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LTCUSD trade ideas

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
🏃‍♀️🏃‍♂ LTC. The spring has compressed. XxX's are inevitableOne of the most anticipated online events in the digital currency ecosystem in H2'23 was the Litecoin (LTC) halving, that took place in early August, 2023. As the cryptocurrency market prepares for one of the network's major events, the Litecoin (LTC) halving, investors and analysts were peering into the crystal ball of market trends in an attempt to predict the outcome. However, based on the hype that has accompanied the halving event over the past few months, there is good reason to believe that the online event may produce a different result than expected. Historical backtest analysis says that every time the number of new addresses COINBASE:LTCUSD exceeded 350,000 over the past five years, a significant price correction followed. More than 690,000 LTC addresses have recently been created, suggesting that the upcoming halving could be a “news selling” event. On the other hand, the upcoming Litecoin halving, in theory, provides the opportunity for a significant price increase. This thesis stems from the deflationary effect that halving will cause, reducing the rate of creation of new Litecoins. Combined with the growing demand for the coin, this again, in theory, could create an ideal scenario for price growth in the medium to long term. The aftermath of the Litecoin halving should provide the cryptocurrency community with valuable information, especially as investors prepare for the subsequent Bitcoin halving BITSTAMP:BTCUSD , scheduled for April, 2024. Technical picture in Litecoin COINBASE:LTCUSD at the same time indicates a continuing deflationary price compression, with possible prospects for a further price decline within the boundaries of a downward channel to multi-year/ historical lows.
COINBASE:LTCUSD
by PandorraResearch