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Litecoinanalysis

#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
#Litecoin Firm, LTC Bulls Expect a 20% Rally to $65Past Performance of Litecoin Litecoin prices are tethered around October 2022 highs at around $55, reading from the formation in the daily chart. Even though buyers appear to be in charge, there must be a sharp continuation in confirmation of mid-week gains for bulls to be in complete control. The upside is shaky, but a follow-through of October 24 gains may re-instill confidence in traders, pumping prices toward September highs. #Litecoin Technical Analysis Buyers are upbeat, but the positive correlation between LTC and BTC has yielded little. If anything, LTC prices are lagging and underperforming the Bitcoin markets. Nonetheless, traders are bullish, especially if LTC pulls above $55, trading higher in continuation of early this week's gains. Notably, a W-formation is clear in the daily chart, and prices are bound in the last leg up, aligned along the upper BB. Because prices are still within the October 25 bar, traders can look to buy the dips above the middle BB and $52, setting sights at $65. What to Expect from #LTC? Risk-off traders may look to double down on every retracement within the October 25 bar, reading from the daily chart formation. Ideally, if buyers come on top, the coin may surge 18 percent to $65. However, this forecast will tumble on optimists if LTC crumbles from spot rates, forcing LTC below the middle BB. Resistance level to watch out for: $65 Support level to watch out for: $52 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Litecoin Upside Momentum Fizzling, LTC Trapped in a $5 RangePast Performance of Litecoin Litecoin is wavy and within a bearish breakout formation. The immediate support and resistance lines are at $50 and $55, respectively. Per the candlestick arrangement in the daily chart, the path of least resistance, even in the short term, is bearish. #Litecoin Technical Analysis Currently, LTC prices are consolidating, printing higher highs relative to the lower BB. Even though this may be interpreted as bullish, the failure of bulls to follow through on the bear trend rejection mid-last week and even more rejection of higher prices after the double bar bullish formation of October 15 and 16 points to weakness in the trend. This preview could be explained by relatively low trading volumes in the past trading day as LTC prints lower lows in sync with the August 19 and September 18 bear candlesticks. Aggressive traders may unload on every attempt higher but below $55, targeting $45, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. Any eruption of price above $55 may drive LTC towards $65, or August highs, in a buy trend continuation formation. What to Expect from #LTC? Litecoin is bearish and edging lower lows in a bear breakout formation, aligning with the bear of August 19. Unless there are gains above $55, every lower low aligning with the lower BB may see traders liquidate, heaping more pressure on holders and forcing more liquidations toward $50 or even $45. Resistance level to watch out for: $55 Support Level to watch out for: $50 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Litecoin Printing Higher, LTC Buyers May Reclaim $55Past Performance of Litecoin Litecoin is overly within a bearish breakout formation, syncing with the general trend set in motion by Bitcoin. At spot rates, there is a welcomed revival. However, LTC prices remain in a trading range, bound inside a $5 range with caps at $50 on the lower end and $55 on the upper end. #Litecoin Technical Analysis As mentioned earlier, Litecoin is within a bearish formation, and buyers have yet to put a brake on the downtrend. Even though there are attempts, the failure of LTC prices to break above the $5 consolidation above $55, or even $65—marking September 2022 highs, place bears on the upper hand. Nonetheless, Litecoin remains within a broader uptrend. Yesterday's bounce from around $50 flashes with the 61.8 percent Fibonacci retracement level. A build-up from October 3 gains, lifting LTC above $55 may be the anchor for the next leg towards $65. On the flip side, losses below $50 cancel this bullish preview, possibly leading to a sell-off towards $45. What to Expect from #LTC? Litecoin is within a bearish formation, consolidating at spot rates. However, the trend could change if LTC expands above $55, building on yesterday's gains. Triggers may include a recovery in the broader crypto markets, especially BTC. Resistance level to watch out for: $55 Support level to watch out for: $45 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Litecoin: Upcoming Price ActionHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Litecoin (LTCUSD). The Litecoin chart is on a weekly basis to show the life cycle of Litecoin on this chart. Price was around $200 in December 2021 when I started sharing my concerns with the crypto market. I hope you took that advice seriously at that time, as Litecoin is now around $50-$55! The current price has broken below the S/R 1 line with potential to test S/R 2 line. Fibonacci Retracement shows the Golden Ratio (1.618) around the lowest level of support (see chart). On the positive side the Litecoin price has potential to resemble a prior cycle pattern move which could push the price higher. I don't want to get too excited yet as the Volume is decreasing however MFI seems to be moving higher. RSI has the chance to move back up to test the S/R line. Read the chart carefully as there are a lot of notes on the chart. Lastly, this is the weekly chart so have patience! Included: Fibonacci Retracement, RSI, MFI, Ichimoku Cloud, and 200 SMA, Volume, Volume Profile (VPVR). If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSD
