Are we going to repeat the same 2018 pump? Hope so, bullish pattern repeating again. Hope this one now keeps setting higher bullish, not a bear trap like 2018!
- On the weekly scale we can spot a huge falling wedge - bullish pattern.
- RSI indicator is printing a bullish divergence.
- Profit target is 0.618 FIB retracement.
- Litecoin can explode anytime right now!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below...
Trading strategy:
Risk always 1%
When we reached the first target, we move the stop loss to the entry price.
Every time we reach a new target, we also move the stop loss and secure the profit
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Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond.
Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc.
But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies...
LTC tested overhead, multi-year, linear resistance against bitcoin and the huge falling wedge pattern that has formed. Looks like this may be the mid-November correction like we had in 2017 (but it might not, never know for sure).
I don't think we'll see a 100% retracement like the last LTC pump and that's due to the bullish news of the token, but I do believe...
Hello TradingView Family,
I found LTCBTC chart interesting. Here is why.
LTCBTC has been bearish for a while. HOWEVER...
We can clearly see that the bearish impulse movements are getting smaller and more flat. So from a market structure perspective, this is an early alert that the buyers are losing strength.
Moreover, LTCBTC is currently sitting around...
Hello.
I believe in a rise of LiteCoin, and here I present the reasons.
Contextualization
Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs.
Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network.
However, it is noteworthy that the...
At some point in the future Bitcoin will be used as corrporate and international settlement and take the place of the world reserve currency, probably around the same time everyone will realize what Litecoin is. Hold on to this one for your kids.
Descending triangle pattern - about to break out.
indicators showing good signs. MACD just crossed.
Based on Fibo levels, I see LTC spike 800% from current price.
Breakdown for the Zoomers:
The best way to determine a particular cryptocurrency's potential break out is to view it's pairing with Bitcoin. With Litecoin...that history goes back a LONG ways since it is THE OG alt coin. As you can see on the monthly chart, Litecoin has been in a falling wedge since basically it's inception. When it moves up within this wedge...
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on...
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on...
the ones that still not break the BTC.
let's go!
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its...
