LTC
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders!
The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions.
Litecoin Setup (Part. I)
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Trade with care
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Litecoin Reversal: Case for a Bearish Head and Shoulders PlayHello everyone, I'd like to share with you my current outlook on the Litecoin market, based on the technical analysis of the LTC perpetual futures contract. I've identified a formation that prompts some caution: a potential Head and Shoulders pattern that's taking shape on the daily chart.
This technical indicator is traditionally interpreted as a precursor to a bearish reversal. You can see here the central peak, which is higher—that's the head—and the two other peaks, roughly at the same height, are the shoulders. This pattern is confirmed by decreasing volume, which bolsters my belief in an upcoming trend reversal.
Therefore, my strategy will be to set up a short position as soon as we see a convincing breakdown of the support level, which is just below the current price. I've set my downside target at around 60 USD, down from the current level of about 97 USD. This potential profit zone is clearly marked here in red.
LTC IS READY FOR A MASIVE MOVE!🚀CRYPTOCAP:LTC has recently bounced from its long-term support level which has held for 1900 days, as indicated by historical price interactions. It has broken out of the symmetrical triangle pattern and is currently being it, with $78 serving as support. In the past, when it previously broke out, it bounced around 500%, so we can expect a similar move this time too.
During this anticipated movement, it's important to note that there will be resistance at the $135 level, as well as the all-time high (ATH).
#DYOR #NFA
Cryptolean Litecoin LTC UpdateIn the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.
However, it recovered strongly, re-confirming $80.43 as a support.
The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.
A bullish break-out of $92.07 is needed to have a rally towards $100.
A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.
Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move ComingMartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Dinosaur Coins - LTC, IOST, ENJ and ICX - BIG Move Coming
If you understand market structure then you would see that these coins have great potential for a move higher . The all look to be setting up for a move in the near future . The bull market is here so do not sleep on these coins .
Please watch the video for more information
WIF Is Going To Come Down Hard Be CarefulWIF is way overextended and overvalued. There is bearish divergence on many indicators on almost all higher timeframes. I think WIF comes down to tap the trendline at $1.40 and a small bounce then it falls swiftly into the wedge again. Where is goes from there I dont know but I will update the chart at that time.
This is not finainclal advice this is just my opinion.
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LTC: buy-low .. sell-high📊Analysis by AhmadArz:
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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📈LTC Analysis: Short Position Opportunity in Volatile Market🔥🔍Today, we are focusing on analyzing LTC for future prospects. It's worth noting that it's Monday, typically associated with lower market volume and increased market volatility.
🔒On the 4-hour timeframe, we find ourselves within a trading range, with the resistance ceiling at $94.34 and the support floor at $82.97. A recent rejection from the upper boundary suggests that sellers have more strength compared to buyers. Thus, initiating a short position could be a more secure move.
📉In case the $82.97 support level is breached, entering a short position with a target price of $75.98, accompanied by a well-defined stop-loss, could offer a minimum risk-reward ratio of 2.
💎The SMA7 indicator has converged with the price, potentially signaling further downward momentum. If the SMA7 fails to maintain the trend, we'll wait for confirmation from the SMA25. Failure on both indicators may lead to a sideways movement, possibly retesting the upper boundary of the trading range. 📊In the recent downtrend, the volume of red candles has diminished compared to the initial wave. While this could be attributed to the typically lower trading activity on Sundays, a resurgence in volume from tomorrow onwards is essential. Failure to observe increased volume could indicate weakness in the trend.
💥 Additionally, the RSI oscillator provides a critical support level at 32.64. Simultaneous breach of the $82.97 support level and the RSI support could serve as another confirmation for a short position.
❌In conclusion, vigilance is paramount today. If the short position trigger is breached or if setting a large stop-loss to avoid unnecessary risk or setting too small a stop-loss to quickly hit the target, it's crucial to maintain a balanced approach.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
Cryptolean Litecoin LTC Update Litecoin found a support at $80.43, the key daily support zone, and we see a bullish reaction from this level.
A bullish reversal from $80.43 is likely, assuming we see bullishness back in CRYPTOCAP:BTC , and will result in a move to re-test $88.82-$92.07.
