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.
LTCUSDT
💲 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. 🚀
🚀Litecoin: the third wave of the ending diagonal.●● Preferred count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.1
The long-term waves counting has not undergone any changes. It is assumed that the cycle wave V unfolds the ending diagonal , subdividing into sub-waves ①-②-③-④-⑤ . At the moment, the market is at an early stage of development of sub-wave ③ . Wave ③ should exceed the length of wave ② , taking the form of a zigzag.
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● Litecoin / TetherUS (BINANCE), 🕐TF: 6h
Fig.2
For the last six months, the waves have been unfolding according to our expectations on the six-hour timeframe as well. The completion of waves ② and 2 , as well as the beginning of the development of wave 3 , were predicted.
At the moment the market is ready for acceleration in the wave (iii) of ((iii)) of 3 . As a local alternative, it is allowed to complicate the structure of wave 2 to a combination .
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●● Alternative count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.3
As you know, correctional structures are more variable, in contrast to impulse waves. The downward zigzag A-B-C can be identified as a sub-wave (W) within the unfolding double zigzag (W)-(X)-(Y) of ② .
Get ready for the second wave of the diagonal to transform into a multiple zigzag .
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
LTCUSDT 4H Interval - Resistance and SupportI invite you to a short analysis of LTC/USDT based on the four-hour interval.
Let's start by marking with the white lines the uptrend channel in which the price is currently moving.
Next, we can immediately notice a strong support zone from $82.49 to $84.58, which the price is currently struggling with. Moreover, looking at the recent move, we see that the upper border of the zone is strong resistance at 0.618 FIB, then we have resistance at $86.16, $87.99 and $93.16.
When it comes to support, it is worth highlighting the first strong support zone from $78.58 to $75.21, at which the price has been repeatedly stopped.
Looking at the CHOP index, we see that the energy is strongly charged, the MACD indicates a local downtrend, while the RSI index has recovered and has a new place for price growth.
✴️ Litecoin | BULLS ConfirmedToday's Litecoin hits a new high and recently posted the highest daily close since May 2022.
Extreme bullishness is the only way to define this chart as Litecoin is now trading above EMA300.
Litecoin bulls confirms the bullish bias across the entire cryptocurrency market.
Expect Cardano to continue rising.
Expect XRP to grow strong.
Dogecoin, Shiba, Ethereum, Bitcoin and all the altcoins as well.
Next target $98, then $113, $130 and finally $190.
Namaste.
Litecoin- Where to buy for 100 target?In my video from Sunday and yesterday, in my outlook for Bitcoin, I said that I've become bullish crypto market.
Litecoin is not an exception and, in fact, I'm bullish on this coin since November when I first bought it at 50.
My target for this coin remains 100 zone and with the price facing resistance at this moment, a correction could follow.
This correction could offer us a good buying opportunity and 75 could be a great place considering a stop loss under 65.
LTC/USDT 4Hr UPDATE !!Hello, welcome to this LTC/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-LTC is one of the oldest altcoins in the market, having been launched in 2011. While it may not be flashy or new, its price action has been quite impressive of late. Litecoin has managed to go up steadily since June 2022. This is what some altcoins have achieved during this bear market.
Somehow, Litecoin closed the last week with a price increase of around 10% after breaking $70 once again. The bulls are eager to push this cryptocurrency higher, and they may even challenge the key resistance at $80.
Looking ahead, LTC is one of the few cryptocurrencies that is well-positioned to make higher highs. Right now, its biggest challenge is breaking above $80. Perhaps this second attempt could be successful, which could propel the cryptocurrency toward $100.
This is not a piece of financial advice.
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