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Litecoin (Cryptocurrency)

Federal Reserve Balance Sheet Projected to Exceed $19 TrillionWave structures on these Economic Indexes tend to play out fairly often, such as in the case for Various CPI and Interest Rate Charts which can bee seen in the Related Ideas tab below. With that in mind, I now turn to The Federal Reserve Balance Sheet; and when I look at the Balance Sheet what I see is that since the Inception of this chart, it has traded within an Equidistant Channel that can be easily viewed and plotted in Log scale. When I look deeper into this I can also see that since around the end of the 2008 GFC when mass bailouts occurred, the RSI on the Balance Sheet has typically stayed Elevated and Above the Bullish Control Zone: meaning any time spent below the level of 70 has typically been followed by insane expansionary rallies, thus huge continuations in the rapid increases of the Balance Sheet. Additionally, it can also be seen that as of recent times (notably since the mid 2010s) the MACD has become a great indicator in the form of Hidden Bullish Divergences appearing just before huge continuations to the upside; these mid 2010 events align with the blunder that were the taper tantrums in which the fed ultimately capitulated on their monetary tightening stance and decided to expand the Balance Sheet Exponentially Higher and now looking at the chart we can see yet another Hidden Bullish Divergence forming that will be confirmed at the close of the month after the next trading week signaling that another big wave up is about to begin. Lastly, when zooming all the way out and taking in all the data at once, it can be seen that we are in what looks to be an AB=CD wave structure in which the first expansion was a 400% Expansion and the Current Expansion is on the way to being yet another 400%. We are currently about halfway there and the AB=CD Wave Structure would suggest that the Federal Reserve will more than double it's Balance Sheet by 2026 as the Federal Reserve capitulates yet again in an attempt to save the current fragile economic system.
FRED:WALCLLong
by RizeSenpai
3
LTC: Resistance BreakoutLitecoin (LTC) technical analysis: Trade setup : Price broke back above $90 resistance to resume Uptrend, with upside potential to next resistance zone of $100-105. (set a price alert). Trend : Downtrend on Medium-Term basis and Uptrend on Short- and 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 (previous resistance), then $70. The nearest Resistance Zone is $90, which it broke, then $100.
Long
by altFINS
What led to more than 20% gain in the price of LTC?Rally in the price is mainly due to halving of coin which is likely to happen in August 2023. In the last halving (which happened in August 2019), the price showed the movement of almost 553% from its low of Dec,2018. Currently, the coin is trading at $94.9 with support at $84 and resistance at $103.34. If the daily price candle closes above the resistance, target price will be $147. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
COINBASE:LTCUSDLong
by Prachi3009
LITECOIN is rallying and can reach $250 based on this fractal.Litecoin (LTCUSD) is rebounding on its 3D MA50 (blue trend-line) towards the 3D MA200 (orange trend-line). If it breaks above the Bear Cycle Lower Highs trend-line (dashed line), then it might imitate the October 2020 rally. So far the two sequences are fairly similar, even on MACD terms. A break-out rally similar to Oct 2020 can hit the 0.786 Fibonacci extension and print $250.00 ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSDLong
by TradingShot
6
Litecoin Halving GameplanWhat is your gameplan as the Litecoin halving event draws nearer? Litecoin has performed well this year, but the upcoming halving event hasn't received significant attention yet. Litecoin is one of the oldest and most well-established cryptocurrencies. Like bitcoin, it uses a proof of work consensus system, is decentralized, and did not have an initial coin offering at launch (thus it should not be targeted as a security by the SEC). The Litecoin block rewards for mining are currently 12.5 Litecoin per block. Every 840,000 blocks, the block reward is cut in half. As of this post there are 76,215 blocks until the next halving, estimated to take place August 2, 2023. Similar to bitcoin, the halving event reduces the supply of Litecoin entering the market. This reduction in supply, combined with steady or increasing demand, can cause the price of Litecoin to increase. In the past, we have seen significant price run-ups leading up to the halving event, followed by a reversal within a few weeks of the event. In 2015 the pre-halving trough to peak was in mid-July prior to the August 25, 2015 halving. In 2019 the pre-halving price peaked in mid-June. Interestingly, there were similar but less extreme economic conditions between the current environment and the 2019 halving. The S&P experienced a recent drawdown, fed funds rate had recently peaked, 2 year bond rates had recently rolled over fed funds, and global liquidity was relatively flat. My game plan for this halving event is to: 1) assume that price will not reach a new ATH and will have a lower proportional run-up than prior halvings 2) plan for price to peak by mid-June 3) take profits in three stages TP1 - $130 - the 0.786 of the retrace from the 2019 pre-halving peak to trough TP2 - $170 - the 0.5 of the retrace from the November 2021 high TP3 - use a moving stop to allow any further continuation 4) stop loss for invalidation at the bottom of the rising channel CRYPTOCAP:LTC BINANCE:LTCUSDT
