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Litecoin (Cryptocurrency)

LTC: Symmetrical Triangle BreakoutLitecoin (LTC) technical analysis: Trade setup : Price is trading in a Symmetrical Triangle. Trend traders need to wait for a breakout. A bullish breakout could lead the price to revisit $105 resistance Pattern : Symmetrical Triangle , which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal). Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke then $105.
Long
by altFINS
LTC wants to follow in BCH footstepsLTC seems to be catching up to a major trend line forming off the previous cycle top. I anticipated this being a major area of resistance for the original alternative coin. Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels. RSI is in the mid 70s, which is a common turning point in the price action. Big spike in trading volume, with slight gradual gain in trading volume over the last few weeks. If LTC wants to move like BCH did, my targets for the coin are as follows: 129.50 146.30 Keep an eye on LTC, it moved 30% in a single daily candle and may have more steam. NFA Do your own DD Novice trader here!
COINBASE:LTCUSDLong
by BallsOfSteel32
1
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
COINBASE:BCHUSDShort
by RizeSenpai
Whats a FakeOut in Technical Analysis.A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite direction. For example, let's consider a stock that has been trading within a tight range between $50 and $60 for several weeks. Traders closely watch this range, waiting for a breakout or breakdown. Suddenly, the stock price surges above $60, triggering a breakout signal. Many traders interpret this as a bullish sign and start buying the stock, expecting further upward movement. However, instead of continuing the upward trend, the stock quickly reverses, dropping back below $60 and potentially even below the previous range. This sudden reversal traps the bullish traders, leading to losses and frustration. Fake outs can occur due to market manipulation, false signals from technical indicators, or unexpected news events. They can cause confusion and result in traders making incorrect trading decisions based on the false breakout. Therefore, it is essential for traders to exercise caution, verify breakout signals with additional confirmation, and use risk management strategies to minimize potential losses caused by fake outs. Can You See The FakeOut On This 4 Hr Chart
BITFINEX:LTCUSDLong
by sixteenFeb18
LTCUSD. Target 105USDI see opportunity to buy here. LTC haling is coming. My strategy about crypto currencies: Always buy never sell. What is a Litecoin block halving event? Block halving event happens every 4 years on Litecoin blockchain. Litecoin's initial block reward was 50 LTC. The block reward splits every 4 years. This lowers the rate at which Litecoins are generated. The halving is periodical and is programmed into Litecoin's code. Current Litecoin block reward is 12.5 LTC, after the halving, the block reward will be 6.25 LTC. Halving will end approximately by the year 2142.
BINANCE:LTCUSDLong
by gezengelsaft
1
Litecoin Storm Warning 🌩️ : Imminent Correction Ahead The weather is tropical 🌴 – translating into imminent correction likely ahead – for Litecoin today. On the other hand, the global crypto summer ☀️ continues with sunny weather in the coming hours and week ahead for the global crypto market as yet another major asset manager filed a spot Bitcoin ETF and on today’s options expiry. This signals a slightly bullish market with upside potential. 📈 Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
Litecoin prepare for bullish breakout 🔥 🚀LTC Today Analysis💎LTC is gearing up for a potential bullish surge. It's been trading within an ascending channel for the past month, and within this channel, a falling wedge has been observed, hinting at a significant bullish move. 💎We're anticipating a breakout in the upward direction. If this breakout occurs, it could present a fantastic trading opportunity. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
LTCUSD | Will halving get us through the resistance?Good morning, One month to go until Litecoin Halving. Since the beginning of the year, we have been constantly moving between the daily EMA 200 (white) and the EMA 800 (purple). At the time of this idea, we are back below the EMA 200 and all of our EMAs have flattened out. With such news events, existing resistances and old liquidity zones can usually be worked off well. I am therefore preparing for two scenarios. Scenario 1 (blue) We come in July again significantly above the EMA200 and our short EMAS, 5+13 pull along. In this I would use 50% of the capital that I want to use for this idea. The other 50% when breaking above the EMA800. Scenario 2 (orange) We get a stop hunt of our range. Everything from $71.60 would be a top price and would lead to 50% accumulation. The other 50% would come into play should we get back into the range after such a stop hunt. Price Targets : Around $110 and between $140 and $150.
COINBASE:LTCUSDLong
by Hawkeye-Charting
3
Litecoin to breakdown?Litecoin - 24h expiry - We look to Sell a break of 83.88 (stop at 86.28) Short term momentum is bearish. The trend of higher intraday lows has also been broken. A break of the recent low at 84.18 should result in a further move lower. We look for losses to be extended today. Expect trading to remain mixed and volatile. Our profit targets will be 77.88 and 76.88 Resistance: 87.00 / 88.50 / 90.00 Support: 84.18 / 83.00 / 80.00 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.
VANTAGE:LTCUSDShort
by VantageMarkets
Litecoin Ready for $600 as per "W" Pattern ?Litecoin Technical Analysis #Litecoin is currently trading at $85. As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move. The maximum upward movement could be $130, while the downside move could reach $50. A price of $50 would be a great buying opportunity for the long run or the next bull market. The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see CRYPTOCAP:LTC reach a high of $500-$600 in the next bull run. Support Levels:- $50 Resistance Levels:- $100/$130/$214/$275
BITSTAMP:LTCUSDLong
by CryptoPatel
1
LTC: Symmetrical TriangleLitecoin (LTC) technical analysis: Trade setup : Price is trading in a Symmetrical Triangle. Swing traders can trade between the trendlines while Trend traders need to wait for a breakout. Near-term, price is likely to revisit $80 support. Pattern : Symmetrical Triangle, which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal). Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105
Long
by altFINS
1
LTC play ideas If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed. Looking for a potential short here, so looking for Ideal entries, here and always... PA is already moving away but includes areas of interest for a possible turn as well.
COINBASE:LTCUSDShort
by CryptoKnee