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Why is Litecoin a good addition to Bitcoin? Litecoin has Lightning for instant transfer and Atomic Swaps for cross-blockchain trading. Litecoin is a pure cryptocurrency like Bitcoin. It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies,...
Litecoin has been rebounding very nicely recently taking out the 0.2 FIB at 177.55 and the crucial pivot point which we have held for the past few days. This level is very important because it signals a turn around in the market and by holding above here we can expect to see some upside, we don't want to breakdown and fall below so keep an eye on this level. We...
Looking at the chart, we can see that Litecoin is due to a breakout...either to the upside, or downside.... Although, by looking at the MACD and RSI, we can conclude it has more chances of going upwards than down due to having positiving momentum and being on a bullish-level on the RSI as of right now.
Since 6th September Litecoin is trading in a huge falling wedge
The last 3 lows are marginal, indicating the lack of power from the bears
At this moment LtcUsd is trading exactly in resistance and a break looks imminent
The target for a long trade can be 230 recent high, giving us a R:R of more than 1:4
this is my idea for BINANCE:LTCUSDT .
Post your idea/analysis below for discussion.
Thank you all for your support.
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It works ALMOST ON ANY CHART but the BEST CHARTS are stocks then other charts.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
IT CAN NOT PREDICT pullbacks or bounce backs of the price, so I strongly...
The whole market looks like it is going to go even lower. Litecoin is now near the support level of $170.8.Before that, LTC broke the trend line and tested as resistance. After that, we saw a decline in price. The price has already tested the $170.8 level several times, with each test weakening the level. Now, if the price breaks this level and tests it as...
If you use a simple technical analysis of the price, you will notice that between the prices 187 and 169 (approximately) a flat channel has formed, which lasts a whole month.
All that is included in the accumulation is the already completed trades of traders and limit orders, which, sooner or later, will break the price in one direction, outside the channel.
Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
Litecoin has been really struggling as of late with us continuing to push down following this descending channel, one positive we have seen is that we have broken up into the upper half of the channel, but we still can't seem to breakout! We could be looking at a breakout sooner than later, looking at the bollinger bands we seem to be also stuck underneath the...
When looking at the short term chart of Litecoin we see a major resistance level is being reached..
It has been rejected 5 times before and what are the odds to break it today ??
I am very interested in Litecoin still for the longer term.. but I have to wait patiently for a nice setup to entry the market..
What I hope for is a major correction in the...
looking at the Litecoin BTC chart and you notice a lot of price action against this downtrend support/resistance, we are currently right on this resistance and we seem to be slipping below this level, now i think we could see a potential drop in sats, we gotta be careful treading along the bottom of the bollinger bands, this could very well induce a pullback if we...
It has been a few days since LightQueen Trend broke its 67-day bearish trend and started moving towards its price targets. The price targets and their resistances are plotted on the chart. The resistance between the price of 255 and 260 is very strong and it is important to break and stabilize it.
Currently, due to the increase in the bitcoin range and its...
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Buy level - $150 - $153
Stop loss - $139
Take profit - $175
Right here is a double bottom W pattern formation on LITECOIN.
Fortunately, neckline breakout and retest has completed it's formation. It's time for LITECOIN to long to it's target at $175.
What do you think?
Share your opinion in the...