LTC
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace.
We described this in more detail, with graphs and comparisons, in our previous idea here:
If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level.
Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it.
For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73.
If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend.
However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved.
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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) has been one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session.
LTC/USD raced to an intraday high of $91.70 in today’s session, a day after falling to a low of $79.95.
As a result of the move, LTC climbed to its strongest point since March 3, when the token reached a peak of $95.49.
Overall, the move has pushed the 10-day (red) moving average closer to an upwards crossover with the 25-day (blue) moving average.
Although some will be anticipating a cross, there appears to be a hurdle in place, which comes in the form of a ceiling on the relative strength index (RSI).
At the time of writing, the index is tracking at 55.35, which is marginally below the aforementioned resistance zone of 56.00.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
LTC: Resistance BreakoutLitecoin (LTC) technical analysis:
Trade setup : Price broke back above $90 resistance to resume Uptrend, with upside potential to next resistance zone of $100-105. (set a price alert).
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $80 (previous resistance), then $70. The nearest Resistance Zone is $90, which it broke, then $100.
LITECOIN is rallying and can reach $250 based on this fractal.Litecoin (LTCUSD) is rebounding on its 3D MA50 (blue trend-line) towards the 3D MA200 (orange trend-line). If it breaks above the Bear Cycle Lower Highs trend-line (dashed line), then it might imitate the October 2020 rally. So far the two sequences are fairly similar, even on MACD terms. A break-out rally similar to Oct 2020 can hit the 0.786 Fibonacci extension and print $250.00
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Litecoin Halving GameplanWhat is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet.
Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin offering at launch (thus it should not be targeted as a security by the SEC). The Litecoin block rewards for mining are currently 12.5 Litecoin per block. Every 840,000 blocks, the block reward is cut in half. As of this post there are 76,215 blocks until the next halving, estimated to take place August 2, 2023. Similar to bitcoin, the halving event reduces the supply of Litecoin entering the market. This reduction in supply, combined with steady or increasing demand, can cause the price of Litecoin to increase. In the past, we have seen significant price run-ups leading up to the halving event, followed by a reversal within a few weeks of the event. In 2015 the pre-halving trough to peak was in mid-July prior to the August 25, 2015 halving. In 2019 the pre-halving price peaked in mid-June.
Interestingly, there were similar but less extreme economic conditions between the current environment and the 2019 halving. The S&P experienced a recent drawdown, fed funds rate had recently peaked, 2 year bond rates had recently rolled over fed funds, and global liquidity was relatively flat.
My game plan for this halving event is to:
1) assume that price will not reach a new ATH and will have a lower proportional run-up than prior halvings
2) plan for price to peak by mid-June
3) take profits in three stages
TP1 - $130 - the 0.786 of the retrace from the 2019 pre-halving peak to trough
TP2 - $170 - the 0.5 of the retrace from the November 2021 high
TP3 - use a moving stop to allow any further continuation
4) stop loss for invalidation at the bottom of the rising channel
CRYPTOCAP:LTC BINANCE:LTCUSDT
✴️ Litecoin As A Leading Indicator (75% Potential Then More)Litecoin is hitting a new daily high after the correction ended and the chart is now strongly bullish.
The volume is great, the MACD is flashing a very strong signal together with the RSI.
This is no surprise to you and me but it is good to point it out.
You can expect a very similar behaviour for Bitcoin and the rest of the Cryptocurrency market.
✔️ Just higher highs leading to higher lows followed by higher highs.
Notice that the correction ended 11-March and this is true for the entire market basically.
Most of the Crypto pairs bottomed 9-13 March.
Some are a bit behind others more advanced but end result is the same.
Corrections and retraces can be used as an opportunity to buy-up, buy-in, rebuy and reload to benefit from the following wave.
There is a strong hidden bullish divergence with both the MACD and RSI, which gives further strength to a higher high next.
✔️ When you consider that Litecoin has been growing for more than 9 months, since June 2022, it is hard to understand how some people still think that we are in a bearish trend.
A bearish trend means lower highs and lower lows...
This is not the case here, prices continue to go up.
We are no longer "early" as I continued to repeat just two months ago.
We are now half-way through but there is still plenty of opportunities available for those ready to take the jump.
This is not financial advice.
Namaste.
🔥 LTC Extremely Strong After FOMCWith nearly all cryptos losing significant value during the yesterday's FOMC meeting, Litecoin didn't want any of it.
After a minor drop, LTC has seen a 15%+ move over the last half day or so.
With Bitcoin and stocks regaining a large part of yesterday's losses, I'm seeing more bullish price action for LTC in the near future.
Blue lines as my near term targets.
✳️ Litecoin Higher Low Now, New Bullish Wave, Be Prepared!While some people are still within the doom and gloom mentality, preparing for lower lows forever, new bottoms, market crash, etc. Cryptocurrencies are already moving up.
The Altcoins vs Tether pairs are incredibly clear, printing between 300 and 500% in the initial bullish wave and the Altcoins vs Bitcoin pairs preparing for another leg up.
