LTCUSD ❕ descending wedgeThe chart has reached the lower boundary of the pattern again.
Trading volumes decreased on the formation of the wedge.
I expect a rebound after holding the support.
Litecoin (Cryptocurrency)
Litecoin Targeting Weekly ResistanceTend Bullish
Litecoin price has a weak spot that could implode with LTC diving 15%
The network has gained more than 300,000 new addresses in the first week of May.
The next Litecoin halving is scheduled for August 12 tentatively, and such events have been synonymous with price rises.
Litecoin price, despite having a major event coming up in about three months, is still mostly following the broader market cues. However, the altcoin’s investors have been growing bullish by the day, and the same is visible in their participation, which is currently far higher than the average.
In the first week of May, the Litecoin network noted the addition of nearly 300,000 new addresses that hold some amount of LTC. This is a nearly 300% jump from the average weekly rate, as throughout the last month, the network only added a total of 300,000 addresses, bringing the weekly average to 75,000.
The total addresses holding a balance now stand at 7.56 million, and the possibility of the same rising further is high. This is because the “silver to Bitcoin’s gold” is set to go through its third halving event, wherein the reward for validating a block will be slashed by 50% from 12.5 LTC to 6.25 LTC.
These events have been synonymous with price rises, as observed in the past in August 2015 and August 2019. Thus by the looks of it, crypto investors are preparing to bank on this potential and make profits by joining the network.
This could prove to be bullish for the price action as well, as investors could likely accumulate further, given Litecoin price is low right now. As it is, the Relative Strength Index (RSI) is nearing the oversold zone, below 30.0. A move into the zone followed by an exit would confirm a reversal in trend, triggering a recovery rally.
If this situation plays out over the next couple of days, Litecoin price might be in for a rally.
LTCUSDsimple bull flag setup
pre halving by 10days or so so catalyst/narrative trade..
might be to crowded a trade.. or might do something wierd towards the end of the monthly candle before the aug2 halving
hasnt even broken out yet but weekly candle looks like it wants up this or next week...
only suggestion it might break out is the small reversal styled 1hrly candle and that it had a couple of impulses up from the 90~low
so not a super safe bet by any stretch but the setup is there..
LTC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LTC Halving in under 2 weeks! An overview of previous occurences
The next halving of Litecoin is set to occur on August 2, 2023, where the block reward for mining LTC will be reduced by 50% from 12.5 LTC to 6.25 LTC.
This means that LTC miners will receive half the number of LTC for their mining efforts, effectively controlling the inflation rate of LTC and manage its supply over time. Like #Bitcoin, #Litecoin operates on a deflationary monetary policy.
Most traders view this as a bullish event, but as the chart shows, the halving event is a known event , and has likely already been priced into LTC's current price.
During past halving events, we can see that price started rallying a couple months in advance of the halving. For example, the first LTC halving occurred on August 25, 2015 , however the price actually peaked and had a blow-off top in June 2015. From the previous cycle low, it rallied close to 274% before declining 42% post-halving.
The next halving occurred on August 5, 2019. Once again we see that price actually peaked a couple months prior, in June of 2019. From the cycle low of that year, LTC rallied 440% to a high of $150 before again experiencing a blow-off top and declining 75% back to $35-40.
Although there is not a lot of historical data to go on, we are experiencing a similar situation now,. From low earlier this year of $50 , price rallied 125% to a peak of around $115 a couple of weeks. Last week LTC declined by -16%, and with two weeks to go before the next halving I do believe we have seen the top for now. Going by prior iterations, we could see even further price depreciation, perhaps back to the range lows of $75.
LTC looks weak off the VWAP off swings highs, short is probableLooking for downside intraday with leverage with a LTC short. LTC could not hold the upside push as the VWAP from highs has kept a lid on it.... a break under the horizontal vwap should trigger a flush down to roughly the 90.10 area.
LTC looking for some upside with ETH and BTCLTC trying to hold this pivotal volume area has potential to push up over 2% towards recent highs giving a beautiful 3.6R potential.
🔥 Litecoin Halving In Two Weeks: Bad News For Holders! 🚨In this analysis I want to take a look at the upcoming LTC halving event and the impact it has on Litecoin's price.
I chose to plot the LTC/BTC chart since it give a perfect view of the relative performance of Litcoin against the top crypto Bitcoin. A rising value means that LTC gains against BTC, and a declining line means that LTC loses value against BTC.
We can deduce a couple of interesting things from this chart.
- The LTC/BTC value always sees some kind of pump in the last 6 months to the halving. Furthermore, the LTC/BTC value tops well before the halving actually takes place.
