$LTC has 2 scenario still doesn't matter are BTC.D 80% or 40% the alts still looking like $BTC chart and the behavior of Bitcoin will prejudge the break of this accumulation.
Liteocin
Litecoin Breakout??Litecoin is coming off of the corrective wave. It is not showing the momentum that ETH or BTC have exhibited, but litecoin rarely does. This is a nice bounce, but it is not showing the emphatic momentum of a breakout that we usually anticipate from cryptos. This is not a bad thing, because we need healthier growth to avert a bubble. Litecoin may dip again, but it should find support at $141, $130, or at worst, $117. All should be considered buying opportunities. It is much more likely that we will range at current levels, and eventually breakout again hitting $167 and $186 again. Our next targets for Litecoin are $194 and $207.
25.11.2020 - Litecoin (LTC / USD)Hi Traders!
Are altcoins in the bull market? Is Litecoin in the bull market? You have probably noticed a significant rise in the prices of cryptocurrencies in recent days. It's not just about Bitcoin anymore, but Litecoin, Ethereum, Dash, and others have gradually started to grow. Is this the right time to buy, or are we waiting for a decline?
Let's have a look at it step by step. In our opinion, we are already in the bull market. Of course, each cryptocurrency is a little different, but in terms of structure, Litecoin is already in the bull run. In 2018, we witnessed extreme growth, followed by a strong decline, and we have been consolidating to this day.
By crossing the trendline, LTC also started its bull run. However, this does not mean that it will only grow. Even in the bull run, it is quite common for the market to undergo a correction (even 30 - 40 %). The nearest strong resistance is at the level of USD 145. As we see that the breakthrough on Litecoine was really significant, a minor correction may come, but in the long run, it looks very good.
May the crypto be with you!
9.4.2020 Litecoin (LTC / USD)Hi Traders!
Today, after a long time, we will look again at Litecoin. If Bitcoin is referred to as digital gold, Litecoin is nicknamed digital silver. He's the smallest brother of Bitcoin and we'll go over his technical analysis today.
Litecoin has a similar graph to the other altcoins and bitcoin itself. As you can see on the 4H chart, its structure is very complex. Let's break it down into smaller pieces and say what we see on the chart.
First of all, we see the big white channel. So the chart is still moving in the channel and couldn't break down or up. Movement in the channels indicates that it is more of a corrective nature. Second, we see the ABC correction , which we could draw into three waves and then the triangle (the triangle is typical for wave B and the closing wave C).
We are approaching strong resistance and therefore we should be careful. We consider USD 46.85 - 48.76 to be strong resistance. At this level, there is 0.382 Fibonacci level of the whole decline, one to one extension and point resistance. Thus, three key levels overlap in this zone, which can prevent further growth.
May the crypto be with you!
