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LTCUSDT trade ideas

Litecoin Long-Term Bullish: $270 Target in Next Bull MarketLitecoin Bullish Chart Analysis Litecoin (LTC) is currently trading at $77.50. According to a technical analysis by CryptoPatel, the price is expected to move 30-40% down from here before skyrocketing. The analysis is based on the rising wedge pattern, which is a bearish continuation pattern. If the price breaks down the rising wedge pattern, we could see a drop to $65 and $51. The analyst recommends buying Litecoin at $60-$65 or $51. The target price is $100 after hitting both buy zones. The next target is $270 in the next bull market. However, there is some risk in the short term. The price could break down below $51 and go even lower ( which will best buying price ). Therefore, it is important to do your own research before investing in any coins. Here are the key levels to watch: Support: $51 Resistance: $100 Disclaimer: This is not financial advice. Do your own research before investing in any coins. Additional notes: CryptoPatel is a well-known cryptocurrency trader and analyst. Technical analysis is the study of historical price movements to predict future price movements. Technical analysis is not always accurate, and there is always the risk of losing money when investing in cryptocurrencies. Follow us for More Quality Analysis. Thank you.
Long
by CryptoPatel
3
LTCUSDT ⚠️"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart. Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes below these three lines, we should expect further decline and a fall towards the main trendline, represented by the green color on the chart. Therefore, today's candle is crucial for me, and if it doesn't return above the support lines, I will be looking for a selling point." ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
Litecoin's price looks really...LITEBINANCE:LTCUSDT Litecoin encountered selling pressure as it turned down from the moving averages and broke below the support line of a symmetrical triangle pattern on June 10. This decline signaled the bears overpowering the bulls. Although the LTC/USDT pair is attempting a bounce from the horizontal support at $75, the inability of the bulls to push the price back into the triangle suggests that the bears are selling during minor rallies. This raises the likelihood of a further drop below $75, with the next significant support at $65. Alternatively, if the price reverses from the current level and reenters the triangle, it would indicate a potential bear trap. Positive momentum may strengthen once the bulls push the price above $91.50.
Short
by TradeViewDemiGod
LTC/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the lower range, while inside the channel we can mark the local downtrend line under which the price is located. Moving on, we can move on to marking support areas when the current correction begins to deepen. And here the price is in front of a very strong support at $75.55, but if the support is broken then the next support is at $69.44. Looking the other way, we see first resistance at $78.88, second resistance at $82.11, then third resistance at $84.88, then we have a very strong resistance zone from $87.48 to $91, $21. At this point, it is worth noting that the current price drop caused the price to drop below the EMA Cross 200 line, which indicates a return to a strong downtrend. Please look at the CHOP index, which indicates that the energy has been used, the MACD confirms the current downtrend, while the RSI has a rebound to the lower end of the range, which may indicate the imminent end of the correction and the upcoming increase.
by cryptodailyuk
LTC/USDT 4HInterval ShortTermHello everyone, let's look at the LTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line. Let's start with the support line and as you can see the first support in the near future is $73.41, if the support is broken then the next support is $70.02, $67.24 and $64.45. Now let's move to the resistance line, as you can see the first resistance is $78.69, if you break it, the next resistance will be $81.90, the third $84.63 and $87.18. Looking at the CHOP indicator, we can see that there is a lot of energy for the upcoming move, the MACD has returned to the local uptrend while the RSI is moving at the lower border which could give the price an increase in the coming hours.
by cryptodailyuk