Groovey Ltc Fib ChartThought it would be cool to overlay the regular fib retracement over the fib circles.
This is just for a fresh look at something.
Happy Holidays to all!
Litecoin (Cryptocurrency)
LTC - Approaching A Strong Rejection! 🛑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on Litecoin to feel the overall crypto market.
LTC has been trading inside the blue flat rising broadening wedge pattern, and we are lately bullish medium-term trading inside the rising red channel.
However, LTC is approaching a strong weekly resistance 95.0-100.0
Moreover, the upper red and blue trendlines act as non-horizontal resistance zones.
So the highlighted green circle is a strong area for a possible bearish reversal as it is the intersection of the weekly resistance zone and upper red/blue trendlines.
As per my trading style:
As LTC approaches the green circle zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...)
For the bears to take over, to start a bearish correction, we need a break below the last major low on Daily/H4. Meanwhile of course we are bullish we can dive inside the weekly resistance.
For the bulls to take over long-term, we need a weekly break above 100.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Litecoin: Rising WedgeThere is a rising wedge arising. A rising wedge typically results in prices are likely to keep falling downward when price breaks out. LTC/USD to move back to 87 and below as LTC/USD challenges 87.4 hurdle.
Litecoin very determined to touch 100 figureLitecoin started to rise long before Bitcoin and other coins and it was my favorite in the past 3 months.
Since mid-December's low at the 60 figure, Litecoin has traded very constructively and the coin looks very determined to test the 100 figure.
The recent correction from 91 seems to be over and LtcUsd ready for a new leg up.
As long as Litecoin stays above its recent low it remains very bullish
LTC/USDT :: enters the range of $100 .LTC/USDT :::
The price is in the downward channel and touched its bottom some time ago, but the support line has played its role well and has led the price upwards.
Maybe it will return to the support line {blue line}, but the main target is the $100 range.
Litecoin - Extremely Overbought RSI - SELLOFF IMMINENTBulls don't seem to realize there's more than 22,000 different alt coins & growing. LIMITLESS SUPPLY with zero use cases. A speculative gamblers dream.... or NIGHTMARE. The RSI on daily reached overbought and is crashing below 70 now. ADX indicator it near 40 and expect it to continue to rise as SELLING IS THE TREND. Crypto gamblers are in for a world of hurt. The recent rally looks to be a bull trap. I presume someone is trying really hard not to be force liquidated. EXCHANGES ARE COLLAPSING left and right & new ones just pop up in their place. The crypto frauds make the MADOFF PONZI look like a cake walk. The losses in simpcoins will dwarf any other Ponzi in history. Good riddance.
LTC: Overbought at ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 25% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 resistance and reached our target of $85 resistance area. That’s where it got rejected a couple of times in Nov/Dec as traders took profits. It’s overbought (RSI > 70). Now we wait for price to pull back near $75 support for another swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, which it broke, then $100.
LTCUSD ❕ broke down the uptrend lineRight now the price is working out a bearish divergence on the 4H Timeframe.
Price is testing 200EMA as resistance (30m TF)
I expect a correction after a fix below the support.
LTCUSDTThe price is in a short-term ascending channel that has reached the channel ceiling and static level
MACD has a negative divergence and the price acceleration has decreased compared to the previous trend
LTC IS READY FOR 10% PUMP !!! HOURLY TF Based on hourly time frame, LTC formed a bullish flag pattern
1.Entry at FIbonacci 0.5 Zone / 0.618 Zone WIth TP 1 at $ 91.62 and TP 2 at $ 96.7
2.DYOR, This is just my opinion , If the price break down the flag trade will invalid
3.Bullish Divergence on TF 1h Stochastic price goes up while the candle goes down
Thanks for reading my post, you can help me with the rocket bottom below, Be a smart traders and have a good day everyone !!
#Litecoin surges 114% in 6 Months, LTC Could Retest $100Past Performance of Litecoin
Litecoin is at multi-month highs, trading above May 2022 highs and Q2 2022 territory. At this pace, LTC bulls are squarely in control with signals that there could be more upsides. Still, the rejection of higher prices over the weekend may indicate weakness. Bulls have a chance as long as LTC is steady above $80.
