LTCBTC trade ideas
H&S, Crown, IDK (Jan 1st 2021)Litecoin/BTC rates (January 1st 2021 through February 27th 2021)
Low: 0.004037 LTC/BTC
High: 0.005069 LTC/BTC
Is that a real H&S? :)
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
LTC / BTC posted at the top of last channel. did exactly what expected. btc pumped, this went down and the USD price stayed relatively flat. now its worthy to watch again. 2 things either happen. it bounces while BTC is pumping and LTC heads towards $150 or this line breaks as bitcoin tops off near 30k
LtcBtc Trading opportunityHello,
Since LTC price breakout from falling wedge shaded like pattern from my chart, it have been then testing the pattern neckline with immediate rejections. Presently having this test done in 4 different occasions. If price keep getting rejected above the wedge it remain bullish.
Focus on the long zone to make your trading decision. Targets are well spelled out on the chart and always remember to plan your risk accordingly.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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LTC BTC SUPER BULLISH ChartWhen LTC broke 50 SMA, 100 SMA and 200 SMA ?
1. 2013 December (Right after BTC reaches its ATH 1170 USD)
2. 2015 January (Right before first LTC halving run)
3. 2017 March (Right after BTC breaks its previous ATH 1170 USD)
4. 2017 December (Right after BTC reached its ATH 19600 USD)
5. 2019 January (Right before second LTC halving run)
6. Now (Right after BTC breaks its previous ATH 19600 USD)
Will 2021 be the year of the altcoins?Hello my crypto friend!
It looks like bitcoin dominance will decrease, and as a result, the value of altcoins will increase.
If you know me, then you know I love the Litecoin.
I think Litecoin in 2021 it will be worth more than now.
I think slowly everything is going back to pre-virus times.
This information is not a recommendation to buy or sell.
It is to be used for educational purposes only.
💡Don't miss the great buy opportunity in Litecoin/BitcoinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00480).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCBTC 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 73.
Take Profits:
TP1= @ 0.00502
TP2= @ 0.00520
TP3= @ 0.00538
TP4= @ 0.00560
TP5= @ 0.00585
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in Litecoin/BitcoinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00480).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCBTC 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 73.
Take Profits:
TP1= @ 0.00502
TP2= @ 0.00520
TP3= @ 0.00538
TP4= @ 0.00560
TP5= @ 0.00585
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 ❤️