#LIT/USDT#LIT
The price is on an upward journey from the support area at the lower border of the bearish flag
The price now is 0.850
Its target is the upper border of the falling flag, which represents resistance from which the price may bounce slightly.
First target at 1.355
Then the ascent continues
For the second goal 2.20
The price now crosses the Moving Average 100
This rise is supported by seven sells on the MACD
Litecoin (Cryptocurrency)
The Final Zcash Chart Prediction for 2024-2025 Crypto Bull CycleIMHO - Zcash’s primary use case is a private store of wealth. It’s a Swiss Bank Account without the Swiss Bank. ZEC is PRIVATE digital Gold 3.0. The project needs a great wallet experience and a transition to PoS. Hoping new leadership can pull it off
Not anymore so I hear your frustration. Zooko founded Zcash so he gets rewarded like a founder. My guess is he cares far more about Zcash’s ability to provide freedom and privacy to the world than money. Anyhow, thanks for the comment. I personally use Zcash as a Swiss Bank account without the bank and for me, THAT is Zcash’s best use case. Private Bitcoin Digital Gold 3.0.
So why is BTC at 47000 and ZEC at 20 ? Usage has nothing to do with that. Technical properties are having no influence. ZEC is not an object of " speculation " investment. Investment and usage go hand in hand. The" ZEC company" is responsible for this disaster.
It's not speculation. It's serious investment into a product which holds value and is seen as beeing money. The people who are managing ZEC have never had any interest in price or value. It's kind of really strange to me that people who have no interest in money and it's value are trying to create a product which should replace our current money. the code has no value for anybody until you give it real value. This is something what we all do with things. First you need enough people who are seeing the value. Than you need people who are seeing that possible future value and buy it as an investment for the future. Than you can as the value increases do something with it and spend it. Money makes the world go round. Silly socialist ( woke ideas ) always have and always will fail because it goes against human nature. One more thing: In the long term, utility and usage are everything. This statement is correct. One question for you. Many people have developed many very good things. Why does one come to live and others which may be even better don't. What is the difference? That's not a lecture. That's live experience. Silly Ideas are killing humanity ( and ZEC )
www.youtube.com
www.youtube.com
Litecoin, Breakout Of Channel, Continuation When Confirmed!Hello Traders Investors And Community, welcome to this analysis about the recent events happening in litecoin, the current price-action and where the crpytocurrency-coin can continue further in the the next time. Recent occurrences in the cryptocurrency-space made provided mixed signals in the different crpytocurrencies, while the major bitcoin is still under a significant resistance level which hasnt been taken out yet there are coins like cardano or ethereum which made an new higher high already. One of the coins which provided some interesting signs on the surface and that can lead for some profitable opportunities soon is litecoin, therefore we are looking on the technical side of things in the 4-hour locally timeframe.
As you can see in my chart litecoin recently formed an huge and meaningful downward-direction-channel with its low at 39.5, in recent mechanisms the price just broke out this downward-direction-channel with some good and solid volatility to the upside. As it made a new high in the structure at 47.9 it experienced a bearish pull-back now, at the moment it is within the likelihood spectrum that this pull-back will continue to the downside as soon as we get some fundamental support to stabilize in the structure, the next important support will be the lower boundary of the downward-direction-channel and the coherently confirming 300-EMA which you can see marked in blue.
When we reach these levels and confirm them as support there is a good chance given that litecoin sets up to form some legs to the upside, be sure that the needed support-levels confirm properly otherwise when we fall below the 300-EMA and into the downward-direction-channel, this will add a bearish shape to the structure and more downside is possible. But when we confirm it rightly as support the targets you can see are activated and the middle-term-target is reached when we dont get any significant bearish pressure on the way which will alter the dynamic, the whole long-term-target of the downward-direction-channel is even higher so it will be interesting to see how litecoin reacts in the upcoming resistance.
Overall we can expect that litecoin is one of the decent coins at the moment but although with good upside potential especially if we take out important resistance-levels. The whole cryptocurrency market is sending mixed signals for now and we need to elevate where the journey is heading, also I discovered that the equality between the coins gets a higher spread this can lead to a dynamic which will change the market in fundamental ways as some coins loosing public demand and others get a boost of new fresh liquidity similar to the stock-market where there are big differences in stocks, traders and investors should be prepared for this and dont fall for the illogical approach to trade just anything and overconjecture the situation seen too often these days.
