LTC 12h Small correction up, and then down to $100Today's idea is to analyze the movement of the LTCUSDT price on a shorter timeframe within the framework of our global idea. We recommend that you re-read it now , and then come back here.
Two weeks have passed since the publication of the global idea, and what do we have? Now our expectations are being met and the LTCUSD price did not go above $168-170 , the high was $166, after which the price move down.
The most positive scenario for LTC that we see now is growth to $149-150.
After that, most likely, the price will move down to test the first liquidity zone of $97-100.
We have schematically showed the approximate price movement in the LTCUSDT pair for the next six months in a global idea , so like and comment , so that it will always catch up with you and remind you of itself.
And we will publish corrective ideas similar to today's one as the LTCUSD price moves.
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Ltcforecast
LTC-6h. A positive scenario - test of $220.On January 11, buyers failed to defend their local trend , in which the price of LTC moved from December 11. After living exactly a month, the trend broke.
Sellers misused the chance to start a correction , leaving the liquid range of $126-132 under the control of buyers. The breakdown of the trend line forced many buyers to close their positions, after which the price began its movement in the new white channel.
In a previous global idea , we wrote that we expect a correction after a slight increase to $169. However, given the trading volume and the nature of growth, we decided to consider another, more positive scenario of continued growth to the range of $200-220.
Importantly! This script will take effect only after fixing the price above $ 169.
The beginning of the fall in the price of LTC began after the unsuccessful fixation of the price above the range of $168-174. The sellers were able to stop the price and organize a spectacular correction of 33% . Given how firmly buyers have kept the range of $126-132 , we think that the consolidation of prices between these critical points is quite high.
Given the strong growth trend , which has changed its angle of inclination, after a successful test in the range of $ 126-132, buyers will begin active growth with the renewal of the local maximum in the range of $200-220.
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LTC Is Struggling - Follow This to Earn MoneyLTC is making higher highs, but find enormous downwards pressure. The bulls don't seem to be strong enough to push the price up, but at the same time no horizontal resistance can be found.
While LTC is still making higher highs, it can be very beneficial to buy the retracements. The higher highs and the lower highs usually describe an upwards trending asset.
There are two trading strategies that I want to discuss here. The first one relates to buying and selling frequently, and the second one to holding it for a longer time.
In the first strategy you can decide to buy all the local dips that form the higher low, and try to buy as low as possible. Then, as soon as the price goes slightly above the previous high you sell. This will allow you to get many trades in, all giving about 6-9% per trade currently on LTC. Stop losses should be placed below the previous low.
In the second strategy, you would wait for a retracement and simply hold. Since LTC is bullish overall, and we see that there is still a 37% upwards opportunity you can just hold until the next zone of horizontal resistance and sell it there.
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How to get a GREAT Entry on LTC - ContinuedIn this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC.
What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250.
In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend.
I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below.
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LTC-4h. Correction to $131 is possible.Judgment Day has come! Buyers managed to break the $147 level. Thus the purpose of our previous idea is achieved. Trading volumes at the time of the $ 147 attack were very high. Today, the sellers decided to show their strength and returned the price of LTC within the white wedge.
This will now address the question of whether the $147 break is false. Closing today's day candle below $147 Sellers will go on the attack.
Buyers will have one last chance to counterattack from $131 . By lowering the price below, the price of LTC will fall to $100
If buyers today keep the mark of $ 147 - then the next goal of buyers - $220-230 .
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2021 Outlook - Litecoin (LTC)Sharing forecast.
Best estimate
The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170.
Conservative estimate
It's the Compounded Annual Growth Rate (CAGR) of 199.25%.
This is computed as: Closing Price x (1 + CAGR)
= $124.69 x ( 1 + 199.25%) = $373.14
Worst estimate
Worst case scenario if ever is the $25 area.
If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price.
If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price.
Risk reward ratio seems attractive at 4.54.
Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
LTC-3h. Local correction to $112-115 is possible.HAPPY NEW YEAR!!!!!
