Litecoin Hidden Bullish DivergenceHidden Bullish Divergence in Litecoin as RSI will now traverse through oversold zone
Litecoin (Cryptocurrency)
Litecoin 5+ Years RSI DivergenceLitecoin is showing some phenomenal, multi-year RSI divergence. Such simple TA doesn't need much writing.
This is NOT financial advice.
Litecoins Golden Ratio to the Golden GatesMulti Year Range.
Halvings.
0.618's being respected everywhere.
With the turmoil in TradFi right now, we're either getting great entries in this sweet spot, or everything is going to capitulate.
Only the Truly Decentralized and Trustless Chains Will SurviveCrypto is in a situation right now where it's purging all of the toxic assets in the sector and when looking at the domiance and total charts it all points towards many of the alt coins eventually going to 0 and giving up all of their dominance to a handfull of truly Decentralized and Trustless Chains. Assets like XMR, LTC, and BTC feel like safe picks but Centralized Chains with constant scams such as Ethereum and BSC will all likely soon collapse.
What we can see on the charts is that LTC Dominance Remains at the PCZ of a Bullish Deep Gartley and is Targeting atleast 4% Market Dominance and BTC is at the PCZ of a Bullish Shark and may also be Double Bottoming which could take it towards 70% or even over 90% Dominance.
Meanwhile Ethereum is in a Pattern where it will likely lose more than 70% of it's Marketcap Dominance upon Breaking Down and this would likely take most of the quote-unquote so-called DeFi projects down with it.
LTC: Oversold at SupportLitecoin (LTC) technical analysis:
Trade setup : Following a Bearish breakout from Channel Up pattern, price broke below $80 and $70 support, and below 200-day MA, reversing trends. It is very oversold now (RSI ~ 20) and could bounce up near-term.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $70, which it broke, then $60. The nearest Resistance Zone is $80 (previous support), then $90.
LTC IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The Macro Defying Litecoin Bullish Crab ContinuationLTC after reaching the Bullish Butterfly profit taking target, has pulled back and developed another Bullish 1.618 Harmonic in the form of a Bullish Crab at the 200 Day SMA and Support Zone. If things go like last time we will see LTC trade at these levels for a few days before going for another Higher High eventually.
down for upltc is now on a parallel channel with decreasing gains for daytrader....that's one of the reason for going below 90$ - time to buy for next leg to 150-165$ right now!
LTC - Approaching A Support 🔑 Analysis #6/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LTC rejected the 100.0 weekly resistance and traded lower. Now it is approaching the lower red trendline.
Moreover, the zone 60.0 a strong weekly structure.
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support zone and lower red trendline. (acting as a non-horizontal support)
As per my trading style:
As LTC approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Did Biden call the top of the market?Hello there!
My trading positions on my previous posts are still active.
Actually, I did not take this ETH short, but it was also a very good opportunity.
So I expect a big drop.
Stay safe!
Best regards
#Litecoin Drops 40% As LTC Sellers Aim For $60Past Performance of Litecoin
Litecoin is down roughly 40% from February highs, looking at the arrangement in the daily chart. The trend is established, and the path of least resistance is southwards. Bears have been resilient, following losses below $90 in early March, aggressively dumping on every pullback.
#Litecoin Technical Analysis
The immediate trend is bearish, and sellers are pressing on the liquidation pedal at the driving seat. At this pace, not only can LTC bears reverse gains of the better part of Q1 2023, but if the momentum is strong, the coin might drop to retest December lows at around $60. As it is, the March 8 bear bar is wide-ranging, with rising volumes, meaning the momentum is high. Traders can liquidate on every attempt higher below $90 setting sights on $60 in the near term.
What to Expect from #LTC?
Unless otherwise there is a counter bar with equally rising volumes rewinding yesterday's losses, the downtrend remains. Therefore, sellers may search for entries to liquidate with targets at crucial support lines in the short term.
Resistance level to watch out for: $90
Support level to watch out for: $60
Disclaimer: Opinions expressed are not investment advice. Do your research.
🚀 LTC IS CRAZY!Locally, the coin is under a downtrend (red descending line). In case of breakdown of this line, we will see a hike to the level of $88.
$88-93 are key resistances. Pay attention to what volumes are concentrated at these levels.
I highlighted the supports with orange lines. We will observe the reaction at these levels. I will go long from these levels with a small volume (I will reduce the risk, since in general we have a lot of limits set now).
Usually, Litecoin skillfully works out breakdowns of dynamic lines. Let's see what happens this time.
