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Litecoinforecast

Litecoin price brings these two key levels to the ultimate test Litecoin recently embraced support at $110 following the colossal breakdown from highs above $190. On-chain metrics show that Litecoin is stuck between two key levels that are constantly being tested. Litecoin has retested the support provided at $110 following a massive breakdown from price levels around $186. The drop in price occurred in tandem with Bitcoin's price fall from $40,000 to $30,000. While recovery is underway, delays are anticipated as Litecoin encounters crucial levels. At the time of writing, LTC/USD is doddering at $135. On the downside, the 200 Simple Moving Average in the 4-hour timeframe has presented formidable support, keeping the bears in line, while avoiding a retest of the recent anchor at $110. On the upside, the cryptocurrency is facing a challenging task at the 100 SMA. Trading above this first resistance would be a bullish signal that Litecoin can recover to higher levels around $160. The 50 SMA is might delay the recovery to towards $200 but if bulls are determined, Litecoin will swing to new yearly highs. The technical support and resistance have been highlighted by the IOMAP model by IntoTheBlock. For instance, a high concentration of sellers is expected between $154 and $158. Here, nearly 36,300 addresses previously bought roughly 1.1 million LTC. If Litecoin slices through this area, the upswing to $200 might come into the picture. On the downside, Litecoin is sitting on areas of immense support, with the most robust running from $128 to $132. Here, roughly 40,000 addresses had previously bought approximately 1.7 million LTC. It is unlikely that this buyer congestion zone will be shattered in the near-term. However, if broken, Litecoin may fall to $110 or even revisit $100. Litecoin intraday levels Spot rate: $134 Relative change: -5.4 Percentage change: -4% Trend: Bearish Volatility: Expanding
COINBASE:LTCUSD
by CoinGape
3
LTC-4h. Loss range $147-153 and target $100.The euphoria in the LTC market did not live up to investors' expectations. Breaking the global mark of $145 up gave the price a great chance to continue to rise to $220. However, the sharp fall in the price of BTC significantly adjusted the plans. As a result, the LTC price broke the bottom trend line of the channel in which it traded from December 11. The main buyer support was in the range of $148-153. At the moment, this range is under the control of sellers. If buyers fail to regain control of this range in the near future - this will be a serious signal to sellers to continue to fall actively. The main target of this scenario is $100. Another signal for the continued decline in the LTC market will be the continued decline in the price of BTC and breaking the $33,000 mark. Consolidating the LTC price above $153 will give buyers a chance to test the $173-180 range . We will closely monitor the movement of the LTC price and update the idea when the price chooses its scenario. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
17
LTC-4h. The price is ready for the test $220.After breaking the key mark of $147 , the growth of the LTC price slowed down. Active resistance from sellers on January 3-4 did not work and the main level of the LTC coin remained under the control of buyers. The price went according to the "white scenario", which we wrote about in the previous idea: At $173, sellers found a new range to slow prices. However, at the moment their strength is not enough to stop the strong trend. The main target of $220 remains valid. Now the price is one step closer to growth by 25%. LTC trading volumes are now in 4th place among all crypto coins. In the event of a sharp change in the situation in the crypto market - the critical point remains at $147. However, the probability of breaking the $147 mark is still quite low. ___________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
10
[GUIDE] How to get a GREAT Entry on LTCIn this technical analysis I will walk you through the current price action on LTC and show you potential areas where you can enter either a long or a short position. I will try to keep it easy to read and to-the-point. The most important thing to consider now is where you would enter LTC. Because it is trading neither near support nor resistance, I don't consider the current price a good entry. Since LTC is now trading at levels where we haven't seen price action recently, I decided to use the price zones from a longer time ago. Often, they still hold value and can give us an indication which areas are important for an asset. Also, consider how crazy that top horizontal resistance actually is. The price was rising in basically uncharted territory, making it very difficult location to apply TA. The trick that I applied was going back all the way until April 2018 and it actually showed perfect predictive power as the price bounced EXACTLY at that level, just like it did before. That is the power of TA. What I suggest is to do either of the following. In the bullish scenario I suggest you wait for a retracement, for instance to the ~$150 level and enter with a long. You would try to monetize the scenario that it would bounce on the horizontal level and catch a local bottom there in an otherwise uptrending asset. For the bearish scenario you could try to wait for the price to get a bit higher, near the $175 resistance again. Then, you bet on a reversal with a short position. Hoping that the previous resistance indicates a great potential place for a reversal again. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:LTCUSD
