Reasons for open position:
- Price made pullback to broken trendline
- 91.50$ is strong level
Guys, if you like the idea please put like button and if you have your own ideas you can share it in comments, I would like to see it.
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LTC just experienced the Halving event. The current cycle is repeating methodically the 2015 sequence and so far we have reached the point where the 1D MA200 is supporting. This MA period previously held throughout 2015 - early 2017 up until Litecoin initiated its super strong rise to the mid $300s peak.
There is no reason to expect something different this time....
Pretty low risk short entry anywhere in the mid 30s. Stop loss will keep you safe. If you look at the last halving LTC lost a whopping 75% in the 56 days leading up to it. We are now in that same week...55 days until the next halving. Doesn't mean the same will happen, but it should top out pretty soon. If it does break out here and get close above, 220...
but ya i purchased while drunk tonight so fuggit
btc is bout to dump btw
ps- im holding this long term.
pss- i'm an amateur who thinks for himself based on his own research.
listen to me you get rekt
Blue log curve is our new long term parabolic up trend; Blue dashed line represents the linear form of the parabolic trend; Orange dotted lines show the current linear channel. If the blue log curve holds we can expect new break out later in the year around November, if it does not hold then the linear lines (blue, orange) should hold.
LTCUSD In Daily Charts we see the ascending triangle pattern.
I think Taking entry now is Bid Risky But there is the best Risk to Reward setup 7% Riska and 27% Reward this is only for the Risk taker
First target at $ 101-second Target at $125.
For Non-Risk-taker wait for Market Break upside of Ascending triangle pattern. Target is $125 After Ascending triangle...
Hello, here is a config for my indicator Cyatophilum Bands Pro Trader V4
About the backtest below:
Short + Long Strategy
10% of 10 000% equity per trade. Net Profit can be increased with a bigger % of equity.
Strategy data from 2019/01/01 to 2019/05/01
Litecoin is struggling to hold itself above a key support level around $90. LTC did not manage to hold the $100 mark, which has been tried and failed. If the 3D is going to close below this level tomorrow night, the picture is going to change to more bearish, possibly heading down to labeled supports. The Key-Leadline is broken and tested several times from below....
Litecoin rose along with Bitcoin, but to its own tune/frequency.
It had perfect 4.236 and 4.618 extensions, common wave-enders.
Now watching for the common pullback to Band 2, for bullish bounce.
Every line is worth watching closely, as price should react.
The exact Pings of band 4 imply the same coming down.
Band 2 is common retrace, but the 1.618 is possible as...
Litecoin has reached a true Hot-Spot, where one could probably say the near future of LTC is written in this area. I am going to keep a close eye on this development, simply cause it can influence the entire market. This could be a bearish retest of the former leadline (or a dramatic break-out). Also, SMA200 is in a direct way including the falling trendline since...
5M is too small for most people, however, it provides important signals that bigger time frames does not.
LTCUSD has formed two shoulders yesterday, which are indicated on 5M time frame by "9 Seasons Rainbow Indicator PRO".
These OverBought (Yellow) signals helped me stop manually the long trade in Breakeven.
See the 5m Snapshot in the update underneath if it...
OverSold(Blue) in small time frame 15m based on Bull, BullRest, CrazyBought - Green series in large time frames( > 1H) is one of the best Pattern to Long.
OverBought(Yellow) in 2H is a negative signal, but it should work with OverSold in small time frame for Shorting.
LTC 15M Day Trade Plan using 9 Season Rainbow
Entry Point 1: 56 - 56.5 40%
September is typically when smart big money investors and traders return from their summer vacation.
ltc is still a bit bearish but it is completely near the bottom...low leverage and spot traders should begin averaging down if i were you.
higher leveraged swing and day traders should open shorts below 47 til about 38 for profit taking!
im already in a 100x...