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Litecoin (Cryptocurrency)

Everything you need to know about Litecoin Halving👨‍🏫Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ). 📚First, let's learn more about Halving and especially Litecoin Halving .📚 💡 What is a block-halving event ❗️❓ As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving. 💡 Why was Litecoin Halving done ❗️❓ Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time! 💡 What is the Litecoin Halving History ❗️❓ Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC. 💡 When is the Next Litecoin Halving ❗️❓ The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC . -------------------------------------------------------------------- 📈 Technical : Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened. If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend . The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴. In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA . The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time. In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓ -------------------------------------------------------------------- According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓ Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:LTCUSD
by pejman_zwin
34
LTC/USDT Bullish Flag Breakout on the Horizon? 👀 🚀Litecoin💎Paradisers, turn your attention to #LTCUSDT, as it showcases a compelling trading pattern. Currently positioned in a demand zone and exhibiting a bull flag formation, there’s a heightened probability for an upward movement.\ 💎#Litecoin has demonstrated a consistent pattern of breaking above a descending channel, followed by a retest and then an upward movement. At present, CRYPTOCAP:LTC is indicating a bullish flag breakout. This pattern presents a significant chance for a bullish movement. If the upward trend continues, LTC is set to target the supply level at $76.97, with potential to extend even further to the higher supply zone at $81.65. 💎 For the discerning Paradisers, timing is key in leveraging this opportunity. Identifying the most advantageous entry points during this anticipated rise is crucial, and being mindful of avoiding entry at the peak is advisable. Additionally, for #LTC, be prepared for a potential bullish rebound from the demand zone at $65.30, especially after surpassing the demand at $83.40. However, a decline below this level might indicate potential difficulties in sustaining the bullish trend. 💎 In this dynamic and evolving market landscape, strategic planning and adept decision-making are critical. Developing a comprehensive trading strategy, encompassing effective money management and a thorough understanding of support and resistance levels, is essential for achieving successful trading outcomes. 🌴💰
Long
by MyCryptoParadise
2
Litecoin (LTC) Would It Continue Its Upward Trend?Litecoin (LTC) Bitcoin's recent downturn has also influenced Litecoin's price. The asset has repeatedly tested the $66-$68 support zone, five times in the last two weeks, with the price rebounding relatively quickly each time. Litecoin is currently hovering around the resistance zone of $72.1-$73.3. For LTC, continuing its upward trend remains a priority, but this is contingent on Bitcoin exhibiting a similar pattern. The immediate goal for buyers is to retest the seller's zone at $75.1-$76.9 and attempt to reach a new local high of around $79. Should the correction persist, it could have a substantial negative impact on Litecoin. The cryptocurrency might decline to the $63.2-$64.8 zone, and if Bitcoin falls to $30,000, LTC could hit a new local low below $60, effectively nullifying its gains over the past month. Thus, short-term investments in LTC currently carry a significant risk.
Long
by DEXWireNews
2
LTCBTC (litecoin)hi dear trader there are two take profit on this chart ... litecoin with btc pair Litecoin might hit the $1000 price level by the end of 2025 Litecoin implemented a different algorithm that requires a lower hash rate for miners named Scrypt. As a result, Litecoin miners need less energy and effort to process transaction blocks, increasing the block times to about 2.5 minutes. For that reason, Litecoin is often called silver, where Bitcoin is gold. What is the difference between a trader and a crypto holder? Day trading is a short-term and high-risk strategy where crypto investors buy and sell cryptocurrencies on the same day to profit from rapid price swings. Hodling is crypto slang for buying and holding cryptocurrency to profit from its long-term value appreciation. goodluck
Long
by mehdi_kb
2
LTC/BTC - Litecoin: Super Trend◳◱ On the $LTC/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.002132 | 0.00227 | 0.002497 and support near 0.001905 | 0.001816 | 0.001589. Entering trades at 0.002031 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Litecoin ▣ Rank: 18 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Payments - Currencies ▣ Overview: Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.002031 ₿ ▣ 24HVol: 110.878 ₿ ▣ 24H Chng: 2.421% ▣ 7-Days Chng: 3.66% ▣ 1-Month Chng: 8.87% ▣ 3-Months Chng: -13.40% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.002132 | 0.00227 | 0.002497 ◢ Support: 0.001905 | 0.001816 | 0.001589 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.44 ▣ Last 90D: -0.90 ▣ Last 1-Y: 0.44 ▣ Last 3-Y: 0.58 ◲◰ Volatility : ▣ Last 30D: 0.36 ▣ Last 90D: 0.49 ▣ Last 1-Y: 0.74 ▣ Last 3-Y: 0.97 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.57 - Bullish ▣ In-depth LTCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Litecoin LTC long medium-term trade #21Taking into account the fact that in the medium term we are more inclined to believe that the crypto market will grow, we continue to publish medium-term trades. In order to continue the growth of the crypto market, we would not like to see a correction of the BTCUSDT price below $26950-27000 in the coming days: In previous years, the LTC price was one of the first to start an upward trend and correction. This year, the "scheme" failed, the LTCUSDT price was one of the first to start correcting in July, but it still can't start growing, although the BTC price has been growing slowly for 2 months... We will try "to push" the Litecoin price up a bit :) by entering a medium-term trade on the following conditions: Entry: in the range of $60.21-62.51 (the desired average price is $61.36) Stop: $55.99 (-8.75%) Take profit: $83.80 (+36.57%) P/L ratio: 4.2/1 We allocate $10,000 for LTCUSD trade, In the event of a mistake, we will lose $875 If the trade will be a success, we will receive a profit of $3650
Long
by P_S_trade
28
IGNORE THE FUDThere has been increasing Litecoin FUD lately, Ive noticed. I dont listen to it because Litecoin fundamentals have never been stronger, and compared to all the other garbage no one uses Litecoin is actually looking quite sexy to the investor who has eyes to see beyond the BS. Also for the LTC bulls go take a look at the top richest wallets. You will be able to see that the smart investors are the ones loading up as much as they can recently. It wont be long, usually there is a lot of FUD before a major move, and there are so many who are salty because they invested at the top and lost their shirts so now they hate LTC because of it. Ignore all that and know that this coin will be #2 again very soon. Charlie didnt sell his stash because he needed the money. Ho got a whisper in his ear back then about the securities issues that are about to delete 99% of all the crap out there. When that happens guess what will still be around :) Good luck and this is not financial advice, just my opinion. Thank you.
