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LTC

Litecoin (LTCUSDT): 350% Profit DONE!The 4-hour Litecoin chart demonstrates a flawless long trade setup, with all targets smashed and traders pocketing 350% gains on leveraged positions. This trade proves yet again the power of precision technical setups. Trade Highlights: Entry Price: $69.68 Stop Loss: $67.04 (minimal risk exposure) Profit Targets: TP1: $72.95 ✅ TP2: $78.25 ✅ TP3: $83.54 ✅ TP4: $86.81 ✅ Observations: Strong Momentum: Litecoin showed consistent upward movement, confirming a strong trend supported by market sentiment. Indicator Alignment: The trade was signaled by the Risological Swing Trader, ensuring a high-confidence entry with clear targets. Leverage Efficiency: At 10x leverage, this trade generated an astonishing 350% return on investment, making it a significant win for LTC bulls. Market Outlook: Litecoin's breakout performance underscores its bullish potential. While profit-taking at this level is advised, the upward trajectory hints at further opportunities ahead. Congratulations to all who capitalized on this spectacular trade! 🚀
Long
by ProfitsNinja
LTC thesis with RAG AI by Titan_KarmaGiven the current market conditions for LTC, there is a favorable opportunity to consider entering a LONG position. The recent news surrounding regulatory changes positively impacting altcoins, along with the bullish sentiment reflected in the financial analysis, suggests a potential upward movement for LTC. The price of LTCUSDT is currently at $89.74, with a significant trading volume of approximately 1.78 million, indicating strong market interest. The technical analysis indicates a strong bullish trend, particularly on the daily timeframe where the RSI is above 70, suggesting overbought conditions. However, caution is warranted as the price approaches the upper Bollinger Band and resistance levels. The short-term indicators (1h and 15m) suggest a potential consolidation phase, which may lead to a pullback. Therefore, it is essential to monitor price action closely around the resistance levels and consider setting stop-loss orders to protect gains. Incorporating real-time data from Coinglass, the open interest and funding rates indicate a bullish sentiment, which aligns with the current market dynamics. The long-short ratio consistently above 0.6 further supports the decision to consider a LONG position. coinglass_data: The latest open interest for LTC shows a steady increase, indicating growing confidence among traders. The weighted funding rate remains positive, suggesting that long positions are favored. Liquidation levels are currently stable, providing a conducive environment for potential upward movement. binance_data: The order book dynamics reveal significant buy walls at key support levels, which could act as a buffer against downward price movements. The price action signals indicate a bullish momentum, with candlestick patterns suggesting potential breakouts. coinmarketcap_data: The volume data over the last 24 hours shows a healthy trading activity, with a liquidity score indicating strong market depth. The market cap of LTC has seen a positive change, reinforcing the bullish outlook. sentiment: Current market sentiment analysis from Augmento.ai shows a predominantly positive sentiment towards LTC, with many traders expressing optimism about the upcoming price movements. cryptocompare_data: The latest news and social media sentiment indicate a growing interest in LTC, particularly in light of recent developments in the cryptocurrency space. Technical Analysis: The indicators suggest a strong bullish trend, but caution is advised due to overbought conditions. The RSI is currently at 61.37 on the 1-hour chart, indicating buying momentum, while the MACD shows a bullish crossover. The price is above the 50-period moving average, reinforcing the bullish outlook. The top 3 BTC pairs exhibiting strong performance today include BTC/ETH, BTC/XRP, and BTC/LTC, which may provide correlated trend analysis for LTC. TRADE RECOMMENDATION json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$87.50", "TAKE_PROFIT": "$92.00", "CONFIDENCE_LEVEL": "85%", "EXIT_POINT": "$90.00", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "above 50", "MACD": "Bullish crossover", "MA20": "Price position above", "ATR": "Moderate volatility", "Bollinger_Bands": "Price approaching upper band", "Stochastic_Oscillator": "Condition indicates potential pullback", "News_Impact": "Positive", "Historical_Data": "Resistance around $90.00" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0 }
Long
by titankarma
8
LTC the black swan?This analysis was done weeks ago and not much has changed. The channel is still valid. But, why has LTC not picked up the pace with the other tokens? BTC is flying, ETH is flying, even DOGE is in a world of it's own. But, LTC which has been one of the 'top 10' for quite some time is not seeing the elevation at all, literally not one bit. We need to see a push here on LTC for it to be considered part of the pack. OR, it's just biding it's time looking like a dead duck but actually has the highest potential of them all. Only time will tell. Follow for more.
