Litecoin to follow Bitcoin gains?Litecoin - 24h expiry - We look to Buy a break of 79.51 (stop at 77.11)
We are trading at oversold extremes.
A higher correction is expected.
Bullish divergence is expected to support prices.
79.34 has been pivotal.
A break of the recent high at 79.34 should result in a further move higher.
Our profit targets will be 85.51 and 87.51
Resistance: 77.95 / 79.34 / 81.00
Support: 75.76 / 75.00 / 73.20
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC
Bitcoin Price Could Hit $38k, But Rising Wedge Poses Risks $20k#Bitcoin HTF Chart Analysis
Current Price: $30,700
Technical analysis: Where patterns unfold
1️⃣ TrendLine Breakout: On the 3-day chart, #BTC has followed a significant TrendLine since its bull market high of $69,000. Impressively, Bitcoin recently broke above this TrendLine, which has now become strong support at $22,800. A successful retest was conducted at $19,850, affirming the validity of the breakout.
2️⃣ The Mighty Red Box: Since January 2021, a robust resistance line has hindered Bitcoin's progress. The first attempt to break this line failed, leading to the onset of the bear market in 2022. Currently, Bitcoin is making its second attempt, but caution is advised as rejection at this level remains a possibility. A potential breakout may occur on the third attempt.
The Parallel Channel: Another pattern forming on the high timeframe chart is a rising wedge or parallel channel. If BTC adheres to this channel, we may witness a rise toward $38,000. However, it's crucial to remain cautious, as a breakdown of this channel, also known as a rising wedge, could lead to greater price pain. The support for the rising wedge is currently at $26,000 but may change over time.
Opinion: Based on the chart analysis, it is anticipated that Bitcoin will initially reach the $36,000-$38,000 range. Subsequently, a correction to the $29,000-$30,000 range could occur. However, breaking down the rising wedge or parallel channel would signify a highly bearish scenario, potentially driving the Bitcoin price below $20,000.
Disclaimer: This report is not financial advice. Please conduct your own research before making any investment decisions.
Thank you for your attention.
Follow for more analysis.
Litecoin bullish wave can't be ignored!! 👀 🚀LTC Today Analysis💎LTC is currently on a promising trajectory, forming an ascending channel, and there's a strong possibility it might continue to follow the Elliot Wave pattern from 1-5.
💎It's trading in a high-demand zone, which further bolsters the bullish outlook.
💎keep an eye on the lower low area - if the price breaks below this, it could signal a shift out of the bullish momentum.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
LTC: 🦝 Entering the Halving Cycle First 🌓Litecoin Sees 55% Increase In New Daily Addresses As Bullish Sentiment Grows:
Bullish sentiment around Litecoin has been on the rise as the network is drawing closer to its much-anticipated halving event. This positive sentiment is reflected in the number of new daily addresses on the blockchain, which has seen a significant rise over the last week.
Understanding Upcoming Litecoin Halving:
Litecoin’s halving is set for August 26.
In anticipation, wallet addresses and active users are skyrocketing.
Historically, price action has always followed halvings – but predicting when is tricky.
Halving events in cryptocurrency always garner a lot of attention with their rarity and impact to supply and demand. One of the older coins will have its fourth-ever halving in the coming weeks.
Litecoin, along with another major coin – Bitcoin – always has price action conversations attached to the halvings that have come before. Patterns seem to point to price rises following a halving, but the timing of the rises is difficult to predict.
Historical data reveals that previous Litecoin halvings did not immediately result in significant price surges for LTC. After the 2015 halving event, the price of Litecoin remained relatively steady until the middle of 2017, when Bitcoin embarked on a remarkable bull run that dominated the markets during that time.
Similarly, the second halving also led to a period of price stability before the broader cryptocurrency markets experienced a bull market in 2021.
🦝To my buddy Dave aka the Raccoon.... and future (maybe) partner to be.
One Love,
The FXPROFESSOR🌓
links:
www.newsbtc.com
dailycoin.com
$BTC hit first level called. Altcoins next?"I believe all" influencers had 27k target for $BTC.
Even posted on some of them that it WAS NOT the target.
DAYS ago we said 28K was the #BTC target for #futures.