#Litecoin Technical Analysis
Litecoin is within a bullish breakout formation following gains in the first week of January. With buyers resilient and inching higher, the breakout is valid as long as LTC is above $80. Note that the upside momentum is also strong, with bars binding along the upper BB at the back of expanding volumes. Despite the upside slowing down, buyers are in control and can load the dip targeting $100. This preview will be null if LTC sinks below $80 and December 2022 highs.
What to Expect from #LTC?
Litecoin is up 114% from June 2022 lows, outperforming the USDT and leading the crypto surge. Buyers may lead the way going forward ahead of the expected LTC halving. Accordingly, optimistic traders can double down on dips above $80, expecting the coin to chart above $100.
Resistance level to watch out for: $100
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTC 50% for short position.In the LTC chart, we have a support line and after breaking it down, 50% is expected.
There is a possibility of continuing the upward movement As long as the bottom of this uptrend channel is not broken, there is a possibility of continuing the upward movement and breaking the resistance of $91.26.
💲 Litecoin Correction Before $130 💲💲 Litecoin Correction Before $130
💲 Nearest strong support zone: around 80.5 fibo level 0.236 of the entire upward wave.
💲 Nearest strong resistance zone: around 0.236 of the downward wave.
💲 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Litecoin as I have written many times before has shown a show of strength in recent weeks, it started to break out as the first one of the major cryptocurrencies which I perfectly predicted by publishing many posts on it. After such a rally, I expect a cooling off of the increases and the execution of a downward correction to the vicinity of recent resistances in order to gain strength for the continuation of growth, even in the vicinity of $130.
💲 The scenario I'm playing out is to execute a correction then continue the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
simple predict LTCUSDDISCLAIMER DYOR data pelemahan usd membuat btc menguat dari awal tahun AKANKAH SEJARAH BERULANG
Bitcoin in times of high interest ratesHey there!
I was looking at the ugly charts of cryptocurrencies when I wanted to update my previous ideas.
As I mentioned before, the buying area is around this level (green box). My main target is still between 12-14k.
But in view of the fact and compared to the "corona crash" (to give it a name) at this time it will be different IMO.
-very high interest rates
-times of stagflation (there are many reasons for this - war in Ukraine is just a part of it)
-conflicts getting louder between China and USA
-etc
The fuel of crypto are negative interest rates (I call it gambling money).
As long as we won't see negative interest rates, I stay away from investing in crypto (holding coins).
Of course, I will try spot buys but when I do, then with USDT.
To bring the analysis to an end: We could see 4 digit price for Bitcoin.
Stay safe!
$LTC #LTC | LTF LONGGreen box and EQ might be worked as a support level .
The bottom of the green box, liquidity zone and around 88.97 will be the points I will observe as resistance.
With the loss of 77.95 (1H) , the first bounce of the price will be around 75.88 .
I wish everyone a good week.
RLinda ! LTCUSD-> Bulls before the holidays show strength!)LTCUSD in contrast to bitcoin lately shows its confidence. Recently, the price was able to form a bullish momentum of 80% from the low of 47.50
It is worth paying attention to the descending wedge and the breakdown of resistance. A strong bearish trend has been going on since May 2021, the price has stopped at $52. Price is moving into a narrow consolidation phase and breaking through channel resistance. Could this mean a bottom formed in the $50-52 area? It's hard to say.
But, now the price forms a local uptrend and if the coin continues to dictate its game, then, presumably, in the first quarter of 2023 we could see the growth of the price to 107. The medium term outlook is up to 150.7. The long term outlook if the market recovers is 181 or even 302 (Too positive statement, but why not?).
Merry Christmas!
Sincerely R. Linda!
LTC Livermore coneThis is a bullish view of LTC. LTC has consolidated at around $50 for 6 months after dropping 85%. Now price has broken over the range and seems to find support from the bottom of the range.
Furthermore, it appears that price action is printing a livermore cone that can breakout. Breakout of the cone will push the price in the upper ranges between 235 and 310.
