I would bet on the price line bouncing on the green trend, and up to red ellipse. Maybe +30/40% for the LTC in 2-3 months from now?
Mind the resistance, supports, and trends lines. Price corrections will occur on these lines.
What do you think about this quick analysis?
Comment with your ideas so we compare.
Hi every one
LITECOIN / TETHERUS
LTC has formed a Inverse Head and Shoulder pattern. this pattern is a Bullish Pattern, so when the break out happens We can Expect the Price to increase as much as the measured price movement.(length between the top of the head and neckline!) the next target for Lite coin is around 235$!
-LTC is in a Inverse Head and...
Hello my friends!
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,...
Since current LTCBTC charts present best ever buying opportunity if it comes to LITECOIN vs BTC relation (0.0031) we shouldn't be surprised seeing new ATH on LTCUSD market if Bitcoin's price will continue to climb. Similarities rarely play significant role in price action - they do however make it a little bit easier to assume the next possible top area. According...
1 - Litecoin does 5x over Bitcoin
2 - Bitcoin breaks out before cycle peak
3 - Bitcoin peaks at 4 year cycle
4 - Bitcoin bottom of bear market
5 - Litecoin halving
6 - Bitcoin Halving
7 - Bitcoin approaches previous all time high
Shout out @masterbtcltc
". There is a possibility of temporary retracement to the suggested support line (173.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LTCUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Well, as we see, this analysis is more educational, from now on we are going to do the analysis using the study of volumetric resistances and volumetric supports, and to make more use of this valuable science in our analysis. Well, as we can see, the next uptrend has started since July 21, and since then the price has repeatedly reacted to these POC Line ranges...
- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 17) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)...
I am still confused at the closing price on October 14.
However, I decided to make the prediction according to the choice I found most reasonable. There will be a correction before LTC surges. Target will be $260.
This is the scenario that I choose!
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.
We are right at the monthly support level if it can hold this we can for sure see a move up to break the current weekly resistance.
Worst case scenario we break the monthly support and retest the previous levels.
This is a quick setup if you prefer not to wait for some of my longer trades.
Crypto is always very volatile, so if you hit SL please do NOT re-enter and give money back to the market.
We are approaching a strong 4H resistance channel, and I am expecting rejection.
The TP level is the resent 4H support.
Like what I do? Please comment, share, and...
💎 LTCUSDT has been moving along the ascending channel and has been making HHs and HLs. After the Pullback it is expected to continue the Bullish move.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 173.0
☕️ TP1 192.0
🍺 TP2 205.0
🍻 TP3 220.0
🍾 TP4 240.0
🍷 TP5 260.0