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EGLD/USDT Technical Analysis Update ( Bearish Flag )Title: EGLD/USDT Technical Analysis: Bearish Trend Continues, $29 Target Expected Introduction: In this technical analysis, we will be discussing the current price action of EGLD/USDT and its potential future movement. Please note that this analysis is for educational purposes only and should not be considered as financial advice. It is always recommended to conduct your own research before investing in any coin. Current Price Action: EGLD is currently trading at $40, which is 9% down from the last entry. The coin has been facing a bearish trend and is currently down by 92% from its all-time high of $545. The recent low was at $32. Technical Analysis: Based on chart analysis, the bearish trend is likely to continue, and we can expect the price to reach a target of $29. However, if the price manages to break out above the $52 level and sustain above it, the bearish sentiment will end. In such a scenario, the upside target will be $100 to $125 after the breakout. Conclusion: It is essential to have a safe trading zone and be prepared with your positions. Never gamble with your hard-earned money and always conduct your own research before investing in any coins. Remember that this analysis is for educational purposes only and should not be considered as financial advice. Takeaways: EGLD is currently facing a bearish trend and is down 92% from its all-time high. Based on chart analysis, we can expect the price to reach a target of $29. The bearish trend will only end if the price breaks out above the $52 level and sustains above it. Always trade with a safe zone and conduct your own research before investing in any coins. Disclaimer: This content is for informational purposes only, and it should not be considered as financial advice. The information provided in this article is based on the author's personal opinion and analysis. Please conduct your own research before investing in any cryptocurrency.
Short
by CryptoPatel
XRP/USDT Bullish Mode Activated ?XRP/USDT Technical Analysis: Potential Retracement Offers Buying Opportunity for Long-Term Growth In the last few days, XRP has seen a 10% decrease in price from the previous update. We hope you have safely booked your profits. However, we expect to see further retracement in the near future, offering an ideal opportunity for buying in at a lower price point. Our analysis suggests that the best entry point would be around $0.45-$0.40, as it has previously bounced off the 0.618 Fib level. We believe that XRP is likely to reach new all-time highs in the next bull market, making it a favorable long-term investment. It's worth noting that even though we predict a target of $5 during the next bull run, we don't suggest waiting until then to sell. Instead, it's prudent to hold a small position until $5 and book profits at each target point, which are expected to be $0.57, $0.87, $1.41, and $1.95. It is essential to remember that this is not financial advice, and we urge investors to conduct their own research before investing in any coins. However, our technical analysis suggests that XRP presents a compelling investment opportunity, with a potential for long-term growth. Overall, we recommend that investors learn and earn from this opportunity, as XRP has a lot of potential in the future.
Long
by CryptoPatel
LTC/USDT 4HInterval Resistance and SupportAs the second chart in today's review, we'll be looking at LTC against USDT, also on a four-hour timeframe. First of all, using the yellow line, we can mark the downtrend line from which the price went up, while locally, we can mark the uptrend channel in which the price is currently holding with blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see, we have the first support at $88.69, then we can mark the support zone from $86 to $84, however, when the price falls below this zone, we can see a drop around the support at $76.77. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, the first resistance that LTC is fighting is at $90.09, the next resistance is at $96.98, and then the third resistance at $105.58. The CHOP index indicates that the energy is slowly gaining strength. The MACD indicator indicates a local downtrend. On the other hand, on the RSI, after a slight rebound, we have room for growth, when the price breaks the current resistance, we can see an attack on the second resistance.
