This trade went very well. The price bounced exactly off the entry and reached my profit target. I could have made even more profit but i closed the trade a bit early.
There is strong support below, and high volume candles have appeared, and it is clear that there is another rising wave that is still missing, and that we will visit this area.
There has been increasing Litecoin FUD lately, Ive noticed. I dont listen to it because Litecoin fundamentals have never been stronger, and compared to all the other garbage no one uses Litecoin is actually looking quite sexy to the investor who has eyes to see beyond the BS. Also for the LTC bulls go take a look at the top richest wallets. You will be able to...
LTCUSDT located at support zone, this zone is proven to be solid buy opportunity in following years 2017, 2018, 2020. Now 2 years later, LTCUSD consolidating in this zone again, and it just made a breakout! I am hop in this running train and waiting for nice income during the move.
Litecoin is in a higher timeframe downtrend. The price broke an important level of resistance. A retest of this level could be a good point to take a long entry
A Few observations for LTC right now: Bullish - Support above 21 day moving average - Cup and handle formation - Parallel channel with depth of cup breakout extending to top of channel Bearish - Could be a bear flag continuation to downside - Look for a drop to ~175$
Momentum has certainly shifted in the bulls favor. A divergence on the weekly charts was spotted along with a double bottom showing itself as well. A close above 49.01 tonight will be a big indicator to those watching and will likely yield a nice push to the upside.
BITFINEX:LTCUSD forecast The price reached our previous target perfectly and has already broken So, stabilizing above 68.10 will reach 75.41 and the retest till 68.10 and 67.06 is available Otherwise, if it can stabilize under 66.55 by closing the 4h candle then will try to drop to 63.55 Pivot Price: 68.10 Support Price: 70.40 & 75.41 Resistance Price: 66.5...
Something no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever...
Text book says "wait for the zones". This appears to be the beginning of a larger parabolic step formation. We can therefore expect four defined levels up which would put us into the 100s. "Traders view the parabolic formation as one of the strongest uptrend patterns that precede reversal."
A long idea on LTC :) Litecoin on a huge up move soon??
On the above 5-day chart price action has corrected 90% from $400 since May 2021. (Who is selling after a 90% correction by the way? The number of ‘short’ ideas on Tradingview is remarkable). Anyhoe, a number of reasons now exist to be bullish. These are: 1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame. 2) Price action is currently...
looks like we are going to chop around in this area for a bit then come back to the top of the channel.
We are in the money that's what happens when you be patient
TRIANGLE VIEW ELLIOTWAVE, make sure how entry with comfrimation
Not financial advice all ideas and videos made on current market conditions. Please Like,Comment, and Follow
Falling Trend: LTC price action is under the influence of the 50-day EMA, indicating a bearish trend. Death Cross: A death cross in the daily chart adds momentum to the downtrend. Critical Levels: LTC is trading sideways between $60 and $72. Current Price: LTC is trading at $60.77, with an intraday growth of 0.91%. Bearish Pressure: Multiple failed attempts to...