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LTC 12h Sold out, it's time to move downLess than a month has passed since the previous LTC idea was published. There we indicated the profitable longs sale zone. Since the idea has worked out well , it's time to correct it on a shorter time frame. Therefore, we continue the series of LTC ideas, and all the previous ones can be viewed below in related ideas. The first LTCUSDT high last month was on 24 November at $94. The next attempt by buyers to renew the high was unsuccessful. The price stopped at $93 on 1 December. But the volumes were much higher. This suggests that sellers have taken control of the situation. In accordance with the above data, we rebuild the trend line and take it as a basis. Buyers will regain control of the situation if they can break and fix the price above $91. Everything below is in sellers' control zone. And below $71 , the fall may accelerate, with the first target of $51.50-57. _____________________ 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
3
LTCUSD completing final leg of BAT | Upto 29.5% expectedOn 4-hour chart, the price action of Litecoin is completing the final leg of bullish BAT pattern, soon it will be entered in the potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic BAR pattern should be: Potential reversal or buying zone: $ 70.44 to $ 67.57 Fibonacci projection or sell zone: $ 77.28 to $ 87.57 Stop Loss: The potential reversal zone area that is up to $67.57 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 29.5% and as per the above-mentioned stop loss, the loss possibility is 4.1%. Note: Above idea is for educational purpose only.
COINBASE:LTCUSDLong
by moon333
Litecoin |A pull back before the next rallyPreviously we have seen that the price action of Litecoin was expected to have breakout from the resistance of triangle. Now the price action has broken out the resistance and spiked beyond $94. On daily chart, the price action of LTC has found a strong resistance at $91 and formed double top at this level. The priceline has also good supports of exponential moving averages 10 and 21 as well. On daily chart, the price acton of LTC has also found a good up trend line support. Now the price action is moving down towards this support again. But in order to re-test the support breaking down of 25 SMS is must. The Other SMAs with the time period of 50, 100 and 200 are also moving up to provide the support to price action. On 4-hour chart, the price action of LTC is also forming a bullish Shark harmonic pattern. The potential reversal zone of this pattern starts form $78.73 and ends at $77.18. If the priceline will not take bullish divergence from this PRZ level then it may re-test the support of up-trend line on daily chart and from there it will start the next bullish rally. Conclusion: We have a very good supports of 25 SMA on daily chart and potential reversal zone of bullish Shark at same level. If these levels will be broken down then the priceline may move more down to re-rest the support of the trend line.
COINBASE:LTCUSDLong
by moon333
1
$LTCUSD - Cup and Handle and Inverted H&SHi guys! 👋🏻 🔔 Litecoin is about to break the resistance at $64, no success so far. 🔔 There are two patterns I'm currently tracking - Cup and Handle and Inverted H&S. 🔔 There are no significant updates and news related to Litecoin, except listing on Paypal, hence the price action is mainly related to speculation by traders and general crypto market sentiment. This is confirmed by the same parallel channel as on Ethereum. 🔔 What I really like about this channel is when Andrew's Pitchfork is applied, both Moving Averages 100 and 200 follow levels of the pitchfork, you can rarely see that on market, so I'm betting high on LTC. Nearest targets are on the chart. 🔔 If Litecoin actually fails to overtake the resistance, it will probably drop to the nearest support levels, which are located at $59.36 and $56.79. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:LTCUSD
by azizelliott
7
Get Ready For Next BreakoutHey friends, hope you are well and welcome to the new update on Litecoin. In my previous posts I have showed two movements of the LTC coin one was the bullish BAT on daily chart. Another was a big descending triangle on weekly chart. And as per prediction the price action finally the priceline took a powerful bullish divergence from the potential reversal zone of BAT and broke out the resistance of the triangle. This move was more than 56%. Movement in up channel: Now on daily chart the priceline has started its move in an up-channel. At the moment the price action of LTC has reached at the resistance of this channel. In the meanwhile, the price action has also broken out the 25, 50, 100 and 200 simple moving averages and using 25 SMA as good support. A new move in a symmetrical triangle on long-term: Now on long-term weekly chart the price action has started a new move in a descending triangle. The formation of this new triangle was started in Feb 2020. At the moment the price action has reached at the resistance. If the price action will not be able to breakout the resistance this time then it may retest the support of this pattern. The 50 SMA is already at the support therefore there will be less chances of breaking down the support level. However, whether the priceline breaks out the resistance in current attempt or after re-resting the support the next target could be $100 (as per measurement of tail of the triangle to the support and placing this measurement at the tip). Conclusion: We have very strong supports at the support level of the triangle, however, if you are trading LTC on short term then you can set your stop loss at the support of the channel on daily chart. And if you are trading this coin on long term then the stop loss should be set the support of the triangle and the 50 SMA on weekly chart. Because the support of this triangle is the basic market structure for the price action on long-term if it will be broken down then a long term- bearish rally to the downside can be started.
COINBASE:LTCUSDLong
by moon333
1
Litecoin breaks above long term trend line, will it reach $178?Looking at this weekly log chart we can see LTC has broken above the downward red trend line. LTC has also broken above the smaller lime green trend line shown where the lime green up arrow is. LTC has also moved above all the weekly EMA and MA indicators shown on the chart. On the RSI we can see where the red down arrow is that LTC will need to break above this yellow trend line to confirm the move upwards to the 0.618 fib retracement indicator shown at $99.61 on the actual chart. If LTC breaks the 0.618 fib level it should move up to the 1.272 fib level similar to BTC and ETH. This should put LTC at a price of around $178 if it breaks these levels mentioned. Just bear in mind this same resistance level of the 0.618 fib level at around $100 is quite strong shown by the light blue horizontal line. On the LMACD we can see LTC has been building up nicely shown by the lime green line and is now trading above the 0 level on the LMACD. On the below weekly chart you can see LTC will also need to break above the Gaussian Channel and the Ichimoku Cloud on it's way to the levels mentioned above. If LTC can close the weekly chart above these trend lines it just broke above, the above scenario should come into play. If LTC gets rejected at these trend lines, we could see LTC drop back down to the pink horizontal line of major support at $41.65 Overall the charts look highly bullish. Happy trading legends! HTBB Donations via TradingView coins will enable me to post more of my analysis with more information. Thanks in advance if you are a legend who donates.
KRAKEN:LTCUSDLong
by Pro_Trader_HTBB
14