Litecoin has massive pump potential LTCUSDon the LTCBTC chart the 1.618 fib level is a point of interest, where price will likely be rejected bullishly with aggression
As has been observed in the past
On the USD pair a Golden cross has been recently observed, the previous golden cross on LTCUSD led to the ATH
Will we see ATH this year? likely.
Deathcrosses in red, golden crosses in green
(1) is a comparison point of very similar price action
Litecoinusd
Red Alert 🔴 Descending Triangle broken fall upto 31162, 30029Hello Everyone,
Already said in previous post 32700 low is very crucial for Bulls if broken this whole recent structure will be invalidated.
Now if we break 🔴 with the force 32230 fall up to 31162, 30029 not ruled out.
Stay tuned as always for any fresh updates. Give a Thumbs Up 👍
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Common Bullish Advancement StructureAIONUSD and LTCUSD are both sharing a similar bullish advancement structure.
This is a common one for Litecoin with a similar pattern appearing before the massive move to ~300 in 2017
I will link the chart below
I have seen this structure across many coins, a good sign?
Litecoin Golden CrossSimilarities in price and indicators can be seen between now and late 2017
Late 2017 price dipped and touched briefly the .618 fib level
Now the price has dipped touching the 1.618 fib level
In both situations a golden cross was present
This leads me to believe a nice run is coming for Litecoin within the year
Buy while its cheap!
LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.
Litecoin - Time To Start Scaling In?Litecoin has been my main focus throughout this bull market in cryptos.
Let's zoom out on the COINBASE:LTCUSD chart. You can see the rising wedge pattern that I've been covering for the past 6 months or so had a decisive break down around mid-May. This was our flashing "sell signal." But as you can see from the arc structure, this bull isn't done running just yet.
Where are we today? Yet another Elon tweet about Bitcoin sends all cryptos lower - for now. But as you can see on the chart, price is very close to a brick wall of support. Not only is the edge of the arc currently sitting right around $140, but we also have the 50, 100, and 200 day moving averages coming in as backup. Don't be surprised if within the next few weeks, Litecoin decides to take off like a rocket ship and bring price back towards the top of the arc around $325-$425. However, one thing I will also be watching for is a break below the arc, which would signal the bull is taking a rest for now. Although that scenario is highly doubtful, should that happen, I'll be on the sidelines for a while waiting for my signal to get back in.
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More Litecoin LTCUSD / LTCBTCLTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong
LTC short most likely scenarioIt is very rare for any pair on financial markets for sharp movement to not carry on the same direction.
... this short consolidation should take a little and pair should exit channel the same direction it entered it which is down...
I tried to illustrate most possible outcome
This chart is sharing similarities with BTC XRM ETH to name few.
LTC - 6h. Buyers need to keep the range $158-168The protracted consolidation in the LTC market is coming to an end. Before the consolidation, 2 unpleasant events happened. Unfortunately, buyers were unable to keep the boundaries of the trend channel, in which the price moved from December 23. In addition to the trend line, buyers lost an important range $220-230 , from which the LTC price began a new wave of growth and renewed its high.
On the positive side , however, buyers have managed to maintain control over the range of $158-168. This price zone saved the LTC market from February to April. It is this fact that gives buyers a great chance to continue the price rollback to $220-230. In the short term, this is our main target.
Globally, the range of $220-230 may only be the first stop on a buyers journey.
By holding the price zone of $158-168, buyers will secure themselves a medium-term price vector with a target of $280 . It is in this mark that the future fate of the LTC market will be decided.
The main task of buyers at the moment is not to lose control of the market over the weekend. Well, let's see how they do it on Monday.
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LTC, Litecoin - the first goal is...Preconditions for growth:
- accumulation zone 172 - 186
- squeezing to the resistance line
- false breakout on the resistance line
- after that moving up (it means that for someone it's important to go up)
The first goal is 210. With SL.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade