Litecoin halving soon. How the LTC price will react?Today, let's look at what is happening on the LTCUSDT chart
In 33 days, LTC Halving will take place, which means that the reward for a mined block will be halved.
Previously, before the two previous halvings, which occurs every 4 years, the LTC price peak was reached 40-42 days before the halving.
We described it in more detail here:
This year, it seems that this pattern has been broken.
For more than 4 months, the LTCUSD price has been in consolidation, twice entering the buy zone, which was also mentioned in previous ideas, and then the price bounced up sharply from there.
Therefore, it seems more likely to us that the Litecoin price will break out of this consolidation to the upside.
For ourselves, we have set a price range of $128-136 as the first place where we could cover some of our longs and take profit on medium-term trades.
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Litecoinforecast
Litecoin (LTC) formed a bullish Gartley for upto 34% moveHi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC) with US Dollar pair.
Previously I shared a long-term trade signal for LTC, which is still in play as below:
Now on a daily time frame, LTC is about to complete another bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Wait for #LTC to reach $130 first, and then short it to 34 $You are reading absolutely right. According to my analysis, this is a complete cycle. First, wait for LTC to reach $120-$130, and then there is a possibility for it to go down to $40-$34.
I have already conducted an analysis of LTC before, which you can check on my profile
LTC long setup Buy/Long LTC Now. Litecoin is strong, and a halving is coming in 59 days, which is a very bullish signal.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Litecoin- Rise to 133? (50% gain)Of the 3 coins analyzed today, Litecoin I like best.
As we can see from the daily posted chart, after the top above 100, the break under the rising wedge's support, and the drop in support, LtcUsd has started to rise again.
This rise is very constructive and we have had higher lows since March with the last low being a Pin Bar.
Resistance is now the zone between 93 and 95 and a break here could lead to a rise well above 100 to the next important resistance at 133.
Buying Litecoin at previous resistance.Litecoin - 24h expiry - We look to Buy at 89.11 (stop at 86.11)
Previous resistance at 89.00 now becomes support.
Support is located at 89.00 and should stem dips to this area.
Short term oscillators have turned negative.
Short term bias has turned positive.
50 4hour EMA is at 89.09.
Expect trading to remain mixed and volatile.
Our profit targets will be 96.61 and 97.61
Resistance: 91.93 / 93.00 / 94.60
Support: 90.00 / 88.50 / 86.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace.
We described this in more detail, with graphs and comparisons, in our previous idea here:
If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level.
Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it.
For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73.
If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend.
However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved.
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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.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 88.21 (stop at 84.71)
Hourly momentum has stalled and our bias is now neutral.
Daily signals are mildly bullish.
A break of the recent high at 88.12 should result in a further move higher.
Short term RSI is moving higher.
The medium term bias is neutral.
Our profit targets will be 96.71 and 98.71
Resistance: 82.50 / 85.40 / 88.12
Support: 80.00 / 78.00 / 75.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Financial Wave. LitecoinOur priority scenario in Litecoin has changed after yesterday's drop below $90. We still believe that LTC will continue to rise in wave 3 above $105.57, shorter term targets we will be able to determine after the correction is over. A drop in price below $81.76 cancels this scenario.
Litecoin to roll back downAs I draw attention before, the 100 zone is a very strong resistance for Litecoin, and, in spite of this recent hype and "back to bull run" calls from the crypto Gurus, I don't expect it to have a sustained rise above this figure.
As we can see from the posted chart, LtcUsd already started to drop from this zone and also the recent leg up from December is a rising wedge.
A drop under 90 would confirm the pattern and the coin could drop to 60.
My general idea remains unchanged overall (although I had some buy trades on Btc and Eth): this is just a correction in the crypto market's case and as for Ltc, sell rallies towards 100 could be a good idea if you are also bearish on medium to longer term.
Of course, I could be wrong, but from a speculative point of view, a sell at 100 with a stop at 120 and a target at 60 makes sense.
LITECOIN Analysis and Trade Idea💸 #Analysis #Trade 💸
📊 #LTC 1H-45min_
In one hour's time, it is on a static surface (SR) that according to the number of collisions, there is a possibility of failure of this region from the RTM-style point of view. For the trident on that cryptocurrency to act this way, it will be activated by the Order Lifetime targets will be updated.
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📗Order Type: Buy Limit (Not Active Yet)
🟡Ep 1=95.50$
🟡Ep 2=94.50$
⛔️Stop>93.50$
➖➖➖➖➖➖➖➖
📕Order Type: Sell Limit
🟡Ep 1=104.50$
🟡Ep 2=106.50$
⛔️Stop> 108$
➖➖➖➖➖➖➖➖
📊Powered By Smart Money Concept+Volume profile
🆚Risk/Reward Ratio:10
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👤 Analysis By Master_Of_Trades🦅
📅 2.19.2023
📫Get Free Access to Premium «Analysis + Trading Signals»
Litecoin: Milky Way 🌝🌟Litecoin is climbing further North to reach the blue target zone between $132.29 and $154.36. Within this zone, we expect the coin to fulfill the blue wave (iii) before pulsing down to the corrective low of the blue wave (iv). After completion, the course can rocket back towards the sky to carry on its bullish trend until the pink wave finishes.
Litecoin - Are you a Bob -Trader ?Hi Traders, Investors and Speculators of the Charts 📈📉
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC, I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story... Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
Interested in another alt with massive upside potential? Here's a low risk high reward setup on LINKUSDT :
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CryptoCheck
LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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