#LTCIt is located in an ascending channel, which with the swing that attacked the resistance in the daily time, it can continue its growth after a pullback up to the specified areas, and after breaking the ceiling of the short-term channel, this growth will continue up to the daily and weekly supply area.
LTC
LTCN Litecoin Grayscale Trust LTCN is about ready to pop. The inverse head and shoulders measured move would bring it to around $10 then a small correction before a massive rally to $35 and beyond, all depending on what Litecoin does. I believe Litecoin will be thousands of dollars in the next bull run as its is one of the very few that are not securities and are commodities. If that happens and Litecoin goes parabolic to 2 3 4 $5000 dollars then the Litecoin Trust will explode. There could be a massive premium at that point to making one share of the trust cost $7000 or more. 1000x-2000x totally possible. Litecoin is poised for a massive rally I believe. Its going to outperform every single other crypto out there this next real run. Besides maybe your random dog coin that could go up 100000000% but as soon as someone cashes out $5 the price drops by 60%. But for real I think this is a good play.
This is definitely not financial advice, this is just what I think and my opinion. Do your own research and so what is best for you. Thank you.
LTC - Litecoin coils up for Mini CycleHi Traders, Investors and Speculators of Charts📈📉
Litecoin has gone through an extended accumulation phase, and by looking at previous examples of macro cycles on LTC, next up is most likely another upward cycle.
Previously, LTC went straight from bearish cycle into a mini cycle. But this time, we went straight from bearish cycle into accumulation phase, indicating that a mini cycle may likely be next before we hit the parabolic bullish cycle. In other words, MINI CYCLE and ACCUMUATION PHASE has swapped around this time after the BEARISH CYCLE.
There's no indication on the chart of a definitive move into an upward cycle just yet, thus I'm expecting a few more candles of accumulation / range trading.
It's important to note that during the mini cycle, the price can increase AND decrease substantial amounts. The price usually decreases back close to the starting point fairly quick after the increase. The mini cycle also lasts much longer than the parabolic bullish increase cycle:
These are the parts of the cycle we are waiting to repeat, with MINI / MID CYCLE coming up next, followed by more accumulation, followed by the parabolic bull cycle :
You'll know when it's around time for the parabolic increase phase when another Bullish Cross is observed on the LTC Market Cap :
Another great way to watch out for that serious bull run cycle is when LTCBTC starts to trade closer towards the white trendline and even above. Consider that the phase has ended again when LTCBTC candles lose the white trendline:
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CRYPTOCAP:LTC BINANCE:LTCUSDT BINANCE:LTCBTC COINBASE:LTCUSD
Dogecoin(DOGE): First Bounce After Nice Drop? We are back with Doge coin, which has a very nice rejection from the upper resistance zone as of now, leading the price towards a lower support of $0.09113.
With that being said, we see that the price has had a volumetric bullish movement, which can lead the price back to the upper resistance zone. We are looking closely for market price movement, and once we see the price back near the upper resistance, we will be shorting it again with a much bigger size!
ltc preparing for massive breakout seems like getting ready for solid recovery
so far consolidating in multi year symmetrical triangle and expecting breakout soon incase of successful breakout expecting massive recovery in midterm
expecting move towards 250 to 300$ in coming months incase of successful breakout
LiteCoin(LTC): Breakout Or A Nice Bounce??As LTC is trading inside the ascending channel, the price is moving slowly towards the lower line of this channel. From here we have two possible scenarios to play out:
Plan A: Upon reaching that trend line price will find a nice foundation and will have bounce to upper trend line!
Plan B: Price reaches the lower trend line and has a nice breakdown with a re-test, which should lower the price towards that support box area!
LTC/USDT 4hInterval ChartI invite you to review the LTC chart on a four-hour interval. As we can see, the price, with a dynamic movement, broke the local upward trend line at the bottom.
