LTCUSD: Short-Term Fluctuations, Long-Term Bullish OutlookHello,
COINBASE:LTCUSD may experience some short-term fluctuations, but the long-term bullish trend is likely to persist. The 1-year pivot point has served as resistance so far, and if it transitions to support in the future, further upside can be anticipated.
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LTCUSD trade ideas
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Litecoin USD BitstampYou can See litecoin could form a potential Double Bottom.
To complete the DB Litecoin has to Break the Neckline.
From the Moment on, LTC broke the Neckline, than the Double Bottom is confirmed and we are now up to see a Target, that is defined by the Distance of the Neckline to the Bottomline.
This Distance has to be put on the Bottomline, to know where the Trading target is.
And this target is also the 2.0 Fibonacci of course from the top to the bottom.
Cryptos usually dont only to a 2 Fibonacci as an aim. There are most likely heading for a 2.618 Fibonacci level, so i pasted this also and added it to the target zone, for a nice Swing- to Position-Trade. Happy Trading.
LTC to over 4XThe much-anticipated crypto bull cycle is imminent, and I am deploying capital across my favorite coins with tremendous upside potential. LTC is often overlooked and upon the recent rally pullback i have decided to finally position myself in LTC substantially as the market cycles indicate it has the potential of rising over 400% from current levels.
This trade came to my attention no more than 2 weeks ago and with the recent rumor's circulation regarding the LTC ETF, I think now is a great time to enter.
My avg entry price is at 69.95$ and i am open to adding to my position if we correct lower. I expect this trade to transpire within the next 6-12 months and will keep updates on the weekly.
Best of luck!
LTC long term viewLitecoin is currently in a +2000 day range
It could break out one day and if you it'll go nicely, as it did before.
However, one factor worth noting is that the 2021 high was barely higher than the 2017 high while Bitcoin did more than a 3x
This is relative weakness on Litecoin's part
I think it'll break out of the range one day, and when it does the target is $1000.
It could take a few years though.
LTC Daily 50-150 SMA Bullish Cross ImpendingLTC is about to have its 50 sma cross its 150 sma on the daily chart. This is occuring during the rebound of the price action from a support trend line in a rising channel. The price has recently bounced off support at the $64 level. RSI is 44 and turning upward.
BTC has overtaken its resistance also on the daily chart. A rising tide lifts all boats.
Not financial advice.
Do your own DD.
Thanks for looking at the idea.
LTC/USD Testing Key Lows; Support Still FormingHello,
COINBASE:LTCUSD is on track to test its 1-month low at 63.19 and potentially the 3-month low at 55.18. Buyers are stepping in now, but in my opinion, it's a bit premature—a bit more time is needed to establish solid support.
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ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may.
The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈
1) Bitcoin Cash / BINANCE:BCHUSD.P
2) Dash / BINANCE:DASHUSDT
3) Litecoin / BINANCE:LTCUSD.P
These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)!
_____________________
LTCUSD BUY 65.0On the 4-hour chart, LTCUSD has a chance to form a bullish Gartley pattern in the short term. Currently, we can pay attention to the support near 65.0. If it falls back and stabilizes, we can pay attention to buying opportunities. The upward target is around 71.0. If the price falls below the support near 62.0, the pattern will be declared a failure.
Litecoin, and the "Falling Three Methods Candlestick Pattern"On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say.
The evidence for a collapse in Litecoin price action has only grown in the past few months.
A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe represent significant profit taking and selling pressure.
The yellow arrows identify bearish engulfing candles. The last one printed on September 2023, confirming legacy support as resistance.
The print was followed by three green candles. Do you recognise them? And the red one that now follows it?
This candlestick pattern is called the “Falling Three Methods Candlestick Pattern”. It is a continuation pattern. When three Green candles in-between the bearish engulfing and DOJI are unable to close above the bearish engulfing candle, a significant sell off prints. Overall the pattern is informing you of the inherent weakness in price action.
Litecoin bulls, you’ve been warned!
Ww
LTCI'm a LTC holder and 've been charting it for a while. This is a yet another count where i presume that we finished a wave 2 in a higher degree. What i like to see now is a wave up and finding support arround de 68 - 71 dollar level.
Yet the isn't any impulse move up to be spotted, even more for now we can count 3 wave"s, in a minor degree and that aint good. finding support on the GP is crucial for LTC continuation to the nord.
Yes i'm a red zone on average entry :)
LTC 50/100 SMA Cross Bullish SignalLTC recently had the daily chart 50 and 100 sma cross. This is a bullish signal for the price action. Volume is declining as the price makes higher lows on a rising support. Stochastic rsi is 40. Target for the trade would be the previous swing high marked in a rectangle.
Not financial Advice. Do your own DD.
Thanks for viewing the idea.
LTCUSD: Testing Key Support LevelsHello,
COINBASE:LTCUSD has recently rallied to a peak of 76.755 and is currently testing the support levels on both 1W/1D. The strong weekly support level at 67.456 is approaching, along with daily support levels at 69.245 and 68.634. There is optimism that these key support levels will hold, potentially leading to further upward movement. However, if they fail, we may see a pullback towards the monthly pivot point.
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Litecoin Bulls in Action! Is $80 Coming Soon?
📈 Litecoin Bulls in Action! 🚀 Is $80 Coming Soon?
🔥 **Litecoin** is sitting in a strong **demand zone** around $70 and looks ready for a breakout! With the first target set at **$79.36**, we could see a major move soon.
💪 RSI is recovering, and momentum is shifting to bullish—this could be the perfect time to watch LTC closely! Eyes on that $80 mark! 👀
⚠️ Don’t miss the ride, but stay cautious around volatility! Key support at $70.
