LTCUST trade ideas
LTCUSDT 15m Binance
price got in to a minimum retrecement zone so it can reverse at any time.
price forming wave 1 and 2 of the new tren up as a wave c of B got rejected and continue as new formed wave Y.
price got in to a minimum retrecement zone so it can reverse at any time, keep it in your mind.
this count is possible, but what if it is not the only count available?
let me know if theres anything that i missed to mention.
channel maybe updated within the price progression.
price can reject of the channel upper boundry again as shown. we will just proceed with XX and Z after.
Litecoin's Ongoing PatternsLitecoin's Ongoing Patterns: Navigating Momentum Shifts and Support Levels in Relation to Bitcoin Dynamics
LTC Continues to Consolidate, Eroding Momentum Amidst Downward Pressure, Yet Bottom Not Necessarily Reached; All Dependent on BTC's Performance. Next Lower Level Resides at 77 - 76, Coinciding with Weekly Support.
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"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC.
Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward.
Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario.
However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price.
We described more about the LTCUSD price movement after the halving here:
Therefore, we have a critical level of $79.
If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56.
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LTC - USDT - 20-60% opp.RSI / MACD / MO looks like a consultation phase is over...price ist stabil at 78-84$ around.
RSI shows a sign of trend turns to new high over 100$ to 140$ aroun...this can be the new ATH for 2023...before new phase starts..next ATH is expected early 2024 to march 2024 for ltc, near to 7-1000$
good luck..DYOR..not FCA
LTCUSDTHello guys...
as you can see the ltcusdt formed an ascending trendline so we assume it would be bullish in the few next weeks.
on the other hand, this coin formed a Quasimodo pattern as well so the blue area is great for getting a long position!
the target is $95.5!
Probability of success=67%
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LTC/USDT possible Scenarios? 👀 Litecoin Today Analysis💎 LTC is making some intriguing moves. We've observed that it has effectively mitigated the previous Order Block (OB) and, in response, embarked on a downward journey.
💎 Currently, the price seems likely to continue its downward trend, as we have an OB at $81.59. LTC might initiate a bullish move from this point.
💎 Another factor to consider is that if the price fails to take a bullish turn from the $81.59 level, it could re-enter the supply area again at $70.82.
💎 The $70.82 level is of utmost importance because there's no more liquidity beyond that point. A bounce back from this area could set the stage for a bullish move.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
LTCUSDT Binance 4h a last push down before we'll change the trend with the bulls.
price got to the minimum retracement zone, so can reverse at any time.
but we can clearlly see that there is an impulse of wave A ongoing.
any type of correction as a wave B after.
wave C of Y should present an any type of motive wave.
keep an eye on reversal signs at 50-61.8
LTCUSDHello
Buy for the long term and invest
Litecoin digital currency is in the process of forming and starting a new upward wave, which consists of 5 Elliott waves, which is currently the end of the 1st wave and has entered the 2nd corrective wave.
The bottom of wave 2 can be considered the range of 65 dollars, and in general, wave 2 correction of buying position is suitable for long-term investment.
The mid-term target is $300