Ltclong
(LTC) ON THE ROAD TO ===> 1000 $ +Hello everyone !
Today the Black Cat Trader is analyzing LTC based on a weekly chart 🐾 📈
What we can see :
- LTC broke its downtrend line but got rejected by the 0.618 fib extension which matches also with the intermediary lower line of the pitchfork
- Actually, prices are sitting on the SSB which acts as a very strong support.
- By using Fib retracement combined with Trend-Based Fib Extension we can identify concordance.
What we can expect :
- To go higher, LTC must hold its SSB support and break the 0.618 fib extension and the intermediary lower line of the PF to reach the upper levels (always wait for the lagging span confirmation)
- If LTC failed to hold support on its SSB, then we can expect prices to bottom at 194 $ where there is : EMA21 / Downtrend Line / Uptrend line / Lower line of the PF
Targets 1 : 705 $ (Fib extension : 1.618 / 2)
Targets 2 : 1030 $ (Fib extension : 2.618 / 3)
Targets 3 : 1448 $ (Fib extension : 3.618)
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Litecoin, buy or sell?BITFINEX:LTCUSD
If Bitcoin is the analogy for "gold", Litecoin is the analogy for "silver", now the fundamentals of the Litecoin suggest to buy or sell? My latest research shows that the Litecoin factor can explain 88% of the the logarithm of Litecoin price.
The Litecoin factor indicator is calculated by Litecoin fundamental factor, it can reflect how much of the Litecoin price is supported by the fundamentals.
The green line is the Litecoin factor in the chart, the trend of it are in conformity with the price.
the orange line is the correlation coefficient between the Litecoin price and the Litecoin factor in the 8 years, its value in November 16, 2021 is 0.86, shows that the Litecoin prices are mostly by the Litecoin factor influence.
Yellow line is Litecoin forecast price, the Litecoin factor, and the linear regression method are used to calculate. You can see, the prices fluctuating around the predicted price, it is in line with the principle of price fluctuates around value.
The purple line is determination coefficients (R2) of 8 years logarithmic Litecoin predicted price, which represents the prediction accuracy, the value of 88% on November 16, 2021.
The blue line is factor indicator, which swings between -1 to 2, red background when early warning index greater than 0.8, the price in the peak, said green background when factor indicator is less than -0.6, the price in the trough.
On November 16, 2021, the factor indicator of -0.82, is near of -1, shows that the Litecoin price is near of the trough.please pay attention to the buying chance.
Do you think you should buy or sell Litecoin now? Please comment, we communicate each other.
LTC 1WEEK IDEAHEY GUYS
LTC is going to have a pullback soon
whales and big traders saving their profit after 3 green weeks usually
much vol and staking litecoins still remain and working to start a super 2022
good position
powerful momentum
good volume
it will break the roof after this pback or maybe ranging til 2022
everything depended on BTC dominance
good luck
Here's why $LTC is about to #PUMP!This technical analysis was conducted to help you understand how Litecoin is headed for extreme highs.
After an indecisive period of consolidation that followed a 2018/2019 bear market, LTC soared for months right up to a few dollars shy of it's previous all-time-high (ATH) back in 2017. We can see LTC pumped 800%, meanwhile BTC 362%. The only reason why the ATH wasn't broken, was based on Elon's influential tweets we're all aware of, that essentially crashed the entire crypto market by 50% price wise. Lets talk numerical impact;
- As you can see on my chart LTC dropped 75%, the highest dump of all top 10 recognized cryptocurrencies worldwide. Dissimilarly, yet in the same timeframe, BTC dropped 51%.
- After that independently influenced micro bull market, to this day LTC has pumped 157% as opposed to BTC at 126%.
From these percentages, it is obvious that when LTC is bullish it pumps to extreme heights. However when it's bearish it takes a big hit. BTC has more stable shifts in momentum, but it's worth noting that LTC was so close to an ATH well before BTC got even remotely close. Now that BTC has reached a fresh ATH ($69,000), there's absolutely no reason why LTC can't do the same ($420+).
The reason why I'm confident that LTC will grow beyond the ATH region though, is based on the fact that the resistance line has been tested TWICE now, which weakens this trend line and strengthens the support line simultaneously. Keep in mind the supply limit of LTC is 4 times that of BTC, and the price difference of LTC is NOWHERE NEAR a quarter of BTC (yet). It's still regarded as cheap, even though it's the second most accessible cryptocurrency via physical ATMs.
