Litecoin | Not Ready, Not YetWe have a strong rejection on the 7th November for Litecoin (LTCUSD) and we are currently seeing a continuation of this move...
Litecoin together with the rest of crypto/Bitcoin, is not yet ready; Wait for the bottom.
We can see a lower high 20-Nov. compared to 7-Nov. and today a break below EMA10.
This tells us that lower support levels are likely to be tested in the coming days.
We will give you the charts once the bottom is in, so that you can take advatange of maximum potential and long-term growth/gains but Litecoin is not ready yet.
The support levels are marked on the chart.
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Thanks a lot for your support.
Namaste.
LTCUSD
Buy litecoin ahead of bull cross, a x10 that everyone craves forAs shown in chart.
A bull cross is where the 100 period moving average crosses to 200 period and it is a sign of extreme bullishness.
Once the bull cross comes on the daily chart in litecoin this one will reach quickly for its all time highs. Expect to at least double here, which if you are using a margin acc will mean phenomenal profits, not bad on spot either.
Market cap is extremely low here around $6-7 billion at time of print, personally I expect this to go x10.
Lots of momentum for this one through various events in 2022 and 2023, now's the time to get in and hold.
Buy and hold.
LTC recorded good price growth during the last week!LTC recorded good price growth during the last week. The price of this currency, which was placed on an important support in the range of 55.6 to 57.4 dollars, continued to move up to the level of 65 dollars due to the strong return and renewed support of buyers. A reaction has been observed in this area. As you can see, in the daily time frame, the price trend is still in the range.
One of the rules of the range area is not to place the ceiling and floor of the price in a specific range. Therefore, according to the reaction that has been observed, there is a possibility that the price will decrease again towards the previous support. If we don't see selling pressure and close the 4-hour candle below the price of 61.6-61.2 dollars in the 4-hour period, there is a possibility of breaking the resistance and continuing the price growth to higher resistance levels in the range of 70 dollars. But if this support is broken, after the pullback to the range of $65, we expect the price to correct again and return to the price channel of $50.
The interesting thing about Litecoin is that if the daily candle closes above the $64.4-$66.2 range, we can expect the price direction to exit the range from above in the future, and the downward reversals are only pullbacks. It will be a long-term bullish wave. But if this does not happen, and on the other hand, the selling pressure in the market increases, the drop in the price of this currency can continue even up to the range of the price channel of 40-38 dollars, and fake break the previous bottom in the weekly time.
LTCUSD Entry Price 63.82 Wait for price to close above 63.82. Next, wait for candlestick wick to retest 63.82 price level for a long entry.
LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this LTC/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Litecoin (LTC) was a notable gainer on Friday, as the token surged by as much as 8% in today’s session.
Following a low of $60.29 on Thursday, LTC/USD raced to an intraday high of $63.61 earlier in the day.
As a result of today’s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.
Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.
This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.
As of writing, LTC is now tracking at $62.77.
This is not a piece of financial advice.
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LTCUSD Intraday TechnicalsLitecoin is trading above $59 level in the intraday chart.
Between $59 and $69 is a choppy range area and we need a momentum from Litecoin to move up.
I expect more volatility from the US market opening and will be interested in Litecoin price action in this range area.
I will consider the following scenarios.
Scenario 1. A re-test and rejection of $59 with a strong price action will make Litecoin more bullish, however below $69 is a choppy range area.
Scenario 2. Below $50, Litecoin is bearish and will move towards $34-$44 area.
Scenario 3. A deep below and a strong rejection of $59 with momentum will make Litecoin bearish towards $34-$44 area, however above $50 is a choppy range area.
LTCUSD Daily Chart Technicals: LTCUSD spiked up yesterday and closed with a solid bullish candle.
Litecoin tested the main CRYPTOLEAN resistance of $65 and closed below it yesterday.
We need to move up above this level for Litecoin to become bullish and for that Bitcoin has to show some strength too.
Above $65, the next resistance for LTCUSD is $71.
