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Litecoinanalysis

#Litecoin Down 14%, LTC In A $10 RangePast Performance of Litecoin Litecoin prices are higher when writing but remain under pressure. As an illustration, the coin is within the bear bar of April 26, and trading volumes are low. At the same time, prices are anchored by the bear bar of April 19 that continues to shape the current formation. Support lies at around HKEX:85 while resistance is at HKEX:95 , or April 16 highs. #Litecoin Technical Analysis Sellers are in charge of a 54% surge from mid-March 2023. For now, LTC is down 14% from April peaks, and more could be on the horizon. Notably, the coin is in range inside a tight HKEX:10 zone. Because of this, price action suggests that sellers are in control, provided prices are below $95. Meanwhile, a clean breakout below HKEX:85 will confirm losses of April 19. The emerging trend would shape the short-term trend as LTC would likely flash crash to HKEX:70 in a retest. What to Expect from #LTC? The present consolidation validates the downtrend since buyers are yet to reverse losses of the second half of April. As prices move sideways, the odds of the coin dipping below HKEX:85 is amplified. Resistance level to watch out for: HKEX:95 Support level to watch out for: HKEX:85 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Litecoin Prices inside a Bull Flag with Resistance at $95Past Performance of Litecoin Litecoin prices, like BTC's, are consolidating. For LTC, the coin has resistance at $95 with support at $87, as defined by the bull bar of March 23. Besides $87, the middle BB is a dynamic support level defining the uptrend. Therefore, as prices move horizontally, the uptrend remains unless there are sharp losses confirming the losses of April 6. #Litecoin Technical Analysis From the daily chart, prices are inside a falling wedge with resistance and support shaped by the bar of March 23. The result is a bull flag, with traders still bullish from an effort versus result perspective. This is because prices are still within the bullish engulfing bar of March 23, a candlestick with high and wide-ranging trading volumes. As such, unless there is a breakout above $95, traders might look for entries on lower time frames, loading on dips above $87. Any loss below $87 may see LTC dip to $75 and even March 2023 lows. What to Expect From #LTC? The uptrend remains, but market participants are apprehensive despite the Litecoin halving event around the corner. For now, immediate support levels are critical, and how prices react will shape the short to medium-term price action. Resistance level to watch out for: $95 Support level to watch out for: $87 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Litecoin Remains in a Bullish Frame, LTC May Rally To $120Past Performance of Litecoin Litecoin remains bullish, looking at the performance in the daily chart. Even though the immediate trend favors sellers, prices are defined by the bull bar of March 23. Buyers have the upper hand from an effort versus result perspective. Still, for uptrend confirmation, LTC must break above $95 and, ideally, $120. #Litecoin Technical Analysis From the daily chart, buyers are confident of what lies ahead. There are lower lows relative to the upper BB, signaling fizzling upward momentum. Still, with prices inside the bull bar of March 23, buyers have a chance. This is valid as long as prices are above $85. A break above $95 with rising volumes may see LTC float toward $100 and $120. Conversely, any dip below $85, forcing prices below the anchor bar, might see LTC drop to $75 and later March 2023 lows in a retracement, aligning with bears of the second half of February. What to Expect from #LTC? Traders can wait for trend definition above $95. Although there have been higher highs in recent days, prices have been in consolidation. Therefore, any break above $95 might be the beginning of another leg up toward $120, cementing the bulls of March 23. Resistance level to watch out for: $95 Support level to watch out for: $85 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Litecoin Trends Higher, LTC Resistance at $90Past Performance of Litecoin Litecoin remains firm at spot rates. Even though bulls failed to follow through and push the coin above the current consolidation, the uptrend remains, considering their push yesterday. The immediate resistance remains at $90, marking the top of the current expanding wedge. #Litecoin Technical Analysis Despite recent gains, bulls must edge above $90 for a trend continuation. Should that be the case, buyers will confirm yesterday's gains, setting the pace for another leg up toward $100. This will be a massive development for optimistic buyers who need to shake off bears and steer away from solid support at $75 following losses of early March. In that case, conservative bulls can wait for a clear definition in the immediate term, aware that gains above $90 might see LTC float to $100. Conversely, a sell-off below $75 might force liquidation back to December 2022 lows at around $60. What to Expect From #LTC? The direct correlation between Bitcoin and Litecoin might negatively impact LTC in the short term. This is because BTC is already under pressure and cooling off. Still, how prices react at $90 will shape the immediate to medium-term trajectory of the Bitcoin silver. Resistance level to watch out for: $90 Support level to watch out for: $75 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Litecoin Strongly Rejects Bears, LTC Uptrend Anchored At $65Past Performance of Litecoin Litecoin is up 24% in the past three days, tracking higher, and aligning with the primary trend. Buyers are in control, bottoming from recent lows, a bullish development for holders. In the short term, the coin has support at $65. Meanwhile, resistance lies at around $90. #Litecoin Technical Analysis The path of least resistance is, from a top-down preview, northwards. From the