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Litecoinanalysis

Litecoin Update!!As predicted Litecoin has been going vertical slicing through some major resistance levels like 222$ and even more importantly the 247$-250$ resistance level that we have struggled with in the past. We have wicked all the way past the 0.6 FIB level all the way to just over 300$ (USD) we are currently seeing a little downwards pressure but nothing to serious and we are holding onto that 0.5 FIB level, we gotta hold this for our daily close tonight and if we do for the second time in 2 days we are looking very bullish. We have been flying up the top bollinger band pretty explosively and if we do see this bullish close tonight i think there is a strong chance that we are actually going to continue climbing up here! We are all around very bullish right now! The MACD looks great we are seeing some big separation in the MA's which is a very good sign and something we want to see continue, this allows us to have some downside or a bit of a cooloff without triggering a bearish cross, also shows the bulls momentum is rising! Same thing with the histogram we are seeing steady increases in each daily green bar which is a good sign for our momentum and this is something we wanna see continue going forward, once we start to see a decline or the histogram starting to flatten out it opens the door for a likely bear cross. Now the squeeze momentum indicator, we we're just recently coming out of a bullish cycle with out bar reaching the midline but we have onceer again activated a new bullish squeeze and currently we are seeing our squeeze release shown by the black crosses turning white, and this is the most explosive part on this indicator and this squeeze release could potentially continue on for the next few days, which would be great! Overall super bullish on LTC it is a great project/coin and i think we definitely have some big upside, i do think at some point sooner than later we should expect a little cooloff with a few days of red action, this would be totally normal and actually a healthy thing for price action and our overall structure, but for right now i think we are going to keep climbing and especially with BTC dominance slowly falling once again! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
Litecoin Breakout!!LTC has started to move to the upside after having a period of sideways movement as seen by the horizontal yellow rays, we have broken out of this sideways channel which could also be looked at as a bullish triangle which ive also drawn in, another crucial level we have taken out well looking like we will take out (have to wait for daily close at 8PM EST) is the R1 resistance level which is very bullish, we could've gotten rejected off of this level but Litecoin is showing some strength pushing through, a close above here will open the door for a push up to the 222$ resistance level, pretty heavy resistance but with some good momentum we should be able to push through, also on todays candle we have wicked up and above this level which is already weakening the level. 1 more near term target is the resistance at 247$-250$ level, we historically have had some problems getting up and above this level but with the upcoming surge in the markets im sure this is on the table. Something very bullish coming from the bollinger bands is we are directly ontop of the top band, and if we see a daily close up here we could see an explosive ride up the top band very likely bringing us to that 247$ level. Now lets look at the MACD, we are looking alright here we just had a bullish cross but i would definitely like to see some more bullish action to confirm this. we had a 1 day bear cross just before this bullish cross, we had a red bar right before todays bar, we want to see increasing green bars indicating a rise in bullish momentum, if we continue to stay flat or decrease we would be looking at another bear cross, another key thing i want to see is that Blue MA start to really take off from the orange MA, we need to see some separation or we risk a bear cross off of a small sharp downside move from price action, having good spread in the MA's lessens the chance of having a near term bearish cross and it also allows price action to have some room to go down for a couple days without triggering a bear cross! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
Litecoin set for a big run!!?Litecoin has been rebounding very nicely recently taking out the 0.2 FIB at 177.55 and the crucial pivot point which we have held for the past few days. This level is very important because it signals a turn around in the market and by holding above here we can expect to see some upside, we don't want to breakdown and fall below so keep an eye on this level. We are currently facing resistance as im writing this and our next significant points of resistance after taking this level out would be the R2 resistance at 218 and then heavy resistance shortly after at 220$ finally the last heavy point of resistance we will talk about today is the 247$ which we always seem to struggle with, if we can successfully take this level out we are looking very very bullish! Now check out the bollinger bands, as you guys can see just today we are starting to grab onto that top band which is always a great sign, if we can continue doing so we will be looking at a big rally riding up the top band taking out key resistance levels on the way! Another thing i should point out is the bollinger bands are beginning to squeeze on price action and the more we see this happen and the tighter they get the bigger explosive move, now the BB doesnt signal which way this move is headed but i would say we are looking at the upside. Now something that looks very positive on the MACD is if you look at the histogram we were in a steady decline going towards the midline but today we have rebounded and actually have created a bigger green bar then yesterday, this could be the start of another bullish rally on the MACD it shows bull momentum is increasing and if we see this continue to play out we are going to see some nice upside follow, aswell the MA's specifically the blue MA is starting to gain more separation on the orange MA, this is always a positive sign because the more we separate the less likely we are to see a near term bearish cross, even if we were to have a couple red days. Seeing the Blue MA head to the upside and the orange continue to be flat and move sideways shows that we for sure could be set on another bullish rally! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
4
Litecoin looking for a breakout against BTC!Litecoin has been really struggling as of late with us continuing to push down following this descending channel, one positive we have seen is that we have broken up into the upper half of the channel, but we still can't seem to breakout! We could be looking at a breakout sooner than later, looking at the bollinger bands we seem to be also stuck underneath the midline which as of right now acts as resistance, if we are going to move anywhere to the upside we need to see a strong push above this level and sort of target that top band so we can take it for a ride upwards. The MACD looks to be coming to an end of this current bearish cycle we see the blue MA pushing upwards looking for that bullish cross, i figure we will see this in the next couple days but we have to watch for a healthy histogram and healthy separation in the MA's! The Wavetrend aswell seems to be coming out of its little bearish cycle, we are seeing the wave starting to push back up, but we definitely still have some work to do like making sure we can fully cross that midline without any hold ups! Overall looking pretty good for LTC which tends to lag behind the rest of the market, looking for a breakout in the coming days/weeks! Not financial advice just my opinion!