When we unfold the trend based fib extension grid, we can see that the price has retreated to a strong support zone from $70 to $67, however, if this zone is broken, we may see further declines towards the support level of $60.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the first resistance should appear at $75.65, and then we will move towards the resistance zone from $79 to $81, and then to the resistance at $84.58.
The CHOP index indicates that there is energy to make a larger move, the RSI indicator shows consolidation and a small rebound, while the STOCH index, despite a strong move, did not give a large price increase, which may limit larger increases.
Bitcoin(BTC): Stuck Inside FVG - Major Drop Incoming!!!Third Day: After a nice drop we had on BTC, the price has not shown any significant support or volume near the current zone, where the price is stuck inside the FVG zone and gliding slightly above the middle line of the Bollinger Band.
Today we are going to have a very volatile day with all those news stories, which we think will push the price finally for one last attempt towards FWB:48K , where we want to see the start of that major drop that we have been waiting for.
We still have a lot of FVG zones to reclaim in the lower zones!
🔥Litecoin Is The Top Underperformer: Let's See in 4 Weeks❗️Litecoin is the underperformer among the top altcoins. OP, AVAX, SOL, INJ are already skyrocketing.
It's very important to note, that close inside the channel will be a strong bullish signal. If it not happen, the price will go down to the key local.
💥 The 2 local bull targets are on chart. Let's print!
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LTC/USD Secondary trend. DownlinkSecondary flow. Logarithmic graph. Term 3 days.
Main trend. — an ascending channel in which a huge butterfly is forming (part 2 is being formed)
Secondary trend is a downward channel.
Local trend in the secondary trend—wedge-shaped clamping of the price
Coin in coinmarket : Litecoin
The same options. Line chart.
Main trend
LTC/USD Main trend. Halving. Cycles, The psychology of repetition.
This butterfly. Logarithm. Deadline 1 week. I have shown one more variant of its formation in case of violation of its dynamic support.
Litcoin Bull pressure increases, $84 coming? LFG!Buyers of LTC are presently encountering robust resistance around the $76 range. The upward pressure from consistently maintained higher lows is evident, suggesting bullish momentum. However, it would be prudent to anticipate a potential pullback once the price hits $78 and reacts to the minor resistance. Despite the likelihood of a reaction, there is a probability exceeding 60% that the bulls could persist and drive the price to the range of $82 to $84.
LTC/BTC Litecoin Bitcoin Chart Looks So BullishLitecoin is retesting the top of the channel/falling wedge that it broke out of about a year ago today. As long as LTC can stay above this then I think we are about to rocket up in the LTC/BTC and LTC/USD pairs. Litecoin is really about to catch fire and take off. Hold through the FUD and shlt talk about Litecoin. Litecoin is about to swallow everything above it on coinmarketcap including XRP! This is not financial advice this is just my opinion.
I did a LTC/USD chart analysis as well. I will link it below
RESPONSE TO WITHOUT WORRIES LTC/USD ANALYSISThis is just a response to Without Worries LTC analysis where I can post pictures because I was unable to on his post. I really like WW he is a fantastic trader and analyst and chartist. I just disagree with his current position on LTC. I believe there is more to LTC than just TA. Fundamental analysis is important here and Ill explain below.
