LTC/BTC are in Strong support zone Ratio are in strong support zone ( 0.1200 - 0.0800 ) , be careful and follow up the market to find reversal candlestick patterns in this zone.
LTCBTC trade ideas
Focus your gaze on LTCDear my friends,
Yesterday I analyzed BNB's position against BTC.
Today I also send to my friends an analysis of the price correlation of LTC compared to BTC.
But before talking about price, please observe the volume of LTC compared to BTC. Is it gradually shrinking and waiting for a chance to break out?
Now let's observe the price to find this opportunity. First there was an unsuccessful breakout in March 2022. Then it hit the trendline and bounced strongly again to break out in October 2022. Again it failed. And now, when you look at the chart I drew and you can see why I said it's time for LTC to move and regain ground.
I will immediately enter a SPOT order here and TP in turn at the resistance zones above.
ETH, BNB have begun to regain ground. And now it's time for LTC to step in.
Best Regards,
Litecoin is about to smoke BTC in the next 2 monthsLTC/BTC about to complete the Spring phase. Keep this idea in mind and we'll talk in 2 months from now. 185% coming for LTC/BTC
Litecoin is up 33% v Bitcoin can it continue?Chart suggests it has a chance ... right ?
What do you see?
certainly gaining ground and we have clear key ratio that if it clears
we will likely see continuation in this ratio.
LTC/BTC Pair Consolidation LTC/BTC consolidation can last for the next 4-5 days from now.
I am currently waiting for a triple bottom 😃
Is there potential for Litecoin?🧐Hello, dear friends!🫶
The potential of Litecoin, like other cryptocurrencies, depends on various factors including market conditions, technological developments, global adoption, investor interest, and several other factors.
Litecoin, like other cryptocurrencies, may experience significant price fluctuations and volatility in the market.
Some investors and analysts see growth potential in Litecoin due to its fast transaction speed and low fees, making it an attractive means for quick and inexpensive fund transfers. However, like any investment asset, there are risks, and the success of Litecoin will depend on a wide range of factors, including market competition, technical innovations, and external economic factors.🤷🏼
After the last halving, the price surged from $40 to over $300. Note that Litecoin's price against Bitcoin has not risen since 2019, but its potential is no worse than many others that are experiencing significant pumps!🚀
I believe that by the end of this year or early next year, Litecoin will continue to grow. And if the price of Litecoin against Bitcoin also increases, the growth potential could be significant.⚡️
We will continue to monitor Litecoin's price movement, especially the wedge that has formed against Bitcoin! It's very interesting!
How do you feel about Litecoin? Do you prefer "quiet" coins or do you like to chase hype? I'd like to hear from You in the comments!
Thanks for Your attention, subscribe to stay connected!💙💛
Sincerely yours, Kateryna💋
✳️ Litecoin | Negative Action Can Be A Positive SignalNegative action can be a positive signal. This is based on the fact that we know the Cryptocurrency to be a newly developing and growing market.
Seeing Litecoin going down long-term, can be interpreted as a positive signal. I will add some context.
If this were a different market, say the fax machine market or the mail market, the stock market or something old going bust, then negative action can be really bad.
Knowing that it is a new, great and growing market, Cryptocurrencies that is, negative action for a long period of time can be a positive.
Here Litecoin can be seen dropping forever and hitting a new All-Time Low this month, February 2024.
This is the LTCBTC pair because the LTCUSDT pair is not the same.
This is another reason why negative action can be a positive signal.
Litecoin hasn't been dropping forever on its Tether pairing, only against Bitcoin.
This means that the project is alive and not done.
So this pair is only waiting for its turn to wake up, move up and grow.
This is possible based on the chart:
➖ Highest volume in months just came in following a stop-loss hunt event (double bullish).
➖ A year long bullish divergence with the RSI.
➖ All-Time Low.
An All-Time Low is always a bullish signals because the only place to go after a bottom hits is up. The same works in reverse: Once a pair trades near All-Time Highs, it can drop any day.
Stay strong, stay true, stay healthy, stay safe.
Take profits, enjoy the profits, be grateful and comeback for more.
Thank you for reading.
Namaste.
LTC RALLY AGAINAFTER ICP I RECOMMEND THINKING OF LTC;
As BTC continues its bullish price movement, by starting another Alt-season LTC could be a good asset to hold.
do you want all $BTC pairs on Binance?Hello everyone, do you want all BTC pairs on binance as a watchlist?
I have prepared it for you here, just click on the link and save it as a watchlist. I wish you the best.
www.tradingview.com
10 year wedge about to breakSelf explanatory, there is a 10 year wedge with no room left to squeeze happening on LTCBTC
On chain metrics for LTC show usage, hash power, wallets, daily transactions all rising rapidly over the last 12 months. Everything for LTC is up except for its price.
Expecting something explosive once this wedge breaks. 10 years for a wedge is unprecedented when it comes to crypto.
