LTCUSDT 1D Interval - Resistance and SupportI invite you to review the LTC to USDT chart on a one-day timeframe. We will start by marking the sideways trend channel and then we can mark the local downtrend line.
Now, with the help of Fib Retracement, we will check the resistance places for the price, and here we see that we first have a strong resistance zone from $74 to $82, when we manage to break it and test it positively, we have another resistance at $93 and $107.
Looking the other way, we can mark the support areas, as you can see we have the first support at $68, the second at $62, then we can mark a strong support zone from $57 to $48, however, if it is broken and the price drops below the lower limit of the channel, we have another support at $40, which is my last low.
As we can see on the CHOP index, the energy has been used for the last move, the MACD confirms the downtrend, while the RSI touched the upper range, which means that we can expect a price correction.
LTC
The Macro Defying Bullish Continuation In LitecoinWe had a bit of a bearish pullback because of Bitcoin and it was tradable thanks to the Bearish BAMM but now Litecoin just finds itself back at a major support that happens to align with the 200 SMA and the 1.414 Butterfly BAMM PCZ. If Litecoin can pivot from here i think it will go for that $99-$105 target though a more short term target would be $74-$77
XRP & LTC - Profitable Altcoins for 2023Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
If I haven't already told you, Happy New Year 🥂
I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low and altcoins that are known to pump and dump independently of the overall market trend (bearish or bullish). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XRPUSDT and LTCUSDT.
Check out my NEAR TERM view on BTC here : 👀
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💲Litecoin Will Continue To Rise?💲💲Litecoin Will Continue To Rise?
💲Looking at the entire crypto market, Litecoin stands out very positively.
💲It has been trending up and up for some time now, maintaining its strong upward trend at a time when most cryptocurrencies are stagnant.
💲We are currently at a strong support zone which is holding the price for now.
💲The nearest resistance zone is near the recent highs.
💲Looking at the technical environment, a continuation of the uptrend currently seems very likely.
💲The scenario I am playing out is a continuation of the increases with the target at new local peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
LTCHello from the hamster cage! =))
The new stable - BTC prompted me to return to scalping these weeks, total: 10% to the deposit within 1 week. Either there are no nerve cells left, or I am confident in my trading system, but my emotions have become much less.
LTC has completed the 4th wave of growth, now we are forming wave 5.
There is also a zone of imbalance and SMMA playing the role of resistance on 3D timeframe.
Besides I expect to see a classic bearish divergence when the wave 5 is formed.
I will start taking some short positions in the red zone.
At the moment I am considering longs when the price comes to 73.47, 71.97, 70.46
Happy New Year everyone! This year, I promise myself to diligently keep a diary of situations and finally get into YouTube. I want to do reviews on trading, but I can’t decide in which language: English or Korean =(
What do you promise yourself in the new year?
Litecoin to find support at previous resistance?Litecoin - 22h expiry - We look to Buy at 71.01 (stop at 69.14)
Short term bias has turned positive.
20 8hour EMA is at 70.60.
Previous resistance at 71 now becomes support.
We look to buy dips.
Our profit targets will be 75.69 and 76.69
Resistance: 76.34 / 78.00 / 79.50
Support: 74.00 / 71.00 / 70.00
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STRAXUSDJust having a look at Strax, Strat, Stratis and the chart is looking pretty nice. Most of my "3 Reasons For a Trade" are here
We have Location: Price right at the bottom of original support
Indicator confirmation: So we have OBV which is pretty bullish and in the positive numbers, people are accumulating. Seeing HL in the histogram and bullish divs working. RSI is kind of no where but when you look at the history of the RSI on Strax you can see its actually never gone into over sold. Its still creating HL while price is making LL. Willy is stupidly over sold and thats exactly where i want it when im looking to take nibbles. Price is trading at the POC and all I need now is a W in price.
Long story short, to me this is nibble worthy and I will be risking to the lows.
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Litecoin - LTC at important volume profile POC year end 2022👀🐻Litecoin
Bears will try to defend $76.76 - important volume profile POC year end 2022👀🐻🚨🚨
Will LTC get the bullish breakout or come down with US markets from tomorrow on dear Crypto Nation❓
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Out of range, LTC as risky business The long term trading range was broken already a while ago. Bottom of the rising wedge is now confirmed. For now staying on sidelines to observe further price action development. At the moment most of crypto assets look similar. It's a risky business until the channel is regained. For now I'm bearish.
BTCDBeen a while since I updated BTCD here on Trading View, 2020-2021 was my BTCD year where most of my analysis hit the targets.
Reviewing this monthly chart we can see the Stoch RSI is bouncing off the 1/2 way level between overbought/sold.
The diagonal has likely completed Wave 4 and W5 should hit that top expanding TL and likely overthrow , so we can assume 49-52% for now to finish the 5th.
And what this analysis means is only 2 possible scenarios:
1) BTC & BTC coins (BCH,ADA,DASH,XRP,LTC to name a few) will all get big moves up after BTC leads. Then once the final drop hits ETH and the rest of the alts will pump.
2) BTC will Nuke to my $10-$12K targets which isn't to far away from the recent ATL around $15K. But Altcoins will drop another 50-70% from these levels.
TBH I favor option 2.
ETH is still not below June 2022 levels $900 while many alts have already broken below June lows and most seem to be headed back down as we speak.
LTC - Positive momentumLTC has been trading in a range with positive momentum over the past week. LTC trades below the $70-$72 resistance range and the $62.1-$64.3 support range. But if you pay attention to the chart, the trend was downward before entering the range area. Therefore, we can draw a downward trend line, and if this dynamic support breaks, we can receive a price reduction signal. Also, in the 4-hour time frame, double ceiling patterns are forming under the roof of this resistance, which will be confirmed if the trend line is broken.
More accurate linear support can be considered at the price of $67.5. We can consider this range almost as the midline of the channel range, which in case of collision, there is a possibility of reacting to this level for minor fluctuations. But in the bullish scenario, if the current resistance is broken by buying pressure and the price growth continues to the level of $73.6, we can consider the resistance broken, and after the pullback to this level, expect to continue the upward movement to the $77 range. to be