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Litecoin (Cryptocurrency)

Litecoin presents an interesting setup After finding its low at $40.32 in June 2022, Litecoin rose over 160% within the span of a half-year. However, since the February 2023 high at $105.69, Litecoin’s price trend has been erratic. Litecoin has been oscillating between the two converging bounds, forming an interesting setup that caught our attention. For now, we would like to stay out of the market and observe the situation. Ideally, we would like to wait for the price to approach one of the boundaries of the formation and then assess the opportunity. Illustration 1.01 Illustration 1.01 displays the daily chart of LTCUSD. Two converging lines can be seen forming a pattern that resembles a symmetrical triangle. Technical analysis gauge Daily time frame = Neutral 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:LTCUSD
by Tradersweekly
13
⛅️ for the Global Crypto Market, 🌧️ Outlook for XRP, LTCSunny weather ☀️ with scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential. ⚠️ XRP and Litecoin (ahead of its halving in less than a month’s time), however, face cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. Follow us for more crypto weather reports!
by ATTMO
Litecoin (LTCUSD) Short Term Support AreaLitecoin (LTCUSD) shows a bullish sequence from 6.14.2022 low favoring further upside. Short term, rally from 3.11.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 71.37. The crypto currency has extended higher again in wave 3. Up from wave 2, wave (i) ended at 78.43 and pullback in wave (ii) ended at 75.73. The crypto currency extends higher again in wave (iii) towards 88.79 and pullback in wave (iv) ended at 84.48. Final leg wave (v) ended at 93.80 which completed wave ((i)). Pullback in wave ((ii)) ended at 81.84 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 86.48 and rally in wave (b) ended at 90.25. Wave (c) lower ended at 81.84 which completed wave ((ii)). Litecoin then turns higher in wave ((iii)). Up from wave ((ii)), wave i ended at 103, pullback in wave ii ended at 89.38. Wave iii higher ended at 111.22 and dips in wave iv ended at 102.74. Wave v higher ended at 114.92 which completed wave (i). Pullback in wave (ii) is in progress as a zigzag Elliott Wave structure. Down from wave (i), wave a ended at 105.1 and wave b rally ended at 109.69. Expect wave c lower to complete at 93.7 – 99.8 which should end wave (ii) in higher degree. As long as pivot at 81.84 low stays intact, expect buyers to appear at blue box of 93.7 -99.82 for further upside.
BITSTAMP:LTCUSD
by Elliottwave-Forecast
1
XRP's Forecast Stormy While LTC Gains Momentum? 🌧️ 🌞🚀 According to ATTMO, Litecoin and XRP are facing rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates. However, ATTMO still forecasts sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon. Follow us for more crypto weather reports!
by ATTMO
LTC Gains Momentum 🌞🚀 XRP's Stormy Forecast 🌧️?The crypto summer shows no signs of abating any time soon ☀️, according to ATTMO. Sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon. Litecoin and XRP buck this positive trend with rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates. Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
Litecoin - $200 on the horizon: FRACTALHi 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. The fractal we're looking at in turquoise happened around the same resistance zone that we're currently facing. Three bullish signs are: ✅ Consolidation under resistance zone / bullish ✅ Higher Lows - buyers are buying up dips ✅ Bullish Technical Indicator CryptoCheck START v3.5 Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase. Incase you missed it ! Here's yesterdays analysis on SOLUSDT : _______________________ 📢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 CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT.P BYBIT:LTCUSDT BITFINEX:LTCUSDLONGS COINBASE:LTCUSD BINANCE:LTCUSD BINANCE:LTCUSDT KUCOIN:LTCUSDT KRAKEN:LTCUSDT
Long
by CryptoCheck-
53
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