LTCUSD Forecast Pushing HigherLTCUSD could pulse up before falling to 86.62 for a bias of 82.50. Unstable market trend.
Happy Trading and take care
K.
LTCUSD trade ideas
Litecoin to breakdown?Litecoin - 24h expiry - We look to Sell a break of 84.98 (stop at 88.08)
Broken out of the triangle formation to the downside.
Trading has been mixed and volatile.
Daily momentum has stalled and our bias is now neutral.
A break of the recent low at 85.33 should result in a further move lower.
85.33 has been pivotal.
Our profit targets will be 77.48 and 76.48
Resistance: 90.00 / 93.00 / 94.50
Support: 89.00 / 87.50 / 85.30
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DestinyI hope that the $111 resistance will be broken and then the professional bull game will begin
LTC follow XABCD partnernAbove is the pattern of LTC, the price and the wave need to correct to $59 to complete the parallelogram correction trend for the XABCD wave to approach the new target of $171. Let us know what you think about this code
Long $LTC / RR 5.18LTC is currently breaking out of a HVF structure.
Bitcoin is down 5% after the fed increase rates by 0.25% and $LTC is one of the only green coins today.
I took an early entry yesterday currently in at $80.72 with a stop loss and $80. I will move stop loss to $79.45 if the trade develops to first target at $85.73.
#LTCUSD- APPROACHING PREMIUM AREA TO SELL Happy Weekend, Prices of the crypto has been bullish since we have got to know about USA BANKING CRISIS making DXY and other currencies vulnerable therefore for shorter term we would be expecting price to continue rising until it reach out area of reversal where we can sell for swing entry.
Litecoin in ascending triangle.Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64)
Price action has continued to range within a triangle formation.
Bespoke resistance is located at 94.50.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Price action has broken from the previous formation.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 85.88 and 85.08
Resistance: 92.50 / 94.50 / 95.69
Support: 90.78 / 90.00 / 88.63
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTCUSD - Bullish Flag PatternIn hourly time frame chart of LTC USD a bullish flag is formed , a buy trade if highest point of pole breaks
LTCUSD - Bullish Flag PatternIn hourly time frame chart of LTC-USD a bullish flag is formed , a buy trade can be taken if HH level breaks
What led to more than 20% gain in the price of LTC?Rally in the price is mainly due to halving of coin which is likely to happen in August 2023.
In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018.
Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance, target price will be $147.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
LITECOIN is rallying and can reach $250 based on this fractal.Litecoin (LTCUSD) is rebounding on its 3D MA50 (blue trend-line) towards the 3D MA200 (orange trend-line). If it breaks above the Bear Cycle Lower Highs trend-line (dashed line), then it might imitate the October 2020 rally. So far the two sequences are fairly similar, even on MACD terms. A break-out rally similar to Oct 2020 can hit the 0.786 Fibonacci extension and print $250.00
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Litecoin Halving GameplanWhat is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet.
Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin offering at launch (thus it should not be targeted as a security by the SEC). The Litecoin block rewards for mining are currently 12.5 Litecoin per block. Every 840,000 blocks, the block reward is cut in half. As of this post there are 76,215 blocks until the next halving, estimated to take place August 2, 2023. Similar to bitcoin, the halving event reduces the supply of Litecoin entering the market. This reduction in supply, combined with steady or increasing demand, can cause the price of Litecoin to increase. In the past, we have seen significant price run-ups leading up to the halving event, followed by a reversal within a few weeks of the event. In 2015 the pre-halving trough to peak was in mid-July prior to the August 25, 2015 halving. In 2019 the pre-halving price peaked in mid-June.
Interestingly, there were similar but less extreme economic conditions between the current environment and the 2019 halving. The S&P experienced a recent drawdown, fed funds rate had recently peaked, 2 year bond rates had recently rolled over fed funds, and global liquidity was relatively flat.
My game plan for this halving event is to:
1) assume that price will not reach a new ATH and will have a lower proportional run-up than prior halvings
2) plan for price to peak by mid-June
3) take profits in three stages
TP1 - $130 - the 0.786 of the retrace from the 2019 pre-halving peak to trough
TP2 - $170 - the 0.5 of the retrace from the November 2021 high
TP3 - use a moving stop to allow any further continuation
4) stop loss for invalidation at the bottom of the rising channel
CRYPTOCAP:LTC BINANCE:LTCUSDT
LTCUSD H4 | Potential bearish reversal?Looking at the H4 chart, the price is approaching our sell entry area at 90.684, which is an overlap resistance and also aligns with the 61.8% Fibonacci retracement. If the price were to reverse, it could drop down to our take profit at 77.355 which is an overlap support. Stop loss is at 98.689 which is an overlap resistance just beyond the 78.6% Fibonacci retracement.
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