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Litecoinusd

LTC/USDT: Daily Breakout Analysis 1D (Aug. 01)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore Litecoin's daily chart in order to assess its breakout pattern and potential targets by identifying resistance zones and using the Elliott Wave theory. Analysis - To begin with, Litecoin has broken out of a bullish descending wedge formation, similar to EOS - Litecoin has been consolidating within this pattern for weeks before breaking out with immense bullish momentum - The Exponential Moving Average (EMA) Ribbon shows a golden cross as Litecoin broke out - Counting Elliott Waves, we can see Elliott Impulse Waves (12345) leading up to the descending wedge - Within the wedge pattern, it consolidated in Elliott Triangle Waves (ABCDE) - Having broken out from the pattern, it's anticipated that Litecoin would form bullish impulse waves once again - While the trend is extremely bullish, there are some concerns as well - Litecoin faces major historical resistance around 63.13 USDT - The Relative Strength Index (RSI) is also extremely overbought - The Moving Average Convergence Divergence (MACD) shows decreasing bullish histograms as it looks to potentially form a death cross What We Believe While the outlook on Litecoin remains bullish, based on current technicals, a small corrective wave is highly probable, considering the steepness of the rally. However, we believe that the bullish trend will remain intact, given that the degree of correction is not too severe. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
2
LTC/USDT: A Slow and Steady Uptrend 1H (Aug. 01)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we explore Litecoin's hourly chart to assess its slow and steady uptrend, as well as significant support and resistance zones. Analysis - To begin with, Litcoin is trading within an ascending parallel channel - Prices are hovering above the 20 Simple Moving Average (SMA), which is located above the 50 and 100 SMA consecutively - There is strong support at 57 USDT, and 55.85 USDT - Given that prices remain intact within the ascending parallel channel, we could expect a continuation of the current uptrend. What We Believe Just as many other altcoins, Litecoin is on an extremely steady rally, looking to potentially break through new highs. Technicals on the shorter time frames show signs of a steady yet bullish trend. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
LTCBTC will tank again before sharp riseSomeone asked me if I could do an LTCBTC analysis, and here is my view. LTCBTC has been historically on the decline. Ever since LTC was created, it kept falling behind. At first it was the number 2 coin after bitcoin in marketcap, but it has been replaced by other coins. And since LTC unfortunately does not have very unique features, I think this trend will continue. So now that BTC starts its historic rise to 100-200k, what will that mean for LTC? We will see a small rise now, but as BTC really picks up steam later in the year and early next year, LTCBTC will tank again. LIke it did during the last two rallies. It will make new lows. I looked at the historic chart all the way back to 2012, in LTCBTC it just keeps getting lower and lower, unfortunate, but that's how it is. So now, we'll probably make a new low in the next 6-12 months, before the usual super sharp altcoin pump rise at the height of the bitcoin rally. Hope this helps!
Short
by SebastianofMoon
18
Litecoin: A story of boring accumulation Litecoin has by far been one of the worst coins this year. I am 100% sure that this will melt faces once this goes off, but not before it has eliminated everyone who lost patience with it. As you can see ever since the crash of March, Litecoin was the first to recover in the following few days which shows that there was more panic and investors jumped first to get hands on dirt cheap Litecoin. Ever since, we have just been juggling inside that Green Accumulation box. As I see it, any price within this box is golden, and once we break out of it we should eventually visit three targets: $64, $80 and $108. This represents fair value to me. Then we should see another round of boring accumulation or distribution which would enable us to judge what to do with our investment.
BITFINEX:LTCUSDLong
by TheDigitalStonks
LITECOIN BREAKOUT|STUCK IN THE RANGE? Litecoin has had its own breakout against the dollar, just as every other asset, as the DXY is falling like a rock. However, as this breakout is universal, that means that it is a sign of the dollar weakness, not a sign of any particular strength of any asset per se. That means that as soon as the dollar finds its bottom, Litecoin, having broken the resistance, might have a chance to get stuck in a range outlined on the chart. Currently, following the range logic, the decline might proceed till the first minor support. Then LTC either bounces to retest the resistance, or the support fails and we get to see how the green line stands. A possible long near the support line, a certain long at the green line, possible short at the red line. Always try to wait for a confirmation. Thank you for reading, like and subscribe and have a nice day.