A bearish break-out of $80.43 will push #LTC price lower towards $73.31, however the price action may be slow and choppy.
Intraday Chart
The LTCUSDT 4-Hour chart is neutral and moving to the key intraday resistance at $87.89.
A bearish rejection of $87.89 will lead to Litecoin price declining to $80.29, the key intraday support.
A bullish break-out of $87.89 will push price to re-test $91.97 and, possibly, higher to $96.84-$100.31, where the price action will be very important.
Support once read!
Thank you.
LTC: Double bottom reversal coming!The price of LTC has formed a double bottom, and we may soon witness a big breakout to the upside! If you're looking to trade LTC at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 106$ and take profits at the levels shown in the chart.
Targets:
1. 112$
2. 120$
3. 120$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
LTC after the Pullback can continue to go upLTC after the Pullback can continue to go up
🔵Entry Zone 81.87 - 84.29
🔴SL 74.52
🟢TP1 90.27
🟢TP2 98.88
🟢TP3 107.98
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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XRP About To Print A God CandleSo it looks like XRP is a bit of a lagard in this run. This only means that its even more coiled for an even more explosive move. BBWP which measures volatility is starting to move up but still very low. The measured move would be aroun $50 dollars. I dont know what will make this happen but perhaps banks adopt XRP in full since the the building of the project around XRP is and has always been around banks.
Keep this in mind. Over the next few years I expect banks to really start falling like dominoes. so if XRP is going to be the bankster coin it will skyrocket and will reach this price if not higher just from the FOMO and then crash with the banks. That will be the top for XRP for a very long time and probably will not participate in the second half of this bull run from 2026 to 2030 as the united states and the world enter a massive revolution and restructuring of our monetary system.
The RSI and MACD are showing that XRP is losing steam over the years, much more so than other stronger cryptos. In my opinion if I was holding XRP and I am not, I would put a sell order at $40 and walk away. When that is hit move all that right into Bitcoin, Litecoin, Dogecoin and possibly Eth and ride the parabolic stages of the bull run straight up for the next few years.
Good luck out there my friends. None if this is financial advice its jsut my opinion.
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PEPE About To CollapseBearish divergence on RSI once RSI breaks the median PEPE is coming straight down to the 382 before moving up again. The whole market will probably correct as well, just PEPE will have a greater correction because of how fast it went up. What goes straight up comes straight down. I think Pepe will top out in the first half of this bull run around the end of this year or maybe 2025 I don't know when this first half will be over. After that PEPE will collapse with the rest of the useless crap out there as we enter hyperinflation. Only strong will survive at that time. So far my only list of survivors are BTC, LTC, DOGE and maybe ETH if ETH's rising wedge doesn't break. If ETHs rising wedge breaks its GG for ETH just like Luna.
None of this is financial advice this is all just my opinion.
LTC → Time to take a break?As evident, the current price resides within the "OB" region, exhibiting a discernible reaction.
Furthermore, it is observable in the "POI" segment . At this juncture, it is prudent to commence local examination within "LTF" intervals of either one hour or 15-30 minutes, seeking confirmation of the breach in the "BOS" structure, subsequently formulating strategic outlines.
The targets attainable are demarcated by black squares, strategically positioned in proximity to significant liquidity aggregations.
Could LITECOIN #LTC do a 100X versus #HEXRichard Heart used to mercilessly make fun of Charlie Lee, #Litecoin and it's holders
But we see a clear inverse Head and Shoulders in the making.
How could we see this massive divergence of fortunes occur.
I have touched on this a couple of times.
There are only a handful of legitimate Proof of Work coins left in the top 100.
BTC, LTC, XMR being the top 3 right.
All 3 have the Lindy affect of being in existence multiple crypto cycles.
BTC and LTC are most definitely going to be traded on a Nasdaq digital exchange when that is created. XMR due to its privacy functionality will likely not be listed.
So a Four figure Litecoin and a Hex price that flounders, here along the bottom, maybe further dropping a 50-100% and we can hit this ratio quite easily.
Best of Luck on your speculations.
Litecoin: consolidation in mid-term?Hi Traders!
From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2).
The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
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