Price action punched through major resistance trendline and ichimoku cloud, possibly forming an harmonic.
However, LTCBTC has been a major disappointment with former break-out failing and reaching a newer low. Must wait and see.
LTC appears to winning the battle of the alt-coins. Compared with the other major pairs against BTC (ETH/BTC, XMR/BTC, etc), LTC seems to be in the least downtrend.
If you went long on LTC/BTC I reckon you could make a fair bit of cash by Christmas this year.
Keen to know what you think.
Litecoin is breaking major multi year support at .007. Short, but beware the bounce. Might be best to wait until Lite Coin goes below .006 to make sure support is broken.
Looking at the global LTC chart we can easily find the global support level. Unfortunately, Litecoin is located very close to this level and ready to break one.
As you might understand, this level is very strong, because it has rejected the price twice. Therefore, in case it will be broken, the overall bullish trend will be changed to the bearish.
Why do I...
Recently we shared a chart for Litecoin (LTCUSD) mentioning the halving event and how it all works.
We warned that the hype surrounding these events can lead prices to move lower rather than higher... And that's how exactly how it all turned out, you can see it by clicking on the image link below:
Litecoin Halving Coming Soon, Up or Down... Crash...
Besides the fact that with a high probability (about 70%) the crypto market will go to a small, local correction. However, major-altcoins are completely oversold at the moment, this fact will lead to an increase in volumes on them. By the increase in volumes, I mean growth because they have almost no space for further falling. By major altcoins I mean $LTC, $EOS,...
First of all, let's take a look at supports and resistances. $LTC has a strong ascending support and horizontal resistance, both were mentioned on the chart. Support is much stronger than the resistance which is a good first step for a nice growth. Next. Oscillators are oversold, which increases $LTC chances of breaking the resistance, but not the support...
LTCBTC will go up because of halving - this is very strong fundamental
What is Litecoin Halving?
Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2).
The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving.
The number of litecoin found per...
We had a beautiful altseason with gains of over 300% in many cases. That means triple your BTC. Ain't that good? I bet it is!
But don't over stay to long in it. Some coins will still have some juice in them by the end of the season. But LTC has always led the market & season since 2015.
Now we enjoy the rides & profits. Stay safe!
Break of 8/1 fan will probably lead to a new LTC/BTC ratio all time high, likely along with a new LTC/USD all time high. This is a long term play, hence the monthly chart.
LTCBTC Trading Signal
How to increase the amount of bitcoin?
buy zone 0.007990 - 0.006477
stop 0.005620
1st targets 0.008897
2nd targets 0.010158
3rd targets 0.011065
Recommendation
Divide a deposit into this deal into three parts
Place orders on three levels
1 level 0.007990 (20 % depo )
2 level 0.007183 (20 % depo )
3 level ...
COINBASE:LTCBTC
Over six months has completed Gartley Pattern. The downtrend from last one and half month has been stablized quite a bit in Blue ReversalZone. Stablization of Sharp price action gives a signal to validate Gartley pattern. Strong support for Gartley lies around 0.009100.
If the price action continues to be at support level then profit making...
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