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Litecoin (Cryptocurrency)

LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ If LTC breaks this resistance successfully then we can expect a decent upward movementum. I'm planning to enter a LONG position after a successful breakout with a tight stoploss. Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits. Stoploss is must! Follow us for more updates. Cheers!
Long
by GreenCryptoTrades
6
Is Litecoin hinting at an upward move? Long trade #4Historically, in previous years, the price of Litecoin was one of the first to start a growth trend globally and at the same time one of the first to correct. If the previous sentence has aroused your interest, you can check out our previous ideas on the LTCUSDT ticker, where we described it in more detail and showed it on charts. So, let's try to assume that the painful correction of the LTCUSD price is already over, which means it's time to grow. Therefore, we suggest a long trade for LTC on the following conditions: Enter = 66.51 Stop = 63.97 (-3.9%) TP = 80.24 (+ 20.6%) P/L ratio = 5.4 Traditionally, we allocate $10,000 for this trade . In the event of a mistake, we will lose $390. If the trade works according to our scenario, we will receive a profit of $2060. What do you think of this trade, and what is your vision of the Litecoin market? Write about it in the comments!
Long
by P_S_trade
26
Driving Forces Behind Cryptocurrencies' VolatilityIn the ever-evolving realm of modern finance, the emergence of cryptocurrencies has catalyzed a seismic shift, captivating the imagination of investors and traders alike. Since the inception of Bitcoin in 2009, the cryptocurrency market has experienced an unprecedented surge, leading to a proliferation of digital assets, each with its own unique characteristics and potential applications. However, amid the exhilarating highs and gut-wrenching lows, the cryptocurrency market's intrinsic volatility has left many pondering the enigmatic forces that propel its wild fluctuations. This article embarks on a comprehensive exploration of the fundamental drivers that propel the volatile universe of cryptocurrencies, providing an in-depth analysis of the intricate interplay between a myriad of elements that influence prices and sentiment. From the far-reaching impact of macroeconomic factors and regulatory dynamics to the revolutionary power of technological advancements and the sway of market sentiment, a complex tapestry of influences collectively shapes the turbulent journey of digital currencies. As the global financial ecosystem grapples with the ongoing evolution of this nascent asset class, acquiring an intimate understanding of these pivotal factors becomes a cornerstone for investors, traders, and enthusiasts navigating this dynamic landscape. Diving into the Cryptocurrency Mosaic Cryptocurrencies have transcended their origin with Bitcoin to establish a vibrant and diverse ecosystem of digital assets. Each cryptocurrency possesses a distinct set of attributes, use cases, and underlying technologies, intricately weaving into the intricate fabric of the market. Broadly categorized, cryptocurrencies fall into two primary groups: coins and tokens. Coins like Bitcoin, Litecoin, and Bitcoin Cash are engineered to facilitate transactions and serve as alternatives to conventional currencies. In contrast, crypto tokens are constructed atop existing blockchain platforms, such as Ethereum, fulfilling functions like governance and ecosystem transactions. Furthermore, the consensus mechanisms employed by cryptocurrencies contribute to their diversity. The proof-of-work (PoW) mechanism, utilized by Bitcoin and others, relies on mining for transaction validation. Conversely, the proof-of-stake (PoS) mechanism, exemplified by Ethereum and Cosmos, leverages validators to confirm transactions, enhancing energy efficiency and scalability. Decrypting Cryptocurrency Volatility Volatility is an intrinsic characteristic of cryptocurrencies, fueled by a confluence of influential factors: Limited Liquidity: With trading volumes and market capitalization often lower than traditional assets, even modest buy or sell orders can generate substantial price fluctuations. Speculative Nature: Cryptocurrencies are frequently viewed as speculative instruments, leading to price movements driven by market sentiment, hype, and speculative behavior, rather than fundamental analysis. Regulatory Ambiguity: As a relatively nascent and lightly regulated market, regulatory developments can trigger abrupt price shifts as investors respond to changes or uncertainties in the legal landscape. Sentiment Swings: Market sentiment, shaped by events like security breaches or regulatory announcements, can exert considerable influence on cryptocurrency prices. Manipulation Vulnerability: Due to limited oversight and liquidity in certain markets, cryptocurrencies are susceptible to manipulation by sizable holders, leading to price distortions. Technological Factors: Technical vulnerabilities or glitches can prompt swift price