BINANCE:LTCUSDLong
by Ben_1148x2
4
✴️ Litecoin As A Leading Indicator (75% Potential Then More)Litecoin is hitting a new daily high after the correction ended and the chart is now strongly bullish. The volume is great, the MACD is flashing a very strong signal together with the RSI. This is no surprise to you and me but it is good to point it out. You can expect a very similar behaviour for Bitcoin and the rest of the Cryptocurrency market. ✔️ Just higher highs leading to higher lows followed by higher highs. Notice that the correction ended 11-March and this is true for the entire market basically. Most of the Crypto pairs bottomed 9-13 March. Some are a bit behind others more advanced but end result is the same. Corrections and retraces can be used as an opportunity to buy-up, buy-in, rebuy and reload to benefit from the following wave. There is a strong hidden bullish divergence with both the MACD and RSI, which gives further strength to a higher high next. ✔️ When you consider that Litecoin has been growing for more than 9 months, since June 2022, it is hard to understand how some people still think that we are in a bearish trend. A bearish trend means lower highs and lower lows... This is not the case here, prices continue to go up. We are no longer "early" as I continued to repeat just two months ago. We are now half-way through but there is still plenty of opportunities available for those ready to take the jump. This is not financial advice. Namaste.
Long
by MasterAnanda
✳️ Litecoin Higher Low Now, New Bullish Wave, Be Prepared!While some people are still within the doom and gloom mentality, preparing for lower lows forever, new bottoms, market crash, etc. Cryptocurrencies are already moving up. The Altcoins vs Tether pairs are incredibly clear, printing between 300 and 500% in the initial bullish wave and the Altcoins vs Bitcoin pairs preparing for another leg up. ✔️ Bitcoin is also ultra-strong above EMA10 daily, no strong crash after a massive, huge 85%+ phase of growth. Imagine, this only tells us that Bitcoin is stronger than usual, not weaker, do not expect new lows, a new bottom... Instead of $11,000, you should be preparing for $32,000, $35,000, $38,000, $41,000 and beyond. Only late this year we are likely to experience a strong correction that will do nothing but confirm all the bullishness we have been experiencing now month after month. Litecoin vs Bitcoin (LTCBTC) is preparing for its next high. Notice, that while some people think that ALTSBTC pairs drop when Bitcoin grows and phantasize on some strange dynamics, the market simply grows together as whole with some slight delays between set of coins. Here LTCBTC bottomed in June 2022, exactly the same date as most of the market when the capitulation low was confirmed. After this phase we get up, up and more up. Correction and retraces are normal, once a correction ends, we get the next leg up. This is another opportunity, how you approach the market is your sole responsibility. Be wise, be patient, study and know that regardless of what happens, if this opportunity goes away another one will always show up. You are a divine human being. ✔️ We all make mistakes, if you did something wrong now, if you feel burdened by something of your past just let it go. You are special and you deserve the best, now & always... ✔️ Struggles and challenges are the experiences that helps us grow and evolve. Namaste.
Long
by MasterAnanda
7
LTCUSD H4 | Potential bearish reversal?Looking at the H4 chart, the price is approaching our sell entry area at 90.684, which is an overlap resistance and also aligns with the 61.8% Fibonacci retracement. If the price were to reverse, it could drop down to our take profit at 77.355 which is an overlap support. Stop loss is at 98.689 which is an overlap resistance just beyond the 78.6% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BINANCE:LTCUSDShort
by Rockqet
#Litecoin Trends Higher, LTC Resistance at $90Past Performance of Litecoin Litecoin remains firm at spot rates. Even though bulls failed to follow through and push the coin above the current consolidation, the uptrend remains, considering their push yesterday. The immediate resistance remains at $90, marking the top of the current expanding wedge. #Litecoin Technical Analysis Despite recent gains, bulls must edge above $90 for a trend continuation. Should that be the case, buyers will confirm yesterday's gains, setting the pace for another leg up toward $100. This will be a massive development for optimistic buyers who need to shake off bears and steer away from solid support at $75 following losses of early March. In that case, conservative bulls can wait for a clear definition in the immediate term, aware that gains above $90 might see LTC float to $100. Conversely, a sell-off below $75 might force liquidation back to December 2022 lows at around $60. What to Expect From #LTC? The direct correlation between Bitcoin and Litecoin might negatively impact LTC in the short term. This is because BTC is already under pressure and cooling off. Still, how prices react at $90 will shape the immediate to medium-term trajectory of the Bitcoin silver. Resistance level to watch out for: $90 Support level to watch out for: $75 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer