LITECOIN trade ideas
LTC/USD LTC/USD ANALYSIS
LTC/USD 56 BELOW SHOOT TRADE STARTED ⏬⏬
BUT 55.50~55.10 ZONE A MIDDLE SUPPORT LEVEL SO ALERT.
FLIP YOUR MONEY TO SKYFOLLOW FOR MORE SIGNAL.
Wait for one retracement and enter. Yours entry is
Blue line.
LTCUSD Update: Profit=69525 SL=6310 Reward/Risk > 11:1 Trade Setup summary:
Profit targets=69525 pip (690+ 1230+ 1960+ 3060+ 4085 + 6070+ 7505+ 10280+ 15280+ 19365)
Stop Loss =6310 pip
Reward/Risk > 11: 1
Current Status:
Total Profit: 7508 pip
Closed trade(s): 1172 pip Profit
Open trade(s): 6336 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Closed Profit:
TP1 @ 50.65 touched at 2020.07.26 with 316 pip Profit.
TP2 @ 56.05 touched at 2020.07.28 with 856 pip Profit.
316 + 856 = 1172
Open Profit:
Profit for one trade is 54.53(current price) - 47.49(open price) = 704 pip
9 trade(s) still open, therefore total profit for open trade(s) is 704 x 9 = 6336 pip
Technical analysis:
. LTCUSD 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 72.
New trading suggestion:
* There is still a possibility of temporary retracement to suggested support line (48.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (48.75).
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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Don't miss the great buy opportunity in LTCUSDMidterm forecast:
. While the price is above the support 22.50, beginning of uptrend is expected.
. We make sure when the resistance at 50.65 breaks.
. If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
. While the RSI uptrend #2 is not broken, bullish wave in price would continue.
. A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains maximum to Major Resistance (50.65) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
Total Profit: 22 pip
Closed trade(s): 0 pip Profit
Open trade(s): 22 pip Profit
Trade Setup:
We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25.
Open Profit:
Profit for one trade is 47.51(current price) - 47.49(open price) = 2 pip
11 trade(s) still open, therefore total profit for open trade(s) is 2 x 11 = 22 pip
Take Profits:
TP1= 50.65
TP2= 56.05
TP3= 63.35
TP4= 74.35
TP5= 84.60
TP6= 104.45
TP7= 118.80
TP8= 146.55
TP9= 196.55
TP10= 237.40
TP11= Free
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
Way Of Litecoin to $3500I have done the analysis of litecoin on weekly-log chart and i found a very interesting and repeatable chart pattern. I am 90% sure this can happen if the chart pattern follows.
So buy LTC at Retest on the Trendline shown at around $45-50
This will be the last chance to buy ltc at this low.
It can also take around Jan-2021 to test the low of $45-50 so keep patience and buy the last dip.
See you all at $3500.
LiteCoin Trend Analysis & Trade Setup !!This is my personal favorite.
A lot of guys hunt Bitcoin but LiteCoin can give a similar Exposure and returns for much much lower price.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar 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 75.
Take Profits:
TP1= @ 64.15
TP2= @ 79.15
TP3= @ 99.30
SL= Break below S2
LTCUSD bear case growsLitecoin has failed to receive buying interest above the $50.00 resistance level, placing the emphasis on further downside. With the broader cryptocurrency market remaining under pressure, traders should be aware that a quick drop towards the $36.00 level could occur. Overall, only a sustained move above the $57.00 resistance level can change the short-term prospects for the LTCUSD pair.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $57.00 and $66.00 levels.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
LTCUSD still weakLitecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important $57.00 resistance level.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $57.00 and $66.00 levels.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
LTCUSD more weakness likelyLitecoin continues to trade at multi-month lows, with LTCUSD pair remaining at risk of a deeper decline towards the $36.00 level. Sustained LTCUSD weakness below the $50.00 level remains the trigger for a decline towards at least the $40.00 support area. Overall, medium to longer-term dip-buyers may return once the overall downside objective of $36.00 is reached.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $40.00 and $36.00 levels.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $55.00 and $57.00 levels.