Thank you for your chart and analysis. Possible it breaks down that hard but definitely not probable especially with the SEC suing everyone and their brother for securities sales etc. Litecoin is one of only 4 cryptos allowed in USA for institutional and accredited investors because of its regulatory clarity. I follow the big money and big money has access to it along with 3 others. Baakt added it last month, might not seem like a big deal but its just getting ready for the inflows of capital from the big players as they have been for a few years now, quietly in the background while no one is looking waiting to see what regulations come out. Also EDX Markets is an institutional cryptocurrency exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial and Sequoia among others. The exchange offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash. Litecoin hasn't had any real developments in a little while but its not dead by any means. It serves its purpose, the updates and upgrades happened over the last ten years. Its not a new crypto with a bunch of flaws and exploits, those kinks were ironed out a long time ago. The saying goes dont fix something if its not broken. Bitcoin hasn't had an update or upgrade in a long time either does that mean its dead? No it doesn not, so the argument of its dead because no developments is a moot point. Fundamentals matter in this case because of how young this crypto market is compared to the rest of the traditional markets. Its just starting to get wrangled in now, so the wild wild west days are over. Pretty soon the USA will shut down all exchanges in the USA except for 2 and the rest of the world will follow. One for the average person and one or two for institutions and accredited investors. Institutions and accredited investors will not touch this with a ten foot pole until there is clear regulation. Dont believe me? Look at what they did to Binance and CZ, in a totally different country. The USA has very long tentacles and what it does the rest of the world follows voluntarily or forcefully. CZ thought he was an untouchable billionaire but all it took was a week and he caved, without a fight and gave up billions in fines and stepped down because its a losing battle against the USA. Right now like I mentioned above SEC and CFTC have seen LTC and 3 others as a non security out of a million cryptos out there, that matters more than anything in my opinion. Im not saying that its impossible for Litecoin to go to zero or dump as hard as you say but that would mean that BTC also dumps down to 10k and the traditional markets dump as well. It would be a global dump not just Litecoin. Im not betting on that right now but anything surely is possible.
Also as a response to your trendline, please see below. A trendline has lots of wiggle room and many different ways to draw it.
Going Long LiteCoin to 81Traders,
I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2.
None of this is fin advice of course. All purely for your entertainment.
Stewdamus
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted.
Target one will be $89.
Target two will be $96.
This is not fin advice.
Best,
Stewdamus
LTC ☁️ Downtrend, Time to Sell? A bullish sun 🌞 shines over most of the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling further upside for cryptocurrencies. Binance Coin and Litecoin buck this positive trend with cloudy, bearish trading conditions ahead, ATTMO shows. ☁️
Over a one-week horizon, the sunny 🌞 upward trend will persist, although the price gains are likely to be smaller. Ripple’s XRP, Polkadot, and Uniswap will face bearish clouds over this longer time period. ☁️
Follow us for more crypto weather reports!
Litecoin (LTC): Multiple Selloffs = Potential Downward MovementRecent price movement that has not been able to break above the downward-sloping resistance (upper side of triangle formation) line or fall below the local support area (lower side of triangle formation) shows that markets are getting weaker!
Recent trading sessions have been characterized by multiple sell-offs, suggesting that bears may be gaining strength. However, the lack of a clear break below support keeps the door open for potential reversals. We are looking for a possible break below the support zone around $68.71, which could confirm a bearish movement and initiate a move towards lower support levels, potentially around the $60.50 area.
Conversely, if bulls manage to push the price above the resistance line, it could overturn the bearish scenario and potentially lead to a test of higher resistance levels.
Poised for a Potential RiseLitecoin has established a distinct trading range, delineating clear support and resistance levels. The asset is currently navigating within this range, and has developed a notable demand zone. This zone is pivotal as it may induce a bullish reaction, potentially propelling the price upwards. Presently, LTC is oscillating between these established bounds, and a strategic approach would involve monitoring for a decisive breakout or breakdown from these levels.
Notably, LTC has recently interacted with its support level, suggesting the possibility of an upward trajectory towards its resistance threshold.
This situation warrants a vigilant assessment of price action for potential trading opportunities.
This analysis is for informational purposes only and should not be considered as financial advice.
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution.
On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly.
If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown.
Support levels: 71.09, previously broken resistance, 66.13
Resistance levels: 72,30, 73, 74
Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart.
BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL
Regards, R. Linda!
LTC Litecoin Price TargetIf you haven`t bought the dip on LTC:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is LTC Litecoin.
I've set a short-term price target for LTC Litecoin at $63.40.
Looking forward to read your opinion about it!