by cryptodailyuk
LITECOIN - Time to ShineCould this be one of the last days to see LTC below 100$ ? The answer is possibly yes. Despite the fact we are still under 90$!!! Imo LTC is a bargain at the time and will trade this next. My chart shows structure i can trade on: 88.51 is support 84.56 is even stronger support I see novalid major resistances until 104.84. Thus: I am LONG with care, as always SL reasonably below 84.56 One Love, The FXPROFESSOR PS. Hopefully we make it to next Years Litecoin Birthday cruise.. and i hope they accept LTC as payment at the bar
Long
by FX_Professor
#LTCETH - Reaching Critical Point for Busting Out!With a fast-closing wedge from within #LITECOIN against #ETHEREUM we can see a breakout coming within the next couple of weeks - which way is the big question! With a strong Sell signal coming from Crypto Tipster v2 we're inclined to suggest a downward trend, but we wouldn't be pulling the trigger on this one until that wedge is broken one way or the other! If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
by theCrypster
6
Litecoin to breakdown?Litecoin - 24h expiry - We look to Sell a break of 84.98 (stop at 88.08) Broken out of the triangle formation to the downside. Trading has been mixed and volatile. Daily momentum has stalled and our bias is now neutral. A break of the recent low at 85.33 should result in a further move lower. 85.33 has been pivotal. Our profit targets will be 77.48 and 76.48 Resistance: 90.00 / 93.00 / 94.50 Support: 89.00 / 87.50 / 85.30 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.
VANTAGE:LTCUSDShort
by VantageMarkets
1
Litecoin in ascending triangle.Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64) Price action has continued to range within a triangle formation. Bespoke resistance is located at 94.50. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Price action has broken from the previous formation. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 85.88 and 85.08 Resistance: 92.50 / 94.50 / 95.69 Support: 90.78 / 90.00 / 88.63 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.
VANTAGE:LTCUSDShort
by VantageMarkets
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace. We described this in more detail, with graphs and comparisons, in our previous idea here: If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level. Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it. For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73. If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend. However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
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) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95. As a result of the move, LTC climbed to its strongest point since March 3, when the token reached a peak of $95.49. Overall, the move has pushed the 10-day (red) moving average closer to an upwards crossover with the 25-day (blue) moving average. Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index (RSI). At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone of 56.00. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563
3
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price broke back above $90 resistance to resume Uptrend, with upside potential to next resistance zone of $100-105. (set a price alert). Trend : Downtrend on Medium-Term basis and Uptrend on Short- 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 (previous resistance), then $70. The nearest Resistance Zone is $90, which it broke, then $100.
Long
by altFINS
LITECOIN is rallying and can reach $250 based on this fractal.Litecoin (LTCUSD) is rebounding on its 3D MA50 (blue trend-line) towards the 3D MA200 (orange trend-line). If it breaks above the Bear Cycle Lower Highs trend-line (dashed line), then it might imitate the October 2020 rally. So far the two sequences are fairly similar, even on MACD terms. A break-out rally similar to Oct 2020 can hit the 0.786 Fibonacci extension and print $250.00 ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSDLong
by TradingShot
6
Litecoin Halving GameplanWhat is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet. Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin offering at launch (thus it should not be targeted as a security by the SEC). The Litecoin block rewards for mining are currently 12.5 Litecoin per block. Every 840,000 blocks, the block reward is cut in half. As of this post there are 76,215 blocks until the next halving, estimated to take place August 2, 2023. Similar to bitcoin, the halving event reduces the supply of Litecoin entering the market. This reduction in supply, combined with steady or increasing demand, can cause the price of Litecoin to increase. In the past, we have seen significant price run-ups leading up to the halving event, followed by a reversal within a few weeks of the event. In 2015 the pre-halving trough to peak was in mid-July prior to the August 25, 2015 halving. In 2019 the pre-halving price peaked in mid-June. Interestingly, there were similar but less extreme economic conditions between the current environment and the 2019 halving. The S&P experienced a recent drawdown, fed funds rate had recently peaked, 2 year bond rates had recently rolled over fed funds, and global liquidity was relatively flat. My game plan for this halving event is to: 1) assume that price will not reach a new ATH and will have a lower proportional run-up than prior halvings 2) plan for price to peak by mid-June 3) take profits in three stages TP1 - $130 - the 0.786 of the retrace from the 2019 pre-halving peak to trough TP2 - $170 - the 0.5 of the retrace from the November 2021 high TP3 - use a moving stop to allow any further continuation 4) stop loss for invalidation at the bottom of the rising channel CRYPTOCAP:LTC BINANCE:LTCUSDT
BINANCE:LTCUSDLong
by Ben_1148x2
4