Litecoin Ready for $600 as per "W" Pattern ?Litecoin Technical Analysis
#Litecoin is currently trading at $85.
As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move.
The maximum upward movement could be $130, while the downside move could reach $50.
A price of $50 would be a great buying opportunity for the long run or the next bull market.
The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see CRYPTOCAP:LTC reach a high of $500-$600 in the next bull run.
Support Levels:- $50
Resistance Levels:- $100/$130/$214/$275
LTC
LTC: Symmetrical TriangleLitecoin (LTC) technical analysis:
Trade setup : Price is trading in a Symmetrical Triangle. Swing traders can trade between the trendlines while Trend traders need to wait for a breakout. Near-term, price is likely to revisit $80 support.
Pattern : Symmetrical Triangle, which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal).
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105
LTC/USDT 4HInterval Review support and resistanceHello everyone, let's look at the LTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $87.49, if the support is broken then the next support is $83.42 and then we have a strong support zone from $80 to $77.
Now let's move to the resistance line, as you can see the first resistance is $91.28, if you manage to break it, the next resistance will be $94.72 and $97.52.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, the MACD confirms the local downtrend, while the RSI shows a visible rebound, which may give room for future increases.
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.
Looking for a potential short here, so looking for Ideal entries, here and always...
PA is already moving away but includes areas of interest for a possible turn as well.
Is Solana a Good Buy Below 0.0007 BTC?SOL/BTC Technical Analysis
Current Trading Level: 0.00055 BTC
Key Levels:
Support: 0.00029 BTC
Resistance: 0.00070 BTC / 0.00110 BTC / 0.00200 BTC / 0.00300 BTC
Analysis:
Solana in the BTC pair is showing a bearish trend. The important support level of 0.00070 BTC has already broken down, and the price is currently trading below this level. This suggests that Solana is in a bearish trend and could continue to decline to 0.00029 BTC in the mid-term.
However, if Solana breaks above the resistance level of 0.00070 BTC, it could see a bullish rally towards 0.003 BTC. The best accumulation zone for Solana is likely to be around 0.00029 BTC.
Brace Yourself: Ethereum's Bearish MomentumETH/BTC Technical Analysis: A Bearish Outlook for Ethereum in BTC Pair
In this technical analysis of the ETH/BTC trading pair, we will examine the current state of Ethereum in relation to Bitcoin. We will analyze the chart patterns, trendlines, and key levels to provide insights into the potential future movement of Ethereum. It is important to note that this analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research before making any investment decisions.
Chart Analysis:
Ethereum is currently trading at 0.065 BTC, and based on the chart, it is evident that the cryptocurrency has been gradually working in a downtrend. The symmetrical triangle trendline has recently experienced a breakdown and subsequent retest. This indicates a bearish signal for Ethereum in the BTC pair.
Price Targets:
The first target for Ethereum in the BTC pair is expected to be at 0.055 BTC. If the downward momentum continues, the second target lies at 0.048 BTC. At this level, we may anticipate a potential bounce-back as it coincides with the 0.618 Fibonacci retracement level.
Important Considerations:
It is crucial to keep in mind that if the price breaks below the 0.048 BTC level, it could further extend the downward movement, potentially reaching the 0.037 BTC level. This could provide a favorable entry point for investors, but thorough research is advised before making any investment decisions.
Conclusion:
Taking into account the technical analysis of the ETH/BTC trading pair, it appears that Ethereum is currently in a bearish phase. We anticipate a potential 30-50% decline from the current levels. However, market movements are subject to various factors and should be carefully monitored. The key support levels to watch for are 0.05578 BTC, 0.048 BTC, and 0.037 BTC, while the resistance level stands at 0.072 BTC.
Disclaimer:
Please note that this analysis is not intended as financial advice. It is crucial to conduct your own research and analysis before making any investment decisions. Cryptocurrency markets are highly volatile, and investments involve risks. Always seek professional advice when considering investments.
Is MATIC Ready for 60% Downside Move As per ChartTechnical Chart Analysis of MATIC/BTC - Bear and Bull Market Insights
Market Overview:
MATIC is currently trading at 0.00002163 BTC, representing a significant decline of 65% from its all-time high. While the technical analysis suggests a bullish scenario due to the formation of a bull flag on the MATIC/BTC weekly chart, market sentiment does not support an upward move for MATIC at present.
Key Analysis Points:
Bull Flag Formation: The MATIC/BTC weekly chart indicates the formation of a bull flag pattern, which traditionally signals a potential bullish trend.
Market Sentiment: Despite the bullish chart pattern, current market sentiment does not align with an upward movement for MATIC.
Support Levels: The immediate support level for the bull flag pattern is at 0.00002100 BTC. A price drop below this level would confirm strong bearishness.
Target After Breakout: If hold Current Support then, the target for MATIC/BTC is projected to be 0.00000600 BTC, which represents a substantial decline of 60-70% from the current level.
Worst-Case Scenario: In the event that MATIC/BTC holds the current support level at 0.00002100 BTC, there could be a bounce towards 0.000036 BTC or even 0.000057 BTC before the anticipated downward movement.
