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Litecoinusdt

LTCUSD consolidating for a potential breakout move...Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either direction. I've actually converted my LTC holding into another coin as LTC seems like it's going to be outpaced by other coins. Of course I may be wrong and LTC could explode to the moon but I'm going with my price action analysis here and live with whatever the results may be... :)
COINBASE:LTCUSD
by thedailychartist
LITECOIN - Intraday Update - 12/11/20 (Short-term) LITECOIN - Intraday Update - 12/11/20 (Short-term) Outlook : Expecting LITECOIN to recapture its $93.159 high and beyond. Breaking above $86.970 ; is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $93.159 signals the second wave consolidation is complete, and the move puts LITECOIN back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note: Prices can vary between LITECOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITFINEX:LTCUSDLong
by ferGOD
1
Litecoin, likely scenarios?Hi Community! Here is my take with Litecoin. I think it will move up to the upper descending resistance of the triangle at about 91$. If price breaks it and switch it to support, price can continue upwards. If not, it will go back to the lower resistance at approximately 75$. This is the idea of someone who is still learning. Comments and feedback are most welcome. Happy trading! ------------------------------------------------------ Needless to say, this is not financial advice!
by BitfulMind
LTCUSD another short-term pullback before the next rally to $200Hi friends, hope you are well and welcome to the new update on Litecoin. The price action has bounced from the trend-line support: In previous article we have seen that the litecoin was moving down to the support of an up-trend line and this trend line is formed since 20 Oct 2020. And we were expecting a bounce from this trendline after this pullback. Now finally the price action has taken another bullish divergence after reaching at this support. Another successful harmonic move: In the meanwhile, I also shared another chart with you on 9 Dec, where I told you that the price acton of LTC is completing BAT pattern on small time period 4-hour chart. Now the priceline also has taken bullish divergence from the potential reversal zone of this pattern. Good supports of moving averages: Currently on daily chart, the pricelne of Litecoin has strong supports of 50, 100 and 200 simple moving averages. After current pullback, the price action has also used 50 simple moving average support to move up. At the moment the price action has bounced successfully from the 50 SMA and breaking out the 25 simple moving avearege. A symmetrical triangle and an expected short-term pullback: On daily chart, the price action has formed another symmetrical triangle. At the moment the price action is at the end of this pattern and likely to move down to re-test the support of this triangle after getting rejected by the resistance. There is also good support of 50 simple moving average below this pattern. Therefore, we can expect a breakout after a pullback to $75. Long-term support and resistance levels: On the long-term weekly chart, different support and resistance levels can be seen. At the moment the price action has the support at $60 and recently rejected by $90. After $90 the $100 can be also another psychological resistance. Then the next resistance levels can be found at $110, $140, $170, and then $230. However, the $200 can be another big psychological resistance level. Conclusion: Litecoin has very good supports of simple moving averages and the support of the triangle as well. There can be another short-term rally to the downside upto $75 to re-test the support. In long-term, there are no significant resistance levels after $90 and $100. Therefore once the priceline will manage to cross the $100 level, then in a very short time it can reach to breakout $200 resistance as well.
COINBASE:LTCUSD
by moon333
1
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
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
LTCUSDT breakout and re-test of 57.00 underwayLitecoin closed last week above 57.00 so I'd consider the breakout confirmed at this point. Also observably relatively performing well under recent volatility. Hence, I'm bullish right now and would buy this re-test if I see a nice bullish candle today. As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance level at around 64.00. Furthermore, a monthly close above 57.00 definitely improves the odds for the bulls (IMO) of a noteworthy rally in the short term. Let's wait and see! Check out the weekly chart below:
COINBASE:LTCUSDLong
by thedailychartist