BTCLTC trade ideas
LTC/BTC BreakoutThis is LTC/BTC graph, and this has been a yearly long graph for LTC on a daily time frame. These trend lines indicate strong support and resistance zones, and this resistance is being re-tested 3rd time, and usually 3rd retest breaks the support/resistance trend lines. Looking forward for LTC to break this trend line on the LTC/BTC graph.
Price target currently for this breakout, if it happens is 0.005 and then 0.007
If the target of 0.005 LTC/BTC is achieved, then LTC should pretty easily break 300 USD price.
💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004190).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.004440
TP2= @ 0.004590
TP3= @ 0.004820
TP4= @ 0.005120
TP5= @ 0.005610
SL= Break below S2
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💡Don't miss the great buy opportunity in LTCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.004100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Litecoin/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.004400
TP2= @ 0.004560
TP3= @ 0.004820
TP4= @ 0.005060
TP5= @ 0.005610
SL= Break below S2
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💡Don't miss the great buy opportunity in Litecoin/BitcoinTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00480).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 0.00502
TP2= @ 0.00520
TP3= @ 0.00538
TP4= @ 0.00560
TP5= @ 0.00585
SL= Break below S2
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BINANCE:LTCBTCTwo scenario in lts creating Bullish flag pattern for next move waiting for confirmation to break out this pattern but still we have two scenario for upcoming days if this pattern break out happen then its good for short term trade but if btc moved in bullish form again then chance to watch some red day candles wait for confirmation ill upadate soon
💡 Don't miss the great buy opportunity in Litecoin/Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00387). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/Bitcoin (LTCBTC) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.004600
TP2= @ 0.005050
TP3= @ 0.005580
TP4= @ 0.006380
TP5= @ 0.008075
SL= Break below S2
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LTCBTC Update: Profit=39800 SL=800 Reward/Risk > 16.9:1 Trade Setup summary:
Profit targets=39800 pip (500 + 1000 + 1300 + 1500 + 1900 + 2600 + 3600 + 5400+ 8500 + 13500)
Stop Loss =800 pip
Reward/Risk > 16.9 : 1
Current Status:
Total Profit: 2345 pip
Closed trade(s): 284 pip Profit
Open trade(s): 2061 pip Profit
Trade Setup:
We opened 10 BUY trade(s) @ 0.004716 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 0.005000 touched at 2020.07.06 with 284 pip Profit.
Open Profit:
Profit for one trade is 0.004945(current price) - 0.004716(open price) = 229 pip
9 trade(s) still open, therefore total profit for open trade(s) is 229 x 9 = 2061 pip
Break Even 0.004716
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.004500) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.005000
TP2= @ 0.005500
TP3= @ 0.005800
TP4= @ 0.006000
TP5= @ 0.006400
TP6= @ 0.007100
TP7= @ 0.008100
TP8= @ 0.009900
TP9= @ 0.013000
TP10= @ 0.018000
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Don't miss the great buy opportunity in LTCBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.004500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.005000
TP2= @ 0.005500
TP3= @ 0.005800
TP4= @ 0.006000
TP5= @ 0.006400
TP6= @ 0.007100
TP7= @ 0.008100
TP8= @ 0.009900
TP9= @ 0.013000
TP10= @ 0.018000
SL= Break below S2
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. . . . . Please show your support back,
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in LTCBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00608). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 44.
Take Profits:
TP1= @ 0.00710
TP2= @ 0.00810
TP3= @ 0.00990
SL= Break below S2
Don't miss the great buy opportunity in LTCBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00705). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00785
TP2= @ 0.00900
TP3= @ 0.01000
SL= Break below S2