Key Levels:
Support Levels: Significant support levels to monitor are at 0.000021 BTC and 0.000006 BTC.
Resistance Levels: Key resistance levels to watch are at 0.000036 BTC and 0.000060 BTC.
Disclaimer:
This analysis is not financial advice. It represents the personal opinion and analysis of the author. Individuals considering investments in any coins, including MATIC, should perform their own research and consult with financial professionals.
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LTCUSD: MACD Hidden Bearish Divergence Targeting $45-$41LTC has recently formed some Hidden Bearish Divergences at these levels on the MACD and when looking at the Potential Harmonic Wave Structures it could get in if it goes down, many of them point towards $45 as that would be a second test of a much bigger Macro Log scale Gartley on the left, the PCZ of a current Potential Bullish Deep Gartley, and the PCZ of a Potential Bullish Butterfly.
After hitting those downside targets we could then see Litecoin go for another big move up; this time actually breaking the range to the upside and going for bigger targets perhaps as high as over $9000 as seen in this macro chart here:
LTC: Resistance BreakoutLitecoin (LTC) technical analysis:
Trade setup : Price broke back above $80 support and above 200-day moving average ($85), which could signal Uptrend resumption with $105 as potential upside.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
Bitcoin CME Gap Chart Analysis: Two Significant Gaps to Watch#Bitcoin CME GAP Chart Analysis
- Current BTC Price: $31,120
- Continuous green candles since June 15th
Two unfilled CME gaps to watch:
1️⃣ First GAP: $35,180
Originated on May 9th, 2022
Price nearing this level
Potential for upcoming gap fill
2️⃣ Second GAP: $20,330
Represents 35% drop from current level
Unfilled, important to monitor
While gap fillings aren't guaranteed, these levels hold significance. $35,180 gap may fill before $20,330.
Placed Buy Bid: $30,330
Specific price for potential entry
Stay informed for trading decisions. Not all gaps fill, but monitoring provides insights.
🔥 LTCUSDT: Brace Yourself for a Potential Downward Spiral! 🔥💎 Paradisers, LTCUSDT is currently grappling with a significant trendline resistance, hinting at multiple signs of a potential bearish shift. Let's delve into the key points:
💎 Trendline Resistance: LTCUSDT has hit a critical trendline resistance level, which has held strong multiple times in the past. This suggests a robust selling pressure in the market.
💎 Bearish Indications: Multiple factors are pointing towards the possibility of a bearish move. The trendline resistance, along with other technical indicators, indicates a tilt towards bearish sentiment.
💎 Volume Range Profile: The volume range profile further bolsters the potential for a downward move. High trading volumes in the lower price range signal increased selling activity.
💎 It's crucial, Ladies and Gentlemen of ParadiseClub, to stay vigilant and closely monitor the price action of LTCUSDT. The current market conditions and technical signals suggest a possible downturn. Stay informed and make calculated decisions.
Litecoin continues to rally.Litecoin - 24h expiry - We look to Buy at 88.62 (stop at 86.12)
There is no indication that the rally is coming to an end.
Short term momentum is bullish.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look for gains to be extended today.
Our short term bias remains positive.
Our profit targets will be 94.62 and 96.62
Resistance: 87.50 / 88.50 / 91.00
Support: 84.33 / 83.50 / 81.50
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Litecoin to follow Bitcoin gains?Litecoin - 24h expiry - We look to Buy a break of 79.51 (stop at 77.11)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
79.34 has been pivotal.
A break of the recent high at 79.34 should result in a further move higher.
Our profit targets will be 85.51 and 87.51
Resistance: 77.95 / 79.34 / 81.00
Support: 75.76 / 75.00 / 73.20
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.
Bitcoin Price Could Hit $38k, But Rising Wedge Poses Risks $20k#Bitcoin HTF Chart Analysis
Current Price: $30,700
Technical analysis: Where patterns unfold
1️⃣ TrendLine Breakout: On the 3-day chart, #BTC has followed a significant TrendLine since its bull market high of $69,000. Impressively, Bitcoin recently broke above this TrendLine, which has now become strong support at $22,800. A successful retest was conducted at $19,850, affirming the validity of the breakout.
2️⃣ The Mighty Red Box: Since January 2021, a robust resistance line has hindered Bitcoin's progress. The first attempt to break this line failed, leading to the onset of the bear market in 2022. Currently, Bitcoin is making its second attempt, but caution is advised as rejection at this level remains a possibility. A potential breakout may occur on the third attempt.
The Parallel Channel: Another pattern forming on the high timeframe chart is a rising wedge or parallel channel. If BTC adheres to this channel, we may witness a rise toward $38,000. However, it's crucial to remain cautious, as a breakdown of this channel, also known as a rising wedge, could lead to greater price pain. The support for the rising wedge is currently at $26,000 but may change over time.
Opinion: Based on the chart analysis, it is anticipated that Bitcoin will initially reach the $36,000-$38,000 range. Subsequently, a correction to the $29,000-$30,000 range could occur. However, breaking down the rising wedge or parallel channel would signify a highly bearish scenario, potentially driving the Bitcoin price below $20,000.
