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Why Litecoin will go up?LTCBTC will go up because of halving - this is very strong fundamental What is Litecoin Halving? Litecoin Halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 25 to 12.5 LTC in the next litecoin halving. The number of litecoin found per block will become more scarce and this halving reward ensures that litecoin total supply will reach 84 million. www.litecoinblockhalf.com This is one of the coins I use to pay for services or goods. that's why this coin is very popular and after halving the demand will be even greater
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by EXCAVO
27
LTC day chart reviewOne of the most promissing alts, among all the shitcoin parade, that has nice fundamentals for growth. Only 16 days left till halving. Lets take a look at day chart. Price already bounced from month support at ~9140 and now trying to breakout day SR and then week resistance at ~9666. Resistance at 10000 already rejected price once, so we may assume next target will be 10500. At 1H chart bullflag is nearly ready. If LTC fails to breakout bullflag now, it will drop to 8800 week support. Unlikely scenario, but have a buy order there as well, as it will be a fast spike down and up again.
Long
by WiseAnalyze
1
LTC long ideaLTC long idea. Buy 0.0076-0.0081 (daily 1D bullish OB) T1: 0.0105 (1st 1D bearish OB) T2: 0.0115 (2nd 1D bearish OB) T3: 0.0142 (3rd 1D bearish OB) Reasoning: C wave in a larger WXY correction. C wave is a zigzag 5-3-5 correction with an extended 1st wave correction. 1D bullish OB in the green box. there is 1 below it at 0.0071 which may also be a target. but since the USD version of LTC looks bullish af, i don't think we'll hit thta. Simple bullish divergence appearing on the RSI, slow and fast oscillators over 14 periods. medium strength signal.
Long
by EnZo
LTCBTC completed the gartley | Upto 78 percent profit expectedBy the grace of Allah the most high my previous idea of LTCBTC: Generated more than 32 percent profit. Now the price action has completed a bullish gartley pattern. We can see the price action is also in a wedge and it has hit the wedge's support. The volume profit is showing a very weak interest of traders at this area. We have also a 50MA support on week chart withing the potential reversal zone which will be very helpful for price action to hit the sell targets soon insha Allah. The targets are: Buy between: 0.011490 to 0.009465 Sell between: 0.013084 to 0.016912 Regards, Atif Akbar (moon333)
Long
by moon333
1
Litecoin/Bitcoin: Cup and Handle Or Double TopCurrently, Litecoin/Bitcoin looks like it could either be a cup and handle or a double top, in this idea, I will represent both possibilities. The Cup and Handle: In yellow, the cup and handle can be seen with the resistance at 17752 satoshis, it has a price objective of approximately 24908 satoshis derived by measuring the height of the cup. The to the handle resistance and the handle is noted by the yellow diagonal line. Although this looks very similar to a cup and handle pattern, this has strong reason not to be: first , the volume is highest at the bottom of the cup, where in a standard cup and handle, the volume is suppose to decrease as price decreases this is circled in light blue. Since volume is such an important factor to determining patterns, in most situations I would then assume the pattern is not valid, however, Litecoin has been one of the strongest cryptos so its possible for it to retest the neckline. The Double top: The bearish situations are represented by the purple lines, and it can follow the appropriate direction by retesting the resistance of the cup and handle by failing to cross it or it can drop from this point on. The volume better fits this, because there was a large rejection on the right side (the second attempt to drive through the high). However, it is also important to note that this is near historical resistance. Given that there is bullish news, it is possible that Litecoin will see the rally of the cup and handle, as for the moment, I am neutral on both outcomes. In addition, it is possible that this is a harmonic pattern, however, harmonic patterns are something that I need more time to develop.
by CuddlyCuddles
Litecoin updateFollowing the previous chart nicely. Updated with a "ridiculous FOMO wick" no one should chase. No sell target. I'm moving my Stop-Loss every day and letting this winner run. I'll be monitoring more proactively in late June. Speculative date of death first week of July which doesn't matter if your Stop-Loss is trialing by .001 -.0015 sats EX. If it reaches the ridiculous FOMO target of .04 Sats my loss will trigger at .39 ***Disclaimer*** Rookie Trader. Published for Journaling purposes.
Long
by UnknownUnicorn1997665
LitecoinHello everyone, Bitcoin has just reached $ 7,000 per coin and domination is 59%. According to the logic, in the near future there will be a transfusion of a part of bitcoins into other projects, in order to increase the number of bitcoins. After analyzing future events, I realized that the more likely scenario of money transfer will be LTC. There are several arguments 1. This is a Halving which will be August 6 www.litecoinblockhalf.com 2. Is this a statement by Charlie that lightcoin will be $ 1000 www.ccn.com 3. Litecoin is one of the oldest projects with a stable team to which I have and even other people of big interest.
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by EXCAVO
8
LTCBTC in priming for a breakout?We observe LTCBTC's first markup in a 3 part impulse wave, followed by a pretty dramatic 2 part correction wave, and markdown back to the 200MA (in red). It is a pretty solid double bottom on the 200MA to indicate a strong support level/indicator. This is followed by a rebound and flag consolidation at the converging 50MA (in green) and 100MA (in orange). Price action has also been very obedient to the Fibonacci Levels - trade set ups can be referenced from these levels for entries and exits according to your risk tolerances. The bullish scenario would be for a breakout from the flag breaking above the 50MA and 100MA simultaneously, in attempts to retest the 78% Fib level. This looks quite possible from the likely MACD cross - although you may want to be wary of a fakeout, as the shorter line (blue) seems to be tipping over, and the longer line (orange) has not seen a clean break. The ADX momentum is also weak, with very minimal DI divergence (regardless, both of these indicators are 'lagging indicators', and should not be your sole source of analysis). The bearish scenario, would be for a rejection of the 50MA and price action back down to the 200MA. It is however, unlikely for the price to fall below the 200MA as it would spell disaster. For those who pay attention to fundamentals and news, the Litecoin halving is just a couple months away, and sentiment is generally bullish.
Long
by gingerbre4d