#LTC Suppressed PA#LTC
On the weekly we can notice LTC hasnt moved very much similar to the last cycle.
The indicator below is BBW (Bollinger Band Width). When it is low, this means that the bollinger band is tight = volatility is suppressed.
I will go ahead and buy some LTC here for a swing spot, will update in due time.
Search in ideas for "LTC@"
LTC wants to follow in BCH footstepsLTC seems to be catching up to a major trend line forming off the previous cycle top.
I anticipated this being a major area of resistance for the original alternative coin.
Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels.
RSI is in the mid 70s, which is a common turning point in the price action.
Big spike in trading volume, with slight gradual gain in trading volume over the last few weeks.
If LTC wants to move like BCH did, my targets for the coin are as follows:
129.50
146.30
Keep an eye on LTC, it moved 30% in a single daily candle and may have more steam.
NFA
Do your own DD
Novice trader here!
Ltc Monthly OverlookLtc is sitting at an interesting place.
At the time of this idea, LTC is sitting just above the .618 retracement level of the initial monthly impulse.
This was an area of major resistance in june of 19, and was broken jan 21. now it is being tested for support.
RSI has a rising channel and is low in the channel.
I think if this monthly candle closes green, Ltc will see a swift return to $270.
Only time will tell!
This is for my reference and record as a HOBBYIST trader.
This is not advice.
LTC-USD Trend Analysis Practice ChartLTC is nuetral across most timeframes on the rsi.
LTC appears to be taking a ride on a steep trend line upward.
LTC breaking local resistances and in price discovery.
BTC continues bullish mementum.
I see us tested our recent high around 184ish possible on the daily candle.
This is clearly not trading advice, this is for my reference and enjoyment as a hobby trader.
Dont be shy to critique.
Messy chart...
LTC's massive descending channel = massive breakdown to ATLLTC is trading in a very large descending triangle which in theory is bearish. If the support on the bottom of this channel does not hold, which has already been tested more than 10 times on the 4hr indicating that it is losing its strength with every test. This might be the last time this support can keep LTC here and if LTC breaks this support and trades lower we can see it reach All Time Lows which is not something you want to see for alts.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
LTC Is Struggling - Follow This to Earn MoneyLTC is making higher highs, but find enormous downwards pressure. The bulls don't seem to be strong enough to push the price up, but at the same time no horizontal resistance can be found.
While LTC is still making higher highs, it can be very beneficial to buy the retracements. The higher highs and the lower highs usually describe an upwards trending asset.
There are two trading strategies that I want to discuss here. The first one relates to buying and selling frequently, and the second one to holding it for a longer time.
In the first strategy you can decide to buy all the local dips that form the higher low, and try to buy as low as possible. Then, as soon as the price goes slightly above the previous high you sell. This will allow you to get many trades in, all giving about 6-9% per trade currently on LTC. Stop losses should be placed below the previous low.
In the second strategy, you would wait for a retracement and simply hold. Since LTC is bullish overall, and we see that there is still a 37% upwards opportunity you can just hold until the next zone of horizontal resistance and sell it there.
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Disclaimer!
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LTC _ the party is about to startLTC was occasionally the coin that started the runs. This one had recently some nice updates, from it being listed with grayscale as LTCN, to the new card allowing LTC holders to spend their coins whenever Visa cards are used.
It have a great potential and the MACD shows that ltc is only warming up.
my first target will be 556$ for wave iii of this wave 3 (not counting the major waves), followed by a retrace to about 180 and a peak at 1100.
Chart will be updated accordingly.
Thank you for your comments.
LTC ANALYSIS: CHANNEL BREAKDOWNLTC/USD ANALYSIS:
LTC was trending inside of an upward channel before breaking down. Upon that break, LTC re-attempted the channel and was rejected. I expect a further dip before the next wave up. The 100MA is currently holding, but should break down and follow through to T1 at 37.70. Following that is T2 at 36.40 and T3 at 35.55. The green box represents a temporary support, and a double bottom should this hold. If this also breaks down the next line of major support is further below at ~29.00.
Possible Short Entries: 39.40-40.60
LTC/BTC ANALYSIS: DOUBLE SUPPORT INCOMING! LTC/BTC ANALYSIS:
LTC/BTC is trending hard in a DOWNWARD channel. There is a possibility for one final leg down into my ideal entry zone for a long position. That entry zone is between the zone of 5600-5750 sats. Recommend to stagger long bids within this zone to dollar cost average. The outlook on LTC/BTC can be bright. I expect a break out of this channel upon entering the support zone, where buyers should step in to shake out short positions. T1 is positioned at 5970 sats, followed by T2 at 6180 sats, and finally T3 at 6300 sats. The double bottom zone near 5700 is a strong spot that attracts buyers. Expect the pump to bounce strongly.
