LTCUST trade ideas
LTC Strategic Move: Collapse down to $56 Buying LiquidityIn light of the Triangle Breakout pattern, Litecoin has successfully reached its upside target. Simultaneously, LTCUSDT has broken above the resistance uptrend trendline, signaling a positive outlook for the long term. However, the current market conditions are presenting a highly intricate timing challenge for both buyers and sellers, with price exhibiting heightened volatility.
Despite the complexity, there's a probable scenario on the horizon. LTC's price might experience a downward move toward the $56 mark, a level often marked by stop losses. Interestingly, this zone is expected to attract significant buying liquidity, serving as a robust support and contributing to a highly favorable LTCUSDT price action.
Stay vigilant for the emergence of a new higher high, as it could indicate a rapid continuation of the uptrend. The key is to remain alert to market dynamics and potential shifts while navigating the current volatility.
NO ONE IS TALKING ABOUT LTC UNTIL THIS HAPPENS - SCENARIO 2
Here is the second scenario compared to the first one this one will be creating a new swing low at $68 before heading up to $140 mid term. If this plays out instead of the first scenario (see below) it is a pretty good risk reward of 6.65.
I will upload the primary degree view for more context stay tuned.
OTHER ANALYSIS
LTC - The FRACTAL that takes us to +300%📉Hi Traders, Investors and Speculators of Charts📈
As I always joke, Litecoin is still in prison... meaning that LTC hasn't been able to break out of long term accumulation yet. This however is A GOOD SIGN for traders because:
👉 Low risk entry
👉 High reward trade
👉 Another chance at accumulation
I'm still watching this fractal and patiently waiting for the first bullish confirmation, as discussed in the video.
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CryptoCheck
BINANCE:LTCUSDT
Litecoin(LTC): 100EMA Rejected PriceLitecoin has reached a historically strong EMA from the last time we had pretty sharp rejections in a weekly timeframe.
This time we also had a nice rejection, yet we need to close the weekly candle below this 100EMA, which would possibly mean a movement to lower zones!
Swallow Team
Litecoin (LTCUSDT) Market MomentumLitecoin (LTCUSDT) has been a steady force, treading above the 61.8% Fibonacci support area since late September 2023, creating a stronghold of demand around the $64 level. The recent resurgence sees LTCUSDT reclaiming its position above the long-term uptrend trendline, signaling the potential validation of a mid-term uptrend.
In today's analysis, a compelling chapter unfolds as we witness a potential clean bounce off the short-term uptrend trendline—a support pillar that currently cradles Litecoin's price. Notably, the $69 zone emerges as an attractive buying opportunity, boasting a risk-to-reward trade setup that promises solidity and potential gains.
The journey ahead for LTC holds promise. The $69 zone, with its strategic positioning and enticing risk profile, beckons as a gateway to potential market opportunities. As the gears of Litecoin's market dynamics click into place, our sights are set on the $87 resistance area, where the next chapter of LTC's upward trajectory may unfold.
LTC will go up after the pullbackLTC will go up after the pullback
🔵Entry Zone 84.07 - 88.73
🔴SL 77.49
🟢TP1 94.88
🟢TP2 109.08
🟢TP3 131.24
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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LTC confirm the forming triangleIn my opinion CRYPTOCAP:LTC is respecting the bottom line of the forming triangle.
If you see it LTC is the only mayor coin that didn’t have any pump in the last month.
I'm pretty confident to buy from here and hoping that it can break the resistance for a 10%-20% gain from the base line.
[LTCUSDT]ALWAYS BUY WHEN NO ONE IS TALKING ABOUT IT ...Hi All,
Silver has been underestimated for Years !, Now this will come an end.
Blue line is the Low-Equilibrium and the red is the high. Now at Low, heading high equilibrium.
This is start by doubling within days, in a week I will give the high but for LTC I see a quick 5 x in the next 2-3 weeks.
Trend and interest building up. which will squeeze the price- High Vol, small candles.
Always buy low sell high but ALWAYS keep an eye on it.
Cheers
LTC: 79-84 Support Zone can push the price furtherLTC: 79-84 Support Zone can push the price further
Finally, after a long time, LTC broke out of the 79 resistance zone and now turned into resistance.
The bullish optimism in the crypto market is pushing all ALTs to reach old zones again.
Chances are that LTC can easily reach 113 as it was before in July 2023.
Considering BTC and ETH are near all-time highs and holding strong there, the free liquidity may favor ALT more now and we may see LTC rise more.
You may find more details in the video!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
LTC ANALYSIS🔮 #LTC Analysis —— BREAKOUT 🚀
💲💲Finally #LTC breakout has already confirmed & running in 15% profit so far but #LTC still has long way to go ✍️ ✅
📊Current Price -- $91.20
🎯Target Price -- $180.79
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#LTC #Cryptocurrency #Breakout #DYOR
LTC 👉 🔺️ Moving in triangle 🔺️👈Hi dear traders
The price of Litecoin in the daily time frame is supported at the level of 78.6%( 56.52$ ) correction of the previous wave and has shown a good reaction to it. The not-so-credible downward trend of the price has also been broken and the normal positive divergence in the MACD indicator indicates the possibility of the continuation of the upward trend after the price exits the triangle pattern and breaks out of the 69$ resistance in the price.
Now we can open long position after breakout triangle or wait until feak breakout bottom of triangle near 61.5$.
Let's see what happens
This is not financial advice ( DYOR )
Good luck