Litecoin is a commodityIt is simple, you buy and hold.
Therefore, understand that Doge as well is a commodity too.
Be safe.
LTCUSD trade ideas
LTCUSD: About to start an unprecedented end of year rally.Litecoin is about to turn overbought on its 1W technical outlook (RSI = 69.352, MACD = 5.439, ADX = 27.356) but that is far from a sell recommendation. This chart shows that the historic pattern since its start is a Channel Up which sees its greater returns and starts the cyclical rally when the 1W RSI turns overbought. All rallies have hit at least the 0.618 Fibonacci trendline so this is where our end of year target is (TP = 1,600). On an extreme bullish scenario, it can even reach the Channel's top, extending to a +32,549% growth as the 2017 rally, which return a target at 12,000. Best to have have sold the majority of your LTC at 1,600 though.
See how our prior idea has worked out:
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Litecoin Bullish April is going to be a green month for cryptocurrency. May will be the big correction month.
LTC 7 day trade targeting $123
LTC Bull continuation to break above 100$Hello, yeah I know the past week or so was a bloodbath,
So LTC as seen on the chart has just completed the correction from 102 and completed at 78$,
So from there, our entry was at 81.94. so from here im expecting a bullrun to break above 102$.
SO for those that have been hodling LTC, keep on Hodling. the coming weeks are gonna be great and life changing.
NFA as always.
Litecoin Emerges as Second Best-Performing Cryptocurrency Litecoin ( CRYPTOCAP:LTC ) has recently emerged as a standout performer, surging to become the second-best-performing digital asset in the top 100. This remarkable ascent comes on the heels of a pivotal declaration by the United States Commodity Futures Trading Commission (CFTC), cementing Litecoin's status as a commodity.
While meme coins capture headlines with their volatile swings, Litecoin hodlers are experiencing a euphoric rally, celebrating a surge of nearly 11% in the last 24 hours alone. This surge signifies a significant leap for Litecoin ( CRYPTOCAP:LTC ) amidst relatively stable markets, where Bitcoin and Ethereum corrected by less than 2% over the same period.
The CFTC's acknowledgment of Litecoin ( CRYPTOCAP:LTC ) as a commodity holds profound implications for its future trajectory. By delineating Litecoin from securities regulations enforced by the Securities and Exchange Commission (SEC), this recognition paves the way for a plethora of opportunities and integrations. Litecoin stands poised to receive more comfortable endorsements and foster deeper integration into mainstream financial systems, unshackled by the specter of SEC enforcement actions.
The genesis of Litecoin's recent surge lies in the CFTC's lawsuit against crypto exchange KuCoin, where Litecoin was explicitly categorized as a commodity. The complaint detailed KuCoin's involvement in facilitating futures, swaps, and leveraged transactions involving digital assets like Bitcoin and Ethereum, alongside Litecoin.
Litecoin's journey to its current heights has been marked by strategic movements and technical prowess. Trading within a horizontal channel between $63 and $77 for January and February, Litecoin ( CRYPTOCAP:LTC ) broke free from this confinement on February 29, igniting a bullish trend that has seen remarkable gains throughout March.
Technical Outlook
From a technical standpoint, Litecoin exhibits signs of strength and resilience. The Relative Strength Index (RSI) indicates a slight overbought condition, yet bullish sentiment prevails with a dominance of 61% bulls over bears. Litecoin's ability to bounce off key moving averages reaffirms its bullish trajectory and underscores its robust market fundamentals.
Moreover, if Litecoin's ( CRYPTOCAP:LTC ) price sustains its bullish momentum and overcomes the confluence resistance level at $100, it could signal sidelined buyers to step in and potentially kickstart a breakout rally. The Pivot point at $119.84 will be the target for some of these buyers to potentially book profits. This move in Litecoin ( CRYPTOCAP:LTC ) price would constitute a 32% ascent from the current position.
On the other hand, Litecoin’s bullish outlook could face invalidation if the pioneer crypto – Bitcoin triggers a steep correction. In such a case. Litecoin ( CRYPTOCAP:LTC ) price could revisit the $79.78 support floor.
Litecoin---Cup N Handle??? Road to $1000+
Hey guys! CryptoGao in here,
Litecoin is one of the OGs from the Cryptomarket. This one had its Halving event last year and its about to do a pump. I made 2 vertical lines in my chart which signal the halving in the exact date it happened. You can see that after Litecoins second halving, price action went up parabolical.
Another thing Ive noticed is that there is a cup n handle formation that has been forming for YEARS in this chart, Ive kept track of this for 3 years already. Litecoin most important resistance to break right now was $102. We are primed to go to $200 and much beyond.
LTCUSD: Strong Buy Signal Amidst Short-Term Bearish SentimentHello Everyone,
LTCUSD remains a compelling buy, backed by a favorable trend across the 1-day to 1-year timeframes. However, it's worth noting that the predominant position is currently leaning towards short, suggesting an expectation for a decline in value. A critical level to watch is 104.347, which has served as a strong resistance point on the 1Y timeframe. If this level transitions into support in the near term, it could prompt further upside momentum.
