LTCUSD Will Go Lower! Sell!
Here is our detailed technical review for LTCUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 58.45.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 54.04 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Litecoin (Cryptocurrency)
Bitcoin Weekly Analysis: Key Support and Next Targets of $BTC ! Analyzing the #Bitcoin chart on the weekly timeframe, we observe that after entering our targeted supply zone, the price experienced an initial correction and dropped to $63,500. Subsequently, it encountered increased demand and was able to rise to $70,000 yesterday. As we know, $70K is a significant psychological resistance level, so the price reacted to it and is currently trading around $66,600. We need to see if the price can stabilize above the support range of $62,700 to $63,500. If it holds above this support level, we can anticipate further growth in Bitcoin, with the next targets being $72,000, $73,777, and $77,000.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GTAI/USDT : Bull or Bear ? (READ THE CAPTION)Analyzing the #GT_Protocol chart on the 4-hour timeframe, we can see that, as expected, this cryptocurrency has moved upward twice since our analysis. The first move recorded a return of 16%, and the second move, after entering the demand zone at $0.64, resulted in another 11% return. In total, the return on this analysis from last week to today has exceeded 27%! This analysis remains valid. (This Analysis Will be Updated)
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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LITECOIN about to break-out to its parabolic rally.Litecoin (LTCUSD) is on its 3rd historic Cycle and just recovered its 1W MA50 (blue trend-line). All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies.
It appears that we are currently about to complete the pre-rally Lower Highs accumulation phase, which will be confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line.
Technically it can go as high as the 1.1 Fibonacci extension ($500.00) but we will settle for the time being for an ATH test at $400.00 if this is where we will be by the time the price starts approaching the top of the Sine Wave.
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BTC/4 Model for LTC/USDLTC is BTC with 4x the supply, it was released 3 years 9 months after BTC. To make BTC/USD relative to LTC, BTC/USD must be divided by 4. Why? B/c if BTC had 4x the supply the price would be 1/4th. Now that price have been made relative; time has to be made relative, by drawing a simple trend line on BTC/4, the point at which LTC/USD breaks out can be determined. The best fit resistance line makes time relative to the price.
If you want to determine the price of LTC ~4 years into the future divide the current BTC price by 4.
And if you want to determine the price of LTC currently go back 3 years 9 months on the BTC/4 to find out.
As you can see the 2017 top happened to be the BTC/4 top in 2013.
And currently LTC/USD is exactly where it needs to be.
5K is commeth, afterwards, it may just surprise everyone.
Litecoin Long term Trendlines. 2022 EditionBeen like forever. BBs on the 2W chart looks very similar to 2017, maybe this time price can finally get back to the top of the channel. Lot's happening with Litecoin this year, perhaps enough catalyst. Ratio is also sort of set up, nearly 4-5 years of accumulation, breakout won't be tiny.
LTC (Litecoin): Approaching ResistanceTrade setup : Price is in a downtrend, however, it's broken back above $70 resistance, which could be a sign of trend reversal. We wait for price to break above stiff resistance at 200-day moving average of $79 to confirm resumption of uptrend.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $65.00, then $55.00. Nearest Resistance Zone is $80.00.
Litecoin May Revisit ATHs for 500%Litecoin continues to hold this long-term diagonal support, having only once wicked below it during the March 2020 black swan.
During the last two months of June and into July, it re-tested that diagonal and got quickly bought up.
Chances look good that it goes for another test of the horizontal resistance around 408 dollars, or at least most of the way there, which would be about 500% from our low over the last two weeks.
Lose the diagonal support and this trade is invalidated. Hold above it and I'll keep it active.
LTCUSDT A Potential Breakout or a Reversal in Sight?Yello, Paradisers! Could this be the perfect moment for #LTCUSDT to shine? Let's dive into the analysis.
💎#LTC has experienced a successful breakout but faced rejection at the resistance zone. Currently, the price is testing the trendline, with a high probability of continuing upward to challenge the resistance at $75 - $77.75. A decisive breakout above this resistance could signal a significant upward move, switching the trend back to bullish momentum and potentially reaching our target strong resistance area.
💎However, if LTC fails to break this resistance, we could see a test back to the support line. In a bearish scenario, if Bitcoin retraces to the $63k area, LTC could drop to the demand zone around $64.5.
💎LTC has a strong history at key support levels. In previous instances, whenever the price hit this zone, it rebounded and moved upward. A bounce from the strong demand area would validate bullish momentum. Conversely, failure to hold this level would invalidate the bullish outlook, increasing the probability of a downward dip.
Remember, consistency and patience are the keys to long-term success in the crypto market.
MyCryptoParadise
iFeel the success🌴
#LTCUSDT #2h (OKX Futures) Broadening wedge breakout and retestCRYPTOCAP:LTC regained 50MA support and looks good for bullish continuation from here.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (7.0X)
Amount: 5.0%
Current Price:
73.13
Entry Targets:
1) 72.05
Take-Profit Targets:
1) 76.19
Stop Targets:
1) 69.98
Published By: @Zblaba
CRYPTOCAP:LTC OKX:LTCUSDT.P #2h #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +40.2%
Possible Loss= -20.1%
Estimated Gaintime= 3-4 days
LTC Technical Analysis: Will Litecoin Resistance Zone Give Way tLTC is trading under the resistance zone (Green) at $72.96 - $76.19 and we are expecting a bullish breakout very soon because we are seeing an increase in volume and improving macro market sentiment.