Despite the great achievements of buyers in the LTC market , fantastic trading volumes and the update of the historical high of BTC , the price of LTC failed to test the critical level of $ 145.
We wrote about this level in the previous idea.
The sellers are trying to take matters into their own hands. The local level of $131 is already under the control of sellers. Slowly but surely, sellers are lowering the price to the bottom trend line in the range of $112-115 . From there, we expect a new impetus for growth. We will see how successful it will be in the process of its formation.
Alternative scenario. If buyers do not keep the range of $112-115, the global correction of the coin will begin and the price will continue to fall to $100 .
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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LTC-6h. Judgment day is near!Almost every end of the year in the LTC market is very intriguing. 2020 is no exception. The price of LTC is approaching a powerful mark of $145 , which buyers can not break for 2 years.
Since November 2020, trading volumes in the LTC market have been insane. It's scary to imagine what will happen when the price hits the $145 mark.
However, we are sure that this will be a real show . A successful break of the critical level will raise the price to $188. However, the global target is around $330.
A false break in the $145 weekly timeframe will give global sellers a $82 first-target initiative. At the moment, LTC 4-th is ranked by daily trading volumes. It is worth looking at.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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LTC 12h. The target $61 has been reached. Next target is $41.Good afternoon!
We have published a fairly accurate series of LTC ideas.
It's time to continue)
The LTC price has once again hit the trend, which for more than 2 years has not allowed LTC to start a global up trend.
Now, we expect LTC fall to $41 for a start.
Cancellation of this scenario is a breakout and fixing above the level $61.
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LTC 12h. We wait $43.6-45.35 to buy. LTC buyers showed themselves pretty well over the past 10 days.
In the previous idea , we wrote about the open interest in this coin. Today these words are only confirmed by the chart. We have noticed the accumulation of long positions and believe that it will be realized in the near future.
Sellers were not only prevented from breaking the critical point $44.5 . Their strength was not even enough to touch this mark. LTC price continues to move in the local channel from 21 September.
The level $51.49 could hold back buyers and give sellers a chance to counterattack. However, considering how this coin is kept, the maximum where the price will be allowed to fall is the range $43.6-45.35.
In this range, we would gladly buy LTC with a target $61.
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LTCUSD D1 LONG PRICE ACTION FORECAST Price action is currently under bearish forces, heading towards the rising trendline for a retest and bounce to upper levels. We could appreciate a compelling bullish momentum in most cryptos as they already test their support levels.
Then is Litecoin can manage the breakout of the resistance level from the rising triangle formation, this could bring the price to the 62$ handle
The order:
Type: buy-limit
S/L: 320 pips - R:R | 1:2.7 -
T/P: aiming towards the resistance from the ascending triangle.
LTCBTC SHORT ELLIOT WAVE WITH DETAILED ANALYSISDESPITE being a short publication IMHO i'll keep this as Neutral as current volatility makes near future uncertain and we could see more sideways movement before the impending breakout -- though when it happens it'll be fast & unpleasant (yes yes, that's what she said; grow up :P) as a selloff will most certainly follow suit and IMHO it will be bearish for some time.
I thought I should go over some fundamentals and explain what & how the market moves in the way it does (whether bearish bullish parabolic or death spiraling) there are certain fractals that remain constant & these are used by institutional investors; later adopted into crypto trading (albeit different rules: much more volatile, much looser regulations, and ofc--- 24/7/365 open markets.)
So many of you may be new or even those that have been around for a while are all aware of the terms "support" "resistance" "pivot" I'm sure you've heard it many times.
Hell for you amateurs (those that aren't new, but haven't been doing this long enough: i.e. the 3month - 12 month traders) a.k.a. the most dangerous motherfuckers in the community as they are the ones most inclined to spread (and fall for) #FOMO / #FUD, but I digress.
R2S1 IS a key resistance . You are familiar with these, even if you're not sure what i'm talking about.
Here's a clue: $BTCUSD: do these prices mean anything to you? $6200 / $8000 / $9180 / $10.6k / $11.2k etc.
