EXTREMELY OVERBOUGHT ON LTC !!!!!!! Hello, everybody! If you like the concept, don't forget to like and follow it.
Ltc reached its limit in the ascending channel as it continued to rise.I anticipate a significant asset price decline once the price reaches the channel as the RSI and BB both indicate extremely overbought conditions (1H and 30m TFs).
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LTC
Ltc closes a daily candle above the inv h&s necklineFinally a daily candle close above the inverse head and shoulder neckline for litecoin. Many alts have had an initial neckline penetration that then went back below the neckline for awhile before finally triggering the second time it went back above the neckline so it’s possible litecoin could also follow this same behavior. However we can see the 1day 50ma already starting to curl up here and considering there appears to be quite a lot of momentum occurring across the cryptosphere, its entirely possible litecoin could trigger the invh&s breakout on the first time above the neckline. Worth keeping an eye on. Should know within 3 daily candle closes if it is going to validate the breakout now or later. *not financial advice*
LTC/USD - Litecoin UNCHAINED. The new market leader! 🚀Litecoin is the current market leader. Forget about Bitcoin or Ethereum, they are lagging behind.
There's a new kid on the block and it's kicking ass. SINCE 2011!!!
Litecoin has done what no other coin did this past week... a BREAKOUT!
HOLY CRAP. This is important.
I hear rumors that LTC and similar proof of work coins may get some positive regulation on them following the endless proof of stake scams that keep coming.
This is excellent news for BTC, LTC, VTC, Doge and other coins you actually have to mine and not print from thin air... like SOLANA or FTT. LOL
The price action is bullish and if you fancy getting some juicy LTC, then have buy orders at the re-test level of this breakout, around $74.
If the retest is successful, then LTC's next target will be just under $100... JUICY.
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LTC on the move!BINANCE:LTCUSDT Update to prior chart which was posted a few months back: So far so good. I am seeing this pump to near $96 in coming weeks, month/s before any strong moves back down.
Good news for careful-traders is that the fractals show a return to $56 level after this pump ends - right in time for the pre-halving dump. As history has shown, each LTC halving (mining difficulty increase) is preceded by a pump/dump testing prior levels, before flying to new highs. Expect LTC to continue leading the alt-coin market, serving as a fine canary for other altcoin moves.
Insofar as fundamental analysis for LTC: it has been around as long as BTC, it has survived, it has suffered ZERO network shutdowns in its decade+ existence, and now features the OPTION of private transactions with MWEB. It should be noted that Mimblewimble is the wildcard for LTC during this crypto season. It could halt its growth due to regulatory demands, or it could make it fly to unknown levels - as a market result of regulatory demands.
Not financial advice.
Why LTCUSDT Can Increase Another +50% 📈Hi 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. 👩🏫
Unlike most of the cryptocurrency market, here's an altcoin that has been bullish over the last two weeks; Litecoin / LTCUSDT. IF we can CLOSE a weekly candle above the next immediate resistance zone around $75, $100 becomes a highly realistic target. It is though, important to see how the price will react at the resistance zone before entering the trade.
Since you're here 👀 Here's my outlook on BTC :
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Litecoin and it's historical patternsLitecoin on the two weeks has already secretly started building momentum as shown by the STOCHASTIC RSI on the very bottom. This move should carry it up into the yellow box to consolidate until it does it's final break out to new highs. Once the fifty dollar price point leaves it will most likely be gone fore ever. It's new should be around one hundred dollars.
Litecoin facts.
1 The mimble wimble addition has added privacy to Litecoin
2 Litecoin is the longest running chain without interruptions and has actually never been down
3 Litecoin will undergo its third halving on the 14th of July 2023 and will go to 6.25 block rewards which as rare as Bitcoin until bitcoins next halving in 2024
This is not financial advice.
LTCUSD Take Profit at 63.82 Expect Litecoin to be bullish for the next 16 hours. Seek an entry near Pivot Point Level.
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the LTCUSDT chart, taking into account the one-day interval, we can see that the price does not record large drops despite the low stability of BTC. The yellow lines mark the uptrend channel.
Looking at the support levels, we can define several levels, first we can define support at $59, then $55, $52, $49, and $45.
Looking the other way, we see first resistance at $63, second at $67, third at $72, and fourth at $88.
Please pay attention to the CHOP index, which indicates that we are gaining more and more energy, the MACD indicator indicates an uptrend, but the volume, although not large, indicates the advantage of sellers.
Litecoin | Not Ready, Not YetWe have a strong rejection on the 7th November for Litecoin (LTCUSD) and we are currently seeing a continuation of this move...
Litecoin together with the rest of crypto/Bitcoin, is not yet ready; Wait for the bottom.
We can see a lower high 20-Nov. compared to 7-Nov. and today a break below EMA10.
This tells us that lower support levels are likely to be tested in the coming days.
We will give you the charts once the bottom is in, so that you can take advatange of maximum potential and long-term growth/gains but Litecoin is not ready yet.
The support levels are marked on the chart.
Thank you for reading.
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Namaste.