LTCBTC trade ideas
long litecoin LTCTrend line breakout + bounce on horizontals
selling volume exhausted
Playing on the side of HTFs
place orders around .0146
setup include in chart net account risk is 3%
LTC 20% Easily And Quick Profit Expected LTC Quick Profit Expected <3
Entry After Breakout And Must Wait For 4H Closing
LTCBTC going bearishLTCBTC crossed 50DMA on April 21. From previous trends it looks difficult that it can move above that. Also, it is currently holding between .5 and .618. If the .618 level breaks, we might see go down new lows. However, if .618 level holds, we might see some bounce. 200 DMA remains the last line of defence. Once broken it may be long road to trend reversal.
There is some hope for reversal. The volume on this downtrend is low and the mini alt season could pump up volume enough to get . But, that is the trend on LTC, the green candles have high volume while the red candles have low volume but they come in clusters.
Accumuclating alts before the alt season is the best strategy but LTC is not the pick of this season.
Buy LTCBTC above 0.01220. Target 0.01260. SL 0.01203.Buy LTCBTC above 0.01220. Target 0.01260. SL 0.01203.
LONG LTCBTC Price action & vol analysisLong litecoin @demand and take profits @ supply
Take long positions in the box below the blue line
LTCBTC Long tradeWith the fall in BTC , LTC is also on steep fall
LTC might find support at 0.618 level as show in chart, good trade to enter for long term gains.
Litecoin on the way upOne of the strongest coins fundamentally in 2018. Saw significant price action when Lightning network was finally implemented. One of the most undervalued cryptos from the pre-August bull run. Stoch RSI is nearing 0, MACD is making high lows indicating the downtrend has run out of juice. As LTC falls, MACD is rising, showing negative divergence. Moving as per trend, move to the upside should come very shortly. Bet worth taking
LTCBTC (BINANCE): BUY ABOVE 22470 SL 19124 TGT 25800LTCBTC on BINANCE exchange has broken above ichimoku cloud with support taken above the cloud. Signifying a buy above level 22470 with Stop loss at 19124 and Target1 at 25800
LTCBTC Short Swing Trade (D, 240)
Price is in overall seller territory from D perspective, we broke the major S & R (green line) and price rejected twice going through that area and left a probe. We turned people into buyers so that we can sell for higher price. On 240 sellers shows an aggressive sign of coming back swiftly challenging the buyers who started this movement. We didn't make an HH or LL between 0.0093 and 0.0078 so, we can anticipate a Range. So, I anticipate that price can hit the recent Support 0.0078, we have much room to do this sell. We have BTC strength in our favour so, Short can go well. Reason for SL above 0.01 is that price can move up to that area because they are making HH on 240 and looks so desperate and I anticipate that they have weakened their power. Proper Risk management should be taken as below.
Entry: 0.009299
TP: 0.0078
Stop loss: 0.01
Position Size: 1% Risk on your capital/350.5
Risk/Reward: 1:2 So, HH RR.
If TP is hit then we will be at 16% profit.
Buy from Sellers and Sell from Buyers.
LTC Short Swing Trade (D, 240)
Price broke the important level at 0.0093 and we have 2 more incidents that show price tries to go above this level and rejected badly. This is one important sign that we can short this with perfect timing. We have another important level to watch for i.e 0.0085 price level because once we breached this level and typically price didn't go below that so, this price level is holding strong as we can see a Range bound. If this level break with strong power then we can grab a cigarette. As we have to correlate with BTC I smell BTC has strength thus LTC weakens. If BTC has the weakens then we can expect a spike.
Entry: 0.009
TP: 0.0078
Stop loss: 0.01
Position Size: 1% Risk on your capital/800
Risk/Reward: 1:3 So, HH RR.
If TP is hit then we will be at 15% profit.
Buy from Sellers and Sell from Buyers.
