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LTCUST.P trade ideas

LTC/USDT 1D ReviewHello everyone, I invite you to review the LTC chart in pair to USDT on a one-day timeframe. We will start by marking with the blue lines the uptrend channel in which the price is moving, and locally we can mark the yellow downtrend line. Using the Fib Retracement tool, we can check where the price should have support. And here we can see that the price is in front of the support at $86.63, then we have a second support at $77.80 and then a third very strong support at $68.97. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price is currently facing strong resistance at $98.41 equal to 0.618 Fib, the so-called fibon gold point. We continue to have strong resistance at $114.13, once the price breaks it, it will move towards resistance at $134.29. The CHOP index indicates that there is still energy to continue the movement. On the RSI we have a visible rebound, we can see that there is room for the price to go lower, however, taking into account the STOCH indicator, which indicates that the energy is exhausted, we can see an attempt to increase the price.
by cryptodailyuk
LTC : Waiting for candlestick patternDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Short
by TraderBibres2003
3
Litecoin halving soon. How the LTC price will react?Today, let's look at what is happening on the LTCUSDT chart In 33 days, LTC Halving will take place, which means that the reward for a mined block will be halved. Previously, before the two previous halvings, which occurs every 4 years, the LTC price peak was reached 40-42 days before the halving. We described it in more detail here: This year, it seems that this pattern has been broken. For more than 4 months, the LTCUSD price has been in consolidation, twice entering the buy zone, which was also mentioned in previous ideas, and then the price bounced up sharply from there. Therefore, it seems more likely to us that the Litecoin price will break out of this consolidation to the upside. For ourselves, we have set a price range of $128-136 as the first place where we could cover some of our longs and take profit on medium-term trades. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
46
LTCUSDT BUY/SELL 1HHello friends, I hope you have a great day. There are two positions for Litecoin in the 1-hour and 4-hour time frames that can be a good opportunity for trading. The first position is a long-term position and is shorter in duration, but it has a higher risk. You can enter with a double entry at the specified levels with an average of 91.38. The second position is a short and swing position, and you can enter in two steps with an average price of 96.18. Good luck with your trades!
by jawad369
Brief Analysis ——LTCLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon, and the halving of DASH has already happened. Unlike most tokens in the market, LTC did not make a new low after its price returned to 43 in June last year. Even in November, the FTX hit the entire market. LTC began to rise with fluctuation in October last year, and after entering 2023, the price get into fluctuation. The volatility of LTC is greater than that of most tokens. There are frequent V-reversals on the daily level. Although on Jun.30, the price broke through the upper rail of the gray zone, but in the following days the price fell back to the gray zone. Recently, the price has continued to fall and the strength of the bulls is weak during the process. Once a green candle with a certain length appears, it will be immediately covered by the bears. Conclusion: Mostly fluctuation. The probability of falling is greater than that of rising. LTC maintain neutral on a large scale. Bulls have a slight lead over bears. Although the strength of the bears has declined recently, it is difficult for the bulls to strengthen at the current position. So we draw this conclusion. We set resistance level at 103 and support level at 83. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Short
by Sypool