LTCETH trade ideas
But LTC Sell ETH - No commentSupply supply supply...
Aint no coins!!!
S/L 10500
R/R 27.65
T/P 16000
Exchange subjective setup...from an objective point of view... Shhhhh!!! ;)
Idea: 4 hr chart, expect extreme volatility in the next 72 hours
Everyone know there is a big supply for coin elephant in the room conundrum; this will be grabbing attention soon
do you trust these price for coin... Really?!
HODL your keys HODL your coins bih'
54 m/a just a fib #
LTC to outperform ETH in the next yearSince 1.5 year, ETH has been outperforming LTC. From 0.57 ETH, LTC is now valuing 0.11 ETH.
In this period, ETH went from 240$ (June 2019) and 1870$ (today). 780% growth.
On LTC side, we went from 120$ (June 2019) to 220$ (today). ONLY 83% growth.
Greyscale is now charging a 1500% premium to buy LTC from them.
We can see the Chikun is getting ready.
For that reason, I'm switching my ETH to LTC today.
LTCETH Bull Flag on the Daily - Good days aheadWe've heard about LTC/BTC bottoming out for the last couple months and about LTC/USD not testing its previous ATH yet and both of those being bullish, here's another formation to keep track of as we get LTC to catch up a bit. LTC/ETH on the daily is looking primed for a break out of this bull flag. Assuming we breach upper support at about ~ .13 (LTC/ETH) ish, this baby should fly. Especially if this chart lines up with the other two charts we've seen, we could have some HUGE days ahead. Hang tight - Charlies our father.
Decision time on break out about a week or a little bit longer.
LTCETH Local S/R| POCS/R| Price Action| Volume Profile Evening Traders,
Todays analysis – LTCETH- trading above its Local S/R where a dewviation to the Daily Level is probable,
Points to consider
- Price Action Impulsive
- Local S/R Support Confluence
(POC and 21 EMA)
- Daily S/R Objective
- Increasing Volume
LTCETH’s immediate price action is impulsive, trading at a key location with technical confluence being the POC and 21 EMA, this allows for a bullish bias.
The Daily S/R is objective, exceeding this level will increase the probability of a trend change.
The current volume profile is suggestive of an influx, being above average is healthy for a strong diversion.
Overall, in my opinion, LTCETH is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Did I make the right decision to sell LTC? I think so...Value vs. ETH has tanked...should have waited a couple of days to get a better exchange value, but I stand by my decision...Better to be holding things like BTC and ETH, though at times I can imagine myself holding LTC for a trade, and I have already done it once since selling long term holdings. Will probably do it again at some point, but only for a short duration.
LTC outperformed ETH at times during the 2017 bull; 2021?It looks like from June to Dec 2017 that LTC outperformed ETH as the LTC:ETH ration went from 0.1 to 0.6. The ratio is now 0.1167 and is bottoming. I suspect when ETH passes $1420 soon, then it's moonshot after will pull a lot of alts up with it including LTC. LTC has a smaller market cap $10 B versus $144 B for ETH. Thus it should take much less fiat to move LTC's price than ETH's price.
LTC / ETH near range lowsBuying LTC near the lows of this range could be a great opportunity for anyone wishing to make more ETH. BTC topping out could be a catalyst for large gains in LTC vs. ETH as any retracement in BTC is likely to negatively affect ETH's USD value more than that of most altcoins. An ideal entry would be to buy a reclaim of the lows after capitulation.
Interesting Bottoming Formation on LTC/ETHNo, I'm not telling you that LTC will outperform ETH, the chart is telling us that...I would be cautious about converting ETH to LTC myself, but it does mean that if this trend continues, those that have a few too many LTC might consider using this as a means of converting either to BTC or ETH, but maintaining a core position if they think that LTC has a future.