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Litecoin (Cryptocurrency)

LTC/BTC ~ 4-years channelPlan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon Target > ~ 0,010 - 0,013 Time > ~ 5-8 months (april-july 2023) P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market. But look how perfectly the channel worked. I think that we will still test it, as a correction, before the moon. -------------------------------------------------------------- The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$) The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40). -------------------------------------------------------------- I don't think the bear will last long, it may take a few days or hours to resolve. Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan. Keep abreast of the market
by just5
11
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on. First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating. The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it. So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind: 1) Bitcoin, did not finish the final candles. 2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low. 3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty. What's next? 1) The red channel is over, that's understandable 2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece. 3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL. PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth. <--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) ---> Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end. So let's buy it for $40... or $140. Not long left waiting!
BITFINEX:LTCUSD
by just5
8
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
BITFINEX:LTCUSDShort
by RizeSenpai
LTC: Support BreakoutLitecoin (LTC) technical analysis: Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $75 (previous support), then $100.
Long
by altFINS
Recent Trends and Key Support LevelsOver the course of the last month, Litecoin (LTC) has persistently followed a declining trajectory within a short-term channel. This downward movement has notably coincided with a surge in selling pressure across the broader market. This alignment of factors has led to a significant breach of the channel's bottom, effectively breaking through a support level that was previously deemed sturdy at around $66. In addition to this breach, an examination of the chart reveals that even when considering the presence of an ascending channel, the lower boundary of this channel has been breached as well. This dual breach prompts us to carefully assess the current situation. In light of these developments, there are two primary courses of action that traders and investors should contemplate. Firstly, we may opt to patiently await a robust resurgence in Litecoin's price that brings it back within the confines of the channel. Alternatively, we could also consider the possibility of the ongoing downward trend persisting, potentially leading the price towards the support level situated around $41. It's important to note that this $41 support level carries significant importance, as it possesses substantial potential for a strong market reaction. In such a scenario, demand for Litecoin could surge, possibly reaching its highest point in this specific price range. In the short term, we anticipate Litecoin's price to exhibit a trading range, oscillating between the resistance formed by the previously broken channel's bottom and the support zone around $56. This range-bound movement signifies a period of uncertainty and consolidation in the market, as traders assess the evolving dynamics of Litecoin's price within the context of the broader market conditions and prevailing trends.
by MonoCoinSignal
7
PROFIT: Finding TRADES on RED WEEKSHi Traders, Investors and Speculators of Charts📈📉 The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at: CHEWY NYSE:CHWY Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade WALT DISNEY NYSE:DIS Spot accumulation, potential for +153% increase. Very low risk and high reward setup TESLA NASDAQ:TSLA Long from trendline support, anticipated +28%, medium risk high reward setup LITECOIN BINANCE:LTCUSDT Short to next support zone, +12% medium risk medium reward setup _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
NASDAQ:TSLA
by CryptoCheck-
18
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ 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