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LTC/USDT 4H Interval ReviewHello everyone, I invite you to review the LTC chart on the four-hour interval. As we can see, the price is moving below the main downtrend line, while locally we can see that the price is moving sideways from the local downtrend line. Let's start by marking the price support points and we see that we first have strong support at $53.39, but if the price goes lower then we have another support at $44.74 and then a strong support zone from $37 to $31 $. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently fighting resistance at $66.59. There is still resistance at $72.97, once price breaks it it will move towards resistance at $78.28, and then it has to break through the strong resistance zone from $83 to $91. The CHOP index indicates that there is a lot of energy for the upcoming move, on the RSI we see an increase towards the middle of the range despite very little price movement, while the STOCH indicator is moving in the upper part of the range, which may affect the price drop in the coming hours.
by cryptodailyuk
🔥 Litecoin Huge 5-Year Head & Shoulders: Prepare For Dump 🚨Recently I've made some analyses on LTC and its halving. In every analysis I compared LTC's post-halving price action in history and came to the conclusion that the LTC halving is a sell the news event, see below. For the foreseeable future I'm quite bearish on LTC, but even more bearish on the LTC/BTC pair - it will lose value against BTC. I'm waiting for LTC to break below the neck-line of the H&S pattern. Target at the 2018 lows, stop around 50$. Be patient for the break out.
Short
by FieryTrading
37
LITECOIN's Post-Sell-Off Potential:Navigating the Crypto Storm..Capitalizing on Crypto Chaos: Litecoin's Post-Sell-Off Potential The cryptocurrency world experienced a sudden seismic shift yesterday as Bitcoin's abrupt plunge sent shockwaves rippling through the entire sector. This downward spiral was set into motion by a Wall Street Journal report that SpaceX, a significant proponent of the digital currency, had marked down its Bitcoin holdings for 2021 and 2022 by a staggering $373 million through cryptocurrency sales. The markets responded with a frenzied overreaction, prompting a wave of sell-offs across the retail sector. However, a closer examination reveals that SpaceX's actions had been taking place quietly over the course of the past two years, rather than being a sudden decision made yesterday. The sharp and swift selling frenzy can be attributed to a temporary loss of confidence stemming from the perception that one of Bitcoin's staunchest backers was now heading for the exit. While it may seem logical for Bitcoin's value to continue sliding, as other blockchain projects have long been offering features that Bitcoin either couldn't fulfill or chose not to, the chain reaction of this sell-off has created an unexpected silver lining: excellent buying opportunities. In the midst of this cryptocurrency chaos, Litecoin emerges as a beacon of promise and a potentially lucrative long position. The highly anticipated halving event, which has historically led to substantial rallies, defied expectations by triggering a 10%+ sell-off. Yet, this unexpected response can also be seen as a sign of the maturation of the crypto sector. A deeper look into Litecoin's long-term fundamentals reveals its potential as a game-changer in the world of cryptocurrency. It encompasses all the necessary elements required to disrupt traditional fiat transactions. Moreover, Litecoin has managed to carve out a significant adoption rate within a plethora of high-growth, high-value industries including gaming, sports betting, digital peer-to-peer payment processing firms, and globally recognized brands. The aftermath of the post-halving sell-off is where the real opportunity arises, amplified by the aftershocks of Bitcoin's tumultuous trajectory. While short-term volatility is expected as bulls and bears lock horns over the next move, those who dare to venture into Litecoin's waters during these times could be rewarded handsomely. History provides a compelling precedent: the LTC/USD pair has a history of rebounding with vigor following extreme sell-offs. Over the last six weeks, the LTC/USD price plummeted from its previous heights of $114+ to below $56. However, this downward trajectory seems to mask a more bullish outlook than what the market has seen in recent years. Despite the one-day slump triggered by Bitcoin's turmoil, the forecast for LTC/USD remains cautiously optimistic, with the potential for a turnaround that could defy current pessimism. As the crypto market grapples with uncertainty and Bitcoin's reverberations continue to be felt, Litecoin appears poised to prove its resilience and potential as a rewarding long-term investment. In these tumultuous times, where opportunities emerge from chaos, Litecoin's path might just be the one leading to significant gains for those willing to navigate through the storm.
