Alikze »» LTC | Ready to defeat the dynamic triggerIn time W1, after a three-wave correction cycle, now after an upward movement with the failure of the swing and pullback, it has encountered support in the area of 61.8 Fibo, which must now be above the $75 range to break the dynamic trigger. Consolidate to advance to the $100 range supply zone. Therefore, if it is placed above the area, it will have the ability to grow up to the specified supply area. We should probably see a demand for failure in this area.
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LTC
A risky entryLitecoin DES currency is placed in a symmetrical triangle, so the exit from each side allows the possibility of 20% growth or fall for this currency.
There is a possibility of growth for this currency in the time of 4 hours because it is now in an important support range and we can have a long position with good risk and reward as mentioned in this video.
We also identified two other important support ranges for this currency, which we can consider as entry steps for the said signal.
On the other hand, we also determined important resistance ranges for this currency
LTC/USDT 1HInterval ReviewI invite you to review the LTC pair to USDT chart. In this situation, we will start by defining the downtrend channel using the blue lines.
Going further, looking at the current price decline, we can determine a strong support zone from $67.55 to $66.41, which is also at the lower border of the channel.
Looking the other way, there is resistance at $68.76, then the price rebounded from the resistance at $69.64, and then significant resistance at $71, at the upper limit of the downtrend channel.
On the RSI indicator, you can determine the downward trend line under which it is moving, with dynamic price movements down, while on the STOCH indicator there is still some room for another rebound.
LTCBTC Potential ReversalLitecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring it remains above the 0.001341 support. Should this condition be met, LTCBTC could be preparing for an upward surge toward the 61.8% Fibonacci resistance. Notably, this level aligns with a previously established supply/demand zone, adding an extra layer of significance to the potential reversal scenario.
BINANCE:LTCUSDT | +500% Profit potential in the bull run On 1W chart LTC is consolidating in the support zone and this consolidation is good for the next trend of the LTC in the bull market.
This is a good place to buy some LTC and hold for the long period and sell it during the upcoming bull run
Allocate only small portion of your overall investment portfolio for this. Preferrably less than 0.5%
Regards,
VectorAlgo
LTC/USDT ascending channel bullish breakout? 🚀Litecoin💎 Yello, Ladies and Gentlemen prepare for a thrilling opportunity with #LTCUSDT, as it's currently navigating through an ascending channel, hinting at a potential bullish leap.
💎 Upon examining #LITECOIN, we've noticed its consistent trajectory within an ascending channel over the past few days. Presently, with its strong upward momentum, should it break above the channel and maintain this thrust, there's a high chance it will aim for the daily resistance level above.
💎 Ready to seize every chance? Stay vigilant for any slip below the channel with $LTC. In such an event, adopting a calm and strategic stance for a bullish rebound from the lower demand zone at $68.84 becomes our play, buoyed by the substantial liquidity present there. And if it dips below that? It’s time to brace for a potential drop and adjust our strategy accordingly.
Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go.
When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened.
In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas.
The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days.
Thanks for watching, support for more market insight and all the best!
The market-conditions are often the real source of truth.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
ELON Dogelon Mars Move Incoming 20xDogelon Mars looks like once it breaks the downtrend and finds support its going straight up. Probably following Doge while its doing the same thing. I dont think this will go any higher than a 20x and thats being generous. At 20x your're looking at almost 2 Billion market cap. Im thinking Dogelon does a 10x at least with a likely 12-15x and 20x if Doge has a massive blowoff. This is just my opinion not financial advice.
"Litecoin: Major Opportunity as Bullish Momentum Builds"Litecoin: Navigating a Major Buy or Sell Opportunity as Bullish Momentum Builds
Litecoin, often dubbed the "silver to Bitcoin's gold," is currently at a critical juncture in its price action, presenting traders and investors with a significant buy or sell opportunity. Over the past six years, the market for Litecoin has been characterized by corrections, but each multi-year low has consistently formed a higher low, establishing a robust support level.
This pattern of higher lows underscores the resilience of Litecoin's market structure and suggests accumulating buying pressure at key levels. Now, as Litecoin approaches a pivotal moment, all eyes are on whether it will break out to the upside, surpassing the multi-year resistance level marked in red on the chart.
