Litecoin to Move Lower?Litecoin
Intraday - We look to Sell at 128.39 (stop at 131.21)
The trend of lower intraday highs has also been broken. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment. Previous support at 128.00 now becomes resistance. Follow through bearish momentum from 126.80 resulted in net losses.
Our profit targets will be 119.22 and 117.20
Resistance: 128.00 / 135.00 / 140.00
Support: 120.00 / 115.00 / 110.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoinforecast
LTCN Grayscale Litecoin Trust: Another Pump Coming?Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Grayscale Litecoin Trust (LTCN).
It seems that based on historical trends, when the RSI is near the overbought region, the price pumps. Could that happen again?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC/USDT IS GEARING UP.Hello guys, here's a trade setup on LTC/USDT. LTC is breaking out. The chart looks good here and I am expecting a 10% to 15% rally.
Entry will be between $110.7 to $113.46.
SL: $107.09
Targets:
$116.8
$119.5
$123.2
$128.4
Invest the amount you are ready to lose. Do not invest blindly, it's your hard earn money, my friend. The risk-reward ratio on this trade is good. If our SL gets hit then we will bear a minimal loss but if LTC rallies from this point then there's a good profit lying ahead of you.
I am trading on 10x and will exit my positions accordingly.
I will time and again update you on this one so stay in touch.
Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference.
Litecoin: Buy the UptrendLTCUSD - Intraday - We look to Buy at 113.92 (stop at 111.57)
We look for a temporary move higher. Previous resistance, now becomes support at 114.00. 50 4hour EMA is at 113.00. 6 positive daily performances in succession.
Our profit targets will be 121.78 and 124.15
Resistance: 125.00 / 130.00 / 140.00
Support: 114.00 / 110.00 / 100
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin at important confluence resistanceThe trend for Litecoin is down, however, after finding strong bits in the 100 zone, the coin has started to reverse and now is trading in very important 120 confluence resistance.
A break here would expose 140-145 next important resistance and, on the other hand, the incapacity to break above would put bears in control once more
LTC Litecoin: Prior Cycles ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Litecoin (LTCUSD).
The chart is self-explanatory. I am reviewing the current and two prior cycle moves and reviewing the Fibonacci Retracement tool at the 0.618 and 0.5 areas (dead cat bounce zones). Assuming history repeats itself, the price has a potential to get back over $200 before moving back down. This is on the weekly chart so have patience, and anything is possible as history does not need to repeat itself.
I have various LTC charts in the related ideas below. Check them out as well!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Litecoin Giant Magic TriangleLitecoin giant magic triangle originating in the year 2017. This is a rare technical pattern with beautiful symmetry. A mark of history to document a pending bull run. Happy trading!
Due Diligence:
Litecoin has always been one of the top name brand recognition in crypto.
It trends together with large market cap coins like Bitcoin and Ethereum .
There has never been any major scandals involving the Litecoin development team.
LTC is evenly distributed between many holders not just a few select whales.
Litecoin has some of the fastest and cheapest transactions of any blockchain.
LTC is tradeable on most major cryptocurrency exchanges globally.
Long Term Profit Taking:
Target 1: $420 All Time High
Target 2: $500 Psychological
Target 3: $777 Magic Number
Target 4: $1000 Altcoin Season
LITECOIN LONGS 📉📉📉📉 Expecting bullish price action on this crypto coin as price is rejecting from an important psychological barrier which is 100$, this is kind of a risky entry because the strucutre is still bearish. For a more conservative entry wait for a BOS above the previous high, retracement and then enter longs. I will enter on this trade on a smaller risk, if it hits my stop loss i am fine.
What do you think ? Comment below..
LTCUSD 200MA Entry WeeklyEntry in white on the 200MA which is currently being tested on the weekly
The Top Cap indicator has been hit twice in the past, will we see it tested again in the future?
LTC Litecoin: 4H UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Litecoin ( LTCUSD ).
Litecoin price is made a recent attempt to move upwards in a rising wedge however the price fell and has been trying to recover. It has very strong resistance ahead as noted by the various trend lines in the chart. There is also the Ichimoku Cloud around the 0.50 Fibonacci Retracement level. RSI, MACD and MFI are not looking bullish. Volume needs to come in to make the price move higher.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC/BTC Pair: Monthly ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the LTC/BTC pair.
The chart is self-explanatory. LTC/BTC pair is at the apex of the descending wedge and there may be a major move coming within a month. Check out my LTCUSD chart review below. RSI and MACD also ready to make a move!
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC Litecoin: 1D ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin ( LTCUSD ).