by cryptechcapital
3
Inverse #Cramer SELL ALL YOUR #Crypto!! :)I still see disbelief at this rally I'm starting to see anger at having missed the bottom and lower entry points Some noobs and some crypto OG's are still holding #stablecoins having locked in their losses. I see crypto total market cap at over 5 trillion in 2 years Life changing money is to be had, but the multiples rapidly shrink the higher these prices go, I believe we pump into May sell and go away till sept could be an aggressive strategy Or jus hold for 2 years .. couldn't be easier
COINBASE:BTCUSDLong
by BallaJi
1
SasanSeifi|$85 Breakout Could Propel LTC to $100 and Beyond!Hey there, ✌I In the weekly timeframe, Litecoin’s price, after a period of consolidation around the $84 level, encountered a bearish trend and corrected down to the $50 range. As you can see, the price has once again moved towards the important resistance zone and the descending trendline. Currently, it is trading at around $78. If the price breaks the key resistance at $85 and stabilizes above it, the likelihood of further upward movement increases. In this scenario, potential price targets could be $100 and $127. The important weekly support between $65 and $60. Given the overall market conditions, the probability of breaking through the resistance level seems high. Note that this chart is presented in a logarithmic scale. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
by SasanSeifi
[LTCUSD] Going to $500 by 2025? - Litecoin will surprise many!Hey everyone! I'm very bullish on Litecoin for several reasons. BULLISH FUNDAMENTALS: First of all, Litecoin is amongst some others what we could call a "dinocoin" which managed to make its way throughout the years. Oftentimes being trolled for being slower than other coins to rise, but it still managed to survive to this day. One of the most used cryptocurrencies in the real world for payments purposes One of the most used coin with a top records of active addresses Bitcoin is considered like digital gold, Litecoin like digital silver Litecoin ETFs are being discussed and if accepted, will bring even more people to it (check Canary's Capital recent news) A continuous list of updates, with some about security done the last few days Holders have been accumulating for a - long - time now. BULLISH TECHNICAL ANALYTICS: I tried to spot the key resistances and levels on this weekly - simple - timeframe. We can clearly see a longterm channel being formed since 2017. We are now testing the $77-$80 resistance, before the next one being a major one (orange) around $100. If the whole market remains bullish for the next few months, I believe we will quickly rise to previous key levels around $130 (RESISTANCE 2) then $190-$200 (RESISTANCE 3). If we manage to break all of them, we can for sure expect a new ATH. This one could reach the top of the trending channel. I tried to imagine what it would look like with these Elliot's impulse waves pattern, which each broken resistance becoming a new support to be tested each time. We can also see higher volumes, as well as bullish trends on RSI and MACD. These are all the reasons why I believe Litecoin could surprise many in the upcoming months. Not a financial advice, just sharing my thoughts. Always do your own research. I'm curious to hear what are yours about Litecoin!