fluctuations as investors react to perceived risks associated with the underlying technology. Adoption and Utilization: The practical adoption and use cases of cryptocurrencies significantly influence their value. Currencies with tangible utility and real-world applications tend to garner heightened interest and market support. Supply and Demand: The fundamental economics of supply and demand guide cryptocurrency prices. Scarce supply coupled with growing demand can propel prices upward. Macroeconomic Influences: Broader macroeconomic factors, encompassing inflation, interest rates, and geopolitical events, can channel investor attention toward cryptocurrencies as alternative investment vehicles or stores of value. Influential Figures' Statements: Public endorsements or criticisms from influential figures exert considerable impact on cryptocurrency prices, shaping market perceptions and behavior. Conclusion As cryptocurrencies reshape the financial landscape, delving into the driving forces behind their volatility is essential for navigating this dynamic market. From the inception of Bitcoin to the kaleidoscope of digital assets that now flourish, the cryptocurrency market is characterized by its rollercoaster-like price oscillations. This article has undertaken a comprehensive exploration of the key factors influencing this volatile realm. Regulatory shifts, market sentiment, technological advancements, hacking incidents, and supply-demand dynamics all converge to define cryptocurrency movements. Understanding these multifaceted influences empowers investors, traders, and enthusiasts to navigate the unpredictability of the crypto landscape with poise and informed decision-making. While cryptocurrencies promise transformation, their journey is marked by rapid evolution and maturation. As the landscape continues to evolve, maintaining vigilance and adaptability remains pivotal. Regardless of your vantage point, comprehending these factors empowers you to seize opportunities and surmount challenges in the captivating realm of digital assets.
Education
by FOREXN1
3
#LTC when to Short?LTC dumped pretty much after Halving. Currently its in the range. We may expect some bounce from current price level. But will it reach the resistance levels (red lines) that I mentioned on the chart - big question. Anyways here are possible scenarios: 1. LTC bounces until 73$ where it faces W FVG where we may expect bear reaction. In this case possibility to 46$ support level increases 2. LTC breaks through 73$ resistance and comes to another resistance at 82 - 86$ and eather we see bears reaction is can be bearish divergence on LTF or bearish candles. And in this case coin may go lower back to 73$ which will stand as support. 3. LTC breaks below 73$ support and it may lead the coin back to 50 - 60$ 4. LTC breaks above 86$ resistance, would be nice to see retest of that level and in this case the coin may go higher.
by vazitrades
4
TRADE ALERT - LONG LITECOIN (LTC)Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106. A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now from a technical standpoint, little Litecoin looks to be oversold. You can see on the RSI chart below that every time we hit that ascending red TL, we popped for a gain of at least 50%. Every. Time. Thus, probability here remains largely in our favor just from this one indicator. Now follow that black vertical line up the chart. You will notice that it intersects with our candle today which lies directly on strong support (red TL) from December of last year. Could we break below these major trendlines I have drawn on all my charts and get stopped out? Well yeah. Of course! But I like my chances here. This is not financial advice. Just showing you all what I am doing here. Best, Stew
COINBASE:LTCUSDLong
by stewdamus
2
BTC buying opportunity aheadIf US dips into publicly acknowledged recession in Q3, we might see crypto correction, as a benchmark - BTC to 12000 in autumn. I see this as an ultimate buying opportunity. Pros: recession is likely to happen crypto needs much more accumulation for a good bullrun than it has now I can't see a real bullrun without Fed pivot, only BTC/LTC/ETH speculations on banking collapse fear, it is not a proper fuel to 100k BTC. Cons: fiats hyperinflation might trigger earlier hype in crypto, then no such deep correction will occur Fed might make early changes to monetary policy to assure banking system safety, this will hurt crypto accumulation and cancel the dip
BITFINEX:BTCUSDShort
by Sen_Shi
1
🔥 Litecoin Huge 5-Year Head & Shoulders: Prepare For Dump 🚨Recently I've made some analyses on LTC and its halving. In every analysis I compared LTC's post-halving price action in history and came to the conclusion that the LTC halving is a sell the news event, see below. For the foreseeable future I'm quite bearish on LTC, but even more bearish on the LTC/BTC pair - it will lose value against BTC. I'm waiting for LTC to break below the neck-line of the H&S pattern. Target at the 2018 lows, stop around 50$. Be patient for the break out.
