Hi friends! Welcome to my Litecoin technical analysis
We have recently seen a bullish tiny inverted head and shoulder formation on ltc that once will completed will allow price action to cross a long term trend resistance (green) line. This move if it happens will result to a breakout of yet another bullish formation which is the bump and run with a wide bump ...
I admire Charlie Lee and I think Litecoin LTC has tremendous value. The value of the asset lies in its secure network, liquid market and relationship with Bitcoin. LTC is listed on more exchanges than Ethereum ETH while being supported by over nine payment processors.
However my trade is not based on speculative asset value in this irrational, volatile and ...
LTC are continousaly Going Down if you are doing Trade then you can SHORT as Given idea.
Let see !!
You can Also Set Stop Loss own Risk Reward Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Buy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
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Thanks for visiting.
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot -7.44% ...
1. Every wedge fractal has resulted in a huge price jump.
2. Let's see if we can get some volume and break out from this fractal.
3. Bullish divergence at the end of each fractal (yellow lines)
4. Ben Trend Indicator is bullish
lt Coin Analysis - Points out of 10
Date : Since 2013 ( 9 / 10 )
Volume 24 H : 42000 BTC ( 9 / 10 )
Available Markets* ( 10 / 10 )
Social Media Rate ( 6 / 10 )
Ranks **7 ( 9 / 10 )
Website ( 6 / 10 )
Type Cryptocurrency ( Silver Bitcoin )
Overall ( 8 /10 )
Charlie Lee said on Dec 17, 2017 at 2.51 pm : Ok, sorry to spoil the party, but I need to reign ...
Litecoin has a very strong potential bottoming structure after being extremely weak since back in Spring and relying on Bitcoin for the short term gains.
Will it kick off the alt season like the previous one? Very likely, imo.
Text doesnt show up... Alternative count in case this is just a rally before making new lows.
"Litecoin does look quite good from a long term standpoint, but with Bitcoin hovering near 6000, I would be wary longing. Litecoin may pop off in a black swan event similar to XRP and DOGE, so you may buy the breakout. "
That was my comment from the last Bitcoin idea. Now I am long LTC and up over 4%. I have bought more LTC 9550.
I expect this rally to go 20% ...