KRAKEN:LTCUSDShort
by ProSignalsFx
2
Don't miss the great buy opportunity in LTCUSDMidterm forecast: . While the price is above the support 22.50, beginning of uptrend is expected. . We make sure when the resistance at 50.65 breaks. . If the support at 22.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. . While the RSI uptrend #2 is not broken, bullish wave in price would continue. . A trough is formed in daily chart at 41.30 on 07/16/2020, so more gains maximum to Major Resistance (50.65) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 67. Total Profit: 22 pip Closed trade(s): 0 pip Profit Open trade(s): 22 pip Profit Trade Setup: We opened 11 BUY trade(s) @ 47.49 based on 'Valley' entry method at 2020.07.25. Open Profit: Profit for one trade is 47.51(current price) - 47.49(open price) = 2 pip 11 trade(s) still open, therefore total profit for open trade(s) is 2 x 11 = 22 pip Take Profits: TP1= 50.65 TP2= 56.05 TP3= 63.35 TP4= 74.35 TP5= 84.60 TP6= 104.45 TP7= 118.80 TP8= 146.55 TP9= 196.55 TP10= 237.40 TP11= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITSTAMP:LTCUSDLong
by ForecastCity
22
Litecoin (LTC) Reached At The End Of Triangle For Big Move SoonHey friends hope you are well and welcome to the new update on Litecoin. In my previous article we have seen that the LTC formed a bullish reversal BAT pattern and entered in the potential reversal zone. Now the priceline is moved up from the potential reversal zone and it has produced more than 12% rally so far. The priceline is bounced from the support of the channel: Since 16 July the priceline of LTC was moving sideways at the support of an up channel. After starting the bullish move from the potential reversal zone of BAT pattern the priceline has also bounced from the support of this up channel and likely to move up to the resistance of this channel that is almost at $50. If we switch to the weekly chart then it can be seen that the price action is moving in a very big descending triangle and it is being rejected by the resistance of this pattern since Feb 2018. After being rejected in the month of Feb 2020 the price action has again bounced from the support of this triangle and moving sideways. If we take a closer look on the chart after placing the volume profile indicator then the price action is moving around a point of control of volume profile. Now if it will be continuously moving around this point of control level then priceline of Litecoin can leave the triangle without breaking out or breaking down. However, after leaving the triangle priceline of LTC can use the resistance of the triangle as support as it will be above the resistance level of this triangle. And after successful re-test it can start a big upward move. Conclusion: On the daily chart the price action has moved up from the potential reversal zone of a harmonic pattern and also took bounce from the support of an up channel. Therefore there are more chances that the priceline of Litecoin will breakout the resistance rather to break down the support. However, we can use the support of the up channel on daily chart as stop loss because if it will be broken down then the price action can move more down to re-test the support of the triangle that has been formed on the weekly chart and that support is at $33.5.
COINBASE:LTCUSDLong
by moon333
Litecoin slow clime will speed up as it breaks resistance! The litecoin RSI is gaining strength and momentum as the price has stayed in a consolidation and slow climbing price channel since the March drop. In my opinion its very undervalued against almost all coins right now. As soon as it breaks the first resistance point it will start heating up into years end. The time to buy is now, then sit back and watch it climb. The resistance and support lines have been drawn for you. Each time it breaks one expect it to go to the next one while holding on the previous one. Trade potential. 120% to possible 200-300% Keys to this trade>>>>>>> Patients! *Markets are a tool to take money from impatient hands and put it into patient ones*
KRAKEN:LTCUSDLong
by WeAreSat0shi
LTCUSD has bounced from the supportHey guys and gals hope you are doing well and welcome to the new update on Litecoin. In my previous post I was expecting that the price action has completed the final leg of bullish BAT pattern. But the final leg retraced little bit more down up to 1.281 retracement level and changed its pattern from BAT to bullish Crab pattern. After entering in the potential reversal zone pirceline moved up by 15%. Previouse post: Current Crab move: Finally priceline is moving up from the support of channel: The priceline of Litecoin has also formed in up channel after the mid of March 2020. And since 26th of June the priceline was moving at the support. Now finally the price action has started upward move and likely to make another attempt for the break out. Descending triangle and volume profile: If we switch to the long-term weekly chart then LTC coin is also moving in a descending triangle. After taking bounce from the support on 9th of March 2020 the price action is moving at the centre of this triangle. After placing the volume profile on the complete price action moving within descending triangle we can get the reason why the price action is moving at this level. And it can be clearly observed that the point of control of the volume profile is at this level. Therefore the priceline is moving around this point of control. However, if we watch the trader’s interest as per volume profile then it is at $85. Therefore it will be easy for the priceline to move up to this level. And in order to reach at this level the price action will need to breakout the resistance of this triangle. Conclusion: As the price action has already bounced from the support of the descending triangle and also has taken bullish divergence from the potential reversal zone of Crab pattern. Therefore we can expect that the priceline of Litecoin can make further upward move to reach at least up to the resistance of the triangle. However, we should set our stop loss point at the support of an up channel that is formed on the daily chart. Because if it will be broken down then priceline can start a downward rally.
