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Litecoin (Cryptocurrency)

LTC's future road will be smootherA necklace of indicators shows that LTC, the 12th largest cryptocurrency by market valuation, is trading at a discount. Specifically, LTC has a negative fair value market value (MVRV) Z-score as of press time. According to analyst firm Glassnode, a score below zero indicates that the cryptocurrency is undervalued relative to its fair value. Capitalization is calculated by multiplying the total number of tokens in circulation by the prevailing market rate of LTC. Fair value is a change in market value that increases the market value of a coin when it was last moved on the blockchain. This value excludes all tokens lost in circulation (over 15%) and is considered to reflect the net or fair value of the network. The Z-score represents the difference between the market value and the fair value. Historically, a Z-score above 8 indicates overvaluation and bullish tops, while a negative value indicates undervaluation and market bottoms. This is not the first time. In the past, the indicator has repeatedly consolidated below zero, eventually paving the way for a massive rally. If the trend is flat, the path of least resistance seems to be on the higher side. That said, LTC and the cryptocurrency market in general remain vulnerable to adverse macroeconomic developments such as tightening liquidity and the state of the global economy. At press time, LTC was trading at $91.19, up nearly 31% year-over-year. Earlier this week, the price touched a one-month high of $95. LiteCoin is planning a third mining reward halving in early August, after which the per-block reward paid to miners will be reduced by 50 percent from 12.5 coins to 6.25.
COINBASE:LTCUSD
by MMmie
🔥 Litecoin Halving Soon: Pump & Dump?The Litecoin halving is around the corner. In a couple of months we will see the rewards per block halved, substantially decreasing the supply of Litecoin. If you're familiar with BTC halvings, LTC works the same. Historically, LTC has seen an increase in demand to front-run the halving event. The last time this happened, it was a buy the rumor - sell the news event. I'm anticipating the same thing this time as well. My expectation is that LTC will see some kind of pump over the next couple of weeks towards the blue target area. This will most likely also be the 2023 top. Do you think LTC will still pump? Share your thoughts🙏
Long
by FieryTrading
4
Two Possible Scenarios for LTCHi everyone! While the market is not stable and is in uncertainty, it is not advisable to trade. But let's consider one idea for LTC. The asset is moving within a large triangle, the price is responding well to its trend lines, as well as Fibonacci levels. What can we expect? The first option is a breakout of the descending boundary of the triangle and a touch of the Fibonacci level of 0.618. If the sentiment in the market is bullish by this time, we can expect the continuation of growth. The second option is a breakout of the ascending line of the triangle and a drop in price to the nearest strong Fibonacci level of 0.236. This is not a trading recommendation, everything you do, you do at your own risk.
BINANCE:LTCUSD
by neverovv
LTC to $550 and a long shot at $1200 LTC can hit $550 zone in the next bull market cycle and even has a shot at $1200 but this second target is ALOT less likely. (note - as we havent really confirmed a bull market yet this is unlikely to happen during the halving run up) I've analyzed ETHEREUMS breakout to come up with this price action pathway for LTC. This is of course the bulilsh outlook should we indeed confirm we're in a bull market now. If there are some new events that make LTCs fundamentals much stronger like ETHEREUMS than ill definitely consider the $1200 target being plausible. For now, next bull market tartget should reach at least $550 imo
BITSTAMP:LTCUSDLong
by kayb100
Analyzing Litecoin (LTCUSD) Impulsive Surge with Elliott WaveShort term Elliott Wave View in Litecoin (LTCUSD) suggests the rally from 3.11.2023 low takes the form of an impulsive Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 75.37. The crypto-currency has now rallied higher in wave 3. Up from wave 2, wave (i) ended at 82.07 and pullback in wave (ii) ended at 77.17. Internal subdivision of wave (ii) unfolded as a zigzag where wave a ended at 77.33, wave b ended at 81.95, and wave c lower ended at 77.17. This completed wave (ii) in higher degree. Up from there, wave i ended at 81 and pullback in wave ii ended at 79.64. Wave iii higher ended at 93.59 and pullback in wave iv ended at 90.34. Final leg higher wave v ended at 94.98 which completed wave (iii). Expect Litecoin to pullback in wave (iv) before turning higher again in wave (v). This would complete wave ((i)), and the crypto currency should then pullback in wave ((ii)) to correct cycle from 5.8.2023 low before the rally resumes again. Near term, as far as pivot at 75.37 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
BITSTAMP:LTCUSD
by Elliottwave-Forecast
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price bounced off of support trendline (blue line in chart) and 200-day moving average, and broke back above $90 resistance. Momentum turned bullish again (MACD crossover and RSI crossed above 50 centerline), and price could revisit $100-$105 resistance zone where it got rejected 3x. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high. Trend : Uptrend on Short-Term basis, Downtrend on Medium-Term basis and Neutral on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke, then $105.
