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LTCUST trade ideas

Litecoin (LTCUSDT) Market MomentumLitecoin (LTCUSDT) has been a steady force, treading above the 61.8% Fibonacci support area since late September 2023, creating a stronghold of demand around the $64 level. The recent resurgence sees LTCUSDT reclaiming its position above the long-term uptrend trendline, signaling the potential validation of a mid-term uptrend. In today's analysis, a compelling chapter unfolds as we witness a potential clean bounce off the short-term uptrend trendline—a support pillar that currently cradles Litecoin's price. Notably, the $69 zone emerges as an attractive buying opportunity, boasting a risk-to-reward trade setup that promises solidity and potential gains. The journey ahead for LTC holds promise. The $69 zone, with its strategic positioning and enticing risk profile, beckons as a gateway to potential market opportunities. As the gears of Litecoin's market dynamics click into place, our sights are set on the $87 resistance area, where the next chapter of LTC's upward trajectory may unfold.
Long
by CryptoPAMM
[LTCUSDT]ALWAYS BUY WHEN NO ONE IS TALKING ABOUT IT ...Hi All, Silver has been underestimated for Years !, Now this will come an end. Blue line is the Low-Equilibrium and the red is the high. Now at Low, heading high equilibrium. This is start by doubling within days, in a week I will give the high but for LTC I see a quick 5 x in the next 2-3 weeks. Trend and interest building up. which will squeeze the price- High Vol, small candles. Always buy low sell high but ALWAYS keep an eye on it. Cheers
Long
by KinkoHyoTrading
1
LTC: 79-84 Support Zone can push the price furtherLTC: 79-84 Support Zone can push the price further Finally, after a long time, LTC broke out of the 79 resistance zone and now turned into resistance. The bullish optimism in the crypto market is pushing all ALTs to reach old zones again. Chances are that LTC can easily reach 113 as it was before in July 2023. Considering BTC and ETH are near all-time highs and holding strong there, the free liquidity may favor ALT more now and we may see LTC rise more. You may find more details in the video! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
LTC 👉 🔺️ Moving in triangle 🔺️👈Hi dear traders The price of Litecoin in the daily time frame is supported at the level of 78.6%( 56.52$ ) correction of the previous wave and has shown a good reaction to it. The not-so-credible downward trend of the price has also been broken and the normal positive divergence in the MACD indicator indicates the possibility of the continuation of the upward trend after the price exits the triangle pattern and breaks out of the 69$ resistance in the price. Now we can open long position after breakout triangle or wait until feak breakout bottom of triangle near 61.5$. Let's see what happens This is not financial advice ( DYOR ) Good luck
Long
by Th57Trader
4
Technicals Suggest LTC Could Rise 10% in the Next Few DaysIn the past 48 hours, BINANCE:LTCUSDT has maintained its bullish momentum, reflecting a strong uptrend on the 4-hour chart. Closing prices over the last several candles have showcased the resilience of LTC, with recent figures ranging between $79.92 and $84.16. The 9 Exponential Moving Average (EMA) for LTC has been consistently above the 20 EMA, indicating a bullish trend. The 9 EMA has shown an upward trajectory, affirming the prevailing bullish sentiment. Similarly, the 20 EMA has demonstrated a positive slope as well, further solidifying the uptrend. Moreover, the Moving Average Convergence Divergence (MACD) histogram has exhibited bullish momentum, with values consistently above the signal line. The MACD histogram has also progressively increased in the last two days, highlighting strengthening bullish momentum. This suggests a continuation of the current upward trend in the Litecoin price action. The Relative Strength Index (RSI) for LTC has displayed overbought conditions, indicating heightened buying pressure. Despite occasional fluctuations, RSI values have remained relatively high, with recent readings ranging between 64.36 and 78.32. While this signals a potential for correction, it also underscores the prevailing bullish sentiment in the market. Considering potential price movements, investors should closely monitor key support and resistance levels. The $76.32 mark serves as immediate support, followed by additional support level at $73.02. These levels may act as critical areas for price rebounds or potential entry points for long positions. Potential Trade Approaches For a long trade, investors may consider entering once the Litecoin price breaks above the resistance level at $84.16. This breakout could signify a continuation of the bullish momentum. Set the initial profit target at a conservative level, such as 10% above the entry point, around $92.58. However, if the trend remains strong, consider trailing the stop loss to protect profits while allowing the trade to run. Alternatively, if the price falls below the 9 EMA or encounters resistance at higher levels, consider exiting the trade to lock in gains. For a short trade, wait for confirmation of a bearish reversal pattern or a rejection near the recent resistance level at $84.16. This could include a bearish engulfing candlestick pattern or a failure to break above the resistance level. Set the initial profit target at a conservative level, such as 5% below the entry point, around $79.95. However, if the bearish momentum intensifies, consider trailing the stop loss to protect profits while allowing the trade to run. Additionally, if the price crosses above the 9 EMA or encounters support at lower levels, consider exiting the trade to limit losses.
Long
by StevenWalgenbach
LTC/USD 2 Squeezes in OneHere we are playing off the harmonic idea of a double confluence of squeezes in terms of structure and timing. The TTM Squeeze indicator has a rare weekly squeeze to the upside and LTC has not moved a muscle yet, which is a rare opportunity. In theory, based on what I have been seeing in the market... if everyone is as long as they say they are, this is a great opportunity the weekly scale I mean great tbh. Not to mention this would mean timely results instead of waiting a very long time for strong trend-like moves.
by bloodbound696