In this manner, thanks for watching, support for more market insight, also you can follow my social networks which you see in the signature for more in-depth, appreciate my friends! ;)
A wise thing that makes sense and needs to be encouraged is to strive for greater enlightenment in the modern markets.
Information provided is only educational and should not be used to take action in the markets.
Litecoin (LTCUSD): Another big long-term opportunity incomingLitecoin (LTCUSD): BINANCE:LTCUSD
For Litecoin , the analysis starts from December 2018, focusing primarily on the activity from 2021 to the present. It indicates that the major Wave II concluded at $41.60, and currently, Litecoin is in a major Wave III that is expected to exceed $413, representing a potential increase of 450%. This projection is based on a detailed examination of the coin's performance after the first two bull markets, suggesting significant growth potential within this cycle.
The strategy involves waiting for an opportune moment to enter the market, aiming for long-term holding rather than immediate action, based on the completion of sub-Wave 1 and 2 in red, with Wave 2 ending at $57.71. The current phase is believed to be within Wave 3, anticipated to reach between 161.8% and 361% extension, equating to a price range of $162 to $290. The upper limit of $290 is considered the maximum for this Wave 3, as going beyond would be unusual and not align with typical Wave 3 behavior.
By zooming into the 4-hour chart, short-term entry points are being identified, noting that Wave ((iii)) in black has already developed a smaller sub-wave and is currently in a minor Wave (iii) in blue, expected to significantly increase shortly. Our plan now is to wait for a correctional Wave (iv), which may take days or weeks to materialize, at which point a limit order will be placed for our long-term investment, as we missed the end of Wave 2 due to the timing of our analysis.
LITECOIN ON THIS DAY 7 YEARS AGO WENT STRAIGHT UP FOR 14000%The chart speaks for itself. This is the beginning of the massive parabolic rally for Litecoin. There is going to be massive swings on the way up so be prepared for that as people take profits thinking they know where the top is. Psychological numbers like $500, $1000, $2000 etc those may be stall points and drops but it'll quickly rebound. Once all the Bitcoin is bought up what do you think these big players are going to buy? You think they will buy all these unregistered securites or will they buy the crypto that has the green light by regulators? I think the answer here is simple. This next cycle will last longer and this target of around 10k could actually be just the first stop before going higher, I dont know. Once Litecoin enters price discovery, there is no telling where the top is. Im assuming around 10k unless it gets as much adoption as Bitcoin or close to then the price could be closer to $50k.
Call me crazy I dont care, I dont care about your market cap nonsense, or Litecoin is useless or dead, or whatever. Go elsewhere this is not the place for you. We are way ahead of your little mind, we know what is about to happen and we'll see you at the top. Bring a washcloth to clean your face
LTC wants to flyLitecoin is prone to start its large diametric E wave.
Wave D appears to be a triangle that is now ending.
By maintaining the green range, it is expected to move towards the specified tp on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
LTCBTC Potential ReversalLitecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring it remains above the 0.001341 support. Should this condition be met, LTCBTC could be preparing for an upward surge toward the 61.8% Fibonacci resistance. Notably, this level aligns with a previously established supply/demand zone, adding an extra layer of significance to the potential reversal scenario.
BINANCE:LTCUSDT | +500% Profit potential in the bull run On 1W chart LTC is consolidating in the support zone and this consolidation is good for the next trend of the LTC in the bull market.
This is a good place to buy some LTC and hold for the long period and sell it during the upcoming bull run
Allocate only small portion of your overall investment portfolio for this. Preferrably less than 0.5%
Regards,
VectorAlgo
LTC/USDT ascending channel bullish breakout? 🚀Litecoin💎 Yello, Ladies and Gentlemen prepare for a thrilling opportunity with #LTCUSDT, as it's currently navigating through an ascending channel, hinting at a potential bullish leap.
💎 Upon examining #LITECOIN, we've noticed its consistent trajectory within an ascending channel over the past few days. Presently, with its strong upward momentum, should it break above the channel and maintain this thrust, there's a high chance it will aim for the daily resistance level above.
💎 Ready to seize every chance? Stay vigilant for any slip below the channel with $LTC. In such an event, adopting a calm and strategic stance for a bullish rebound from the lower demand zone at $68.84 becomes our play, buoyed by the substantial liquidity present there. And if it dips below that? It’s time to brace for a potential drop and adjust our strategy accordingly.