Spot #bitcoin shows a lil extra room but IMO Futures dictate price, limit lil over 28k = 80%+, took it. (talking about the leveraged positions took few days ago (see profile for more info).
BIST:LINK (up 10%+) & CRYPTOCAP:LTC (25%+) moving, as is most #crypto.
Is Bitcoin Ready to Break $38,000? Bullish Flag Pattern SuggestsBitcoin Technical Analysis: Key Levels and Price Targets
Bitcoin (BTC) is currently trading at $27,000, and in this technical analysis, we will delve into the formation of a bullish flag pattern in the daily time frame. Additionally, we will examine the significance of key resistance levels and discuss potential price targets. Please note that this analysis represents an opinion and should not be considered financial advice. As an investor, it is crucial to conduct thorough research before making any investment decisions.
Formation of a Bullish Flag:
BTC is exhibiting a bullish flag pattern, which is a continuation pattern observed after a significant price increase. This pattern indicates a temporary consolidation before the upward trend resumes. Traders are closely monitoring the breakout of Resistance 1 at $27,300. A candlestick close above $27,500 would be an encouraging sign, potentially driving the price toward the next target of $31,000.
Significance of Resistance Levels:
During the previous bear market, the $30,000 level served as a robust support level. However, it has now transformed into a formidable resistance. Breaking above the current resistance level of $30,500 could signify a significant breakthrough and may lead to further upward momentum. This breakthrough has the potential to propel Bitcoin toward the next target of $38,000.
Potential Price Targets:
If BTC successfully surges past the $30,500 resistance, the next likely price target for Bitcoin would be $38,000. However, it is crucial to monitor the price action around the current resistance level of $27,500. In the event of rejection at this level, Bitcoin could retest the support level at $24,000.
CryptoPatel Key Levels:
To navigate Bitcoin's potential price movements, traders should be aware of the following key levels:
Support: $24,000
The $24,000 level has previously acted as a strong support level and could be tested again if BTC faces rejection at the current resistance.
Resistance 1: $27,500
Breaking above this resistance level is crucial for Bitcoin to gain momentum toward the next target of $31,000.
Resistance 2: $30,500
This level represents a significant barrier, as it was previously a strong support level during the bear market. A successful breakthrough could signal a bullish trend toward $38,000.
Follow us for More Quality Real time analysis.
Thank you
Is it time to sell LTC as death cross just occured?As you may already know, a "death cross" occurred on the LTC/USD chart on June 19th, 2021. This is a technical analysis term that refers to when the 50-day moving average crosses below the 200-day moving average, indicating a potential trend reversal to the downside.
This is not something to be taken lightly, as it could be a sign of further losses for LTC in the coming weeks and months. As investors, it is important to be aware of these indicators and make informed decisions about our holdings.
Therefore, I am urging you to consider selling your LTC holdings currently. While it may be tempting to hold on and hope for a rebound, the death cross is a strong warning sign that should not be ignored.
Of course, it is ultimately up to each individual to make their own investment decisions. However, I believe it is important to share this information with the community and encourage everyone to take a cautious approach.
Litecoin Long-Term Bullish: $270 Target in Next Bull MarketLitecoin Bullish Chart Analysis
Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing.
The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop to $65 and $51.
The analyst recommends buying Litecoin at $60-$65 or $51. The target price is $100 after hitting both buy zones. The next target is $270 in the next bull market.
However, there is some risk in the short term. The price could break down below $51 and go even lower ( which will best buying price ). Therefore, it is important to do your own research before investing in any coins.
Here are the key levels to watch:
Support: $51
Resistance: $100
Disclaimer: This is not financial advice. Do your own research before investing in any coins.
Additional notes:
CryptoPatel is a well-known cryptocurrency trader and analyst.
Technical analysis is the study of historical price movements to predict future price movements.
Technical analysis is not always accurate, and there is always the risk of losing money when investing in cryptocurrencies.
Follow us for More Quality Analysis.
Thank you.
✴️ Litecoin | Recovery Or Fail? Consider The Bigger PictureThe main chart above is indeed what we are seeing... But weakness abound or at least the feeling of weakness and doubt is in the air. Maybe because it is Sunday? Or because we will see a crash tomorrow?
Recovery or fail?
Here is the fail version of this chart:
To be honest, everything goes but many Altcoins already went through the "fail" pattern, the lower low.
