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LQTY / TetherUS

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LQTYUSDT trade ideas

LQTY after A Successfull Trade. We try Another one. **LQTY** is a governance token for the **Liquity Protocol**, a decentralized borrowing platform that allows users to borrow DAI against ETH collateral. LQTY holders can vote on changes to the protocol and earn a portion of the protocol's fees. Recent news: * On October 12, 2023, the Liquity Protocol announced that it had reached $1 billion in total value locked. * On October 14, 2023, the Liquity Protocol announced that it had integrated with the decentralized exchange Uniswap. **Disclaimer:** I am not a financial advisor and this is not financial advice. Please do your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast
#LQTYUSDT.P - Looking for the right spot for short !I expect a final hard bullish move in the #LQTYUSDT.P coin. And I expect this movement to push the 1.70 levels and even see the 1.74 band would not surprise me. Interestingly, in terms of time, I expect this move to happen around 02:45 (+0UTC) tonight. Although the time misled me yesterday (in my #bntusdt.p analysis with a one-hour difference), I expect it to happen around this time. And this last rise will be a nice short opportunity for me. In short, I am chasing short in #LQTYUSDT.P :) In my target, firstly, the current price of 1.45 band will be TP1 and I will close 60% of my position in this region. I will keep the remaining part for 1.34-1.32 levels. I hope it will be the right move :) Good Luck ! None of my statements are investment advice!!!
Short
by Binanciega
Nearing a Turnaround or Testing Deeper Waters?The LQTY price is below the middle band (Basis at 1.454), which often indicates bearish momentum. However, it's approaching the lower band (1.331), suggesting that the asset might be entering oversold territory. If it reaches the lower band, it might experience buying pressure. The MACD line is below the Signal line, and the histogram is in the negative territory, signaling a bearish trend. This suggests that sellers are currently in control. The RSI is at 34.87, which is nearing the oversold threshold (30). This could be an early indication that the selling pressure might be exhausting, and a reversal could be on the horizon. Fibonacci Retracement Levels: The price is currently near the 0.5 retracement level (1.257). This level often acts as a significant psychological barrier: If the price maintains above this level, it can act as a support, indicating strength in the asset's price. If it breaks below, the next significant support is at the 0.618 level (1.186), which might be where buyers step in. Conclusion and Most Probable Scenario: The current technical indicators suggest a bearish short-term momentum for LQTY. The asset seems to be in a correction phase, approaching significant support levels. The nearing oversold RSI and its proximity to the 0.5 Fibonacci retracement level might indicate a potential for a bullish reversal soon. However, if the asset fails to hold above the 1.257 level, a further decline to the 1.186 level (0.618 Fibonacci level) could be anticipated. Overall Trend: Currently bearish, but with signs hinting at a potential reversal.
by MonoCoinSignal
18
LQTY has strong resistance level and bullish triangle A strong resistance of $1.5 formed on the coin, which was stabbed and fixed below. Also, increased volumes came out in the resistance zone, which means that the instrument is in the distribution phase. Trading volumes have fallen. At the moment, the instrument is being pressed to the local support line behind which the stops of market participants are located. It is possible to roll back to the resistance line again and with further trading. We expect a breakdown of the local support level with the next approach. Open positions with high activity before the breakdown and at the time of the breakdown of the $1.45 level
Long
by CScalp_EN
2
LQTY Has bullish Rally Base Rally patternThe instrument in the game, increased volumes, activity in the glass, after the upward movement is in the phase of reaccumulation, as a result of which it formed a cascade of resistance levels, the closest on a round number and near VAH, also presumably a bullish Rally Base Rally pattern is formed, ideally I want to see another touch in the level and local trading, with a smooth approach, preload and increase of activity in the glass, I expect an impulse exit to long with the withdrawal of liquidity beyond the levels.
Long
by CScalp_EN
2
"Riding the LQTY Wave: A Strong Buy Signal EmergesThe LQTY coin is the native cryptocurrency of the Liquity protocol, a decentralized lending and borrowing platform. Liquity is unique in that it offers users the ability to borrow against their Ethereum collateral without having to pay any interest. Instead, borrowers are required to maintain a minimum collateral ratio of 110% at all times. If the collateral ratio falls below 110%, the borrower's position will be liquidated and their collateral will be sold to repay the loan. **Fundamental Analysis** The Liquity protocol has a number of advantages over other lending and borrowing platforms. First, it is decentralized, which means that it is not controlled by any single entity. Second, it is transparent, as all transactions are recorded on the Ethereum blockchain. Third, it is efficient, as it uses a number of innovative features to reduce the costs of borrowing and lending. The Liquity protocol is also highly scalable and can handle a large number of transactions. This is important because it means that the platform can be used by a wide range of users, from small investors to large institutions. **Recent News** On September 26, 2023, the Liquity protocol launched its mainnet. This means that the protocol is now fully operational and users can start borrowing and lending LQTY coins. On September 22, 2023, the Liquity protocol announced that it had been selected by the World Economic Forum to participate in its Blockchain for Social Impact initiative. This initiative aims to use blockchain technology to solve some of the world's most pressing social problems. **Disclaimer** Cryptocurrencies are volatile assets and prices can fluctuate wildly. It is important to do your own research before investing in any cryptocurrency. Please note that this is not financial advice.
Long
by MoonTradingForecast