LTCHello from the hamster cage! =))
The new stable - BTC prompted me to return to scalping these weeks, total: 10% to the deposit within 1 week. Either there are no nerve cells left, or I am confident in my trading system, but my emotions have become much less.
LTC has completed the 4th wave of growth, now we are forming wave 5.
There is also a zone of imbalance and SMMA playing the role of resistance on 3D timeframe.
Besides I expect to see a classic bearish divergence when the wave 5 is formed.
I will start taking some short positions in the red zone.
At the moment I am considering longs when the price comes to 73.47, 71.97, 70.46
Happy New Year everyone! This year, I promise myself to diligently keep a diary of situations and finally get into YouTube. I want to do reviews on trading, but I can’t decide in which language: English or Korean =(
What do you promise yourself in the new year?
LTCUSDT
Litecoin to find support at previous resistance?Litecoin - 22h expiry - We look to Buy at 71.01 (stop at 69.14)
Short term bias has turned positive.
20 8hour EMA is at 70.60.
Previous resistance at 71 now becomes support.
We look to buy dips.
Our profit targets will be 75.69 and 76.69
Resistance: 76.34 / 78.00 / 79.50
Support: 74.00 / 71.00 / 70.00
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.
Litecoin - LTC at important volume profile POC year end 2022👀🐻Litecoin
Bears will try to defend $76.76 - important volume profile POC year end 2022👀🐻🚨🚨
Will LTC get the bullish breakout or come down with US markets from tomorrow on dear Crypto Nation❓
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
LTC - Positive momentumLTC has been trading in a range with positive momentum over the past week. LTC trades below the $70-$72 resistance range and the $62.1-$64.3 support range. But if you pay attention to the chart, the trend was downward before entering the range area. Therefore, we can draw a downward trend line, and if this dynamic support breaks, we can receive a price reduction signal. Also, in the 4-hour time frame, double ceiling patterns are forming under the roof of this resistance, which will be confirmed if the trend line is broken.
More accurate linear support can be considered at the price of $67.5. We can consider this range almost as the midline of the channel range, which in case of collision, there is a possibility of reacting to this level for minor fluctuations. But in the bullish scenario, if the current resistance is broken by buying pressure and the price growth continues to the level of $73.6, we can consider the resistance broken, and after the pullback to this level, expect to continue the upward movement to the $77 range. to be
Pre halving potential ROI for LITECOIN Today, I wanted to show similarities between the last halving and this one.
If we were to get the same ROI that we saw in 2015 and 2019, that we saw 6 months leading up to the halving, we could see a 200-300 LTC by the next halving 8-2023.
We closed above the POC, momentum is moving up.
The only thing I do not see yet is volume coming in.
I also do not know what LTC will do if BTC keeps tanking.
Let me know what you guys think and please like, comment and follow!
Thanks and God bless.
💲Litecoin Heading For $85💲💲Litecoin Heading For $85
💲Litecoin, in my opinion, has really strong potential for growth in the coming weeks.
💲Comparing it to other cryptocurrencies, it stands out very positively.
💲The technical environment is very supportive of the upward perspective.
💲In my opinion, we are facing the next wave of growth on Litecoin.
💲The support zone is located around the fibo level of 0.5 of the entire upward wave from the bottom to the current peak.
💲I set the resistance zone near the recent peaks.
💲The scenario I am playing out is the start and continuation of a new upward wave. 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 SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LTC - Recent growth was a fake breakout!The price movement in the daily time frame shows that the price has returned below the resistance level of 73.90-70.20.
Therefore, we can conclude that the recent growth was a fake breakout.
The failure of $63.36 confirms the possibility of continuing the downward trend and the expectation for the continuation of the decline to the previous support range of $51 - $47.
Litecoin forecast in next few days!#LTCUSDT
After a 5 waves of Elliot we can see the other pack has been created and it’s almost completed the 4th wave. To calculate the PRZ of wave IV we have Extension wave 4 in 161.8 fib and Expansion level of 100 of fib. In the other hand we can see the PRZ overlap with the PRZ of a Shark Harmonic Pattern in here.
In order to make a decision, I’ll be waiting until the Pivot 4 hr has been broken down and the direction of trend become downward to execute the trade. My target is 52.99 and 47.12 as a main support area of the coin.
#Litecoin in a Bullish Breakout Formation, Will $65 Hold?Past Performance of Litecoin
Litecoin is relatively solid when writing. Despite the contraction after what promised to be a welcomed reversal after months of lower lows, there could still be hope for bulls. At spot rates, LTC price action could be completing a retest after springing 60 percent from June 2022 lows.
#Litecoin Technical Analysis
The bullish breakout above August highs (now support) at $65 in late November 2022 is valid. LTC more than doubled from November lows, peaking at $85 in early December before contracting to $65. This line flashes with August 2022 highs. Accordingly, LTC has completed the second phase of a breakout. If LTC bulls hold above $65, prices may rally back to $85 in a bullish continuation formation. Before then, traders can place triggers at around $70 before redoubling the accumulation. Conversely, losses below $60 invalidate this forecast.
What to Expect from #LTC?
Litecoin prices are trending at a critical level. A valid retest from $65 means LTC must expand above $70, confirming gains on December 20. If not, losses below this week's lows will cancel the bullish preview.
Resistance level to watch out for: $70
Support level to watch out for: $60
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTC: Pullback in UptrendLitecoin (LTC) technical analysis:
Trade setup : Bearish RSI divergence signaled that price could not hold above $75 key level and pulled back near $60 support and 200-day MA, which could be a swing entry opportunity. Price remains in an Uptrend.
Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a corresponding new high value. In other words, a bearish divergence forms when a coin price records a higher high and RSI forms a lower high. RSI does not confirm the new high and this shows weakening momentum.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $50. The nearest Resistance Zone is $75, then $100.