Litecoin (Cryptocurrency)
LTC/USDT :: buyers have enough power ?!LTC/USDT :::
If the price is sufficiently supported in this range, it can easily break the channel and turn its ceiling into a strong support for itself, and if it cannot break it, it will move to the middle line again, and then again will try to break the channel .
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Buying LTC on dips.Litecoin - 24h expiry - We look to Buy at 88.82 (stop at 86.78)
Our short term bias remains positive.
20 4hour EMA is at 88.83.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 93.92 and 94.92
Resistance: 91.30 / 92.70 / 94.00
Support: 88.80 / 88.00 / 86.30
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LTC inv h&s appears to be validating; golden cross soonUnlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower than the original target because price action dipped back below the neckline. The new target is $91.79. I will put a link to the previous litecoin idea about this inverse head and shoulders pattern below. *not financial advice*
LTC's odds are stacked in its favorLTC didn't have much of a bull market in terms of PA but that's bound to change this time around. With hard facts and metrics far exceeding its nominal price, this baby's about to pop loud. I think most will get shaken out early because it's had a habit of correcting hard. I don't seen a hard correction this time around...
I'm just a monkey with a TV subscription. This is not financial advice.
lITECOIN #LTC UpdateLitecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
To learn more about this project, check out our deep dive of Litecoin.
The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
💲 Litecoin First Significant Rsistance 💲💲 Litecoin First Significant Rsistance
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.236 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Litecoin has once again attacked the recent rally as well as the entire cryptocurrency market, there is a good chance for the uptrend to continue after such sharp increases during Friday's trading session.
💲 The scenario I'm playing out is a continuation of the upward trend on litecoin in the vicinity of $130. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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LTC: Approaching ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 30% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 resistance and reached our target of $85 resistance area. That’s where it got rejected a couple of times in Nov/Dec as traders took profits. Now we wait for price to 1) break above $85 to resume uptrend, or 2) pull back near $75 support for another swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, then $100.
LTCUSDT NEXT MOVE!!!Here we can se that "LTCUSDT" in 1 DAY time frame has already taken BREAKOUT from the red TRENDLINE and is trying yo RETEST the line near the zone of "74.68" also you can see that the stocastic RSI has a support at "-0.44". If it takes restest then the price can bounce back til the HORISONTAL RESISTANCE of "132.33" you can see a good LONG OPPORTUNITY at that zone.
ENJOY!!!!
#BITCOIN - Another Fall to 18.8K ? Let's SeeAs you can see, the price reached the range of $21500 and completely filled the desired FVG and after that it faced selling pressure until it corrected to $20400. Pay attention that there's a possibility of price correction to the range of $18,800 to $19,200! This analysis is complementary to the previous analysis!
The Last TA :
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.19.2022
⚠️(DYOR)
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