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LTCUSD trade ideas

LTC‌ ‌May‌ ‌Become‌ ‌Vulnerable,‌ ‌If‌ ‌Gravitates‌ ‌ Below‌ ‌50Litecoin (LTC) price is trading on the bearish note on the monthly chart; however, it holds above significant moving averages of 100 and 200-Day. Meanwhile, LTC is trading below 20 and 50-DMA, indicating bearish momentum in the short term. Support on the downside is placed at $110 and $90; meanwhile, the resistance on a higher level is $155 and $186. This $185 level's breakout can give the targets of $200 and $245 in upcoming trading sessions. Currently, LTC is facing the resistance of 20-DMA on a short term time frame, which is placed around $138. themarketperiodical.com
COINBASE:LTCUSDLong
by tcr_thecoinrepublic
Litecoin Price Showcasing Unsustainability Above $150The technical chart highlights the significant retracement faced by Litecoin price levels forcing it to test the baseline of the retracement table. The levels did have a positive bounceback but currently facing resistance at 0.5fib level. A positive breakout in the form of candle closing above the resistance line can be a confirmed bullish indication for the upcoming trading sessions. The relative strength index (RSI) has retraced back after testing the overbought region but was unable to have a positive breakout. The current level stands at 55.19. The moving average convergence & divergence (MACD) looked vulnerable for a bearish crossover which can again diverge the levels below the histogram line. The directional movement index (DMI) also showcased bearish nature as ADX took a negative turn and faced negative crossover against -DI. Resistance Level: $150.00 Support Level: $120.00
COINBASE:LTCUSD
by tcr_thecoinrepublic
Litecoin Slips The Rising Channel Pattern; Paving Way To $172The weekly technical chart of Litecoin highlights a robust bullish trend built by the coin, which is followed by reasonable price corrections at regular intervals. LTC was trading in the rising channel pattern and slips below the pattern reflecting a bearish movement. The price currently trades at $163.88 below its resistance zone of $172.38 and the following support zone of $165.08. If it breaks above the current resistance, we might expect the revival of bulls. If we dive into the weekly chart's 30-minute time frame, a three outside up candle is formed, which indicates a buying signal in the coin. Concerning the Relative Strength Index (RSI), 48 indicates that the coin is in a neutral phase. After forming a descending parallel channel from Jan 7 and going down from the overbought zone to a neutral zone. Meanwhile, the Moving Average Convergence Divergence (MACD), had a bearish crossover signal line on Friday's trading session indicating a selling signal in the coin. The trend remains negative due to the overall market conditions. The Schaff Trend Cycle Indicator (STC) of 1.84 displays a selling sign in the coin on Friday's trading session and can shortly indicate a buy-in in the upcoming market session.
POLONIEX:LTCUSDLong
by tcr_thecoinrepublic
💡 Two buy opportunity in LTCUSD , Mid-Term & Short-TermTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (51.40). . 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 76. Take Profits: TP1= @ 56.30 TP2= @ 60.00 TP3= @ 64.00 TP4= @ 68.80 TP5= @ 79.82 SL= Break below S2 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- Second Chance Trade Setup summary: Profit targets=945% = {TP2= 10% + TP3= 25% + TP4= 46% + TP5= 67% + TP6= 106% + TP7= 134% + TP8= 189% + TP9= 368%} Stop Loss = 36% Reward/Risk > 26 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (50.65) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: 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 SL= Break below 48.75 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 275% Closed trade(s): 41% Profit Open trade(s): 234% Profit Trade Setup: We opened 11 BUY trade(s) @ 43.75 based on 'previous Forecast' at 09.24.2020: Closed Profit: TP1 @ 50.65 touched at 10.11.2020 with 13% Profit. TP2 @ 56.05 touched at 10.22.2020 with 28% Profit. 13% + 28% = 41% Open Profit: Open trade is 55.30 (current price) - 43.75 (open price) = 26% 9 trade(s) still open, therefore total profit for open trade(s) is 26% x 9 = 234% 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 69. ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:LTCUSDLong
by ForecastCity_ME
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