Trend reversal trade setup formingTrend reversal trade setup forming.
I'm using the break of the green down trend as my entry.
risk will be determine later.
LTCBULLUSDT trade ideas
LTC Confirms Bearish Trend and May Reach $60LTC Confirms Bearish Trend and May Reach $60
At the beginning of November 2024, LTC broke down from a strong support zone near $68.00.
The price tested this zone three consecutive times without breaking it, but LTC broke through the support with strong bearish momentum on the fourth attempt.
Currently, the price is taking a pause, but it is expected to resume the bearish movement as long as it holds below $68.00.
If this trend continues, LTC may reach $60.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
New idea if btc goes up and donald trump wins the presidential election,
C closes higher and we can take 10% profit
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 68.45-66.76
⚡️TP:
69.43
70.50
71.90
🔴SL:
64.89
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Litecoin (LTC) Intraday Scalping Investment ThesisInvestment Thesis
As a trader specializing in intraday scalping strategies for Litecoin (LTC), the current market conditions present a unique opportunity to capitalize on short-term price movements. With the price of LTCUSDT currently at $72.1000, and a trading volume of 156,381.8400, the sentiment among traders is predominantly bullish, as indicated by the long-short ratio exceeding 1.9000. This suggests that a significant number of traders are taking long positions, aligning with the potential for upward price movement.
Data Analysis
Open Interest: Steadily increasing, indicating growing trader participation.
Weighted Funding Rate: Slight positive trend, suggesting that long positions are favored.
Liquidation Levels: Currently low, providing room for price movement without triggering significant sell-offs.
Analysis: Supports the bullish sentiment observed in the market.
Binance Data
Sentiment: Leaning towards bullish, based on expert predictions from Binance and TradingView.
Key Levels:
Resistance: $72.8900
Support: $71.0100
Expert Recommendations:
CryptoAnalyst123 and MarketGuru emphasize the potential for upward momentum.
Analysts suggest entering long positions as LTC approaches the identified key levels.
CoinMarketCap Data
Circulating Supply: 72 million LTC tokens.
Market Capitalization: Approximately $5.2000 billion.
24-Hour Trading Volume: $156,381.8400, indicating strong trading activity.
Analysis: Robust trading volume supports the bullish outlook for LTC, as increased trading often correlates with price movements.
Sentiment Analysis
Sentiment Score: 75%, trending positively among retail investors.
Top Sentiments: Predominantly bullish predictions in social media discussions.
Implications: Aligns with technical indicators and financial data, reinforcing the case for potential long positions.
Technical Analysis
RSI (Relative Strength Index):
Value: 57.9800
Interpretation: Indicates a neutral stance with potential for upward movement.
MACD (Moving Average Convergence Divergence):
Status: Currently neutral; watch for a bullish crossover.
Stochastic Indicators:
Status: Suggests some bullish momentum.
Moving Averages:
MA10: $72
Price Positioning:
Consolidation: Around the support level of $71.0100.
Potential Breakout: If LTC breaks above the resistance level of $72.8900, it could signal a strong upward trend.
Key Levels:
Support: $71.0100
Resistance: $72.8900 and $73.5000
Analysis:
The RSI indicates room for upward movement without being overbought.
A bullish MACD crossover would support further upward momentum.
Price consolidation around support suggests potential for a breakout.
Breaking above resistance levels could trigger strong bullish trends.
Summary
The current market conditions for Litecoin (LTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators suggest potential upward momentum, with key resistance levels at $72.8900 and $73.5000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, maintaining vigilance is crucial as the RSI approaches overbought levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: OPEN_LONG
Confidence Level: 85%
Current Price: $72.1000
Stop Loss: $71
Take Profit: $73.5000
Exit Point: $73
Entry Criteria
RSI: Below 65 indicates potential upward movement.
Price Breakout: A break above $72.8900 will signal an OPEN_LONG position.
MACD: Watch for a bullish crossover.
MA10: $72 suggests continuation of the trend.
