Litecoin may lose more valueLitecoin may see further downward pressure in the coming days if it breaks the yellow resistance line which has been hit many times before, also currently the US stock market is selling off so big players might sell cryptos to have more liquidity, cover the margin call, or ......
This chart is COINBASE:LTCEUR but also you can draw the same line for $LTCUSD.
What is the adage? Don't try to catch a falling banana or cat or something whatever.
I am not short but I'll wait to buy back at a lower price.
LTC
#LTC/USDT 1D (ByBit) Symmetrical triangle breakout and retestLitecoin is pulling back to 100MA support when it seems likely to bounce and resume bullish.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.4X)
Amount: 5.0%
Current Price:
93.07
Entry Zone:
92.71 - 88.49
Take-Profit Targets:
1) 103.31
2) 112.87
3) 122.44
Stop Targets:
1) 79.97
Published By: @Zblaba
CRYPTOCAP:LTC #LTCUSDT #Litecoin #PoW #Halving
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
litecoin.org
LTC: Support BreakoutLitecoin (LTC) technical analysis:
Trade setup: Following a breakout from a Symmetrical Triangle, price reached $115 resistance where it got rejected. Now it’s broken back below 200-day Moving Average (~$90), which puts the uptrend at risk. We need to see the price regain that level to signal uptrend resumption, with upside to $115.
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $90, which it broke, then $80. The nearest Resistance Zone is $105, then $115.
Litecoin LTCUSDT Price Analysis (4h)📊🚀 Litecoin (LTC) Price Analysis 📈💹
Litecoin is currently consolidating near a critical support zone at $86-85, presenting a crucial juncture for traders. 🔄 The price has the potential to break out towards the target at $95, offering an opportunity for bullish momentum.
However, it's important to remain cautious, as there is also a possibility of a bearish breakout that could lead prices towards the $77 level. 📉🐻
Stay vigilant and closely monitor the price action for potential trading opportunities. Happy trading! 🚀💰
When will LTC stop falling? LTC when bullrun?For LTC, the start of halving, as usual, led to the weakness of buyers and the strength of bears. We have come to a global zone of interest, in this zone it is worth considering purchases. I expect a reaction from the 0.618 level. On smaller time frames, we should expect divergence signals in the form of a formation on the chart, this is what the market movement looks like, the Ultimate Oscillator oscillator will help with this, it is designed for divergences. You also need to pay attention to the overbought RSI of 12h, 6h and 4h
LTC 4H Review Hello everyone, I invite you to review the LTC chart on the four-hour interval. As we can denote with the blue lines, the price is moving in the uptrend channel where we are moving towards the lower border.
Let's start by marking the support places for the price and for this we will use the trend based fib extension tool, you can immediately see that the price is staying in a very strong support zone from $88 to $81.
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 bounces off the $95.94 resistance, then we have a second resistance at $102.22, then a third resistance at $107.64, and then price needs to break the strong resistance zone from $113 to $120.
The CHOP index indicates that there is still energy to make a move, the RSI is in a strong rebound but there is still room for the price to go lower, while the STOCH indicator is approaching the lower limit and there is some energy left to complete the move.
LTC: LONG TERM VIEW! BEST BUYING ZONE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new LTC update.
Today is LTC's halving and this might be the sell-the-news event. According to the chart, it is forming a symmetrical triangle in the weekly time frame and rejecting the resistance zone of $100-$120. I'm expecting it to drop more from here.
IMO, the best buying area for LTC is around the $60-$70 level. We have support here and also here the lower line of the symmetrical triangle lies.
Once it breaks out from this symmetrical triangle a new bullish rally starts for LTC and do not expect this before a proper bull run.
Hope this chart helps you. If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
LITECOIN Halving only a few hours away! Is it bullish or not?Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC.
The previous two Halvings were on August 05 2019 (Halving 2) and August 25 2015 (Halving 1) respectively. All halving events have caught the price on a pull-back after a break above the 1W MA100 (green trend-line) with the 1W MA50 (blue trend-line) supporting. During the previous two, the price managed to reach the 0.5 Fibonacci retracement level, while on the current Cycle it came $25 shy of it.
It appears that the current Bull Cycle has started on a slower pace than the previous two, as also illustrated on the 1W RSI, which hasn't yet crossed the 70.00 overbought barrier. They key is the Lower Highs trend-line, which on all Halvings made contact with the pre-Halving Lower High and once broken the price never made a Lower Low again. If you want to take the safest buy entry possible, wait for that break-out to happen.
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Crypto Market in 24 Hours: Bright Outlook ⛅, LTC Halving LoomSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off.
Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰
Follow us for more crypto weather reports!
ltcusdt - long before halving (smart idea)- aria bayer
- 2 August halving
- buy now and sell on August 2nd.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
🔥 Attention Litecoin Holders: Convert To BTC While You Can! 🚨If you enjoy this analysis, please give it a like and a follow.
Today is the big day: the third LTC halving will happen in a couple of hours. This means that the rewards from mining will be halved, same as the BTC halving.
Although the LTC halving has been generally a bullish event in the months before the halving, it has always been a bearish event once it has happened. Buy the rumor, sell the news.
As seen on the LTC/BTC chart, it has historically ALWAYS been a better option to convert your LTC to BTC after the halving. In other words, BTC has always outperformed LTC in the months after the halving.
Do with this info what you want. All I know is that Bitcoin will very likely outperform Litecoin for the coming months.
LTC - The #Halving is Around The Corner ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LTC has been trading within a significant range between 85 and 100. Currently, from a short-term perspective, LTC is showing a bearish trend as it is trading inside a descending red channel.
The upcoming LTC halving is worth considering (in 24 hours), and two potential scenarios can be anticipated:
📈 Scenario 1: Bullish Takeover - Medium-term perspective
For the bulls to gain control in the medium-term, we need to observe a daily momentum candle closing above the key round number of 100.0.
📉 Scenario 2: Short-term Buying Opportunity
In parallel, if LTC's price approaches the demand zone near 83.0, we may look for short-term buy setups on lower timeframes.
This could present an opportunity for traders to capitalize on potential price rebounds from the support level.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP, LTC ☁️ Ahead? Both Ripple’s XRP and Litecoin face some clouds ☁️ in the next 24 hours, indicating a downside risk, which should diminish thereafter. ☔🌈
Yet, according to ATTMO, sunny trading conditions ☀️ will prevail over the global crypto market in the coming hours and days. This means that a slightly bullish market with upside potential is likely.
Follow us for more crypto weather reports!
🌞 Crypto Outlook with ☁️ for XRP and LTC? Sunny trading conditions ☀️ to prevail over the global crypto market in the coming hours and days, according to ATTMO. This means that a slightly bullish market with upside potential is likely.
Both Ripple’s XRP and Litecoin face some clouds ☁️ in the next 24 hours, indicating a downside risk, which should diminish thereafter. ☔🌈
Follow us for more crypto weather reports!
LTC Halving is days away, how high can price rise?Technical analysis on Litecoin shows a bullish trend, now the upward setup is starting to gain strength, I expect a stormy start next week.
The price of LTC needs to close the imbalance at the level of 105$.
On the histogram, the divergence confirms the Fibonacci setup.