LTC Litecoin 800$In a previous post, I outlined the coins with possible ETFs. Each has held its price level even after the recent drop.
Everyone knows Litecoin is just a fork of Bitcoin, and there's not much technology in it. However, a decentralization and adoption issue is occurring, making it a suitable candidate for a potential ETF.
For technical analysis, we have a standard triangle with horizontal resistance on top. Such resistances tend to break out strongly.
So, I wouldn't be surprised to see a price of around $800 at the end of the cycle.
If we talk about the LTCBTC pair, we can see that the fall has stopped, the bottom has been minimized, and I expect an upward jump.
Best regards OVACXE
LTCUSD trade ideas
LiteCoin LTC for the Run? Looking for a x3 on this oneHi Guys, hope you are doing great!
This would be an amazing week, let´s go for it.
As you can see here on the (2W) chart, LTC has been in accumulation for 1.000 days.
The last 2 times it happened, it finished on a break out, but the first one was amazing compared to the one on 2020.
I have some reasons to believe this one could be more like the first break out than the second, this is similar to what happend with $XRP.
Also on the 1D chart, you can see a Wyckoff structure that wants to break, if it´s a breakout to the long side, I will buy the 75% I left to buy more.
Have a good week and let´s continue watching it.
LTCUSD it isAnalysis update:
Trend channel confirmation
The price is still moving within an ascending channel. The top of the channel has been retested and rejected, indicating a possible correction.
Risk-Return Setup
The red zone above the current price suggests a stop-loss level. The blue zone below the price indicates a take-profit area, which indicates a downside trade indication.
MACD Indicator
The MACD lines show a possible bearish cross.Histogram shows declining bullish momentum, which could indicate an impending decline.
Volume Analysis
Volume seems stable, but without strong buying pressure. This supports the idea of a possible correction.
Important Price Levels
Resistance: 139 USDCurrent rate: 133.52 USDSupport: 124-111 USD
Conclusion:
The price seems to be at a turning point within an ascending channel. The indicators point to a possible downward correction. If the price does not break above the resistance, a drop to 124-111 USD could be possible.
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Buy entry above 112.00
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LTC/USD "Bitcoin vs US Dollar" Crypto market is currently experiencing a Neutral trend (there is a higher chance for Bullish)., driven by several key factors.
🟣 Fundamental Analysis:
Litecoin's faster block processing time and larger maximum supply compared to Bitcoin make it an attractive alternative
The recent acknowledgment of Grayscale's filing for a Litecoin ETF by the SEC has boosted investor sentiment
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The global economic trends, such as inflation and interest rates, are influencing the cryptocurrency market.
The US inflation rate is at 2.90%, while the interest rate is at 4.50%.
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Institutional investors have increased their investment in LTC/USD, indicating a growing interest in the pair.
Retail traders are also optimistic about LTC/USD, with 70% expecting the price to increase in the next week.
🟢 Market Sentiment Indicators:
Fear and Greed Index: 65 (Greed)
Bullish Percentage Index: 75%
Put/Call Ratio: 0.4
Social Media Sentiment: 60% Bullish
🟤 Overall Outlook:
Based on the analysis, the overall outlook for LTC/USD is bullish, with a potential price increase of 5% in the next week. However, the market is subject to volatility, and investors should exercise caution when making investment decisions
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Litecoin Price Actionif you are looking for the next crypto pump, look no more.
It is LTC sponsored by the new bull SEC bringing you fresh ETFs to satisfy the gambling degens habits and of course to fill their pockets with cash
Please stop seems tight here, so it may be prudent that you analyze for yourself according to your risk parameters.
LTC soars, but here’s why I wouldn’t get too excitedLitecoin is pushing almost at key resistance, potentially setting up for a move higher in the next few days. However, there are key technical factors to consider. Where would a stop-loss be placed if a breakout happened today? What kind of risk-reward ratio would we have compared to waiting for the market to turn lower from resistance, trade sideways for a few days, and then move higher? That’s what we’ll explore in this market update.
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Litecoin: Massive 7-Year Triangle About to Break Out! 600% GainIt's been a long time coming, but the moment has finally arrived. This clear and clean triangle pattern has been developing for the last seven years and now looks complete and ready to break out. Get ready for an exciting ride and some significant gains. I have high confidence in this setup.
We'll see what happens!
Let me know what you think, your comments are greatly appreciated.
Good luck!
LTC giga move opportunity ?The altcoin market has been under constant pressure due to BTC’s increasing dominance. However, despite this, LTC has maintained a strong bullish structure on the weekly chart, which I find quite intriguing. It reminds me of XRP’s past performance. It might be worth the risk to add it to my spot portfolio. Let me know your thoughts!
Is an $LTC run imminent?I've been an observer of CRYPTOCAP:LTC on longer time frames for years and it seems to be potentially setting itself up for a massive move similar to March 2017 in aggressiveness.
8 years of cycles and slashing of mining rewards have finally distributed CRYPTOCAP:LTC rewards to the strongest and most determined holders who now are awaiting CRYPTOCAP:LTC ETFs to launch where potentially trillions of dollars of new demand can pour into this infinite resource.
Lets see if its finally Litecoin's time to shine.
Good Luck!
LTC - Will this coin the Next ETF to be approved?
LTC as many Knows is a fork of BTC which has resisted during bad and good times.
Not shitty things, just a fork of BTC with good simple and fast implementations.
Technically speaking this coin has formed a stage 1 base which is actually broken and it is now staying above the 100$ key level.
The historical volatility says that we are at 1/4 of a big movement which can lead this coin to 400$ which is our First target for the medium term.
No one is paying attention because most of the retail are looking to the MEME Chaos. ;-)
But we are surfing it and if we will have more technical confirmation we will add to our buy positions. For now we are in a contraction/ re accumulation zone as the chart shows.
Let's not the market fools you!
What do you thing?
Good trading!!!