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
Buy-in: 0.020 - 0.022
* SMA20 crossed the SMA50, which is very 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...
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.
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.
Feel free to buy-in, re-buy and reload.
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:
They need no description, they are simply going bullish again....
Litecoin Main Targets:
(2) 0.03230 (main)
(5) 0.04898 (main)
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.
So Litecoin might be breaking out soon.
Here is the 4 hours chart:
Here is an update of the 4 hours chart (You can compare the indicators before and after the breakout):
I believe that LTC's next run will be coming soon... I hope :)
We are watching this trade closely and you should trade according to the instructions shared above.
Here is the daily chart:
So, the market is in a very strong correction? Yes, of course. Maybe this is affecting Litecoin's price action.
The price is going down hard now on the daily chart, but the fall is not as strong as with other coins. You can see the chart here:
- We will hold normally and see how this trade develops. We will see how the day closes and the following days develop for Litecoin.
- We trade according to the instructions shared above.
If you don't want to hold Litecoin long term but yet want to see more from this trade, you can use a tighter stop loss. You can set your new stop loss @ 0.0194. I will wait and see what happens. I know Litecoin to be a very strong alternative coin (Altcoin).
We bounced strong from the SMA50 price level support and started to move up strong.
We only touched one of our stop loss, the tight one, and now we move on.
The charts are also showing plenty of room available for growth. Litecoin is really strong, LTC is good for long term trades.
(Trend line held strong as seen on the main chart above).