Disclaimer: This report is not financial advice. Please conduct your own research before making any investment decisions.
Thank you for your attention.
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Litecoin bullish wave can't be ignored!! 👀 🚀LTC Today Analysis💎LTC is currently on a promising trajectory, forming an ascending channel, and there's a strong possibility it might continue to follow the Elliot Wave pattern from 1-5.
💎It's trading in a high-demand zone, which further bolsters the bullish outlook.
💎keep an eye on the lower low area - if the price breaks below this, it could signal a shift out of the bullish momentum.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
LTC: 🦝 Entering the Halving Cycle First 🌓Litecoin Sees 55% Increase In New Daily Addresses As Bullish Sentiment Grows:
Bullish sentiment around Litecoin has been on the rise as the network is drawing closer to its much-anticipated halving event. This positive sentiment is reflected in the number of new daily addresses on the blockchain, which has seen a significant rise over the last week.
Understanding Upcoming Litecoin Halving:
Litecoin’s halving is set for August 26.
In anticipation, wallet addresses and active users are skyrocketing.
Historically, price action has always followed halvings – but predicting when is tricky.
Halving events in cryptocurrency always garner a lot of attention with their rarity and impact to supply and demand. One of the older coins will have its fourth-ever halving in the coming weeks.
Litecoin, along with another major coin – Bitcoin – always has price action conversations attached to the halvings that have come before. Patterns seem to point to price rises following a halving, but the timing of the rises is difficult to predict.
Historical data reveals that previous Litecoin halvings did not immediately result in significant price surges for LTC. After the 2015 halving event, the price of Litecoin remained relatively steady until the middle of 2017, when Bitcoin embarked on a remarkable bull run that dominated the markets during that time.
Similarly, the second halving also led to a period of price stability before the broader cryptocurrency markets experienced a bull market in 2021.
🦝To my buddy Dave aka the Raccoon.... and future (maybe) partner to be.
One Love,
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$BTC hit first level called. Altcoins next?"I believe all" influencers had 27k target for $BTC.
Even posted on some of them that it WAS NOT the target.
DAYS ago we said 28K was the #BTC target for #futures.
Spot #bitcoin shows a lil extra room but IMO Futures dictate price, limit lil over 28k = 80%+, took it. (talking about the leveraged positions took few days ago (see profile for more info).
BIST:LINK (up 10%+) & CRYPTOCAP:LTC (25%+) moving, as is most #crypto.
Is Bitcoin Ready to Break $38,000? Bullish Flag Pattern SuggestsBitcoin Technical Analysis: Key Levels and Price Targets
Bitcoin (BTC) is currently trading at $27,000, and in this technical analysis, we will delve into the formation of a bullish flag pattern in the daily time frame. Additionally, we will examine the significance of key resistance levels and discuss potential price targets. Please note that this analysis represents an opinion and should not be considered financial advice. As an investor, it is crucial to conduct thorough research before making any investment decisions.
Formation of a Bullish Flag:
BTC is exhibiting a bullish flag pattern, which is a continuation pattern observed after a significant price increase. This pattern indicates a temporary consolidation before the upward trend resumes. Traders are closely monitoring the breakout of Resistance 1 at $27,300. A candlestick close above $27,500 would be an encouraging sign, potentially driving the price toward the next target of $31,000.
Significance of Resistance Levels:
During the previous bear market, the $30,000 level served as a robust support level. However, it has now transformed into a formidable resistance. Breaking above the current resistance level of $30,500 could signify a significant breakthrough and may lead to further upward momentum. This breakthrough has the potential to propel Bitcoin toward the next target of $38,000.
Potential Price Targets:
If BTC successfully surges past the $30,500 resistance, the next likely price target for Bitcoin would be $38,000. However, it is crucial to monitor the price action around the current resistance level of $27,500. In the event of rejection at this level, Bitcoin could retest the support level at $24,000.
CryptoPatel Key Levels:
To navigate Bitcoin's potential price movements, traders should be aware of the following key levels:
Support: $24,000
The $24,000 level has previously acted as a strong support level and could be tested again if BTC faces rejection at the current resistance.
Resistance 1: $27,500
Breaking above this resistance level is crucial for Bitcoin to gain momentum toward the next target of $31,000.
Resistance 2: $30,500
This level represents a significant barrier, as it was previously a strong support level during the bear market. A successful breakthrough could signal a bullish trend toward $38,000.
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Is it time to sell LTC as death cross just occured?As you may already know, a "death cross" occurred on the LTC/USD chart on June 19th, 2021. This is a technical analysis term that refers to when the 50-day moving average crosses below the 200-day moving average, indicating a potential trend reversal to the downside.
This is not something to be taken lightly, as it could be a sign of further losses for LTC in the coming weeks and months. As investors, it is important to be aware of these indicators and make informed decisions about our holdings.
Therefore, I am urging you to consider selling your LTC holdings currently. While it may be tempting to hold on and hope for a rebound, the death cross is a strong warning sign that should not be ignored.
Of course, it is ultimately up to each individual to make their own investment decisions. However, I believe it is important to share this information with the community and encourage everyone to take a cautious approach.