10 year wedge while showing on chain fundamentals 1) As we know LTC is one of the 5 tokens currency cleared by the CFTC as a commodity.
2) Coinbase has filed to beginning trading future derivatives of LTC starting in April (as well as BCH and DOGE)
3) An ETF is highly probable if the price of this asset increases enough for it to be worthwhile.
4) New Chart now has on chain fundamental for LTC to compare to
5) LTC is the #1 most used coin for crypto payments, it surpassed BTC in decemeber and is now more then the next 3 most used coins combined on bitpay, the largest current crypto payment provider.
6) Venmo has added LTC as a payment option
This chart looks a lot like doge pre pump, almost identical actually and its fitting seeing as how DOGE is an old LTC fork
LTC/BTC possibly bottomedWhat we are seeing is an oversold Litecoin/Bitcoin ratio, which we can see from the RSI and its bullish divergence. The upside potential is highly dependent on how Litecoin performs in the coming weeks. Now its time to HODL and chill.
LTC/BTCAnticipating a déjà vu from Dec 2017. A glitch in the Matrix.
BTC to continue rallying, finish bleed alt/BTC pairs, then FOMO to alts.
Avoid anything that hasn't survived the test of time.
Unless you're strong enough to be a bag-holder.
New Target for LTC/BTCNew targets are 1.295 and 1.618
It doesn't mean that LTC/USD will go down.
But I suspect BTC/USD will go up and riding high in April.
BTC Dominance has to hit .618 (at around 60%) in order for alt coins to go up higher against BTC.
Otherwise, Alt/BTC pairs will go down building new lows 😃
LTC/BTC is looking weak After the correction in the crypto market, I'm seeing weakness on LRC/BTC pair.
Current 4H and Daily are trading, retesting and closing under weekly support. Potentially can go double bottoming soon.
I will no longer try to find the bottom, it's very tricky to find the bottom on a chart that creates new bottoms 😄
Maybe we have to run out of BTC first in order for LTC/BTC pair to start appreciating 🤔
LTC BTC RATIO IS ABOUT TO REVERSE AND GO STRAIGHT UPMarch 1st 7 years ago this exact thing happened as soon as Bitcoin broke the high. Lets see if history rhymes. It may just look like a bunch of lines but these lines are all trendlines. many times price falls right into where X marks the spot. The more trend lines that go through that price the more likely the price will retrace to that exact spot and time. This is not financial advice. Good luck out there.
LTCBTC poking its head out, breakout tradeWe've closed a daily candle after solid breakout, which means we're now going to the moon.
I honestly think LTC will be one of the best performaers in this bull cycle.
The bottom was in (you can see significant volume and it was a V shaped recovery) and now we'll be making our way up.
The only thing that could ruin this party (as always), is if BTC makes a sudden breakout to either side, that will most likely invalidate this chart.
Get involved!
LTC/BTC hit bottom, time for a double/triple bottomThe ratio for LTC/BTC could play out something like this.
March will be a boring month, but you could make some money if you trade the range.
We will see tho!! I know for sure, April we will be riding on top 😃
LTC/BTC new bottom rangeWill get hit and off we go from there. Targeting LTC/USD at 66-67 bucks.
Bullish until April 2024.
Things about to be surprising.
Doge/BTC vs LTC/BTC The small image is an 81% drop from Doge/BTC in 2019-2020 before the spike up.
LTC/BTC just did a similar 81% drop move.
These are 1 month candles. So don't expect for price action to happen tomorrow 😆. But LTC/BTC surely is within the bottom.
LTC/BTC can go up anytime in March - April and you'll drop your jaw.
LTCBTC Potential ReversalLitecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring it remains above the 0.001341 support. Should this condition be met, LTCBTC could be preparing for an upward surge toward the 61.8% Fibonacci resistance. Notably, this level aligns with a previously established supply/demand zone, adding an extra layer of significance to the potential reversal scenario.
Is LTCBTC Aiming for 1111 before any upthrust?The fib level 0.618 (0.001111) is an attractive target considering LTCBTC had significant reaction to the 0.5 fib level. This is the only explanation I can come up with as to why Litecoin wants to go this low with its strong fundamentals.
*LTCBTC* Here is LTC Chart. - Spot Trade - CPM 0.001361Litecoin's journey against Bitcoin has largely been marked by a persistent downward trend, yet today's observations hint at a potential shift in momentum. A noticeable rebound has materialized, precisely rebounding from the 441.4% Fibonacci support level, suggesting a possible end to the decline.
To validate the likelihood of this reversal, close attention must be paid to the daily closing prices, ensuring they maintain levels above the 0.001341 support threshold. Should this condition hold, LTCBTC could be poised for an upward surge towards the 61.8% Fibonacci resistance zone. It's noteworthy that this level coincides with a previously established supply/demand area, amplifying the significance of the potential reversal scenario.
