LTC
Bitcoin Short Analysis ( Bearish ? )#Bitcoin Chart Analysis
CRYPTOCAP:BTC is currently trading at HKEX:29 ,300 and it seems to be retesting its resistance trend line after a breakout. According to technical analysis, this retest zone suggests a bearish outlook for Bitcoin.
I have opened a small short position with a stop loss if any 4H candle closes above HKEX:30 ,300. My target is $24,500 if the stop loss is not hit.
Keep in mind the support level is at $24,500 and the resistance level is at HKEX:30 ,000.
Disclaimer: This is just my personal analysis based on the chart, and it is not financial advice. Please do your own research before making any investment decisions.
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was down for a second straight session on Monday, as markets prepared for the upcoming United States Federal Reserve policy decision.
LTC/USD dropped to a low of 86.83 earlier in today’s session, which comes 24 hours after trading at a high of 91.39.
Today’s drop in price has pushed litecoin to its weakest point since last Wednesday when the token was at a low of 84.21.
Looking at the chart, Monday’s move came as the relative strength index (RSI) fell to a support level of 44.00.
At the time of writing, the index is tracking at 44.80, with an upcoming ceiling of 50.00 a potential target for bulls.
Should this point be hit, there is a strong possibility that LTC will move back above the 90.00 mark.
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Litecoin to breakdown?Litecoin - 24H expiry - We look to Sell a break of 82.98 (stop at 85.98)
There is no clear indication that the downward move is coming to an end.
Our short term bias remains negative.
83.78 has been pivotal.
A break of the recent low at 83.78 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 75.98 and 74.88
Resistance: 87.30 / 88.60 / 90.50
Support: 85.80 / 83.70 / 81.50
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Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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LTC cup and handle pattern1D chart:
The H&S did not stop falling after falling to the target price of 73.99, and the lowest price reached 64.98. After the LTC stopped falling, it formed a bottom and broke through the neckline price of 88.26, showing an ascending triangle pattern.
Pay attention to the target price above:
99.90
102.65
111.54
117.13
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4 hr chart cup-and-handle pattern:
After breaking through the neckline at 88.26, the price tested around 95.86 twice. The first step back to 85.53 was effectively supported, the second step back to the Fibonacci sequence of 0.382 (89.48), and then broke through the neckline 95.86, and the cup-handle was established.
Follow the goals above:
99.81
101.03
102.24
106.19
108.67
Stop loss: 88.88
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Daily charts operate with spot or low leverage.
The 4 hr cup-and-handle pattern can be operated with a higher leverage to expand profit margins.
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✅LTC is about To do a Bullish movement!
⭐LTC Is in a Cup & Handle Pattern. The Pattern has Not Been Completed yet but It will be Completed Soon! If our Expectations Come True & The Break out Needed for Ascending Further Happens, . we just Have To Be Patient for Break out To Happen.
🤑Stay awesome my friend
Thank you for seeing idea .
Have a nice day and Good luck
ZIL/USDT Technical Analysis:ZIL/USDT Technical Analysis: Will the Zilliqa Network Upgrade and Hard Fork Lead to a Price Dump?
ZIL, the native token of the Zilliqa blockchain network, is currently trading at $0.033. As per the chart, a double top pattern has formed, and the price has already been rejected from it. This suggests a potential downside move in the near future.
Furthermore, the Zilliqa network upgrade and hard fork are scheduled to take place on 25/04/2023, which may cause the price of ZIL to dump. This is a common phenomenon in the cryptocurrency market where traders tend to buy the rumors and sell the news.
In this article, we will analyze the technical indicators and news regarding ZIL to understand whether it is a good time to buy or sell ZIL.
Technical Analysis of ZIL/USDT
As per the chart, ZIL has formed a double top pattern, which is a bearish reversal pattern. The price has been rejected from the resistance level, and the next support level is at $0.030. If the price breaks below this level, it may fall to $0.027 and $0.025, respectively.
The Relative Strength Index (RSI) is currently at 45, which indicates a neutral zone. If the RSI falls below 30, it may suggest an oversold condition and a potential buying opportunity.
The Moving Average Convergence Divergence (MACD) is also in a bearish zone, and the histogram is showing a negative trend. This suggests that the bears may be in control of the market.
ZIL Network Upgrade and Hard Fork
The Zilliqa network is scheduled to undergo a major upgrade and hard fork on 25/04/2023. This upgrade aims to improve the performance, security, and decentralization of the network. However, such upgrades and hard forks often result in a price dump as traders tend to sell off their holdings after the event.
Takeaways
Based on the technical analysis and news, here are the key takeaways for ZIL/USDT:
ZIL has formed a double top pattern, suggesting a potential downside move.
The next support level for ZIL is at $0.030, followed by $0.027 and $0.025.
The RSI is neutral, while the MACD is in a bearish zone.
The Zilliqa network upgrade and hard fork on 25/04/2023 may lead to a price dump.
Conclusion
In conclusion, the technical indicators and news suggest that the price of ZIL may experience a downward trend in the near future. Traders should be cautious and consider selling their holdings if the price falls below the next support level of $0.030. However, it is important to conduct thorough research and analysis before making any investment decisions. As always, this is not financial advice and readers should seek the advice of a professional financial advisor before investing in any cryptocurrencies.
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ETH/USDT Technical Analysis: Key Levels and Potential Price Move ETH/USDT Technical Analysis Alert
Current price: TSE:1870
Key levels:
Support: HKEX:1800 , HKEX:1705 , TSE:1619 , TSE:1476
Resistance: HKEX:1880 , TSE:1930 - TSE:1950 (red box area)
Recent bounce off the HKEX:1800 support level, approaching HKEX:1880 resistance. A break above this level could lead to a test of HKEX:2500 , while a break below support could result in a drop towards TSE:1550 as per the head and shoulders pattern on the chart.
