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Litecoin (Cryptocurrency)

LONG LTCUSDT (4H)The ELLIPSE trading strategy has generated a long signal (4H timeframe) for Litecoin (LTC) at $77.51. The price has recently broken through the monthly pivot (P) level (denoted by the orange line) and has subsequently seen both the price and lagging line on the daily chart break out of the Ichimoku cloud (as evidenced by the green background on the 4-hour chart). The first significant resistance level encountered was the yearly pivot (P) at $88 (indicated by the black line). The price has been hovering around this level for approximately 2 weeks. Today, the price has broken through this level with high volume, indicating that the trend is likely to continue with the next major resistance level being the yearly resistance (R1) at around $135. Keep in mind that there may be additional resistance around monthly R3 ($107), R4 ($118) and R5 ($129). Additionally, the alignment of all 9, 21, 50, 100 and 200 exponential moving averages suggests a bullish trend. Note that the halving of the block reward is scheduled to occur around August this year, which has historically led to a bullish momentum.
Long
by Cryptonerds
1
$LTC/#BTC [#Litecoin]: Resistance_Breakout_Confirmation◳◱ We've detected a Resistance Breakout and Confirmation on the $LTC / $BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.004277 | 0.004539 | 0.004952 and the major support zones are respectively at 0.003864 | 0.003713 | 0.0033. We may consider entering a trade at the current price zone at 0.004046 and targetting higher levels. ◰◲ General info : ▣ Name: Litecoin ▣ Rank: 16 ▣ Category/Sector: Payments - Currencies ◰◲ Technical Metrics : ▣ Mrkt Price: 0.004046 ₿ ▣ 24HVol: 170.475 ₿ ▣ 24H Chng: 1.556% ▣ 7-Days Chng: -3.77% ▣ 1-Month Chng: 5.49% ▣ 3-Months Chng: 26.90% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.004277 | 0.004539 | 0.004952 ◢ Support: 0.003864 | 0.003713 | 0.0033 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◰◲ Sharpe Ratios : ▣ Last 30D: 0.77 ▣ Last 90D: 1.56 ▣ Last 1-Y: 0.28 ▣ Last 3-Y: 0.60 ◰◲ Volatility : ▣ Last 30D: 0.64 ▣ Last 90D: 0.57 ▣ Last 1-Y: 0.84 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.70 - Bullish ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.77 - Very Bullish ▣ In-depth LTCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Support of buyersAfter the support of Litecoin buyers completely broke the resistance of the $85-$91.5 range and turned this level into support, the correction and pullback to this support brought positive reactions. The buying pressure continued up to the resistance range of $150.60 to $108.4, and by closely touching this range, we saw a negative reaction and profit savings by short-term buyers. The continuation of the LTC trend can be considered between the specified levels. The range that has been formed is expected to continue until the market is in favorable conditions again. In general, until the current support is not broken, the price trend will not be downward in the short term and in the 4-hour timeframe. But if the 4-hour time trend is down, the price reduction can continue up to the support range of $69.90 to $73.30.
by MonoCoinSignal
2
Will Litecoin find support at current levels?Litecoin - 24h expiry - We look to Buy at 90.01 (stop at 87.81) Daily signals are bullish. The sequence for trading is higher highs and lows. The previous swing low is located at 87.98. Preferred trade is to buy on dips. 50 1day EMA is at 90.08. Bespoke support is located at 90. Our profit targets will be 95.51 and 96.51 Resistance: 95.00 / 97.50 / 100.00 Support: 93.50 / 92.00 / 90.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDLong
by VantageMarkets
2
ArmanShabanTrading |🟢 BTC/USD : New Update : Bull or Bear ?As you can see, Bitcoin is still in the range of 24K and the next Institutional Support (IS) is in the range of $21440 to $23030! The previous analysis targets are still valid if this support range is maintained! ($25,930, $27,000 and $28,800) ! THE MAIN TA : Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.23.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDLong
by ArmanShabanTrading
8
LITECOIN: Possible New UPSIDE for this cryptocurrency.Have you ever considered investing in Litecoin, the "silver" to Bitcoin's "digital gold"? While its price has dropped significantly from its peak of over $400 per token to around $95, there are indications that now may be the perfect time to buy. Litecoin has been making waves in the cryptocurrency world, particularly since its 37% price increase in November 2022. It has remained relatively stable since the start of the year, but there are several factors that suggest it could experience significant growth in 2023. One of these factors is the upcoming halving event in August 2023, which will reduce the creation of new LTC tokens by 50%. This will make Litecoin even scarcer and decrease its future inflation. Typically, halving events raise the value of coins, so many crypto traders are anticipating a Litecoin rally around this time. In addition, Litecoin's recent partnership with Mastercard has caused quite a stir. Mastercard plans to offer Litecoin-based cards to customers in the UK and EU, following a successful test program in the US market. This could make LTC a more commonly used payment method and bridge the gap between cryptocurrencies and fiat, potentially increasing its long-term value. While Bitcoin is focused on preserving value in the long term, Litecoin has been adjusted to be more useful as an everyday payment platform. It offers lower transaction costs and faster payment settlement, which makes it an appealing option for some investors. According to Coinbase, Litecoin saw a 38% yearly gain after its last halving in 2019. While it's difficult to predict the future of any investment, most forecasters believe that Litecoin will rise above $100 per token by the end of 2023. Overall, Litecoin has significant potential for growth in 2023. The halving event and the Mastercard partnership are two key factors to watch out for. Expanding use in the real world is essential for the growth of any cryptocurrency's value, and the Mastercard agreement is a significant step in this direction. If you're looking for a potential investment opportunity, Litecoin may be worth considering.
COINBASE:LTCUSDLong
by FOREXN1
4
Do you trust Fibonacci - 259days for sureLiterally i don't use Fibonacci and this levels - this metrics are common i n Stocks but crypto have more power and dynamik - so i did not use it often. Bitcoin is value. Litecoin is also value + transfer medium - so, when we realising how investors look on litecoin - it's one of best opp. to push more investment on it. My fibo levels are marked. time to load right now - this weeks should be a breakout upsides like 70-120% gains! Not an FCA - just personal opinion ;)
by hypercraft