alanmasters

Litecoin Getting Ready For A Strong Move! (100% Possible?)

BINANCE:LTCBTC   Litecoin / Bitcoin
I am looking at the Litecoin ( LTCBTC ) chart on the daily time frame and there seems to be something brewing up.

This signal can fail, but it looks like a strong move is on its way... If resistance can break.

- The black line on the chart is MA200. Notice how this line is coming down and now below LTCBTC's price.
- Recent break above EMA10 and trading above EMA50, which is a strong resistance.
- We have a bullish RSI and the MACD is also n the bullish zone, something most altcoins are laking.
- This can be a good profit move, so keep an eye on this.
- If enough support is given to this trade idea, I will post a LTCBTC (All exchanges -Binance, Bittrex, Coinbase, BitFinex, Kraken, etc.) trade as well as a highly profitable LTCH19 (BitMEX) trade with leverage.

Thanks a lot for reading.

Namaste.
Jan 24
Comment: Previous Litecoin (LTCH19) trade:
Jan 24
Comment: A closer look at LTCBTC weekly (notice that LTC has been trading above EMA10 since mid-December... This is bullish...)

Jan 25
Comment: You gave me your support and here is our next Litecoin trade as promised:
Jan 26
Comment: For LTCBTC, you can see the targets on the main chart above (purple lines).
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Related Ideas

Nice! This is what im currently seeing
Reply
Time to buy ?
Reply
ReallyMe samvacquier
@samvacquier, not yet, as far as I am concerned. way too early to buy in LTC/USD terms. Still far from away having bottomed out, in my view
+1 Reply
samvacquier ReallyMe
@ReallyMe, Thanks M8 :)
Reply
alanmasters samvacquier
@samvacquier, The chart above is for LTCBTC... Just in case.
Reply
alanmasters samvacquier
@samvacquier, His is for LTCUSD.

These are two different pairs.
Reply
ReallyMe samvacquier
@samvacquier, Gladly
+1 Reply
But I do like the fact that LTC/BTC hat bottomed out. It indeed speaks for LTC.

+1 Reply
@ReallyMe, That is a nice cross there.
Reply
ReallyMe alanmasters
@alanmasters, Yep. If I were to buy crypto, then I would currently buy Litecoins and not Bitcoins. Or if I were a crypto "hodler", then I would exchange all Bitcoins in Litecoins because they do not lose value so quickly. But currently it is too early to buy cryptos, or too stupid to just hodl them, because in US dollars, they are all still losing value. It may change and the trend may turn some day but until then it is currently much more reasonable to buy Gold for example. See my idea about it, it explains why
+1 Reply
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