Litecoin longLitecoin bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 93 is expected to happen.
Litecoin (Cryptocurrency)
LTCUSDT at weekly resistance and likely to head downThe price has hit the weekly resistance WR1. The price has momentum and strength. However, I still expect the price to retrace here towards daily resistance. This may provide it the additional strength to move beyond that weekly resistance WR1.
BTC Faces Bearish Conditions 🐻⚡️ Will LTC Defy the Trend? 🌩️🚀The global crypto market faces cloudy weather with some sun ⛅️ in the next 24 hours, as the failure to reach an agreement on the US debt ceiling weighs on the market sentiment. This translates into a slightly bearish market 🐻 with downside risk for several currencies, Bitcoin included.
The weather is however stormy ⛈️ – signaling an imminent rebound – for Litecoin today. Litecoin has been subject to profit-taking 💰 after interest for this crypto asset soared following its release of its own LTC-20 standard earlier in May.
Over a one-week horizon, cloudy weather with some sun ☀️ is predicted for Bitcoin and Binance Coin. This forecast can be translated into a slightly bearish market 🐻 with downside risk. The outlook is brighter for Ethereum and Ripple where a slightly bullish market 🐮 with upside potential is likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
LTC Storms Towards a Rebound ⚡️🌩️ Will BTC and BNB Follow Suit?The global crypto market faces cloudy weather with some sun in the next 24 hours ⛅️, as the failure to reach an agreement on the US debt ceiling weighs on the market sentiment. This translates into a slightly bearish market 🐻 with downside risk.
The weather is however stormy ⛈️ – signaling an imminent rebound – for Litecoin today. Litecoin has been subject to profit-taking 💰 after interest for this crypto asset soared following its release of its own LTC-20 standard earlier in May.
Over a one-week horizon, cloudy weather with some sun ☀️ is predicted for Bitcoin and Binance Coin. This forecast can be translated into a slightly bearish market 🐻 with downside risk. The outlook is brighter for Ethereum and Ripple where a slightly bullish market 🐮 with upside potential is likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Shitcoin Litecoin to crash another 60% next up is $35Shitcoin Litecoin to crash another 60% next up is $35
Nobody uses litecoin, $105 is a resistance where it got rejected hard.
Not too late to open leveraged shorts. First $50, than $35, than $20.
LTC smaller tfLite coin could possibly make another impulse out of this current cloud
Prevailingnine 5.23.23
Litecoin to breakdown?Litecoin - 24h expiry - We look to Sell a break of 88.78 (stop at 91.78)
Daily signals are bearish.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 88.90 should result in a further move lower.
Expect trading to remain mixed and volatile.
Although buying has been posted overnight, the rally has been limited.
Our profit targets will be 81.28 and 80.28
Resistance: 93.00 / 94.15 / 95.00
Support: 90.20 / 88.90 / 87.50
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LTC/USDThe CRYPTOCAP:LTC halving is approximately around August 2nd this year, you can see how the previous 2 halvings how the market has reacted towards the #Litecoin halvings, what is your opinion on how the market will react this year?
LTCUSD ❕ lower boundary of the rangeTrading volumes declined on the price correction.
50EMA broke up 200EMA on the 4H Timeframe.
The RSI chart is moving near neutral values (4H, 1H and 30m TFs)
I believe that the asset may continue to rise after the retest of the lower range boundary and fixation above it.
Litecoin #Intraday shortThe countertrend-risk deal.
The logic of the deal.
Sell from a strong area of $94, in this zone under the level passed large volumes, closed with a small pin bar. Sell from the current price or at the beginning of the movement and breakdown of 92.
I expect a correction after the growth, with targets 90, 88, 86.
Stop behind high or second stop above 96.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
NKNUSD - Reminds Me Of Early LTCUSDStrong horizontal movement on NKN gives me the impression that a big move is building up.
This pump will be big, just as LTCUSD pump was big in roughly 2017 when it went to $300
Bars pattern is copied from the LTCUSD chart.
LTCUSD shortPrice action suggest we are running out of bullish momentum, looking to take this down to 86. Market entry
🔥 Litecoin Bull-Flag Break OutLTC has been on a massive move over the last couple of weeks, arguably in anticipation of the LTC halving.
After a week of sideways movement, LTC has finally broken out of the bull-flag pattern and is resuming upwards.
First target at the most recent local top, second target at 100.
LTCUSD - Horizontals Horizontal supports and resistance
Perhaps the upper horizontal is now a support line for price
Thought it was interesting how it all came together within these two tight horizontals
LTC's future road will be smootherA necklace of indicators shows that LTC, the 12th largest cryptocurrency by market valuation, is trading at a discount.
Specifically, LTC has a negative fair value market value (MVRV) Z-score as of press time. According to analyst firm Glassnode, a score below zero indicates that the cryptocurrency is undervalued relative to its fair value.