Long
by cryptologyy
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may. The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈 1) Bitcoin Cash / BINANCE:BCHUSD.P 2) Dash / BINANCE:DASHUSDT 3) Litecoin / BINANCE:LTCUSD.P These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)! _____________________
BINANCE:LTCUSD.PLong
by CryptoCheck-
3
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 68.45-66.76 ⚡️TP: 69.43 70.50 71.90 🔴SL: 64.89 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
LTC is duplicating BTC's pre surge DNA based on MONTHLY metrics.FOCUS ON LTC. A theoretical and technical analysis of these two major coins price movements. LTC's recent monthly price metrics is reminiscent of BTC's September 2023 movements before it shot up from 20k to 40k. As we speak, it is following the DNA of that certain movement. We are now at the critical heat point for that X2 surge. BTC post surge price touched 38.2 fib trend levels with precision at 40k from its 20k++ base range. A similar scenario for LTC will likely play out. A 38.2 fib trend level would mean a 150 price valuation after a break in structure. We are now at that crosspoint. Spotted at 70.0 Conclusion: If you're late with the BTC bull party, LTC will now be your ultimate friend. TAYOR. Safeguard funds always
by JSAL
5
Litecoin ETF Sparks Market Optimism Amid New FilingA Closer Look at LTC’s Future The excitement around Litecoin ( CRYPTOCAP:LTC ) has intensified with the recent filing of a Litecoin Exchange-Traded Fund (ETF) by Canary Capital. This could mark a significant milestone for the cryptocurrency, positioning it alongside Bitcoin and Ethereum, which have recently received ETF approvals. With institutional interest in Litecoin rising and a potential approval on the horizon, the cryptocurrency world is buzzing with speculation about LTC’s price trajectory. Litecoin's founder, Charlie Lee, has expressed optimism, confident that the ETF approval will happen soon, further propelling Litecoin into the limelight. Litecoin ETF: A Game-Changer in the Making The recent filing of a Litecoin ETF by Canary Capital is an important development, as it could become the first single-asset Litecoin ETF globally. Charlie Lee believes that the ETF approval is imminent, following a growing trend of crypto ETFs gaining approval, most notably Bitcoin and Ethereum. The significance of this filing cannot be understated. If approved, it would open doors for both institutional and retail investors to gain exposure to Litecoin in a regulated environment, potentially leading to a surge in demand. According to some market experts, this could see Litecoin’s price rise to $400 in the short term and possibly cross the $1,100 mark by 2026, aligning with broader institutional adoption of digital assets. Institutional Demand and Growing Trust One of the key indicators of rising institutional interest is the performance of Grayscale’s Litecoin Trust, which has grown by more than 2% daily and is currently trading at more than double its net asset value (NAV). This reflects strong demand from investors seeking exposure to Litecoin, even before the approval of an ETF. The Litecoin founder emphasized that Litecoin shares many similarities with Bitcoin, particularly as both are considered commodities. This distinction, combined with Litecoin’s strong peer-to-peer transactional capabilities, makes it a prime candidate for institutional adoption. Market Sentiment and Price Movement Litecoin's price saw a surge following the ETF filing, reaching a monthly high of $75.88, recovering from a low of $62.12. However, the price has since experienced a slight correction, currently trading at $71.44, down by 5.04%. While volatility and uncertainty surrounding the ETF approval have contributed to this dip, the overall market sentiment remains bullish, with expectations of a significant rally once the ETF is approved. Technical Outlook: Consolidation Before the Next Move? From a technical perspective, Litecoin ( CRYPTOCAP:LTC ) is consolidating after its recent price surge, down 4.53% at the time of writing, potentially heading towards the support level at $68. Despite the pullback, Litecoin’s price action remains within a bullish triangle pattern on the daily chart, indicating a potential continuation of the upward trend. Supporting this bullish outlook is Litecoin’s Relative Strength Index (RSI), which currently stands at 56. This suggests that Litecoin ( CRYPTOCAP:LTC ) is neither overbought nor experiencing weak momentum, creating a perfect scenario for a cool-off before another significant run. Analysts predict that Litecoin could retest the $100 mark in the coming weeks and possibly revisit the $200 and $250 levels in the longer term. The Path Ahead: Litecoin's Potential Breakout The current momentum around Litecoin is driven not only by the ETF filing but also by increasing demand from institutional players. Canary Capital’s ETF filing has positioned Litecoin in the spotlight, and with the U.S. Securities and Exchange Commission (SEC) already approving Bitcoin and Ethereum ETFs, Litecoin could be next. As institutional adoption continues to rise, the approval of the Litecoin ETF could lead to a massive price rally, potentially driving LTC towards the predicted $400 target. On the downside, any delays or rejections from the SEC could result in short-term price volatility, with support likely to be found around the $68 level. Conclusion: All Eyes on ETF Approval The recent filing of a Litecoin ETF has sparked excitement in the crypto world, with Litecoin founder Charlie Lee expressing confidence that approval is just around the corner. If this happens, Litecoin ( CRYPTOCAP:LTC ) could witness a significant price surge, supported by strong institutional demand. While volatility remains, the technical outlook suggests that Litecoin is poised for further gains in the near future, with key resistance levels to watch at $100, $200, and $250. In summary, the next few months will be crucial for Litecoin’s trajectory, as ETF approval could serve as a major catalyst, propelling the cryptocurrency to new heights. For investors, keeping an eye on both technical indicators and institutional sentiment will be key to navigating Litecoin’s future price movements.
