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LTCBULLUSD trade ideas

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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:LTCUSDLong
by ForecastCity_ME
20
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.
BITFINEX:LTCUSDLong
by MohitArora
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
BITSTAMP:LTCUSDLong
by ForecastCity_EU
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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
BITSTAMP:LTCUSDLong
by ForecastCity_EU
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
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.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD still bearishLitecoin remains in a vulnerable technical position, with the cryptocurrency threatening a deeper decline if the $50.00 support level is broke. The LTCUSD pair is trading below the neckline of a head and shoulders, with the $36.00 level the medium-term target. LTCUSD bulls need to rally the pair above the $66.00 level to encourage traders to move back into short-term long positions. • If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $66.00 and $73.50 levels. • If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD $36.00 is the riskLitecoin appears increasingly bearish as the new trading week opens as the fifth-largest cryptocurrency languishes towards the $50.00 level. The LTCUSD pair is set for another month of losses, leaving the risk of a possible decline back towards the $36.00 level. Overall, bulls need to move the LTCUSD pair above the $65.00 level or the cryptocurrency could see start to settle below the $50.00 level. If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $65.00 and $73.50 levels. If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official
LTCUSD $50.00 criticalLitecoin has erased its strong monthly gains, with the fifth-largest cryptocurrency by market capitalization sliding lower alongside the broader market. Further losses under the $50.00 level could prompt the LTCUSD pair to fall towards the $44.00 level. Overall, heavy weakness should be expected while the cryptocurrency fails to move away from the $65.00 support level. If the LTCUSD pair trades above the $65.00 level, key resistance is found at the $70.00 and $73.50 levels. If the LTCUSD pair trades below the $65.00 level, key support is found at the $50.00 and $44.00 levels.
BITSTAMP:LTCUSD
by OctaFX_Official