Why Litecoin is my #1 pick right nowObserving the price action between the two vertical blue lines (the '20 to '21 bull cycle), and comparing to the trend based fib extension levels on the left, we have a blueprint for the fib levels that LTCUSD responds to. At the .236 fib, a 24% pullback. At the .382 a 36% pullback. At the .5 a 38%
Key facts today
Litecoin (LTC) is bullish after bouncing off $107 and breaking above the 50-SMA, surpassing $122. It faces selling pressure; a drop below $120 may lead to $111.
Key stats
About Litecoin
Litecoin was launched in 2011 as a direct competitor to Bitcoin, promising low-cost, and high-speed transactions to make it a cryptocurrency that could undertake point-of-sale transactions and microtransactions. Created from a fork in Bitcoin’s blockchain, founder Charlie Lee labeled Litecoin as a “lite version of Bitcoin” and “silver to Bitcoin’s gold.” Litecoin uses a proof-of-work consensus method and has halving events every four years just like Bitcoin, however its supply is slightly higher than BTC, totalling 84m LTC.
Related pairs
LTC Could Be Gearing Up for a Massive Wave 3 post 1-2, 1-2 Litecoin (LTC) appears to have completed a 1-2, 1-2 wave pattern, a classic bullish setup in Elliott Wave theory that often precedes an explosive move.
This nested formation signals strong internal momentum, where both the higher and lower degree structures are aligned for upside. If the count hold
Is Litecoin a free ride to $400?Taking a look at what I believe may be the most undervalued asset in the market as it has broken out of a trend line and is headed towards another test of a monthly level. This level has proven multiple times to be very rewarding. I think this may end up being one of the easiest trades in the market
Litecoin H4 | Bullish bounce off 50% Fibonacci supportLTC/USD is falling towards the overlap support and could bounce to the take profit
Buy entry is at 101.85, which is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss is at 97.43, which is a pullback support that aligns with hte 61.8% Fibonacci retracement.
Take profit
LTC: Bullish Structure Intact Above $104.3 SupportFenzoFx—Litecoin swept liquidity below $107.0 during today’s session and is currently trading near $110.0, supported by a descending trendline.
Technically, key support stands at $104.3. As long as this level holds, the bullish outlook is preserved. A break above the descending trendline could prop
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Frequently Asked Questions
Litecoin (LTC) reached its highest price on May 10, 2021 — it amounted to 413.86 USD. Find more insights on the LTC price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Litecoin (LTC) reached the lowest price of 40.33 USD on Jun 14, 2022. View more Litecoin dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying LTC is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade LTC right from TradingView charts — just choose a broker and connect to your account.
You can discuss Litecoin (LTC) with other users in our public chats, Minds or in the comments to Ideas.