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LTCUSD

ETHUSD and LTCUSD Technical Analysis – 05th JAN, 2023ETHUSD: Bullish Engulfing Pattern Above $1181 Ethereum was unable to sustain its bearish momentum and after touching a low of 1181 on 30th Dec, the price started to correct upwards against the US dollar moving into a consolidation channel above the $1200 handle today in the European trading session. We can see the formation of bullish engulfing lines in the weekly time frame. We can clearly see a bullish engulfing pattern above the $1181 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just below its pivot level of 1251 and moving into a consolidation channel. The price of ETHUSD is now testing its classic resistance level of 1254 and Fibonacci resistance level of 1257 after which the path towards 1300 will get cleared. The relative strength index is at 69.10 indicating a STRONG demand for Ether and the continuation of the buying pressure in the markets. The average directional index is indicating a NEUTRAL level, which means that the price is expected to remain under consolidation in the short-term range. Most of the technical indicators are giving a BUY market signal. Most of the moving averages are giving a BUY signal at the current market levels of $1250. ETH is now trading Above its 100 hourly simple and 200 hourly exponential moving averages. Ether: bullish reversal seen above the $1181 mark The short-term range appears to be mildly bullish ETH continues to remain above the $1250 levels The average true range is indicating HIGH market volatility Ether: Bullish Reversal Seen Above $1181 ETHUSD continues to move higher against the US dollar today and we are looking at $1300 as the immediate target. We can see a bullish trend reversal pattern with the adaptive moving averages AMA20 and AMA50 in the daily time frame. We have seen a bullish opening in the markets this week. We have also detected the formation of a bullish harami cross pattern in the 2-hour time frame. ETHUSD touched an intraday high of 1259 in the Asian trading session and an intraday low of 1248 in the European trading session today. The daily RSI is printing at 55 indicating a NEUTRAL demand for Ether in the long-term range. The key support levels to watch are $1228 at which the price crosses 18-day moving average, and $1233 which is a 14-3 day raw stochastic at 50%. ETH has decreased by 0.04% with a price change of 0.5494$ in the past 24hrs and has a trading volume of 4.869 billion USD. We can see a decrease of 7.00% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH’s price has started to break above the $1250 and is now looking at $1300 level. The potential upsides are $1300 to $1400 in the medium-term. The prices of Ethereum are ranging near the support of the channel in the 15-minute time frame indicating bullish trends. The immediate short-term outlook for Ether has turned mildly bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral under present market conditions. The resistance zone is located at $1259 at which the price crosses 18-day moving average stalls, and at $1281 which is a 14-3 day raw stochastic at 80%. The weekly outlook is projected at $1350 with a consolidation zone of $1300. Technical Indicators: The STOCHRSI: is at 63.54 indicating a BUY The Williams percent range: is at -28.52 indicating a BUY The rate of price change: is at 2.869 indicating a BUYThe bull/bear power (13): is at 26.01 indicating a BUY LTCUSD: Bullish Harami Cross Pattern Above $65.61 Litecoin was unable to sustain its bearish momentum last week and after touching a low of $65.61 on 29th Dec, the price started to move upwards against the US dollar crossing the $75.00 handle on 04th Jan. We have seen a bullish opening of the markets this week. We can clearly see a bullish harami cross pattern above the $65.61 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving average and below its 200 hourly simple moving average. The price of LTCUSD is just below its pivot level of 75.91. The relative strength index is at 60.92 indicating a STRONG demand for Litecoin and the continuation of the buying pressure in the markets. The price of Litecoin continues to remain above most of the moving averages, which are now giving a BUY signal at current market levels of 75.05. The prices of Litecoin are nearing a NEW record high this week. The aroon Indicator is giving a bullish trend in the 1-hour time frame. The short-term outlook for Litecoin has turned strongly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $65.61 level STOCHRSI is giving an OVERBOUGHT signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $65.61 The price of Litecoin is staging a recovery against the US dollar and the immediate visible targets are $80 and $85 levels. We can see the formation of the moving average bullish crossover pattern with the adaptive moving averages AMA20 and AMA50 in the daily time frame. The price of LTCUSD is now facing its classic resistance level of 75.33 and Fibonacci resistance level of 79.25 after which the path towards $80 will get cleared. Litecoin touched an intraday high of $76.26 in the Asian trading session and an intraday low of $74.82 in the European trading session today. Litecoin is now facing its resistance zone at $76.20 at which the price crosses 18-day moving average stalls and at $78.76 which is a 3-10 day MACD oscillator stalls. LTCUSD has decreased by 1.89% with a price change of 1.44$ in the past 24hrs and has a trading volume of 0.443 billion USD. Litecoin trading volume has decreased by 31.23% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin has failed to clear the resistance of $77 this week and is ranging near the NEW record high of 1 month. After the current consolidation wave gets over, we are looking at $80 to $85 levels as the next potential targets. Some of the technical indicators are also giving a neutral stance. The price of Litecoin needs to remain above the important support level of $68.98 which is a 38.2% retracement from 4-week low. The short-term outlook for Litecoin has turned strongly bullish, the medium-term outlook is neutral, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The MACD (12,26): is at 0.872 indicating a BUY The Williams percent range: is at -21.88 indicating a BUY The ultimate oscillator: is at 59.89 indicating a BUY The commodity channel index (14): is at 138.89 indicating a BUY Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
