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LTCBTC trade ideas

Litecoin: LTCBTC/ETHBTC Q1-Q2 2021 (Bullish Scenario) TA&FAI will discuss why I think LTC is a viable hedge against Ethereum and Bitcoin going into Q1-Q2 2021. The market is currently being pumped by institutional investors trying to get a small exposure to the "blue chip" of the cryptocurrency market. This has led to the utter domination of BTC and ties into the main caveat of my thesis. This analysis is dependent on whether BTC decides to cool off and range going into 2021. Assuming that it does, I believe investors; both institutional and retail, that "missed out" will want to seek out alternative options. At the current moment, there are arguably only a couple of other options, ETH and LTC. I am aware of ADA, LINK, and DOT but we will leave those out for now due to the uncertainty of their time variable which is something that institutions (big money) will stray away from. A lot of people might argue that ETH is the clear-cut second-best option, but they fail to realize how ambitious their goal really is. With the lengthy implementation of ETH 2.0 and the large fundamental risks associated with PoS, ETH might not be the best play for institutions at the moment. I'm certainly not bearish on ETH, but I can't ignore the fact that ETH 2.0 finalization is years away from completion. Another fundamental market variable to consider is the dead giant XRP that is soaking up $9 Billion in market cap. Obviously, I don't expect LTC to capture any significant portion of the MC, but XRP falling further would give LTC its #3 spot (excluding USDT) once again. This could serve as the initial catalyst for inflow and I expect it to happen relatively soon (Q1 2021). In addition, fungibility is something Bitcoin is bad at. Litecoin is solving this. I am not saying Litecoin is better than Bitcoin. BTC will always be #1 due to its truly unique fundamentals, in my opinion. However, with Mimblewimble implementation hopefully in Q2 2021. This might be the year for LTC to once again prove that it's not dead. Once again, this is just my personal opinion and pure speculation. I am not an expert by any means and this should serve as mostly general insight for others. I hope you all enjoyed the short read. I would love to hear any opinions, thank you. Best, PyschedCrypto
Long
by PsychedCrypto
2
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, Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas Thank you.
Long
by weslad
8
💡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 ❤️
Long
by ForecastCity
11
💡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 ❤️
Long
by ForecastCity
10