HamadaMark

Is it Litecoin Time?!

Long
HamadaMark Updated   
BINANCE:LTCBTC   Litecoin / Bitcoin
In 2017 there was a famous video about a person in his car complaining about what happened to him because of Litecoin, although you may laugh due to this man's reaction, but in fact, what happened is very sad, the story was about this man sold his LTC then Litecoin pumped after that to the moon and reached its historic ATH of $ 350 in a short period

And here we are and the same history is repeated again, Most of the new currencies/tokens achieved new peaks, but currencies like Litecoin are still sleeping, that's very strange due to we are not talking about a shit coin here, Litecoin is ranked 8 in terms of the market cap ranking. Yes, it retreated due to this inactivity, but it`s still litecoin, so let us look at the chart to see if there is hope or that there will be more decline.

Since 2018 we can see LTC holding well above this blue trendline Although it creating a new LL after every rebound, but for about 3 years LTC still respect this trendline as a support line, the current movement shows LTC very close from this support line and shows 0.0034/0.0030 as a reversal zone and in the case, if LTC bulls fight bears and pushed the price up we will be able to see LTC recovery to 0.0052/0.008/0.010 and reaching these levels in the current market condition and BTC prices will be more than enough to help LTCUSDT to creat new ATH above $350, But in the case if LTC breakdown this support line and closed below 0.0030 weekly/monthly this will be very bad and scary due to next support will be around 0.0020/0.0013 which mean clear rekt if BTC dumped at the same time,

Current action:
i think about trading LTC from the current levels for sure with risk management with setting my sl below 0.003 in the case if LTC closed weekly below and keep an eye on it VS USDT also.

Ps:
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.

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Here our idea for LTCUSDT With Prediction for Next ATH.

Also the buy signal we posted from $55

Good luck to all.
we ask Allah reconcile and repay🙏
Comment:
LTCBTC +30% since posting this idea
we ask Allah reconcile and repay🙏
Comment:
#LTCBTC after +35 of growing after posted this idea LTC fails to breakout upper trend and pullback to 0.0036 again

if LTC fail to start an accumulation phase here above 0.0031 again and breakdown
the next PRZ will be around 0.0022/0.0016 so stay safe and wait until the market calm to re-trade LTC again if you like to risk start accumulation ltc from current levels again be sure you follow risk management

we ask Allah reconcile and repay🙏
Comment:
+20%
we ask Allah reconcile and repay🙏
Comment:
if you still following this idea LTC showing a slight rebound from the same PRZ at 0.0030000 again! Continuing this movement will give LTC a good push with the current market situation!
we ask Allah reconcile and repay🙏

👋 Be a trader, not a gambler, by following risk/capital management!!

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