A breakout above this critical resistance level could signal the start of a bullish trend reversal and potentially ignite a sustained bull run. With Litecoin poised to challenge all-time highs, investors are closely monitoring the current pennant formation, marked by the black triangle on the chart, for clues about the coin's next move.
The pennant formation is a technical pattern characterized by converging trend lines, signaling a period of consolidation before a potential continuation of the prior trend. In the case of Litecoin, this consolidation phase could be setting the stage for a decisive breakout, either to the upside or downside.
For traders assessing this buy or sell opportunity, it's essential to consider the broader market context and key technical indicators. The pattern of higher lows provides a strong foundation of support, while the multi-year resistance level represents a significant hurdle for Litecoin's bullish aspirations.
As Litecoin navigates this critical juncture, investors must exercise caution and closely monitor price action for signs of a breakout. Whether Litecoin breaks out to the upside and embarks on a bull run or faces rejection at the multi-year resistance level remains to be seen. Nonetheless, the current pennant formation presents a compelling opportunity for traders to capitalize on Litecoin's next major move in the cryptocurrency market.
LTC Litecoin Price TargetAfter LTC reached its last price target:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for LTC Litecoin is the next resistance, $75.75.
"Analyzing Long-Term Support of LTC to Identify Opportunities"COINBASE:LTCUSD is currently trading above a significant long-term support level that has held for 1890 days, as evident from historical price interactions. This support has consistently resulted in a bounce for LTC whenever the price approaches it. While we anticipate another bounce, it is prudent to acknowledge the possibility of a breakdown. Fortunately, the risk associated with this trade is minimal due to a short stop-loss (SL). The trade appears favorable with a low risk and a potentially high reward.
Turning our attention back to the chart, the symmetrical triangle pattern observed indicates similarities with a previous breakout, leading to a substantial 500% increase. The formation of a similar pattern now suggests the potential for another breakout, which could lead to a significant upward movement. Noteworthy resistance levels during this anticipated movement include $79, $135, and the all-time high (ATH).
It is imperative to emphasize that this analysis is not financial advice. Investors are strongly encouraged to conduct their own research (DYOR) and base their decisions on individual risk tolerance and market comprehension.
LTC - THIS INDICATOR says SELL 🤔📉Hi Traders, Investors and Speculators of Charts📈
Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) only AFTER the BTC halving, which is set to happen in April.
So far, we've seen a correction / pullback across all crypto's. BTC corrected from 48k to 41K and now hovering around FWB:42K where it has found support. But across most altcoins, the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts.
The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over.
For the short term though as pointed out, I'm expecting LTC to trade range or perhaps even slightly lower. This is a great re-accumulation zone, incase you missed the first one.
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CryptoCheck
BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD
#LTC Suppressed PA#LTC
On the weekly we can notice LTC hasnt moved very much similar to the last cycle.
The indicator below is BBW (Bollinger Band Width). When it is low, this means that the bollinger band is tight = volatility is suppressed.
I will go ahead and buy some LTC here for a swing spot, will update in due time.
Price ReactionsThe trend for Litecoin on a weekly timeframe is downward. A descending trendline has been established, and due to the recent lag in growth, the price has revisited the descending trendline area, resulting in a decline. The orange support box at the Fibonacci 0 level is identified as a crucial support area, which has repeatedly influenced price reactions. At present, it is anticipated that the price will fluctuate between the established support box and the descending trendline. A breach in price on either side could significantly impact the overall price direction.
BTC futures dictate price, people still don't get itSince the price action reversal on CRYPTOCAP:BTC it has been struggling.
(also sold CRYPTOCAP:ETH & CRYPTOCAP:LTC few days later)
There is way too much positivity in this space for what's happening.
#bitcoin is at the top portion of the gap, but may not hold and will likely fill & trade lower.
We have been huge proponents of using futures data vs spot #BTC
If you only use spot CRYPTOCAP:BTC you're at a disadvantage
RSI looks similar but look @ $ flow
Futures #BTC showed cracks in mid/late December
#Bitcoin Fibonacci
50% from RECENT trend low = 37k
50% from 12/22 low = 32