Litecoinidea
Litecoin: Future Price PredictionHello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Litecoin (LTCUSD).
The chart shows only the Litecoin price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price.
Though price may move slightly different in both cycles, the overall structure looks very similar. It seems that the current price may be headed to one more touch of the resistance line around $185-$200. To make it easier to follow, I made a pathway in the prior and current cycle. There is a possibility that price could come all the way down to $25-30 range due to a black swan event, however there are multiple support and resistance zones before that happens.
I am NOT confident that Litecoin price will make an all time high until after the next Bitcoin halving in 2024.
What are your opinions on this?
Check out my Ethereum price prediction in the related ideas below.
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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: 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 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
Key moment for LTC/USDT soon!Looking at the chart, we can see that Litecoin is due to a breakout...either to the upside, or downside.... Although, by looking at the MACD and RSI, we can conclude it has more chances of going upwards than down due to having positiving momentum and being on a bullish-level on the RSI as of right now.
LTC on the verge of a 30% run!!Litecoin has been having amazing days recently with explosive moves up! We are currently sitting above the 1.6 FIB level and i think if we can hold this level and close todays daily above here we are looking even more bullish! we have little to no resistance holding us back and a move from our 1.6 to 2.6 FIB is aprx 31% and IMO very likely. We are starting to see the EMA ribbons push up and open carrying us with bullish momentum, remember litecoin in the past altseasons/ bull cycles has been one of the top performers and even outperformed bitcoin 1 year. Our zero lag MACD has been going sideways and reversing multiple times, as of right now we look bullish and we will want to see our Blue stay on top of the orange, the histogram is starting to print a few slight green bars and i'll want to see once again a hold and daily close above the 1.6 FIB and some bigger confirmed movement on the MACD. The RSI is overbought and starting to slightly come down a little bit, it would be ideal for us to get a good close tonight and then we could see our RSI come down and recover and us testing the top of the 1.6 FIB before we continue up. We could see a couple days of sideways action before our next move up. NFA just my opinion!
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.
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LITECOIN - Intraday Update - 12/03/20 (Short-term)LITECOIN - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
The bearish alt: count.
Bottom Line: The alternate count, is the Bitcoin may correct in a wave ((2)) minor. A more bearish possibility is that wave (C) is developing as a zigzag and will make a new low under 79.84, before the rally in wave ((3)) begins.
LTC 12h. The target $61 has been reached. Next target is $41.Good afternoon!
We have published a fairly accurate series of LTC ideas.
It's time to continue)
The LTC price has once again hit the trend, which for more than 2 years has not allowed LTC to start a global up trend.
Now, we expect LTC fall to $41 for a start.
Cancellation of this scenario is a breakout and fixing above the level $61.
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