I don't encourage trading LTC. LTC was the first coin in crypto history to be rugged by its founder.
🚀Litecoin: the third wave of the ending diagonal.●● Preferred count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.1
The long-term waves counting has not undergone any changes. It is assumed that the cycle wave V unfolds the ending diagonal , subdividing into sub-waves ①-②-③-④-⑤ . At the moment, the market is at an early stage of development of sub-wave ③ . Wave ③ should exceed the length of wave ② , taking the form of a zigzag.
_________________
● Litecoin / TetherUS (BINANCE), 🕐TF: 6h
Fig.2
For the last six months, the waves have been unfolding according to our expectations on the six-hour timeframe as well. The completion of waves ② and 2 , as well as the beginning of the development of wave 3 , were predicted.
At the moment the market is ready for acceleration in the wave (iii) of ((iii)) of 3 . As a local alternative, it is allowed to complicate the structure of wave 2 to a combination .
_________________
_________________
●● Alternative count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.3
As you know, correctional structures are more variable, in contrast to impulse waves. The downward zigzag A-B-C can be identified as a sub-wave (W) within the unfolding double zigzag (W)-(X)-(Y) of ② .
Get ready for the second wave of the diagonal to transform into a multiple zigzag .
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
LTCUSD ❕ tests the uptrend lineLitecoin continues to move above liquidity.
I expect the asset to unload into liquidity area or sideways movement to the nearest support level before further growth.
ETHUSD and LTCUSD Technical Analysis – 12th JAN, 2023ETHUSD: Bullish Harami Pattern Above $1237
Ethereum was unable to sustain its bearish momentum and after touching a low of 1237 on 06th Jan, the price started to correct upwards against the US dollar crossing the $1400 handle today in the European trading session.
The prices are ranging near a new record high of 1 month.
We have seen a bullish opening in the markets this week.
We can clearly see a bullish harami pattern above the $1237 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets.
ETH is now trading just above its pivot level of 1398 and moving in a strongly bullish channel. The price of ETHUSD is now testing its classic resistance level of 1401 and Fibonacci resistance level of 1403 after which the path towards 1500 will get cleared.
We have also seen the formation of an upside gap in the 15-minute time frame indicating the bullish nature of the markets.
The relative strength index is at 70.66 indicating a strong demand for Ether and the continuation of the buying pressure in the markets.
The Williams percent range is indicating an overbought market, which means that the price is expected to decline in the short-term range.
Most of the technical indicators are giving a STRONG BUY market signal.
Most of the moving averages are giving a STRONG BUY signal at the current market levels of $1399.
ETH is now trading Above both the 100 hourly simple and 200 hourly exponential moving averages.
Ether: bullish reversal seen above the $1237 mark
The short-term range appears to be strongly bullish
ETH continues to remain above the $1350 level
The average true range is indicating HIGH market volatility
Ether: Bullish Reversal Seen Above $1237
ETHUSD continues to trade higher against the US dollar and bitcoin. The price of Ethereum remains supported above the $1300 level and now we are testing the break of the $1500 handle.
The momentum Indicator is back over zero in the weekly time frame.
We can see the formation of a bullish price crossover pattern with moving average MA20 in the weekly time frame.
The resistance of the channel is broken in the daily time frame indicating bullish trends.
ETHUSD touched an intraday low of 1341 in the Asian trading session and an intraday high of 1417 in the European trading session today.
The daily RSI is printing at 75.77 indicating a STRONG demand for Ether in the long-term range.
The key support levels to watch are $1275 at which the price crosses 9-day moving average and at $1313 which is a 38.2% retracement from a 4-week high.
ETH has increased by 4.62% with a price change of 61.65$ in the past 24hrs and has a trading volume of 9.607 billion USD.
We can see an increase of 74.76% in the total trading volume in the last 24 hrs which is due to the heavy buying pressure seen in the global markets.
The Week Ahead
ETH has already made a successful attempt at crossing the $1400 level and the next targets are located at $1500 and $1600 levels in the medium-term.