BINANCE:LTCUSD.PLong
by DEXWireNews
LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time. The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
Long
by cryptechcapital
Litecoin (LTC)Litecoin price today is $81 with a 24 hour trading volume of 920 million dollar. LTC price is up 7.0% in the last 24 hours Litecoin is a peer2peer cryptocurrency created by Charlie Lee, a man who take advantage of working on first crypto exchanges aka Coinbase and dump most of his coins on first days of listing, became millionaire and quit his job! so technically LTC is just a simple fork of BTC 50-60 is a dip for ltc and good time to load some coins and 95-110$ is an important time for bulls and time to take good profit as well Never FOMO on LTC and be ready for rejection and pullback at blue line level
by moonypto
11
Litecoin Spike 10% as Canary Capital Files for Spot Litecoin ETFLitecoin ( NYSE:LTC ) has recently experienced a sharp spike, rising over 10% and touching $71.29, following a significant move by Canary Capital. The asset management firm submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) for a groundbreaking Litecoin Exchange-Traded Fund (ETF). This marks the first-ever attempt to launch a Litecoin-linked spot ETF in the United States, potentially revolutionizing the way consumers and institutional investors access Litecoin. Canary Capital’s Filing: What It Means for Litecoin The S-1 filing by Canary Capital represents the initial step in a multi-stage regulatory process required to introduce new securities to the U.S. market. If approved, this ETF would allow investors to gain exposure to Litecoin ( NYSE:LTC ) price movements without directly purchasing or holding the cryptocurrency. By offering a regulated investment vehicle for Litecoin ( NYSE:LTC ), Canary aims to attract both individual and institutional investors who have been hesitant to engage with digital assets due to concerns over regulation and security. Interestingly, this move follows closely on the heels of Canary Capital's recent filing for a similar XRP ETF. These back-to-back filings underscore the growing trend among asset managers to explore traditional investment vehicles for cryptocurrencies, highlighting the increasing demand for secure and regulated access to digital assets. Canary Capital's CEO, Steven McClurg, brings a wealth of experience to the table, having previously served as the Chief Investment Officer at Valkyrie Investments. Under his leadership, Valkyrie was among the early applicants for Bitcoin futures ETFs, which adds credibility to Canary’s current push for Litecoin and XRP ETFs. However, it is important to note that this filing is only the first step, and the firm must also file a 19b-4 application to request a rule change at the stock exchange where the fund will be traded. Litecoin’s Unique Position: Why This Matters Litecoin ( NYSE:LTC ) has long been considered the "silver" to Bitcoin's "gold," but its appeal extends beyond this analogy. One of Litecoin’s standout features is its transparent and fair launch, with no pre-mines or token sales, which has helped it avoid much of the regulatory scrutiny faced by other cryptocurrencies like Solana. This unique feature positions Litecoin favorably under SEC regulations, making it a strong candidate for a spot ETF. As noted by Alex Thorn, head of research at Galaxy Digital, the absence of an initial offering (ICO) for Litecoin may reduce its risk of being classified as a security by the SEC. This could provide a smoother pathway for the approval of a Litecoin