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LTCBTC

A big cap dinosaur is waking up!Hello there, I still believe in Bitcoin protocols, so here is my view on BINANCE:LTCBTC , enjoy! American elections sent market crazy and that's why we have seen a rise in volatility since the last week of October and the beginning of November. Lately, both stocks and cryptocurrencies has gone up and I believe this bubble will keep growing until Trump is putting some uncertainty back into the investors. So here we are with a fresh new chart about an old fossilized Bitcoin protocol. Litecoin at its finest is a censorship free decentralized currency running on its own blockchain since 2011. Alike most of old cryptocurrencies its price has fossilized too and hasn't moved a lot in the past few months - it hasn't moved upwards indeed, especially on BINANCE:LTCBTC pair. Now, let's review some technicals which state the clear bullish setup I've drawn. Trend is evidently bearish and next move won't reverse it at all on daily base, as BITSTAMP:BTCUSD won't go through enough sideways/bearish time for it to grow more. Still it has some room upwards to fill and current Bitcoin move is setting some basis for it. In fact, price action is stuck inside a falling wedge and running below a falling trendline (the blue one) which is very likely to be broken and prepare some further bullishness. All those levels you can see marked on chart are based on Fibonacci retracement: one on larger (white one) timeframe, the other (red one) on current resolution; white has reached it's very bottom at 1.618 level, which was the target for a bearish Gartley pattern, red is stating the formation of a Butterfly pattern (which misses D at 1.272 Fibonacci level). Most of indicators are bearish, meanwhile relative strength index formed a large bearish divergence on daily chart, stating a possible bullish turn. A trading strategy: the very best strategy is about buying at breakout and selling resistance, so I'd recommend you to buy once it has finally broken the falling wedge; nonetheless I'm pretty confident about this, so that in my opinion you can safely accumulate some at red Fibonacci 1.272 support (0.003615) and unload your bag at white Fibonacci 0.618 resistance (0.004880). In either case, you need to set your stoploss below red Fibonacci 1.618 (0.003468), which is an important bearish continuation level. Hope you liked my altcoin trust, see you on next prediction! Trade safe and take care. Anlvis
Long
by Anlvis
3
💡 Don't miss the great buy opportunity in Litecoin/Bitcoin Trading suggestion: . 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. Technical analysis: . 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 dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.004600 TP2= @ 0.005050 TP3= @ 0.005580 TP4= @ 0.006380 TP5= @ 0.008075 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
17
💡 Don't miss the great buy opportunity in Litecoin/Bitcoin Trading suggestion: . 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. Technical analysis: . 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 dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.004600 TP2= @ 0.005050 TP3= @ 0.005580 TP4= @ 0.006380 TP5= @ 0.008075 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
25
Litecoin Prints Bullish Candlestick Pattern + Green DivergenceWe have bullish divergence with the MACD for LTCBTC starting around 23-Sept. We also have this divergence present with the RSI starting 20-Oct. Looking at the last three candles, Wednesday, Thursday, and today's candle, we can see a bullish pattern starting to form. Prices are now challenging EMA21 and trading above EMA10 with rising volume... All that is needed to complete this bullish setup, is a close above EMA10 (0.003879) when today's candles close. (Candle closure is needed for confirmation). Conditions for change This bullish chart/setup/analysis is invalidated if prices move and close below the last low at 0.003633. Any trading above this level and we continue aiming up. Namaste.
Long
by AlanSantana
5
Will LTC (Litecoin) outperform BTC (Bitcoin) ?Do we see a reversal here and will LTC outperform BTC? On the lower timeframes 1h and 4h we saw already a reversal 20 EMA crosses up the 50 SMA. If The 20 EMA crosses the 50 SMA on the daily candles we will see a clear start of a new uptrend for LTC against BTC. On the .236 fib we see some major resistance: - The .236 fib level. - The 200 SMA. - And always look left. If we can break this level we could find some major support here. My targets for the long run: .004683 (.236 fib) .005333 (.382 fib) .005858 (.5 fib) .006382 (.618 fib) .007130 (0.786 fib) .008082 (1 fib) I will take 30% profit around every fib rule and buy it back when it hits around the previous fib rule or makes a reversal. Example, when it hits .382 fib I will sell 30% and buy it back when it hits the 0.236 fib or makes a reversal. To be clear. In 80% of the cases I don't have auto buy or sell orders. Most of the time I use alarm signals based on support and resistance + fib rules. StopLoss, I don't have a Stop Loss right now on the LTC/BTC pair. My Stoploss is on my LTC/USDT pair. If we move above the .236 fib I will move my Stop Loss to this pair and put it around .00445 !!! Never loose a winning trade !!! Sheers,
Long
by seoco
2
Litecoin 6 year chart - GOING TO $400! IF LTC breaks this blue line - lights out m0z3RFak3rs! Going to $400.00. In fact, Jerome Powell himself will proclaim LTC as a new reserve currency just because ya'll anal.ists don't know $h!t Save this analysis on your home screen, download it in JPEG, print it and put on your wives windshield. Cosmic gates open only once...well sometimes twice. This is your second chance to F it up. Good luck fellas. Dont do anything stupid like buy LTC and hope it shines moonlight on you.
KRAKEN:LTCUSDLong
by bossmodetrader
LitecoinFor the very first time since December 2017, Litecoin touched the 2nd lowest point right now in November 2020 on this date. This crypto has a powerful position as an exchange between the Euro, British pound, and the US dollar. So what's going on with Litecoin right now at the lowest line? Is there something for the ecosystem that needs to update so it has to pass the lowest point line? However, those questions would be easy to find the answer to. The most important thing is Litecoin has a very good brand as Crypto Exchange and now, at the lowest support line. I need to find the other clues. While Bitcoin and Ethereum already start growing. litecoin.com So, wherever Litecoin may lead away, I will be there to surf the waves. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
Long
by RyodaBrainless
LTCBTC Daily Longterm ChartLTCBTC is making a massive longterm falling wedge. Now a smaller falling wedge has formed within it. Could still spend a few more weeks down here potentially, or go lower so the Fibonacci retracement is subject to change. This is one to watch for a reversal sometime soon. Selling on the Monthly chart also seems to be running out of steam, indicating potential for a reversal before the close of the next monthly candle (December). Very possible to reverse before the end of this month as well. I would look to buy as soon as lower time frames start to turn around, or the smaller wedge makes one more bounce within the pattern.
Long
by Fibonacci13