There are 2 scenarios
Bullish Scenario
If the price breaks out from the Green zone with volume we might see the price could reach the next resistance zone (Blue) at $109.69 - $119.41.
Bearish Scenario
If the price is rejected from this Green zone we might see the price test support zone (Yellow) at $56.19 - $60.79. This zone is consistently providing a strong support zone. The price has been bounced back from this zone many times.
LTC on the Edge: Will We See a Bullish Breakout or a Fall?Yello, Paradisers! Could #Litecoin's long-awaited breakout be just around the corner? Let's dive into the recent analysis of the #LTCUSDT and see what's going to happen:
💎Currently, NYSE:LTC is tightly compressed between the trend lines of a falling wedge pattern, and we're anticipating a bullish breakout soon. Why? Because we're seeing increasing volume and improving macro market sentiment—key indicators of a potential upward movement.
💎50EMA is about to cross, a bullish signal that often precedes price increases. The POC of VRVP is also Reinforcing this bullish bias by acting as support within the major support zone.
💎But what if #Litecoin gets rejected at the upper trend line of the falling wedge? In that case, we might see a retest of the bullish order block (OB) at $64.19. This area has consistently provided strong support for BINANCE:LTCUSDT and is packed with liquidity.
💎However, if NYSE:LTC fails to rebound from $64.19, the next critical level to watch is the lower support at $57-$60. The probability of a rebound from this level is significantly higher.
💎Should NYSE:LTC continue to fall, the bears could take control, potentially leading to a bearish continuation.
Stay disciplined, Paradisers, and watch those key levels for profitable trading!
MyCryptoParadise
iFeel the success🌴
BTC Weekly Chart: Targeting $67,600 After Bullish Surge (READ)By examining the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that the price recently surged to $66,000. Currently, BTC is trading around $64,000. I still expect further growth from Bitcoin, with the next target being $67,600. Additionally, we should monitor the price reaction to the $67,600 to $72,000 zone. This analysis will be updated accordingly.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Litecoin Has A Battle Ahead!! Lets Go LTC!There's always a few ways things can play out but I'm thinking something like this.
Bullish move to the upside breaking through the POC. There's a lot of resistance right above around $75. If Flipped we have another Major level, the Monthly and POC at $83 &$84 after that is flipped I would expect $105 to $$115.
Keep in mind we can dump to $62 first to test the untapped weekly.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
GTAI/USDT : More Bullish Move Ahead ? (READ THE CAPTION)By examining the GT Protocol cryptocurrency chart, we see that, as expected, the price maintained the support level in the specified range and achieved over a 40% increase in less than a week, reaching $0.90. Currently, GT is trading around $0.75, and if it holds the support range of $0.71 to $0.75, we can anticipate further growth to higher levels. I hope you made the most of this exciting analysis!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
LTCN (Dip buy?) 18-20$ zonekicking myself i didnt keep one share at 2$
if youre like me and missed that opportunity. this might be your second best.
previous resistance now acting as support. bullish divergence on rsi.
increased volume on break of resistance and now low volume pull back back into that area to see if it is support. and so far so good. stops around 16 - 17.. ish.
depends what your goal is. also a wide zone you could really go to 15. but depends if its a short term trade or longer term hold. longer term. no stops.
Bitcoin's Weekly Chart: FVG Filled, Eyes Set on Further Growth By analyzing the #Bitcoin chart on the weekly timeframe, we observe that after 2 months, this cryptocurrency finally experienced a drop to fill its old FVG. Interestingly, after this FVG was filled, the price managed to rise by 10%, from $53,500 to $58,300! Currently, Bitcoin is trading around $57,200, and if it can hold above the support level of $50,500 to $53,500, we can expect further growth in the price. Other assumptions from the previous analysis remain valid.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
LTCUSD Lite Coin Bullish Side Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist LTCUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Shitcoin Summer is HereIt's hot outside right now. Real hot. Clocks in at 120 where I live. But I'm cool as a cucumber right now because I know my Christmas is gonna be a good one. Why? My shitcoins are about to move. Check out my chart of eight of my favorite $hitcoins - they've all retested bottom and the bottom rejected them all. So - whether you love em or hate 'em, back up we go. That's how it works. Don't fight it, you'll lose. Just buy someone else's bags for cheap now before this rocket blasts off.
GTAI/USDT - Ready for another Rise ? (READ THE CAPTION)By analyzing the GT Protocol chart on the 2-hour timeframe, we observe that the price is currently consolidating around 68 cents. If it manages to maintain support in the range of 59 to 66 cents, we could potentially see further growth in this cryptocurrency! The next probable liquidity pool targets are indicated on the chart.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Litecoin Is approaching The Retrace AreaHey Traders, in today's trading session we are monitoring LTCUSDT for a selling opportunity around 67 zone, Litecoin did broke the 67 support last week and currently seems to be in a correction phase in which it is approaching the retrace area.
Trade safe, Joe.