A failure to break $65 will result in Litecoin going back to $61.
Litecoin is only bullish above $65.
LTCUSD is trading as a doji candle so far.
Litecoin Intraday Technicals: Trying to Break $59 ResistanceLTCUSD is testing $59 resistance.
A failure to break it will put more pressure on Litecoin and will push it towards $50-$53 region.
I am considering the following scenarios today.
Scenario 1. A strong closure above $59 with momentum will make Litecoin more bullish, however below $69 is a choppy range area.
Scenario 2. Below $50, Litecoin is bearish and will move towards $34-$44 area.
Scenario 3. A strong rejection of $59 with momentum will make Litecoin bearish towards $34-$44 area, however above $50 is a choppy range area.
LTCUSDT asceding triangleAs you may see from the chart we are looking at a possible ascending triangle.
The ascending triangle is usually a bullish chart pattern.
Where should we put take-profit after breakout? A **profit target** is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
In this case, if you don't want to miss a breakout you can make a risky limit order of around 64.79$ with SL under the pattern so around 57.54$
Litecoin LTC Crypto Market after the ElectionsMy forecast is that we will see a bearish outcome for the crypto market after the November 8th Elections, especially for Litecoin LTC, which is overvalued.
LTC/USDT short
Entry Range: $68 - 70
Price Target 1: $65
Price Target 2: $62
Price Target 3: $56
Stop Loss: $83
Litecoin - 2000% profit! Last chance to buy low.
The bottom is in for Litecoin, and you have the last chance to buy cheap Litecoin these days!
20x is a reasonable target to take profits because you want to be greedy. It's been almost 5 years of sideways price action.
If you like Gandalf or Litecoin, then hit the like button right now!
As you can see on the chart, there is a running flat pattern, which is an Elliott Wave corrective pattern that may occur after a strong impulse wave. This pattern has been completed after almost 5 years.
If you didn't know that, Litecoin was the first altcoin, which can be mentioned in the Guinness World Records book. This is pretty impressive, isn't it?
Let me know in the comment section if you want to buy Litecoin or if you already hold litecoin. I look forward to your comments!
If we take a look at the MACD indicator, we can spot a bullish histogram on the weekly chart, and we can also see 3 peaks, which indicates a diagonal wave.
Litecoin experienced a massive bull run in 2015–2017. Another bull run is, of course, very likely in my opinion, and it can be very soon.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011.
The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors.
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Litecoin: Attempting to Break Free From a Multi-Year-DowntrendA few years ago Litecoin was trading at this very level and at the time the idea was that it would eventually make a higher low and give us a Bullish Bat-Action-Magnet-Move which would result in LTC confirming a harmonic W structure and revisiting the 88.6% Retrace Above to Finalize a Bearish Bat Pattern; After many months we finally set in the higher low we were looking for and began to go for the 88.6% Retrace to complete the pattern, once hit we began what would now soon be a Multi-Year-Decline.
However now we seem to be showing Signs of Seller Exhaustion in the form of Double MACD Bullish Divergence and an Oversold RSI and now it is testing the Downtrending Line to see if there's enough supply there to keep it down or if the sellers truly are too exhausted to continue this downtrend much longer. If the trendline breaks Bullishly which i do think it likely will my First target will be to take us back to the level this downtrend first bagan (the initial zone of reversal) which i labeled "The Danger Zone" back before the intital Bearish Reversal happened but if things get truly insane I think it could see as high as the 1.618 Fibonacci Extension at $700-$2200 depending on rather or not you're looking at it from a Linear Scale or Log Scale basis.
Along with that LTC since around Nevember of last year has been showing Bullish Variables against it's BTC Pairs, The Total Cryptomarket Cap, and Oher Individual Alts such as BCH and ETH. It would be alot to go into the full details of all of those variables here in this post, but i have posted these variables live as price action has progressed over the years so if you want to see the details of these variables, I'v listed them below in the Related Ideas Section.