LTC: Weekly Chart Update.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
LTC is currently retesting the crucial supporting trendline with the current price at $69.64. This supporting trendline has been well-respected since December 2018, and a breakdown below the support will likely be an uncomfortable situation for LTC.
Early this year in February, LTC broke above the important resistance trendline, and technically, at present, it is in a retest phase. The upcoming weekly close will be important for LTC.
Key Observations:
~ Current Support: $69.78 (Must Hold)
~ Lower Support: $47.90
~ A rebound from the current support will possibly build up better chances for a bullish rally in the coming days
DYOR. NFA.
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#LTC
Litecoin (Cryptocurrency)
LTCUSD Is Under The Pressure Of a Bearish BitcoinHey Traders, in today's trading session we are monitoring Litecoin for a selling opportunity around 75 zone, LTCUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 75 support and resistance area.
Trade safe, Joe.
Litecoin LTC price will it surprise and delight or not?#LTCUSDT price is not rising particularly rapidly, but it is not falling either, which is important in the current situation on the crypto market.
Consolidation and position accumulation, at least this assumption can be made.
For #LTC price, the buying zone $65-72 can be noted as balanced in the prism of risk management.
Do you believe that the #Litecoin price will start growing this year?
The price might move downwardThe trend of Litecoin is upward, consistently forming ascending patterns and gradually increasing.
A large ascending channel has been identified, and Litecoin continues its upward movement within this channel.
One key scenario involves the potential breakout of this channel. If Litecoin exits the channel and then pulls back to it, the price might move downward.
SHIBAINU - Starting a new Bullish Move ? (READ THE CAPTION)By examining the #ShibaInu chart on the weekly timeframe (logarithmic), we observe that after an attractive growth, this cryptocurrency has again undergone a correction. We should soon expect the end of this correction and the beginning of the next bullish wave. Keep an eye on these prices: 0.00001542, 0.00001385, and 0.00001248. The new wave will likely start its next move after correcting to 1542. (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 !
Best Regards , Arman Shaban
Cardano Daily TA : Support Levels and Potential Mid-Term TargetsBy examining the #Cardano chart on the daily timeframe, we observe that the price is trading in the 40 cent range. If the price can maintain the support zone of $0.35 to $0.385, we can expect further growth to higher targets for this attractive cryptocurrency. The medium-term targets for Cardano will be $0.42, $0.45, $0.51, and $0.58, respectively. The expected return in the medium term is between 15% to 40%!
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
Bitcoin Weekly TA : Bitcoin Poised for Next Bullish Run (READ)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that, as expected, the price corrected to $58,400 and encountered buying pressure. Currently, Bitcoin is trading around $63,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can expect the start of the next bullish trend. Based on previous analyses, the mid-term targets for Bitcoin are $72,000, $77,000, $85,000, and $100,000.
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
LTCUSDT Elliott wave countLitecoin bullish sequence in 5 waves, wave ((i)) started from 40.29 low to 115.05 high favors more upside.
Wave ((ii)) pullback ended 55.00 low.
Leading diagonal started from 55.00 low to 113.00 high for wave (i) of ((iii)) followed by a pullback started from 113.00 high to 67.28 low, a complex correction for wave (ii).
Above 67.28 we are looking to the upside for wave (iii) of higher degree wave ((iii)).
Clearing 89.67 will add more confidence that wave (iii) is unfolding.
Possible target for wave (iii)) 200 - 215.
Litecoin is approaching a decent resistanceHey Traders, in today's trading session we are monitoring LTCUSDT for a selling opportunity around 73.00 zone, Litecoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 73.00 support and resistance area.
Trade safe, Joe.
Bearish reversal?NZD/USD is rising towards a resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 71.15
Why we like it:
There is a pullback resistance which lines up with the 50% Fibonacci retracement.
Stop loss: 74.46
Why we like it:
There is a pullback resistance level.
Take profit: 67.13
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
LTC travel channelLitecoin (LTC) could potentially drop to $60 or lower, contingent on Bitcoin's price movement. However, this presents a prime opportunity for Dollar-Cost Averaging (DCA). A new all-time high (ATH) for LTC is likely on the horizon. As the second oldest cryptocurrency, Litecoin could experience remarkable growth, making the current price levels seem trivial in hindsight.