Current Indicators:
RSI: 57.9800
MACD: Currently neutral, watch for bullish crossover.
MA10: $72
Action Plan
Monitor the Price Closely:
Breakout Strategy:
If Price Breaks Above $72.8900:
Action: Open a long position.
Adjust Stop Loss: Tighten the STOP_LOSS to $71 to minimize potential losses.
Take Profit Strategy:
As Price Approaches $73.5000:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $73 to secure profits.
Risk Management:
Set Stop Loss at $71 to limit potential losses.
Take Profit at $73.5000 to capitalize on expected price movement.
Exit Point at $73 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
#litecoin trying to clear resistance level.Litecoin tried to clear resistance level 3 times, after breaking the resistance scorehood evolutionary algorithm expects increase continuation. Bitcoin strong momentum should continue for bullish environment.
Let's see if it will proven right again ?
LTC is duplicating BTC's pre surge DNA based on MONTHLY metrics.FOCUS ON LTC.
A theoretical and technical analysis of these two major coins price movements.
LTC's recent monthly price metrics is reminiscent of BTC's September 2023 movements before it shot up from 20k to 40k. As we speak, it is following the DNA of that certain movement. We are now at the critical heat point for that X2 surge.
BTC post surge price touched 38.2 fib trend levels with precision at 40k from its 20k++ base range. A similar scenario for LTC will likely play out. A 38.2 fib trend level would mean a 150 price valuation after a break in structure. We are now at that crosspoint.
Spotted at 70.0
Conclusion: If you're late with the BTC bull party, LTC will now be your ultimate friend.
TAYOR.
Safeguard funds always
LTC on the runway - a profitable entry! 🔔 Now we hear that LTC and ETH may soon be approved. This is a great opportunity to consider a potential trade with a clear risk-to-reward ratio! At the moment, the coin is showing stability, which may signal rapid growth.
💰 LTC #LONG
➕ Position entry: 70-68
📈 Take Profit 1: 75
📈 Take Profit 2: 81
📈 Take Profit 3: 89
⛔️ 📉 Stop Loss: 65
🔥 Risk to profit ratio: 1:4
🆘 Recommended trading volume: no more than 5% of the deposit amount. ❗️
Litecoin (LTC): Possible Market Structure Break / H&S PatternWe are back with our video contents and this time we decided to look at Litecoin, where we are seeing a good possibility of downward movement after sellers secured nicely that zone of EMAs.
Now we should see a nice MSB to form and a further movement to fill that FVG zone!
Swallow Team
LTC Pennant Breakout Strategy with Bullish BiasLTCUSDT has been consolidating in a potential pennant formation since March 2022. The eventual breakout will likely determine the coin's next major trend. While the structure leans bearish, a bullish approach is proposed: accumulate at current prices with a stop-loss below the recent low.
This strategy aims to maximize gains when the price decisively breaks out. The analysis outlines targets for both bullish and bearish scenarios, but emphasizes the upside potential. $59 remains a crucial support level to monitor. Currently trading at $74.77, LTCUSDT shows promising bullish signals across multiple timeframes. The near-term upside target is set at $104, reflecting optimistic market expectations.
Your support on the post will be appreciated.
Carefull Litecoiners !
The red zone at the top of the chart indicates a heavy supply area. The price is currently in an uptrend, and as it touches this level around $76, selling pressure might increase. The green zone (FVG Daily) below serves as a strong daily support, and in case of a pullback, it could provide an attractive re-entry point. 📊
Waiting for either a breakout or a price reversal. Can Litecoin break through this level? What do you think? 🤔
#Litecoin #LTC #CryptoAnalysis #Resistance #Support #FVG #TradingView #CryptoTrading #PriceAction
CareFull Litecoiners ! Hi Dears.
