Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
LTC
📊 Comparing LTC | BTC Halving🔍 Litecoin Halving Recap:
Litecoin, often dubbed the "silver" to Bitcoin's "gold," had its halving event in the past. After Litecoin's halving, it's worth noting that the price experienced a notable dip, plummeting by approximately 70%. This dip left many investors wondering if the halving event was a disappointment.
💡 The Valuable Lesson:
So, what can we learn from Litecoin's post-halving price drop? Well, it's essential to understand that market reactions to halving events can be complex. In Litecoin's case, the immediate dip could be attributed to a phenomenon called "buy the rumor, sell the news." Essentially, some traders may have speculated on Litecoin's halving, driving up the price before the event, only to sell off once it happened.
💭 What It Means for Bitcoin:
Now, let's apply this lesson to Bitcoin. As we know, Bitcoin has a scheduled halving event that occurs approximately every four years. If we use Litecoin's experience as a reference point, we can anticipate that Bitcoin's price might experience fluctuations around its halving as well.
However, here's the key takeaway: the post-halving dip doesn't necessarily mean a long-term bearish trend. In fact, historical data shows that Bitcoin has consistently rebounded and experienced significant price rallies following its halving events.
🚀 Conclusion:
In the world of cryptocurrencies, historical patterns can offer valuable insights, but they should be viewed as guides rather than guarantees. Market dynamics can change, and various factors can influence price movements.
So, when it comes to Bitcoin and its upcoming halving events, it's crucial to stay informed, remain patient, and not be swayed by short-term fluctuations. Keep a long-term perspective, and remember that cryptocurrencies have shown remarkable resilience and growth over time.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
LTCUSDTThis is a 1D frame analysis for LTCUSDT After losing its previous support zone, the price was unable to start its upward movement and breached our first support line. Currently, the price is close to our first resistance line and we believe this could be a pullback for further downside to our second support line. However, if it can hold above our first resistance line, it could start its upward trend to our second resistance zone.
Ltc/usdt time frame : Daily
hello friends
I predict that we will see a decline in the price of most of the crypto market currencies in the future, which will bring them to their historical support levels.
Let's check the LTC daily time frame chart:
As previously discussed, I think we will see a price drop for Litecoin.
This price decline can be after a relatively strong upsurge to the $78 price range or by breaking the bottom of the triangle directly.
I think the first and second target is the price range of $37-47.
I am not a holder myself, but I think these ranges can be a good step for my friends who are holders to buy.
$REN looking great on the 1hr. REN is looking great on the 1hr chart. Peeking it’s head out the A-tri, would like to see a 1-4hr close above the trend line & preferably a backtest for confirmation
LTC halving- Litecoin (LTC) experiences intense volatility prior to its halving event.
- The halving event is expected to reduce the mining reward for LTC from 25 to 12.5 coins.
- Price fluctuations are observed as investors panic sell and others hold on to their positions.
- The trading range remains relatively tight during this period.
- Uncertainty surrounds the impact of the LTC halving, especially when compared to historical Bitcoin halvings.
- The halving event is scheduled to occur at 16:34 UTC today.
Litecoin (LTC) Technical Analysis: Long Term Target $1000 ?Litecoin (LTC) Technical Analysis: Navigating Short-Term Challenges for Long-Term Gains
Introduction:
Litecoin ( NYSE:LTC ) is currently trading at $65, and it's crucial to dissect its high-timeframe (HTF) chart to understand the potential short-term hurdles and long-term prospects. In this comprehensive technical analysis, we will explore what lies ahead for NYSE:LTC and identify strategic buying opportunities.
Short-Term Outlook:
While the current price of $65 suggests some short-term downside potential, there is a silver lining.
In the HTF chart, a strong support zone is emerging between $25 and $35. This presents an ideal accumulation zone for investors. If the price enters this range, it should not be overlooked as a buying opportunity.
Strategic Accumulation:
Timing the exact market bottom is challenging. Therefore, accumulating NYSE:LTC within this robust support zone offers a strategic advantage. This approach aims to capture potential gains as the cryptocurrency market evolves.
Future Targets:
Looking ahead to the next bull run, Litecoin has promising potential. With its focus on micro payments and a strong team, I anticipate price targets ranging from $500 to $1000 in the next bull market. However, this is a longer-term projection and should be approached with patience.
Critical Price Levels:
Resistance: $117/$376
Support: $50/$36/$25
In Conclusion:
Litecoin ( NYSE:LTC ) faces short-term challenges but holds immense long-term promise. The $25-$35 accumulation zone provides an enticing entry point for investors. While it's impossible to predict the exact market bottom, accumulating at strong support levels can prove rewarding. In the next bull run, NYSE:LTC could potentially reach impressive price targets.
Disclaimer:
This analysis reflects my personal opinion and should not be considered financial advice. Always conduct thorough research and consult with a financial advisor before investing in cryptocurrencies or any other assets.
BITFINEX:LTCUSD #Crypto #Litecoin
Litecoin: Short Signal Active.Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome.
Having a tool like this makes it a LOT easier to compete in a highly random environment. Since it generates the signals for the same exact reasons every time, it removes a great amount of indecision and confusion on your part. You can focus more on the bigger picture like managing the trade.
