LITECOIN ROADMAPHi, I hope you are profitable and doing well
With the wave counter I had on the LTC, I realized that we are inside a diamond diametric. We are now moving towards the $150-170 channel and this wave that is being completed is wave D.
I think this symbol is still bearish in large time frames.
Comment if you have any questions
Thank You
LTCUSD
LTC ROADMAP Hello, I hope you are profitable and doing well
With the wave counter I had on the LTC, I realized that we are inside a diamond diametric. We are now moving towards the $150-170 channel and this wave that is being completed is wave D.
I think this symbol is still bearish in large time frames.
Comment if you have any questions
Thank You
Litecoin LTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly.
I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or we might have one last leg down with a -93% drop from the top. I placed wave 2 bottom there just incase we do go lower, if not the wave 2 is where the -89% drop is. Wave 3 on the bigger trend should take us roughly 8 years to complete. My prediction is based off of elliot wave rules with wave 3 being the wave that cannot be the shortest wave of either 1 or 5. The price target of wave 3 is roughly $690. This is not a moonshot target and it's a target that I know LTC will surely reach. I will draw a chart for a moonshot target underneath this post.
R/R Ratio: 7.68
Possible upside: 599%
Possible downside: -78%
LTCUSDTLitecoin's halving is scheduled on 3rd Aug of this year. Last time in the year of its halving it did really well. The dates marked in maroon are the dates of halving.
05 Aug 2019 was the previous halving and it pumped really well. One thing to be observed here is the run continued till the mid of June and not until the date of halving. A similar pattern of breakout which was observed last time can be seen this time as well.
The % marked shows how much it pumped last time and its comparison to this halving run.
LTCUSD Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 97.95, where the overlap resistance is. Stop loss will be at 102.65, where the recent high is. Take profit will be at 86.52, where the intermediate support is.
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LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish DropTitle: LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 102.62
Pivot: 98.20
Support: 86.69
Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 86.69, which is the intermediate support.
Alternative scenario: Price may head back up to retest the resistance at 102.62 where the recent high is located.
Fundamentals: There are no major news.
LTCUSD Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 97.95, where the overlap resistance is. Stop loss will be at 102.65, where the recent high is. Take profit will be at 86.52, where the intermediate support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LTC making a move?This pendant has been shaping up for the past 2.5 months on the LTC:BTC pair.
It broke out a few days ago (up).
It's in a huge resistance band now ... the pivot area. Facing a lot of head wind.
If it can break out of this resistance ... there seems to be a lot of upside.
Is LTC going to do something special for us?
Use at your own risk ... this is not trading advice.
Trading crypto is risky in my opinion ... but I like gambling sometimes.
Litecoin - Are you a Bob -Trader ?Hi Traders, Investors and Speculators of the Charts 📈📉
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC, I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story... Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
Interested in another alt with massive upside potential? Here's a low risk high reward setup on LINKUSDT :
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I always keep an eye on LTC ⚙️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for LTC.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Important price action zoneLitecoin strongly broke the resistance of the 0% Fibo range. The next resistance is $101.70, and the third is in the $107.10 range. These two levels are an important price action zone. Also, the target is one of the moving targets of the previous upward wave. So, in the daily time frame, if a negative divergence is formed on the chart, we can expect a price correction with a high probability. Also, breaking the bottom of the ascending channel can be another price reversal warning.
LTC/USD - Litecoin about to his three digits - AGAIN! 🚀Slow and steady wins the race, right? :)
Litecoin is about to hit $100 and you can't do anything about it.
If this key resistance is broken, then LTC will likely run off towards $120.
Important price action today/tomorrow. Stay tuned as this baby is about to rip.
Bias is bullish on this price action, but volume could use some love.
Like and follow for more! Also check my below links for my best crypto content. 👇
LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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Litecoin Faces Heavy Drop to $10 (Best Case Scenario)With Litecoin forming what seems to be a bullish double zig zag to lead its all-time macro wave structure, there are one of two options for the follow up:
The most bullish outcome being a long-term diagonal wave setup, which would require a test and discover of support from the $10.50 range.
The most bearish outcome would see Litecoin doing its best Luna-bomber rendition and making new all-time lows.
In either case, it may be a good time for investors to abandon ship and protect profits. This is the point where the decision is made to surf or to drown.