daily chart, there is a double-bar bullish formation. Specifically, the bull bar of March 12 is bullish engulfing and with rising volumes. Subsequent confirmation yesterday solidifies the bullish outlook. Per this formation, traders can load the dips, targeting $90 in the short term. This preview will only change should LTC drop below $65, the 78.6% Fibonacci retracement level of the November to February 2023 range. Losses below this line may see the coin fall to Q4 2022 lows. What to Expect From #LTC? Traders are bullish, and LTC prices may continue inching higher in the short term. The next target is at $90, flashing with February 2023 lows. Further gains may see Litecoin expand above the February range to print new Q1 2023 highs. Resistance level to watch out for: $90 Support level to watch out for: $65 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Litecoin Drops 40% As LTC Sellers Aim For $60Past Performance of Litecoin Litecoin is down roughly 40% from February highs, looking at the arrangement in the daily chart. The trend is established, and the path of least resistance is southwards. Bears have been resilient, following losses below $90 in early March, aggressively dumping on every pullback. #Litecoin Technical Analysis The immediate trend is bearish, and sellers are pressing on the liquidation pedal at the driving seat. At this pace, not only can LTC bears reverse gains of the better part of Q1 2023, but if the momentum is strong, the coin might drop to retest December lows at around $60. As it is, the March 8 bear bar is wide-ranging, with rising volumes, meaning the momentum is high. Traders can liquidate on every attempt higher below $90 setting sights on $60 in the near term. What to Expect from #LTC? Unless otherwise there is a counter bar with equally rising volumes rewinding yesterday's losses, the downtrend remains. Therefore, sellers may search for entries to liquidate with targets at crucial support lines in the short term. Resistance level to watch out for: $90 Support level to watch out for: $60 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Litecoin to roll back downAs I draw attention before, the 100 zone is a very strong resistance for Litecoin, and, in spite of this recent hype and "back to bull run" calls from the crypto Gurus, I don't expect it to have a sustained rise above this figure. As we can see from the posted chart, LtcUsd already started to drop from this zone and also the recent leg up from December is a rising wedge. A drop under 90 would confirm the pattern and the coin could drop to 60. My general idea remains unchanged overall (although I had some buy trades on Btc and Eth): this is just a correction in the crypto market's case and as for Ltc, sell rallies towards 100 could be a good idea if you are also bearish on medium to longer term. Of course, I could be wrong, but from a speculative point of view, a sell at 100 with a stop at 120 and a target at 60 makes sense.
COINBASE:LTCUSDShort
by Mihai_Iacob
16
#Litecoin Breaks Lower, Pulls Back From Q1 2023 Highs at $102Past Performance of Litecoin Litecoin is also bearish, following losses in the second half of last week. Bears have the upper hand, especially if prices are inside the bearish bar of February 9 and with lighter trading volumes. As it is, traders can watch out for how prices react at around $102 and $90. A breakout below $90 could see LTC retrace in an expected correction. #Litecoin Technical Analysis LTC remains in a tight range with caps at $102 and $90, respectively. As prices consolidate, moving away from the lower BB but still capped inside the February 9 bearish bar, aggressive traders can seek to unload on any attempt higher, mirroring their formation with the trend direction set last week. Despite the attempt higher over the weekend, prices remain below the 20-day moving average. This line has been the support line for the better part of the past three months. The cool-off follows a sharp expansion that saw LTC prices double from November lows. What to Expect From #LTC? Traders might be taking profits. As it is, LTC is bearish, and the bear bar of February 9 is important in the current candlestick arrangement. Losses below $90 would confirm sellers of last week, a development that may see LTC slide, an opportunity for aggressive traders. Resistance level to watch out for: $102 Support level to watch out for: $90 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Litecoin Rips Higher, Posting Over 2X from NovemberPast Performance of Litecoin Litecoin is trading at Q1 203 highs when writing, looking at the performance in the daily chart. The coin has reversed losses of early this week, and buyers are in sync with gains of the better part of the second half of January. Per the current candlestick arrangement, primary support lies at around $90. #Litecoin Technical Analysis LTC is up by more than 100% at spot rates, trading in a bullish formation. The rejection of lower prices supports buyers who can look to double down on dips above $90, the primary support. At this pace, every low may be a loading opportunity for aggressive traders angling for $120 in the near term. Note that the February 1 bar has high trading volumes, which is overly bullish. What to Expect from #LTC? Buyers are confident, and the immediate trend has been established following gains in February. LTC looks likely to extend gains as it bottoms up from last year's lows. This preview is valid in the short term as long as the coin trades above $90. Resistance level to watch out for: $120 Support level to watch out for: $90 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Litecoin Is Up 2X from June 2022 Lows, Up Next $130?Past Performance of Litecoin After dropping to as low as $40, Litecoin prices have more than doubled in the past seven months. The coin is up 125 percent from H2 2022 lows and galloping higher in a bullish breakout formation. #Litecoin Technical Analysis Traders are