LTCUSD: Potential Formation of a Trendline ChannelLTCUSD is hinting at the potential formation of a trendline channel, indicating a structured path that could dictate its price movements going forward. This development suggests a clearer direction for LTC's future price action, offering traders and investors a visual guide to understanding possible support and resistance levels. As LTCUSD carves out this channel, market participants will be watching closely to identify opportunities for strategic entries and exits, based on the channel's trajectory. This pattern emphasizes the importance of monitoring trendlines for those looking to capitalize on LTC's market movements.
Litecoin, Close To Strong Support-Level, Here Are Next Steps!Hello, Traders Investors And Community, welcome to this analysis about the current formation and price action forming in litecoin, there are some significant signs I detected on the daily time-frame. At the moment litecoin is whether confirmed bullish nor confirmed bearish this is why we are still in an indecisive-phase here and the next time will show how litecoin will proceed but litecoin has some good support levels below which can indicate a reversal to the upside when these levels confirm properly otherwise it can still fail and fall to the downside when confirmed below the major support in the structure.
What we need to keep in mind in the actual situation is that litecoin is still trading below the predominant EMAs you can see in my chart marked in blue with the 20 and 50-EMA already don't cross bearish or bullish this is why the current structure has to be confirmed in the proper direction as you can see it in the past months we had this EMA-confirmation litecoin confirmed either bearish or bullish, this signal is can come the next time when litecoin decides to take the upright direction before we do not see this EMA-confirmation-crossover litecoin is still in an inconclusive market.
When considering the bullish scenario we have an important support-level which is the key 61.8 % Fibonacci-support, it is marked in grey in my chart, when we touch this level it is within the high likelihood spectrum that we will get a bounce there because that level at 37.6 also matches with other support/resistance price levels litecoin formed in the past. It is a main task for litecoin to hold that level when bounced there otherwise when we fall below it there is a probability given that litecoin continues bearish to the downside because when the 37 level is crossed down there will be much berarish pressure below that level.
The next time we can expect that litecoin will test the 61.8% Fibonacci-support when it succeeds and forms support there we can contemplate more upside for litecoin and at least testing the higher levels in the overall structure, in this scenario it is also important that we take out the falling grey trend-line you can see in my chart. After that there are the 50 and 58 levels remaining to test for litecoin in the structure. To confirm bullish here we need to see at least the bullish EMA-confirmation because that was a high successful indicator for litecoin in the past it can confirm the further uptrend here.
Recall that it is highly important for litecoin to hold the 61.8% Fibonacci-support here otherwise when crossed to the downside the whole picture turns more to the bearish side. In the current situation, litecoin has to decide if it is strong enough to hold the proper support, therefore, it is important to wait and see how it develops which wise traders should almost always do. With opening a long-position it is important to wait on the confirmation before placing it which is the best idea in such a structure, we cant trade what we think we need to see the right confirmation before taking advantage of the opportunity, this gets highly important with the current layout in litecoin.
Thanks for watching, support for more market insight and good weekend everybody! ;)
Trading effectively is about assessing probabilities, not certainties.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go.
When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened.
In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas.
The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days.
Thanks for watching, support for more market insight and all the best!
The market-conditions are often the real source of truth.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
LITECOIN Is Trading On the Edge, Time To Make A Decision!Hello My Dear Traders Investors And Community, hopefully, everybody od you are doing well, today I have a look on LITECOIN and what we can expect from the next days and weeks, there are some interesting technical observations I made looking on the 4-hour time-frame. As I already pointed out with ETHEREUM we are still in an important zone, the same is with LITECOIN but we a different edge in the overall chart-picture. Therefore let's have a calm look at the current situation. Feel free to support for more market insight, my friends!
Now, when looking at my chart we can see that LITECOIN is trading in a major up-trend channel, you can see this channel marked with the grey trend-lines which go to the right loft of the chart, this is an important up-trend-channel for LITECOIN because it touched several times on the lower-trend-line of the channel, as you can see this marked in my chart with the purple circles, that shows the high significance of this up-trend-channel, when we cross below the channel this will be a bad bearish sign for LITECOIN and the falling downtrend channel which you can see in my chart will be intact therefore in this scenario a high possibility is for more downside is given.
What is a good sign currently is that LITECOIN is trading on an important bullish support-zone which you see marked with the orange box and the black trend-line, we have support in this area from past price movement and also it is building a logical coherent confluence-zone with the up-trend-channel. Therefore the possibility is given that we will see a bounce to the upside from that level, this scenario is confirmed when we cross the falling downtrend channel to the upside, but be aware! This can also be a fake-breakout with a bounce-back down after the test failed, therefore, we need a concrete confirmation with good momentum in this range.