COINBASE:LTCUSD
by moon333
1
Litecoin may finally catch upIf you remember the recent crash, you would also remember that Litecoin was one of the main "Large-cap Altcoin" to bounce very strongly. Ever since then it has been rather laggard. At the moment we have an interesting situation with LTC and it presents a trade. We are currently moving inside an ascending triangle on the Daily Chart which I expect to play out in order for this trade to be successful. Entry: 46.91 SL: 41.11 Target 1: The Yellow downtrend trendline (Take 25% off here if in case we encounter strong resistance there. Move SL to entry. Target 2: 68.14 Close the remaining position here. I suppose it will be a fast ride if we break through the downtrend line. This is my swing position for this month. I will update if we reach targets or hit SL. Cheers and Good Luck!
BITFINEX:LTCUSDLong
by TheDigitalStonks
LTCUSD a bullish reversal pattern is appearedHi friends hope you are well and welcome to the new update on Litecoin. The LTC coin is again at the support of the channel therefore in today’s post we will try to see whether it will break down the support or not and what the price action can do next. Harmonic moves with consistency and continuity: In my previous article we have seen that on the daily chart the priceline of Litecoin Is forming different harmonic patterns with consistency and continuity. 1st the price action formed a bearish Butterfly then the priceline of LTC formed a bullish BAT and after the completion of this bullish BAT the price action fromed another bearish BAT pattern and now the price action has again formed another bullish BAT pattern. At the moment the priceline is moving in the potential reversal zone since 11 June 2020. But we should set the potential reversal zone as our stop loss strictly because if the PRZ level will be broken down then the price action can move more down to form bulish Crab pattern. The support of all SMAs are broken down: If we watch the different simple moving averages with the time period of 25 50 100 and 20. Then it can be easily seen that the priceline of Litecoin has broken down all the simple moving averages and has no support of any SMA below the candlesticks. Therefore I would repeat again that we should take care of our stop loss and you can set your stop loss point at the maximum extent of potential reversal zone of BAT pattern. Movement in up channel and EMAs: Since mid of March 2020 price action is moving in an up channel and during this movement it is using the exponential moving averages with the time period of 10 in 21 as good support. At the moment price action of LTC has broken down these two exponential moving averages but having a strong support of up channel. If this channel will be broken down then a new bearish rally can be started that will take the price action more down. On the long term weekly chart I am waiting for the formation of bull cross between 50 and 100 simple moving average. If we take a look back at 2016 to 2017. Then after the formation of the this bull cross if a strong bullish rally was started that led the price action to $370. And this is the highest price ever. A bull flag between 50 and 100 SMAs was formed in Feb 2020. And after this cross we witnessed a powerful bullish rally in that month. But that cross was formed above the price action the difference between this bull cross and the previous cross is the previous bull cross between 50 and 100 simple moving averages was formed blow the candlesticks but current cross was formed above the candlesticks. If we want to see a powerful bullish move like we have seen back in 2017. Then we need this cross below the priceline. At this time the distance between the candlesticks and moving averages is very small. Therefore at anytime price action can cross up the moving averages and we can see a bull cross formation below the candle sticks. Conclusion: Even though the distance between the moving averages and the candlestick on weekly chart is very small but this is a fact that at this time the priceline has no support of any moving average on the daily chart. Therefore we should take care of our stop loss. However the BAT formation can save the priceline to break down the channel. And if the price action will take the bullish divergence from the potential reversal zone of the BAT then the price action can move up at least up to the resistance of the channel and that is at $50.
BITFINEX:LTCUSD
by moon333
1