$LTC - to grow faster than its big brother soon?Here, similar to the ETH chart but a bit, we are in the bottom range, and very bottom of that range
If we start reclaiming these range line/SR's we should be able to push on in the higher range, and the weekly chart setup I posted a month ago or so might finally play out.
$LTC is essentially a better version of $BTC in terms of transaction speed, fees etc. but not the face of crypto and so not been as good a return for investments
I think its time will come though, and soon. Lets see...
LTCBTC trade ideas
LTC Is About st Start the Value CycleHEY GANG,
It's been a while! Back again to talk about a very significant Litecoin development. As we know from history, LTC tends to go on cyclical runs where it's value against BTC soars. On this LTC/BTC chart, we can clearly see that the cycle is about to start yet again.
We have already had confirmation of the cycle starting, but now we are looking at what could be the last correction before the LTC value does its moon thing. The stochastic is peaked on both the USD chart and the LTC/BTC chart. My prediction (complete guess) is that the correction will end when the stochastic completes the cycle and dips down into the oversold zone. HOWEVER, there is a chance that the stochastic will flip and not even dip down into the bottom zone before the pump happens.
For now, we don't have any significant volume. That means the price line is weak. Without the surge of volume, the stochastic should complete the cycle and allow price to dip one last time. I think this is when I will grab my ever so humble bag of Litecoins and ride it through the bull market. Being that I'm not a BTC whale, this is the better investment strategy to catch up on multiplying my piggy bank holdings. I'm still kicking myself for not buying 5 ETH when the price was in the $300 last fall, so this is the only train that has not left the station that I can board for maximum gains.
The On Balance Volume indicator shows steady accumulation going on from the big institutional investors. The OBV is just an approximation, but we DO KNOW that there are 2 or 3 big institutions that are accumulating LTC. So I would say the OBV is fairly reliable, and reflecting what is actually going on as far as buying and holding.
What are YOUR thoughts about the current Litecoin price positioning? How far down do you think it will correct? I'd love to see a price of $130 before liftoff. But I can't be too sure. Also, what are your thoughts on the fall peak price for LTC? My best guess based on past performance would be $1500. That might not be monumental, but the one thing I can hang my hat on is the fact that LTC is a fairly safe investment compared to the more risky alts that are out there.
Post your thoughts and let me, CryptoProCarlton, know what you think is the next move for LTC!
Carlton Flowers
Thee one and only CryptoPro
p.s. This ain't no financial advice. Do your own DD. I'm just tryin' to get the kids some new shoes and get my hustle on
Litecoin #LTC Looking to Make Massive Gains on #Bitcoin and #USDFor the past 3 years every time this Bullish divergence has shown up in the LTC/BTC pair Litecoin makes massive gains against Bitcoin....Can we escape this Wedge like extended bull flag this time? Who knows...but my hunch is we will at least test it and soon....Making my LTC price target roughly $280.
LTCBTC - long setupLTCBTC -intraday long opportunity, on the daily timeframe market has formed a M formation after a M we expect market to complete the pattern at the neckline giving us our upside target, on lower timeframes market is still bearish so we need to wait for a slow in momentum and a change of market strucure on lower timeframes, if we will see this and market meets our entry rules only then we can look for a entry.
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 vs USD & BTC 🚀Hello dear friends, just quick update on LTC/USD vs LTC/BTC😊
For me still looks promising
Try to catch the price at the bottom of triangle on the LTC/USD chart and the bottom of falling wedge at LTC/BTC chart by splitting buy orders.
If You don't know how to do that, I leave Edu post here 👇
Looks very simple, but it works for Us😉
If You have any questions, I'm waiting for You in the comments 💋
Stay with me forever💋
Thank you for staying with me🧡
Sincerely Yours Rocket Bomb🚀💣
$LTC Litecoin building bullish momentum ( @LitecoinProject )Hello there ladies and gentlemen, BulloTaurus here with an important update for today.
I have been watching Litecoin for a long time to time a perfect entry with a big % of my portfolio.
At the moment Litecoin is very undervalued project by crypto community but highly appreciated by big companies like Grayscale.
During last 30 days the added more than 111585 LTC in their Investments Holdings that is at a 2238.35% Premium rate right now!
A gigantic triangle is broken and at the moment Litecoin sits at the accumulation zone.
Another reason why i think we might see a bigger explosive movement is MACD .
RSI, EMA and STOCH is also bullish.
Huge gains are possible, just over 300%+
Risk: 3
Reward: 9
Peace.
🍌 Please read the description 1-2 times including the Disclaimer before commenting 🍌
P.S. You're awesome! You can't be successful in all your trades, 30-40% is already higher than average traders you see!
Litecoin to catch-up with Bitcoin's riseLitecoin vs Bitcoin has followed a pitchfork pattern nicely.
Just as Bitcoin Litecoin has not been premined. From day one anyone could download the software from Github, install it and mine Litecoin.
Whereas Ethereum was premined to the tune of 70 mln ETH by Vitalik and his cofounders. The incoming SEC chair Gary Gensler stated repeatedly that Ethereum was premined. If the SEC goes after Ripple for premining XRP they must go after Ethereum as well.
Furthermore CME starts trading ETH futures on Feb 8th 2021. Market makers on CME have built-up their positions on ETH and are ready to sell. Remember what happend when the CME started trading Bitcoin back in Dec 2017 ? Bitcoin crashed.
I expect the SEC to go after Ethereum and if not, Ripple will use this comparison in its defense leaving the SEC no choice. The law must equally apply to all.
Hence I expect people to rotate into legal crypto coins of which Bitcoin and Litecoin are the purest and cleanest.
Also Litecoin has some of the widest community spread and community mining. Is listed on most exchanges worldwide and constantly has a top 5 to top 3 volume & liquidity.
Grayscale just filed to list a few more coins potentially wrapped into a trust. One of the coins was privacy coin Monero. Litecoin has built-in MimbleWimble which can be activated at any time offering optional privacy and fungability which even Bitcoin lacks > Caitling Long who stamped out Wyoming's new crypto laws has recently explained in an interview the importance of fungability to protect from rogue liens.
LTC/BTC - .013-.015 range expectedIf BTC goes to $100,000 then it would be about 3x gain from here. BTC just went from $3000 to $30000 a 10x gain.
LTC went from $22 to $130 a 6x gain. If BTC and LTC price continues to follow a 10:6 ratio then LTC would gain 2x from here in the same time period. However we can see that the LTC/BTC ratio historically follows the LTC/USD price almost perfectly. This is the largest divergence in 10years and an obvious opportunity. If LTC gets to .013 while BTC gets to 100k LTC would gain 3x and since the LTC/BTC ratio is at a historical low, then this is the most probable outcome.