Both scenarios can be traded accordingly to the structure but the right scenario either the bullish or bearish should be confirmed rightly as I already mentioned! For the bearish scenario, the logical breakdown of the up-trend channel to the downside with a definite trend-continuation in the falling down-trend-channel can be traded after confirmation with a conservative SHORT-entry. The bullish scenario can be traded after we confirmed above the falling-downtrend-channel and above the orange box you see in my chart. In both cases, we have to wait and don't rush in an unsuccessful trade which goes in the other direction, this is what a good trader should always keep in mind to take the opportunities with the highest probabilities, in this case it will be when either scenario has confirmed properly!
In this manner have a good day friends ;) Feel free to support for more market insight.
Success comes from elevated concentration on the projected goals
FAREWELL
Information provided is only educational and should not be used to take action in the markets
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today.
As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure.
In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside.
We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from.
When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside.
This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate.
I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation.
The information provided is only educational and should not be used to take action in markets.
Feel free to comment with your opinion and support. For more market insight follow.
May all luck and happiness come to you ;)
The cryptocurrency market is bullish! Litecoin is the same?Dear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
LTCUSD - bears looking to the ground! Hello traders and community! Looking on the current cryptomarket situation, LTCUSD is forming an interesting pattern which is worth to look at. On the daily timeframe you can see that LTCUSD is forming an triangle-formation. This is a pretty worthy signal because we have several factors which make clear that LTCUSD will make some more legs down. In my chart you can see that LTCUSD already confirmed the blue trend line and is now in a triangle-formation which normally in this situation breaks to the downside. The blue trend line is important because it is a 202 days old one which is broken now! In my chart you see the 38.2 % retracement of the overall bullish trend LTCUSD set in the past, it is also the triangle target! So two important levels to look at. The 38.2 % retracement is also an important psychological price level at 100 USD, normally at those price levels support and resistance is found! After this target is reached, (which is highly possible that it does) we have to look what LTCUSD does next. There are two other meaningful levels which LTCUSD may reach in the future! Once it is the 50 % retracement and second the 61.8% retracement of the recent bull move. This formation can be traded in several ways, there is an aggressive approach with immediate entry without waiting for confirmation, there is also an conservative approach to wait until the triangle has confirmed and broke out. The second option would be smarter because it is possible that the triangle breaks to the upside which it rarely will do! After a confirmation of the triangle down i will look for a good entry to place a short position. Other people may be bullish on LTCUSD now but at my point i cant see a decent long opportunity here!
Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody! ;D
"Litecoin: Major Opportunity as Bullish Momentum Builds"Litecoin: Navigating a Major Buy or Sell Opportunity as Bullish Momentum Builds
Litecoin, often dubbed the "silver to Bitcoin's gold," is currently at a critical juncture in its price action, presenting traders and investors with a significant buy or sell opportunity. Over the past six years, the market for Litecoin has been characterized by corrections, but each multi-year low has consistently formed a higher low, establishing a robust support level.
This pattern of higher lows underscores the resilience of Litecoin's market structure and suggests accumulating buying pressure at key levels. Now, as Litecoin approaches a pivotal moment, all eyes are on whether it will break out to the upside, surpassing the multi-year resistance level marked in red on the chart.
A breakout above this critical resistance level could signal the start of a bullish trend reversal and potentially ignite a sustained bull run. With Litecoin poised to challenge all-time highs, investors are closely monitoring the current pennant formation, marked by the black triangle on the chart, for clues about the coin's next move.
The pennant formation is a technical pattern characterized by converging trend lines, signaling a period of consolidation before a potential continuation of the prior trend. In the case of Litecoin, this consolidation phase could be setting the stage for a decisive breakout, either to the upside or downside.
For traders assessing this buy or sell opportunity, it's essential to consider the broader market context and key technical indicators. The pattern of higher lows provides a strong foundation of support, while the multi-year resistance level represents a significant hurdle for Litecoin's bullish aspirations.
As Litecoin navigates this critical juncture, investors must exercise caution and closely monitor price action for signs of a breakout. Whether Litecoin breaks out to the upside and embarks on a bull run or faces rejection at the multi-year resistance level remains to be seen. Nonetheless, the current pennant formation presents a compelling opportunity for traders to capitalize on Litecoin's next major move in the cryptocurrency market.
LTC Litecoin Price TargetAfter LTC reached its last price target:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for LTC Litecoin is the next resistance, $75.75.