COINBASE:ETHUSD
by FXOpen
2
Litecoin to turnaround?Litecoin - 24h expiry - We look to Sell a break of 73.78 (stop at 75.81) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A higher correction is expected. A break of bespoke support at 74, and the move lower is already underway. Our profit targets will be 69.01 and 68.01 Resistance: 76.00 / 77.55 / 79.50 Support: 74.00 / 71.00 / 69.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDShort
by VantageMarkets
1
XRP & LTC - Profitable Altcoins for 2023Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 If I haven't already told you, Happy New Year 🥂 I'll be making a series of updates on Altcoins that have decent upside potential during 2023. I'll specifically select alts that are trading low and altcoins that are known to pump and dump independently of the overall market trend (bearish or bullish). It will be in your best interest to watch these alts, especially with talks of a recession on the rise. Good opportunities will be few and far apart, but you can still count on a few coins to rally during bear markets. Today's picks are XRPUSDT and LTCUSDT. Check out my NEAR TERM view on BTC here : 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
41
LTCUSD ❕ inverted hammerLitecoin is trading under liquidity. Price is in the overbought RSI zone (4H TF) At the peak of the current move, LTC formed an inverted hammer candlestick pattern (4H TF) TD Sequential formed a reversal signal downwards (4H TF) Price and RSI chart formed a bearish divergence at 1H and 30m Timeframes. On the 30m Timeframe, price has broken down 50EMA and is testing the support level on the RSI chart. I expect further price declines after it fixes under the liquidity zone.
Short
by Solldy
7
Litecoin to find support at previous resistance?Litecoin - 22h expiry - We look to Buy at 71.01 (stop at 69.14) Short term bias has turned positive. 20 8hour EMA is at 70.60. Previous resistance at 71 now becomes support. We look to buy dips. Our profit targets will be 75.69 and 76.69 Resistance: 76.34 / 78.00 / 79.50 Support: 74.00 / 71.00 / 70.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDLong
by VantageMarkets
1
Litecoin - LTC at important volume profile POC year end 2022👀🐻Litecoin Bears will try to defend $76.76 - important volume profile POC year end 2022👀🐻🚨🚨 Will LTC get the bullish breakout or come down with US markets from tomorrow on dear Crypto Nation❓ Let me know your thoughts in the comments🤗 ⬇️⬇️⬇️ Likes and Follow for updates appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
BINANCE:LTCUSD
by Crypto4Everybody
1
LTC - Positive momentumLTC has been trading in a range with positive momentum over the past week. LTC trades below the $70-$72 resistance range and the $62.1-$64.3 support range. But if you pay attention to the chart, the trend was downward before entering the range area. Therefore, we can draw a downward trend line, and if this dynamic support breaks, we can receive a price reduction signal. Also, in the 4-hour time frame, double ceiling patterns are forming under the roof of this resistance, which will be confirmed if the trend line is broken. More accurate linear support can be considered at the price of $67.5. We can consider this range almost as the midline of the channel range, which in case of collision, there is a possibility of reacting to this level for minor fluctuations. But in the bullish scenario, if the current resistance is broken by buying pressure and the price growth continues to the level of $73.6, we can consider the resistance broken, and after the pullback to this level, expect to continue the upward movement to the $77 range. to be
by MonoCoinSignal
5
Pre halving potential ROI for LITECOIN Today, I wanted to show similarities between the last halving and this one. If we were to get the same ROI that we saw in 2015 and 2019, that we saw 6 months leading up to the halving, we could see a 200-300 LTC by the next halving 8-2023. We closed above the POC, momentum is moving up. The only thing I do not see yet is volume coming in. I also do not know what LTC will do if BTC keeps tanking. Let me know what you guys think and please like, comment and follow! Thanks and God bless.
by JCLARK87
LITECOIN, Triangle Completion Points to Further Volatility!Hello Community, as the year of 2022 is coming to an end the market shows up with important structures and developments that are necessary to watch and in this case there are coins in the market showing opportunities to move forward with. It is always necessary to look at the cryptocurrencies in the market with an increased pump potential in the market which other cryptocurrencies in the market do not show. In this case I detected a crucial formational structure developing in Litecoin with a determining potential to watch out, especially in the next times. As when looking at my chart we can watch there how Litecoin recently completed this main ascending triangle formation with a breakout above the upper boundary and now Litecoin has come to an important point in the structure here as it is trading above the point of control marked in red within the volume profile in my chart, this is the point in which the most volatility is staying and as long as Litecoin holds above this area it is a good level and setup for further continuations to move forward with. The longer Litecoin stays above this area and builds up as it is seen in my chart the stronger the preceding breakout and volatility continuation will be and once Litecoin also broke out above the upper boundary of the confirmational triangle this will be a setup from where Litecoin is going to accelerate heavily and activate the target zones seen in my chart. Once these targets have been reached it will be central on how Litecoin approaches the areas and if the volatility is high or not, in either of these scenarios further assumptions can be made. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
10