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LTCBTC formed bullish BAT | A good long opportunityHi folks hope you are doing good, in my previous idea of Litecoin with Bitcoin pair we have seen that the LTC had formed a complete bullish Shark pattern 12 chart. The formation of that pattern was started on 26th Dec 2019 and completed in 8th Jan 2020 and we have seen that on 8th Jan 2020 the price action moved up with the powerful divergence and produced more than 45% gains. Another bullish harmonic pattern. This time on 1 hour short term chart after successful formation of previous bullish Shark pattern the Lite coin has formed another bullish BAT pattern and entered in potential reversal zone and ready to move up at any time. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 (here i have ignored extra spike) Fibonacci and then B to C leg is projected between 0.328 to 0.886 Fib of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.006246 to 0.006225 sats Sell between: 0.006297 to 0.006375 sats So this very short term trade can be a good long opportunity. Stop Loss: The potential reversal zone area that is up to to 0.006225 sats can be used as stop loss in case of complete candle stick opens and closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
Long
by moon333
LTC/BTC ANALYSIS (SMALL CORRECTION BEFORE TAKEOFF)LTC/BTC ANALYSIS: LTC seems to have entered a small accumulation phase after topping off at 7800 sats. I would like to see a small correction back down to 7000-7100 sats for a prime long entry zone. LTC has plenty of room for growth. The next major resistance zone is not until over 8500 sats! The key entry zone would be the 7100 sats and below. The future outlook is to hit Target 1 of 7980 sats, Followed by T2 at 8330 sats. Lastly, the main target is inside the next resistance at T3 of 8900 sats. I expect a strong rejection and possible retrace upon entering the new target order block. RSI and stoch has topped off at the current state, so a small correction is expected before the next wave up. Place buy order accordingly! Possible Entries: 7000-7100 sats
Long
by altchicasignals
Don't miss the great buy opportunity in LTCBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00705). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.00785 TP2= @ 0.00900 TP3= @ 0.01000 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in LTCBTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.00705). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.00785 TP2= @ 0.00900 TP3= @ 0.01000 SL= Break below S2
Long
by ForecastCity
14
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have. Buyers are threatening to trigger capitulation on the Weekly: This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening. I was glad to be rid of the resistance and loaded more. This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it). Momentum triggers, shorts cover and smart money continues to buy strength. Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward... Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence. My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing. Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
COINBASE:LTCUSDLong
by ridethepig
1
LTCBTC forming bullish Shark | A good long opportunityPriceline of World's 6th largest cryptocurrency out of more than 2300 cryptocurrencies LiteCoin (LTC) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of LTC price action's moves: After inertial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection here I have ignored a little bit difference, and final (C to D) leg is suppose to be retraced between 0.886 to 1.13 Fibonacci for a perfect bullish Shark and then the price action will be entered in potential reversal zone of this bullish Shark pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.005560 to 0.005448 sats Sell between: 0.005660 to 0.005885 sats Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Long
by moon333
Litecoin:BTC Push Through!Hello All, I am trying to be more consistent with my publishing and I wanted to post this since litecoin did break through the purple resistance. There was some sort of inverse head and shoulder, and it broke through the resistance, currently for the macro picture. it looks like it broke out of the descending channel in purple. This is really good as currently, it looks like litecoin is in a much larger descending channel and with the strong movements it had last run, I suspect that there will be a strong chance to reach the top of the channel which would be an approximate increase of 100% against bitcoin. I have marked all of the horizontal resistance regions with red rectangles (all of these areas are possible points of accumulation or reversal). Shorter Time Frame Analysis: In this image, there appears to be a complex head and shoulder, with two shoulders on the left, however, it is possible this left shoulder may not be symmetrical. If it is not, I would be suspecting strong moves through the resistance and a consolidation above it. If the left side forms a second shoulder because it is rejected at the resistance. I am looking for a retracement back to 6800 satoshi's. Best of Luck and Stay Technical! Previous Analysis:
by CuddlyCuddles
ridethepig | LTC Market Commentary 2020.01.31LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows. In any case, I am happy with the first targets at 64.xx, but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x. The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows: Good luck all those buying dips in LTC and BTC. As usual thanks for keeping your support coming with likes, comments, and etc!
COINBASE:LTCUSDLong
by ridethepig