Litecoin (LTCUSD): Pullback From Key Level
Litecoin reached a key level at the beginning of December.
For the last three weeks, the market is consolidating.
The market formed a falling wedge pattern and broke and closed above its resistance yesterday.
Now we see the retest of its broken resistance.
I expect a pullback to 166 level.
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Litecoinusd
Litecoin Rally 2.0In my previous TA many of the Fib time sequences that were used did not plan out, hit the first count but second and third failed so revisited the situation in a new light , below I will link the previous TA.
Even though the previous prediction of lite coin rally starting 9th of December failed, I still held that the 4/1 Gann ratio and the 0.618 Fan Fib would need to hold in order to keep the target of 1500 dollars alive.
Here we are ten days later litecoin never closed under the 4/1 or the 0.618 Fib Fan which is what i expected. Now I do have a new set of Fib time dates which for now seem like it's playing out. The move starts building momentum on the 0.5 Fib time and by 0.618 Fib time we start a larger parabolic move , the 0.618 Fib time is on December 21st 2021.
The next date is January 16th 2022 lets see what the date brings , maybe we break the 8/1 Gann Fan? After we break this Gann Fann we can see all time high again. This yellow dotted line has been of major importance this year. Just look at all the reactions we get and now it seems on Jan 16th we get 8/1 Gann and this reaction line crossing , very interesting.
Even though Litecoin is still under the 8/1 Gann , the important thing is for bitcoin to be above the 8/1 Gann right now ,check out the link below .
LTC - mid term trade setupLTC dumped, as most of the crypto market.
Overall crypto future is still uncertain but I like this chart.
LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold.
Risk/reward ration here is acceptable, I'm targeting 50% gain.
When LTC dumped last time it retraced exactly to 0.618 Fib.
For this trade I'm looking also at this level which is also daily resistance (red box).
If LTC dump under 130$ I'm closing this position.
Long term hodl position doesn't have anything with this trade.
Litecoin starting rally tomorrow to 1500 dollars.Over three months I have been waiting for this Fibonacci time sequence to play out if tomorrow in fact is a momentum shift upwards the top will be 30th April 2022 at about 1500 Dollars. All the way back since July I have been linking Fibonacci time dates and now I may have a clear picture of where the top is depending on what happens tomorrow.
Check out Bitcoin Roadmap below, I go over cycle peak projection being April time.
LTCUSD IDEAWith indicators showing major oversold signals.. I'm expecting a dip into this green box to form Bullish RSI divergences. This will also clear out overleveraged longs that longed at the bottom of last week. It will also clear out shorts that will be shorting with a break below 148 when it pops back up. With it being the weekend I fully expect the break down and back up to happen and play out by sunday. I will be taking a long position for the relief bounce if I notice a bull divergence on the RSI in the green box area. By weekly close I expect us to be back over the White trend line sitting at 142 where we should continue into next week. This will be a max pain for overleveraged longs from last weeks low and late shorters this week.
Litecoin Rally still starts December 9th....The litecoin rally still starts December 9th nothing has changed , in my last Litecoin TA the ascending wedge played out but I did not expect that flash crash had targets at 185 lowest , god dam.
Anyways the good news is that we haven't broken the 4/1 Gann ratio and the 0.618 Fib Fan, until these two are broken I will stick to my guns and say that the bottom and pivot point reversal for litecoin and this bull run will be December 9th. The fact that we had such a massive flash crash before coming into this Fib time sequence gives it a much higher probability now that price will rally starting from this date.
If the 4/1 Gann ratio and 0.618 Fib Fan break then all projections last 3 months will be invalided , every TA last 3months comes down to December 9th being a pivot point that starts the final leg of the bull run , market sentiment is at covid crash lows! this is the best time to trigger a disbelief rally.
Just 4 days left.
Disbelief is a terrible luxury.
$541 LTC in January - but a couple IF's
- Cup and handle breakout has failed the first time. (Green trendline)
- Teleportation upon claiming green line (A) as support.
