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LTCUSD trade ideas

USD News Impact on LTC/USD: Importance of 1Y PP SupportHello Everyone, Given the recent USD developments, LTC/USD has explored support levels down to the 1Y PP, which has effectively held as a support level thus far. It is imperative at this juncture for the price to maintain above the 1Y PP to sustain its upward trajectory. Our immediate objective is to ensure a consistent position above the 1D PP to validate further potential upside. Conversely, should the price firmly establish itself below the 1Y PP, we anticipate further downside movement. TradeWithTheTrend3344
COINBASE:LTCUSDLong
by TradeWithTheTrend3344
Speaking of RSI trendlines...LTC is showing a glaringly obvious trend line in its daily RSI. Bitcoin is looking like it wants to retest recent highs as well and is in the process of breaking a series of lower highs. With LTCs halveninf having happened mid last year, if Bitcoin decides to take off here, LTC could be dragged into a rather large pump. No position here for me unfortunately as I'm very, very poor at the moment. If I had money though I'd be strong long. Gl
COINBASE:LTCUSDLong
by UnknownUnicorn5836947
LTC/USDT Harmonic Pattern Analysis for Profit PotentialOverview: LTC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action reaching a critical support level. This convergence suggests a potential bullish reversal from point D, presenting a favorable opportunity for traders to capitalize on the anticipated upward movement. Entry Strategy: We recommend entering a long position near 97.8739, strategically positioning ourselves to benefit from the anticipated bullish momentum. Stop Loss Placement: To mitigate potential downside risk, it is advisable to place a stop loss order near 92.028411. This level serves as a safeguard against adverse price fluctuations, preserving capital in the event of an unexpected market downturn. Take Profit Targets: Our analysis identifies multiple profit-taking opportunities to optimize returns: - TP-1: 102.8740 - TP-2: 108.2745 - TP-3: 113.7637 These targets are strategically aligned with key resistance levels, offering potential exit points as the price advances. Risk Management: It is imperative for traders to adhere to disciplined risk management practices, including proper position sizing and adherence to stop loss levels. Additionally, monitoring market conditions and adjusting trading strategies accordingly can help mitigate inherent risks associated with speculative trading. Conclusion: In conclusion, the technical analysis of LTC/USDT indicates a promising bullish outlook, supported by the formation of a harmonic pattern and confluence with key support levels. By implementing a prudent entry strategy, combined with effective risk management techniques, traders can potentially capitalize on the anticipated upward movement and achieve favorable returns.
BINANCE:LTCUSDLong
by trading_jupiter
Litecoin (LTCUSD): Your Next Profit Opportunity!For LTC, we were stopped out of our first attempt to catch wave (iv). However, we concluded wave (iv) exactly at the level of wave (i). Following that, we completed the overarching wave ((iii)), or wave (v), exactly where we anticipated, between the 61.8% and 100% levels. We are therefore in wave ((iv)), which we do not believe to have concluded yet, and expect a pullback to the 38.2% to 50% levels, which are at $90.20 and $85.81. Afterwards, we should at least reach the level of approximately $115, which is the minimum level. However, we should actually break out even more, but we will definitely see how things develop. Since we are still in an overarching wave 3, we should then go significantly higher. We will definitely place this entry, as the possibility of this being a triangle looks promising. So, we need to wait and see how Litecoin develops and whether our limit order gets filled.
CRYPTO:LTCUSDLong
by freeguy_by_wmc
Litecoin 4624With Bcash on the move its time to rethink Litecoin. Its the bastard child of the crypto markets for sure. Its finally cracking the 100 dollar level and has had a massive structure of accumulation. 400 would be conservative target. 2000 in play. Who knows. These markets are unlike any other time in the past 100 years. It will make 08 look like childsplay and so we could see a pullback to the trend line. But longterm nothing can stop Litecoin. over a decade of uptime. Makes Solana look like a complete clown show
COINBASE:LTCUSD
by BrandonrG
Focus on LTC/USD Stability above Key Pivot PointsHello Everyone, Recently, LTC/USD has experienced a downturn, emphasizing the importance of maintaining its current position above the monthly Pivot Point (1M PP), which has served as a reliable support level. Our main objective now is to secure a stable position above the weekly and daily Pivot Points (1W/1D PP), which have presented resistance challenges previously. Should the price consolidate below the monthly Pivot Point, there's a possibility of further testing of support levels. TradeWithTheTrend3344
COINBASE:LTCUSDLong
by TradeWithTheTrend3344