Litecoin (LTC vs BTC) New Highs (120%+ Potential Profits)

BITTREX:LTCBTC   Litecoin / Bitcoin
Litecoin is now challenging new highs. Last time Litecoin was higher than today, vs Bitcoin             , it was in 2015, and the Bitcoin             price was something completely different.

Based on the recent highs that Litecoin has reached, it is fighting strong to reach new levels right now. It needs to close above 0.022 today in order for us to test new levels and go for a new nice 120%+ potential profits.

Litepay, which I wrote about around mid January here, is being launched on February 26th and the price of Litecoin, as mentioned from my last analysis, it is already moving strong. There is also news about Litecoin "airdrop"...

We can talk later about the details, as the main request I am getting is for targets for Litecoin holders, so here you have your targets and some more.

*** Litecoin Trade Instructions

Litecoin Targets:

(1) 0.03230
(2) 0.04898

Buy-in: 0.020 - 0.022

Stop-loss: 0.00165

*** Indicators

* SMA20 crossed the SMA50, which is very bullish signals.
* The charts overall are looking really good. There will be ups and down, as usual, but there is room for growth, and new highs to be reached.
* The weekly chart is also really good interesting to me.

Most of the cryptocurrencies have a bull run for a few weeks and then start a very long descent, later an even longer period of accumulation, and finally they start another run. But when a top is reached, they go down strong and hard. Litecoin charts are not like this. When you look at Litecoin, it is a very resilient coin, and it tends to remain strong.

Here is the weekly chart (just for fun):

*** Enjoy yourself

Enjoy your week.

Enjoy your day.

Enjoy every minute...

Bình luận: Mistake (Stop loss updated)
Stop-loss: 0.0165
Bình luận: Here is my old Litecoin analysis, here you can find news about Litepay and other details. (Click on the image below)

Giao dịch bắt đầu: Litecoin is having a great run right now, but as it normally happens, once a top is reached, a retrace is needed.

Wait for Litecoin's retrace to get the best possible buy-in price.

Take a quick look at the 1h chart:

The indicator 'Bollinger Bands' is also telling me the same on the 4h and 1D charts.

Take a quick look at the 4h charts and see how the price/candle already went outside of the bands:

Now you have the information, the rest is up to you.
Giao dịch bắt đầu: Litecoin is going pretty strong. The retrace didn't go below 0.0213 which is higher than what I expected but still within buy in range. Still, this is a great signal since it shows strength.

Feel free to hold your Litecoins for LONG, since this bull run is just getting started. Expect the normal ups and downs, and please allow time for this trade to develop.

Giao dịch bắt đầu: The time to buy has come. We are now back within buy-in range.

Feel free to buy-in, re-buy and reload.
Giao dịch bắt đầu: You already know the story: Up and down, up and down.

We reach a new top, the price retraces, consolidates, buyers then accumulate and we prepare for the next run. Up and down, up and down.

Looks like we already found our support, now we simply hold patiently and aim for our next target.

Here is a short term chart, you can see how the price goes down, starts to curve and the move up. You can expect the same on the longer time frames.

The upper channel line is now the support level, which is still pretty far away.

Enjoy the 1h chart below:

Giao dịch bắt đầu: I am really liking the Litecoin charts right now.

They need no description, they are simply going bullish again....

Bình luận: Expanding Litecoin's targets from my website. This will be useful for more people:

Litecoin Main Targets:

(1) 0.02737
(2) 0.03230 (main)
(3) 0.03606
(4) 0.04475
(5) 0.04898 (main)
(6) 0.05012
Giao dịch bắt đầu: Litecoin's support is holding strong. It is ok to buy Litecoin

now, opening new positions, using the "tight stop loss".

If support is broken, you can close those positions. If support

holds, you can expect another run soon.

So far, support has been holding strong and the TD Sequential

indicator is telling me that it might hold. Based on the 1h and

2h time frame charts. The 4h chart is also showing signals of a

bottom being reached.

Here take a look at the 2h chart:


And 4h chart:

If Litecoin vs BTC doesn't hold, in case Bitcoin shoots up strong, you can base your trade on USD. As the LTCUSD pair is holding strong.
Bình luận: Litecoin (LTCBTC) has formed a "Falling Wedge" chart pattern, which is a reversal pattern.

So Litecoin might be breaking out soon.

Here is the 4 hours chart:
Giao dịch bắt đầu: The falling wedge pattern breakout did materialize, and Litecoin is now moving up!!!

Here is an update of the 4 hours chart (You can compare the indicators before and after the breakout):
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- Tips - BTC: 3FDZqRkxPqWZJ61m3N3qHKhawL4whbaGFS
Its is on a break out with the litepay news. I should have bought in last week when it was a lowly £97, it's at 172 now
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Phản hồi
You still believe that the first target aim in 0.02737 ?
+1 Phản hồi
where would be a good buying point if i missed the breakout??
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buy right now (at 239) or wait for a correction?
Phản hồi
Litecoin breaks out!
+1 Phản hồi
@IntenSje, Great that it did. :)
Phản hồi
I bougt 42 will increase Iam worried about it
Phản hồi
alanmasters TOP beykentcoin
@beykentcoin, If you are worried, you can always activate your stop loss in case the price crashes down.

I am holding Litecoin for long or at least right before the LitePay news are released.
+4 Phản hồi
I would not trade a pattern without seeing a movement up or down
+2 Phản hồi
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