Elliott Wave Sequence in Litecoin (LTCUSD) Calling More DownsideCycle from Feb 16, 20223 high in Litecoin is in progress as a zigzag Elliott Wave structure. Down from Feb 16, wave ((a)) ended at 90.05 and rally in wave ((b)) ended at 98.33. Internal subdivision of wave ((b)) unfolded as a zigzag in lesser degree. Up from wave ((a)), wave (a) ended at 96.02 and pullback in wave (b) ended at 92.75. Third leg wave (c) ended at 98.33 which completed wave ((b)) in higher degree. The crypto-currency has resumed lower in wave ((c)) with subdivision as a 5 waves diagonal.
Down from wave ((b)), wave i ended at 96.4 and rally in wave ii ended at 98.20. The crypto-currency extends lower in wave iii towards 93.91 and wave iv ended at 95.46. Final leg wave v ended at 85.85 which completed wave (i). Rally in wave (ii) ended at 91.71 with internal subdivision as a zigzag. Up from wave (i), wave a ended at 90.73 and dips in wave b ended at 87.50. Wave c higher ended at 91.71 which completed wave (ii) in higher degree. The crypto-currency extends lower in wave (iii) towards 84.01 with internal subdivision as a 5 waves. As far as pivot at 98.33 stays intact, expect rally in wave (iv) to fail in 3, 7, or 11 swing for further downside.
LTCUSD ❕ broke down the channelThe RSI chart is moving in the bearish zone (4H, 1H and 30m TFs)
The trend continues to maintain a downward structure.
The asset will continue to decline after a resistance retest.
ALT SZN prediction possible play Others.Dominance or Alt.Dom have historically proven to follow the pattern which with time has formed a clear "rising wedge".
Some things we can identify from this analysis
-We have defined a clear top and bottom by confirming 2 points up and down.
-As of now, we have broken the support of the trend but keep in mind Others.D is just basically an index of how altcoins are growing and how much money is being poured into altcoins so it is only bound to go up as it is not a stock or commodity that should be volatile.
- Corona and the crash from 2017 were proved to be the worst events happened in crypto as shown in the chart.
My prediction: We are bound to go to a 38-53% Alt dominance market in the near future 2024 looks likely or by 2025 with AI impulse narrative. This will trigger a major bull market in the near future. This is one of the most important indicators to follow up and stay updated.
Whether or not the price defense will be successful is the keyHello?
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The key is whether the price can sustain the price by rising above the HA-High indicator on the 1W chart.
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(LTCUSDT 1D chart)
You need to make sure you are supported and able to ascend near 85.91, the lower point of the ascent channel.
If not, you should check for support around 74.32-81.33.
As long as it does not fall below the long-term downtrend line (1), we expect it to continue its uptrend.
In order to continue the full-fledged upward trend, it is expected that it will start when it rises above 89.95-100.50.
Looking at the 'Vol & Trend' indicator, it shows that the selling force is increasing while the trading volume is showing sideways.
Therefore, I think it is important to have support around 85.91.
If the selling force continues to rise, there is a possibility that it will fall out of support around 85.91, but for now, we can see that the price is well defended.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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LITECOIN Will Fall! Sell!
Hello,Traders!
LITECOIN broke the rising
Support line and is now
Retesting the broken level
So I am locally bearish
And I think that the price
Will go down
Sell!
Like, comment and subscribe to boost your trading!
See other ideas below too!
LTCUSD - looking for trend continationI am looking for a signal to go long if price gets to the s/r zone.
This is also bullish on the daily t/f.
Will switch to H1 time frame to find a reason to go long.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
Don't Forget About Litecoin! - October 2020 ForecastAs bitcoin transaction fees are on the rise again, Litecoin begins to look more attractive from a fundamental perspective. The price action looks good too - rounding out a bottom on this weekly chart with upside targets at $80 and $150.
#LTCUSD - A 30% Drop Before Rising Up?Coming off a fresh rejection off the descending resistive trend line we've received a Sell signal from CTv2, there's around 30% drop until price would meet support at an intersection of ascending trend lines and a historic SR level. This is our target!
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theCrypster
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Ltc Getting Ready For Massive Breakout Seems Like Ltc Has Bottomed Out In higher timeframes
Forming Descending Channel In # Days Timeframe
Incase Of breakout expecting #20 To 340 % Bullish Move
Always Wait For confirmed Breakout Without Breakout Ltc Will Remain Bearish
Litecoin to extend losses?Litecoin - 24h expiry - We look to Sell a break of 85.77 (stop at 88.27)
Short term momentum is bearish.
There is no indication that the selloff is coming to an end.
A break of the recent low at 85.93 should result in a further move lower.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Our profit targets will be 79.77 and 78.77
Resistance: 89.11 / 90.00 / 91.50
Support: 87.50 / 85.93 / 83.50
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Financial Wave. LitecoinOur priority scenario in Litecoin has changed after yesterday's drop below $90. We still believe that LTC will continue to rise in wave 3 above $105.57, shorter term targets we will be able to determine after the correction is over. A drop in price below $81.76 cancels this scenario.
