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Litecoinforecast

LTC/USD - THIS ONE HAD NOT SEEN BLUE SKIES YET...Technical Overview: - LTC/USD SMALL TIME FRAME ANALYSIS: Technical Perspective: Price had created a "resistance" which hold a lot of liquidity this is a magnet for the Devils as market makers seek this $$$ Let's keep it simple 🥂 Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
KRAKEN:LTCUSDLong
by FlyDownX
6
LTC/USDT - potential 36% setupHello, Traders! As BTC dominance continues to fall, we can expect the altcoins to continue rising with updates to the highs. After a significant correction, LTC continues upward movement. It is possible to connect to the upward movement in the range of $259 - $270. It would be appropriate to place a stop loss at $234. Fibonacci levels are the targets for a continuation of upward movement: $282 $326 $353 Good luck and watch out for the market! P.S. This is an educational analysis that shall not be considered a financial advice
Long
by UnknownUnicorn10064030
4
Litecoin's Track to $1500 Brief Analysis + Prediction of Litecoin vs USD Summary It's been 3+ years since LTCUSD touched an all-time high of just over $420 on Coinbase (Bitfinex chart shown here for length of price history). Some have even began to describe Litecoin as an 'old' or a 'boomer' coin, although these claims often come from the inexperienced, uneducated and likely soon to be complaining traders. Highlighted on the chart here, we see that the journey LTC has taken since its ATH of $420 in 2017 is not the first trip its taken in an overall market cycle. As shown on this chart, In 2013-2017 we experienced something just as similar, and almost too similar that its eery seeing the route repeat itself, almost to the exact day-count. I've added in the '1' '2' '3' numbers on each peak in mark-up phase as illustration of the 'corrections' we experience in the price climbing process, although note these may have been done prematurely on my end, as in the former cycle, the price mark-up was completed after the previous ATH had been crossed, with LTC then being in price discovery when that took place. In the event I am early on that, I'd expect 3 more mark-up style pumps/consolidations that occur before the blow off the top to an even higher level than the $1500 I'm outlining here. That said, notice the highlighted above you will notice the additional prediction of price movement I've added, simply by copying the exact route from 2017, as to what may happen once the current ATH is challenged, presumably later in June or July of 2021. Ultimately, to think the same amount of time yields the same results, is only an estimate. Fundamental analysis also suggests LTC's price should be significantly higher in respects to its relationship with Bitcoin, as one could argue that 4x the supply designates 1/4 the price expectancy. That said, suggesting LTC reaching $15k (with a $60k BTC) would taken any way other than seriously. Hence the 'conservative' estimation that we see a repeat of the cycle/market top from 2017 with a price near $1.5k should she go parabolic. Surprisingly, this is also supported and on the conservative side when calculating the ATH of LTCBTC, with a $75k BTCUSD price.
Editors' picks
BITFINEX:LTCUSDLong
by kingthies
48
LTC on the verge of a 30% run!!Litecoin has been having amazing days recently with explosive moves up! We are currently sitting above the 1.6 FIB level and i think if we can hold this level and close todays daily above here we are looking even more bullish! we have little to no resistance holding us back and a move from our 1.6 to 2.6 FIB is aprx 31% and IMO very likely. We are starting to see the EMA ribbons push up and open carrying us with bullish momentum, remember litecoin in the past altseasons/ bull cycles has been one of the top performers and even outperformed bitcoin 1 year. Our zero lag MACD has been going sideways and reversing multiple times, as of right now we look bullish and we will want to see our Blue stay on top of the orange, the histogram is starting to print a few slight green bars and i'll want to see once again a hold and daily close above the 1.6 FIB and some bigger confirmed movement on the MACD. The RSI is overbought and starting to slightly come down a little bit, it would be ideal for us to get a good close tonight and then we could see our RSI come down and recover and us testing the top of the 1.6 FIB before we continue up. We could see a couple days of sideways action before our next move up. NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
4
Litecoin $LTCUSD Long Term Target PTs 350-600 and higherLTC/USDT Litecoin (LTC) flipped the breakout level at $246.96 into support on April 11 and 12. This reignited buying from the bulls and the altcoin resumed its uptrend on April 13. The next target objective to watch on the upside is $307.42. The 20-day EMA ($227) is rising and the RSI is close to the overbought territory, suggesting the bulls are in command. However, the long-legged Doji candlestick pattern today shows indecision among the bulls and the bears. If the price slips below $255, the LTC/USDT pair could drop to the $239 to $246.96 support zone. A strong rebound off this zone will suggest the bulls are accumulating on dips while a break below it could drag the price down to the 20-day EMA.
