Litecoin may see further downward pressure in the coming days if it breaks the yellow resistance line which has been hit many times before, also currently the US stock market is selling off so big players might sell cryptos to have more liquidity, cover the margin call, or ......
This chart is COINBASE:LTCEUR but also you can draw the same line for $LTCUSD.
What...
Based on previous halvings LTC should be in a very bullish period for the next 2 months. Of course if SPY and the big boys start to tank this would be voided so need to keep an eye on SPY/SPX
📉 Expecting bullish price action on this coin as we shifted the strucutre from bearish into bullish, price made a bullish bos somewhere around 112$. I will wait for a retracement to happend and then to enter a LONG trade straight into 150-200$ price areas. 100$ institutional figure acts as a valuable area of ,,support,, for this crypto coin.
What do you think ?...
WHAT IS LITECOIN?
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster...
Welcome to this quick LTC/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- LTC/BTC Triangle pattern create to buy the dip and retest green zone
Entry:- buy green zone
Traget:- 20% to 25%
Stop loss:- 21MA Yellow line downside candle close
Remember:-This is not a piece of financial advice. All investment...
#LTC / Daily Timeframe
LTC Respecting the uptrend line for 583 Days and will long LTC If we break the inclined trendline and the red Zone. We are already more than 50% Below the previous All-time high.
LTCUSD EXACT SETUP! ACT NOW!! - I just entered a long on LTC after we developed a bullish divergence on the 4h and we came to back test the support area, stop loss and profits shown really clearly!
On weekly timeframe we can see a double TOP near the 350 resistance zone (highest level since December of 2017). After price reached this zone went back down to our 0.786 fib zone and then went up to our 0.5 fib zone.
We can see that the same thing is going on right now, however this time price found support on 0.786 and on 100EMA at the same time.
What if...
#LTC/USDT Profit Update:-
$LTC currently trading at $182
And our entry signal was $115-$130
So our Lower entry was also filled.
Now 57% up without leverage.
This is result of patience guys.
I am also holding and booked profit 50% positions here for safe side.
Entry:- $120 ✅
TP1:- $178 ✅
TP2:- $264 waiting
SL:- I placed at my entry level.
Now..?
Now...
Litcoin has gain more buyers so lets ,Hold our trades for longs and once there is a break in the up trend and close then we have gotten a new trend.
So eye out for trend revalsal anytime soon.
I like how it's bouncing off after hitting the uptrend line.
The good part LTC price above MA50 if price broke the resistance at 149.81 so we can go to 200$ easily the opposide if we broke MA50 we can test 125.4 so be ready any way
We can buy some here if BTC Go down orders should be 135$, 130$, 125.8$
Until LTCEUR doesn't cross the white resistance line, we are bearish. The general daily trend is downwards too. The next important levels are shown in green.
-- For educational purposes only. Do your own research before making investment decisions.
💎Technical Analysis Summary💎
LTC/USD
-Litecoin is currently trading just above the monthly key area
-Looking at this monthly timeframe, it is more likely to trade sideways
-If we will follow the projection of the upward trendline
-LTC is either move in range until the end of 2021 before deciding to higher or break support
-If you are planning to enter a long...
This bluechip has lots of chances to follow its friends Ethereum and BNB In the way they went. Can take positions after a potential retest of the support.
