LTC 3D Pattern “Cup and Handle” finishes its formationFor a long time, 7 months we have not updated the idea for the pair LTCUSDT, because the previous idea was working perfectly and the "Cup with handle" pattern was formed.
Below you can see our thoughts about the prospects of the LTCUSD pair 7 months ago.
In April 2021 we wrote that it would be good to buy Lite in the area of $90-125 for the long term . And already on the May decline, the price low for LTC was $104 . That is, if you have listened to our thoughts and set up a few buy orders in this area, most of the orders would have been executed, and the investments would have shown +100-130% by now.
However, we should not get upset, perhaps the fate will give us one more chance to buy Litecoin long. Maybe, the price of LTCUSDT will go down to $160-170 once again , where the buyers should finally confirm their strength and serious intentions to continue growth.
The global aims for growth of LTCUSD price have not changed for 7 months; we have described them in our previous idea, and we will mention them again — they are $765-785.
There are good growth perspectives in LTCBTC as well, at least +150%, because the price is just trying to push back from the absolute bottom.
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Litecoinusd
Litecoin: Buying the Retest of Support LTCUSD - Intraday - We look to Buy at 144.39 (stop at 140.30)
Preferred trade is to buy on dips. Previous support located at 145.00. The bias is still for higher levels and we look for any dips to be limited. Intraday signals are bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 145.00, resulting in improved risk/reward.
Our profit targets will be 158.85 and 163.30
Resistance: 155.00 / 160.00 / 165.00
Support: 145.00 / 140.00 / 135.00
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Why you should have a position in LTCUSD LTC has solid fundamentals and would function well in a crypto driven society
Especially in retail environments
As you can see price has returned from its peak to a low of about $40 during the bear cycle
Recently since the bull market has begun, price increased sharply up to ~300-400 and has slightly retraced, this is the first move, in a larger bull market.
Also based on where price is situated, and history showing previous highs acting as support levels.
Litecoin is one of the first coins I got into. Lets see how high it goes.
expecting >35% upside on Litecoin from current levelsHowdy folks, this is your captain speaking...
Taking into account historic runs to the over-200 price levels plus the recent dip into the sub-30 RSI levels - I have opened a short-medium term position in Litecoin at an average price of $148
Over the next few weeks I am expecting a bull run to the 200 levels once again
Price target for a 4-week positions is $205
Will be selling it then and waiting to buy more at the dip
Trade carefully folks, not financial advice- just my take. Follow for more!
Wanting FeedbackI’m new to crypto entirely so I just picked a big name and went with it. I’m completely novice to trading in general, wondering how else you would improve from a technical analysis stand point. I feel like I have a lot going on with the chart and colors, just trying to make things stand out, but I feel like it’s cluttered. Tips here would help too! Let me have it!
What I see is a stronger uptrend with some clear resistance being met at the 149 (.618 fib line) price point. It also has a descending flag going for it, and the pattern has repeated itself a few times. I would expect it to break through and hangout around the 150 area. I think 161 will be the next major resistance if it continues up.
Litecoin- 20% potential gain if it breaks 140After reaching 120 recent low, Litecoin has started to recover and now is trading exactly under a very important confluence of resistances.
140 is the line in the sand for this crypto and a break above this figure could lead to acceleration and a visit to 165-170 zone resistance
Back under 130 would delay this scenario
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...
Litecoin Caution over 1000 DollarsA long time ago i discovered a trend line for Bitcoin that stems from the start of the coin. I have posted about these lines for a while now in Bitcoin but they appear in other coins born from 2015-2017 latest. I call these Genesis lines , they always have important reaction events throughout the coins history take a look at the Bitcoin one below .
As you can see this massive trend line was support then flipped resistance , same thing that's happened with LTC.
So if price is entering the red box and coming into the week of May 16th 2022 it will most likely be the best moment to sell , to think we going higher in this zone would be a emotional mistake and way to risky , take profit and walk away , to bet against this mufti year resistance line is a gamble one should not take.
O nce LTC closes a weekly above the 0.618 at 270 dollars , it will trigger maximum momentum .