CRYPTO: How it works and how it is explained for beginners.Here is a detailed explanation of the key concepts related to cryptocurrencies:
Cryptocurrency
Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. Unlike traditional currencies, they are not issued by a central authority such as a bank.
The main characteristics of cryptocurrencies are:
-They exist only in electronic form
-Transactions are made directly between users (peer-to-peer)
-They use blockchain technology to record transactions
-Their value fluctuates according to supply and demand
Blockchain
Blockchain is the underlying technology that allows cryptocurrencies to function.
Its main features are:
-It is a distributed and decentralized ledger that records all transactions
-Each transaction forms a "block" that is added to the existing chain
-The data is encrypted and impossible to modify once recorded
-It works without a central authority thanks to a network of computers
The halving
The halving is a scheduled event that concerns certain cryptocurrencies such as Bitcoin.
Its main characteristics are:
- It halves the reward given to miners for creating new blocks
- It usually occurs approximately every 4 years (every 210,000 blocks for Bitcoin)
- Its purpose is to control inflation by gradually reducing the issuance of new units
- It can have an impact on the price of the cryptocurrency by reducing the supply
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The different types of coins
There are several categories of cryptocurrencies:
Bitcoin: The first and best known cryptocurrency
Altcoins: All cryptocurrencies other than Bitcoin (e.g. Ethereum, Litecoin)
Tokens: Tokens created on existing blockchains, often linked to specific projects
Stablecoins: Cryptocurrencies whose value is indexed to a fiat currency or a stable asset
Memecoins: a cryptocurrency that comes from an Internet meme or that has a humorous, ironic characteristic, a joke as its origin.
Each type of coin has its own characteristics and uses, but all rely on blockchain technology to operate in a decentralized manner. 10 minutes ago
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Here is a list of the top altcoins, memecoins, and stablecoins to know in 2024:
Major Altcoins:
-Ethereum (ETH)
-Cardano (ADA)
-Solana (SOL)
-Polkadot (DOT)
-Ripple (XRP)
-Litecoin (LTC)
-Chainlink (LINK)
-Polygon (MATIC)
-Avalanche (AVAX)
-Tron (TRX)
Popular Memecoins:
-Dogecoin (DOGE)
-Shiba Inu (SHIB)
-Pepe (PEPE)
-Bonk (BONK)
-Book of Meme (BOME)
Top Stablecoins:
-Tether (USDT)
-USD Coin (USDC)
-Frax (FRAX)
-Dai (DAI)
-TrueUSD (TUSD)
-First Digital USD (FDUSD)
-Decentralized USD (USDD)
Altcoins are alternative cryptocurrencies to Bitcoin, often offering specific features or use cases.
Memecoins are cryptocurrencies that were initially created as jokes but have sometimes gained popularity.
Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar.
Each category has its own characteristics:
-Major altcoins often aim to solve specific problems or provide platforms for the development of decentralized applications.
-Memecoins are generally driven by their community and can experience high volatility.
-Stablecoins seek to offer the stability of traditional currencies while retaining the benefits of cryptocurrencies.
It is important to note that the cryptocurrency market is very dynamic and the popularity and value of these tokens can fluctuate rapidly
Litecoin (Cryptocurrency)
LTCUSDT Breaks Resistance with Volume Surge: Is $100 Next?LTCUSDT has decisively broken through resistance with impressive trading volume, signaling a potential surge in the coming days. With momentum building, can LTC surpass its previous highs? The outlook is positive, and we're anticipating a move towards $100 soon.
Currently, it's facing minor resistance at the 200 EMA. Keep an eye on market trends and adjust your strategies accordingly, as this coin shows strong potential for upward movement!
LTCUSDT Currently trading at $70
Buy level: Above $69
Stop loss: Below $59
TP1: $76
TP2: $85
TP3: $100
TP4: $112
Max Leverage 3x
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Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
#LTCUSDT #4h (ByBit) Broadening wedge breakout & retestLitecoin pulled back to 50MA support where a bounce seems likely, eventually leading to a bullish continuation.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (7.0X)
Amount: 4.8%
Current Price:
72.06
Entry Targets:
1) 71.83
Take-Profit Targets:
1) 80.39
Stop Targets:
1) 67.54
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #4h #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +83.4%
Possible Loss= -41.8%
Estimated Gaintime= 5-10 days
Bitcoin Weekly Analysis : Bullish Move Ahead? (READ THE CAPTION)By analyzing the Bitcoin chart on the weekly timeframe, we can see that, based on the previous analysis, Bitcoin did not stabilize below the $57,870 level. After a short-term corrective wave, it was once again met with strong demand. Last night, following the announcement of a half-percent interest rate cut by the Federal Reserve, this cryptocurrency saw even more demand and managed to rise to $62,500. Now, we have to see if the price can break above $65,000 by the end of this weekly candle. It’s likely that Bitcoin and other altcoins will soon begin their main bullish wave, with Bitcoin's potential target in the mid-term being $80,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
12M:
2W:
1H:
Feel free to share your thoughts and ideas in the comments below!