So let's evaluate the context, and see if this signal is sensible. By the way, all you need to properly evaluate context are horizontal lines, and the ability to highlight price patterns by drawing squares, etc. If you are consuming charts polluted with colors, oscillators, cartoons, etc., you are being entertained, NOT properly informed. It's like eating pizza with vegetables on it and thinking it's "healthier" for you.
First is the broader trend. Is it bullish or bearish? Based on this chart, going back a number of months, the broader structure is bearish (lower highs, lower lows). As long as this structure stays intact, it is reasonable to expect resistances to hold and support to break.
The scanner signal is clearly in line with the broader trend. An advanced trader can use this fact to justify moving the take profit to an even lower price like 60 or maybe high 50's. Why? A lower low has a greater probability and that translates into greater profit potential.
Second, lets look at levels. Notice the two lower highs in recent weeks (blue arrows). They highlight the 70 whole number resistance area. If the trend is going to stay bearish, price should NOT compromise this resistance. Knowing this should help prevent you from getting long too soon, and from over reacting to any temporary noise (like a quick short squeeze).
One other consideration is inter market relationships: Bitcoin and economic environment. It is not necessary to look this far when it comes to short term momentum trades, but it certainly doesn't hurt. Bitcoin is the leader, not Litecoin. As long as Bitcoin continues to maintain a bearish bias, Litecoin is likely to follow. And on top of that, interest rates are pushing new highs. NOT a favorable sign for speculative assets like Bitcoin and alt coins.
Add all this up and the Litecoin short idea is sensible. This is what bolsters confidence when considering such trades. Being able to focus on these bigger picture elements is where the educational value is, not chartoons.
Some form of automation within your trade effort can change your outcome significantly especially for beginners. Worry less about getting the setup right and focus more on managing the outcome.
Thank you for considering my analysis and perspective. And if you liked this article, please let me know by pressing the boost button!
Opportunity for a swing trade might be arisingAfter a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The first price target would be at Resistance 2 and the second at Resistance 3.
Technical analysis gauge
Daily time frame = Neutral/Slightly bullish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
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(LTCUSDT chart)
(1D chart)
While trading futures, there are times when you need to check the big picture movements.
That's when a trade doesn't go well or when a big uptrend is expected.
Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point.
This roughly means that we need to consider whether we can hold it during the 52% uptrend.
Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend.
If you hold it, it is expected that you will have to overcome two major crises.
1st: 78.47
2nd: 90.43
We need to check whether the price will rise in the 1st and 2nd areas above.
(1h chart)
It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator.
However, now the HA-Low indicator has been touched again.
Therefore, we can see that we have reached a trend reversal section.
Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range.
If not, there is a high possibility that it will turn into a downward trend.
However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position.
If the price rises above 64.92 and holds, the target range is around 67.35-67.18.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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LTC/USDT Review ChartGoing further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying.
At this point, it is worth marking the first and current second attempt to return above ema cross 20o to the upward trend, which has been rejected at this time.
After unfolding the Trend Based Fib Extension tool, we can mark the first support zone from $64.86 to $62.94, then we can mark the second zone from $59.85 to $57.66, and then strong support at $54.84.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance zone from $66.70 to $69.17, only when it is broken we will see an attempt to attack the resistance at $72.30.
The CHOP index indicates that most of the energy has been used, on the RSI we approached the upper limit, to which the chart reacted with a price recovery, while the STOCH indicator indicates that currently the energy needs to recover before the price increases further.
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57.
Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70.
Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
LTC☀️ Ahead - Slightly Bullish Market; Yet, 🌧️ Week for Crypto Clouds and rain ☔ forecast for the global crypto market in the next 24 hours and week as bond yields surge to decade highs. Bearish sentiment looms for crypto coins.
Litecoin and Chainlink, however, bring a glimmer of ☀️, hinting at a slightly bullish trend.
Follow us for more crypto weather reports!
LTC/BTC ~ 4-years channelPlan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon
Target > ~ 0,010 - 0,013
Time > ~ 5-8 months (april-july 2023)
P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market.
But look how perfectly the channel worked.
I think that we will still test it, as a correction, before the moon.
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The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$)
The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40).
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I don't think the bear will last long, it may take a few days or hours to resolve.
Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan.
Keep abreast of the market
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on.
First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating.
The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it.
So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind:
1) Bitcoin, did not finish the final candles.
2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low.
3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty.
What's next?
1) The red channel is over, that's understandable
2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece.
3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL.
PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth.
<--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) --->
Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end.
So let's buy it for $40... or $140.
Not long left waiting!
LTC/USDT 4H Chart ReviewI invite you to review the LTC to USDT chart also on a four-hour interval. At the beginning, we can use the blue lines to mark the downward trend channel in which we move along the lower border.
Let us now move on to determining supports for the LTC price in case the current correction deepens and here we can notice that we are at the support level of $59.12, but if we break out of it below, the next support will be at $55.99.
Looking the other way, similarly using the fib Retracement tool, we can determine the resistance areas that the price must face. And here we see that the first resistance zone is from $61 to $63, then we have the second zone from $64 to $66, then resistance at $68.18, and then strong resistance at $70.69.
The CHOP index indicates that the energy has been used up and is slowly growing, on the RSI we exceed the lower limit, which may end the current correction or slow it down, while looking at the STOCH indicator we see that the energy is running out, which can also give us a moment of rest before further movement.
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
LTC: Support BreakoutLitecoin (LTC) technical analysis:
Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $75 (previous support), then $100.