by MillionaireEconomics
2
#Litecoin Bulls Firm but Capped below $58 and the 20-day MAPast Performance of Litecoin Litecoin is surprisingly firm, gauged from its performance in the daily chart. After steep losses at the tail end of last week, Litecoin bulls flew back, propelling the coin higher over the weekend. Presently, LTC is in the green territory in the past 24 hours and looks likely to reverse the losses of August 26. #Litecoin Technical Analysis LTC is up roughly seven percent from 2022 lows and in green in the past 24 hours. Even so, the coin is within a bearish breakout formation and trading below the flexible resistance line marked by the 20-day moving average. Immediate trigger lines are at $58 and $60, at around the August 19 high. On the lower end, dips below last week's lows at $51 may see LTC post more losses. Risk-aggressive traders may unload on every attempt higher with sights set at $50, or lower, as they trade with the primary trend. On the reverse side, conservative traders may wait for a clean drop, preferably with rising trading volumes, below $50, targeting 2022 lows at $40. What to Expect from #LTC? The coin is firm at spot rates. Depending on how prices react in the immediate term, August 26 losses may turn to be climactic if prices edge higher, breaking above $60 with expanding volumes. Conversely, Litecoin may swing back to trend if there are sharp losses, diffusing the bullish momentum posted over the weekend. Resistance level to watch out for: $58 Support level to watch out for: $51 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Litecoin in a Bull Flag, LTC May Close above $65Past Performance of Litecoin Litecoin prices are firm when writing, expanding with the rising tide. Although the coin is within a rising channel, there must be a clear breakout above $65 and July 2022 highs for trend definition. LTC is technically within a bear flag with price action anchored by the strong leg down of May and June 2022. #Litecoin Technical Analysis When writing, Litecoin is within a bullish breakout formation and within the July 27 and 28 bull bars. Since prices failed to drop below $55 and are anchored by the two conspicuous bull bars of late July, every low may offer entries for optimistic traders. This is because LTC is within a bull flag and bull bars, a mark of strength from an effort versus result perspective. Conservative traders can wait for a conclusive, high volume close above $65 and July 2022 highs before loading the dips, targeting $75. Any drop below $55 and this month's low would invalidate this bullish preview, throwing bulls into disarray. What to Expect from #LTC? Buyers appear to be in charge at spot rates. The coin is within a bear formation from a top-down analysis. Losses below immediate support lines and the current bull flag may see the coin sink to July 2022 lows. Resistance level to watch out for: $65 Support level to watch out for: $55 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Litecoin Bulls March Slowing, Resistance at $60Past Performance of Litecoin The uptrend is still valid, and Litecoin buyers currently have the upper hand despite earlier losses. As per the LTC candlestick arrangement, traders may find loading opportunities on every dip towards last week's lows at $48, with targets at around June 2022 highs at $65. When writing, LTC is up three percent on the previous trading week. #Litecoin Technical Analysis Litecoin bulls are solid, and the uptrend is defined when writing. Even though the drive higher is not rapid and participation levels relatively low, traders may buy on every retracement above $48. This level flashes with the 61.8 percent Fibonacci retracement level of the June 14 and 26 trade range. Based on this formation, traders can target $60 and later $65. Risk-averse traders can wait for a high volume break above $60 before loading with immediate targets at $65. On the reverse side, sharp, high volume losses below $48 will slow down buyers, and LTC may drop to $41 in a bear continuation pattern. What to Expect from #LTC? Buyers still stand a chance in the current candlestick arrangement.Despite losses in the Asian session, prices are within the June 19 bull bar, thus strengthening the long preview. Resistance level to watch out for: $60 Support level to watch out for: $48 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
LTC/USDT - Potential Short ScenarioHello Traders! LTC price continues to move within the descending trend. The downside phase is nearing completion. The culmination of the downward price formation will be the departure of the price under the support level of $39.30 We can consider medium-term purchases in the range of $29.50 - $39.30 Targets will be price levels of $63.00 and $83.00 Good luck, and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Short
by UnknownUnicorn10064030