Short
by FieryTrading
37
LITECOIN's Post-Sell-Off Potential:Navigating the Crypto Storm..Capitalizing on Crypto Chaos: Litecoin's Post-Sell-Off Potential The cryptocurrency world experienced a sudden seismic shift yesterday as Bitcoin's abrupt plunge sent shockwaves rippling through the entire sector. This downward spiral was set into motion by a Wall Street Journal report that SpaceX, a significant proponent of the digital currency, had marked down its Bitcoin holdings for 2021 and 2022 by a staggering $373 million through cryptocurrency sales. The markets responded with a frenzied overreaction, prompting a wave of sell-offs across the retail sector. However, a closer examination reveals that SpaceX's actions had been taking place quietly over the course of the past two years, rather than being a sudden decision made yesterday. The sharp and swift selling frenzy can be attributed to a temporary loss of confidence stemming from the perception that one of Bitcoin's staunchest backers was now heading for the exit. While it may seem logical for Bitcoin's value to continue sliding, as other blockchain projects have long been offering features that Bitcoin either couldn't fulfill or chose not to, the chain reaction of this sell-off has created an unexpected silver lining: excellent buying opportunities. In the midst of this cryptocurrency chaos, Litecoin emerges as a beacon of promise and a potentially lucrative long position. The highly anticipated halving event, which has historically led to substantial rallies, defied expectations by triggering a 10%+ sell-off. Yet, this unexpected response can also be seen as a sign of the maturation of the crypto sector. A deeper look into Litecoin's long-term fundamentals reveals its potential as a game-changer in the world of cryptocurrency. It encompasses all the necessary elements required to disrupt traditional fiat transactions. Moreover, Litecoin has managed to carve out a significant adoption rate within a plethora of high-growth, high-value industries including gaming, sports betting, digital peer-to-peer payment processing firms, and globally recognized brands. The aftermath of the post-halving sell-off is where the real opportunity arises, amplified by the aftershocks of Bitcoin's tumultuous trajectory. While short-term volatility is expected as bulls and bears lock horns over the next move, those who dare to venture into Litecoin's waters during these times could be rewarded handsomely. History provides a compelling precedent: the LTC/USD pair has a history of rebounding with vigor following extreme sell-offs. Over the last six weeks, the LTC/USD price plummeted from its previous heights of $114+ to below $56. However, this downward trajectory seems to mask a more bullish outlook than what the market has seen in recent years. Despite the one-day slump triggered by Bitcoin's turmoil, the forecast for LTC/USD remains cautiously optimistic, with the potential for a turnaround that could defy current pessimism. As the crypto market grapples with uncertainty and Bitcoin's reverberations continue to be felt, Litecoin appears poised to prove its resilience and potential as a rewarding long-term investment. In these tumultuous times, where opportunities emerge from chaos, Litecoin's path might just be the one leading to significant gains for those willing to navigate through the storm.
by FOREXN1
18
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market. LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day. This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00. As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold. the index is tracking at 18.21, its weakest point since November 2018. The price has since moved away from earlier lows and is currently trading at 64.80. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
LTCUSDT support and resistances for high time frame tradesThe price hit the monthly support MS1 and bounced from there. It is currently trading above the monthly support MS1 and currently consolidating in price range around 64. This is kind of no trade zone for high time frame. All the high time frame resistances and supports are marked on the chart. A long is favorable if the price taps into the monthly support MS1 again. On the resistance side, first it will face 4h resistance 4HR1 around 73.5-75.5. That will be a level to short but not the best one. Next resistance level is daily resistance DR1 around 81.5-84 which is a better level to go short. Above that there is a weekly resistance level WR1 sitting around 91-94 offering the best shorting or offloading any long. For short term trade opportunities, we should look at lower time frame charts. If requested, I will look at low timeframe trade setups and share in a separate post.
by angela_altair
4
LITECOIN/LTCNot shared but been watching this and make some private ideas, Today im sharing it for 57$ per coin upto 130$. not a financial advice, numbers are for reference only. IF you think its bear market?, we already in bearmarket since january, accumulate while the dollar is expensive at any part of the world.. Trade at your own risk. Follow for more daily updates. free ideas and if you like it, give a boost to beat the algo on TV. Thank you for 400+ followers. Im just happy for gaining it, because I only need 400 followers by the end of the year. Thank you fellow traders. Comment down below what is your coins .I will make an analysis for you.