by Trading-Guru
18
How to get a GREAT Entry on LTC - ContinuedIn this idea I will continue the last technical analysis on LTC, but take into considering the new information we just got with Bitcoin going to $40k. Again, he most important thing to consider now is where you would enter LTC. What I suggest is to do either of the following. In the bullish scenario I suggest you wait for the price to break out aggressively through the horizontal resistance zone near $175. You enter a long near $180 and you close it near $250. In the bearish scenario you bet on a rejection when the price hits $175 again. The most likely fall will be to the nearest horizontal zone around the $150 level before it will likely rise again in its bullish uptrend. I tried to make the clear as self-explanatory as possible. In case you have any questions anyway, feel free to drop me a comment below. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:LTCUSD
by Trading-Guru
17
Litecoin to $250 and why investing Always beats TradingI know a lot of you are thinking this is overbought, over heated, ran up too fast, etc and are trying to apply some sort of technical analysis to it but I want you to know - you are focusing on the wrong thing. Your mind focuses on "warning signs" because our brains are programmed with a survival instinct that always seeks a safe shelter (i.e. cash).... Here is one bitter truth that is very hard to accept and that every trader learns only after loosing a fuck ton of money: trading will never beat investing because trading focuses on all of the negatives (resistance/support lines, bear/bull flags, etc.) but investing focuses on only 1 positive long-term vision. Until you understand it, you will never win big. Take a look at every chart I made and compare it to this weekly chart. Notice how on the weekly chart its a straight shot up without any interruptions? Investing ignores all of the noise, trading focuses on the noise. That is the big difference. On weekly, we see a clear Adam and Eve bottoming pattern. I expect this to rip higher regardless if we correct here or not. STOP trading and start learning macro behind assets that matter (Real Estate, Gold/Silver, Dollar, Bitcoin, Ethereum, etc.). Nobody gives a fuck about tokens so trade those all you want, but do not trade the big stuff or will sit back, look at the weekly chart and realize that if you didn't dink around past 6 months, you would have been a millionaire by now and the only person responsible for it is you. Focus on the noise and lose or focus on good macro and win big.
KRAKEN:LTCUSDLong
by bossmodetrader
36
2021 Outlook - Litecoin (LTC)Sharing forecast. Best estimate The best estimate LTC Price I'm expecting is at $577.00 or 1.382 fib level. If it breaks the longterm resistance area around $170. Conservative estimate It's the Compounded Annual Growth Rate (CAGR) of 199.25%. This is computed as: Closing Price x (1 + CAGR) = $124.69 x ( 1 + 199.25%) = $373.14 Worst estimate Worst case scenario if ever is the $25 area. If the best estimate price was hit, possibly a return of 362.75% from 2020 closing price. If the $25 worst estimate was hit, that's a possible loss of 79.95% from 2020 closing price. Risk reward ratio seems attractive at 4.54. Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
COINBASE:LTCUSDLong
by cautious_trader888
Wait for me... Bitcoin passing one after the ATH in a hurryBitcoin is showing immense strength and it clearly showing the the alt coin bulls the way. In full gallop it reached $33k. Ethereum is struggling to keep up with papa bull Bitcoin and struggled to break the $775/800. Litecoin same picture in the $140/145 range. Ripple looks more like RIP still. A very bearish chart. The only hope are signals from Ripple or the SEC that there will be a way to avoid XRP being treating as a security. The first hearing on Feb. 22, 2021 will be key and that is a long way from here. So my short-term outlook is that Bitcoin will take a breather and retrace to about $30k seeking to make that level support. Keep in mind that predictions are extremely difficult to make as this is a very bullish, but volatile market. Bitcoin as seen today can also explode more and capture $35k. Ethereum will like follow suit with Bitcoin and retract to about $750 to seek support there. It may also be triggered by Bitcoin and catch up while Bitcoin takes a breather and make new highs by itself. For Litecoin it is similar again as with Ethereum. Looking for support right now at $135. It has the great potential just to explode as well and outperform Bitcoin and others. Ripple is if anything a big gamble. I closed all my positions and took the hit. Very unpleasing and I partially blame Ripple (the company) for not foreseeing this and protection their community from these losses. I am sure the SEC did not come with this out of the blue. And again keep in mind the momentus pace we had in uptrend. And what goes up must come down. 2021 is here and the Bitcoin target supposedly should be $100k. This will not happen in 12 days with 10% each day, so keep in mind some folks will also cash in and sell and others will push the market down only to get in again and participate again. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
BITFINEX:BTCUSDLong
by CarpeMomentum