✔️ Bitcoin is also ultra-strong above EMA10 daily, no strong crash after a massive, huge 85%+ phase of growth.
Imagine, this only tells us that Bitcoin is stronger than usual, not weaker, do not expect new lows, a new bottom... Instead of $11,000, you should be preparing for $32,000, $35,000, $38,000, $41,000 and beyond.
Only late this year we are likely to experience a strong correction that will do nothing but confirm all the bullishness we have been experiencing now month after month.
Litecoin vs Bitcoin (LTCBTC) is preparing for its next high.
Notice, that while some people think that ALTSBTC pairs drop when Bitcoin grows and phantasize on some strange dynamics, the market simply grows together as whole with some slight delays between set of coins.
Here LTCBTC bottomed in June 2022, exactly the same date as most of the market when the capitulation low was confirmed.
After this phase we get up, up and more up.
Correction and retraces are normal, once a correction ends, we get the next leg up.
This is another opportunity, how you approach the market is your sole responsibility.
Be wise, be patient, study and know that regardless of what happens, if this opportunity goes away another one will always show up.
You are a divine human being.
✔️ We all make mistakes, if you did something wrong now, if you feel burdened by something of your past just let it go.
You are special and you deserve the best, now & always...
✔️ Struggles and challenges are the experiences that helps us grow and evolve.
Namaste.
Litecoin road to $1000+ 3rd halvening coming soon!the third halvening is expected to occur around July-August !
What is the litecoin halvening?
-Litecoin halving, also known as Litecoin halvening, is an event that occurs every 840,000 blocks on the Litecoin blockchain. During this event, the block reward that miners receive for verifying transactions on the Litecoin network is reduced by half. This means that the amount of new Litecoin entering circulation decreases, which can potentially impact the supply and demand dynamics of the cryptocurrency.
-The first Litecoin halving occurred on August 25, 2015, when the block reward was reduced from 50 LTC to 25 LTC. The second halving occurred on August 5, 2019, when the block reward was reduced from 25 LTC to 12.5 LTC. The next halving is expected to occur in 2023, when the block reward will be reduced from 12.5 LTC to 6.25 LTC.
-Litecoin halving is often compared to Bitcoin halving, as both events follow a similar mechanism. The purpose of halving is to control inflation and ensure that the cryptocurrency maintains its scarcity over time. By reducing the amount of new Litecoin entering circulation, halving can potentially increase the value of Litecoin in the long term. However, it's important to note that the impact of halving on the price of Litecoin is not guaranteed, as it depends on various market factors and investor sentiment.
Litecoin in symetrical triangle.Litecoin - 16h expiry - We look to Buy at 78.71 (stop at 75.71)
Price continues to trade within the triangle formation.
Trend line support is located at 78.70.
We look to buy dips.
Expect trading to remain mixed and volatile.
Daily momentum has stalled and our bias is neutral.
Our profit targets will be 85.91 and 86.91
Resistance: 82.00 / 83.28 / 86.00
Support: 79.71 / 78.50 / 76.76
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IT IS JUST ME?Just my mind, or are we watching a typical W shape form on LTC, this type of formations are common in other time frames.
You can ask your self this questions:
How its possible to go lower? ATL RN
Do we have more down pressure left?
Who is selling? if just crazy hodlers are left
Do we have any crazy news? Like XRP already hype
Call me crazy
Forusdt Testing TrendlineTesting trendline In daily Timeframe
Incase Of Breakout Expecting Bulish Impulse
After Breakout We Can Enter For Long Positions You can Set Stoploss According Your Strategy
(note) Always Wait For Confirmed Breakout Without Breaking Trendline For will Remain Bearish
#LTCUSD - Plenty of Short Profits, But Where to Take Them?theCrypster -
A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
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#LTCBTC - A Small but Profitable Short#Litecoin has recently reached new highs and has been ranging in the upper band since late last year. We appear to be consolidating within tighter ranges recently and can see a small but profitable drop to meet the ascending trend line.
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LTC Daily Long TargetsTargets are circled
107
144
LTC may need to retrace more here, but the bias appears to be upward.
Double bottom formed on rising support.
Rsi is 50 at time of post, neutral.
LTC is also retraced to the .618 against BTC in its most recent impulse and could be ready for a leg up against BTC.
NFA, do your own DD
✴️ Litecoin Back On Track | $155+ Next Jump (80% Potential)For Litecoin, we have the same pattern as Shiba Inu but more advanced.
The pair ended its correction by bouncing off the MA200 black line.
Then it started to recover slowly but surely.
While SHIBUSDT is now trading above EMA10 only after the MA200 recovery, LTCUSDT is trading above EMA10, EMA21 and EMA100 as well as challenging EMA50.
We have the same MACD bullish cross and the RSI is back above 50, the RSI is once again really strong.
This higher low will lead to a higher high.
More growth than what we are mapping will take place.
But we are conservative with the public charts.
There is always more opportunities, there will always be more.
✔️ We are gearing up for the bull-market of 2024.
✔️ In 2025 we will have the next major bull-run.
Namaste.