ETF, making it one of the most likely cryptocurrencies to succeed in this regulatory environment. ETF, Regulation, and Institutional Interest The filing of a Litecoin ETF follows the broader trend of regulatory advancements in the cryptocurrency space. Earlier this year, the SEC approved both Bitcoin and Ethereum futures ETFs, sparking a wave of interest among institutional investors seeking regulated exposure to digital assets. The introduction of a Litecoin ETF would continue this trend and further solidify Litecoin’s position as a viable and trusted cryptocurrency for mainstream investors. Nate Geraci, president of The ETF Store, commented on the political dynamics surrounding these filings. He noted that regulatory outcomes might be influenced by upcoming elections, suggesting that a shift in political leadership could create a more favorable environment for cryptocurrency investments. If these political shifts occur, it could lead to a rapid approval of not just the Litecoin ETF, but other spot ETFs as well, providing a major boost to the overall cryptocurrency market. Technical Outlook From a technical perspective, Litecoin ( NYSE:LTC ) appears to be gearing up for a significant breakout. The coin is currently up 1.51% and is trading within a tight rectangular pattern, which often indicates indecision among traders. However, Litecoin ( NYSE:LTC ) has formed a bullish symmetrical triangle on the daily chart—a classic technical indicator that frequently precedes strong breakouts. Furthermore, Litecoin ( NYSE:LTC ) has successfully broken out of its descending channel and completed a strong retest, which is an essential sign of confirmation. The cryptocurrency is now gaining momentum and testing areas above support point, a bullish signal that could suggest continued upward movement. If NYSE:LTC manages to break the upper resistance of the symmetrical triangle, which aligns with the pivotal $75 price point, it could trigger a new bullish campaign with the next target set around $100. The all-time high (ATH) for Litecoin was $412.96 back in 2021, and while the cryptocurrency has since experienced significant corrections, the current momentum suggests that a return to those levels may not be out of reach. With institutional interest building through the proposed ETF, the likelihood of a sustained rally becomes even stronger. Key Resistance and Support Levels to Watch The first significant resistance level for Litecoin is around $75, which, if breached, could open the door to further upside potential, targeting $100. Beyond that, a successful rally could see Litecoin ( NYSE:LTC ) approach its former highs. On the downside, the immediate support is around the $68 region. A fall below this level could indicate a potential bearish turn, with further support around $61. Conclusion: A New Era for Litecoin? With the filing of a spot Litecoin ETF and increasing institutional interest, Litecoin ( NYSE:LTC ) is set for substantial growth. The regulatory landscape is becoming more favorable for cryptocurrencies, and Litecoin’s fair launch and lack of pre-mine give it a unique advantage. Technically, the coin is showing strong signals for a breakout, which could lead to significant price increases in both the short and long term. If the ETF is approved, Litecoin ( NYSE:LTC ) could see a massive influx of new investors, pushing its price to new heights and possibly reclaiming its status as a top-tier cryptocurrency. For now, all eyes are on the SEC, and the next few months will be critical in determining Litecoin’s trajectory.