Capitalization is calculated by multiplying the total number of tokens in circulation by the prevailing market rate of LTC. Fair value is a change in market value that increases the market value of a coin when it was last moved on the blockchain. This value excludes all tokens lost in circulation (over 15%) and is considered to reflect the net or fair value of the network.
The Z-score represents the difference between the market value and the fair value. Historically, a Z-score above 8 indicates overvaluation and bullish tops, while a negative value indicates undervaluation and market bottoms.
This is not the first time. In the past, the indicator has repeatedly consolidated below zero, eventually paving the way for a massive rally.
If the trend is flat, the path of least resistance seems to be on the higher side. That said, LTC and the cryptocurrency market in general remain vulnerable to adverse macroeconomic developments such as tightening liquidity and the state of the global economy.
At press time, LTC was trading at $91.19, up nearly 31% year-over-year. Earlier this week, the price touched a one-month high of $95.
LiteCoin is planning a third mining reward halving in early August, after which the per-block reward paid to miners will be reduced by 50 percent from 12.5 coins to 6.25.
Ltc targeting .003We have a break above resistance.
Looking for a retest, with a continuation to the next resistance above around .00300000
Not financial Advice
🔥 Litecoin Halving Soon: Pump & Dump?The Litecoin halving is around the corner. In a couple of months we will see the rewards per block halved, substantially decreasing the supply of Litecoin. If you're familiar with BTC halvings, LTC works the same.
Historically, LTC has seen an increase in demand to front-run the halving event. The last time this happened, it was a buy the rumor - sell the news event.
I'm anticipating the same thing this time as well. My expectation is that LTC will see some kind of pump over the next couple of weeks towards the blue target area. This will most likely also be the 2023 top.
Do you think LTC will still pump? Share your thoughts🙏
Two Possible Scenarios for LTCHi everyone! While the market is not stable and is in uncertainty, it is not advisable to trade. But let's consider one idea for LTC. The asset is moving within a large triangle, the price is responding well to its trend lines, as well as Fibonacci levels.
What can we expect?
The first option is a breakout of the descending boundary of the triangle and a touch of the Fibonacci level of 0.618. If the sentiment in the market is bullish by this time, we can expect the continuation of growth.
The second option is a breakout of the ascending line of the triangle and a drop in price to the nearest strong Fibonacci level of 0.236.
This is not a trading recommendation, everything you do, you do at your own risk.
LTC to $550 and a long shot at $1200 LTC can hit $550 zone in the next bull market cycle and even has a shot at $1200 but this second target is ALOT less likely.
(note - as we havent really confirmed a bull market yet this is unlikely to happen during the halving run up)
I've analyzed ETHEREUMS breakout to come up with this price action pathway for LTC.
This is of course the bulilsh outlook should we indeed confirm we're in a bull market now.
If there are some new events that make LTCs fundamentals much stronger like ETHEREUMS than ill definitely consider the $1200 target being plausible.
For now, next bull market tartget should reach at least $550 imo
Litecoin c wave longCurrently in a 5-wave uptrend, with the 3rd impulsive wave potentially completing.
Anticipating a corrective move towards the 4th wave support in the range of 90 - 87.80. The target for the 5th wave is around the $100 range.
The (SRSI) is showing oversold.
Analyzing Litecoin (LTCUSD) Impulsive Surge with Elliott WaveShort term Elliott Wave View in Litecoin (LTCUSD) suggests the rally from 3.11.2023 low takes the form of an impulsive Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 75.37. The crypto-currency has now rallied higher in wave 3. Up from wave 2, wave (i) ended at 82.07 and pullback in wave (ii) ended at 77.17. Internal subdivision of wave (ii) unfolded as a zigzag where wave a ended at 77.33, wave b ended at 81.95, and wave c lower ended at 77.17. This completed wave (ii) in higher degree. Up from there, wave i ended at 81 and pullback in wave ii ended at 79.64.
Wave iii higher ended at 93.59 and pullback in wave iv ended at 90.34. Final leg higher wave v ended at 94.98 which completed wave (iii). Expect Litecoin to pullback in wave (iv) before turning higher again in wave (v). This would complete wave ((i)), and the crypto currency should then pullback in wave ((ii)) to correct cycle from 5.8.2023 low before the rally resumes again. Near term, as far as pivot at 75.37 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
LTC: Resistance BreakoutLitecoin (LTC) technical analysis:
Trade setup : Price bounced off of support trendline (blue line in chart) and 200-day moving average, and broke back above $90 resistance. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline), and price could revisit $100-$105 resistance zone where it got rejected 3x. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high.
Trend : Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral 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.
LTCUSDT Roadmap M15 - Just a prediction, with some projectionI am on a sell with tree entry levels: 91.00 / 93.00 / 94.95 . I spect a resistant at the 95.00 level . if so..I will target 85, but with risk management . If the bull keeps running, I will be stopped at 97.01 level .
