THE EPIC SILVER SQUEEZE OF CRYPTO I hope everyone is doing amazing I wanted to share this perfect and beautiful chart.
A little about my self I have been trading crypto and don't enjoy publicity but I do love charts and what we have today is an amazing HUGE! BULL FLAG!
Not only is it a bull flag it's a bill flag with a double bottom reversal with a limited supply of beautiful SILVER MOON BALLS!
With everything on this chart SCREAMING to of an Epic Bull run that will surely be recorded in Crypto History.
I have been a fan of LiteCoin for many reasons and let me tell you that this with only 84 million coins ....... Dropping the Mic...
Enjoy
Litecoinusd
LTCUSD Outlook for Feb - Mar 2021So you have been HODLing your LTC since $40-70 USD?
Wondering why LTC hasn't seen the same meteoric rise as other cryptocurrencies?
LTC keeps on forging ahead!
Litecoin network upgrade underway
Litecoin is bringing some major changes to its network. Initially proposed in 2018, the MimbleWimble protocol will enable Litecoin to offer increased privacy to its users. The protocol will allow Litecoin to have an added feature of private and non-interactive transactions. The lead developer of the project has revealed that major development has been made in the program implementation.
The code of the protocol is all set for review in March .
Litecoin, one of the largest cryptocurrencies, has lacked privacy, which has acted as a hurdle for the cryptocurrency is gaining more popularity. A new proposal has also been made to Litecoin. MingleJingle is the updated version of MimbleWimble. The developer behind MingleJingle is the same as that behind Monero.
LINK to ORIGINAL
LONG HOLD
LTC A Big Bull FlagThe price action still moving within $170 resistance and $140 support levels.
On the weekly chart, the price action has formed a big bull flag.
Within a bull flag, on the small-time period 4-hour chart, the price action of LTC is forming different harmonic moves, and as it has reached at the end of bull flag which is in fact a symmetrical triangle, therefore, a breakout can be imminent.
My love and personal plan for LitecoinHey folks, I'm sharing my plan for LTC
First I'll go into why I'm holding for the long term and then I'll
dive into my thoughts of the current markets and my short term set up.
First let me state Litecoin is one of my absolute favorite ALTs.
I've held a position in LTC since the 55$ level. LTC doesn't typically get
the hype/attention (or growth) like BTC or ETH but I believe it still has tremendous potential.
Why? Well gather 'round kids.
It's appealing to the new investor with the all too common "unit bias" issues with BTC.
It has practical uses, speed, support and a generous but limited supply double that of BTC.
While many coins have approached and surpassed their ATH, LTC has not
So new Litecoin investors will be happy to find themselves "in" early.
LTC is 140$ currently and that is still LESS THAN HALF of its ATH from $360 in 2017.
People looking for a little less volatility and a little more sustained growth I think will
find the community and supporters of Litecoin with open arms. And I only hope that LTC
won't come prey to these pump n' dump scams although.. it's a very real probability.
In this case I would stay very vigilant with dynamic stop losses as it goes parabolic.
To be honest If I see an enormous and quick rise in LTC I would likely transfer the position
over to bitcoin as the LTC/BTC market spikes for safe keeping rather than back into USD.
Now will LTC hit $360 this month?!?
Perhaps, but imo it's doubtful. But will it hit it's ATH gradually over this year or the next?!?
Well now we can start taking some small, but meaningful longs as the dips allow.
Slowly, but surely increasing positions and generating money that works for
you rather than explodes and vanishes....
I know DCA isn't the most exciting thing, but it works very well over time.
Now for the short term.
Currently Litecoin is trading at 140$ trying to push out of its weekly channel.
If LTC rejects the 150$ level I expect it to continue to oscillate between the $148-120 parallel channel pictured.
If my time allows I would sell partial positions to try and buy back in at the support. But I do plan on holding 85%
of my coins as day trading these levels could prove profitable however missing the breakout could negate these trades...
The support it holds at the $115-120 area is over a month long and well tested. Dips into these areas push me to
further my long position in small increments. Multiple candles below the $115 mark would to me signify a larger
push down to about a $100 and even less. I do not think this will be the case near or long term however it never
hurts to be prepared. My stop loss hovers near the 100$ mark which would still about double my initial investment.
These are my personal viewpoints and they remain flexible.
I hope you found them just a bit informative.
Cheers & Stay safe friends.
-Bruce
Litecoin (LTC) This Will Be A Big Chain Reaction Of Bull RunHey friends, hope you are well and welcome to the new update Litecoin.
Support and resistance levels:
After getting rejected by $170 resistance now the price action is breaking down the $140 support. The next support is at $110.
