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LTC Perpetual Futures Contract

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LTCUSD.P trade ideas

LITECOIN Is Trading On the Edge, Time To Make A Decision!Hello My Dear Traders Investors And Community, hopefully, everybody od you are doing well, today I have a look on LITECOIN and what we can expect from the next days and weeks, there are some interesting technical observations I made looking on the 4-hour time-frame. As I already pointed out with ETHEREUM we are still in an important zone, the same is with LITECOIN but we a different edge in the overall chart-picture. Therefore let's have a calm look at the current situation. Feel free to support for more market insight, my friends! Now, when looking at my chart we can see that LITECOIN is trading in a major up-trend channel, you can see this channel marked with the grey trend-lines which go to the right loft of the chart, this is an important up-trend-channel for LITECOIN because it touched several times on the lower-trend-line of the channel, as you can see this marked in my chart with the purple circles, that shows the high significance of this up-trend-channel, when we cross below the channel this will be a bad bearish sign for LITECOIN and the falling downtrend channel which you can see in my chart will be intact therefore in this scenario a high possibility is for more downside is given. What is a good sign currently is that LITECOIN is trading on an important bullish support-zone which you see marked with the orange box and the black trend-line, we have support in this area from past price movement and also it is building a logical coherent confluence-zone with the up-trend-channel. Therefore the possibility is given that we will see a bounce to the upside from that level, this scenario is confirmed when we cross the falling downtrend channel to the upside, but be aware! This can also be a fake-breakout with a bounce-back down after the test failed, therefore, we need a concrete confirmation with good momentum in this range. Both scenarios can be traded accordingly to the structure but the right scenario either the bullish or bearish should be confirmed rightly as I already mentioned! For the bearish scenario, the logical breakdown of the up-trend channel to the downside with a definite trend-continuation in the falling down-trend-channel can be traded after confirmation with a conservative SHORT-entry. The bullish scenario can be traded after we confirmed above the falling-downtrend-channel and above the orange box you see in my chart. In both cases, we have to wait and don't rush in an unsuccessful trade which goes in the other direction, this is what a good trader should always keep in mind to take the opportunities with the highest probabilities, in this case it will be when either scenario has confirmed properly! In this manner have a good day friends ;) Feel free to support for more market insight. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets
KRAKEN:LTCUSD
by VincePrince
10
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today. As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure. In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside. We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from. When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside. This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate. I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. For more market insight follow. May all luck and happiness come to you ;)
BITFINEX:LTCUSDShort
by VincePrince
17
The cryptocurrency market is bullish! Litecoin is the same?Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
CRYPTO:LTCUSDLong
by Mehdi_Abbasi_EWP
LTCUSD - bears looking to the ground! Hello traders and community! Looking on the current cryptomarket situation, LTCUSD is forming an interesting pattern which is worth to look at. On the daily timeframe you can see that LTCUSD is forming an triangle-formation. This is a pretty worthy signal because we have several factors which make clear that LTCUSD will make some more legs down. In my chart you can see that LTCUSD already confirmed the blue trend line and is now in a triangle-formation which normally in this situation breaks to the downside. The blue trend line is important because it is a 202 days old one which is broken now! In my chart you see the 38.2 % retracement of the overall bullish trend LTCUSD set in the past, it is also the triangle target! So two important levels to look at. The 38.2 % retracement is also an important psychological price level at 100 USD, normally at those price levels support and resistance is found! After this target is reached, (which is highly possible that it does) we have to look what LTCUSD does next. There are two other meaningful levels which LTCUSD may reach in the future! Once it is the 50 % retracement and second the 61.8% retracement of the recent bull move. This formation can be traded in several ways, there is an aggressive approach with immediate entry without waiting for confirmation, there is also an conservative approach to wait until the triangle has confirmed and broke out. The second option would be smarter because it is possible that the triangle breaks to the upside which it rarely will do! After a confirmation of the triangle down i will look for a good entry to place a short position. Other people may be bullish on LTCUSD now but at my point i cant see a decent long opportunity here! Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody! ;D
BITFINEX:LTCUSDShort
by VincePrince
8
LTC is BullishHey guys, I believe January 2024 might be one of the last months for LTC to be able to be bought at sub $60 price. LTC is one of the native proof of work coins just like BTC, Doge and Digibyte. 2020-2030 is the phase 5 of the digital revolution and we are in the mid of it. Things will move rapidly including the switch of the monetary system, starting in 2020. If you notice, everything has turned digital including businesses, schools, art, etc. This is where the blockchain technology will be pushed very hard into the narrative. Some cryptocurrency will become the future cash since every transaction will be stored and recorded in the blockchain, unlike physical cash. Always look for a catalyst like what happened in 2020, because everytime there is a catalyst, there are always opportunities behind the door. Catalysts are used to cover those doors, so a lot of people will not see what is happening 🙃 Anyways, good luck, rack up and be patient.
