The Huge Falling Wedge - mega bullishThe multi-year resistance is coming to the end as we can see on the MACD indicator the bullish divergence. This could explode in a week or two as a start of the biggest ALT season in history.
LTCBTC trade ideas
Another take on the breakoutI've adjusted the major trend line to see where it may fall into place and its possible we have begun our trend reversal from my point of view.
LTCBTC Falling wedgeMassive potential on litecoin, if it manages to break out of this falling wedge structure on the weekly timeframe that has been building since februari 2018. Pretty easy to manage risk on the downside especially if your getting in on the lower bound of the wedge. Alternatively wait for the break or of course scale in slowly and add when conformation is given. Area to flip for support shown in red. RSI is building pressure in a triangle as well and showing bullish divergence.
Targets are clear from the weekly closes, and depending on where the break happens total potential for this falling wedge is about 450%.
Good luck
A Day time frame analysisThis is the day time frame analysis so I'm excited to see what happens in the next week.
Breakout pending?Long term breakout on falling wedge? Litecoin has been forming what seems to be a massive falling wedge that its about to break out of in the near term future.
Any thoughts on this trend analysis?
🔝LTCBTC💥WHAT IS LITECOIN?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
LTCBTC falling to 0.0018 LTCBTC tends to have 1 support and always breaks it.
It had one in 2015, and broke it in 2016 when everyone saying it will hold the support, instead if went -43% lower
It had another one in 2017, everyone saying to hold support but it already broke, currently below it and looks like it will go another 40% lower again.
This is all based on data and how it breaks supports, becareful. cheers!
LTC/BTC Pair: Monthly ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the LTC/BTC pair.
The chart is self-explanatory. LTC/BTC pair is at the apex of the descending wedge and there may be a major move coming within a month. Check out my LTCUSD chart review below. RSI and MACD also ready to make a move!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTCBTC formed triangle probably shortLTCBTC formed a triangle on the 4h chart. My opinion is that it will go down, still wait for the breakout and retest. I think it will go down to around 0.0028 in the coming days or weeks.
Disclamer: This is not financial advice.
You trade at your own risk.
104 months of LTCBTC price actionAs time goes on and Bolinger Bands of this chart get tighter over time, a possible significant price movement is expected, following news related to Litecoin adoption. Many times before in the history of Litecoin we did witness explosive price surges following the news (i.e. fake Walmart announcement). Currently, in the areas of ALL TIME LOWS, Litecoin presents some lucrative opportunities for patient SPOT BTC traders who follow capital management. Leverage trading at this point is rather not recommended. Incoming volatility and possibly large incoming volume might result in long shadow wicks on lower time frames.
LTC / BTCThe historical charts of LTC/BTC and DOGE/BTC are very similar and I expect good growth from Litecoin!
Also, DOGE is not mined separately by itself. In 2018-2019, due to inefficient mining, in order to keep the network reliable from a 51% attack, DODGE began to mined along with LTC (called merge mining).
The creator of Litecoin, Charlie Lee, publicly got rid (like the creator of DODGE) by selling all his LTC in 2018.
SO THE HISTORY OF THESE COINS IS VERY OVERLAPPING. Also, LTC will soon acquire the anonymity function, and perhaps this will contribute to the impulse growth against the background of the release of various CBDC. Well, in order for the DOGE network to become more secure for a 51% attack, need to pump Litecoin and attract even more miners with this.
LTC/BTC - 4+ YEAR FALLING WEDGE - BREAKOUT IMMINENT Although this structure is far from perfect due to the lower line being violated multiple times, its formation has been going on for over 4 years now and has also been respected many times, and this structure is still in play due to the fact that there is no significant break to either direction, yet..
LTC/ BTC is approaching the end of the apex and will soon break in one direction. Due to the falling wedge being a bullish structure, the market in extreme fear, and a general bias that history will repeat itself with altcoins going off on a final explosive run before a prolonged crypto bear market, I favor a break to the upside, however with the current geopolitical environment I think that an argument that this will break to the downside is also reasonable, along with the crypto market as a whole and the stock market of course. Either way, the falling wedge pattern is known to have a high success rate in the event of a substantial break, so I think it is safe to say we will soon have a strong move in one direction, and whether you're looking to short or long the crypto/altcoin market, LTC will likely provide a decent move.
LiteCoin Sings of Bullish ReversalLiteCoin ( BINANCE:LTCBTC ) is at or slightly below its all-time-low, sitting at a historical support line at 3000 Satoshi. The great thing about this is we're seeing a consistent RSI divergence that has been playing ever since the first time it hit 3000 Satoshi in Feb/March 2017. Every new bottom since then has has higher RSI low. Most importantly, the latest and current level has a higher RSI than all the previous bottoms. At the same time, the volume does not look too weak as is the case with dead coins. LiteCoin seems to have been changing hands or has gone through an extended period of accumulation.
I will keep watching this chart on different time scales in anticipation of a bullish move to the overhead resistance at 7000 Satoshi.
