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LTC Halving in under 2 weeks! An overview of previous occurences The next halving of Litecoin is set to occur on August 2, 2023, where the block reward for mining LTC will be reduced by 50% from 12.5 LTC to 6.25 LTC. This means that LTC miners will receive half the number of LTC for their mining efforts, effectively controlling the inflation rate of LTC and manage its supply over time. Like #Bitcoin, #Litecoin operates on a deflationary monetary policy. Most traders view this as a bullish event, but as the chart shows, the halving event is a known event , and has likely already been priced into LTC's current price. During past halving events, we can see that price started rallying a couple months in advance of the halving. For example, the first LTC halving occurred on August 25, 2015 , however the price actually peaked and had a blow-off top in June 2015. From the previous cycle low, it rallied close to 274% before declining 42% post-halving. The next halving occurred on August 5, 2019. Once again we see that price actually peaked a couple months prior, in June of 2019. From the cycle low of that year, LTC rallied 440% to a high of $150 before again experiencing a blow-off top and declining 75% back to $35-40. Although there is not a lot of historical data to go on, we are experiencing a similar situation now,. From low earlier this year of $50 , price rallied 125% to a peak of around $115 a couple of weeks. Last week LTC declined by -16%, and with two weeks to go before the next halving I do believe we have seen the top for now. Going by prior iterations, we could see even further price depreciation, perhaps back to the range lows of $75.
BITFINEX:LTCUSDShort
by bfridman8989
3
LTC Halving Potential Long Next WeekAs the lite coin halving is approaching there is some potential bullish price action building on the chart. This is a 4 hour line chart with a clear wedge falling right into a local golden pocket at a known past support level. It is impossible to predict a brake out date or price targets but high probability time frame would be by the tip of this wedge on August 1st and for price a 1.5-1.618 expansion of this range would be a 55% price rise corresponding to past resistance. Trade Well.
BINANCE:LTCUSD.PLong
by Degen-Dynasty
✴️ Litecoin Renko Confirms Bottom, Long-Term Higher LowsThis is the last one of the Renko series, Litecoin. 1) July 2017 confirms bottom, ultra high volume followed by massive of growth. 2) November 2020 ultra high volume confirms bottom, followed by more than a year of growth. 3) January 2023, ultra-high volume, new brick 6 months later as confirmation confirms bottom. We can expect a new 5 up wave pattern (years of growth). Since 2017 we have higher highs and higher lows. It will be great. I am happy to be part of this upcoming event, we will remember this bull-market all of our lives, we will build new relationships, it will create tons of wealth, not only the market but also us, as humans, as friends, as individuals; we will grow. Thank you for reading. I mean, truly thank you... We've been sharing/exchanging for many years now and some how I continue to receive your support. Thank you. Namaste.
KRAKEN:LTCUSDLong
by MasterAnanda
4
Litecoin has turned negative.Litecoin - 24h expiry - We look to Sell at 97.78 (stop at 101.38) Bespoke resistance is located at 98. 97.85 has been pivotal. Short term bias has turned negative. The trend of higher intraday lows has also been broken. Preferred trade is to sell into rallies. Our profit targets will be 88.78 and 86.78 Resistance: 93.00 / 95.00 / 98.00 Support: 89.12 / 88.00 / 86.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
VANTAGE:LTCUSDShort
by VantageMarkets
Litecoin to find buyers at market?Litecoin - 24h expiry - We look to Buy at 94.24 (stop at 90.74) The sequence for trading is higher highs and lows. Trend line support is located at 94.20. We look to buy dips. 94.14 has been pivotal. Bespoke support is located at 94.14. Our profit targets will be 103.24 and 105.24 Resistance: 98.00 / 100.50 / 104.00 Support: 95.50 / 94.14 / 91.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
COINBASE:LTCUSDLong
by VantageMarkets
✴️ Litecoin Continuation | Quick UpdateSame chart, no change. We can see Litecoin still respecting the rising trendline and producing a bounce on it as well as right above EMA50. This is good but still early. Yesterday's session ended as a bullish candlestick, this can be determined by the green close and the long lower wick. There is plenty of room for additional correction and consolidation while maintaining the bullish bias. If a bullish resumption starts today, the whole correction would have lasted between 7 and 9 days. Short-term looks good but uncertain. The bigger picture definitely is 100% up. Namaste.
CRYPTO:LTCUSDLong
by MasterAnanda
1