upbeat, but the uptrend, like what has been happening across the board, has been labored. Notably, LTC has resistance at around $92, marking January 20 high. On the lower end, support is the flexible support line, or the middle BB, and $80. As long as prices are above $80, every low from spot rates, below the middle BB, will be a retest, allowing for possible accumulation. In that case, traders might target $90. Further gains above $92 will open up LTC for March 2022 highs of $130. What to Expect from #LTC? Buyers are in control. The current consolidation has formed a bull flag as the middle BB offers support while $92 caps the upside. Any surge, continuing H2 2022 gains, may see LTC rally to Q1 2022 territory. Resistance level to watch out for: $92 Support level to watch out for: $80 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Litecoin surges 114% in 6 Months, LTC Could Retest $100Past Performance of Litecoin Litecoin is at multi-month highs, trading above May 2022 highs and Q2 2022 territory. At this pace, LTC bulls are squarely in control with signals that there could be more upsides. Still, the rejection of higher prices over the weekend may indicate weakness. Bulls have a chance as long as LTC is steady above $80. #Litecoin Technical Analysis Litecoin is within a bullish breakout formation following gains in the first week of January. With buyers resilient and inching higher, the breakout is valid as long as LTC is above $80. Note that the upside momentum is also strong, with bars binding along the upper BB at the back of expanding volumes. Despite the upside slowing down, buyers are in control and can load the dip targeting $100. This preview will be null if LTC sinks below $80 and December 2022 highs. What to Expect from #LTC? Litecoin is up 114% from June 2022 lows, outperforming the USDT and leading the crypto surge. Buyers may lead the way going forward ahead of the expected LTC halving. Accordingly, optimistic traders can double down on dips above $80, expecting the coin to chart above $100. Resistance level to watch out for: $100 Support level to watch out for: $80 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Litecoin in a Bullish Breakout Formation, Will $65 Hold?Past Performance of Litecoin Litecoin is relatively solid when writing. Despite the contraction after what promised to be a welcomed reversal after months of lower lows, there could still be hope for bulls. At spot rates, LTC price action could be completing a retest after springing 60 percent from June 2022 lows. #Litecoin Technical Analysis The bullish breakout above August highs (now support) at $65 in late November 2022 is valid. LTC more than doubled from November lows, peaking at $85 in early December before contracting to $65. This line flashes with August 2022 highs. Accordingly, LTC has completed the second phase of a breakout. If LTC bulls hold above $65, prices may rally back to $85 in a bullish continuation formation. Before then, traders can place triggers at around $70 before redoubling the accumulation. Conversely, losses below $60 invalidate this forecast. What to Expect from #LTC? Litecoin prices are trending at a critical level. A valid retest from $65 means LTC must expand above $70, confirming gains on December 20. If not, losses below this week's lows will cancel the bullish preview. Resistance level to watch out for: $70 Support level to watch out for: $60 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
2
#Litecoin in a breakout, Rallies 67% from November lows Past Performance of Litecoin Litecoin remains within a bullish breakout formation, doubling in the past six months. The coin is within a breakout formation at spot rates, clearing critical resistance levels. Accordingly, buyers have re-established themselves, setting the base for a possible recovery. #Litecoin Technical Analysis At spot rates, LTC is up 67 percent from November lows, reversing losses of early November 2022. Because of this, buyers have the upper hand. Subsequently, every low above $70, flashing with November highs, presents a loading opportunity for aggressive traders. This bullish preview holds considering the failure of sellers to push back prices, reversing gains made thus far. Besides, the upside momentum has resumed after waning in late November. From this setup, LTC bulls appear to set their eyes at $100, a psychological reaction level. What to Expect from #LTC? There are fundamental factors behind the revival, a welcomed move after losses in 2022. The immediate support is at $70. If bulls sustain this level, LTC may post more upsides in the short term. Resistance level to watch out for: $100 Support level to watch out for: $70 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Litecoin surge 68% from 2022 Lows; LTC Target $100Past Performance of Litecoin On November 22, Litecoin surged 22 percent, reversing losses of November 8 and 9 and swinging price action in favor of buyers. At spot rates, LTC bulls are building on yesterday’s impressive gains, surging 68 percent from November 2022 lows as the coin erupts to post new Q4 2022 highs. #Litecoin Technical Analysis In the daily chart, LTC is within a bullish breakout formation above $73 and November 2022 highs. As it is, buyers are back in contention. Subsequently, every low can offer entry for buyers to double down, expecting gains toward $100,which coincides with Q1 2022 lows. Presently, the spike in trading volumes and trade range is refreshing for LTC that appears to be bottoming up after 12 months of momentum-breaking lower lows. What to Expect from #LTC? Buyers are confident as LTC gains lead the market recovery. Technically, the bullish engulfing bar of November 22 is shaping the short to medium-term trajectory. With prices decisively breaking out above November high, LTC may surge to Q1 2022 territory. Resistance level to watch out for: $100 Support level to watch out for: $73 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1