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Litecoin (Cryptocurrency)

LTCUSD Potential for Bullish Rise | 16th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 94.72, where the overlap support is. Stop loss will be at 88.25, where the recent low is. Take profit will be at 116.03, where the overlap resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:LTCUSDLong
by Rockqet
1
LTC: Approaching ResistanceLitecoin (LTC) technical analysis: Trade setup : Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached our target of $100 resistance, where it encountered profit taking selling pressure. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $85 (previous resistance), then $75. The nearest Resistance Zone is $100.
Long
by altFINS
Litecoin rally to turnaround?Litecoin - 24h expiry - We look to Sell at 96.29 (stop at 98.31) Posted a Double Top formation. We look for a temporary move higher. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Preferred trade is to sell into rallies. Our bespoke support of 94.50 has been clearly broken. Our profit targets will be 91.23 and 90.23 Resistance: 92.40 / 94.50 / 96.70 Support: 91.50 / 89.70 / 88.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDShort
by VantageMarkets
#Litecoin Breaks Lower, Pulls Back From Q1 2023 Highs at $102Past Performance of Litecoin Litecoin is also bearish, following losses in the second half of last week. Bears have the upper hand, especially if prices are inside the bearish bar of February 9 and with lighter trading volumes. As it is, traders can watch out for how prices react at around $102 and $90. A breakout below $90 could see LTC retrace in an expected correction. #Litecoin Technical Analysis LTC remains in a tight range with caps at $102 and $90, respectively. As prices consolidate, moving away from the lower BB but still capped inside the February 9 bearish bar, aggressive traders can seek to unload on any attempt higher, mirroring their formation with the trend direction set last week. Despite the attempt higher over the weekend, prices remain below the 20-day moving average. This line has been the support line for the better part of the past three months. The cool-off follows a sharp expansion that saw LTC prices double from November lows. What to Expect From #LTC? Traders might be taking profits. As it is, LTC is bearish, and the bear bar of February 9 is important in the current candlestick arrangement. Losses below $90 would confirm sellers of last week, a development that may see LTC slide, an opportunity for aggressive traders. Resistance level to watch out for: $102 Support level to watch out for: $90 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Litecoin posted a double top.Litecoin - 24h expiry - We look to Sell a break of 94.48 (stop at 96.23) Posted a Double Top formation. Short term momentum is bearish. An Evening Doji Star formation has been posted at the high. A break of the recent low at 94.52 should result in a further move lower. We look for losses to be extended today. Our profit targets will be 90.11 and 88.11 Resistance: 97.50 / 98.50 / 100.00 Support: 96.20 / 95.20 / 94.52 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDShort
by VantageMarkets
2
Litecoin LTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Chart timeframe is on the weekly. I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or we might have one last leg down with a -93% drop from the top. I placed wave 2 bottom there just incase we do go lower, if not the wave 2 is where the -89% drop is. Wave 3 on the bigger trend should take us roughly 8 years to complete. My prediction is based off of elliot wave rules with wave 3 being the wave that cannot be the shortest wave of either 1 or 5. The price target of wave 3 is roughly $690. This is not a moonshot target and it's a target that I know LTC will surely reach. I will draw a chart for a moonshot target underneath this post. R/R Ratio: 7.68 Possible upside: 599% Possible downside: -78%
BINANCE:LTCUSD
by AyoKu
LTCUSDTLitecoin's halving is scheduled on 3rd Aug of this year. Last time in the year of its halving it did really well. The dates marked in maroon are the dates of halving. 05 Aug 2019 was the previous halving and it pumped really well. One thing to be observed here is the run continued till the mid of June and not until the date of halving. A similar pattern of breakout which was observed last time can be seen this time as well. The % marked shows how much it pumped last time and its comparison to this halving run.
by Blackbeardo