BAT pattern and entered in potential reversal zone.
Conclusion:
The price action has strong support of a down channel and completed different harmonic moves in different time frames in Bitcoin market. These harmonic moves can start the bullish divergence like a chain reaction. The smaller harmonic bullish move can trigger the bigger one and this bullish harmonic chain reaction can lead the priceline of LTC to hit at least the previous highest price in the Bitcoin market that was 0.052 as per Bitfinex exchange in 2013. And if at that time the price of Bitcoin would be at $40000 then the price of LTC can be expected at $2000.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.004440
TP2= @ 0.004590
TP3= @ 0.004820
TP4= @ 0.005120
TP5= @ 0.005610
SL= Break below S2
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💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.004440
TP2= @ 0.004590
TP3= @ 0.004820
TP4= @ 0.005120
TP5= @ 0.005610
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LTC v BTC - just longcomments on the chart - and it looks great :)
with super-bullish market sentiment and alts popping left and right, it's only a matter of time.
Historically Litecoin's rallies were very violent didn't provide good dips to buy into. This time will not be different.
$LTC/BTC 2h (Binance Spot) Falling wedge breakoutLitecoin is looking bullish again since it broke-out upwards, let's try to catch the pull-back.
Current Price= 0.004010
Buy Entry= 0.003942 - 0.003836
Take Profit= 0.004198 | 0.004573 | 0.004860
Stop Loss= 0.003580
Risk/Reward= 1:1 | 1:2.21 | 1:3.14
Expected Profit= +7.95% | +17.59% | +24.97%
Possible Loss= -7.95%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
Signal after a long time!It has a good volume, passed resistance and trend line. Seem good to buy!
You can buy in between black line prices with red line stop and blue line targets!
Hope we get profits :)
LTCBTC forme big BAT | Upto 593% profit expectedHi friends hope you are well and welcome to the new update on Litecoin.
On the long-term 2 month time period chart, the price action of the LTC has completed the final leg of bullish BAT and entered in potential reversal zone.
Possible profit and loss ratio:
This trade has a profit possibility of 593% and the loss possibility is only 46%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
Will litecoin really be the silver of crypto?If the wedge breaks up the outperformance against bitcoin could be a great trade.
LTCBTC bounced off this long broken downtrend.We can see that the pair bounced off this long broken downtrend.
We know that this pair is evolving in a very frustrating way : continual declines which evolve over several years, leading to an accumulation of Strong Hands and a sudden rise to 0.015-0.020 in a few weeks, of course fueled by a massive FOMO. (this is also why Litecoin is very interesting in terms of trading).
We also note that the recent fall of January 10 broke the ascending channel that it had been drawing for 2 months, without going back below my downtrend line. I have something interesting there.
Do not hesitate to comment and to leave me your impression.
This is obviously only an observation of a very amateur trader, but who has a lot of LTC, and can not be used as financial advice ...
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On peut constater que la paire à rebondi sur cette longue tendance baissière brisée.
On sait que cette paire évolue de manière très frustrante : des baisses continuelles qui évoluent sur plusieurs années, amenant à une accumulation des Strong Hands et brutalement une remontée vers les 0.015-0.020 en quelques semaines alimentée bien entendu par un FOMO massif. (c'est aussi pour cela que Litecoin est très interressant sur le plan du trading).
On note aussi que la récente baisse du 10 janvier a cassé le canal ascendant quelle dessinait depuis 2 mois, sans pour autant repartir sous ma ligne de tendance baissière. J'y la quelque chose d'intéressant.
N'hésitez pas à commenter et à me laisser votre impression.
Ceci n'est évidement qu'une constatation d'un trader très amateur, mais qui possède beaucoup de LTC, et ne saurait servir de conseil financier...
Litecoin 1.618 Bull BreakPotential bull break once 1.618 circle is hit
As seen in the previous touch of this 1.618 of the circle
I am long LTC.
LTCBTCThere's been an increase in volume lately, it's been two years since its last big move, yet LTC hasn't had big move compared to BTC
LTCBTC | Possible Long ScenarioLTC looks at support levels against both BTC and ETH pair. Therefore, converted some BTC to LTC for this position.
