UPDATE - Looks like LTC is trying to break out...I'll need more volume and upward momentum to be convinced of a full-on trend change but from my last post it looks like LTC is trying to break out of what appears to be a diamond bottom on the BTC/LTC ratio. MWEB is coming so hopefully that will catalyze buys at this potentially pivotal point. I've been in the crypto and LTC space since 2017 and although a lot of people peg LTC as a legacy coin, blah, blah, blah, I know what she can do. If my instincts are right, we're in for a newsworthy and profitable run. See you all on the other side! ;-)
LTCBTC
Litecoin vs Bitcoin - boom or bust?Litecoin on the btc pair is at a double bottom region on the monthly chart. I see two possible scenarios happening - we break out to the upside in both, but do we continue or do we retrace down and go into lower lows?
The red line is the current downtrend so until we have proof otherwise, all upside is speculation.
The green line is the path and FIB levels based on previous bounces at this level during bull markets. IF it does make that move up, it'll retrace before a further move up.
I've outlined some of the major resistance/support levels with the green boxes - I would suggest playing those as buy/sell levels and breakouts from each of those levels IF you are day trading the move.
LTC BTC 10x potenialwe’ve been awaiting upgrades to LTC for 2 years - this quarter they will be completed. I believe this coincides with the mother of decreasing wedge patterns for an epic breakout for 5 - 10x gains against BTC. LTC is one of my favorite brands, it’s a trusted OG, and this upgrade makes it 10x better suited for competing with other cryptos in 2021.
“Q4 2021
MWEB activates!
Enjoy using one of the most scalable, fungible cryptocurrencies ever. May God have mercy on the fiat currencies of the world.”
Link: wenmweb.com
LTCUSDT - HIGHLY PARABOLIC MOVES POTENTIAL !!LTC is moving slow & steady , has break its falling wedges moves nicely a step at a time. A really good Fundamental coin that many has forgotten & miss out, but not for the whale that has been accumulate it since the last crash. Big Hopes on LITECOIN !!! #TAYOR #NEW ATH
LTC NEW LOWS?!LTC MAXIS ARE GETTING NERVOUS!! If we don't reenter a range between these new lows and the previous historic low of .003/btc then we might find a new down bad abyss! historically the ltc/btc pair has performed bearish with huge swings to the upside, typically on the end of bull runs when liquidity floods to all alts. Mr. turtle takes his time, but huge gains could be on the table. watch carefully for a breakout with at least half the potential upside magnitude of doge/btc's recent breakout!
please consult your financial advisor for advice. ideas are my own and not intended to be interpreted as trading advice.
LTC/BTC Oscilator at ATLOn October 13, 2011, the Litecoin network first went live. Last Wednesday marked ten years from the debut of digital silver, which has arrived at the same time as the asset has made a new all-time low against BTC.
Zooming out the LTC/BTC chart one can spot an oscilatory behaviour of LTC against BTC.
The LTC/BTC pair trade could potentially goup to 5x to 10x should Litecoin bounce of the current lows of around 0.0029 LTC/BTC.
Additionally a recent spike in active LTC adresses indicates that traders have spotted this opportunity and they are setting up their positions for a potential rally.
Litecoin LTCUSD - Secret ascending triangle + new ATH soon!- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 15) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)
- RSI is prepared for a next pump!
- 1:1 FIB extension = 1750 USD Profit target.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Full Litecoin vs Bitcoin Analysis (LTCBTC #2)This is an interesting one...
Here we can see that the TOP altcoins have their own cycles/charts.
This is LTCBTC and this one is completely different from most other ALTBTC pairs.
This week, LTCBTC hit a new All-Time Low, going lower than the low hit back in March 2017.
This low was set at 0.00300000 and recently we hit 0.00293440 on a wick.
Now, this is tricky here as this can be read in multiple ways and how the market behaves also varies depending on what you are looking for.
ATLs are good, for us bulls.
When you hit bottom, the only place left to go is up...
But, we can't be sure that this is the bottom as prices can continue to drop. That's the tricky part.
We have multiple bullish signals as in the hidden bullish divergence with the MACD and RSI.
The RSI is also strong above 40 weekly.
You don't get a strong RSI when hitting new lows, telling us that things can change soon.
The next one is MA200 trending down.
Prices tend to gravitate towards this line.
As the MA200 line indicators trend down, prices can reverse and start to trend up; this is an original signal.
Peak price was hit February 2018 which means 3.6 years of a bear market for this pair... This is also long enough.
Conclusion
We go by the charts and this chart is bearish.
I pointed out the potential for change because we trade on the bullish side but the reality is that prices can keep going lower.
If the current support breaks, which is the new and old All-Time Low, I've marked the final support.
After this level is hit, we are very likely to move back up.
Things can change sooner though and we see Litecoin vs Bitcoin turn.
The new and last ATL was hit only with a wick so far... This can very easily be the bottom and then this pair can experience long-term growth.
This is not trading/financial advice.
For trading, we wait for the right signals and confirmation first... Keep this in mind.
Thanks again for your continued support.
Namaste.
What if... LTCUSDSince current LTCBTC charts present best ever buying opportunity if it comes to LITECOIN vs BTC relation (0.0031) we shouldn't be surprised seeing new ATH on LTCUSD market if Bitcoin's price will continue to climb. Similarities rarely play significant role in price action - they do however make it a little bit easier to assume the next possible top area. According to this observation 6x UP from here shouldn't be surprising ( I wouldn't be however shocked seeing market going sideways or even down from here.
Going long at a retest of the current pink channel support isn't a bad idea, provided capital management and appropriate stop-loss is in place.
Don't assume the 10 years of LITECOIN anniversary have anything to do with my assumptions... it doesn't.
LTCUSDT Technical Analysis
⏳ Spot
💎 LTCUSDT has been moving along the ascending channel and has been making HHs and HLs. After the Pullback it is expected to continue the Bullish move.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at 173.0
☕️ TP1 192.0
🍺 TP2 205.0
🍻 TP3 220.0
🍾 TP4 240.0
🍷 TP5 260.0
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 163.0
Good Luck 🎲
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LTC/USD - Ready to bounce in your arms! $160?LTC has painted a massive descending wedge which should resolve pretty soon. The bias on this move is bullish as indicated by the green arrow. The indicators are bullish with a positive cross on MACD.
What reinforces this bias is that the LTC/BTC chart looks even better than this one. We've arrived at a key support area so before LTC wants to drop lower, we will likely have a nice bounce towards $160.
This scenario will be impacted buy ETH and BTC which are rather weak right now, so they may pull us lower before any pump. So keep your eyes on the market movers. Apart from that, LTC may provide a sweet entry for a long here, but don't hold it too long, as LTC can reverse course again.
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