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Litecoin (Cryptocurrency)

Price ReactionsThe trend for Litecoin on a weekly timeframe is downward. A descending trendline has been established, and due to the recent lag in growth, the price has revisited the descending trendline area, resulting in a decline. The orange support box at the Fibonacci 0 level is identified as a crucial support area, which has repeatedly influenced price reactions. At present, it is anticipated that the price will fluctuate between the established support box and the descending trendline. A breach in price on either side could significantly impact the overall price direction.
by MonoCoinSignal
1
LTC Update - 25.01.2024 / Short setup4 hour chart: I see the coin moving in a full downward oof through withdrawal of internal liquidity, structure breakdowns, FF imbalances and mithigating bts zones. At this point I'm considering two POIs for a set of shorts positions: 1. Daily FVG that broke local structure to short (Only through confirmation on ltf in the form of nascent off / structure breakdown) 2. Block order zone + ind (Also only through ltf confirmation) Market maker left enough compression behind the lows to deliver price on the downside, so we just have to wait for rebalancing in POI and trade pattern formation! Not financial advice, always think with your head! ❗
Short
by trademansi0n
Small corrective pattern or completion of larger wave degreeDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
CRYPTO:LTCUSDLong
by Mehdi_Abbasi_EWP
2
🏃‍♀️🏃‍♂ LTC. The spring has compressed. XxX's are inevitableOne of the most anticipated online events in the digital currency ecosystem in H2'23 was the Litecoin (LTC) halving, that took place in early August, 2023. As the cryptocurrency market prepares for one of the network's major events, the Litecoin (LTC) halving, investors and analysts were peering into the crystal ball of market trends in an attempt to predict the outcome. However, based on the hype that has accompanied the halving event over the past few months, there is good reason to believe that the online event may produce a different result than expected. Historical backtest analysis says that every time the number of new addresses COINBASE:LTCUSD exceeded 350,000 over the past five years, a significant price correction followed. More than 690,000 LTC addresses have recently been created, suggesting that the upcoming halving could be a “news selling” event. On the other hand, the upcoming Litecoin halving, in theory, provides the opportunity for a significant price increase. This thesis stems from the deflationary effect that halving will cause, reducing the rate of creation of new Litecoins. Combined with the growing demand for the coin, this again, in theory, could create an ideal scenario for price growth in the medium to long term. The aftermath of the Litecoin halving should provide the cryptocurrency community with valuable information, especially as investors prepare for the subsequent Bitcoin halving BITSTAMP:BTCUSD , scheduled for April, 2024. Technical picture in Litecoin COINBASE:LTCUSD at the same time indicates a continuing deflationary price compression, with possible prospects for a further price decline within the boundaries of a downward channel to multi-year/ historical lows.
COINBASE:LTCUSD
by PandorraResearch
Bitcoin weekly roadmapHi guys, I hope the growth of Bitcoin has brought you rich profits. What happened today was that we expected a temporary drop to fill the FVG area, which it did and it bounced back to 47,000. This upward trend continues until reaching the price area of 48000, the existence of a lot of liquidity and more resistance can bring the price back from this area. My idea is that Bitcoin will grow to the supply area of 48000. By collecting all the liquidity in this area, the price will experience a decrease to the demand areas of 43550 and 41250. Of course, you should keep in mind that with the news that will come for Bitcoin on Wednesday, let's have the possibility of any reaction for Bitcoin. Adjust your trades with optimal risk and guaranteed loss limit. If such analyzes are useful for you, I will be happy to support you and share your opinions with me in the comments section.
Long
by Golden_Star1994
8
LTC, giving us a chance to be a passenger on FLIGHT of the year!LTC is currently at correction phase -- and we all know this is a 'back to tarmac event' -- a chance for passengers to be in before the anticipated FLIGHT. Current pricing will be archived soon -- and a new 3-digit pricing will be in play. WEEKLY DATA is firm as it was before -- PRICE GROWTH imminent. 48 DAYS TO GO BEFORE HALVING. Days are getting shorter. Net buy positions keeps piling up at the 80-90 price levels. No instructions needed, you know what to do. Spotted at 88.0 TAYOR. Safeguard capital always.
Long
by JSAL
4
LTC/USDT Gearing Up for a Next Bull Run?👀🚀 LTC Analysis 💎 Paradisers, brace yourselves for a captivating stage in #LTCUSDT's market trajectory, indicating a potential bullish rise from its present demand zone. 💎 After facing a setback from a significant supply zone at $79.14, LiteCoin has notably navigated through the buy-side liquidity. This development hints at the likelihood of a temporary dip before embarking on a bullish upswing from the key demand zone at $58. If LTC gathers enough bullish strength at this level, we could see an aggressive move towards confronting, and potentially surpassing, the strong supply zone above. 💎 In the dynamic and ever-evolving crypto market, adopting a strategy as agile as the market itself is crucial. If #LTC encounters hurdles in solidifying its position within this vital support zone, a quick and strategic alteration might be necessary for success. 💎 In such an event, we would shift to our Plan B: considering a bullish surge from a lower demand level at $48. This point becomes critical for monitoring, as breaking below it could signal early indications of a transition to a bearish trend in #LTC's market narrative. 💎 Stay agile and strategic, Paradisers. Your ParadiseTeam is dedicated to providing you with the latest insights and strategies, ensuring you're well-prepared to navigate these market shifts effectively.
Long
by MyCryptoParadise_Simon
2
A Word Of Caution For Ethereum ETH/BTC Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom. I wish this chart would do something. . . . Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain. But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend. LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
by FederalXBT
Litecoin Front Running Solana, SOL Is Going To Crash to $20I noticed this same thing on Bitcoin and did a chart on it go check it out. Solana could be gearing up for a massive crash back down to $20. Litecoin has been front running Solana way ahead like weeks as you can see in the history of the charts. Litecoin could be a good indication of what is to come for Solana and probably any other ALT in this same situation. Just see the chart for yourself. Litecoin runs when Sol falls. Not financial advice. I called the last major SOL drop at the top and people called me crazy. I called the LUNA crash at the top and people called me insane. Good luck out there.
BINANCE:SOLUSDShort
by Bitgolder
18
If Litecoin Is An Indicator Of Whats To Come Then BTC to $20kLitecoin usually front runs Bitcoin in history. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did. I dont know if this is what will happen or if Litecoin is just taking longer in consolidation like bitcoin took longer by 5 months the last time. Not financial advice.
BITSTAMP:BTCUSD
by Bitgolder
3
If Litecoin Is An Indicator Of Whats To Come Then BTC to $20kLitecoin usually front runs Bitcoin in history. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did. I dont know if this is what will happen or if Litecoin is just taking longer in consolidation like bitcoin took longer by 5 months the last time. Not financial advice.
COINBASE:LTCUSD
by Bitgolder
8