Long
by altFINS
LTC/USDT Technical Analysis: Halving Analysis Points to Bullish LTC/USDT Technical Analysis: Halving Analysis Points to Bullish Trends In this technical analysis of LTC/USDT, we will delve into the current price movements of Litecoin (LTC) and its potential for short-term and long-term gains. We will also discuss the upcoming halving event and its impact on LTC's price action. Please note that this article is for informational purposes only and should not be considered as financial advice. Conduct thorough research before making any investment decisions. Key Takeaways: LTC has experienced a strong bounce from its support level of $75 and is currently trading at $91, marking a 140% increase from the bottom. The bullish sentiment is reinforced by the anticipation of the upcoming halving event, which may drive LTC towards a $140 target, representing a 70% increase from the support level. LTC is currently facing resistance at the $98 level, but it is expected to break through soon and soar towards the $130-$140 range, which would be an ideal exit point for short-term investors. After reaching the resistance zone, LTC could undergo a significant correction, potentially retesting the $50-$60 range. This dip presents an excellent opportunity for long-term investors aiming for substantial gains. Looking ahead, LTC's long-term targets are projected at $300, $500, and $700, indicating its potential for significant growth during the next bull run. Analysis: LTC's recent performance suggests a bullish trend, supported by its strong rebound from the $75 support level. This positive momentum can be attributed to the forthcoming halving event, which is expected to enhance LTC's value proposition. With the price currently at $91, there is a possibility of a 70% surge towards the $140 target before the halving. Nevertheless, LTC faces a resistance level at $98, but market sentiment suggests a breakthrough is imminent. Once this resistance is surpassed, LTC could embark on a bullish run, with the $130-$140 range serving as an optimal exit point for short-term investors. However, it is important to note that after reaching the resistance zone, LTC may experience a significant downward correction. This anticipated dip could see LTC retesting the $50-$60 range, offering a favorable entry opportunity for long-term investors aiming for substantial gains during the next bull run. Conclusion: Based on technical analysis, LTC currently exhibits bullish tendencies, with the upcoming halving event serving as a catalyst for potential price increases. Short-term investors may consider exiting their positions in the $130-$140 range, while long-term investors can look to accumulate LTC during a potential dip around the $50-$60 range post-halving. With long-term targets projected at $300, $500, and $700, LTC presents an appealing investment opportunity during the anticipated bull run. Disclaimer: This article does not constitute financial advice. Always conduct your own research and consult with a professional advisor before making investment decisions. Follow us for more Quality Charts Analysis. Thank you.
Long
by CryptoPatel
1
LTC is showing growth.Hello everyone! I've noticed that in the past few days, LTC has been showing growth consistently. I will conduct a brief analysis to understand the reasons behind this and what we can expect in the future. I believe most of you are aware that we have a halving event coming up, specifically in 72 days. I have explained what halving means in my previous posts. Additionally, we have a very positive news background. The launch of the LTC-20 network is also imminent, which could further push the price upwards. The coin is also being traded within an ascending channel globally, providing opportunities to buy at the lower boundary for profit-taking at the upper boundary. So, let's keep an eye on LTC.
BINANCE:LTCUSD.PLong
by CHOWTRADE
LTC, TRI-MONTHLY CHART... on target to 200 levels come HALVING.LTC, accumulation and price growth this past few days has notably surpassed its 'bluechip coin' peers. As we speak we are now at 92 level area from the 80.0 a while back -- with the public anticipating higher valuation come halving which will come in 74 days. Expect a series of price ascend from here on -- targeting its previous peak at 200 with a breakout prospect till ATH levels at 480.0. Certainly, holders continue to add on their holdings as volume keeps registering above average levels. TAYOR Safeguard capital always.
Long
by JSAL
Litecoin Pre-Halving Pump TimeLTC has started the week strong, bouncing from the weekly support and pounding through resistance with no issue. I think this is a sign that we are really beginning to see Support pre-halving. If we’re able to flip the daily support around 85 during retracement we should complete a 5th wave up which makes me bullish for Litecoin to head to my upper OB. Targets between 124-130 conservatively. I Will re-analyze as we near. However LTC historically tops out about 46-44 days before the halving so with this in mind the conservative target are most achieveable
KRAKEN:LTCUSDLong
by Theia_
1
LTC/USDT 1DAY UPDATE !!Welcome to this quick LTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%. Following a low of 81.75 on Sunday, LTC/USD raced to an intraday high of 87.54 earlier in the day. This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the 90.00 mark. a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken. price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00. There is a strong possibility that litcoin could move above 90.00 in the coming days. Hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563