LTC/BTC ~ 4-years channelPlan > retest 4-years channel (0,0032-0,0030 = ~ Fib 0,382) and moon
Target > ~ 0,010 - 0,013
Time > ~ 5-8 months (april-july 2023)
P.S. I know in the previous forecast I overestimated the bulls, it's because I thought we still have time before the start of the bear market.
But look how perfectly the channel worked.
I think that we will still test it, as a correction, before the moon.
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The first reason is that Bitcoin has not bottomed out. (13,000$ - 10,000$, perfect - 12,000$)
The second is that Litecoin has not bottomed in the USD pair (experience tells me that it is somewhere between $40-25, but if you see $30, don't wait for $25) or has not tested the intermediate bottom ($40).
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I don't think the bear will last long, it may take a few days or hours to resolve.
Maybe I'm wrong, and from here we will leave $ 100 or even more, you always need to have a back-up plan.
Keep abreast of the market
LTCBTC
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on.
First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating.
The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it.
So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind:
1) Bitcoin, did not finish the final candles.
2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low.
3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty.
What's next?
1) The red channel is over, that's understandable
2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece.
3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL.
PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth.
<--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) --->
Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end.
So let's buy it for $40... or $140.
Not long left waiting!
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market.
LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day.
This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00.
As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold.
the index is tracking at 18.21, its weakest point since November 2018.
The price has since moved away from earlier lows and is currently trading at 64.80.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin.
Rsi trend has bottomed along with the price action within this wedge.
RSI is showing bullish divergence over the last several weeks.
Volume has been flat or declining in this wedge, often a reversal signal.
This could be as much as a 30% move up to the next resistance area.
This is the product of two potential outcomes.
1. BTC declines while LTC remains flat.
2. LTC gains while BTC price remains flat.
🔥 Attention Litecoin Holders: Convert To BTC While You Can! 🚨If you enjoy this analysis, please give it a like and a follow.
Today is the big day: the third LTC halving will happen in a couple of hours. This means that the rewards from mining will be halved, same as the BTC halving.
Although the LTC halving has been generally a bullish event in the months before the halving, it has always been a bearish event once it has happened. Buy the rumor, sell the news.
As seen on the LTC/BTC chart, it has historically ALWAYS been a better option to convert your LTC to BTC after the halving. In other words, BTC has always outperformed LTC in the months after the halving.
Do with this info what you want. All I know is that Bitcoin will very likely outperform Litecoin for the coming months.
LTC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Litecoin: Bull Market TargetsWhen CRYPTOCAP:TOTAL and CRYPTOCAP:TOTAL2 enter their bull markets, large capital will look for save havens to increase their purchasing power.
While Bitcoin has proven time and time again to be an amazing hodl after the accumulation phase, it's R:R is reaching diminishing returns.
Major Altcoins that have proven the test of time, like Ethereum and Litecoin, will start to get more attention during these bull markets as a safe place to massively increase purchasing power.
Cross referencing Charlie Lee's Tweet, and the levels he's suggested vs Bitcoin, paint a very logical target for pattern and range traders anyway.
So, post halving - and into any liquidity events (COVID19, FTX Collapse etc as examples) - I will be looking to bag up Litecoin.
Litecoin (LTC) formed a bullish Gartley for upto 34% moveHi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC) with US Dollar pair.
Previously I shared a long-term trade signal for LTC, which is still in play as below:
Now on a daily time frame, LTC is about to complete another bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Rainy Outlook for LTC? 🌧️ Litecoin (ahead of its halving in less than a month’s time) faces cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. The same goes for XRP.
On the other hand, sunny weather ☀️ with a few scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
Follow us for more crypto weather reports!
Litecoin presents an interesting setup After finding its low at $40.32 in June 2022, Litecoin rose over 160% within the span of a half-year. However, since the February 2023 high at $105.69, Litecoin’s price trend has been erratic. Litecoin has been oscillating between the two converging bounds, forming an interesting setup that caught our attention. For now, we would like to stay out of the market and observe the situation. Ideally, we would like to wait for the price to approach one of the boundaries of the formation and then assess the opportunity.
Illustration 1.01
Illustration 1.01 displays the daily chart of LTCUSD. Two converging lines can be seen forming a pattern that resembles a symmetrical triangle.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Slightly bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Litecoin - $200 on the horizon: FRACTALHi Traders, Investors and Speculators of Charts📈📉
From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis :
By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. The fractal we're looking at in turquoise happened around the same resistance zone that we're currently facing. Three bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
✅ Bullish Technical Indicator CryptoCheck START v3.5
Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase.
Incase you missed it ! Here's yesterdays analysis on SOLUSDT :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT.P BYBIT:LTCUSDT BITFINEX:LTCUSDLONGS COINBASE:LTCUSD BINANCE:LTCUSD BINANCE:LTCUSDT KUCOIN:LTCUSDT KRAKEN:LTCUSDT
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) was one of Monday’s biggest losers, as prices fell by as much as 5%.
Following a high of 96.36 on Sunday, LTC/USD sank to an intraday bottom at the 91.79 level.
This drop sees Litecoin fall for a second consecutive session, after a false breakout of a ceiling at 96.00
prices were relatively overbought, with the RSI hovering close to a ceiling at 62.00, prior to the decline.
Previous LTC bulls likely shifted their positions due to the proximity to the aforementioned resistance point.
the index is now tracking at 52.00 after this sell-off, with a floor at 50.00 as a potential landing zone.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
LTC return 50% over the last year while BTC went negativeAre you feeling the sting of Bitcoin's recent losses? Well, fear not, my friend, because I have good news for you. Litecoin has been killing it lately, with returns of 50% over the last year. That's right, while BTC has been taking a hit, LTC has been flourishing.
So why not consider putting more of your investments into Litecoin? Not only has it been performing well, but it also has faster transaction times and lower fees than Bitcoin. Plus, with the recent announcement of a Litecoin debit card, it's becoming even more accessible for everyday use.
Don't get me wrong; Bitcoin still has its place in the crypto world. But if you're looking for a solid investment with impressive returns, Litecoin is where it's at.
So, what are you waiting for? Let's jump on the Litecoin train and ride it to the moon!
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%.
Following a low of 81.75 on Sunday, LTC/USD raced to an intraday high of 87.54 earlier in the day.
This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the 90.00 mark.
a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken.
price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00.
There is a strong possibility that litcoin could move above 90.00 in the coming days.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
Hit the like button if you like it and share your charts in the comments section.
Thank you...