LTCUSDT at daily support, long favorable towards 91 and upSo the price has hit the daily support as expected in the last short idea from weekly resistance. Now this is an opportunity favoring long here. I believe the price shall bounce from this daily support. towards the next resistance zone around 91 and probably further up to weekly resistance WR1. It might dip a bit further lower but that should not scare us from this long opportunity.
LTCUSDTPERP
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace.
We described this in more detail, with graphs and comparisons, in our previous idea here:
If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level.
Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it.
For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73.
If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend.
However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved.
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LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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LTCUSDT Forming Flag Pattern!!LTCUSDT (4h Chart) Technical analysis
LTCUSDT (4h Chart) Currently trading at $76.4
Buy level: Buy after breakout
Stop loss: Below $70
TP1: $79
TP2: $84
TP3: $90
TP4: $100
Max Leverage 3x
Always keep Stop loss
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#LTC breakout this bullish flag pattern!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
LTC/USDT
LTC broke the bullish flag pattern
The price broke through the resistance line, which has now become a support line.
I am going long on LTC at CMP with SL $75.20
This is not financial advice (DYOR)
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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