COINBASE:LTCUSDLong
by DigitalRevolutionPhase5
"Litecoin: Major Opportunity as Bullish Momentum Builds"Litecoin: Navigating a Major Buy or Sell Opportunity as Bullish Momentum Builds Litecoin, often dubbed the "silver to Bitcoin's gold," is currently at a critical juncture in its price action, presenting traders and investors with a significant buy or sell opportunity. Over the past six years, the market for Litecoin has been characterized by corrections, but each multi-year low has consistently formed a higher low, establishing a robust support level. This pattern of higher lows underscores the resilience of Litecoin's market structure and suggests accumulating buying pressure at key levels. Now, as Litecoin approaches a pivotal moment, all eyes are on whether it will break out to the upside, surpassing the multi-year resistance level marked in red on the chart. A breakout above this critical resistance level could signal the start of a bullish trend reversal and potentially ignite a sustained bull run. With Litecoin poised to challenge all-time highs, investors are closely monitoring the current pennant formation, marked by the black triangle on the chart, for clues about the coin's next move. The pennant formation is a technical pattern characterized by converging trend lines, signaling a period of consolidation before a potential continuation of the prior trend. In the case of Litecoin, this consolidation phase could be setting the stage for a decisive breakout, either to the upside or downside. For traders assessing this buy or sell opportunity, it's essential to consider the broader market context and key technical indicators. The pattern of higher lows provides a strong foundation of support, while the multi-year resistance level represents a significant hurdle for Litecoin's bullish aspirations. As Litecoin navigates this critical juncture, investors must exercise caution and closely monitor price action for signs of a breakout. Whether Litecoin breaks out to the upside and embarks on a bull run or faces rejection at the multi-year resistance level remains to be seen. Nonetheless, the current pennant formation presents a compelling opportunity for traders to capitalize on Litecoin's next major move in the cryptocurrency market.
COINBASE:LTCUSD
by UnknownUnicorn2319099
LTC CLose to breaking out - Does BTC have anyhting to say?We saw a break above the triangle pattern we've used as a gauge and saw some increased buying volume that helped break above the nearest MVA's to establish some price flooring. I expect LTC to benefit from a surge in BTC value as Those roll those profits down into older and similar chains to BTC. My theory is that if BTC breaks higher and above the next ATH, the profit-taking will happen for the older wallets. If market history is any indicator, then the smaller altcoins could see rising prices. In short, we could see buyers enter LTC as a "Silver" option to BTC's "gold" label.
COINBASE:LTCUSDLong
by cnote56
Pincher Triangle Pattern forming to a head in LTCIf the selling pressure continues, might there be another price spike or sell-off with another retest of the 50 MVA? I'm tracing a pattern from the prior retests of the 50 MVA. Each time, a long wick forms from selling pressure and drops to where the prices firmed up for the day. This traces through to a second time the 50 MVA was rested if you trace further back. Here, we can see some price action from around Feb 1st and into the 2nd for the presumptive rest of the 50 MVA (tracing for every 20 days at approximately -2%. Other than more downward pressure, there are still some buying options for LTC if you believe (like me ) that we'll retest $340 again and potentially within a year.
COINBASE:LTCUSDLong
by cnote56
Small corrective pattern or completion of larger wave degreeDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
CRYPTO:LTCUSDLong
by Mehdi_Abbasi_EWP
2