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Litecoin (Cryptocurrency)

LITECOIN Halving only a few hours away! Is it bullish or not?Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC. The previous two Halvings were on August 05 2019 (Halving 2) and August 25 2015 (Halving 1) respectively. All halving events have caught the price on a pull-back after a break above the 1W MA100 (green trend-line) with the 1W MA50 (blue trend-line) supporting. During the previous two, the price managed to reach the 0.5 Fibonacci retracement level, while on the current Cycle it came $25 shy of it. It appears that the current Bull Cycle has started on a slower pace than the previous two, as also illustrated on the 1W RSI, which hasn't yet crossed the 70.00 overbought barrier. They key is the Lower Highs trend-line, which on all Halvings made contact with the pre-Halving Lower High and once broken the price never made a Lower Low again. If you want to take the safest buy entry possible, wait for that break-out to happen. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSD
by TradingShot
3
Crypto Market in 24 Hours: Bright Outlook ⛅, LTC Halving LoomSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off. Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰 Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
🔥 Attention Litecoin Holders: Convert To BTC While You Can! 🚨If you enjoy this analysis, please give it a like and a follow. Today is the big day: the third LTC halving will happen in a couple of hours. This means that the rewards from mining will be halved, same as the BTC halving. Although the LTC halving has been generally a bullish event in the months before the halving, it has always been a bearish event once it has happened. Buy the rumor, sell the news. As seen on the LTC/BTC chart, it has historically ALWAYS been a better option to convert your LTC to BTC after the halving. In other words, BTC has always outperformed LTC in the months after the halving. Do with this info what you want. All I know is that Bitcoin will very likely outperform Litecoin for the coming months.
Short
by FieryTrading
5
LTC - The #Halving is Around The Corner ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LTC has been trading within a significant range between 85 and 100. Currently, from a short-term perspective, LTC is showing a bearish trend as it is trading inside a descending red channel. The upcoming LTC halving is worth considering (in 24 hours), and two potential scenarios can be anticipated: 📈 Scenario 1: Bullish Takeover - Medium-term perspective For the bulls to gain control in the medium-term, we need to observe a daily momentum candle closing above the key round number of 100.0. 📉 Scenario 2: Short-term Buying Opportunity In parallel, if LTC's price approaches the demand zone near 83.0, we may look for short-term buy setups on lower timeframes. This could present an opportunity for traders to capitalize on potential price rebounds from the support level. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:LTCUSD
by TheSignalyst
19
🔴 $BTC : NEW Update , Bearish Move ? Well, as you can see, after the price correction, now Bitcoin is resting in the range of $29,400! To start falling again, the price must stabilize below $29730 and this is one of the most important conditions for falling again! You can monitor the price and if the price enters this area, enter the SELL position with the right trigger! Last Update : Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
COINBASE:BTCUSDShort
by ArmanShabanTrading
42
How To Trade Crypto Fast And Easy With Litecoin And BinancecoinRight now the market sentiment in crypto is very negative -- This means if you bought Bitcoin recently you are down on your position -- It may seem like it's not a good time to buy Crypto -- But I have a strategy that helps me stay disciplined and stick to my position even -- in down trends -- Its called the Rocket Booster Strategy -- This strategy has 3 steps: -- #1 - Price has to be above the 50 EMA #2 - Price has to be above the 200 EMA #3 - Price has to have a catalyst -- In this chart, the catalyst is a market crash -- REMEMBER: Do your own research before you trade do not just follow my recommendation that would be irresponsible - You rocket boost this post to learn more
Long
by lubosi
LTCUSDTLTCUSDT Litecoin may exit the falling wedge upwards. This pattern is a bullish pattern that usually leads to higher prices. In case of successful completion of the pattern, the targets are considered at the level: $94 - $98 - $100.55 At the same time, we advise you to enter the position only with a small percentage of the deposit, because BTC can very likely go even lower. In this case, the reaction will be appropriate. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
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
Litecoin Targeting Weekly ResistanceTend Bullish Litecoin price has a weak spot that could implode with LTC diving 15% The network has gained more than 300,000 new addresses in the first week of May. The next Litecoin halving is scheduled for August 12 tentatively, and such events have been synonymous with price rises. Litecoin price, despite having a major event coming up in about three months, is still mostly following the broader market cues. However, the altcoin’s investors have been growing bullish by the day, and the same is visible in their participation, which is currently far higher than the average. In the first week of May, the Litecoin network noted the addition of nearly 300,000 new addresses that hold some amount of LTC. This is a nearly 300% jump from the average weekly rate, as throughout the last month, the network only added a total of 300,000 addresses, bringing the weekly average to 75,000. The total addresses holding a balance now stand at 7.56 million, and the possibility of the same rising further is high. This is because the “silver to Bitcoin’s gold” is set to go through its third halving event, wherein the reward for validating a block will be slashed by 50% from 12.5 LTC to 6.25 LTC. These events have been synonymous with price rises, as observed in the past in August 2015 and August 2019. Thus by the looks of it, crypto investors are preparing to bank on this potential and make profits by joining the network. This could prove to be bullish for the price action as well, as investors could likely accumulate further, given Litecoin price is low right now. As it is, the Relative Strength Index (RSI) is nearing the oversold zone, below 30.0. A move into the zone followed by an exit would confirm a reversal in trend, triggering a recovery rally. If this situation plays out over the next couple of days, Litecoin price might be in for a rally.
CAPITALCOM:LTCUSDLong
by DaveBrascoFX
6