. There is a possibility of temporary retracement to suggested support line (0.00387). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Litecoin/Bitcoin (LTCBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Litecoin has remained stable despite Bitcoin and other alternative currency corrections in the past few weeks. Another leg up is seeming to be the most probable outcome in the next few weeks. Litecoin ( LTC/BTC ) will push for 0.028 on a breakout of 0.0215.
Mood: Liquidate @22loops
Someone asked me if I could do an LTCBTC analysis, and here is my view.
LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind.
At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins.
And since LTC unfortunately does not have very unique features, I think this trend will...
It seems that Litecoin is close to turning back to uptrend. It is possible to note that it is inside of a huge bullish wedge and is close to breaking out. We recommend to catch in if it breaks the important resistance of 0.0045.
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Litecoin (LTCBTC) is moving, starting slowly but getting there.
Here we have our first target for this move.
The RSI and MACD support this move as well as the trading volume and the current bullish.
EMA200 and MA200 are being challenged right now.
Above these levels, we get a strong jump.
Here is the previous chart:...
Litecoin BTC is divided into First Wave / Second Wave.
The price of Litecoin has recently been going down to a wedge.
But the positive part is,
Despite the rise in the price of Bitcoin, the LTCBTC price did not go down.
So I think Litecoin will still remain on the rise,
If it goes up to the 2nd Wave, Litecoin is highly likely to move from 50$ -> 150$.
On 16 Nov 2020, Litecoin has break the triangle indicated by the bullish engulfing candlestick. Today, the price has to commit above 0.0044btc to keep up the bullish trend and bring to the moon again. Historically, its has been recorded 300-800% uptrend since year 2015. With the 15% last week increment, could this silver crypto make the history repeated...
I've published the very same pattern back in December 2018 when the previous Bear Market was at its lows and while everyone was panicking, called for a potential Bottom on Bitcoin and a Bull Run to follow.
Why? Simply because of the Litecoin break-out relative to BTC. As you see on this very simple chart, every time the LTCBTC pair breaks its Lower Highs...
During your entire lifetime, you will encounter 5-6 trades like that.
Trying to time it is a waste of time.
Better to be too early than 1 day to late with this type of volatility.
Trade at your own risk!