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LTCUSD

Litecoin: Where next? Litecoin Intraday - We look to Sell at 72.96 (stop at 75.42) Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Preferred trade is to sell into rallies. Our profit targets will be 65.40 and 51.10 Resistance: 73.00 / 80.00 / 90.00 Support: 65.00 / 60.00 / 50.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LShort
by Saxo
Litecoin: Still bearish crypto!Litecoin Intraday - We look to Sell at 72.96 (stop at 75.42) Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Preferred trade is to sell into rallies. Our profit targets will be 65.40 and 51.10 Resistance: 73.00 / 80.00 / 90.00 Support: 65.00 / 60.00 / 50.00 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
LTCUSDT Bullish and bearish levels to watch*** *** For this particular analysis on LITECOIN we are using the LTCUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Litecoin (LTCUSD) has been trading within a long-term Channel Down since the May 10 2021 High. On May 12 2022, the price hit the bottom (Lower Lows trend-line) of this Channel Down for the first time since June 22 2021, and rebounded. Let's see under what conditions this rebound can be sustainable or not. First of all, as long as the price trades below the 1D MA50 (blue trend-line) is bearish short-term and below the 1D MA200 (orange trend-line) bearish long-term. However on May 23 2021, when the price rebounded above the 0.236 Fib, it reached as High as the 0.5 Fib where it failed. On the other hand when it broke above the 0.5 Fib on August 12 2021, the rise extended as high as the top (Lower Highs trend-line) of the Channel Down. As a result, we can claim that only a break above the 0.5 Fib can give a longer-term rise. On the more short-term, if the price breaks above the 0.236 Fib, it is more likely to post a 0.618 Fib rally, as this happened two times (Jan 22 2022 and Feb 24 2022 where 0.236 was the Support), against the one failed break-out on June 29 2021. The bearish levels to watch is of course the bottom of the Channel Down. A 1D candle close below it, will most likely open the way to the lower Fibs of -0.236 and -0.382 within a 2 month time-frame. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
Litecoin looking lower? Litecoin Intraday - We look to Sell at 76.92 (stop at 80.43) Preferred trade is to sell into rallies. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. We have a 78.6% Fibonacci pullback level of 76.07 from 82.78 to 51.42. Expect price action to remain mixed and volatile as this corrective sequence continues. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 64.39 and 51.10 Resistance: 75.00 / 80.00 / 90.00 Support: 65.00 / 50.00 / 40.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LShort
by Saxo