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Ltcusdlong

LTC/USD Big Picture 4H ChartHi all, as promised this is the zoomed in 4H chart of the previous post I made on the daily chart. You can see clearly that LTC has broken the red diagonal support, so it looks like it'll continue on to the green major support line before I think it will bounce and continue upward. It is possible it may retest and confirm the red diagonal as resistance like was seen on the previous red diagonal I have marked. If it does, I still believe it'll continue downward. I don't necessarily think it'll be a straight plummet the rest of the way, but it is possible with the sell off we have seen the past day. Personally I believe in crypto as a whole and I don't believe it'll break the lower green trend line support. As I mentioned in the previous daily chart, I am personally shorting down to the support line and have a buy order placed. If it breaks the green support I'll start shorting again because I think we will at least see a double bottom of the previous low if that happens. If you like this idea or have any comments feel free to mash the button or chime in. This is just a hobby for me more or less instead of going to the casino. Trade at your own risk and make your own conclusions. I am simply sharing my personal trading strategy. If you disagree feel free to post as well, I enjoy constructive criticism. Thanks for checking it out.
COINBASE:LTCUSD
by bwymore
1
LTC/USD 1D Big Picture Price PredictionIt has been a while since I have posted on here as I have taken a break from crypto for a year or so. I've recently been watching prices and been playing around with 100:1 margin trading on a new exchange (link below). Anyway, I am not a professional, but this is what I'm trading and planning on. Trade at your own risk. The blue upper line and the green lower line are in my opinion the main upper resistance and lower support. I will post another zoomed in version to support why I believe we will see the main bounce at the lower green support. Yes, the current upward trend didn't hit the upper resistance on this run, but it is still within the formation/pattern. I expect a bounce from the green line support and then we will have a bull run and break out of the formation. The formation started with an upward move bull run, so I believe at the end of the pattern it will continue that bull run. I personally am shorting with a plan to go long around the green support. Planning to try to buy around $40-42 range and let it ride. If it breaks below the green support I will start shorting again b/c I imagine we will be seeing much lower unfortunately. If it bounces how I predict, I will have a take profit at the blue resistance line, and then watch to confirm it breaks out of it before reentering, or at a minimum I'll continually raise my stop loss to have a safety net of locking in profits. If you like this idea or agree, I'd appreciate any likes or comments. If you disagree, feel free to post as well. Thanks for checking it out.
COINBASE:LTCUSD
by bwymore
2
LTCUSD forming bullish Shark | Upto 12% move aheadHi fox hope you are well, here I have found another profit potential trading idea for you and this time on 6 hour chart the Litecoin (LTC) is forming bullish Shark pattern and soon it will be entered in potential reversal zone to move up. The Pattern: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B Fibonacci projection area and last leg (C to D) should be retraced between 0.886 to 1.13 Fibonacci then the priceline will be ready to take bullish or upwards move. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $56.78 to $55.22 Sell between: $58.56 to $62.15 Stop Loss: The potential reversal zone area which is up to to $55.22 can be used as stop loss in case of complete candle stick closes below this level.
COINBASE:LTCUSDLong
by moon333
2
LONG Litecoin, trading IdeaHello Traders, Recently, we recommended to buy litecoin above the importante support leve in blue. In spite of, it did not reach our target. It gave us excelent profit and now Litecoin did a pullback to the same key level. The analysis is the same, we are above an strong support and our risk is small. So, we are into an excelent zone to buy litecoin. Is important to watch the closing clandles on UTC time and see if closes above this key level Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
Long
by MarketMinds
LTCUSD before rising.LTCUSD before rising. The exchange started a fractal copy. Its size is half the size of the previous fractal. So 2: 1 copying is done. Why? The answer is the white rectangle below it. The size of these was calculated from the ATR extremes. In several of my analyzes, I have explained that these data represent predictive volatility. In other words. Half of the fractal currently copied has the same volatility as the original fractal. Therefore, the target price cannot be more distant than the original rising fractal target price. Exactly half the size. The current target price is 106.36usd
BITFINEX:LTCUSDLong
by meszaros
10
LTCUSD long TP: 104,562 usd.LTCUSD long TP: 104,562 usd. In my latest BTCUSD analysis, I projected a more significant upswing. I am thinking of a similar rise in the LTCUSD chart. The exchange rate analysis starts from the fractal sequences shown in the figure. Apparently 1: 1 fractal copying is done. I will continue to vision this. I see its explanation that the size of the correction separating the rising wave sequences is the same, so that the ATR closing values (white rectangle) predicting its rise are of the same size. From this I conclude that the next rising wave sequence may be of the same size as the second rising wave sequence of the original fractal. Conclusion. I assume a further rise, the target price of the rising wave sequence is 104,562usd.
BITFINEX:LTCUSDLong
by meszaros
2
ridethepig | LTC Spot Commentary 2020.02.05Here I had been expecting (at last!) a pullback and been prepared to add on dips, the market is cutting through the highs like a knife and hot butter... a nice problem to have. Buyers are threatening to trigger capitulation on the Weekly: This is a textbook example of how to exploit soft hands, but with a rather pleasant twist. In what follows, I will explain my feelings about the particular LTC swing, to help you follow what is happening. I was glad to be rid of the resistance and loaded more. This manoeuvre makes it possible to get into our opponents jurisdiction, or headquarters (whatever you want to call it). Momentum triggers, shorts cover and smart money continues to buy strength. Here I had the unpleasant feeling that I did not have sufficient sizings given the risk:reward... Here I was glad to see buyers continuing to breach the initial swing target at 64. Sellers having to pack their bags and go home. Resigning because of the disastrous defence. My impression is now that we are comfortably trading above a 70 handle the highs being taken are simply a matter of time. The combinational style that buyers are using to attack is impressive to say the least, it's in our interest to continue holding the remaining positions and working longs. We will keep an eye on any threats to the swing. Thanks as usual for keeping the support coming, I trust all readers are enjoying their slice of the pie.
COINBASE:LTCUSDLong
by ridethepig
1