TradeWithTheTrend3344
Litecoin Short Term Buy IdeaH1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
The seven year squeeze? Part 4Just a quick update, and zoomed in. Waiting to break.
And by the way, look at the 3mo, 6mo, and 12mo charts. It's as though LTC has been waiting its whole life for this very moment.
LTCUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
LTC Prints Piercing Pattern on Daily CandleLTC prints Piercing Pattern at pull back followed by HHs.
Litecoin Hints A Bullish Rally beyond $115Recent Rally: LTC shows a 15% increase in five days, signaling a strong recovery.
Fibonacci Dominance: The price sustains above the 50% Fibonacci level, targeting over $100.
Psychological Mark: Aiming for a breakthrough above $100, with sights on $113.
Bitcoin's Influence: Bitcoin's performance above $70K positively impacts LTC's momentum.
Anticipation Around Halving: Bitcoin halving expected to boost altcoins like LTC, with predictions stretching beyond $200.
V-Shaped Recovery: LTC demonstrates a V-shaped reversal, indicating strong buying interest.
Trading Volume Surge: A 106% rise in intraday trading volume underscores bullish sentiment.
Technical Indicators: The RSI and MACD indicators signal a bullish trend reversal.
Supply Zone Caution: Awareness of potential resistance and reversal around the $100 mark.
Uptrend Potential: Optimistic outlook suggests LTC could hit $113 and possibly $130.
Market-Wide Recovery: The overall bullish market trend supports LTC's upward trajectory.
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders!
The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions.
Litecoin Setup (Part. I)
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Trade with care
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short LTCLitecoin bounced down off the resistance level and broke through the ascending trendline. A decline to support level at $78.1 is expected to happen
Litecoin Reversal: Case for a Bearish Head and Shoulders PlayHello everyone, I'd like to share with you my current outlook on the Litecoin market, based on the technical analysis of the LTC perpetual futures contract. I've identified a formation that prompts some caution: a potential Head and Shoulders pattern that's taking shape on the daily chart.
This technical indicator is traditionally interpreted as a precursor to a bearish reversal. You can see here the central peak, which is higher—that's the head—and the two other peaks, roughly at the same height, are the shoulders. This pattern is confirmed by decreasing volume, which bolsters my belief in an upcoming trend reversal.
Therefore, my strategy will be to set up a short position as soon as we see a convincing breakdown of the support level, which is just below the current price. I've set my downside target at around 60 USD, down from the current level of about 97 USD. This potential profit zone is clearly marked here in red.
LTCUSDLitecoin long term view
in my opinion, could reach about 300 till 400, current price is 89
SL: fix the price under 55
Cryptolean Litecoin LTC UpdateIn the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.
However, it recovered strongly, re-confirming $80.43 as a support.
The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.
A bullish break-out of $92.07 is needed to have a rally towards $100.
A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.
Possible squeeze momentum on $LTCI see a possible squeeze momentum on $LTC. It could shoot to $105 local top area.
Buy signal printed on 4H. Squeeze printing green candles.
Let's see!
Optimistic Outlook for LTCUSD!
Hello friends,
Today i'd like to review the current status of LTC and the opportunity pitched to the bulls over the past few days in the month of march 2024.
Taking a step back first, looking at the daily. Our first major indication is the money flow and it's direction. Since November of 2023 money flow has crossed into the green signaling bullish momentum and sentiment. Although the price has not performed exceptionally well when compared to others in the ecosystem it has remained stable.
On the daily the last things we want to observe are the key levels of support and resistance created by the previous candle structure. While pairing with the fib. retracement tool we observe overlap between a key area of interest and a level outline by the fib, we will monitor this and make a mental note calling it a potential significant area.
Looking a little further, the 4 hour has a beautiful consistent curvature to the money flow. The bounce on the 200 EMA, and money flow and overall direction of the trend adds confidence to this. Although the gap between RSI and Stochastic RSI is there, ideally we'd like to see it come together upwards. The RSI pair on the daily look much better.
Cheers,
Uni
LTC looks good, IHNS 4HMy view, LTC shows a clear pattern of inverted head and shoulders on the 4 H timeframe. Price 97 is my target, invalid if it fails to fall below the neckline. additionally, on tf daily the resistance area is at 99.68 - 106. NFA! always use a safe risk ratio, set a target and stop loss for your trading plan.
LTC is forming a Head and Shoulders patternLTC is rising to the $95-$100 price range to form a Head and Shoulders pattern in the D1 time frame.
If the scenario is correct, LTC will then fall to the $55-$68 area or lower
LTC inverted head and shoulders KRAKEN:LTCUSD is showing an inverted head and shoulders. I'd like to see it clear the VWAP anchored to the prior high before getting excited.
LTCLTC looks to be following DOGE, up to first quarter next
Coinbase BCH, DOGE, LTC futures narrative heating up
Also, let's not forget that DOGE and LTC are merge mined
