Will Litecoin find support at current levels?Litecoin - 24h expiry - We look to Buy at 90.01 (stop at 87.81)
Daily signals are bullish.
The sequence for trading is higher highs and lows.
The previous swing low is located at 87.98.
Preferred trade is to buy on dips.
50 1day EMA is at 90.08.
Bespoke support is located at 90.
Our profit targets will be 95.51 and 96.51
Resistance: 95.00 / 97.50 / 100.00
Support: 93.50 / 92.00 / 90.00
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
Litecoin - the anatomy of a trading range - rsi editionLitecoins halvings creating nice rallies during the bear market in between Bitcoins halvings.
This is a chart showing majority of the divergence / hidden divergence on the timeframe selected.
The halving is due in August 2023.
if there is a throw back after the current hidden bear div is locked in, the sweet spot is marked.
be sure to have a profit taking system that's methodical.
LTC global accumulation channel with a step of 500%304 - global resistance level
33.56 - global support level
96.51 - local resistance! the level is formed by a stop of movement on a downtrend
Please note: there is a global accumulation channel with a 500% step, the price of the asset has now broken through the global downtrend and is trying to gain a foothold above it.
Litecoin ready to lead the market another 30%Litecoin has been moving beautifully but running into slight resistance around the $99 to $102 level. Which is the .236 fib level drawn in white.
Once we break through these levels I’m eyeing the overall fib drawn in yellow at $129. I’d expect this movement to be rapid, potentially within 1 daily candle.
From $129 the white fib .618 at $202 would be the next projected target.
Litecoin has definitely been leading the way but if BTC moves to $28,000 and gets rejected I’d expect LTC to see a rejection at the $129 level.
Whats everyone think?
LTCUSDTThe LTC in the daily after the congestion faced in the period between June 7, 2022 until October 29, 2022, it started 1 wave 1, and unfolded in 2,3,4 and now it is in wave 5, being able to reach 140.
At 4 o'clock it hit the upper band of the Keltner Channel and returned to the median, and now gaining momentum to return to the upper band
Here are the supports and resistances in the 4H:
Key support levels: 98.92 / 93.72
Main Resistance Levels: 104.05 / 106.05
LTCUSD Futures ( LTCUSD ), H4 Potential for Bullish RiseTitle: LTCUSD Futures ( LTCUSD ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 108.33
Pivot: 94.81
Support: 89.98
Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 108.33, which is the intermediate high is.
Alternative scenario: Price may head back down to retest the support at 89.98 where the overlap support is located.
Fundamentals: There are no major news.
LTCUSD Potential for Bullish Rise | 16th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 94.72, where the overlap support is. Stop loss will be at 88.25, where the recent low is. Take profit will be at 116.03, where the overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LTC: Approaching ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 70% since our trading video on LTC was published on Dec 18. We now wait for price to 1) break above $100 resistance, or 2) pull back near $85 support for a swing entry in Uptrend. Previously, price broke above $75 and $85 key levels, firmly reaffirming its uptrend. Reached our target of $100 resistance, where it encountered profit taking selling pressure.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $85 (previous resistance), then $75. The nearest Resistance Zone is $100.