LTCEUR trade ideas
Litecoinmy think to litecoins future is very green.
One more strong resistance to go.
I think markets has enough momentum to break resistance, but if not litecoin (in my opinion) goes to last months average and in future has big potential to go up and break resistances.
Comment if something is horribly wrong in my thinking.
Rising WedgeLooking at the chart in a one hour view we can see a rising wedge forming, normally this results in a downturn in the price, and with lack of volume its possible that we move down from this formation.
But as always ETH is tied with BTC, so we have to watch both to understand were we are to go.
Its a wait and see game as normal but we have broken the down trend from the ATH and moving up.
If we zoom out to a daily view we can see the formation of an inverse Head and Solders pattern , which normally means we go up.
We have tried to break the Fib level of 0.38 ( the white line) at least four times but what is missing is volume. So next we should move back up to the top of the wedge round about 30.31, that is if we break the 0.38 Fib level.
Just an analysis and not trade advice, still learning
Please like, i need them so i can comment on others ideas.
Wolf
LTCEUR DailyAscending triangle on the daily LTCEUR.
Green 2 went above a green 1 on the TD Sequential.
If the breakout happens, the target is around 34. The 100 day may also be relevant at around 36. At this exact moment the 1 hour is correcting a bit. The best entry point is probably at 28,50.
I would put the stop at 27,50.
Best regards,
Alexandre Simões
LTCEURI don't mind butterflies in nature, but in TA they look really nasty to me. There are a lot of preconditions to be fulfilled if this is to become butterfly pattern, but as we can see from yellow marked area, that this can happen in matter of one 4H candle.
First, LTC should't rise above point C.
Secondly, both supports marked red will have to get broken, together with not so powerful support line from previous two lows.
And then we could count on this scenario to happen. Point D is far away of being defined, for now I have this green range in mind.
Let's wait and see.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
LTCEUR Reasons to buyHey friends Litecoin call me for buy.
Idea view vs €uro on Kraken
Why ?
Little news is the listing on 13 October 2018 at Gemini
Pullback done
Nice bull trend from 12 sept.
Bull divergence H4 to confirm
Target 1 : 54€~55€
Target 2 : ~ 63€
(For long term position, buy @~45 seem the best low average to got)
Target 1 : ~54€
Target 2 : ~ 63€
kiss kiss