That's right; jog your memory? It's got nothing to do with unlocking doors or secret figures. It's simple consumer confidence & fundamental candlesetick anlaysis based on oversold/undersold markets & have been serving as signals for chart analysts on WallSt since the 1930's.
IF you guys appreciate my publications, the extra time I put into them with opeds / analysis / information which is time consuming and a thankless gig: then please support my work by sharing it to as many folks as possible and smashing that like button for Benzinga's algorithm because at the end of the day I love what I do. I love researching, then love sharing my research. I love to read & write. Unfortunately, that's an anomaly in my generation (I'm a millennial, born 8/16/90) but that's why I'm starting a youtube channel soon.
Already thought of a name:
'Crypt0wiz's Crypto Crystal Ball'
The format of the YT series will be more or less just like my publications (if you're familiar with them) which provide a bit of information rooted in facts with historical analysis transitioned to technical analysis & conjecture that is not financial analysis but meant to serve as my own personal opinion & finally end with a detailed oped / tangent about whatever snapple fact my nerdy ass knows that you don't and you will be more likely to stomach it since it's not in text so this is not really my decision, truth be told I've been pushed into this for the better part of a year now.
Fortunately for me I happen to be really well educated on poli sci, current events, finance & tech so having the "jack-of-all-trades" niche capability is for the first time I can think of a benefit rather than a detriment...if you're wondering how having several niches can be a detriment; truth is I detest having to do 5 things ( even if I"m good at all 5 of them; even if I"m great at them) because if I can be amazing at technical analysis, forex trading, developing smart contracts/nodes, API keys, python software, journalism, amateur comedy, teaching, brokering, etc. it just means that I'll never be an innovator in one of those: and that's what I want...I want to change the world.
For the better.
I know this is cliche & everyone says this: but the last thing I care about is money.
I want to be a fintech billionare...no, I WILL be a fintech billionare within 2-3 years and I will use 99% of that money to save lives & keep no more than $200,000 a year to myself -- I kid you not. That's who I am. Call David at the International Rescue Committee's New York Regional BRANCH or Catherine at St. Jude's Cancer Research at Columbia Presbyterian or Qaseem at Doctors without Borders. They'll tell you.
Anyway let me get this thing published before it's too late.
Figures all on chart. It's a short signal: as it''s a precursor to a BTCUSD retracement.
STOP LOSS is most important one: I'll never stop repeating it ! One of these days I'll forget and it'll drive my OCD mad =P
Have a wonderful day everyone. Take care of yourselves, be good to your friends (and strangers) and don't take life too seriously...enjoy the little things like that cup of coffee you're about to have (if you're on the EST coast like me) as so many of us take so much for granted.
Another cliche, but one worth mentioning.
Peace & Love
Ahmed T.
-@A1MTARABICHI
Disclaimer
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
LTC (Prj.2019.P02.E02).Close to bottom, entry pointQuick Summary:
> > Wedge (bullish) formation intack
> Potential Buy Zone (highlighted on the chart)
> Hidden Bullish Div. on RSI
> Waiting to see Bullish div. on Stoch. It would be nice but not necessary for a bullish divergence on this indicator as well.
> Fib.Circle can be pivot point
> Key support line as well
> In the next week and less than 2 weeks, we should be there.
> We should also look at the LTC\BTC pairing at the time and what BTC is about to do.
LTC\BTC Pairing looks good as well
1 HRLY Chart
Cheers,
SSARI
LTCUSD - 1D Chart Analysis
Even if the first 2 days of this month have been promising, it didn't take long for the price of Litecoin to cancel it's good start and for the bullish trend to be under pressure one more time.
In the last 8 days, the inconsistency of the trading volumes have determined a slow down of the price and we could see how the latter has surrounded the 20 days Moving Average looking for a new direction.
If we will follow the pattern that we previously used for Litecoin, where the MACD gave us the trend and the Stochastic showed us the short term price directions, we can see that we had to have a bearish trend starting with the 24th of February but the price didn't go below the 20 days MA yet.