BITSTAMP:LTCUSDLong
by D1GITALTRADES
2
A Deep Dive into LTCUSDT Price Floor💎In our recent analysis of #LTCUSDT, we noticed a daily break surpassing the resistance, signaling the first bullish nod. However, post-breakout, a steady decline in price emerged, prompting us to question the validity of the uptrend. Let's delve deeper into this correction to gauge #Litecoin's potential upside. 💎Initially, the price rebounded impressively from the 23.6% Fibonacci resistance at $104.47, when marking the first pullback of the downturn. Since then, a descending wedge pattern has been forming on the daily chart. The real intrigue unfolded recently when the price touched the 241.4% Fibonacci retracement level and bounced back sharply. Concurrently, #LTCUSDT tested the wedge's lower boundary, and the MACD oscillator showcased a bullish divergence. 💎These signs strongly hint that #LTC might have located its bottom and is gearing up for a potential long-term bullish journey. Yet, for our astute Paradisers, diving in now might be premature as the price is still encapsulated within the wedge. A definitive bullish confirmation would be a breach above the downtrend trendline, likely igniting significant buying activity. 💎Currently, the ParadiseTeam is meticulously observing the demand zone between the psychological threshold of $70 and the $72.5 Fibonacci support. If this zone remains resilient, the bulls might gear up for some exhilarating moves, and rest assured, we'll be right there with you. Stay alert, Ladies and Gentlemen of ParadiseClub!
Long
by MyCryptoParadise
LTC flash recovery pump 📌 incoming CRYPTOCAP:LTC :: SHORT ⏰ PERIOD ANALYSIS 📌 Previous I provided sell short ↘️ unfortunately we missed buy zone difference of $0.86 of 1st buy zone 📌 🙄 now reached target 🎯 1 📌 near to target 2 📍 I want to catch return pump 📌 so this trade set-up 📐 involved High risk so called as #scalping #futuretrade :: 2-4x ( 1-5% liquid 💰 ) #dyor BUY LONG ↗️ #BUY :: $75.8 - $80.2 - $83.56 ( 50%-30%-20% ) #sell :: $94 - $114.9 - $134.28 ( #imo $110 ) #SL :: $73.36 ( complete day close below 📍 ) ✨
Long
by raj5_7_5
3
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product of two potential outcomes. 1. BTC declines while LTC remains flat. 2. LTC gains while BTC price remains flat.
Long
by BallsOfSteel32
LTC/USDT Big Movement Incoming ?? Litecoin Today Analysis💎Hello Paradisers, here's a token to keep on your radar! 💎LTC might be gearing up for a retest around the $81 mark before potentially diving further and breaking its demand zone. This area isn't just a demand spot for LTC but also a bullish channel's support. 💎However, the key is to observe the daily candle close. If LTC concludes its daily trade beneath the bullish channel's support, it might swiftly descend, shattering the demand and heading toward the Bullish OB. 💎It's essential to note Bitcoin's influence on altcoins. Currently, BTC seems poised to dip towards the FWB:27K -$28k bracket, coupled with a rise in BTC dominance. 💎This isn't a great moment for altcoins. When BTC drops and its dominance surges, altcoins typically face a downturn. 💎My advice? Exercise patience and await clear signals. However, if LTC manages to hold its ground within the demand and bullish channel support, consider a buy-only post-LTC's breach of the Lower high at $85.5 and a subsequent close above it.
by MyCryptoParadise_Nathan
A big breakdown looming?Litecoin is again catching our attention as it is approaching the lower bound of the pattern we introduced in late June 2023. If the price breaks below the lower bound, it will be bearish for LTCUSD in the short term, and we could see a further breakdown in the price. In such a scenario, we would not be surprised to see it drop below $70. As a result, we are on high alert. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:LTCUSDShort
by Tradersweekly
18