The chart is self-explanatory. Litecoin has multiple bullish factors that may give it a nice push upwards. The RSI and MFI were supported by a trend line, the MACD had a bullish cross, the Market Cipher indicator shows a green dot. The price is entering into the EMA ribbons and below the 50 and 200 SMA, and Ichimoku Cloud. Keep an eye on Volume as it hasn't moved yet. The price broke above the median line of the Bollinger Bands. All the way on top is the Support and Resistance Line which is also around the 200 SMA where the price may make an attempt to retest if it can keep moving higher.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
LTC forecast! I expect this reaction in coming days, as you can see the descending trend line is strong enough unless something strange happens
Let's see
Litecoin: Short Previous ResistanceLTCUSD - Intraday - We look to Sell at 107.15 (stop at 111.10)
Preferred trade is to sell into rallies. Previous support at 108.00 now becomes resistance. We have a 61.8% Fibonacci pullback level of 108.41 from 116.00 to 96.14. The primary trend remains bearish.
Our profit targets will be 96.14 and 91.22
Resistance: 108.00 / 112.00 / 116.00
Support: 96.00 / 90.00 / 80.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin- will it finally break under 100?Since November 2021, Litecoin was one of the weakest coins, losing 66% of its value from 300 to 100 at the moment of writing.
Looking at the chart we can see that the price evolution was very "technical" and each rally was sold in resistance or very near.
In my last Litecoin comment I said that a rebound from 100 is probable but this should be considered a good opportunity for selling around 120 and as we can see, the coin reversed from 116.
Now we are back to 100 and I believe this time we will have a break.
My target for this drop is another 30% at 70usd per coin.
Best of luck!
Mihai Iacob
Litecoin Short Term Uptrend?LTCUSD - Intraday - We look to Buy at 103.39 (stop at 99.97)
Preferred trade is to buy on dips. There was little net movement as we continue to consolidate within the 110.00 - 115.00 range. The trend of higher lows is located at 102.00. Previous support located at 100.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 115.71 and 118.31
Resistance: 115.00 / 120.00 / 132.00
Support: 110.00 / 100.00 / 90.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTC POTENTIAL REVERSAL Double bottom looks like it's currently forming on LTC.
We could potentially see a three-tap setup or a head and shoulders pattern form.
looking to bid the market breaker demand level if the markets give us the chance.
follow for daily predictions. :)
LTCUSD Analysis Long Term Periods of Bear and Bull are shown in sections
Currently price is within a falling wedge, as it has been before and broken out before successfully
The 200MA is currently being touched and is a great point for a suggested break out of the wedge
900D cycles seem to be common with a Bull and Bear cycle sharing roughly the same length
Still Looking For Litecoin Short LevelLTCUSD - Intraday - We look to Sell at 110.63 (stop at 114.50)
Preferred trade is to sell into rallies. Previous resistance located at 110.00. 50 4hour EMA is at 109.50. The hourly chart technicals suggests further upside before the downtrend returns. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our profit targets will be 101.38 and 92.80
Resistance: 110.00 / 120.00 / 125.00
Support: 100.00 / 90.00 / 80.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Will Litecoin drop under 100?As I said before, in the past 6 months, Litecoin was very weak, in fact, one of the weakest, and my 100 target was reached.
Now, the question is, will it drop under 100? In my opinion, the chances are very high for this.
Technically the downtrend is very clear and as we can see from the chart every rally is sold.
Now the coin is trading just above 100 support and I expect a break and continuation lower.
120 is now resistance and rallies towards that zone should be sold.
Litecoin to Retest Resistance? LTCUSD - Intraday - We look to Sell at 110.90 (stop at 115.68)
Preferred trade is to sell into rallies. Previous resistance located at 110.00. 50 4hour EMA is at 111.00. The trend of lower highs is located at 111.00. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our profit targets will be 100.28 and 92.80
Resistance: 110.00 / 120.00 / 125.00
Support: 100.00 / 90.00 / 80.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTC/BTC - 4+ YEAR FALLING WEDGE - BREAKOUT IMMINENT Although this structure is far from perfect due to the lower line being violated multiple times, its formation has been going on for over 4 years now and has also been respected many times, and this structure is still in play due to the fact that there is no significant break to either direction, yet..
LTC/ BTC is approaching the end of the apex and will soon break in one direction. Due to the falling wedge being a bullish structure, the market in extreme fear, and a general bias that history will repeat itself with altcoins going off on a final explosive run before a prolonged crypto bear market, I favor a break to the upside, however with the current geopolitical environment I think that an argument that this will break to the downside is also reasonable, along with the crypto market as a whole and the stock market of course. Either way, the falling wedge pattern is known to have a high success rate in the event of a substantial break, so I think it is safe to say we will soon have a strong move in one direction, and whether you're looking to short or long the crypto/altcoin market, LTC will likely provide a decent move.
LTC Litecoin: Where's The Bottom?Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Litecoin (LTC).
I reviewed the LTC price history and put together a possibility of where the price will bottom based on VPVR, RSI, Volume and Prior Cycle review. Keep a close eye on the Support Zone and two Support Trend Lines.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
