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(LTCUSDT chart)
(1D chart)
While trading futures, there are times when you need to check the big picture movements.
That's when a trade doesn't go well or when a big uptrend is expected.
Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point.
This roughly means that we need to consider whether we can hold it during the 52% uptrend.
Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend.
If you hold it, it is expected that you will have to overcome two major crises.
1st: 78.47
2nd: 90.43
We need to check whether the price will rise in the 1st and 2nd areas above.
(1h chart)
It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator.
However, now the HA-Low indicator has been touched again.
Therefore, we can see that we have reached a trend reversal section.
Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range.
If not, there is a high possibility that it will turn into a downward trend.
However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position.
If the price rises above 64.92 and holds, the target range is around 67.35-67.18.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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LTC
Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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CryptoCheck
LTC/USDT Review ChartGoing further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying.
At this point, it is worth marking the first and current second attempt to return above ema cross 20o to the upward trend, which has been rejected at this time.
After unfolding the Trend Based Fib Extension tool, we can mark the first support zone from $64.86 to $62.94, then we can mark the second zone from $59.85 to $57.66, and then strong support at $54.84.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance zone from $66.70 to $69.17, only when it is broken we will see an attempt to attack the resistance at $72.30.
The CHOP index indicates that most of the energy has been used, on the RSI we approached the upper limit, to which the chart reacted with a price recovery, while the STOCH indicator indicates that currently the energy needs to recover before the price increases further.
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57.
Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70.
Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
LTC☀️ Ahead - Slightly Bullish Market; Yet, 🌧️ Week for Crypto Clouds and rain ☔ forecast for the global crypto market in the next 24 hours and week as bond yields surge to decade highs. Bearish sentiment looms for crypto coins.
Litecoin and Chainlink, however, bring a glimmer of ☀️, hinting at a slightly bullish trend.
Follow us for more crypto weather reports!
LTC/BTC ~ 4-years channelPlan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon
Target > ~ 0,010 - 0,013
Time > ~ 5-8 months (april-july 2023)
P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market.
But look how perfectly the channel worked.
I think that we will still test it, as a correction, before the moon.
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The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$)
The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40).
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I don't think the bear will last long, it may take a few days or hours to resolve.
Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan.
Keep abreast of the market
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on.
First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating.
The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it.
So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind:
1) Bitcoin, did not finish the final candles.
2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low.
3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty.
What's next?
1) The red channel is over, that's understandable
2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece.
3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL.
PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth.
<--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) --->
Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end.
So let's buy it for $40... or $140.
Not long left waiting!
LTC/USDT 4H Chart ReviewI invite you to review the LTC to USDT chart also on a four-hour interval. At the beginning, we can use the blue lines to mark the downward trend channel in which we move along the lower border.
Let us now move on to determining supports for the LTC price in case the current correction deepens and here we can notice that we are at the support level of $59.12, but if we break out of it below, the next support will be at $55.99.
Looking the other way, similarly using the fib Retracement tool, we can determine the resistance areas that the price must face. And here we see that the first resistance zone is from $61 to $63, then we have the second zone from $64 to $66, then resistance at $68.18, and then strong resistance at $70.69.
The CHOP index indicates that the energy has been used up and is slowly growing, on the RSI we exceed the lower limit, which may end the current correction or slow it down, while looking at the STOCH indicator we see that the energy is running out, which can also give us a moment of rest before further movement.
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
LTC: Support BreakoutLitecoin (LTC) technical analysis:
Trade setup : Following a bearish breakout from a Channel Down pattern, price has now also broken below $65 support zone, resuming its downtrend. That support area held up recently in August but also in March and Dec 2022, thus its significant sign of weakness to see that level broken. Price could revisit $50 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $65, which it broke, then $50. The nearest Resistance Zone is $75 (previous support), then $100.
Recent Trends and Key Support LevelsOver the course of the last month, Litecoin (LTC) has persistently followed a declining trajectory within a short-term channel. This downward movement has notably coincided with a surge in selling pressure across the broader market. This alignment of factors has led to a significant breach of the channel's bottom, effectively breaking through a support level that was previously deemed sturdy at around $66.
In addition to this breach, an examination of the chart reveals that even when considering the presence of an ascending channel, the lower boundary of this channel has been breached as well. This dual breach prompts us to carefully assess the current situation.
In light of these developments, there are two primary courses of action that traders and investors should contemplate. Firstly, we may opt to patiently await a robust resurgence in Litecoin's price that brings it back within the confines of the channel. Alternatively, we could also consider the possibility of the ongoing downward trend persisting, potentially leading the price towards the support level situated around $41.
It's important to note that this $41 support level carries significant importance, as it possesses substantial potential for a strong market reaction. In such a scenario, demand for Litecoin could surge, possibly reaching its highest point in this specific price range.
In the short term, we anticipate Litecoin's price to exhibit a trading range, oscillating between the resistance formed by the previously broken channel's bottom and the support zone around $56. This range-bound movement signifies a period of uncertainty and consolidation in the market, as traders assess the evolving dynamics of Litecoin's price within the context of the broader market conditions and prevailing trends.
