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Ltcusdlong

Litecoin Could Follow Bitcoin Steeply ...LTCUSDT analysis !What is🌟 LiteCoin🌟? It is another cryptocurrency that is very similar to the famous currency Bitcoin. In general terms, if we consider Bitcoin as gold, this currency is like silver. Litecoin –LTC is one of the top five cryptocurrencies created in 2011 by Charlie Lee. Litecoin is a peer-to-peer network while it’s cryptocurrency Litecoin price prediction y has the same name. Using Litecoin, you can make fast and secure payments around the globe. Litecoin is a “lite version” of Bitcoin. Litecoin is a fork of Bitcoin based on the same code. Litecoin came to Improve capacity, to make faster the block generation while it uses a script in its PoW algorithm. The Litecoin price prediction is a tough task as there are many factors that affect the price of the cryptocurrency. As in other assets, the supply and demand of Litecoin are essential factors affecting the Litecoin price. Also the cost of producing the Litecoin through the mining process plays a significant role in Litecoin price. The price of competing cryptocurrencies, etc. What can we expect from Litecoin price in the future and what can boost it? ------------------------------------------------------------------------------------------------------------------------------- ❇️Quick Technical analysis On December 14, 2020, the price of Ltc jumped from $ 80 & the ema8 (white line in the picture) with an increase in trading volume and went up to $ 185. But the long candle price in the weekly time frame shows the strong defense of sellers from this level. If the price moves down the downtrend line, the bears will once again try to break the $ 130 support. In this case, the head and shoulders pattern will be activated at the target price of $ 100 and below it up to $ 80. On the other hand, if the current high support price stabilizes in the vicinity, the uptrend will be pushed upwards, and the price growth will be possible up to $ 150, and finally the resistance of $ 185. may be seen again. Breaking the price above this level will increase the probability of continuing the upward trend and will give a strong smile to the upcoming goals. However, the slope of (ema 8) is horizontal and the relative strength index (RSI) is above its mid-level and We see red volumes. These factors will show the balance between supply and demand and the entry of prices into the consolidation phase for some time. ------------------------------------------------------------------------------------------------------------------------------ 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades
Long
by PRO_SMART_Trader
Don't bet against the chickenThe blue box is where price will head to next, then potentially sooner than expected it will rocket. LTC is BTC 1 cycle behind 1/4 the price, the UTXO confirms 70% of the circulating supply going back 3 months to over 5 years have been accumulated. These trendlines will be important, the top ones may not hold any longer after this and the bottom may get moved up. LTC/BTC has been setting up for quite a while maybe next month or march/april perhaps the longer the ratio coils the higher USD value LTC will become. Waiting for 8/1 break out for new all time highs, quite literally any month now. LTC/BTC has a bigger Gann Fan pattern which leads me to believe the LTC/USD breakout will be biblical when the ratio and the USD pairs break the 8/1 Gann Fan
BITFINEX:LTCUSDLong
by i_am_noone
22
Litecoin IHS to $179Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another profit taking near $220 Let's see how this plays out over the next 7-10 days. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
KRAKEN:LTCUSDLong
by CryptoDude79
1
LITECOIN Parabolic move - Will it reach 330.00 level (.786 Fibo)LITECOIN On December 2017 year end Litecoin has visited the high level around 430.00 And seen a rapid selling from that level and the earlier 2000% gains were wiped out entirely and it has started its upward journey In 2018 December as we can see the cycle repeats itself during the year end as its pumped around 500% which is a 25% of the previous year end jump. And from January month onwards its again started to falling towards 25.00 level. And we can see that 25.00 level has acted as strong support for the bull. Since end of 2019 this level has not breached and bear failed at this level. From October 2020 the parabolic move has stared and its still running and its has managed to reach 2019 high level which is 145.00 level and even LTCUSD has managed to break this level and the retest has also happened and went above the .382 Fibonacci retracement level. The next major key testing ground was 0.50 Fibonacci level comes around 220.00. From this level we can see a profit taking scenario might happen and we can expect short term fall back towards 0.382 Fibonacci. If that happened it would be a nice buying opportunity. The 50,100,200 EMA's are acting as good support for the bull and Ichimoku cloud is also supporting the bullish trend . In Bollinger band it has reached around upper side of the band short term fall back towards middle band was expected. Disclaimer! This is not a financial advice
COINBASE:LTCUSDLong
by forexorbit