Long
by JacobR905
LITUSDT Technical Analysis Welcome back Traders, Investors, and Community! LITUSDT on h4 has broken above the resistance and also has broken above the triangle which is a Bullish sign. It might go for a retest before it goes up. ⬆️Buy now or Buy at 4.9862 ⭕️SL @ 4.5936 ✅TP1 @ 6.1800 ✅TP2 @ 6.6000 ✅TP3 @ 6.8500 ✅TP4 @ 7.5000 ✅TP5 @ 9.0000 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
3
LTC Big Move Coming??!looking at the Litecoin BTC chart and you notice a lot of price action against this downtrend support/resistance, we are currently right on this resistance and we seem to be slipping below this level, now i think we could see a potential drop in sats, we gotta be careful treading along the bottom of the bollinger bands, this could very well induce a pullback if we continue to ride the bottom. Something you notice on the bollinger bands is that we are beginning to squeeze which means volatility is shrinking and we could be in for a big run, now the only problem is that we don't get an idea of which direction, personally i think we will see the move to the upside just based on the fact that the market is waking up again and getting back into bullish mode. Looking at the pivot points we definitely have some work to do, we need to get up and above this bullish pivot point where we could get an overall trend reversal because its clear we are stuck in a downtrend since late May. Checking out the MACD we are looking a little bearish, we are coming up soon on what looks like a bearish cross unless we see an unlikely bounce, our histogram is getting close to that midpoint where we could soon see some red bars, i think this will likely be a short term pullback if we see one and then i imagine we will see LTC start to wake up a bit, very key is first of all reaching that pivot point and staying above that and also not getting stuck under this downtrend resistance! Not financial advice just my opinion!
by JacobR905
Litecoin 💥🚀🌚⚡ #Litecoin $LitecoinIt has been a few days since LightQueen Trend broke its 67-day bearish trend and started moving towards its price targets. The price targets and their resistances are plotted on the chart. The resistance between the price of 255 and 260 is very strong and it is important to break and stabilize it. Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities. I hope you find this analysis useful🌹 Follow for more... #DYOR
Long
by AliSharifi963
LTC about to takeoff against BTC!!!Litecoin has been getting held down heavy with this downtrend resistance and today we are seeing a big push up and through this resistance, we could be seeing the start of LTC really starting to regain its value against bitcoin. We got a very nice bounce with the MACD our blue MA is pushing higher and starting to separate away from the orange which is a very positive sign for a nice little run. We could see our histogram start another cycle of bullish bars after we saw a pretty brutal 3 cycle bearish histogram recently. We are upcoming on a very key pivot point where we could see a flip to the bulls side, we have to make sure we secure this PP and are able to hold onto it before i could really say we are seeing a full reversal. On the very positive side we are looking at the bollinger bands and we are very close to that top band which 99.9% of the time is a very bullish sign. if we can push up into the top band we have a high chance of taking that top band for a decent ride to the upside most likely smashing us right through that pivot point and probably upto that first resistance level, i think we are going to have a bit of a slow rest of the month for crypto and mostly altcoins but i believe we could be seeing the start of the build up before we see our next leg up, which i personally think could happen in august. Not financial advice just my opinion!
Long
by JacobR905
LTC, Litecoin - I expect on this entry point🔥Price formed a clear triangle. I'll open a long position only in case when the price will make squeezing, breakout, and retest. Set an alert and wait for realization. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
4
LTC, Litecoin - the first goal is...Preconditions for growth: - accumulation zone 172 - 186 - squeezing to the resistance line - false breakout on the resistance line - after that moving up (it means that for someone it's important to go up) The first goal is 210. With SL. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
3
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!
Long
by JacobR905
LTC important close!!Litecoin has been pumping today up almost 9%! We are looking for potentially a big close tonight hopefully cracking through the 0.7 FIB level! If we can secure a close above this level we are 1 resistance level away from breaking our previous high at 338USD. The EMA ribbons are starting to point up and i am looking to see some spread in the ribbons for us to really start getting strong bullish momentum! The RSI is still a fair ways away from the overbought zone and i would say we still have lots of room for another big push up. The Zero Lag MACD is starting to slope a little bit looking like we could see a little reversal but i still remain very bullish on LTC i believe we are going to see a big move ultimately breaking our previous high at 338$USD. Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
LTC/USD Price analysis 4/28 (HODL)LTC/USD (LONG SET UP) BUY AT- $240.00/$220.00/ $205.00/ $170.00 TP.1- $300.00 TP.2- $325.00 TP.3- $350.00 TP.4- $375.00 Support: $245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00 Resistance: $255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00 The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168. On the contrary, if the bulls successfully defend the 20-day EMA, it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02. This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
COINBASE:LTCUSDLong
by MavRich_Trading
4