Ltcusdanalysis
LTC/USD Price analysis 5/03(HODL)UpdateLTC/USD (LONG SET UP)
BUY AT- $290.00/$280.00/ $270.00/ $260.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $290.00/$275.00/ $265.00/$255.00/$245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $300.00/ $325.00/ $350.00/ $375.00
The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA , the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA , it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
LTC/USD Price analysis 4/28 (HODL)LTC/USD (LONG SET UP)
BUY AT- $240.00/$220.00/ $205.00/ $170.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00
The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA, it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
LTC breaking out the tunnel, potential upside 70% 460USD NEXT!Seems like LTC is breaking out from the downward tunnel. After breaking the minor resistance ahead there are couple of resistance lines holding it. As the alt season is starting it seems prominent that LTC could break both those resistance lines to test new ATH at 460USD. This is based on the earlier waves. All it requires the volume to kick in and we can go up fast.
Just an idea. Not financial advice.
LtcUsd- preparing to pumpAlso in Litecoin case, the correction seems to be over, with the price not being able to drop under 200 important figure during the selloff.
Now LtcUsd is trading comfortably above 240 important support and I expect continuation to the upside once this consolidation is over.
Dips towards 240 should be considered a good opportunity for bulls to open long trades and, as a target, I'm looking to 350 figure
Ltcusdt breakout expected for athHi Traders,
Welcome to my new idea. In this idea i am looking that litecoin has broken the descending channel in a big uptrend ascending channel and have touched the bottom of ascending uptrend channel. Now it's time for making it's ath but wait first it will have to breakout the resistance above it mentioned in the chart as red horizontal line. After it's breakout a nice long entry can be done with nice profits and we will see ath of litecoin.
Let me know in comments your ideas 💡
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believe it or not ... LTC still to $1000 !!check out out previous prediction for LTC in the related idea below ... it just moving on it !!
what happened that after breaking the diagonal dashed resistance line , price reached first target n then tested the same resistance line again as a support
and as we can see strong rebound right now which means that previous resistance flipped to strong support
nothing to worry about .... LTC still going to $1000 in my opinion
we maybe have another bearish scenario if a daily candle close below $164 other than that never sell
LTC to explode soon !!! Structures are pretty similar if you compare it with september fall
Just overlayed the fractal and we get a price target of about 1400USD
which is also respecting fibs if we overlay fib from 22USD to 380USD (most exchanges mark LTC top as 380 so took this as median level)
DYOR
THis is not investment advise
LTC short to 203
1) The five-wave Elliott wave series started on December 10th at $75 and ended at 337 on Apr 17th giving a good 4-month run-up in a beautiful 5 wave series, here are few confirmations why I think this is a 5 wave series:
a) Wave 1 started low at $70
b) Wave 2 is a zig-zag correction of W1 at 61.8% correction at $119
c) Wave 3 extended a little over 100% of Wave 1 to $246
d) Wave 4 is a zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter correction ending around $153
e) Since Wave 1 & Wave 3 are short waves, Wave 5 is extended to 100% of the distance between the start of Wave 1 & Wave 3 i.e.(246-71=175) so Wave 5 started from $153 and went up by another $175 so total $153+$175=$328 (FIB 100% extension)
2) So, now we know that the perfect 5 wave Elliott series completed, what's next? I think it's going to be a BIG CORRECTIVE WAVE for the whole 5-wave series. Corrective waves are of three types Zig-zag, flat, and triangle correction, and the retracement can be at the following levels also touching the bottom of the long-term monthly channel coming from December 2020 :
a) FIB 38.2% - $234
b) FIB 50% - $202
c) FIB 61.8% - $171
e) FIB 78.6% - $125
I personally think that the market will retrace back to FIB 50% retracement at $202 before it picks back up again.
Appreciate everyone's feedback, happy trading
ATH soon and than new ATHsWe'll test the ATH at 370 than maybe we'll have a small correction and if we break the ATH we'll have three targets for long term
715 (90%)
1062 (184%)
1322 (260%)
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LTCUSD BIG POTENTIAL BUY/LONG INCOMING!Technical Analysis
1. Pennant Pattern Breakout
2. Waiting for the pullback before we re-enter to reach 340.00 which is at Fibonacci Expansion 1.618 Take Profit Zone
3. Fibonacci Retracement and 1st Take Profit has been completed.
4. Waiting for Fibonacci Expansion 2nd Take Profit
Note, should there be consolidation at Fibonacci Level 1 (Grey Zone) we will prepare for a push up without the pullback
The entry point for the pullback is at 205.65 and Take Profit at 340.00
LTCUSD - LONG- patiently acquiring positions HODL!
Movement will come, direction is waiting for enough positions to take it off or will come down to
see if there is positions left to take liquidity wise. "Patience is Key"
Most probable chance is a a buy limit at 208-215.
Best of luck Traders!
Comments are welcome! Have your say.
Triangle patternFirst of all, I apologize for not being able to update the analysis due to personal issues.
In the daily chart, the first target of the uptrend can be around $ 526.
In the 240-minute chart over review, a Triangle Pattern is under formation, of which it could have ended in this point or it could have extended up to the $ 177 range in the e-wave, and then the ascending movement begins.
We can get the main confirmation for the uptrend, when the price crossing the range of $ 217
LTC may test 180 - 165 support then to $500as we cans see the short resistance black line which litecoin failed to break it 3 times.
a daily red engulfing candle has closed below the black resistance line..
it will be amazing opportunity to catch any ltc between 180 -165
once a daily candle close below 160 ... we can say at that time that we are bearish
but till the moment we r completely bullish and $500 - $1000 is coming !
believe or not .... LTC TO $1000 in that caseLTC shows strong bullish ascending channel so far and strong support , faced resistance $250 before n wouldn't able to break it .
once we close a week candle above $370 so we can predict $1000 easily
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