Possible Entries: 5600-5750 sats
LTC/USD ANALYSIS : LONG ON THE PULLBACKLTC/USD ANALYSIS:
LTC broke out of a falling wedge and bulls have pushed LTC above the 200MA to a hold. A small accumulation phase looks to be taking place before another push UP. Hourly RSI has room to dip, so look to stagger entries within the range of $58.80-$60.20. Im expecting a push up to T1 at $64.80, following by T2 and T3 at $67.20 and $70.05. Daily candle engulfing looks great from yesterday close. Today’s red wick is the opportunity to buy in my opinion. Look for entry fills, and take profit as listed!
Possible Entries: 58.80-60.40
LTC/BTC ANALYSIS (SMALL CORRECTION BEFORE TAKEOFF)LTC/BTC ANALYSIS:
LTC seems to have entered a small accumulation phase after topping off at 7800 sats. I would like to see a small correction back down to 7000-7100 sats for a prime long entry zone. LTC has plenty of room for growth. The next major resistance zone is not until over 8500 sats! The key entry zone would be the 7100 sats and below. The future outlook is to hit Target 1 of 7980 sats, Followed by T2 at 8330 sats. Lastly, the main target is inside the next resistance at T3 of 8900 sats. I expect a strong rejection and possible retrace upon entering the new target order block. RSI and stoch has topped off at the current state, so a small correction is expected before the next wave up. Place buy order accordingly!
Possible Entries: 7000-7100 sats
LTC ANALYSIS (INCOMING NEW HIGH!)LTC ANALYSIS
LTC is breaking up to a previous high and looking to push ABOVE the high. A break and hold above 7050 sats would clear the 200ma and make a new high. This would make LTC very bullish on an outlook for daily resistance above 8000 sats. Look to long if this crucial point breaks and holds. Volume is holding strong, while RSI is pushing to overbought. Overall trend looks strong though, look for T1 at 7380 sats. T2 placed at 7650, and finally T3 at 8330 sats. Expect a struggle above T3 and recommend closing at the given take profit points.
Possible Entries: 7050
LTC/BTCLTC/BTC, every time LTC has crossed bullish on a weekly chart on the MACD it has given incredible gains. Will this time mark some form of a bottom? Also bullish divergence on the weekly. #BTC #LTC #Crypto
(THIS DOES NOT MEAN THIS IS THE BOTTOM) It just means it is very close if this plays out, or we are at the bottom.
LTC strong support ?LTC bounce from strong support at 6400 sats. Many times was tested this area. Candlesticks drawing 3inside up pattern. LTC RSI oversold level. MACD bullish crossover, not sure becuase still bellow zero line. Bullish bounce or bulltrap ? Still downtrend LTC closed bellow EMA 21,50,200 periods. Resistance at 7350.
LTC (LTC/USDT): LTC is About to Break out from Its Bullish WedgeLTC is approaching an interesting dynamic line right now, from where the price was bouncing many times. Plus the facts that 1D RSI is oversold and the price is testing the lower border of its old upcoming channel increases that fact that the trend is about to be changed. Don't miss the opportunity to buy cheap and as always keep your stop losses active. Zones of interest and targets are on the chart. Good luck everyone!
LTC Double Divergences! Back in the channel! What next?!LTC is back in this pitchfork channel that I had previously drawn. Look at the RSI, we have had not just one divergence, but another on the daily chart! Oh snap. This is a pretty strong indication that more downside is going to be in the cards. If BTC starts collapsing as i think it's going to, we will see this LTC go down to 100 at least. If the 100 level breaks, we'll be seeing a much more significant pullback. We'll have to wait and see what happens at the 100 level, but for now, we can take a short trades(if you haven't already at these highs) and aim for 100 at least, possibly lower.
Notes on the halvening. I won't post a chart here, but there are some floating out there where about 45 days before the LTC halvening, it plummets. It seems things are lining up for that to repeat.
Happy trading and hodling,
-Sherem
LTC Possible ScenarioLTC will probably be around for a long time, But they are starting to fall into the same funk that BTC has fallen in, and that is a lack of innovation. And no I don't think making LTC a privacy coin is a good way to go, especially sense there are so many good privacy coins out there already. If LTC doesn't get its act together it will get pushed below coins like DGB that are solidly innovating on a regular basis, Especially once DGB releases Digi-assets.