- HTF Resistance (orange) is quite near.
Either a strong candle breaching both important lines, or we consolidate in between for a week or so.
Target is $541 once alt season begins (January 2022).
Litecoin Rally December 9th (update)Go over my last TA first.
What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio.
Just 8 days left till the December 9th who knows what will happen
Litecoin Rally to 1400 dollars starts soonLitecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run.
The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco 8/1 Gann ratio is far to risky especially if its not able to close above it as support.
Right now what you see is two different Gann ratios a Marco one and a micro one . To get a better look at the marco one check out this TA below.
So litecoin has broken the 2/1 Gann ratio which is a good sign but we up against a very strong reaction point (horizontal red line) this reaction line has played a big part of Litecoins moves this year so its important to follow it.
For me I shall sit back and wait for December 9th its a strong Fib time Zone sequence that I think its going to play out , maybe price doesn't do much that day but normally these Fib times zones when they work they act as pivot points in price so even if there isn't some crazy price action it will be in fact the best time to place a trade.
So the questions is where will price be on this date the small channel in orange or the dotted line in yellow as final support, if Bitcoin goes down to 50-53k expect this area to be hit .
Its crazy to think one can predict price pivots in the future but look at the TA below last Fib count I got another amazing entry so lets see what the next one brings , I have a good feeling about this Fib sequence a lot of things line up with these dates.
I've been accumulating LTC since $52, and now I see this. :)Note: This is not any financial advice, and I urge you all to DYOR before taking financial decisions.
If you are a risk averse person, but still think you want to put money, go with an amount you are absolutely okay to lose.
I'll keep this post extremely short...
Litecoin made an impulsive move up after the Paypal news got announced. I kind of FOMOed in around 50-54, and averaged around 52.
Kept buying every dip and now I think it is really paying off :)
This monthly (/weekly zoomed out) pattern looks like a textbook style Adam and Eve double bottom pattern. you may see steep corrections on smaller timeframes, so it's better to look at the bigger picture and utilize those dips as buying opportunities in a bull market.
A close above 140 on the High Time Frame (HTF), at least on the weekly will be a confirmatory buy signal.
For me, I'll keep on buying in small quantities
See you in 2021 ;)
$LTC: This is NOT a shitcoin :)Litecoin had one of the most epic runs in 2017 which made a lot of millionaires in a year.
The market started crashing from 2018, which was, of course because of a lot of factors, (including profit taking by the early investors).
A lot of people believe that Litecoin is dead or something, but the Paypal news was big enough, and I personally believe LTC will gain traction because it's the cheapest coin among the 4 other coins listed by Paypal (Other coins include: Bitcoin, Ethereum, Bitcoin Cash).
They will open the markets to a lot of newbie traders who absolutely have no idea what Litecoin is, and as per market psychology:
1) They will think of it as a cheaper version of Bitcoin,
2) People will prefer owning one whole coin instead of fraction of a coin (Take Bitcoin vs Litecoin). Even though we know what Bitcoin is, and it can't be compared :)
Look at the charts:
There's a multi year breakout incoming, (on the log charts).
Bitcoin already broke out of the multi year diagonal resistance, and has given us an impressive rally since then.
ETH was leading the markets for a while, but it seems BTC is back in the game, and soon other altcoins will follow (though I'd still recommend against holding random alts having no real value/use case)
If Litecoin breaks above, expect:
1) Mass FOMO by 2021 end,
2) We go to the moon if we can catch the trend early
But remember that there is a downside as well. So play accordingly. Never go all in, and invest only what you are okay to lose.
And of course DYOR! ;)
Bullish Flag formed On LiteCoinLooks like a clear bullish flag formed on LTC/USD
Price is bouncing off support and the half way mark on the Fib from the previous highs in early May.
Lot's of potential here as price nears oversold on the RSI with possible divergence occurring on the 15 min., MACD suggest some upward momentum.
Stops under support.
Going Long to TP $400's, First Tp goal around $280 resistance.