#LTC stay above $110 long to $145LTC is trying to break the key resistance. if it closes above $110 /4h.
LTCBULLUSD trade ideas
Litecoin : But it's different this timeCurrently long from 171. Any dips are a reason to buy IMO. Not sure how high this will go but first targets are near ~900. I'm sure Litecoin's long sideways movements over the years caused many to forget about this giant, pushing it to 13th on the mcap. But not me. I'm a bulliever in this coin and the technicals are there to justify.
Technicals : Thus far Litecoin is maintaining the 2019 pivot high and the weekly 200 MA. Yes we bled hard but take note of the 2017 fractal: the bleed out was much worse but price quickly recovered. Watch for similar price action or consolidation at these higher levels, threatening another stab at ATH. Price has rejected perfectly off of 25% of current median, and has come to a rest on 75%. These are areas of reactions in the market so don't let them pass you by. I see this as being in a 4th wave like most of the market. At this stage, dips are for buying NOT selling.
Position 1 : Long from 171 (avg fills)
Position 2 : TBD
Target : Minimum 850
Litecoin halving in 52 daysThe next Litecoin halving is estimated to happen between 7/30/23 - 8/2/23. Litecoin halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 12.5 to 6.25 LTC in the next Litecoin halving. Halving occurs every 840,000 blocks (approximately every 4 years). The next Litecoin Halving is Block #2,520,000.
What does this halving mean for Litecoin price action? Some think that the halving is already baked into the current market price. Others believe that the halving should increase the price because the rate of supply is halved. Well, let's see what the charts say about LTC price discovery history. It turns out that LTC has a clear angle of trajectory since 2014. I can get a relative value by aligning this historic angle of trajectory with major support and resistance levels.
By August 2nd, 2023 Litecoin will hit 52 dollars on the downside or 111 bucks on the upside. I think LTC 3rd halving in 52 days will be bearish. Strictly based on a probability from past price discovery patterns. Because LTC 1st halving on 8/25/25 and 2nd halving on 8/5/19 was a bearish event. That doesn't mean it must be a bearish event, it just means the current probability with all historical data to date is pointing down towards 52. If the market does something different this time around, I can see the three main levels are 52, 111 & 165.
In any event, going long LTC from 52 is a very high probability, low risk opportunity if/when it presents itself going forward past August 2nd 2023, for a longer term long trade. Right now, today 6/11/23, LTC is kind of floating around in the middle of these historic angle of trajectory levels in no man's land.
Whats a FakeOut in Technical Analysis.A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite direction.
For example, let's consider a stock that has been trading within a tight range between $50 and $60 for several weeks. Traders closely watch this range, waiting for a breakout or breakdown. Suddenly, the stock price surges above $60, triggering a breakout signal. Many traders interpret this as a bullish sign and start buying the stock, expecting further upward movement. However, instead of continuing the upward trend, the stock quickly reverses, dropping back below $60 and potentially even below the previous range. This sudden reversal traps the bullish traders, leading to losses and frustration.
Fake outs can occur due to market manipulation, false signals from technical indicators, or unexpected news events. They can cause confusion and result in traders making incorrect trading decisions based on the false breakout. Therefore, it is essential for traders to exercise caution, verify breakout signals with additional confirmation, and use risk management strategies to minimize potential losses caused by fake outs.
Can You See The FakeOut On This 4 Hr Chart
LTCUSDT next target 158 USDAfter today's massive push up, my next target will be 158 usd. It has huge potantial. Even if it hits 158 I have no intention to sell.
LTC Intraday ChartHi
It seems that LTC has ended wave (1) intermediate and for now is making waves (ABC) intermediate to complete wave (2).
This corrections should be only and only watched till correction ended.
Just See and make a good Plan.
Bye
ltcLitecoin is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011. In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase.
LTCUSD is attempting a bullish break out. Massive pump if it breLitecoin / LTCUSD is finally showing signs of bullish momentum, moving towards Resistance A (105.500).
If broken, buy and target the 1.786 Fibonacci extension (as on the November break out) at 132.000.
If not, wait for the price to pull back to the 1day MA50 before buying.
The RSI patterns between now and September-October are very similar.
Follow us, like the idea and leave a comment below!!
LTCUSD. Target 105USDI see opportunity to buy here. LTC haling is coming.
My strategy about crypto currencies: Always buy never sell.
What is a Litecoin block halving event?
Block halving event happens every 4 years on Litecoin blockchain. Litecoin's initial block reward was 50 LTC. The block reward splits every 4 years. This lowers the rate at which Litecoins are generated. The halving is periodical and is programmed into Litecoin's code. Current Litecoin block reward is 12.5 LTC, after the halving, the block reward will be 6.25 LTC. Halving will end approximately by the year 2142.
Buckle your seatbelts, Litecoin is backThe claim that Litecoin is inefficient because bitcoin has the lightning network and lower fees is no longer valid. Prioritizing Litecoin over both Ethereum and Bitcoin is no longer absurd in my opinion. Let me explain
Transactions, transaction fees, and transaction times are all areas now dominated by Litecoin. With Solana losing a great deal of the community's trust, other altcoins not being widely adopted, and the enormous fees of Bitcoin and Ethereum, the second-oldest cryptocurrency resurrects and becomes the best option for transactions.
