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Ltcusdlong

$LTC is a Sure Thing. FREE MONEY! +150% to ATH, New ATH?LTC halvening by August 8th is very something. People learn that this halvening will drive price crazy. That's why. Lazy desc. You'll know how to make money here! ************************************************************************************************************************************************** If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot! TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit. -------------------------------------------------------------------------------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform
Long
by blockchaindedi
Litecoin is halving in 2 months. I'm buying hype & selling news.Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Sawcruhteez Strategies: Comprehensive Trading Strategy - Consensio | Comprehensive Trading Process | How to BUY THE DIP | Advanced Dollar Cost Averaging Methods Consensio: Bullish Patterns: Daily ih&s Horizontals: R: 0.015 | S: 0.0145 Trendline: Parabolic SAR: D: 0.0133 LTCBTCSHORTS: Shorts are at support but longs aren't overbought TD’ Sequential: Today closed daily G3 > G2 | Weekly G2 > G1 Ichimoku Cloud: Daily is getting very close to a kumo breakout and a bullish kumo twist Relative Strength Index: Getting overbought but still room to go on Daily Average Directional Index: 4h needs to cool off. D still hasn't started a trend. Bollinger Bands: Testing top of daily band | Back above weekly band Stochastic Oscillator: Weekly buy signal Summary: I am buying spot Litecoin and I'm also opening leveraged longs on LTC:BTC. The game plan is to hold onto both until the ratio reaches 0.022. At that point I intend to cover the LTC:BTC long and trade the spot Litecoin for BTC. I am primarily interested in this trade because of the Litecoin halving, which is scheduled to occur 10 months before the Bitcoin halving. I believe that this presents a unique opportunity and will be using the previous cycle as the primary tool for my analysis. During the last cycle the LTC:BTC pair peaked a mere 3 days after the halving day. In this instance buying the hype and selling the news worked like a charm. I am inclined to think that the same thing will happen again. We can draw a trendline using the low of May 24th and June 3rd which provides strong confirmation of the price and time target. If the price respects that trendline over the next 2 months then it would take the price to the top of the bull channel at 0.026 very shortly after the LTC halving occurs. This is what is illustrated in the original chart with the first dotted maroon arrow that goes from May 24th to slightly after August 5th. At that point I would be expecting a sharp reversal which takes the exchange rate back to the bottom of the channel which waits at 0.011. In 2015 Litecoin halved 1 year before BTC. The LTC:BTC pair started selling off immediately after the LTC halving. The selloff continued for 9 months after BTC halved. To me it makes sense that very similar action will happen again. Overall that would actually be very bullish for Litecoin. It would create a third higher high and higher low since 2017, which would illustrate LTC appreciating long term versus BTC. From a fundamental perspective I cannot understand why Litecoin would appreciate versus Bitcoin...LTC's main value proposition is faster / cheaper payments. If faster / cheaper payments was the utility of cryptocurrency then it would be doomed for failure. Services like Paypal and Venmo will always be faster and cheaper than blockchain oriented protocols. That is because decentralization is costly and is only needed for one very important purpose: deflationary supply. The cost of decentralization is not economical for cheap / fast payments but it is entirely vital for sound money and / or a reserve currency. Bitcoin is just that and therefore has the ability to challenge the US Dollar and Gold as the preferred reserve currency. Litecoin promises cheaper and faster payments which means that it competes with Paypal and Venmo. 'Competes' is quite generous because the latter services are far superior at delivering that value prop. In the long run (10 years +) I expect Bitcoin to out-return Litecoin by a very large margin due to the fundamentals outlined above. Nevertheless the technicals are screaming at me that Litecoin will outperform Bitcoin in short term (weeks - months). For short and medium term price movements I trust in the technicals above everything else. Therefore I am comfortable trading BTC for LTC and / or longing LTC:BTC over the next ~8 weeks. As soon as the LTC halving occurs I will be covering LTC:BTC longs and trading spot LTC for BTC. With all that being said right now doesn't look like the best opportunity to long LTC:BTC. It is wicking of the top of the bull channel while the 4h ADX is overbought. This tells me that a minor correction is coming. A pullback to 0.014 would be a tremendous buying opportunity imo. There would be a confluence of support from the bottom of the bull channel, horizontal support and from Moving Averages. I have already started to enter due to the Daily chart (confirmed ih&s + green 2 above green 1). However I am also expecting a small pullback to 0.014 and will be prepared to add if that happens.
Long
by Sawcruhteez
16
LTCUSD reversed off resistance, potential for further drop! Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
LTCUSD reversed off resistance, potential for further drop! Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
1
$LTC major rection to the upside but will breakout soonHello traders, COINBASE:LTCUSD LTC has been retesting the 117-119 range for a bit on the 4 hour and experiencing major resistance. But as you can see we have long wick and short bodies from sell pressure during the rejection with each attempt as noted which is very bullish. Each one of these areas will be a good place to take profit in "my opinion". Follows grandpa BTC which is very bullish. Lots of shooting star patterns in sight. I think we will see a rally soon.
COINBASE:LTCUSDLong
by trademaster1969
LTCUSD testing resistance, potential big drop upcoming! Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets
3
LTCUSD testing support, potential for further rise! Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish acceleration to our first resistance level. Stochastic is approaching support as well where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDLong
by easyMarkets
LTCUSD testing support, potential for further rise! Price is testing our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). A break above our intermediate resistance (horizontal swing high resistance) might provide the bullish acceleration to our first resistance level. Stochastic is approaching support as well where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDLong
by easyMarkets
1
LTCUSD bounced off support, potential for further rise! Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDLong
by easyMarkets
LTCUSD approaching resistance, potential reversal! Price is approaching our first resistance (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop to our first support level (50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
COINBASE:LTCUSDShort
by easyMarkets