10x possible for LTC/BTCafter really strong bear run and long accumulation of LTC/BTC, it seems like LTC hit bottom and found its support. I really see a long opportunity of LTC against BTC.
LTCBTC trade ideas
$LTC - Flip 3600 sats and we will finally smash ATH's on $ pairLTC is mega bullish rn
Dollar pair has a bullish pennant very close to breaking
BTC pair has almost hit all time lows, with a reversal pending
Could also argue major bulldivs on the 1W TF here
If we claim that thick black line, around 3600 sats, we should flip the trendline and add extra fuel to the dollar pair to send it past $300
As-long as BTC can continue ranging and not dump this should play out!
LTCBTC look amazingHave you ever did an analysis and at the end you found yourself laughing. Well, here it is. LTC has good potential to double your asset very easily, once we broke out the descending channel gains will be amazing.
Weekly time frame shows that there is no humps in the up so let's see the rocket launching.
Happy profitable trading day. Cya at the moon 🚀🚀
Litecoin (LTC) - Is this not Bullish or What?Last week I had posted a LTCUSDT chart outling the massive cup and & handle pattern Litecoin was forming which has since broken bullish. While are are up $50 since, I think it still has quite some way to go. A reasonable mid-term target is $360 to test the previous all time highs. Litecoin thus far has been one of the few coins that have yet to broken it's previous 2018 highs. We had Bitcoin break it's first, then Ethereum, and then Cardano & Binance. It's very probable that Litecoin is the next in line.
If you think the LTC/USDT looked bullish, LTC/BTC chart looks even more bullish. It has been in a massive weekly descending triangle that has gotten extremely tight. Furthermore the last few months we been seeing increasing volume (sign of accumulation) anticipating this break out. On the fundamental side, Litecoin is also about the release it's long awaited Mimble Wimble update, a project that they been working on for around 2 years. With Mimble Wimble, Litecoin will not only be just a faster and cheaper version of bitcoin, but also have the option to send payments confidentially. This should provide additional fuel to go further. In fact it wouldn't surprise me if Litecoin shoots pass $500 once it decides to move.
The caveat is that the overall crypto bulllish sentiment remains intact. As we seen before, if Bitcoin dump pretty much everything else goes with it. But if you are bullish Bitcoin and crypto; Litecoin is my number one pick.
LTC has broken triangleOn 16 Nov 2020, Litecoin has break the triangle indicated by the bullish engulfing candlestick. Today, the price has to commit above 0.0044btc to keep up the bullish trend and bring to the moon again. Historically, its has been recorded 300-800% uptrend since year 2015. With the 15% last week increment, could this silver crypto make the history repeated again?
Shafiq Neurotrader
Is it time for this baby to go flying?? It’s been years in the making and this coin is finally seeing some movement. We have just conquered the 200MA on the daily, this is very big news. A very bullish RSI divergence on the daily, all these signals point to a bullish scene.
As always, this is not financial advice and you should DYOR
LTCBTC short term bullish trend (possibly long term)You can see the double support on the bottom, it is unlikely it will fall. If it does fall, you should probably sell. But if it goes up, it can grow more then 10% and even more if it breaks the upper support.
Longterm LTCBTC Descending Channel / ValueThis chart shows the relationship between Litecoin and Bitcoin. The LTCBTC pair shown here suggests if you are going to invest in cryptocurrency, Litecoin is not the best option. It's still better than being in cash (not shown, but it has done very well since inception), but Bitcoin has been better.
LITECOIN TO $2,000. BY AUGUST! THEN A SHALLOWER BEAR MARKET.MASSIVE CALL.
BUT IT COULD VERY WELL PLAY OUT!
DONT BET AGAINST LITECOIN.
LTCBTC bullish pennant potentially formingLTCBTC looks to be forming a potentially bullish pennant on the 4-hour chart (yellow dotted lines). This looks to be somewhat confirmed by the hidden bullish divergence on RSI (dotted yellow lines on RSI and price), looking more likely to indicate a continuation upward based on the short-term trend.
There is still some potential for the trend to extend further forward for hours/days, but it is good news for LTCBTC that it has not trended downward yet (particularly when BTCUSD took a dip over a day ago).
If the pennant breaks upwards, the resistance looks to be at the upper part of the wedge I mentioned before (blue dashed lines). If this resistance breaks, LTCBTC has the potential to break from the year long descending wedge and the opportunity to take on a YEARS long wedge instead (see my previous posts for details).
At the very least it should be interesting to see which way the current wedge breaks over the next few hours/days.
Expect The Price Bounce From Here📥 Let’s Explain The Current Situation By Elliot View :
1️⃣ : Wave 3 (Impulsive) Finished At The 4200 PRZ Zone
2️⃣ : At The Moment The #LITECOIN Price Sitting Above The 3800 Support (Previous Pivot ,Minuscule Wave 3) ,This PRZ Zone Is a Important Level So It Could Be a End Of Wave 4 (Corrective Wave)
👉 Next Resistance Are 4000 ,4200 And 4450 .We Expect The Price Bounce From Here And Start a New Impulsive Movement
LTC/BTC Long (please discuss)LTC/BTC waiting for possible breakout. Wait to buy lower near the box, if breakout doesn´t occur, i´m confident that there will be another chance to sell higher.
The phoenix indicator clearly shows a top, the price can still range in the upper range for more than one or two days before falling down to the box. If it doesn´t fall in the box and volume is high, i would consider buying higher to not miss the breakout, but only if there are clear indications. For now i think we will fall back a little, which is either way a good chance to buy.
Please discuss - open to critique.
4 HR perspective LTCBTCAs the price approaches the weekly resistance line, in black, we could get a retrace just under .0037 BTC if you are Looking for scalps. Strap in folks, because there is very little in the way inside the huge gap between the weekly resistance line and the historical monthly resistance. Previous analysis path (IN Blue) still in place.
LTCBTC nears year-long wedge top againIn the past week, LTCBTC broke out of the wedge of which I have been speaking for a while now, but now looks to be heading toward strong resistance as it hits near a wedge that has been forming over the past year (dashed blue lines). The wedge itself has the potential to go until either summer of 2021 or even into the end of 2021 (e.g., if the small, solid-yellow trend line breaks, which some have claimed looks like a potential descending triangle pattern), but I figure it good to bring to anyone's attention who watches litecoin.
If this wedge were to break (and again, it is just an opportunity, as the wedge has potential to continue for months), the next point to watch is the long term trend which has been forming a wedge for many years. If that level ever does break upward, the potential for LTCBTC could be rather large.
The current likeliest scenario that appears supported by hidden bearish divergence on RSI (white line) looks to be in favor of LTCBTC staying in the downward trend either continuing in the wedge (dashed blue lines) or potentially continuing into the descending channel (yellow dotted lines), but the current point of resistance definitely looks to be a point of interest for anyone looking for LTC breakout possibilities.
A lot of the direction will likely dependend on the price of BTC, as a steep drop or a drastic reversal for BTC easily has the potential to sway LTCBTC in the downward direction.
TIme to buy LTCIn September 2018, i assumed that LTC would rise against BTC before LTC halving and also after the BTC rally which will happen after the BTC halving. The first has already happened, it is time to buy LTC before the next growth. Here is time to buy LTC.