Litecoin's target price of $130 could be reached within the span of 1-2 months. Around 45 days prior to the Litecoin halvening. This partly hinges on Bitcoin breaking $30k, but in my opinion, the upside potential of Litecoin is larger than that of Bitcoin and I do think we will ultimately continue up.
Litecoin Storm Warning 🌩️ : Imminent Correction Ahead The weather is tropical 🌴 – translating into imminent correction likely ahead – for Litecoin today.
On the other hand, the global crypto summer ☀️ continues with sunny weather in the coming hours and week ahead for the global crypto market as yet another major asset manager filed a spot Bitcoin ETF and on today’s options expiry.
This signals a slightly bullish market with upside potential. 📈
Follow us for more crypto weather reports!
LTCUSD | Will halving get us through the resistance?Good morning,
One month to go until Litecoin Halving.
Since the beginning of the year, we have been constantly moving between the daily EMA 200 (white) and the EMA 800 (purple).
At the time of this idea, we are back below the EMA 200 and all of our EMAs have flattened out.
With such news events, existing resistances and old liquidity zones can usually be worked off well.
I am therefore preparing for two scenarios.
Scenario 1 (blue)
We come in July again significantly above the EMA200 and our short EMAS, 5+13 pull along.
In this I would use 50% of the capital that I want to use for this idea.
The other 50% when breaking above the EMA800.
Scenario 2 (orange)
We get a stop hunt of our range.
Everything from $71.60 would be a top price and would lead to 50% accumulation.
The other 50% would come into play should we get back into the range after such a stop hunt.
Price Targets :
Around $110 and between $140 and $150.
Litecoin to breakdown?Litecoin - 24h expiry - We look to Sell a break of 83.88 (stop at 86.28)
Short term momentum is bearish. The trend of higher intraday lows has also been broken.
A break of the recent low at 84.18 should result in a further move lower.
We look for losses to be extended today.
Expect trading to remain mixed and volatile.
Our profit targets will be 77.88 and 76.88
Resistance: 87.00 / 88.50 / 90.00
Support: 84.18 / 83.00 / 80.00
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Litecoin Ready for $600 as per "W" Pattern ?Litecoin Technical Analysis
#Litecoin is currently trading at $85.
As per the chart, I am expecting some upward movement before the #LTC halving, followed by a further downside move.
The maximum upward movement could be $130, while the downside move could reach $50.
A price of $50 would be a great buying opportunity for the long run or the next bull market.
The 3-week chart is showing a "W" pattern, and if this pattern repeats, we could see CRYPTOCAP:LTC reach a high of $500-$600 in the next bull run.
Support Levels:- $50
Resistance Levels:- $100/$130/$214/$275
LTCUSD is in for a grinding SummerIf we lay the prior breakout to ATH for LTCUSD we can see it's been in a consolidation phase before and might have some more grinding to get through before the pressure lets off and we see potential upswing back into $100+ pricing.
2023/6: Surfing LTC - Entry now, Exit eta 16-20 Jun 2023
LTC: $97.54
Technicals:
1. Fractals point to peak 44 days before next LTC halving
Fundamentals:
1. Halving on 30 July - 2nd Aug (thereabouts)
Analysis:
1. Entry now, searching for exit 16-20 Jun via MACD
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.
Looking for a potential short here, so looking for Ideal entries, here and always...
PA is already moving away but includes areas of interest for a possible turn as well.
ltcusd 8hours best level to buy/hold 25% gains🔸Hello traders, today let's review 8hour price chart for LTCUSD . strong gains
recently off the range lows,however currently price getting overextended and
trading near range highs, so short-term expecting a normal pullback,
which is a buying opportunity
🔸Active trading range is defined by range lows at 80 USD and range highs at 98 USD.
Premium prices at 101/103 USD overhead. Limited upside beyond prem prices.
Trading in well defined range for almost 6 months now, strong re-accumulation.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later
early July.Best reload zone for position traders on buy side near 82 USD.
Short-term pullbackso bulls should wait on sidelines and be ready to reload lower
near 82 USD. final TP bulls +25% gains.
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LTC/USD +75% Move IncomingNice consolidation here ready for the move up to the monthly gap. Should get at least 75% return from here...
LTCUSD: MACD Hidden Bearish Divergence Targeting $45-$41LTC has recently formed some Hidden Bearish Divergences at these levels on the MACD and when looking at the Potential Harmonic Wave Structures it could get in if it goes down, many of them point towards $45 as that would be a second test of a much bigger Macro Log scale Gartley on the left, the PCZ of a current Potential Bullish Deep Gartley, and the PCZ of a Potential Bullish Butterfly.
After hitting those downside targets we could then see Litecoin go for another big move up; this time actually breaking the range to the upside and going for bigger targets perhaps as high as over $9000 as seen in this macro chart here:
InterestingDraw these lines for yourself on the weekly, then take a look at different time frames.
Hmmm...
Thoughts?