BINANCE:LTCUSD.PLong
by DEXWireNews
Litecoin Surge 5% on Speculation of An ETF Filing Litecoin ( CRYPTOCAP:LTC ), the pioneering Proof-of-Work (PoW) digital currency, has recently gained renewed attention following Canary Capital’s filing of a spot Litecoin ETF application with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone, as it's the first of its kind in the United States, potentially offering investors institutional-grade exposure to the cryptocurrency. Canary Capital, a U.S.-based asset management firm, filed the Form S-1 with the SEC, naming the product the Canary Litecoin ETF. This filing follows a similar push from the firm earlier this month for an XRP ETF, signaling growing interest in expanding regulated funds tied to digital currencies. Litecoin’s Unique Position in the Market Litecoin ( CRYPTOCAP:LTC ), launched in 2011, is one of the oldest and most battle-tested cryptocurrencies. Its blockchain boasts a 100% uptime, making it a reliable digital asset in a market known for volatility and disruptions. Despite its longevity and utility status, Litecoin’s influence has waned in recent years, with newer blockchain projects overtaking it in rankings and market share. However, Canary Capital sees this as an opportunity. In its filing, the firm expressed strong confidence in Litecoin's enterprise-grade utility, citing its scalability and resilience as reasons why an LTC ETF could offer investors significant value. While the approval odds for such products have historically been low, especially in the U.S., Litecoin’s status as a commodity could work in its favor. This distinction may allow the SEC to approach the application with a more favorable outlook. Implications for Litecoin ( CRYPTOCAP:LTC ) In the wake of the ETF filing, Litecoin's price saw a significant 6.5% surge, reaching $71 within 24 hours. Historically, institutional interest in cryptocurrencies, especially through ETF filings, has driven substantial price action. Should the Canary Litecoin ETF gain approval from the SEC, it could trigger a broader rally for the digital asset. Though the market has yet to see how the SEC will respond to this proposal, investors are optimistic. Historically, cryptocurrency ETFs have faced regulatory hurdles, but a successful approval could pave the way for Litecoin to reclaim its place among the top-tier digital assets. Technical Outlook On the technical front, Litecoin ( CRYPTOCAP:LTC ) is showing signs of gearing up for a significant move. As of this writing, CRYPTOCAP:LTC is up 4.19%, trading within a tight rectangular pattern, a sign of indecision among traders despite the coin's recent gains. However, Litecoin ( CRYPTOCAP:LTC ) is forming a bullish symmetrical triangle on the daily chart, a classic technical indicator that often precedes a strong breakout. This potential breakout could be triggered if CRYPTOCAP:LTC breaches the triangle’s upper resistance, which aligns with the pivotal price point of $75. If Litecoin ( CRYPTOCAP:LTC ) manages to break above this key level, it could ignite a renewed bullish campaign, with the next significant price target set around $100. Given that Litecoin's all-time high (ATH) was $412.96 in 2021, a return to those levels could represent a substantial upside for investors. Fundamental Catalysts In addition to the technical indicators, fundamental factors could further drive Litecoin's price upward. The filing of the ETF proposal adds legitimacy to Litecoin’s role in the broader crypto ecosystem. Furthermore, as interest in digital currencies continues to rise, an approved ETF could increase demand for CRYPTOCAP:LTC , attracting both retail and institutional investors. While Litecoin ( CRYPTOCAP:LTC ) has lost some of its luster compared to newer blockchain projects, it remains a solid, reliable asset with a strong track record. The combination of technical signals and the potential for regulatory approval makes Litecoin a cryptocurrency to watch closely in the coming months. Conclusion The Canary Litecoin ETF filing has already generated significant excitement among investors and could mark a turning point for $LTC. With a strong technical setup and bullish fundamentals, Litecoin ( CRYPTOCAP:LTC ) seems poised for a significant rally if the ETF gains approval from the SEC. For long-term holders and traders alike, Litecoin’s resurgence could be one of the major stories of the upcoming crypto cycle.
BINANCE:LTCUSD.PLong
by DEXWireNews
#LTCUSDT #1D (ByBit) Ascending wedge breakdown and retestLitecoin lost 100EMA acting as resistance now and is pulling back towards it, more retracement down seems likely on daily. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (5.0X) Amount: 5.0% Current Price: 64.32 Entry Targets: 1) 65.78 Take-Profit Targets: 1) 55.34 Stop Targets: 1) 71.01 Published By: @Zblaba CRYPTOCAP:LTC BYBIT:LTCUSDT.P #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +79.4% Possible Loss= -39.8% Estimated Gaintime= 1 month
Short
by TradingOn
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour. All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal. Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSDLong
by TradingShot
1