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Litecoin price could explore lower Litecoin price could explore lower as tensions between Russia and Ukraine escalate
Montlly bull div on RSILTC/BTC has been in a down trend that seems like forever. However, I see that there's a bullish divergence forming on the monthly RSI. The higher the time frame the stronger the reversal should be. This is almost a 1 year bullish divergence that happened on the monthly chart.
An example of this was a strong reversal play out in AMC. It went from about $2-$72
If all plays out LTC/BTC will likely be a great play for a long swing back for plenty of gains.
This is not financial Advice
Litecoin vs Bitcoin | The Eternal CrashLooking at this chart, I just got the feeling of never buying the Litecoin vs Bitcoin (LTCBTC) pair anymore...
We are calling this The Eternal Crash, because since March 2014 this pair has been printing lower highs and continues breaking support to hit new lows.
Litecoin vs Bitcoin
Since we have lower highs forever, let's just assume that this trend will continue.
Currently, the same support level that was tested back in March 2017 is being tested.
From this low LTCBTC grew by 700%+.
Now, the same support level is being activated.
If this level holds, a bounce to the blue trendline is almost guaranteed (green arrow).
The red arrow is a variation where Litecoin vs Bitcoin tests its All-Time Low before it bounces.
I will look at the USDT pair next...
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Will LTC take the rocket ship?I assume quite some people are waiting and hoping for Litecoin to moon, so do I. In my opinion it is the most underrated cryptocurrency in its most literal form.
I mean next to BTC and ETH, none of the altcoins have this kind of widespread adoption... and still, Bitcoins silver has almost been forgotten it seems. Unfortunately...
So the question remains, will this pretty Crypto Coin rocket anytime soon?
Honestly, I do not know and I guess nobody really knows. So lets have a look at the chart.
Actually the Chart looks amazing for a Buy in, I mean just look at the RSI -> Beautiful!!!
I think we will see very soon whether we´ll take the green pill or the red pill. In any way, there are some crucial resistances we have to overcome.
The first one being the red horizontal line ---> very important to crack this one soon, otherwise this will be our show stopper and we will follow the red path to the bottom of the purple channel.
The second one can be done in time, no need to rush ---> reaching the green box is a vital sign, especially by mid of 2022.
If everything goes according to the plan, we should be at the upper part of the purple channel by the end of 2022. (Cheese, I hope we moon by 700% by that time)
In any way, IMO Litecoin deserves a spot at the top 3, not a single spot less. But yeah, unfortunately my opinion doesn´t mean sh** to the market.
Do me a favor, treat my opinion the same way and DYOR. This is no financial advice.
What do you think will happen to LTC? Do you even like Bitcoins little Bro?
Best Regards,
Thatwalletguy
www.wallet-vergleich.de
LTCBTC - Don't miss the 7x growthBINANCE:LTCBTC triple divergence on the MACD on the 1W timeframe. This was only in 2017, after which LTC grew 7 times. Now the price is at a minimum since 2017, with a similar divergence.
At the same time, there is a strong downtrend on 1W. And if this week closes below 0.002994, there is a high probability of falling to the area of 0.002091 - 0.002464. There are also no reversal setups on 1D yet.
I plan to buy LTC 10% of the amount from the current ones. The rest of the amount is distributed in the range of the expected fall, or I will wait for a good setup on 1D to enter.
$LTC SOON MOONSir. This hasnt punped yet. LTC is the most sound form of money ever to exist. With MWEB Code complete, Bitcorn has a lot to worry about.
LTC after BTC falls to ~28KAn assumption of how litecoin will behave after bitcoin turns around in May after 31-27K.
Litecoin will not go below the 0.003 support level, will break through the long-term resistance level and may reach the 0.010-0.015 levels. It is worth considering that the next halving of the litecoin is very close...
BTC:
LTC is building a momentous move This is a monthly chart for Litecoin vs Bitcoin. The next few months could be very interesting for Litecoin as very strong coin also heading into 2023. The chart shows that LTC is at it's previous lows against BTC.
The ADX & DI is also showing momentum is being built and also has some bullish divergence happening at the moment as well.
*Disclaimer*
Not financial advice. Also this is a long term hold inpatients has no room here.
10 years of LitecoinIf the last 10 years were bearish, we are literally days from the most bullish Litecoin price action seen up to date. This is possibly THE most bullish crypto project out there at the moment.
As always: remember of your risk/reward, have a stop-loss in place, don't forget to take profits.
PA$HMAT IILTC is holding its diagonal long-term Channel and is currently sitting on the midline of this channel.
In the past, we have seen how BTC dominance has shown weakness and brought a lot of momentum to LTC.
LTC is now at a point of another bullish swing to its BTC pair. This will be a swing to the following resistance labeled as R1.
LTC Historical swings since July 8th,2020 ...
Nov 2, 2021
Sep 2, 2021
Feb 15, 2021
Jan 24, 2021
Dec 7, 2020
Oct 7, 2020
Jul 8, 2020