PROFIT: Finding TRADES on RED WEEKSHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. On the charts, we're looking at:
CHEWY NYSE:CHWY
Spot position, anticipating trading back up towards the gap. +17% , low risk high reward trade
WALT DISNEY NYSE:DIS
Spot accumulation, potential for +153% increase. Very low risk and high reward setup
TESLA NASDAQ:TSLA
Long from trendline support, anticipated +28%, medium risk high reward setup
LITECOIN BINANCE:LTCUSDT
Short to next support zone, +12% medium risk medium reward setup
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend.
A major resistance is waiting around 64.5$
If LTC breaks this resistance successfully then we can expect a decent upward movementum.
I'm planning to enter a LONG position after a successful breakout with a tight stoploss.
Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits.
Stoploss is must!
Follow us for more updates.
Cheers!
Is Litecoin hinting at an upward move? Long trade #4Historically, in previous years, the price of Litecoin was one of the first to start a growth trend globally and at the same time one of the first to correct.
If the previous sentence has aroused your interest, you can check out our previous ideas on the LTCUSDT ticker, where we described it in more detail and showed it on charts.
So, let's try to assume that the painful correction of the LTCUSD price is already over, which means it's time to grow. Therefore, we suggest a long trade for LTC on the following conditions:
Enter = 66.51
Stop = 63.97 (-3.9%)
TP = 80.24 (+ 20.6%)
P/L ratio = 5.4
Traditionally, we allocate $10,000 for this trade . In the event of a mistake, we will lose $390. If the trade works according to our scenario, we will receive a profit of $2060.
What do you think of this trade, and what is your vision of the Litecoin market? Write about it in the comments!
LTC Fractals : Unlocking the Power of Repetition 📊🔁ŁGreetings, fellow traders! 🚀 Let's delve into the captivating world of fractals – a concept that reveals the art of repetition in trading patterns. Today, we'll explore the phenomenon of the Double Bottom pattern on the Litecoin chart. Brace yourself for insights into the power of fractals in forecasting market movements.
🔍 Understanding Fractals: Picture fractals as the echoes of patterns across different time frames. Just as nature exhibits patterns that repeat at various scales, trading charts also showcase fractals – smaller patterns that resemble larger ones.
📉 The Double Bottom Tale: A Double Bottom is a classic bullish reversal pattern. It consists of two distinct troughs at nearly the same price level, forming a "W" shape on the chart. This signifies a potential trend reversal from bearish to bullish.
🔄 Fractal Repetition: Here's where fractals come into play. A Double Bottom pattern on a smaller time frame can mirror a larger Double Bottom pattern on a higher time frame. The repetition of this pattern underscores the market's inclination to follow similar dynamics.
🚀 The Power of Recognition: Identifying a Double Bottom pattern on the Litecoin chart can offer insights into potential price movements. A successful breakout above the pattern's neckline could signal a bullish momentum.
💡 Insights for Traders: The concept of fractals teaches us to look beyond the surface and recognize patterns that repeat across time frames. Understanding these echoes can equip traders with enhanced analytical skills.
Litecoin rejected from $70- where to next?After the LTC halving the coin has been in a strong downtrend. The previous bounce on 29 August saw the FVG partially filled. Fib extension levels showed the $60.31 and $43.4 levels are the next downward targets that Litecoin could reach in the coming months
Entry: $70.7 (mid-June low)
Take-profit: $56 (17 August low but LTC could drop much lower)
Stop-loss: $75.84
R:R- 2.79
#LTC when to Short?LTC dumped pretty much after Halving.
Currently its in the range.
We may expect some bounce from current price level. But will it reach the resistance levels (red lines) that I mentioned on the chart - big question.
Anyways here are possible scenarios:
1. LTC bounces until 73$ where it faces W FVG where we may expect bear reaction. In this case possibility to 46$ support level increases
2. LTC breaks through 73$ resistance and comes to another resistance at 82 - 86$ and eather we see bears reaction is can be bearish divergence on LTF or bearish candles. And in this case coin may go lower back to 73$ which will stand as support.
3. LTC breaks below 73$ support and it may lead the coin back to 50 - 60$
4. LTC breaks above 86$ resistance, would be nice to see retest of that level and in this case the coin may go higher.
LTC/USDT Technical Analysis 1HThe LTC/USDT pair, based on the provided indicators, appears to be in a moment of indecision with a slight bearish slope. However, the price above the 50-period SMA and the RSI indicate that there is still no clear long-term direction.
The price is currently at 65.45 USDT with a trading volume of 47.56 LTC. At first glance, this volume appears to be relatively low, which could indicate a period of consolidation or a lack of clear decision by traders.
RSI(14): The RSI is at 49.15, almost in the middle of the 0 to 100 range. This indicates that the market is clearly not in an overbought or oversold zone and shows neutrality at the moment. periods indicates a medium-term upward trend.
Supports and resistances follow
Main support levels : 65.28 / 64.21
Main Resistance Levels: 65.62 / 65.81
TRADE ALERT - LONG LITECOIN (LTC)Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106.
A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now from a technical standpoint, little Litecoin looks to be oversold. You can see on the RSI chart below that every time we hit that ascending red TL, we popped for a gain of at least 50%. Every. Time. Thus, probability here remains largely in our favor just from this one indicator.
Now follow that black vertical line up the chart. You will notice that it intersects with our candle today which lies directly on strong support (red TL) from December of last year.
Could we break below these major trendlines I have drawn on all my charts and get stopped out? Well yeah. Of course! But I like my chances here.
This is not financial advice. Just showing you all what I am doing here.
Best,
Stew