by FOREXN1
18
SasanSeifi 💁‍♂️LTC 👉12H🔻 77$ / 70$ Hey there! As you can see from the 12-hour timeframe, there's a corrective trend going on right now, with the current trading price around $81. I'm kinda expecting the price to adjust down to the $77 liquidity zones. To get a clearer picture, it'll be interesting to see if that support range holds up, right? If it gets a good confirmation around that price, we might see some positive fluctuations. On the flip side, if it doesn't hold up, we could be looking at further corrections possibly down to the $70 range. Let's keep an eye on it! Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
by SasanSeifi
8
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market. LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day. This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00. As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold. the index is tracking at 18.21, its weakest point since November 2018. The price has since moved away from earlier lows and is currently trading at 64.80. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
LTCUSDT support and resistances for high time frame tradesThe price hit the monthly support MS1 and bounced from there. It is currently trading above the monthly support MS1 and currently consolidating in price range around 64. This is kind of no trade zone for high time frame. All the high time frame resistances and supports are marked on the chart. A long is favorable if the price taps into the monthly support MS1 again. On the resistance side, first it will face 4h resistance 4HR1 around 73.5-75.5. That will be a level to short but not the best one. Next resistance level is daily resistance DR1 around 81.5-84 which is a better level to go short. Above that there is a weekly resistance level WR1 sitting around 91-94 offering the best shorting or offloading any long. For short term trade opportunities, we should look at lower time frame charts. If requested, I will look at low timeframe trade setups and share in a separate post.
by angela_altair
4
A Deep Dive into LTCUSDT Price Floor💎In our recent analysis of #LTCUSDT, we noticed a daily break surpassing the resistance, signaling the first bullish nod. However, post-breakout, a steady decline in price emerged, prompting us to question the validity of the uptrend. Let's delve deeper into this correction to gauge #Litecoin's potential upside. 💎Initially, the price rebounded impressively from the 23.6% Fibonacci resistance at $104.47, when marking the first pullback of the downturn. Since then, a descending wedge pattern has been forming on the daily chart. The real intrigue unfolded recently when the price touched the 241.4% Fibonacci retracement level and bounced back sharply. Concurrently, #LTCUSDT tested the wedge's lower boundary, and the MACD oscillator showcased a bullish divergence. 💎These signs strongly hint that #LTC might have located its bottom and is gearing up for a potential long-term bullish journey. Yet, for our astute Paradisers, diving in now might be premature as the price is still encapsulated within the wedge. A definitive bullish confirmation would be a breach above the downtrend trendline, likely igniting significant buying activity. 💎Currently, the ParadiseTeam is meticulously observing the demand zone between the psychological threshold of $70 and the $72.5 Fibonacci support. If this zone remains resilient, the bulls might gear up for some exhilarating moves, and rest assured, we'll be right there with you. Stay alert, Ladies and Gentlemen of ParadiseClub!
Long
by MyCryptoParadise
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product of two potential outcomes. 1. BTC declines while LTC remains flat. 2. LTC gains while BTC price remains flat.
Long
by BallsOfSteel32
LTC/USDT Big Movement Incoming ?? Litecoin Today Analysis💎Hello Paradisers, here's a token to keep on your radar! 💎LTC might be gearing up for a retest around the $81 mark before potentially diving further and breaking its demand zone. This area isn't just a demand spot for LTC but also a bullish channel's support. 💎However, the key is to observe the daily candle close. If LTC concludes its daily trade beneath the bullish channel's support, it might swiftly descend, shattering the demand and heading toward the Bullish OB. 💎It's essential to note Bitcoin's influence on altcoins. Currently, BTC seems poised to dip towards the FWB:27K -$28k bracket, coupled with a rise in BTC dominance. 💎This isn't a great moment for altcoins. When BTC drops and its dominance surges, altcoins typically face a downturn. 💎My advice? Exercise patience and await clear signals. However, if LTC manages to hold its ground within the demand and bullish channel support, consider a buy-only post-LTC's breach of the Lower high at $85.5 and a subsequent close above it.