On the other hand, the "fast" line of the Stochastic just went below the "slow" one, meaning that the price has more room to drop.
On top of this, the trading volumes registered in the last 2 days are lower, meaning that the scenario in which the price will continue it's decrease seems to have all the necessary "ingredients" to be caught off.
A realistic target price for the upcoming days is the 44.01$ and if this level will be reached we can say that the bearish trend on a 1D chart has "officially" started.
LTCUSD - 1D Chart Analysis So far, it seems that February has been great for Litecoin as it's price has managed to cross the 20 days Moving Average, it consolidated it's position at the top and also registered a growth of 55% until today.
Of course, this huge price change was stimulated by the higher trading volumes than before and also by the market capitalization of the whole sector which became bigger, as the earnings season of the stock market is almost gone.
From the technical perspective, we have the MACD and the Stochastic which starting with November have clearly showed the trends and the price direction changes, with only 2 exceptions :
* On the 30th of November, when the MACD has crossed the Signal, the price continued it's negative rally despite the "BUY" signal given by the indicator;
* On the 15th of January, when the "fast" line of the Stochastic has crossed the "slow" one, we could have been tempted to "BUY" and we could have been disappointed, as the price of Litecoin didn't register any impressive change.
On the other hand, it is important to mention that whenever these two parameters have showed the same signal, the price has followed the direction, with the last example registered on 31 January when the actual "bullish" trend has started.
Today, based on the lower trading volumes and also on the Stochastic's crossover, we can consider that the "correction" of the price has started and it also has chances to continue in the following days, even if the trend on the 1D Chart is still the same one.
And given the actual circumstances, it is possible to see the price getting closer to the Pivot Level first, before trying again to break the Resistance Level of 53.94$.
LITECOIN - DEATH LOOMS NEAR FOR LTCThings are not looking good for Charlie Lee's brainchild. Litecoin has dropped out of a bear flag with a downside target that could prove fatal to LTC hodlers. Buyers are struggling to push the price back above the lower channel but strong overhead resistance is not showing signs of withdrawal. Make no mistake that if price continues to stay below the channel, LTC faces an imminent threat to its existence - the possibility of a huge selloff that could wipe LTC off the crypto market for good!
LTCUSD - 1D Chart AnalysisAs we already know from the previous months, the aggressive movements of the prices are followed by some long intervals in which the movements are sideways but not necessarily big enough to be considered short term investing opportunities.
Overall, we can see how the bearish trend has started on the 10th of November once the price has crossed the 20 days Moving Average and since then it also had two slight attempts to return but both have failed.
From the technical perspective, the RSI and the Stochastic have "oversold" positions already for some time and the MACD has just registered a slight cross over the Signal.
But maybe it is too early to consider a "correction" of the price, like the one between the 25th of November and the 2nd of December, as the trading volumes are still very low.
If the fundamentals aspects will delay to appear, the chances for the price to "test" the level of 20$ are considerably increasing
LTC : LiteCoin Long Opportunity !! LTC on the Bottom Following Trend Lines May be Trend Reversal if everything is well.
Buy Long Between 31.50- 32.00 USD
Sell Between 36-37 USD
Stop Loss 30 USD
You Can Also Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
LTC - looking rough but...The safety net is near.
Unlike BTC or Eth, LTC has fully corrected the move up.
There is little to no room to go.
Let's remember that back in 2013 LTC made a high (top of wave I in the supercyle) at 65, this shouldn't be overlap.
While going up price was following a leading diagonal, usual those correct to fib 0.5, this is a bit harsh of a correction for a wave 2, but nothing's wrong with that.
While going down, MACD and RSI have shown bullish divergence on H4 and D1
We have now something that could turn into a double bottom (volume lower on second trough, increasing buy volume on the way to the peak)
The first TL is almost broken and the second is very near.
This is a trade i'd like to take, because the risk is very little (we shouldn't go below 70 for this to work) and we can have a clear SL for the idea
What's interesting is, you'll find similar pattern in some alt, and that come with same analysis.