LTCEUR trade ideas
LTCEUR240Too many lines but do we start a new 21-day LONG Position?
Another 60% of profit is within reach.
UPDATE: (previous analysis on Jan 30th) LTCEUR - Kraken - Renko Price action went a little higher than my prediction before beginning the fist dump, but so far everything is on track. The dump may go a little longer as well in this case if pattern had anything to do with it, but if I am to put my money where my mouth is, I will be buying back in around the 20th of February when price action is playing around in the 50-56 euro range expecting another pump to take place.
LTC: 1H TF bullish engulfing candleBeing in an strong uptrend and after a small retracement, LTC is gaining momentum again.
Expect a sharp rise in LTC price to €75 followed by a consolidation before reaching the €80.
LTC: possible repeating patternHi everyone,
Comparing december 2018 to december 2019, we can see that both point in time exhibit the same wave pattern.
This could end up in a double top in the coming days where the price could retrace down to 57 euros.
It would then consolidate in the same channel trend to continue its way upward....only if history repeat itself!!
Volume from both dates also display the same pattern
Noting that, if true, momentum is way more important now than last year
Comparing both dates for LTCBTC, it shows the same data in term of waves and double top pattern.
LTCEUR Last Long befor SummertimeLTC is fast on end second cycle with correction wave ABC.
Reversal wave and begin third cycle Start arround 58€.
According to cycle one and two Cycle three will last only 4 days with a maximum profit of 20 percent.
This is just a prediction not a tutorial on how to trade.
Good luck friends.
Litecoin- Will it break?**This is not financial advice. All ideas publishes are intended solely for educational purposes and discussion**
So far Litecoin has been moving up nicely reaching higher highs, the question for me is whether it will break this current position at around €65.63. From it's last low at around €46.10 it's risen by around 40% with minor corrections along the way.
Everyone seems extremely bullish at the moment and normally in the past this is where things unexpectedly take a turn.
If it does break it's current level, we could see Litecoin push to €73.30
If not, could Litecoin potentially test back low to €56.80?
I'd love to hear your own thoughts on this.
LTCEUR-daily up trend
-weekly down trend
-montlhy down trend
they need buyers to sell to so they make daily look like a buy with a big bullish candle so it gets lots of attention aka more buyers so they can sell a lot of ltc to the daily buyers
(I'm a newbie) Analysis of LTC EUR - Kraken - Renko - DailyJust learning and sharing so I can get some constructive feedback on what I am seeing and what I am not seeing in my chart analysis. If you think I am insane, that's cool. Just be sure to tell me why so I can learn :)
I am doing my best to keep things simple and follow solid trends and retracements keeping trading/market psychology in mind.
I made this analysis using Renko bars to get stronger trends on average price action. I used the green time span circles to get an idea of how the price action moves the market along and better understand where I might be able to find buy-in and take profit points. On the main chart, I pulled the time cycle from the beginning of the first large wave to the centre of the peak to get my estimated time frame for when I can expect the peak of the following wave.
In the RSI, I pulled a fib retracement from the all time high in the RSI around the beginning of 2018. This showed me that all subsequent peaks in the RSI "uptraces" to the .5 on the fib. On the most recent wave in the RSI, I pulled a fib from the peak to the newly formed low - this showed me a that all previous peaks lined up with the .618. Using the time cycles tool, I identified that the predicted peak I created on the chart lined up exactly with the predicted peak on the RSI.
LTCEURIf BTCUSD Break 9400 Then LTCEUR go to next Pattern Else begin Correction.
Disclamer : This is only Idea, not trade instrukcion
LTCEUR looks bull5-te Elliot Impulse Wave
BK 7,77 Cross on 30min
RR more than 2
This is only idea, no trade instructions.
55 EMA acting as resistanceLitecoin has broken out of its ascending triangle structure and meeting some resistance. Possible fall back to previous support.
LTC/EURLTC struggling with the 0.236 line(RED) from the 2018 May high, to 2018 dec low. I don`t remember why I set it at the may high but I remember Nic mentioning it in a video.
LTC about to form GOLDEN CROSS on 4hr-TimeframeWhen i think back to February 2019, we saw LTC as a leading indicator for the crypto market.
Back then LTC formed a Golden Cross on 4hr-timeframe, due to botactivity but ultimatley, who cares?
RSI, Momentum and the moving averages seem to behave just like in February 2019.
IF we see bots/algos/whales push LTC in a way that a golden cross will form on 4hr timeframe we might start a new bull run.
Personally, i'm still sceptical. I'm at a point that i don't know what to believe. but since we saw so many bullish signals i might just revoke my bearish take on my XRP/USD analysis LOL
