I'm Bullish on this old baby girl.
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
after the last pump and dump, it has been showing off the interest of people in it.
Get you some my targets are 152-155-160-170-180-210.
#LTC formed a local support zone at $170 - $172.
Now is trading over that zone. If price hodl the hodl then we can expect a push till $185 - $187.
One another scenario can be it will break the zone and dump till the major support zone is drawn.
That's a good zone for buying opportunity 💪.
#Bitcoin is also not looking good for an up-move
Litecoin ETC to List on Deutsche Boerse
Earlier this month, asset manager CoinShares launched a new physically backed Litecoin ETP on the Swiss SIX exchange.
London-based ETC Group announced Monday it will list a physical litecoin (LTC, -1.27%) exchange-traded commodity (ETC (-3.88%)) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14.
LTC is mega bullish rn
Dollar pair has a bullish pennant very close to breaking
BTC pair has almost hit all time lows, with a reversal pending
Could also argue major bulldivs on the 1W TF here
If we claim that thick black line, around 3600 sats, we should flip the trendline and add extra fuel to the dollar pair to send it past $300
As-long as BTC can continue...
Possible inverse head and shoulder this pattern is bullish but not enough
I put analysis days ago about best buy area of LTC one of them after break of 52$
This pattern help and confirm past analysis
See here my previous idea about ltc :
We will buy ltc only if it break and...
Trend setup for bullish for 1st target 55$ and 75$ and if bitcoin holding bullish trend upside then we will see bitcoin towards 80-90$
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It seems as if LTC is following the BTC cycle (3rd Cycle since it started).
Many have said in the past, that LTC seems to be ahead of the trend for BTC.
Points of observation:
On the WEEKLY chart : LTC is heading towards a major resistance, the 21 EMA while sitting above the 0.786 retracement.
On the DAILY chart; LTC is heading towards the 200 EMA...
LTCUSD In Daily Charts we see the ascending triangle pattern.
I think Taking entry now is Bid Risky But there is the best Risk to Reward setup 7% Riska and 27% Reward this is only for the Risk taker
First target at $ 101-second Target at $125.
For Non-Risk-taker wait for Market Break upside of Ascending triangle pattern. Target is $125 After Ascending triangle...
Among all other cryptocurrencies, Litecoin (LTC/USD) has been doing pretty well, lately. So, is it time to buy yet?
For all my enthusiasm, I'd say, no. In my opinion, it's too early to rave and become euphoric.
That could still be a feint, a false breakout.
I would wait until MA has crossed 120 MA 200, and then buy the first pullback to MA200 (see yellow circles...
NOT FINANCIAL ADVICE
It looks like its time for the test again... will LTC breakout or will it dump?, from the previous low it has touched the 0.886 fib range where corrections "usually" end. I personally have gone long from here.