KRAKEN:LTCUSDLong
by Bitgolder
5
Litecoin Aiming at the $72 ZoneLitecoin exhibits less dynamism and activity. This can be attributed to the decreased interest in “older” coins from buyers, who seem to prefer new and developed blockchains like the Zkevm, the Layer 2 Blockchains like Cyber, Sei and the likes. Nonetheless, LTC has come remarkably close to the resistance zone of $70.00-$72.87, opening up the possibility of breaking out of the sideways trend that has persisted for three months. Should buyers successfully navigate through the current resistance zone, LTC could initiate an upward trend, aiming for highs at the $76 and $79 levels. These points serve as the initial targets for buyers in the event of LTC's growth. A correction in the BTC chart might similarly impact the LTC price. At present, the relevant support zones are found within the ranges of $66.3-$67.6 and $63.2-$64.8. However, if Bitcoin falls by 5-10% in a short span, LTC could quickly plummet due to the apparent lack of buying strength in its chart (at least at the time of writing this review), easily breaking through all the existing support zones.
Long
by DEXWireNews
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out. When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH. Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall. September 2023 Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP. Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”. Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers. June 2023 EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT). For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans later this year to launch a clearinghouse to help settle trades. Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
KRAKEN:LTCUSDLong
by Bitgolder
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out. When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH. Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall. September 2023 Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP. Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”. Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers. June 2023 EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT). For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans later this year to launch a clearinghouse to help settle trades. Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
CRYPTOCAP:LTC.DLong
by Bitgolder
1
Litecoin Macro Analysis : BIG MovesHi Traders, Investors and Speculators of Charts📈📉 From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis. By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train. The bullish signs are: ✅ Consolidation under resistance zone / bullish ✅ Higher Lows - buyers are buying up dips What's still missing: ✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5) ✅ Weekly candle close ABOVE 70 Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:LTCUSDT
Long
by CryptoCheck-
22
LTC/USDT Break Alert!! Upward Momentum for Litecoin ???💎 LTC has indeed seized our interest, breaking through the Symmetrical Triangle pattern with substantial volume and a robust bullish green candle. LTC successfully breached the resistance zone, which has now transitioned into a support level at $68.30. 💎 However, LTC has not yet initiated a downward movement for a potential retesting phase. At this juncture, LTC is poised to extend its upward trajectory, given the successful breakout from the resistance. It's LTC Probability could reach the supply zone and the bearish OB region. 💎 However, if LTC fails to uphold the support at $68.30 and compromises this level, it may retreat to the demand zone for a significant bounce. Should LTC descend to the demand area and fail to exhibit any bullish rejection or bounce, it risks forfeiting the demand zone, signaling a false breakout. Under these circumstances, LTC would be under downward momentum, potentially heading towards a lower support zone, and might even extend its decline to a critical support area.
by MyCryptoParadise
LTCUSDT.Poday, the price of Litecoin stands at $64, backed by a 24-hour trading volume amounting to $234 million. With a market capitalization of $$4,735 billion. Over the past 24 hours, the LTC price has seen a 3.94% increase. The LTC price analysis for 22 October confirms that bulls are attempting to prevent a downward rally as LTC price met a surge in buying pressure and is exponentially surging toward $66. Over the last few hours, LTC price flashed high buying pressure in an effort to meet buyers’ demand. Analyzing the daily price chart, Litecoin price is currently experiencing buying activity as it made a buying pressure from the low of $60. BE CLEVER AND CHOOSE YOUR SIDE THEN TRADE THE ADVICE . If u want to have more our private idea text us. Long position 🔻 Buy LTC 📌Entry: 62.50 - 62 🚫 SL: 59.50 - 59 ( -4.80 %) 🚫 TP: 70.10 ( +12.20 %)
Long
by BanooCrypto