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Litecoinanalysis

LTC Litecoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Litecoin ( LTCUSD ). Litecoin price is made a recent attempt to move upwards in a rising wedge however the price fell and has been trying to recover. It has very strong resistance ahead as noted by the various trend lines in the chart. There is also the Ichimoku Cloud around the 0.50 Fibonacci Retracement level. RSI, MACD and MFI are not looking bullish. Volume needs to come in to make the price move higher. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
1
LTC Litecoin: 1D ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin ( LTCUSD ). The chart is self-explanatory. Litecoin has multiple bullish factors that may give it a nice push upwards. The RSI and MFI were supported by a trend line, the MACD had a bullish cross, the Market Cipher indicator shows a green dot. The price is entering into the EMA ribbons and below the 50 and 200 SMA, and Ichimoku Cloud. Keep an eye on Volume as it hasn't moved yet. The price broke above the median line of the Bollinger Bands. All the way on top is the Support and Resistance Line which is also around the 200 SMA where the price may make an attempt to retest if it can keep moving higher. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
4
LTC Litecoin: Where's The Bottom?Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Litecoin (LTC). I reviewed the LTC price history and put together a possibility of where the price will bottom based on VPVR, RSI, Volume and Prior Cycle review. Keep a close eye on the Support Zone and two Support Trend Lines. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSD
by MillionaireEconomics
6
LTC Litecoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD). The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Litecoin. Included in the chart: Trendline, Support and Resistance Lines, Ichimoku Cloud, VPVR ( Volume Profile Visible Range), EMA Ribbons, Volume , Descending Wedge, RSI, MFI (Money Flow Index), Trend Analysis. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
3
LITECOIN LAYER 1 BLOCKCHAIN.. 1 of the oldest in the game. Greeeeeeeeetings my friends from Amsterdam.. Today my eyes on LITECOIN.. One of the oldest blockchain participants in the game... The chart is looking very sexy... definitely going to buy Litecoin because I have high hopes for layer 1 blockchains in the next run.. This in combination with Rollups projects.. Example MAtic and loopring etc... Getting back to the chart.. We see the major trendline starting back all at 20 october of 2020 till now.. We see the minor more recent trendline and that support line.. Price makes a run, pullback another run and than pullback all the way back at that support line.. Well that wouldn't have been the case if the American indices didn't fall because of the Omicron variant on the 4th of December.. Most of the Altcoins have had a run recently getting back up after that day.. As you see Litecoin hasn't.. Price is ranging/accumulating getting ready for a blow off...
Long
by MoneyMakingMuro
1
LTC Litecoin: Weekly Chart UpdateHello friends, today you can review the technical analysis on a 1W linear scale chart for Litecoin ( LTCUSD ), a cryptocurrency. 1) Litecoin price has been falling since the May 2021 local high. 2) Currently the price is close to touching a multi-month support line. If price breaks the support line, keep an eye on the 0.236 Fibonacci Retracement level to possibly hold support. If price breaks that region, there is a multi-year support trendline that may support the price. 3) RSI (relative strength index) is currently being supported by a multi-year trendline. 4) Overall crypto market is not looking strong so be cautious. 5) This is a weekly chart so be patient with price action. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
LTC Litecoin: Re-test of Support LinesHello friends, today I am completing a technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Litecoin price has been falling since the all time high in May 2021. The price has also ranged in a triangle pattern since that point. 2) The Litecoin price has been supported by two bottom trendlines as shown by the yellow colors. The price has the potential to re-test the first support trendline which would bring the price to around $177-$180. If this does not hold, the price will have the support of a multi-month trendline which it could re-test around $130-$135. If price breaks below the bottom support trendline, a bigger drop is possible. 3) The first support trendline is also the 0.236 Fibonacci Retracement level where the price generally has reverse potential. 4) The RSI (relative strength index) is supported by a bottom trendline which it has been bouncing off of. If this breaks, the price has potential to drop. 5) The Volume has been consistent so expect volatility. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
6
LTC Litecoin A Bit More Downside To GoHello friends, today you can review the technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. There are many technical indicators and oscillators noted in the analysis, so please review everything. #CryptoPickk noted in the chart: 1) The price has been correcting after a massive rise upwards to around $302-$303. Currently the price is hovering inside the Golden Pocket (0.618-0.65) of the Fibonacci Retracement. 2) The Fibonacci Retracement level of 0.786 is a possible correction zone around $173. 3) This Fib level is also around in confluence with the 200 MA (moving average) of $177. Though price respected the 100 MA on November 26, 2021, the price has potential to go down further due to the overall #cryptomarket. 4) The Volume Profile (VPVR) is also showing significant support in the region of $170-$180 which is in line with the 200 MA and Fib level. 5) The RSI (relative strength index) is below the yellow trendline noted. If it breaks the trendline upwards, we may see a nice price movement upwards. 6) The MACD is still bearish and seems to be similar to a prior period outlined in the red ovals. 7) The Stoch RSI (Stochastic RSI) is in the oversold region. You can see from prior trends that it can hover in the oversold region for a longer period of time. 8) The Ichimoku Cloud is showing support at the estimated price range. 9) The Volume is healthy and shows momentum is there for price volatility for Litecoin. 10) Keep an eye on the price range between $170-$180 which is a 10%-11% drop from current price levels. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
7
LTC targetsHere we go, my targets for Litecoin. One of my favourite TA educators and analyst (CryptoBirb) is very bullish on it sets the target to 1500-2000 dollars. However, I have to disagree. Although I am bullish on it, my targets are more conservative, with 629 as most likely and 846 as the final target. This is considering the current speed, breadth, Elliott wave channel from waves 2 and 4, with 3 as the top and using the different forecasting techniques and the possible breakout target of the ATH. Let's see who will get it right. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
2