#Litecoin #LTC #Crypto #LTCPrice #CryptoTrading #CryptoNews #Bullish #Trading #Breakout
1. Price Action:
- Litecoin is trading around $71.04 at the moment.
- There’s a clear demand zone marked around $70.05, indicating a strong support area where buying pressure could increase.
- A first target is highlighted near $79.36, suggesting an expected upward movement toward this level.
2. Momentum Indicators:
- The RSI (Relative Strength Index) indicates a possible upward momentum, as the price has started to recover from a lower region.
- The chart labels various HL (Higher Low) and LL (Lower Low) points, indicating the price structure. After a series of lower lows, the price seems to be recovering.
- Bullish Momentum: The momentum indicators at the bottom of the chart show that the current phase is bullish, as seen with the "Bull" labels.
3. Technical Patterns:
- The price is near the lower boundary (support zone), which suggests that Litecoin could be poised for a bounce upward toward the target zone of $79.36.
Litecoin ETF Sparks Market Optimism Amid New FilingA Closer Look at LTC’s Future
The excitement around Litecoin ( CRYPTOCAP:LTC ) has intensified with the recent filing of a Litecoin Exchange-Traded Fund (ETF) by Canary Capital. This could mark a significant milestone for the cryptocurrency, positioning it alongside Bitcoin and Ethereum, which have recently received ETF approvals. With institutional interest in Litecoin rising and a potential approval on the horizon, the cryptocurrency world is buzzing with speculation about LTC’s price trajectory. Litecoin's founder, Charlie Lee, has expressed optimism, confident that the ETF approval will happen soon, further propelling Litecoin into the limelight.
Litecoin ETF: A Game-Changer in the Making
The recent filing of a Litecoin ETF by Canary Capital is an important development, as it could become the first single-asset Litecoin ETF globally. Charlie Lee believes that the ETF approval is imminent, following a growing trend of crypto ETFs gaining approval, most notably Bitcoin and Ethereum.
The significance of this filing cannot be understated. If approved, it would open doors for both institutional and retail investors to gain exposure to Litecoin in a regulated environment, potentially leading to a surge in demand. According to some market experts, this could see Litecoin’s price rise to $400 in the short term and possibly cross the $1,100 mark by 2026, aligning with broader institutional adoption of digital assets.
Institutional Demand and Growing Trust
One of the key indicators of rising institutional interest is the performance of Grayscale’s Litecoin Trust, which has grown by more than 2% daily and is currently trading at more than double its net asset value (NAV). This reflects strong demand from investors seeking exposure to Litecoin, even before the approval of an ETF.
The Litecoin founder emphasized that Litecoin shares many similarities with Bitcoin, particularly as both are considered commodities. This distinction, combined with Litecoin’s strong peer-to-peer transactional capabilities, makes it a prime candidate for institutional adoption.
Market Sentiment and Price Movement
Litecoin's price saw a surge following the ETF filing, reaching a monthly high of $75.88, recovering from a low of $62.12. However, the price has since experienced a slight correction, currently trading at $71.44, down by 5.04%. While volatility and uncertainty surrounding the ETF approval have contributed to this dip, the overall market sentiment remains bullish, with expectations of a significant rally once the ETF is approved.
Technical Outlook: Consolidation Before the Next Move?
From a technical perspective, Litecoin ( CRYPTOCAP:LTC ) is consolidating after its recent price surge, down 4.53% at the time of writing, potentially heading towards the support level at $68. Despite the pullback, Litecoin’s price action remains within a bullish triangle pattern on the daily chart, indicating a potential continuation of the upward trend.
Supporting this bullish outlook is Litecoin’s Relative Strength Index (RSI), which currently stands at 56. This suggests that Litecoin ( CRYPTOCAP:LTC ) is neither overbought nor experiencing weak momentum, creating a perfect scenario for a cool-off before another significant run. Analysts predict that Litecoin could retest the $100 mark in the coming weeks and possibly revisit the $200 and $250 levels in the longer term.
The Path Ahead: Litecoin's Potential Breakout
The current momentum around Litecoin is driven not only by the ETF filing but also by increasing demand from institutional players. Canary Capital’s ETF filing has positioned Litecoin in the spotlight, and with the U.S. Securities and Exchange Commission (SEC) already approving Bitcoin and Ethereum ETFs, Litecoin could be next.
As institutional adoption continues to rise, the approval of the Litecoin ETF could lead to a massive price rally, potentially driving LTC towards the predicted $400 target. On the downside, any delays or rejections from the SEC could result in short-term price volatility, with support likely to be found around the $68 level.
Conclusion: All Eyes on ETF Approval
The recent filing of a Litecoin ETF has sparked excitement in the crypto world, with Litecoin founder Charlie Lee expressing confidence that approval is just around the corner. If this happens, Litecoin ( CRYPTOCAP:LTC ) could witness a significant price surge, supported by strong institutional demand. While volatility remains, the technical outlook suggests that Litecoin is poised for further gains in the near future, with key resistance levels to watch at $100, $200, and $250.
In summary, the next few months will be crucial for Litecoin’s trajectory, as ETF approval could serve as a major catalyst, propelling the cryptocurrency to new heights. For investors, keeping an eye on both technical indicators and institutional sentiment will be key to navigating Litecoin’s future price movements.
LTCUSD - Indicator PerspectiveThis is the monthly chart for LTCUSD. As seen back in 2017 price flew up during the red period of this indicator, right now we are experiencing a red period like this, will price repeat the up move during red?
Horizontal lines in white are the two strong support areas
Bullish