Up-trend line support:
The priceline of LTC has found good up trendline support on the 2-day chart and testing this support at the moment. At the same support level, there are also exponential moving averages 10 and 21 supports.
Down channel:
On the weekly chart, the LTC with BTC pair has formed a down channel and the priceline is at the support of this channel at the moment. There are 25 and 50 simple moving averages resistance levels above the priceline.
Shark Move:
The priceline has completed a Shark move on the weekly chart and entered in the potential reversal zone.
A bullish Butterfly move:
If we zoon out the same weekly time period chart, then the price action has completed another bullish harmonic bullish Butterfly move. The final leg is retraced up to 1.269 Fibonacci level whereas we need a retracement up to 1.27 so there is a difference of 0.001 Fib level. Therefore it is possible that the price line may drop a little down and then start a powerful rally to the upside.
Big BAT move:
On the very long-term 2-month chart the price action has completed a big BAT pattern and entered in potential reversal zone:
Conclusion:
The price action has formed a small shark then a big butterfly and then the biggest BAT harmonic moves. Therefore there can be a big chain reaction started that will lead the price line to set a new high.
LTC 12h Small correction up, and then down to $100Today's idea is to analyze the movement of the LTCUSDT price on a shorter timeframe within the framework of our global idea. We recommend that you re-read it now , and then come back here.
Two weeks have passed since the publication of the global idea, and what do we have? Now our expectations are being met and the LTCUSD price did not go above $168-170 , the high was $166, after which the price move down.
The most positive scenario for LTC that we see now is growth to $149-150.
After that, most likely, the price will move down to test the first liquidity zone of $97-100.
We have schematically showed the approximate price movement in the LTCUSDT pair for the next six months in a global idea , so like and comment , so that it will always catch up with you and remind you of itself.
And we will publish corrective ideas similar to today's one as the LTCUSD price moves.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
LTC DAILY CHART- In the daily chart we can look for the following opportunities:
1. The price breaks the resistance zone, returns to it to look for support, and leaves us with a reversal pattern, such as an engulfing candlestick, a double bottom with a breakout in the control zone, or candlesticks with a large shadow underneath that indicate strong buying.
2. The price retraces to the new support created after being broken with strong volume, and leaves us with some of the patterns described above (an engulfing candlestick, a double bottom with a breakout into a control zone, or candlesticks with a large shadow below).
LTCBTC can start the chain reaction of harmonic bullish movesSupport and resistance levels:
In LTC with USD pair, on the long-term weekly time frame chart, the pricline of Litecoin has been rejected by $170 resistance and now moving between $140 support to $170 resistance levels.
Up channel:
On the daily time frame chart, the price action of LTC has been bounced from the support of an up-channel and now moving towards resistance of this channel.
Down channel:
Now if we switch to the LTC with BTC pair chart, then on weekly time frame, the price action has formed a down channel and reached at the support. Here the bollinger bands is getting squeezed that is indicating that soon the price action of LTC can break down the support or move to the upside for the breakout.
Bullish Shark:
While the price action is at the support of down channel, on the weekly chart it has also formed a complete bullish Shark pattern and entered in potential reversal zone.
Bullish Butterfly:
On the same weekly chart, with Bitcoin pair, the price action of Litecoin is completing final leg of bullish Butterfly it has retraced upto 1.269 Fibonacci and when it will be moved little bit more down and retrace at least 1.27 Fibonacci level then the pattern will be completed. This Butterfly is bigger than the previous Shark move.
Bullish BAT:
On the bigger time frame 2 month time period chart, the price action of LTC with Bitcoin pair has completed bullish BAT pattern and entered in potential reversal zone.
Conclusion:
The price action has strong support of a down channel and completed different harmonic moves in different time frames in Bitcoin market. These harmonic moves can start the bullish divergence like a chain reaction. The smaller harmonic bullish move can trigger the bigger one and this bullish harmonic chain reaction can lead the priceline of LTC to hit at least the previous highest price in the Bitcoin market that was 0.052 as per Bitfinex exchange in 2013. And if at that time the price of Bitcoin would be at $40000 then the price of LTC can be expected at $2000.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
LITECOIN RETESTING KEY SUPPORT ZONEIn the 4h Chart Litecoin formed a bearish structure, it has failed to break the resistance at 155.00 and formed 2 lower highs, the most likely situation is that Litecoin could reach the strong support at 122.00. If the key level at 122.00 holds, this could be a good idea for new buy entries. If instead the supports breaks we might see a bearish move until 100.00.
Safe sells are set only under 120.00, otherwise i wouldn't open a sell position since in the weekly chart we still have a strong bullish trendline.