The weak ones already went lower, some broke even their June 2022 low/support.
The strong ones remain high, in this case a higher low compared to the March 2023 support.
We are open to all scenarios but the chart remains bullish for Litecoin as long as it trades above its March 2023 low/support. That is short-term.
The bigger picture is clearly up.
Namaste.
LTCUSDT ⚠️"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart.
Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes below these three lines, we should expect further decline and a fall towards the main trendline, represented by the green color on the chart.
Therefore, today's candle is crucial for me, and if it doesn't return above the support lines, I will be looking for a selling point."
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
ETH is Setting up to Lose Over 90% of it's Litecoin ValueThe ETH/LTC pair is currently showing us Hidden Bearish Divergence at the 1.618 Fibonacci Extension after previously breaking below the trendline, and the next likely level is all the way down at 1.67 as there are no other major support levels to hold once it really starts to break down.
LTC/USDT 1DInterval Resistance and SupportHello 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 downtrend channel where the price is moving in the lower range, while inside the channel we can mark the local downtrend line under which the price is located.
Moving on, we can move on to marking support areas when the current correction begins to deepen. And here the price is in front of a very strong support at $75.55, but if the support is broken then the next support is at $69.44.
Looking the other way, we see first resistance at $78.88, second resistance at $82.11, then third resistance at $84.88, then we have a very strong resistance zone from $87.48 to $91, $21.
At this point, it is worth noting that the current price drop caused the price to drop below the EMA Cross 200 line, which indicates a return to a strong downtrend.
Please look at the CHOP index, which indicates that the energy has been used, the MACD confirms the current downtrend, while the RSI has a rebound to the lower end of the range, which may indicate the imminent end of the correction and the upcoming increase.
LTC/USDT 4HInterval ShortTermHello everyone, let's look at the LTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $73.41, if the support is broken then the next support is $70.02, $67.24 and $64.45.
Now let's move to the resistance line, as you can see the first resistance is $78.69, if you break it, the next resistance will be $81.90, the third $84.63 and $87.18.
Looking at the CHOP indicator, we can see that there is a lot of energy for the upcoming move, the MACD has returned to the local uptrend while the RSI is moving at the lower border which could give the price an increase in the coming hours.
SEC harvests the bigwigs of the coin circle, and the copycat coi
The reincarnation of the coin circle does not need to live long. In every bear market, the copycat coins are played according to the rhythm of “zeroing”.
Of course, this time is no exception. I have always been skeptical about copycat coins. They are both currency and securities, and they are impossible to exist in the mainstream market. Which reliable government can let the currency issuance power fall to others? So when I wrote articles in Golden Finance in those years, I repeatedly emphasized the risk of copycat coins, and this view has not changed until now.
Bitcoin and Ethereum are defined as commodities, which are barely squeezed into the mainstream trading market, but a copycat coin also wants to enter the hall, isn’t it a dream? Now it’s fine, SEC has taken action, and unlike the Chinese government, the US government has shown the nature of capitalism. Everything is operated around economic interests. I don’t expel you, I just want money. If you are willing to redeem yourself and whitewash yourself, otherwise, I will let you go to hell.
This time on the surface is harvesting Binance, coinbase, in fact, those blind followers are the final leeks.
If we only look at the technical chart and do not consider the survival ability of the non-mainstream market in the future, this wave of copycat coins basically fell by 90%, which is definitely worth rebounding. But if you think about it, you can’t log in to compliant exchanges, including licensed markets such as Hong Kong’s encrypted exchanges in the future, then compliant funds will not be able to participate in transactions. And whether non-compliant funds can still play the role of market leader as before 2018?
To be honest, I don’t have much concept of copycat coins and can’t give you more advice. In a highly speculative market, being conservative may not be a bad thing.
From the daily line, bitcoin has a macd bottom divergence, ma144 and the previous head and shoulder bottom neckline 25200 have a certain support nearby, and the bulls also try to defend here. As for whether it can succeed, we need to see if macd can form a bottom divergence. And from the perspective of rebounding, I gave out abc’s structure earlier. At present, it should be in b’s adjustment. If the neckline fails to defend, 23200-21400 US dollars may be the adjustment target below.
