LTC/BTC has been in a down trend that seems like forever. However, I see that there's a bullish divergence forming on the monthly RSI. The higher the time frame the stronger the reversal should be. This is almost a 1 year bullish divergence that happened on the monthly chart.
An example of this was a strong reversal play out in AMC. It went from about...
Looking at this chart, I just got the feeling of never buying the Litecoin vs Bitcoin (LTCBTC) pair anymore...
We are calling this The Eternal Crash, because since March 2014 this pair has been printing lower highs and continues breaking support to hit new lows.
Litecoin vs Bitcoin
Since we have lower highs forever, let's just assume that this trend will...
I assume quite some people are waiting and hoping for Litecoin to moon, so do I. In my opinion it is the most underrated cryptocurrency in its most literal form.
I mean next to BTC and ETH, none of the altcoins have this kind of widespread adoption... and still, Bitcoins silver has almost been forgotten it seems. Unfortunately...
So the question remains, will...
BINANCE:LTCBTC triple divergence on the MACD on the 1W timeframe. This was only in 2017, after which LTC grew 7 times. Now the price is at a minimum since 2017, with a similar divergence.
At the same time, there is a strong downtrend on 1W. And if this week closes below 0.002994, there is a high probability of falling to the area of 0.002091 - 0.002464. There...
An assumption of how litecoin will behave after bitcoin turns around in May after 31-27K.
Litecoin will not go below the 0.003 support level, will break through the long-term resistance level and may reach the 0.010-0.015 levels. It is worth considering that the next halving of the litecoin is very close...
BTC:
This is a monthly chart for Litecoin vs Bitcoin. The next few months could be very interesting for Litecoin as very strong coin also heading into 2023. The chart shows that LTC is at it's previous lows against BTC.
The ADX & DI is also showing momentum is being built and also has some bullish divergence happening at the moment as well.
*Disclaimer*
Not...
If the last 10 years were bearish, we are literally days from the most bullish Litecoin price action seen up to date. This is possibly THE most bullish crypto project out there at the moment.
As always: remember of your risk/reward, have a stop-loss in place, don't forget to take profits.
LTC is holding its diagonal long-term Channel and is currently sitting on the midline of this channel.
In the past, we have seen how BTC dominance has shown weakness and brought a lot of momentum to LTC.
LTC is now at a point of another bullish swing to its BTC pair. This will be a swing to the following resistance labeled as R1.
LTC Historical swings since...
Litecoin looks to be in heavy accumulation, expecting one more shake out (savage one) - and then a pump of the ages like DOGE.
So long - but expecting liquidity grab first.
playing same as 2017 march it will break this march idk dollar wise where it goes until then but i think last 2 days and btc should start moving if 40 k doesnt hold then we will go down until march and alt season starts but i think btc is done here correction 40600 will hold
Welcome to this quick LTC/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- LTC/BTC Triangle pattern create to buy the dip and retest green zone
Entry:- buy green zone
Traget:- 20% to 25%
Stop loss:- 21MA Yellow line downside candle close
Remember:-This is not a piece of financial advice. All investment...
Litecoin dominance has been a downtrend for four years by the end of February 2022 the pattern will break. As you can see even though its not the perfect Gann placement we still get very good reactions off the 4/1.
Also not sure how the MFI is exactly working on the dominance chart but it is so we can clearly see that it does show divergences pretty accurately....
Looking at these charts tonight, and I am so used to these day comparing LTC/USD. After trying to hedge LTC/BTC since 2017 hay day (for me). Its been a slow down hill trend for many years, but I think you will agree with me that with certain recent announcements with Mimblewimble, as well as a break out in the LTC/BTC long term down trend. We could very easily see...
I first bought LTC in March of 2017.
LTC runs hard and fast with the other Alts with BTC is hot.
Look at the price action in LTC when BTC hit 69k LTC as compared to the previous blow off tops. The EMA Ribbon did not even flip green on the weekly chart.
I see big upside with the current price @ 0.0035.
In the next leg up, it "could" go 250x if it were to...