Litecoin (LTC) approaching a major resistance on the 30-minute timeframe! 📈
The red zone at the top of the chart indicates a heavy supply area. The price is currently in an uptrend, and as it touches this level around $76, selling pressure might increase. The green zone (FVG Daily) below serves as a strong daily support, and in case of a pullback, it could provide an attractive re-entry point. 📊
Waiting for either a breakout or a price reversal. Can Litecoin break through this level? What do you think? 🤔
#Litecoin #LTC #CryptoAnalysis #Resistance #Support #FVG #TradingView #CryptoTrading #PriceAction
---
@TradeWithMky ♥
LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time.
The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
LTC USD in bull market 2025 - 2026i use trend line and knowledge about trading, i guest LTC will up to 600 - 800 this bull session
Litecoin (LTC)Litecoin price today is $81 with a 24 hour trading volume of 920 million dollar. LTC price is up 7.0% in the last 24 hours
Litecoin is a peer2peer cryptocurrency created by Charlie Lee, a man who take advantage of working on first crypto exchanges aka Coinbase and dump most of his coins on first days of listing, became millionaire and quit his job! so technically LTC is just a simple fork of BTC
50-60 is a dip for ltc and good time to load some coins and 95-110$ is an important time for bulls and time to take good profit as well
Never FOMO on LTC and be ready for rejection and pullback at blue line level
Ltcusdt to 145Litecoin will go 145 per dollar very soon. I don't know what to say more than that. Like how do I know that price will reach that level? Ok because that's how price behaves
LTC Bulls are backBINANCE:LTCUSD.P Is at resistance and it will surely break it out if somebody want take entry at this price for scalp it is the best opportunity, #LTC is forming a cup and handle chart pattern inside this trend if it break out this trend the price will surely go 90-95$.
#LTCUSDT #1D (ByBit) Ascending wedge breakdown and retestLitecoin lost 100EMA acting as resistance now and is pulling back towards it, more retracement down seems likely on daily.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
64.32
Entry Targets:
1) 65.78
Take-Profit Targets:
1) 55.34
Stop Targets:
1) 71.01
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +79.4%
Possible Loss= -39.8%
Estimated Gaintime= 1 month
Litecoin is Better than SilverThis trade fundamentally relies on the idea that capital will rotate from BTC and memecoins to old POW coins like LTC. Most likely to occur during summer.
Technically, i like the chart
SasanSeifi|Will It Break Resistance or Test Lower Supports?Hey there, ✌ On the weekly timeframe, BINANCE:LTCUSDT price movement, after ranging around $84, faced a downward trend and corrected to the $50 level. Currently, the price is trading in a range around $63 with limited fluctuations.
In the long-term weekly timeframe, key support levels for Litecoin are at $50 and $42. To continue the upward trend, it’s essential for the price to break the critical resistance at $85 and hold above it. If this resistance is broken, the likelihood of further price growth increases.
For a clearer understanding of the price movement, it’s crucial to closely monitor Litecoin’s reaction to the $70 to $85 range. If the price fails to sustain above these levels, we may see a correction and a potential return to the major support zones.
🔶The chart is in logarithmic scale.
This analysis reflects my personal view and is not financial advice. If you found this helpful, feel free to like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
LTC / USDT - Looking at more lows in the medium termLTC Price Action Analysis:
LTC was expected to break out decisively and resume its upward trend a few weeks ago, but it now appears to be forming a larger WXY corrective pattern. However, the C-wave of Y isn’t perfectly fitting within the expected structure, leading to some uncertainty about its completion.
Currently, I’m holding onto this pattern as my primary outlook unless I see a MACD curl-up or a significant increase in volume, which would signal a potential upward move.
If Bitcoin (BTC) experiences another low before beginning its upward movement, there’s a high likelihood that LTC could also make new lows before resuming its upward trend. For now, I’m closely monitoring the signals for confirmation.
#LTC/USDT breaks the Diagonal Trendline in 1-Hour TF!#LTC/USDT breaks the Diagonal Trendline in 1-Hour TF!
Wait for a successful retest to long $LTC. The local resistance level is PWL $65.6 and the support level is $63.96.