Litecoin LTC price "keeps up"In 2016-17, 2019, and 2020, CRYPTOCAP:LTC was among the first to roll out the alt-season.
Of course, #Litecoin is “not the same” anymore, and many newcomers to the crypto market and fans of “hamsters” do not even know how much CRYPTOCAP:LTC "to do" for the global development of crypto. He was proudly called “silver” right after the golden CRYPTOCAP:BTC
🔝 And yet, the OKX:LTCUSDT price is holding up well, volatility is reduced, is it really preparing for something “big”?
Do you believe that the #LTCUSD price can reach $190-220 again?)
Could Litecoin get an ETF in the coming year?Litecoin starting to deliver with a major strength, with 37% increase from the low.
NYSE:LTC has the longest accumulation period ever. We all know that once NYSE:LTC starts to move, it always leads the way to expansion phase. Could this time be different?
Litecoin was always viewed as silver to Bitcoin's gold . Last April, we saw a 10% surge as institutional hint at interest on Litecoin ETF rumors.
Could Litecoin get an ETF in the coming year?
Technical Outlook:
NYSE:LTC closed green today though it's struggling to break $67 resistance on the third attempt.
Failure to flip $67 resistance, the first level of support is around $63.5
Price needs to stay above $61 to maintain its bullish structure, failure to do so, a retest on $58 is very likely.
LTCUSD / Lite coin Bullish Robbery plan tp steal the moneyMy Dear Robbers / Traders,
This is our master plan to Heist Lite Coin LTCUSD market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
LTCUSD / REMAIN BELOW TURNING LEVEL - 4HLTCUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 68.30 .
Turning Level: The price is currently trading below this level around 68.30 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 73.17 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 68.30. If the price reaches 73.17 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 76.44 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 79.83 .
Support Level (1): As long as the price remains below the turning point of 68.30, it suggests a drop towards 61.62 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 57.61 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 52.93 .
Channel Trend: the trading rate within the descending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 73.17, 76.44 , 79.83 .
SUPPORT LEVEL : 61.62 , 57.61 , 52.93 .
Bitcoin Weekly Analysis: Potential LONG ! (READ THE CAPTION)By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might see a negative reaction. After observing this reaction, we can better assess Bitcoin's next potential move.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 .
Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 .
TARGET LEVEL :
RESISTANCE LEVEL : 65.88 ,68.41 .
SUPPORT LEVEL : 49.77 , 47.45 .
OMG! ALT Season is SO CLOSE!!!! ALT HOLDERS will BECOME RICH!6 1/2 years of a corrective cup formation for massive coin absorption in the market for the market makers.
notice each low is holding in an upward support level and not fully reclaiming after each correction down.
notice that the handle from the 2021 bull season trap at the highs was a corrective formation to build out the handle pullback. we are now forming tight consolidation within a small major breakout retest on old resistance from the handle.
when the green triangle breakouts out it will run north! potentially could pull back one more time within the green triangle and retest the support for a major BUYYYY!!
THIS LOOKS SO GOOD AND YOU BETTER HAVE YOUR ALTS READY TO GO!!!
2017 is in motion again!
BULLS WILL RUN HARD!
LTC USDT🔍 LTC/USDT Analysis: Long-Term Price Prospects & Key Dates 📉
The LTC/USDT chart marks critical dates and long-term price targets with bold lines on the weekly timeframe:
September 2, 2024 - Green Line: This date indicates a potential local low, providing an opportunity for long-term accumulation. Consider this an optimal entry point for building a position in LTC.
October 10, 2024 & December 16, 2024 - Red Lines: These dates could signal local peaks, offering chances to take profits or reassess positions in anticipation of market corrections.
October 27, 2025 - Green Line: A significant long-term low is expected around this date. This could be the best moment to increase your LTC holdings for the next major market cycle.
Aligning your strategy with these dates and focusing on the long-term price perspectives can help optimize your investments in Litecoin.
#LTC #Litecoin #CryptoTrading #Cryptocurrency #MarketAnalysis #Altcoins #LTCUSDT
LTC/USD LiteCoin Market Robbery Plan on Bullish DirectionMy Dear Robbers / Traders,
This is our master plan to Heist LTC/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style