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Ltcusdidea

Litecoin- will it finally break under 100?Since November 2021, Litecoin was one of the weakest coins, losing 66% of its value from 300 to 100 at the moment of writing. Looking at the chart we can see that the price evolution was very "technical" and each rally was sold in resistance or very near. In my last Litecoin comment I said that a rebound from 100 is probable but this should be considered a good opportunity for selling around 120 and as we can see, the coin reversed from 116. Now we are back to 100 and I believe this time we will have a break. My target for this drop is another 30% at 70usd per coin. Best of luck! Mihai Iacob
COINBASE:LTCUSDShort
by Mihai_Iacob
8
Will Litecoin drop under 100?As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached. Now, the question is, will it drop under 100? In my opinion, the chances are very high for this. Technically the downtrend is very clear and as we can see from the chart every rally is sold. Now the coin is trading just above 100 support and I expect a break and continuation lower. 120 is now resistance and rallies towards that zone should be sold.
COINBASE:LTCUSDShort
by Mihai_Iacob
20
Litecoin to Retest Support? LTCUSD - Intraday - We look to Buy at 122.47 (stop at 117.34) We look to buy dips. Choppy price action seen. Previous resistance located at 132.00. Buying continued from the 50% pullback level of 120.73. We look for a temporary move lower. Our profit targets will be 141.06 and 145.15 Resistance: 132.00 / 142.00 / 150.00 Support: 125.00 / 120.00 / 115.00 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.
LLong
by Saxo
Litecoin- Buy dips for good R:RIn my previous Litecoin analysis I said that after finding a strong floor around 100 figure, Litecoin can rise and challenge 120-125 zone resistance. Indeed, after breaking above consolidation's resistance at 116, LtcUsd accelerated its gans and reached 130 zone, above the mentioned target. Now a small correction seems to be on cards and this can be a good opportunity to open long trades. Bulls can target the next resistance at 140 and a drop under 120 would negate this scenario
COINBASE:LTCUSDLong
by Mihai_Iacob
13