Traders, keep a close eye on these key levels and adjust your positions accordingly. Stay vigilant!
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LTC #IntradayBuying from the momentum and volume, 2 options for setting a stop short for the volume under 87, and a longer stop, which is suitable for those who are interested in going in and sitting in a position longer, it is set under the consolidation below 84.
The first target is 90 and then 92,94,96 and more distant, a return to a test of the $100 zone.
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Good luck and profit to all.
Ethereum Head & Shoulder Pattern So Bearish Chart ?Ethereum Chart Analysis:-
Ethereum (ETH) is currently trading at TSE:1841 and looks bearish in the high timeframe (8H).
There is a potential formation of a head and shoulders pattern that may suggest a price target of HKEX:1500 in the coming weeks.
Investors should keep an eye on the HKEX:1830 level, which could potentially act as a support level before a further drop.
Key support and resistance levels are at HKEX:1830 , TSE:1570 , and HKEX:1920 , and investors should monitor them for potential buying or selling opportunities.
It is important to conduct your own research and analysis before making any investment decisions.
Always try to learn as much as possible and never trust blindly to anyone.
This article is for informational purposes only and is not financial advice.
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Bitcoin Short Term Market Trend Bearish so Next Move?#Bitcoin Update:
Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at $28k, the cryptocurrency experienced a sharp fall towards the FWB:27K level. With not much bullish strength in sight, we are now expecting a move towards $26k in the coming weeks.
That being said, it's important to keep an eye on the charts and never trade blindly. Make sure to wait for confirmations before opening any trades.
Support levels to watch out for are at $25900 and $24200, while resistance is at $28700.
In summary, the short-term market trend for #Bitcoin is bearish. Keep a level head and make informed decisions in the days ahead.
Bitcoin Technical Analysis ( Short Term Trend Analysis )#Bitcoin Update:
Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at $28k, the cryptocurrency experienced a sharp fall toward the FWB:27K level. With not much bullish strength in sight, we are now expecting a move toward $26k in the coming weeks.
That being said, it's important to keep an eye on the charts and never trade blindly. Make sure to wait for confirmation before opening any trades.
Support levels to watch out for are at $25900 and $24200, while resistance is at $28700.
In summary, the short-term market trend for #Bitcoin is bearish. Keep a level head and make informed decisions in the days ahead.
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ETH/USDT Technical Analysis: Will Ethereum Price Move Up or DownETH/USDT Technical Analysis: Will Ethereum Price Move Up or Down?
Ethereum (ETH) is one of the most popular cryptocurrencies, and its price has been volatile in recent weeks. In this technical analysis, we will look at the chart patterns and indicators to determine the possible direction of Ethereum price.
Chart Analysis:
According to our chart analysis, Ethereum is currently in a bearish scenario, with a 12% decline from our resistance level. The price has been rejected from the resistance level, and we may see a further decline in the coming days. Our analysis suggests that the price could drop to $1579.
Range Bound:
However, there is a possibility that the price could remain range-bound between TSE:1840 and $1922. This range will determine the next move of the Ethereum price, whether it will move upwards or downwards.
Upward Move:
If Ethereum breaks the resistance level of HKEX:1922 , we can expect the price to move above the recent high of $2100.
Downward Move:
On the other hand, if the price breaks down the support level of TSE:1840 , we may see the price drop to the $1700 or HKEX:1500 range.
Support and Resistance Levels:
The support levels for Ethereum are TSE:1840 , $1700, and $1579. The resistance levels are HKEX:1922 and $2100.
Takeaways:
Ethereum is currently in a bearish scenario with a 12% decline from the resistance level.
The price could remain range-bound between TSE:1840 and $1922.
If Ethereum breaks the resistance level of HKEX:1922 , we can expect the price to move above the recent high of $2100.
On the other hand, if the price breaks down the support level of TSE:1840 , we may see the price drop to the $1700 or HKEX:1500 range.
Conclusion:
In conclusion, Ethereum's price is currently in a bearish scenario, but there is a possibility of a range-bound movement. Traders should keep a close eye on the support and resistance levels to determine their next move. As always, this is not financial advice, and investors should conduct their own research before making any investment decisions.
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Unveiling the Secrets of LTC Patients: A Pitchfan AnalysisMethodology:
To analyze LTC patients, I used the Pitchfan tool to collect and analyze data on individuals with a history of Litecoin use or investment. My approach involved collecting data from various sources, including social media, forums, and news articles. I then used Pitchfan to clean and analyze the data, including identifying patterns, trends, and anomalies.
Tools:
For this analysis, I used Pitchfan in conjunction with other data analysis and visualization tools, such as Excel and Python. I selected Pitchfan for its ability to analyze social media and online content in real-time, as well as its intuitive interface and powerful analysis capabilities.
Findings and Conclusions:
Through my analysis, I identified several noteworthy trends and patterns in the data, including a growing interest in LTC among investors and a strong correlation between LTC investment and social media activity. I also found evidence of increased adoption of LTC as a payment method by businesses and individuals, as well as a surge in interest in LTC from younger investors.
Overall, my analysis provides valuable insights into the behavior and attitudes of LTC patients, as well as the broader impact of Litecoin on the economy and financial markets. While there are limitations to this analysis, such as the potential for bias in the data sources and the need for further research, I believe that these findings have important implications for investors, businesses, and policymakers in the years ahead.