#Litecoin Is Up 2X from June 2022 Lows, Up Next $130?Past Performance of Litecoin
After dropping to as low as $40, Litecoin prices have more than doubled in the past seven months. The coin is up 125 percent from H2 2022 lows and galloping higher in a bullish breakout formation.
#Litecoin Technical Analysis
Traders are upbeat, but the uptrend, like what has been happening across the board, has been labored. Notably, LTC has resistance at around $92, marking January 20 high. On the lower end, support is the flexible support line, or the middle BB, and $80. As long as prices are above $80, every low from spot rates, below the middle BB, will be a retest, allowing for possible accumulation. In that case, traders might target $90. Further gains above $92 will open up LTC for March 2022 highs of $130.
What to Expect from #LTC?
Buyers are in control. The current consolidation has formed a bull flag as the middle BB offers support while $92 caps the upside. Any surge, continuing H2 2022 gains, may see LTC rally to Q1 2022 territory.
Resistance level to watch out for: $92
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTCUSDT
LTC: Resistance BreakoutLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 45% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 and $85 resistance area, firmly reaffirming its uptrend. Upside potential to $100.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, which it broke, then $100.
LTC/USDT :: buyers have enough power ?!LTC/USDT :::
If the price is sufficiently supported in this range, it can easily break the channel and turn its ceiling into a strong support for itself, and if it cannot break it, it will move to the middle line again, and then again will try to break the channel .
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Buying LTC on dips.Litecoin - 24h expiry - We look to Buy at 88.82 (stop at 86.78)
Our short term bias remains positive.
20 4hour EMA is at 88.83.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 93.92 and 94.92
Resistance: 91.30 / 92.70 / 94.00
Support: 88.80 / 88.00 / 86.30
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LTC's odds are stacked in its favorLTC didn't have much of a bull market in terms of PA but that's bound to change this time around. With hard facts and metrics far exceeding its nominal price, this baby's about to pop loud. I think most will get shaken out early because it's had a habit of correcting hard. I don't seen a hard correction this time around...
I'm just a monkey with a TV subscription. This is not financial advice.
lITECOIN #LTC UpdateLitecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
To learn more about this project, check out our deep dive of Litecoin.
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. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.
💲 Litecoin First Significant Rsistance 💲💲 Litecoin First Significant Rsistance
💲 Nearest strong support zone: around the 0.236 fibo level of the downward wave.
💲 Nearest strong resistance zone: around the 0.236 fibo level of the downward wave.
💲 Technical environment:
- Moving averages: uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Litecoin has once again attacked the recent rally as well as the entire cryptocurrency market, there is a good chance for the uptrend to continue after such sharp increases during Friday's trading session.
💲 The scenario I'm playing out is a continuation of the upward trend on litecoin in the vicinity of $130. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
LTC: Approaching ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 30% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 resistance and reached our target of $85 resistance area. That’s where it got rejected a couple of times in Nov/Dec as traders took profits. Now we wait for price to 1) break above $85 to resume uptrend, or 2) pull back near $75 support for another swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, then $100.
LTCUSDT NEXT MOVE!!!Here we can se that "LTCUSDT" in 1 DAY time frame has already taken BREAKOUT from the red TRENDLINE and is trying yo RETEST the line near the zone of "74.68" also you can see that the stocastic RSI has a support at "-0.44". If it takes restest then the price can bounce back til the HORISONTAL RESISTANCE of "132.33" you can see a good LONG OPPORTUNITY at that zone.
ENJOY!!!!
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair USDT, taking into account the one-day interval. As you can see, the price has been moving in the uptrend channel for a long time, but currently we can see that we are on the verge of exiting the downtrend channel.
In such a situation, it is worth marking the places of support for the price, and here we see that the first support has been broken, the second is at $80, the third is at $76, and the fourth is at $72.50.
Looking the other way, we see that the first resistance is again at $85, while once the price breaks it, the next significant resistance is at $100.
Please also look at the CHOP index, which indicates that the energy is slowly starting to grow, the MACD is close to indicating a downward trend, and the RSI has a rebound after almost a month's increase.
Litecoin very determined to touch 100 figureLitecoin started to rise long before Bitcoin and other coins and it was my favorite in the past 3 months.
Since mid-December's low at the 60 figure, Litecoin has traded very constructively and the coin looks very determined to test the 100 figure.
The recent correction from 91 seems to be over and LtcUsd ready for a new leg up.
As long as Litecoin stays above its recent low it remains very bullish
LTC: Overbought at ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 25% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 resistance and reached our target of $85 resistance area. That’s where it got rejected a couple of times in Nov/Dec as traders took profits. It’s overbought (RSI > 70). Now we wait for price to pull back near $75 support for another swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, which it broke, then $100.
#Litecoin surges 114% in 6 Months, LTC Could Retest $100Past Performance of Litecoin
Litecoin is at multi-month highs, trading above May 2022 highs and Q2 2022 territory. At this pace, LTC bulls are squarely in control with signals that there could be more upsides. Still, the rejection of higher prices over the weekend may indicate weakness. Bulls have a chance as long as LTC is steady above $80.
#Litecoin Technical Analysis
Litecoin is within a bullish breakout formation following gains in the first week of January. With buyers resilient and inching higher, the breakout is valid as long as LTC is above $80. Note that the upside momentum is also strong, with bars binding along the upper BB at the back of expanding volumes. Despite the upside slowing down, buyers are in control and can load the dip targeting $100. This preview will be null if LTC sinks below $80 and December 2022 highs.
What to Expect from #LTC?
Litecoin is up 114% from June 2022 lows, outperforming the USDT and leading the crypto surge. Buyers may lead the way going forward ahead of the expected LTC halving. Accordingly, optimistic traders can double down on dips above $80, expecting the coin to chart above $100.
Resistance level to watch out for: $100
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
💲 Litecoin Correction Before $130 💲💲 Litecoin Correction Before $130
💲 Nearest strong support zone: around 80.5 fibo level 0.236 of the entire upward wave.
💲 Nearest strong resistance zone: around 0.236 of the downward wave.
💲 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Litecoin as I have written many times before has shown a show of strength in recent weeks, it started to break out as the first one of the major cryptocurrencies which I perfectly predicted by publishing many posts on it. After such a rally, I expect a cooling off of the increases and the execution of a downward correction to the vicinity of recent resistances in order to gain strength for the continuation of growth, even in the vicinity of $130.
💲 The scenario I'm playing out is to execute a correction then continue the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