Litecoinusd
LTC USDLTC has broken the median of the first channel reference on old chart below. It has also broken above purple resistance. Price expected to hit median of larger channel around previous ATH and likely experience a pull back. Long term target is still top of main channel.
**Disclaimer: I am not a professional. This is not financial advice. Trade at your own risk. I am merely sharing my thoughts.**
LTCUSDT Look Bullish!LTCUSDT (4H Chart) Technical Analysis Update
Waiting for the Resistance Breakout
LTC/USDT currently trading at $245
Buy-level: Above 248 (only buy if 4h candle closes above 248)
Stop loss: Below $216
Target 1: $275
Target 2: $300
Target 3: $325
Target 4: $350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Litecoin to 320.00?I’ve been obsessed lately with the Fibonacci tool and now it’s telling me Litecoin's next jump will be to $300-$320. Based on 1.618 line. And the fact we are currently testing the resistance area from our prior high makes me feel like we might see it soon..Thoughts?
Thanks for your time!
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Litecoin, LTC/USDT - go go goThe coin has been forming a triangle for over 2 months. I like to trade it. I expect for entry point after retest. Keep in mind this coin.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Describing Litecoin TrendsPpl have asked ()litecointalk) when is the best time to buy Litecoin.
I tried to explain without drawing, but I think I did not explain as good as I could do drawing.
"More important than the price is the trend itself. LTC is still consolidating the up trend and have been doing so since September 2020.
Right now, LTC will face two resistances to climb, ~245 (previous high) and ~375 (ath).
If you are willing to buy now, you should be aware that even if the price reaches as low as ~165, ~153 or ~112, the trend is still going up. So, don’t panic sell because this means you are loosing $.
A good strategy is to wait for the price to climb the previous high before you go in. So when it passes 245, the resistance line will become the support line. Wait for the consolidation on the area (~250) and than calculate your strategy.
For example:
Price is about 250.
Your stop-loss will be bellow 244.90 and your target 360 (around ATH 375 where the bears will short sell).
Remember, it will take time for this to happen."
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.
X marks the SPOT - LITECOIN hits a bullseye on its way outAn important moment for LITECOIN as it reaches FIB level 1.6, AND the possible top trend line AND crosses MACD. It's just ANDing all over the place! It's just hit a bullseye, and is ready to move. Looks like a little mini U dipping in and out from the line. Look for another strong candlestick and then go long onto the NEXT LEVEL BABY.
Remember, if you were right and I was wrong... That makes you a better person.... Okay, I admitted it.. GEEZ
LTCUSDT Symmetric triangle formationLTCUSDT (Day CHART) Technical Analysis Update
Waiting for the Symmetric Triangle Breakout
LTC/USDT currently trading at $203
Buy-level: Above $215 (only buy if the 4H candle closes above the symmetric triangle)
Stop loss: We will update once we see the breakout
Target 1: $240
Target 2: $275
Target 3: $300
Target 4: $350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
LTC - 6h. The loss of $183 will lead to a sharp drop to $140In the previous idea, we expected a test of the $ 196 mark:
The boring price movement within the triangle showed us where the liquid range to buy is. We are talking about the price of $170-175 . This range sustained the first hit on February 22-23, when the LTC price fell non-stop.
Please note that this range did not stop the total decline in LTCUSDT, but it slowed down significantly. The importance of this price range is also confirmed by a new wave of growth that began on March 5. Only after buyers managed to take control of the $170-175 range and test it at low volumes, a 30% increase in the LTC price began :
On March 25, buyers were again tested for strength. However, the $170-175 retest passed without much enthusiasm from the buyers. The new wave of growth began rather sluggishly and now the LTC price is near the critical point.
If we analyze the LTCBTC chart on a weekly timeframe, the reason for the slowdown in the growth of the LTC price becomes clear:
Stopping the growth of the BTC market and the fall in the price of LTCBTC has a bad effect on the price of LTCUSDT. Therefore, it is the new upward impuls e of the LTCBTC pair that can significantly revive the LTC price and help it get out of the upward triangle.
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LTC - Incoming Wave 3 Peak?A study of Litecoin in the daily logarithmic chart, and its Elliott Wave formations. I point to the similarity in Wave 1 breaks after a bullish MACD cross, where price rises rapidly after scaling the 0.5 Fibonacci projection line.
What do you think? Are we running for a double top with the All Time High in 26 days or less?
LTC - 4h. New test range of $208-215?As early as 2 weeks ago, a local downward trend began on the LTC market , which successfully corrects the previous wave of growth from February 28. Unsuccessful attempt of buyers on March 15 to gain a foothold above the range of $208-215 ended with the activation of sellers. In fact, for 5 days, the LTC price consolidated below the $208-215 range before starting a new downward impulse.
The main struggle in the LTCUSDT market was fought around the mark of $195 and $215 . In the previous idea, we indicated that if buyers keep $ 193-195, they will be able to break through $ 208-215:
The mark of $195 also played a key role on March 24th. It was after a weak test by buyers of this range that the LTC price fell by 13% in a few hours.
Thus, sellers managed to test the range of $170-175. At the moment, the LTC price is moving in a local channel of decline. The critical point for sellers is at $ 187. If buyers manage to take control of this mark, we will expect a re-test of $208-215.
However, in our opinion, in order to start a new wave of growth, buyers need to pass the test again in the range of $170-175 . In a negative scenario, the price of LTCUSD will continue to move in the white channel of decline. Therefore, it is worth closely monitoring the re-test of $170-175 and making decisions.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
[30 Mar] Litecoin Retesting Y2018 Price LevelLitecoin's BULLISH strength remains as we managed to see several crucial rejection followed by a strong BULLISH climb. As of now, I am expecting a breakout in price level from its recent top (yellow circle). Having said that, I am eyeing a 361.8% fibonacci movement while taking note that there is a strong resistance level @277.45 price level. At which, I believe that there will be some BEARISH pressure on Litecoin. If we managed to see a clean breakout of that level, I am expecting Litecoin to skyrocket (breaking its all time high).
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