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Litecoin (Cryptocurrency)

Litecoin in ascending triangle.Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64) Price action has continued to range within a triangle formation. Bespoke resistance is located at 94.50. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Price action has broken from the previous formation. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 85.88 and 85.08 Resistance: 92.50 / 94.50 / 95.69 Support: 90.78 / 90.00 / 88.63 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
VANTAGE:LTCUSDShort
by VantageMarkets
Cryptocurrency: Should You Invest Or Speculate?Cryptocurrency has been around for over a decade now, but there are still many first-time investors who are hesitant to explore the world of cryptocurrency alternatives. Most often, they focus on two main ways to profit from trading: trading and mining. In this article, we will discuss why mining has become almost impossible for individual investors and why trading may be a more viable option. The Main Cryptocurrencies: Bitcoin and Ethereum Bitcoin and Ethereum are the most popular cryptocurrencies in the market today. While many people see the potential for profit in mining these cryptocurrencies, the reality is that mining pools have become almost impossible to compete with. These "powerful hammers" have shattered the dreams of many individuals who were hoping to profit from cryptocurrency mining. While it is still possible to join one of these mining pools, it is a costly operation that requires purchasing the most powerful equipment. The payback of such an investment is also questionable. As a result, if you're looking to profit from operations with Bitcoin or Ethereum, it may make more sense to prefer trading rather than mining. Trader or Investor Once you have decided to pursue trading, the next step is to choose the direction and speed of movement. Understanding whether you are a trader or an investor will be the determining factor in this decision. An investor seeks to profit from effectively investing their capital in financial assets. Typically, investors make a single, but voluminous transaction, buying an asset in the hope of its long-term growth. Investors take responsibility for the possible consequences of this operation and take on all possible risks. They don't expect a quick return on the transaction, but they usually get a substantial benefit in the end. A trader, on the other hand, is a professional with special knowledge and skills for effective management of both own and investment capital. Traders aim for short-term profit on sharp price fluctuations. Traders' positions usually last from a few minutes during periods of high volatility, to a few days when the price shows signs of strong growth followed by profit-taking and the opening of trade in the opposite direction. Trading Is a Profession It should be understood that when choosing the path of a trader, you must devote quite a bit of time to education and developing your strategy as well as your trading style. Trading requires deep knowledge of the material and an active presence at the monitor with constant control of the market, which takes quite a lot of time. To become a successful trader, you need to have a deep understanding of technical analysis, which is perfectly suited to Bitcoin and Ethereum charts. The market can be volatile and unpredictable, so it's important to develop a strategy that suits your trading style and risk tolerance. Investing - For Those Who Want Additional Income Investing in cryptocurrency is a more hands-off approach than trading. It still requires an understanding of technical analysis but takes minimal time, allowing you to live your life quietly and engage in your main activity. Conclusion In conclusion, when it comes to profiting from cryptocurrency, it's essential to consider both trading and investing options. While mining may seem like an attractive option, it requires significant investment in equipment and resources, making trading and investing a more viable choice for most people. Whether you choose to be a trader or an investor, it's crucial to understand the fundamental differences between the two and devote time to developing a strategy and trading style. With the right knowledge and approach, cryptocurrency can be an excellent tool for generating additional income and building wealth.
COINBASE:BTCUSDLong
by FOREXN1
3
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace. We described this in more detail, with graphs and comparisons, in our previous idea here: If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level. Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it. For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73. If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend. However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
44
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Litecoin (LTC) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95. As a result of the move, LTC climbed to its strongest point since March 3, when the token reached a peak of $95.49. Overall, the move has pushed the 10-day (red) moving average closer to an upwards crossover with the 25-day (blue) moving average. Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index (RSI). At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone of 56.00. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563
3
Federal Reserve Balance Sheet Projected to Exceed $19 TrillionWave structures on these Economic Indexes tend to play out fairly often, such as in the case for Various CPI and Interest Rate Charts which can bee seen in the Related Ideas tab below. With that in mind, I now turn to The Federal Reserve Balance Sheet; and when I look at the Balance Sheet what I see is that since the Inception of this chart, it has traded within an Equidistant Channel that can be easily viewed and plotted in Log scale. When I look deeper into this I can also see that since around the end of the 2008 GFC when mass bailouts occurred, the RSI on the Balance Sheet has typically stayed Elevated and Above the Bullish Control Zone: meaning any time spent below the level of 70 has typically been followed by insane expansionary rallies, thus huge continuations in the rapid increases of the Balance Sheet. Additionally, it can also be seen that as of recent times (notably since the mid 2010s) the MACD has become a great indicator in the form of Hidden Bullish Divergences appearing just before huge continuations to the upside; these mid 2010 events align with the blunder that were the taper tantrums in which the fed ultimately capitulated on their monetary tightening stance and decided to expand the Balance Sheet Exponentially Higher and now looking at the chart we can see yet another Hidden Bullish Divergence forming that will be confirmed at the close of the month after the next trading week signaling that another big wave up is about to begin. Lastly, when zooming all the way out and taking in all the data at once, it can be seen that we are in what looks to be an AB=CD wave structure in which the first expansion was a 400% Expansion and the Current Expansion is on the way to being yet another 400%. We are currently about halfway there and the AB=CD Wave Structure would suggest that the Federal Reserve will more than double it's Balance Sheet by 2026 as the Federal Reserve capitulates yet again in an attempt to save the current fragile economic system.
