LTCBTC trade ideas
Litecoin - much potentialLitecoin has been a slow starter from my perspective! But when I look at the LTC/BTC chart, It looks ready to explode, LTC is probably one of the safest bets left in crypto right now! This will only pick up steam from here, I am increasing my posistion on ltc on every dip! Margin style!
I saw the lite... coinIt dawned on me last night looking at LTC BTC, what I am going to do with my margin on kraken. I am so 1000% sure ltc is going to break out against bitcoin and it's behind enough for me to load up still! I am going to make all my margin posistiosn as LTCUSD, it doesn't make any sense to pair it against bitcoin, there is no advantage. Anyways, 200$ LTC will be 2000$ LTC before it's all said and done! Of course I have a ton of non margin posistions all over the place, but this is a great one to focus on! Also, if SEC comes in and starts fudding up the place, LTC is a fork of BTC. Which BTC recieved an official pass from SEC a few years ago, so that makes me think LTC should be immune to this scrutiny! I love comments! GL!
LTC/BTC price vs. pair divergenceLTC price in USD vs. the value in terms of the BTC pair has reached an divergence never before seen. Here is a good visual. I believe that as BTC approaches 100k LTC will jump 2sigma on the pair because the price resistance from 100-1000 for LTC is 2 orders of magnitude easier than for BTC to get to 100k.
.01 should be the base of the next cycle but I dont know when it will start as I didnt think it would diverge this far in the first place...
It’s The Great Buy Opportunity ,LTC Will Surprise Many People 1️⃣ Elliot View : ABC Correction Completed
2️⃣ Classical View : The Main Pattern Is Falling Wedge And Now Sitting At The Bottom of The Support
❕ It’s The Great Buy Opportunity ,LTC Will Surprise Many People
✅ Tp 1 : 5600 (23%)
✅ Tp 2 : 6900 (52%)
✅ Tp 3 : 8100 (78%)
🟠 Mid Term Target : 10000 (120%)
🔴 Stop loss zone : 3550 ~ 3500
LTC 5x any day nowCould be a week, could be a month.
And admittedly there's alot more competition this cycle.
Do i believe we will 5x here? No. Heck dogecoin sucked $8billion from the CryptoMarketCap. And the defi space is also pulling away from the currency coins.
LTC admittedly doesn't have the best use case or LT outlook. But it should at least 2x from here.
I expect $250 from here.
💎LTC - breaking out AGAINST BTCafter bullish ABCD 🚀LTC is having a huge breakout on USDT charts and seems to be heading into the stratosphere against BTC.
Interestingly a lot of institutional investors were talking about switching XRP bags with BCH and LTC during the big XRP SEC debacle.
We'll see if these continue to grow. But the bullish ABCD into the volume confirmed breakout here is EXTREMELY promising!
LTCBTC Bearish Set-upLTCBTC is bearish towards 0.004058.
it has potential to reach even lower to 0.003974
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with so isme being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.