BINANCE:LTCUSDLong
by UnknownUnicorn19246015
1
Litcoin $LTCUSD Target PTs 280-200-265-220-340Charlie Lee Proposes Merged Mining of Litecoin and Dogecoin Apr 8, 2014 at 4:42 p.m. EDT The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that’s not good for litecoin or doge, according to Charlie Lee. On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security: “Litecoin’s security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%.” What does ‘51%’ mean? When Lee refers to this 51%, he’s talking about a ‘51% attack’, an exploit that could be made possible if a miner or a pool could take control of over half of a cryptocurrency’s network power. Bitcoin Foundation Chief Scientist Gavin Andresen has a brief post on his blog outlining what such an attack entails. Essentially, it means that block transactions could end up being controlled without the consensus users expect from these networks today. Litecoin’s hashing power over the past three months. Source: Liteshack Mining is an important distributed method for confirming transactions, but it ultimately costs money to do so in equipment, electricity and time. So, the reality is that scrypt miners point their mining rigs to the coin that they think has the highest potential for profit. As miners have become interested in dogecoin at the expense of litecoin, this has meant that there is less hashing power growth in LTC. However, at 174,000 total MH/s for LTC versus 71,000MH/s for doge, litecoin is still a much more powerful network. Merged mining In the past, dogecoin had been retargeting only every four hours. This meant opportunistic miners could move to other scrypt-based coins and cause difficulty to be misrepresented as a test of that network’s hashing power. In order to prevent this, the difficulty retargeting now happens during doge’s block generation, which is roughly every minute. This has helped to better secure dogecoin’s hashing power and made it less volatile. Dogecoin’s hashing power over the past three months. Source: Liteshack The idea of merged mining two independently successful coins is a colorful concept. “Merge mining only affects mining and nothing else,” Lee says in his post. In addition, he tries to allay the fears that litecoin and dogecoin could become tangled with one another rather confusingly – a problem that could affect the technical and mainstream communities around both. Says Lee: “ doesn’t merge the blockchains, the clients, economics of the coins, the dev team, or the communities. All it does is make it so that you mine both coins at the same time, and secure both coins at the same time.” Hard fork Lee’s idea is to ‘hard fork’ dogecoin in order to allow for merged mining. At least one of the coins would need to do so for the idea to work. And the ideal coin to fork is dogecoin, according to Lee: “This can be accomplished by a hard fork in either coin. You’ve likely seen my take on why hard forking litecoin is too dangerous today. Not so for dogecoin.” Dogecoin was hard forked in March, as users were required to update to the 1.6 version of the client that added features such as a four-hour maturing period for mined coins. Jackson Palmer, one of the co-founders of dogecoin, believes that litecoin’s size could make a fork quite difficult: “As for the fork, they have a larger market cap and hash rate, and are hence more scared about getting 51% of their users to update to a new version.” Speculative assets Cryptocurrencies exist in a unique predicament, as most aren’t used for anything other than speculation. Litecoin is accepted by some merchants, including those using GoCoin, a payment processor. But dogecoin’s success has been because of microtransactions on reddit, not because of merchant acceptance, mining or trading for profit. It is fundamentally a transactional currency for tipping on reddit, something Palmer ideally wants to continue focusing on: “Essentially, I don’t think merged mining is the answer for dogecoin right now. It’s less than five months old and to say that anything needs to be done right now comes down to pure speculation.” Would merged mining help to maintain both litecoin and dogecoin? Probably, but the two currencies are in such different stages that it might be better to let each thrive in its own way. Added Palmer: “Brashly changing algorithms, merged mining and all other solutions I’ve been presented with are simply band-aids to the fact that a currency requires active use and demand to succeed.”
COINBASE:LTCUSDLong
by UnknownUnicorn19246015
1
LTC 1D Pattern "Cup with a handle" or continued growth?We would like to bring to your attention a global idea on the chart of the LTCUSDT pair This instrument has a long history of trading and makes it possible to see how this pair has been trading since mid-2013. In our opinion, the price of LTCUSDT is approaching the critical level of $285, in the area of ​​which one of two scenarios may begin to be realized: 1) It can be assumed that the global pattern Cup with a handle is forming on the chart. In this case, having reached $285, the price may start a rather deep downward correction. A tasty buying area for an investment long can be considered $90-125 2) In case of breaking through $285 upwards, and consolidation from above this level, we can consider the scenario of a powerful rocket to the moon. First, ATH breaks of $365-370, and then you can start the dream of growth to $785 Still, in 2014-2016, LTC was called silver, which will go right after the gold BTC, but then ETH appeared and something went wrong ...) To the pluses of the 2nd scenario, you can add what we see on the LTCBTC chart (It's a pity that the BTC-e exchange no longer exists, it had the longest trading history) So, on the chart, there are weekly candles, and they have been moving downward in a clear channel for the last year. They were close to refresh the all-time low but received a strong upward momentum. In case of a possible breakout upward and the continuation of the movement along a given vector, we can expect another +100%, because it is there that the first powerful liquid zone is located. Well, let's see if "there is life in the old dog yet" named Litecoin Will it be able to at least partially repeat the growth trajectory as in 2017, when LTCUSD made x100-x200 from $2-4 to $370 in a year. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
35