Litecoinforecast
Litecoin could test 260 resistanceAlso Litecoin recovered after the deep selloff in the crypto market and after a low of 120 is trading now at 180.
In my opinion, a new leg up is in cards for this coin and dips towards 150 should be bought.
130 is now support and must remain intact for this scenario to be valid
Don´t tell me I didn´t know. Hello Trenders,
If you here right now scanning between thousands of chart analysis, this one may do it.
Now even my grandmother knows that Litecoin will double its value in USD this year.
What she doesn´t know is... the motherfu.kin Litecoin may skyrocket x10 from this new bottom and pay for my next vacation like it did every cycle.
The double top was broken just enough to be ready for mooning. Volume is speculative like the masters of Litecoin. Trend looking good, time to buy some.
This trade may take 7 months.
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M.M.M (Make Motherf.ckin Money)
Invest your money wisely, do not do it for the game, do it for the money.
Will Litecoin test 247 level before end of the month?If it can hold 146 level strong, possible scenario is, it will close this week above 203 and will test 247 level before end of the month. Close above 301, bulls are back in control. Why 146 should be a strong support? It's the high of June 22nd 2019 and also meets the trend line as drawn. Not a trade recommendation or advice.
LTC, Litecoin - in this case we'll grow👀Price came back to a strong mirror level. The best variant for growth - slowly squeezing near to level and only after that - breakout. As always, buying after retesting with SL lower than level. Don't forget, it's only a possible option to open a position. Let's see
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Litecoin (LTC) - 6h Global target $455Buyers have chosen a fairly calm tactic after the recent correction of the LTC market. An active wave of decline, which lasted from April 17 to April 25, ended with a halt in the Litecoinusd price in the range of $220-230 . If we look at the chart, we can see that each hit on a given liquid area occurred at large volumes. And it was after a short consolidation in this range that buyers' counterattack began.
However, this counterattack looks much weaker in the nature of the price movement than the previous wave of decline. Buyers have organized movement within the local black growth channel and are heading for renewal of the high. Today's attempt by sellers to break through this channel failed. However, it is too early to talk about a confident fixation of the LTC price above the range of $280-285. It is worth waiting for the close of the 12-hour candle. As long as the LTC price is within this channel, buyers will feel confident and continue to push the price with an ultimate target of $455. However, not everything is so simple in our opinion.
If we analyze the chart of the LTCBTC pric e movement, we can see that buyers managed to break through the global trend line of the falling channel:
In this channel, the price of LTCBTC has been moving since September 2019. The importance of this trend line can be seen in the trading volumes on April 16. Even due to large volumes, buyers were unable to close the daily candle above the white channel of the fall.
Thus, according to the LTCBTC chart, a new powerful impetus for Litecoin growth is possible after the price fixes above the range of 0.0054-0.0057 . If by that time the price of BTC can gain a foothold above the range of $60,000-61,000 , we will see a powerful wave of growth in the LTCUSDT market with a target of $455.
This target can be clearly seen on the daily timeframe:
As you can see on the chart, the LTC price moves in the trend channel in the pair against USDT. However, in this case, it is a growth channel from January 2021. This trend movement will end if sellers manage to gain a foothold below the mark of $220. However, if you look at the trading volumes from April 17 to April 25, it becomes clear that the range of $220-230 is very important for buyers. There have never been such large sell volumes in the history of LTCUSD trading. We think that after such an aggressive wave of decline, sellers will not leave so quickly. We expect to see a retest of the $ 220-230 range, from which buyers will start a new growth momentum.
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I ANALYZE FOR YOUR COMFORT - LITECOINLitecoin escapes from the consolidation channel, and starts a new climb. Long prediction for today.
If you appreciate my analysis please like and follow. If you want other tools analyzed, leave their names in the comments, and in the next hour I will publish the analysis. Everything on green !!
LTC/USD LONG SET UP (HODL) UPDATELTC/USD (LONG SET UP)
BUY AT- $225.00/ $205.00/ $170.00
Note- LTC will become bullish as bitcoin does
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $245.00/$255.00/ $265.00/ $275.00/ $290.00/ $300.00/ $325.00/ $350.00/ $375.00
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
Litecoin turning on the Search mode!So as you could see in my previous LTC idea. I was expecting LTC to move to these prices.
All of my 3 targets below were hit!
What is this idea about?
Firstly I want to show you some comparisons between this and the 2017 bull market.
Then I will do some technical analysis on LTC in the short-term and long-term as well.
Later I will tell you my expectations.
2017 bull market vs this bull market
Litecoin was at 3 USD on 29. March 2017 and went to 362 USD on 19. December.
This means it did 8815% in just 265 days.
If I draw it from the very bottom. This year LTC went 1285% in 418 days...
The Crypto market got way bigger so don't expect these returns... but I think LTC might explode soon. (reason later)
LTC/BTC pair
If we have a look at LTC/BTC pair... we can see that it went from 0.003 to 0.02... This is incredible! Imagine holding 5 LTC equaled 0.1 BTC! And this wasn't even the top of this pair. ATH was around 0.03.
Right now we are sitting around 0.006.
On the chart, you can see the bearish trend we are about to break in a few days with some crucial levels where Litecoin could struggle a bit.
LTC vs ETH
Ethereum will outperform BTC these few months... That's a fact. BTC dominance is dropping (currently about 46%). ETH is the king of all ALTs.
Firstly BTC goes up... -> ETH goes up -> Big cap Alts goes up -> Small cal Alts goes up...
and right now it's Alts turn...
Look what's happening to Link, ETC, etc. (expecting LTC, DOT ADA soon)
If ETH outperforms BTC and LTC will start to outperform ETH... This means you can outperform BTC multiple times!
In a few days, we should be able to break this bearish trend and go up!
Technical analysis
So in a long-term perspective, We can see a nice channel and leads us to a new ATH pretty soon...
We could hit the resistance and see a pullback to the red area... But I am not selling.
I am expecting LTC to hit minimally 700-1000 this bull run!
In a short term
We are going to hit the resistance in a few days/hours.
There are few scenarios...
1. Breaking the trend and going to search mode! (green)
2. Bounce from the resistance and seeing a healthy correction. (blue)
3. Breaking the trend after the correction (purple)
4. Bigger correction! (red)
Basically, we don't want to see below this red area or below the support!
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!