Similarities in price and indicators can be seen between now and late 2017
Late 2017 price dipped and touched briefly the .618 fib level
Now the price has dipped touching the 1.618 fib level
In both situations a golden cross was present
This leads me to believe a nice run is coming for Litecoin within the year
Buy while its cheap!
LTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong
I think a big move is coming for LTC
Just as happened at .618 (labelled 1), at 1.618 Price has climbed over the fib ring for that level, last time it led to an explosion in price
Is another explosion approaching?
Wishful thinking, but also a possible reality.
Litecoin has found support at the 200 day moving average
It will likely consolidate a bit before
continuation of the bull run in progress
We aint done yet !
This retest to supply demand zone was bullish sign for this moment.
If we can stay above our biggest first res we can have a really fun rally with LTC.
Risk management is yours friend use SL guys.
Could this be as simple as a 5 wave pattern ? The worst case of this possible wave 4 is that we keep declining until €207 ($250) and then a possible upside to pass its Coinbase all time high of €350 ($422) and possibly rise to between €380-400 ($460-485) or am I being too optimistic it hahah ? I would love to see the OG Litecoin smash its ATH! I would love to get...
Litecoin has shown great strengh these days. Not a good idea to enter right now on the green candles. However there are some potential entry points to consider when getting into LTC again with the EUR pairing.
My idea is to enter at LTC at €240 or €200,-.
Ltc potential is high and im pretty sure it will move up
sl is below last major swing
buy price is betwin 250-270
dont forget this is a 4h signal so be patient
GoodLuck!
#LTCBTC Profit Update:-
#LTCBTC currently trading at around 5700 and Went upto 5869
So now 79% up from our entry and still more rooms for upward.
Entry:- 3300 ✅
TP1:- 4456 ✅
TP2:- 5400 ✅
TPs :-Pending
Still I am expecting big move in coming days but guys don’t forget to book profit partially.
Support:...
Litecoin has undergone a nice run in the background
it is still yet to challenge its ATH which was accomplished in 2017
There should be more ATH challenges for lite coin in the future of this bull run (this year)
Litecoin will be popular within the payment space of cryptocurrency
Right now in this TA I see LTC forming a little H&S pattern, however if this theory...
The curve is an example of an ascending scallop
Once price reaches horizontal levels (horizontal line near top of curve) a breakout upwards can occur
Included patterns and relevant trendlines
Litecoin is a good one, great to hold for a long time in a portfolio
This is the daily chart for litecoin
#LTC/BTC TA Update:-
#LTC/BTC currently trading at 0.0046 BTC
Already 64% up from our first entry.
Because LTCBTC went upto 0.0054 BTC and which was our 1st TP.
Now
Re entry zone:0.0042-0.0046 BTC
Targets: 0.0054/0.0078/0.0113/0.0174
BTC
Dip for good entry.
Support: 0.0042/0.0038 BTC
Resistance = Targets
Please click LIKE button and Appreciate my hard...
Hello dear readers,
the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :)
Now the trade is finished:
Symbol: LTC/ EUR
Duration of trade: 12 days
Profit: 54% Conservative
All price targets worked off: Yes
So this trade can be filed away, on to the next one :)
As always, it's "do your own research" - I am not an...