- After the LTC halving, the LTC/BTC value has (thus far) never continued to increase in value after the halving. Actually, the halving was always the start of a very long bear trend.
Seeing the above, we can assume that the LTC halving will NOT have a positive impact on Litecoin's value against BTC. Sure, LTC can see an increase in value, but BTC will most likely outperform LTC.
Use this info to your advantage. Share your thoughts in the comments 🙏
Litecoin has turned negative.Litecoin - 24h expiry - We look to Sell at 97.78 (stop at 101.38)
Bespoke resistance is located at 98.
97.85 has been pivotal.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Our profit targets will be 88.78 and 86.78
Resistance: 93.00 / 95.00 / 98.00
Support: 89.12 / 88.00 / 86.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Litecoin: Bull Market TargetsWhen CRYPTOCAP:TOTAL and CRYPTOCAP:TOTAL2 enter their bull markets, large capital will look for save havens to increase their purchasing power.
While Bitcoin has proven time and time again to be an amazing hodl after the accumulation phase, it's R:R is reaching diminishing returns.
Major Altcoins that have proven the test of time, like Ethereum and Litecoin, will start to get more attention during these bull markets as a safe place to massively increase purchasing power.
Cross referencing Charlie Lee's Tweet, and the levels he's suggested vs Bitcoin, paint a very logical target for pattern and range traders anyway.
So, post halving - and into any liquidity events (COVID19, FTX Collapse etc as examples) - I will be looking to bag up Litecoin.
Correction to Last Vid ...June 4th NOT June 23rdTraders,
I made a critical data error in my last video in stating that the level we were looking to beat to become more optimistic was June 23rd. That is NOT correct. The date we are looking to beat is June 4th, the day before the SEC lawsuit again Coinbase and Binance was announced. So, you want to draw a horizontal line from that body high on that date as demonstrated in this correction video here. My apologies traders.
Stew
Litecoin (LTC) formed a bullish Gartley for upto 34% moveHi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC) with US Dollar pair.
Previously I shared a long-term trade signal for LTC, which is still in play as below:
Now on a daily time frame, LTC is about to complete another bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
LTC halving pump period has begun, based on previous halvingBased on previous halvings LTC should be in a very bullish period for the next 2 months. Of course if SPY and the big boys start to tank this would be voided so need to keep an eye on SPY/SPX
✏️ $BTC : Big PUMP or DUMP ? (READ THE CAPTION)By analyzing Bitcoin in the daily time frame, we see that the price has been trading in a netural zone in $30,000 for the past 3 weeks! This area was one of the important supply zones that we expected to react to and this happened several times, now the price will probably start its next movement between 1 and 7 days and this movement will probably be powerful! The first scenario is maintaining the support of $30,000 and moving and stabilizing above $32,000. If this happens, I believe that the price will grow to $37,600 to fill the liquidity viod (LV) that was created a year ago! Otherwise, the next scenario will happen when the price loses the $30,000 support, and in this case, the price will probably fall to $26,700 as the first target! Consider these scenarios! This analysis will be updated!
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Litecoin LTC/USDT Can anyone tell if I have this right? I not pro in this but I think how this will work out.
#LTC Intraday (15 MIN) Trade Analysis#LTC Intraday (15 MIN) Trade Analysis.. I am IN with future options for this trade..
LTCUSD Long Litecoin Strong Bullish signal. Risk Reward 1/2 ... I think big consolidation was ended , now it's time to buy more and more LTC...
LTCUSD - Breakout SupportSupport is found with the breakout above the structure.
Support is shown with the green line and circle outlines the support found above the trend line.
Litecoin to break the trend of higher lows?Litecoin - 24h expiry - We look to Sell a break of 90.68 (stop at 93.88)
Trend line support is located at 93.00.
Prices expected to stall near trend line support.
A break of the recent low at 90.85 should result in a further move lower.
The medium term bias is neutral.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 82.68 and 80.38
Resistance: 94.07 / 95.50 / 98.00
Support: 93.00 / 91.50 / 89.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
LTCUSDT to hit weekly support and bounceThe price hit the monthly and weekly resistance confluence MR1+WR1 and got rejected from there. Currently the price is facing pullback due to that rejection. Next signifiant support is the weekly support where the price is likely to be headed. I expect the price to touch this weekly support zone for a good bounce. By the way, prospect of this one is looking good as it has pushed itself up strongly and moved beyond the downward trend line. The next strong support level is weekly support WS2.
Wait for #LTC to reach $130 first, and then short it to 34 $You are reading absolutely right. According to my analysis, this is a complete cycle. First, wait for LTC to reach $120-$130, and then there is a possibility for it to go down to $40-$34.
I have already conducted an analysis of LTC before, which you can check on my profile