by MyCryptoParadise_Nathan
A big breakdown looming?Litecoin is again catching our attention as it is approaching the lower bound of the pattern we introduced in late June 2023. If the price breaks below the lower bound, it will be bearish for LTCUSD in the short term, and we could see a further breakdown in the price. In such a scenario, we would not be surprised to see it drop below $70. As a result, we are on high alert. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:LTCUSDShort
by Tradersweekly
18
LUNC USDT Luna Classic BEWARE OF RISING WEDGE BREAK DOWN LIKELY Luna Classic has been losing steam and interest over these last few months. Its been in the rising wedge pattern which is typically a bearish pattern and a continuation of the downside. LUNC utility and security is just not there, the price was blowing up because of all the hype and thats all. Hype is dying down as well as the volume at an all time low. I hope for LUNC holder that this scenario will not happen but I believe that LUNC is about to fall off the map. If Bitcoin starts its parabolic rise there may be a small bounce in LUNC but it will be erased quickly and people will sell to get into other assets in the crypto market that actually have utility and security. LUNC died back when it went from $100 to under a penny. That was it, its never going to get to the targets people were saying, $1, $.10, $.01. The market cap is already way to high for what LUNC is. I used to believe the hype myself until I realized that this thing is dead. I took profits and put them into other projects that are actually working on utility and safety. I wish all LUNC holders the best of luck but the chart looks horrible and its about to break this rising wedge and tank to the downside. This is not financial advice this is just my opinion. Thank you
Short
by Bitgolder
11
Litecoin Macro outlook vs USDI've been seeing lots of LTC, hopium bullish into the halving, tweets. Well, the reality is that when the 12 and 21 EMAs cross to the downside on the weekly chart, it tends to be very bearish for Litecoin. Arrows are presenting those crosses, and you can see the downside that happens after the crosses happen. On average, the downside is 58%. That would mean that Litecoin could bottom somewhere around $25-35, if the cross happens. Usually, Litecoin's pre-halving pump tends to be over 3–4 months before the halving(the halving is happening in August), which is another indicator that LTC topped. But there will be sunshine after the rain. Those lows would mean that LTC hit the generational bottom, and at the same time, the BTC pre halving hype will start. That is when Litecoin and Bitcoin tend to proceed into a multiyear bull market, which will be led by Litecoin. Follow, like the idea and feel free to leave a comment. Check out other ideas if you like this one.
BITSTAMP:LTCUSDShort
by Trader_CD
1
LTC : Likely Repeating 2020 Fractal 📈Hi Traders, Investors and Speculators of Charts📈📉 LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves. We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally. While you're here 👋 Check out this idea on CRV : _______________________ 📢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 CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
Long
by CryptoCheck-
39
LTC/USDT 1D Review Chart Hello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel where the price is moving in the lower range. Moving on, we can move on to marking support areas when the correction begins to deepen. And here in the first place we have a support zone from $77 to $69, then we can see a drop to the second very strong support zone from $56 to $40. Looking the other way, we see that the price first has to break the resistance at $87.31, then we have a strong support zone from $98 to $114, once we break it we will move towards the resistance at $134. Please look at the CHOP index which shows that most of the energy has been used, on the RSI we have a rebound and we are moving in the lower part of the range, however on the STOCH indicator we can see that most of the energy has been used which may stop the current correction.
by cryptodailyuk
LTCUSDTThis is a 1D frame analysis for LTCUSDT After reaching the third resistance zone, the price was unable to sustain above it and started to decline. We are currently seeing the price fluctuating around the support zone and expect it to break the first resistance line and move to the next resistance zone. Be aware that if the price fails to move above the first resistance line, we should expect it to move to the next support line. However, if it is able to sustain above the resistance line, we can run a flag pattern. We can see a positive outlook in this timeframe.
Long
by MarsSignals
3
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC. Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward. Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario. However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price. We described more about the LTCUSD price movement after the halving here: Therefore, we have a critical level of $79. If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
50
1D: $DOT; AMAZING VALUE- PatienceMIL:DOT If this isn't value i dont know what is. Retracing nearly ..... 100%!! as it just sleeps and sleeps until one day, DOT has RISEN. These plays are what makes your life change IF one can wait. If there is new people here, trust me when I say this..... DON'T be scared and FOOLED by the masses. They wan't you to think and somber about how crypto is dead and will never come back. Those same people are the ones massing mega bags at the darkest depths of the market. Don't let FEAR and MANIPULATION take over your mind. We know what market's do and what history shows us. Look LEFT! Do you see a common theme? Been there before and we rise once again! weeeeeeeeeeeeeeee
BINANCE:DOTUSDLong
by BShellhammer
5
45m: $LTC - Beautiful; Trendline BustedHey y'all. Lets just appreciate how beautiful LTC looks this fine Saturday.... ;) Jokes aside, LTC can busted through the local trendline on the 45min time-frame and is now breaking above the local demand line and is getting some nice follow through from the bullish divergence i.e the RSI. LTC is looking pretty good compared to some of the other coins and its price movement/structure is a lot more appealing when trying to size up the asset and make a better judgment on where she might go. However, we must get confirmation via a backtest of the local demand line in order to feel a lot more confident IF one was going to put in a position. These are just my opinions and me just charting pretty things on a saturday night.... ;) Later traders /r -B
GEMINI:LTCUSD
by BShellhammer