We can see the formation of an ascending channel from $1237 towards $1421.
The immediate short-term outlook for Ether has turned strongly bullish, the medium-term outlook has turned bullish, and the long-term outlook for Ether is neutral under present market conditions.
The resistance zone is located at $1413 which is a 1-month high, and at $1442 which is a 38.2% retracement from a 13-week high.
The weekly outlook is projected at $1550 with a consolidation zone of $1500.
Technical Indicators:
The STOCH (9,6): is at 57.42 indicating a BUY
The MACD (12,26): is at 16.00 indicating a BUY
The ultimate oscillator: is at 51.75 indicating a BUY
The rate of price change: is at 4.24 indicating a BUY
LTCUSD: Bullish Engulfing Pattern Above $72.59
Litecoin was unable to sustain its bearish momentum last week and after touching a low of $72.59 on 06th Jan, the price started to move upwards against the US dollar crossing the $85 handle today in the European trading session.
We have seen a bullish opening of the markets this week.
We can clearly see a bullish engulfing pattern above the $72.59 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets.
Litecoin is now trading above its 100 hourly simple moving average and below its 200 hourly simple moving averages. The price of LTCUSD is just below its pivot level of 83.97.
The relative strength index is at 60.79 indicating a STRONG demand for Litecoin and the continuation of the buying pressure in the markets.
The price of Litecoin continues to remain above most of the moving averages, which are now giving a BUY signal at the current market level of 83.81.
The price of Litecoin is nearing a NEW record high of 1-months.
The MACD indicator is back over zero in the weekly time frame.
The RSI indicator is back over 50 in the 30-minute time frame indicating a bullish trend.
The short-term outlook for Litecoin has turned strongly bullish.
Most of the technical indicators are giving a buy signal
Litecoin: bullish reversal seen above the $72.59 level
STOCH is giving a NEUTRAL signal
The average true range is indicating LESS market volatility
Litecoin: Bullish Reversal Seen Above $72.59
The price of Litecoin continues to move in a strongly bullish momentum against the US dollar having already crossed the $80 and $85 levels. We are now looking to breach the $90 level.
The super trend indicator is giving a bullish reversal signal in the weekly time frame.
We can see the formation of the moving average bullish crossover pattern with the adaptive moving averages AMA20 and AMA50 in the daily time frame.
The price of LTCUSD is now facing its classic resistance level of 84.62 and Fibonacci resistance level of 85.49 after which the path towards $90 will get cleared.
Litecoin touched an intraday low of $82.19 in the Asian trading session and an intraday high of $86.43 in the European trading session today.
Litecoin is now facing its resistance zone at $83.68 which is a 38.2% retracement from a 52 week low and at $85.37 which is a 3-10 -day MACD oscillator stalls.
LTCUSD has increased by 2.11% with a price change of 1.73$ in the past 24hrs and has a trading volume of 0.717 billion USD.
Litecoin’s trading volume has increased by 17.85% compared to yesterday which appears to be normal.
The Week Ahead
The price of Litecoin has been successful in clearing the $85 resistance and now the next potential upsides are located at $90.
Some of the technical indicators are also giving a neutral stance.
The price of Litecoin needs to remain above the important support levels of $76.83 which is a 38.2% retracement from a 4-week high and at $77.56 at which the price crosses 9-day moving average.
The short-term outlook for Litecoin has turned strongly bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions.
The weekly outlook is projected at $90 with a consolidation zone of $85.
Technical Indicators:
The relative strength index (14): is at 60.79 indicating a BUY
The average directional index (14): It is at 30.14 indicating a BUY
The rate of price change: is at 0.603 indicating a BUY
Bull/bear power (13): is at 3.27 indicating a BUY
Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
🔴 BITCOIN - Potential Reversal Zone ? Last Update of this TA : As you can see, the second target of Bitcoin was hit ✅ and the price reached $18,400 ! The efficiency of this analysis was more than 10%! To determine the future scenarios, we have to wait for a breakout or a strong rejection!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.12.2022
⚠️(DYOR)
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