Litecoin Update!!As predicted Litecoin has been going vertical slicing through some major resistance levels like 222$ and even more importantly the 247$-250$ resistance level that we have struggled with in the past. We have wicked all the way past the 0.6 FIB level all the way to just over 300$ (USD) we are currently seeing a little downwards pressure but nothing to serious and we are holding onto that 0.5 FIB level, we gotta hold this for our daily close tonight and if we do for the second time in 2 days we are looking very bullish. We have been flying up the top bollinger band pretty explosively and if we do see this bullish close tonight i think there is a strong chance that we are actually going to continue climbing up here! We are all around very bullish right now! The MACD looks great we are seeing some big separation in the MA's which is a very good sign and something we want to see continue, this allows us to have some downside or a bit of a cooloff without triggering a bearish cross, also shows the bulls momentum is rising! Same thing with the histogram we are seeing steady increases in each daily green bar which is a good sign for our momentum and this is something we wanna see continue going forward, once we start to see a decline or the histogram starting to flatten out it opens the door for a likely bear cross. Now the squeeze momentum indicator, we we're just recently coming out of a bullish cycle with out bar reaching the midline but we have onceer again activated a new bullish squeeze and currently we are seeing our squeeze release shown by the black crosses turning white, and this is the most explosive part on this indicator and this squeeze release could potentially continue on for the next few days, which would be great! Overall super bullish on LTC it is a great project/coin and i think we definitely have some big upside, i do think at some point sooner than later we should expect a little cooloff with a few days of red action, this would be totally normal and actually a healthy thing for price action and our overall structure, but for right now i think we are going to keep climbing and especially with BTC dominance slowly falling once again! Not financial advice just my opinion!
Litecoin Breakout!!LTC has started to move to the upside after having a period of sideways movement as seen by the horizontal yellow rays, we have broken out of this sideways channel which could also be looked at as a bullish triangle which ive also drawn in, another crucial level we have taken out well looking like we will take out (have to wait for daily close at 8PM EST) is the R1 resistance level which is very bullish, we could've gotten rejected off of this level but Litecoin is showing some strength pushing through, a close above here will open the door for a push up to the 222$ resistance level, pretty heavy resistance but with some good momentum we should be able to push through, also on todays candle we have wicked up and above this level which is already weakening the level. 1 more near term target is the resistance at 247$-250$ level, we historically have had some problems getting up and above this level but with the upcoming surge in the markets im sure this is on the table. Something very bullish coming from the bollinger bands is we are directly ontop of the top band, and if we see a daily close up here we could see an explosive ride up the top band very likely bringing us to that 247$ level. Now lets look at the MACD, we are looking alright here we just had a bullish cross but i would definitely like to see some more bullish action to confirm this. we had a 1 day bear cross just before this bullish cross, we had a red bar right before todays bar, we want to see increasing green bars indicating a rise in bullish momentum, if we continue to stay flat or decrease we would be looking at another bear cross, another key thing i want to see is that Blue MA start to really take off from the orange MA, we need to see some separation or we risk a bear cross off of a small sharp downside move from price action, having good spread in the MA's lessens the chance of having a near term bearish cross and it also allows price action to have some room to go down for a couple days without triggering a bear cross! Not financial advice just my opinion!
LITECOIN ( LTCUSDT ) Ready to $2000 ( 800% ) from here ...?
#LTC/USDT Exclusive Update:-
$LTC currently trading at $218
And Our entry also filled at $129
Already did 90% from Last Spot Entry.
Now..?
Re Entry:- $200-$220
Now currently broke out $186 resistance and Trading above Resistance.
So I am expecting Targets are:-
TP1:- $372
TP2:- $917
TP3:- $2000
Stop Loss:- Will update
Support:- $186/$140
Resistance:- $372
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Litecoin set for a big run!!?Litecoin has been rebounding very nicely recently taking out the 0.2 FIB at 177.55 and the crucial pivot point which we have held for the past few days. This level is very important because it signals a turn around in the market and by holding above here we can expect to see some upside, we don't want to breakdown and fall below so keep an eye on this level. We are currently facing resistance as im writing this and our next significant points of resistance after taking this level out would be the R2 resistance at 218 and then heavy resistance shortly after at 220$ finally the last heavy point of resistance we will talk about today is the 247$ which we always seem to struggle with, if we can successfully take this level out we are looking very very bullish! Now check out the bollinger bands, as you guys can see just today we are starting to grab onto that top band which is always a great sign, if we can continue doing so we will be looking at a big rally riding up the top band taking out key resistance levels on the way! Another thing i should point out is the bollinger bands are beginning to squeeze on price action and the more we see this happen and the tighter they get the bigger explosive move, now the BB doesnt signal which way this move is headed but i would say we are looking at the upside. Now something that looks very positive on the MACD is if you look at the histogram we were in a steady decline going towards the midline but today we have rebounded and actually have created a bigger green bar then yesterday, this could be the start of another bullish rally on the MACD it shows bull momentum is increasing and if we see this continue to play out we are going to see some nice upside follow, aswell the MA's specifically the blue MA is starting to gain more separation on the orange MA, this is always a positive sign because the more we separate the less likely we are to see a near term bearish cross, even if we were to have a couple red days. Seeing the Blue MA head to the upside and the orange continue to be flat and move sideways shows that we for sure could be set on another bullish rally! Not financial advice just my opinion!
LTC/USDT. Bullish on the medium term (to Dec. 2021). Thoughts?I would bet on the price line bouncing on the green trend, and up to red ellipse. Maybe +30/40% for the LTC in 2-3 months from now?
Mind the resistance, supports, and trends lines. Price corrections will occur on these lines.
What do you think about this quick analysis?
Comment with your ideas so we compare.