FRED:WALCLLong
by RizeSenpai
3
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price broke back above $90 resistance to resume Uptrend, with upside potential to next resistance zone of $100-105. (set a price alert). Trend : Downtrend on Medium-Term basis and Uptrend on Short- and 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 (previous resistance), then $70. The nearest Resistance Zone is $90, which it broke, then $100.
Long
by altFINS
What led to more than 20% gain in the price of LTC?Rally in the price is mainly due to halving of coin which is likely to happen in August 2023. In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018. Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance, target price will be $147. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
COINBASE:LTCUSDLong
by teakfinance
LITECOIN is rallying and can reach $250 based on this fractal.Litecoin (LTCUSD) is rebounding on its 3D MA50 (blue trend-line) towards the 3D MA200 (orange trend-line). If it breaks above the Bear Cycle Lower Highs trend-line (dashed line), then it might imitate the October 2020 rally. So far the two sequences are fairly similar, even on MACD terms. A break-out rally similar to Oct 2020 can hit the 0.786 Fibonacci extension and print $250.00 ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSDLong
by TradingShot
6
Litecoin Halving GameplanWhat is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet. Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin offering at launch (thus it should not be targeted as a security by the SEC). The Litecoin block rewards for mining are currently 12.5 Litecoin per block. Every 840,000 blocks, the block reward is cut in half. As of this post there are 76,215 blocks until the next halving, estimated to take place August 2, 2023. Similar to bitcoin, the halving event reduces the supply of Litecoin entering the market. This reduction in supply, combined with steady or increasing demand, can cause the price of Litecoin to increase. In the past, we have seen significant price run-ups leading up to the halving event, followed by a reversal within a few weeks of the event. In 2015 the pre-halving trough to peak was in mid-July prior to the August 25, 2015 halving. In 2019 the pre-halving price peaked in mid-June. Interestingly, there were similar but less extreme economic conditions between the current environment and the 2019 halving. The S&P experienced a recent drawdown, fed funds rate had recently peaked, 2 year bond rates had recently rolled over fed funds, and global liquidity was relatively flat. My game plan for this halving event is to: 1) assume that price will not reach a new ATH and will have a lower proportional run-up than prior halvings 2) plan for price to peak by mid-June 3) take profits in three stages TP1 - $130 - the 0.786 of the retrace from the 2019 pre-halving peak to trough TP2 - $170 - the 0.5 of the retrace from the November 2021 high TP3 - use a moving stop to allow any further continuation 4) stop loss for invalidation at the bottom of the rising channel CRYPTOCAP:LTC BINANCE:LTCUSDT
BINANCE:LTCUSDLong
by Ben_1148x2
4
✴️ Litecoin As A Leading Indicator (75% Potential Then More)Litecoin is hitting a new daily high after the correction ended and the chart is now strongly bullish. The volume is great, the MACD is flashing a very strong signal together with the RSI. This is no surprise to you and me but it is good to point it out. You can expect a very similar behaviour for Bitcoin and the rest of the Cryptocurrency market. ✔️ Just higher highs leading to higher lows followed by higher highs. Notice that the correction ended 11-March and this is true for the entire market basically. Most of the Crypto pairs bottomed 9-13 March. Some are a bit behind others more advanced but end result is the same. Corrections and retraces can be used as an opportunity to buy-up, buy-in, rebuy and reload to benefit from the following wave. There is a strong hidden bullish divergence with both the MACD and RSI, which gives further strength to a higher high next. ✔️ When you consider that Litecoin has been growing for more than 9 months, since June 2022, it is hard to understand how some people still think that we are in a bearish trend. A bearish trend means lower highs and lower lows... This is not the case here, prices continue to go up. We are no longer "early" as I continued to repeat just two months ago. We are now half-way through but there is still plenty of opportunities available for those ready to take the jump. This is not financial advice. Namaste.
Long
by AlanSantana
✳️ Litecoin Higher Low Now, New Bullish Wave, Be Prepared!While some people are still within the doom and gloom mentality, preparing for lower lows forever, new bottoms, market crash, etc. Cryptocurrencies are already moving up. The Altcoins vs Tether pairs are incredibly clear, printing between 300 and 500% in the initial bullish wave and the Altcoins vs Bitcoin pairs preparing for another leg up. ✔️ Bitcoin is also ultra-strong above EMA10 daily, no strong crash after a massive, huge 85%+ phase of growth. Imagine, this only tells us that Bitcoin is stronger than usual, not weaker, do not expect new lows, a new bottom... Instead of $11,000, you should be preparing for $32,000, $35,000, $38,000, $41,000 and beyond. Only late this year we are likely to experience a strong correction that will do nothing but confirm all the bullishness we have been experiencing now month after month. Litecoin vs Bitcoin (LTCBTC) is preparing for its next high. Notice, that while some people think that ALTSBTC pairs drop when Bitcoin grows and phantasize on some strange dynamics, the market simply grows together as whole with some slight delays between set of coins. Here LTCBTC bottomed in June 2022, exactly the same date as most of the market when the capitulation low was confirmed. After this phase we get up, up and more up. Correction and retraces are normal, once a correction ends, we get the next leg up. This is another opportunity, how you approach the market is your sole responsibility. Be wise, be patient, study and know that regardless of what happens, if this opportunity goes away another one will always show up. You are a divine human being. ✔️ We all make mistakes, if you did something wrong now, if you feel burdened by something of your past just let it go. You are special and you deserve the best, now & always... ✔️ Struggles and challenges are the experiences that helps us grow and evolve. Namaste.
Long
by AlanSantana
7