Of course, if we look at the monthly line, here is a larger adjustment structure ABC in which B wave rebounds cycle. Bitcoin has fallen by 77% in one wave this time. Compared with the decline in previous bear markets (more than 80%), it is still not in place (more than 80%), and it seems that the bear market has not ended from time to time. So after rebounding, there may be a more tragic wave of killing.
In short, although institutional investors in the United States have joined in and changed the ecology of coin circles, although the previous barbaric growth mode will not disappear immediately, but game rules must change and make SEC comfortable. Change so that Wall Street tycoons can play more easily.
Bitcoin Price Potential: Inverse Head & Shoulders Pattern SignalBTCUSDT Technical Analysis: Anticipating a Retest and Potential Upside
In this technical analysis, we'll explore the current state of BTCUSDT (Bitcoin trading pair with Tether) and examine a potential retracement and retest scenario based on the Inverse Head & Shoulder pattern. We'll also discuss key support and resistance levels to watch out for. Please note that this analysis is based on chart observations and should not be considered financial advice. Conduct your own research before making any investment decisions.
Retracement and Retest of Neck Line Support:
At the moment, BTC is trading at $26,650, and the chart suggests a retracement and retest of the Neck Line support in the Inverse Head & Shoulder pattern. This retracement could be influenced by negative news in the market. It's important to note that the retest of the pattern's Neck Line support has not occurred yet.
Expected Price Movement:
Based on the chart analysis, there is a possibility that BTC might reach the $23,700 level before experiencing an upward rally. If the support at $23,700 holds, there is potential for a 50% price increase from the Neck Line support level, with a target of $36,000.
Key Levels to Watch:
Support levels to monitor include $23,700 and $19,000, as a breakdown below $23,700 could result in BTC's price dropping below $20,000. On the other hand, resistance levels to watch for potential upward movement are $30,500, $36,300, and $46,800.
Important Considerations:
Remember that trading blindly is never advisable. This analysis is based on chart observations and does not constitute financial advice. It is crucial to conduct your own research and analysis before investing in any cryptocurrency. Market conditions can change rapidly, so staying informed and being prepared is essential.
Follow us for More Real-time Updates and Quality Charts Analysis.
Thank you.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 91.11 (stop at 89.11)
The bullish engulfing candle on the 4-hour chart the positive for sentiment.
Expect trading to remain mixed and volatile.
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Daily signals are mildly bullish.
Our profit targets will be 96.11 and 97.11
Resistance: 88.00 / 90.00 / 91.08
Support: 86.89 / 85.37 / 84.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Monday’s biggest losers, as prices fell by as much as 5%.
Following a high of 96.36 on Sunday, LTC/USD sank to an intraday bottom at the 91.79 level.
This drop sees Litecoin fall for a second consecutive session, after a false breakout of a ceiling at 96.00
prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity to the aforementioned resistance point.
the index is now tracking at 52.00 after this sell-off, with a floor at 50.00 as a potential landing zone.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities
In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions.
Headings:
Current State of #SAND/USDT: Bearish Trend and Recent News
Impact of Token Unlocking Schedule on NYSE:SAND Price
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
Key Support Levels and Target Zones for Buying Opportunities
Bull Scenario: Long-Term Potential and the Need to Break Resistance
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Conclusion: Conduct Thorough Research and Exercise Caution
Current State of SAND/USDT: Bearish Trend and Recent News
NYSE:SAND is currently trading at $0.515, displaying a bearish trend.
Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news.
Impact of Token Unlocking Schedule on NYSE:SAND Price
Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events.
The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside.
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023.
However, a short-term pump up to $0.7 is expected before a potential leg down.
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
The current expectation is a small pump in the short term, possibly reaching $0.7.
However, this would likely be followed by another downward movement.
Key Support Levels and Target Zones for Buying Opportunities
Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177.
Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible.
Bull Scenario: Long-Term Potential and the Need to Break Resistance
In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run.
However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize.
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Support Levels: $0.3785 and $0.177
Resistance Levels: $0.7 and $0.87
Conclusion: Conduct Thorough Research and Exercise Caution
This analysis provides insights into the current state and future projection of #SAND/USDT.
It is important to conduct thorough research and analysis before making any investment decisions.
The cryptocurrency market is highly volatile, and individual research is essential to make informed choices.
Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December
Follow us for More Chart Analysis.
Thank you.