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LTC-USD

LTC Rising Channel Stopped at Major Supply ZoneThe rejection from the major supply zone just occurred, sending us back to the local support we are sitting on at the publishing of this idea. This supply zone will likely take multiple attempts to break this area and enter discovery between the two purple lines overhead. Looking for LTC to trade in this channel to the upside, before retesting this supplied zone. This will be a large area for people taking profit, so patience is key. RSI remains neutral on the 4 hour trending upward. I will be watching the 4 hour chart very cloesly in the next 24 hours. This is clearly not advice, this is for my record and reference as a hobby trader. I am a novice with a very limited knowledge. Please be aware of this. Please dont be shy to critique. LTC marches on!
COINBASE:LTCUSDLong
by BallsOfSteel32
2
LTC Right Triangle Formation on 4 Hour Practice ChartThis has happened before in this run, with very similar structure. That Idea is linked below. LTC forming a right triangle after a correction off a major impulse. I think this triangle is ocurring in a reversal setting and will be squeezed down until a breakout to test the next resistance. RSI is low in the Channel marked and is nuetral. Higher lows forming in the price action (arrows) Support found at 207 area currently. This is clearly not advice. This is for my reference and enjoyment as a hobby trader. Dont be shy to critique.
COINBASE:LTCUSDLong
by BallsOfSteel32
4
Falling Triangle in Reversal Setting LTC-USD My new bit of learning today has been that a falling triangle can be either bearish or bullish depending on the case. In this instance, I see LTC in reversal, ready to test overhead resistance after breaking out of this triangle. I have shown the likely path ltc will take before it is squeezed to the upside. RSI is neutral. I am bullish on LTC and BTC long term. This is clearly not advice. This is for my own practice and reference as a hobby trader. Please dont be shy to critique.
COINBASE:LTCUSDLong
by BallsOfSteel32
💡 Two buy opportunity in LTCUSD , Mid-Term & Short-TermTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (51.40). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 56.30 TP2= @ 60.00 TP3= @ 64.00 TP4= @ 68.80 TP5= @ 79.82 SL= Break below S2 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Second Chance Trade Setup summary: Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%} Stop Loss = 36% Reward/Risk > 26 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (50.65) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP2= 56.05 TP3= 63.35 TP4= 74.35 TP5= 84.60 TP6= 104.45 TP7= 118.80 TP8= 146.55 TP9= 196.55 TP10= 237.40 TP11= Free SL= Break below 48.75 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 275% Closed trade(s): 41% Profit Open trade(s): 234% Profit Trade Setup: We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020: Closed Profit: TP1 @ 50.65 touched at 10.11.2020 with 13% Profit. TP2 @ 56.05 touched at 10.22.2020 with 28% Profit. 13% + 28% = 41% Open Profit: Open trade is 55.30 (current price) - 43.75 (open price) = 26% 9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234% Technical analysis: . LTCUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 69. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:LTCUSDLong
by ForecastCity
4
LTCUSD - ABCD Bearish Pattern Confirmed SHORTThere is a high chance of further price reduction right now for LTC because of confirmed ABCD pattern formation on the 4 hour chart. However I am very bullish on LTC mid-longterm so this is a risky trade setup but the RR is good and I like how the ABCD pattern is very nicely formed - within proper FIB levels. Take profits at the different FIB ratios then move StopLoss down to entry level after first TP is done. Do not over leverage and have fun! Good Luck :) PS. I am not licensed to provide financial advice and I am not responsible for any losses you may incur by following my ideas. Like and follow if you want to see more from me peeps!!! Out - WineTrader888
KRAKEN:LTCUSDShort
by PondBlank
1