Litecoin (LTC vs BTC) New Highs (120%+ Potential Profits)

BITTREX:LTCBTC   Litecoin / Bitcoin
Litecoin is now challenging new highs. Last time Litecoin was higher than today, vs Bitcoin , it was in 2015, and the Bitcoin price was something completely different.

Based on the recent highs that Litecoin has reached, it is fighting strong to reach new levels right now. It needs to close above 0.022 today in order for us to test new levels and go for a new nice 120%+ potential profits.

Litepay, which I wrote about around mid January here, is being launched on February 26th and the price of Litecoin, as mentioned from my last analysis, it is already moving strong. There is also news about Litecoin "airdrop"...

We can talk later about the details, as the main request I am getting is for targets for Litecoin holders, so here you have your targets and some more.

*** Litecoin Trade Instructions

Litecoin Targets:

(1) 0.03230
(2) 0.04898

Buy-in: 0.020 - 0.022

Stop-loss: 0.00165

*** Indicators

* SMA20 crossed the SMA50, which is very bullish signals.
* The charts overall are looking really good. There will be ups and down, as usual, but there is room for growth, and new highs to be reached.
* The weekly chart is also really good interesting to me.

Most of the cryptocurrencies have a bull run for a few weeks and then start a very long descent, later an even longer period of accumulation, and finally they start another run. But when a top is reached, they go down strong and hard. Litecoin charts are not like this. When you look at Litecoin, it is a very resilient coin, and it tends to remain strong.

Here is the weekly chart (just for fun):

*** Enjoy yourself

Enjoy your week.

Enjoy your day.

Enjoy every minute...

Comment: Mistake (Stop loss updated)
Stop-loss: 0.0165
Comment: Here is my old Litecoin analysis, here you can find news about Litepay and other details. (Click on the image below)

Trade active: Litecoin is having a great run right now, but as it normally happens, once a top is reached, a retrace is needed.

Wait for Litecoin's retrace to get the best possible buy-in price.

Take a quick look at the 1h chart:

The indicator 'Bollinger Bands' is also telling me the same on the 4h and 1D charts.

Take a quick look at the 4h charts and see how the price/candle already went outside of the bands:

Now you have the information, the rest is up to you.
Trade active: Litecoin is going pretty strong. The retrace didn't go below 0.0213 which is higher than what I expected but still within buy in range. Still, this is a great signal since it shows strength.

Feel free to hold your Litecoins for LONG, since this bull run is just getting started. Expect the normal ups and downs, and please allow time for this trade to develop.

Trade active: The time to buy has come. We are now back within buy-in range.

Feel free to buy-in, re-buy and reload.
Trade active: You already know the story: Up and down, up and down.

We reach a new top, the price retraces, consolidates, buyers then accumulate and we prepare for the next run. Up and down, up and down.

Looks like we already found our support, now we simply hold patiently and aim for our next target.

Here is a short term chart, you can see how the price goes down, starts to curve and the move up. You can expect the same on the longer time frames.

The upper channel line is now the support level, which is still pretty far away.

Enjoy the 1h chart below:

Trade active: I am really liking the Litecoin charts right now.

They need no description, they are simply going bullish again....

Comment: Expanding Litecoin's targets from my website. This will be useful for more people:

Litecoin Main Targets:

(1) 0.02737
(2) 0.03230 (main)
(3) 0.03606
(4) 0.04475
(5) 0.04898 (main)
(6) 0.05012
Trade active: Litecoin's support is holding strong. It is ok to buy Litecoin

now, opening new positions, using the "tight stop loss".

If support is broken, you can close those positions. If support

holds, you can expect another run soon.

So far, support has been holding strong and the TD Sequential

indicator is telling me that it might hold. Based on the 1h and

2h time frame charts. The 4h chart is also showing signals of a

bottom being reached.

Here take a look at the 2h chart:

And 4h chart:

If Litecoin vs BTC doesn't hold, in case Bitcoin shoots up strong, you can base your trade on USD. As the LTCUSD pair is holding strong.
Comment: Litecoin (LTCBTC) has formed a "Falling Wedge" chart pattern, which is a reversal pattern.

So Litecoin might be breaking out soon.

Here is the 4 hours chart:
Trade active: The falling wedge pattern breakout did materialize, and Litecoin is now moving up!!!

Here is an update of the 4 hours chart (You can compare the indicators before and after the breakout):
Trade active: Does this look like a "Mini Falling Wedge" round 2 for LTCBTC?

I believe that LTC's next run will be coming soon... I hope :)
Trade active: We are still bullish on Litecoin and now hovering around a very strong support. We are testing the SMA20 line as support level, looks like Litecoin wants more consolidation before its next leg up.

Comment: Looks like Litecoin is getting ready for a breakout... soon.

Comment: I am keeping an eye on Litecoin. The price has been going up slowly and steadily but we still don't know how the day will close or if it will gain enough momentum to move up strong.

We are watching this trade closely and you should trade according to the instructions shared above.
Trade active: Litecoin did breakout and it is looking positive on the 4h, Daily and Weekly charts. It needs more momentum to be able to shoot up strong.

Here is the daily chart:
Trade active: After tracking Litecoin for a while, and looking at the launch of LitePay as news that could boost its price, the run has happened but not as good or strong as one might expect in the cryptocurrency markets.

So, the market is in a very strong correction? Yes, of course. Maybe this is affecting Litecoin's price action.

The price is going down hard now on the daily chart, but the fall is not as strong as with other coins. You can see the chart here:

- We will hold normally and see how this trade develops. We will see how the day closes and the following days develop for Litecoin.

- We trade according to the instructions shared above.

If you don't want to hold Litecoin long term but yet want to see more from this trade, you can use a tighter stop loss. You can set your new stop loss @ 0.0194. I will wait and see what happens. I know Litecoin to be a very strong alternative coin (Altcoin).
Trade active: Litecoin is breaking out today, moving up strong.

We bounced strong from the SMA50 price level support and started to move up strong.

We only touched one of our stop loss, the tight one, and now we move on.

The charts are also showing plenty of room available for growth. Litecoin is really strong, LTC is good for long term trades.

(Trend line held strong as seen on the main chart above).
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Hi alan, Any update on LTC? Thanks
alanmasters RafaelCamargo
@RafaelCamargo, Was going there now... I bought a few days back, looks like it wants to breakout.
+1 Reply
RafaelCamargo alanmasters
@alanmasters, Yes...I've been holding this for a while, very strong coin...I was just run through some coins that I've got to keep everything under control :) as LTC likes to go strong when in action, and it has been sleeping since valentine's day. Namaste my friend! and thanks for reply! you are Legend
Can you do an update for this please?! Thanks!!
+1 Reply
Can someone explain me the situation with BTC. Reading the other posts it was supposed to go down hard even till 8400 but its not what I am seeing at all.. Also there have been plenty of huge opportunities such as with nano and even btc could have been bought and sold. What I read here since the last two weeks has been different than what I have seen on the charts. Still I want to be thankful. Peace !
I regret. The fall looks harder than other coins
Other coins are not dropping very hard
I bought plenty ltc at £97 at the bottom, very happy with ltc and expect it to touch £200 by the end of this month. Litepay is a huge deal for this coin. I'll be using it for sure.
Lol why it's comming down?
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