LTCUSD $36.00 riskLitecoin remains vulnerable to further losses after the cryptocurrency broke major weekly support around the $57.00 level. Going forward, LTCUSD buyers need to defend the $50.00 level to avoid a potential decline towards the $36.00 support level. Overall, a move back above the $80.00 resistance level is needed to confirm the end of the recent downtrend in the LTCUSD pair.
• If the LTCUSD pair trades below the $57.00 level, key support is found at the $66.50 and $80.00 levels.
• If the LTCUSD pair trades above the $57.00 level, key resistance is found at the $50.00 and $36.00 levels.
LTCUSD $57.00 key supportLitecoin remains trapped around the $60.00 level as almost the entire cryptocurrency market comes under bearish selling pressure. LTCUSD bulls need to defend the $57.00 level to avoid further downside in the pair towards the $50.00 level. Overall, the LTCUSD pair still has a chance of achieving its near-term target of $90.00, while trading above the $57.00 support level.
• If the LTCUSD pair trades below the $57.00 level, key support is found at the $50.00 and $46.50 levels.
• If the LTCUSD pair trades above the $57.00 level, key resistance is found at the $68.00 and $90.00 levels.
LTC Update [10-Nov-19]Hi all!!
Good day!
One of the most reliable coin is Litecoin (LTC).
Here is what I see in the chart.
1. Held above 7 (Yellow) and 200 (Red) Weekly MA
2. Weekly Trend Line (Blue) Breakout
Invalidate Condition:
!. Price must not fall below 200 Weekly MA
For more updates, follow me here .
~RPS~
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (59.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LTCUSD 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 62.
Take Profits:
TP1= @ 80.35
TP2= @ 131.60
TP3= @ 143.75
SL= Break below S2
LTCUSD $68.00 targetLitecoin has started to firm above the $60.00 level on Tuesday as positive sentiment starts to spread through the cryptocurrency market. Short-term LTCUSD bulls are now back in control while price trades above the $60.00 level and could start to target the $68.00 level. Overall, the medium-term upside objective for LTCUSD buyers is located just below the $90.00 resistance level.
• If the LTCUSD pair trades below the $60.00 level, key support is found at the $55.00 and $47.00 levels.
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $68.00 and $90.00 levels.
LTCUSD $60.00 now keyLitecoin continues to press higher on the cryptocurrency market, following its recent reversal from just above the $45.00 level. A sustained breakout above the $60.00 level should lead to further gains for the LTCUSD pair towards at least the $72.00 resistance level. The four-hour time frame also shows that the recent rally has helped to invalidate a bearish head and shoulders pattern.
• If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $47.00 levels.
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $65.00 and $72.00 levels.
LTCUSD $36.00 in focusLitecoin has come under heavy downside pressure below the $50.00 after the broader cryptocurrency market suffered a major sell-off on Wednesday. According to the downside projection of multiple bearish head and shoulders pattern on the daily time frame, the LTCUSD pair could fall towards the $36.00 level. Only a sustained move above the $60.00 level can change the LTCUSD pair's negative outlook.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $60.00 and $66.00 levels.
LTCUSD pressure buildingLitecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish pressure.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $60.00 and $66.00 levels.
LTCUSD $50.00 trigger levelLitecoin has lost recent upside momentum after the fifth-largest cryptocurrency was rejected from just below the $60.00 resistance level. The recent rejection puts the $50.00 support level in focus, which is a key trigger level this month. A loss of the $50.00 level could spark a major decline towards the $36.00 support level.
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $66.00 and $73.50 levels.
• If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $36.00 levels.
LTCUSD $66.00 still keyLitecoin is attempting to recover higher in early Thursday trade as the fifth-largest cryptocurrency receives a boost from improving trading sentiment. The LTCUSD pair must break above the $66.00 level to negate short-term selling pressure. Overall, the LTCUSD pair is still vulnerable to a decline towards the $36.00 level if the broader cryptocurrency market starts to trade lower.
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $66.00 and $73.50 levels.
• If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $36.00 levels.