Litecoin, alongside Bitcoin Cash (BCH), constitutes one of the largest holdings in Grayscale's crypto portfolio (BTC: $18B, ETH: MUN:10B +, ETC: $200M+, LTC and BCH: around $130M each). This substantial investment suggests that LTC and BCH could be strong candidates for ETF listing. Unlike Solana, with $60M+ holdings and regulatory uncertainties, Litecoin is not classified as a security.
If Litecoin were to be included in an ETF, we could potentially see its price soar to $2,000 or more. Without it ($800-$1600)
SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. 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 !
Best Regards , Arman Shaban
Bitcoin Weekly Analysis: Key Levels and Scenarios (READ CAPTION)By analyzing the Bitcoin chart on the weekly (logarithmic) timeframe, we see that recently Bitcoin corrected to $64,000. After that, BTC experienced renewed demand and is currently trading around $66,000. There are two potential scenarios for Bitcoin in my opinion:
• The price could start rising from this level, with the next targets being $72,000, $77,000, $85,000, and $100,000.
• The price could correct further to the $52,800 to $56,700 range before rallying again to above $70,000.
Which scenario do you think will happen first?
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 Litecoin a Short selling crab market like BItcoinThe cryptocurrency is moving up again, but it will most likely end up in a "crab market."
The term "crab market" is a state where an asset's price moves sideways without significant upward or downward trends.
So do BTC and Litecoin
Bias for both currencies bearish
Rising proces and ralley will be traps: Rising prices with decreasing volumes that will be caused by scalpers, or posers...This short term rallies should be used a higher potentiall of short selling.Falling prices with higher bearish volumes...The bullish moves will be difficult and very slow.
Strategy Short selling
I have marked the stops,and two trading strategy types: Lower Risk and higher Potential but you will need alot of patience to reach your entry.
Type 2 Higher pullback risk, but also higher Profit potential.
Also I have mared the entries, stops and profit targets that could be reached potentially
Could Litecoin rise from here?Price is currently at a support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 70.84
Why we like it:
There is a pullback support level.
Stop loss: 67.28
Why we like it:
There is a pullback support level which lines up with the 161.8% Fibonacci extension.
Take profit: 75.07
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Litecoin - I'm Feelin 22Nothing to do with the Taylor Swift song. Just a good old structure breakdown for Litecoin. Price really must hold here, otherwise a retest of the long term horizontal support near $22 seems likely. Not a long post. Just wanted to provide an update on this chart. This can occur even if Bitcoin merely tests something like $48k.
One reason I still follow LTC is that it's actually more actively used than Bitcoin, to an extent. It's cheaper to send and it's got more functionality, albeit not much brand recognition. The fact that it's performed so terribly is a broader indicator for the massive bearish divergence within the crypto market: value does not follow utility. Bitcoin's actual usage is very much divorced from its current price.
This tells me from a logical standpoint, that Bitcoin price is likely to come way down at some point. But as we know, markets will stay illogical and irrational. Despite there being no fundamental reason for Bitcoin's value, it can simply remain valuable. Let me be clear when I make this statement: If Bitcoin disappeared from the Earth, not much would change at all about society. We'd barely feel it. Once this is no longer the case, I'd admit I'm wrong :)
This is entirely speculative, and meant for entertainment purposes, not financial advice.
-Victor Cobra
LTCUSD Is Very Bearish! Sell!
Here is our detailed technical review for LTCUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 74.80.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 71.48 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Could LTC/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 75.53
Why we like it:
There is a pullback resistance which lines up with the 61.8% Fibonacci retracement.
Stop loss: 79.19
Why we like it:
There is a pullback resistance level.
Take profit: 71.28
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
LITECOIN Will Fall! Sell!
Hello,Traders!
LITECOIN is trading in a
Local downtrend and the
Pair shot up to retest
The horizontal resistance
Level of 76.00$ and from
Where we will be expecting
A local bearish move down
Sell!
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