LTC Cheat Sheet for 2022.Let's see how true this plays out going into 2023. I prefer to trade long term and create guides like this for myself to keep me on track. Hope it becomes useful for others as well.
Not Financial Advice.
Litecoinlong
Litecoin to see a correction to the upside?Litecoin - Intraday - We look to Buy a break of 54.01 (stop at 52.58)
We are trading at oversold extremes.
A higher correction is expected.
A break of bespoke resistance at 54.00, and the move higher is already underway.
Expect trading to remain mixed and volatile.
20 4hour EMA is at 54.15.
The trend of higher lows is located at 52.50.
Our profit targets will be 57.45 and 57.95
Resistance: 54.00 / 56.00 / 57.50
Support: 52.00 / 51.00 / 50.00
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 longLitecoin bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 62.5 is expected to happen.
Litecoin (LTCUSD) - Evident Similarities Litecoin is showing two peaks touching the upper trend line and maintaining this channel
This is also seen in the earlier state before LTC mooned to 300+
Its just a matter of when
Litecoin benefits from doallr weaknessIntraday
We look to Buy at 57.36 (stop at 56.09)
Short-term momentum is bullish. Short-term bias has turned positive. 20 4hour EMA is at 57.80. 50 4hour EMA is at 57.70. We look to buy dips.
Our profit targets will be 60.75 and 61.65
Resistance: 61.00 / 62.00 / 63.00
Support: 60.00 / 59.00 / 57.50
Litecoin: Long at supportLitecoin
Intraday
We look to Buy at 57.41 (stop at 56.19)
Previous resistance level of 57.50 broken. We look for a temporary move lower. We look to buy dips.
Our profit targets will be 60.39 and 60.99
Resistance: 60.00 / 61.00 / 62.00
Support: 59.00 / 57.50 / 56.00
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 longLitecoin bounced off the support area. Bullish movement to resistance level at 57.5 is expected to happen.
Litecoin longLitecoin bounced off the support level. Asset broke through the descending trendline. Bullish movement to resistance level at 61.4 is expected to happen.
Litecoin longLitecoin bounced off the lower boundary of ascending channel. Bullish movement to resistance level at 65.4 is possible.
Litecoin looking long? Litecoin
Intraday
We look to Buy at 58.71 (stop at 56.40)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. A Fibonacci confluence area is located at 58.20. Further upside is expected although we prefer to buy into dips close to the 58.20 level.
Our profit targets will be 64.42 and 68.00
Resistance: 64.50 / 72.00 / 100.00
Support: 58.00 / 45.00 / 22.50
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: Fib confluence!Litecoin
Intraday - We look to Buy at 58.71 (stop at 56.40)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. This is positive for sentiment and the uptrend has potential to return. We look for a temporary move lower. A Fibonacci confluence area is located at 58.20. Further upside is expected although we prefer to buy into dips close to the 58.20 level.
Our profit targets will be 64.42 and 68.00
Resistance: 64.50 / 72.00 / 100.00
Support: 58.00 / 45.00 / 22.50
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.
LTCUSD IdeaAn idea for LTCUSD comparing a previous point before a large breakout
Price is currently at the same pace as the up green arrow
This large triangle is waiting to be broken
Litecoin longLitecoin broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 70.5 is expected to happen
LTCUSD Log Growth CurveUsing a Log Growth Curve indicator on LTCUSD
Green Boxes show similar points along the growth curve
We are currently at the bottom, or approaching it.
LTCUSD Middle Band LTCUSD here on this Monthly timeframe has seen significant support on the middle band of this indicator named "Gaussian Channel"
In fact price was along this area when it mooned to $300 in 2017
Long idea
LTCUSD - Litecoin Halving's Plotted on the chart in orange are LTCUSD's three and most relevant halving dates, with the third being yet to come until July 25 2023
The first halving and the third show similarities, in that they both are experiencing a bull move that will lead to a bull market before the halving
The first one took a long time to materialize however with a long period of low price volatility. I'm going to assume that a phase like this will be skipped on the third halving and bull action will come as the halving comes
This is purely due to the age of the coin
Right now is a great entry into LTCUSD
#Litecoin Completes Retest, #LTC Bulls Aiming for $135Past Performance of Litecoin
#LTC prices are firm on the previous trading day and on the cusp of closing above the middle BB. From the LTC candlestick arrangement in the daily chart, sellers still have control from a top-down analysis. Even so, the close above last week's highs and $115 may reinvigorate determined buyers targeting $135—or better in the short-te rm.
Litecoin Technical Analysis
Technically, the correction of early April 2022 constituted a retest following an impressive breakout formation in mid-March 2022. Based on the formation in the daily chart, it is highly likely that #Litecoin prices may float back to March 2022 highs. Accordingly, aggressive LTC traders may buy on dips provided prices are above $100 as they target $135. Such a move would reaffirm buyers of mid-March and possibly set the foundation for another leg up towards $150 in the medium term.
What to Expect from LTC?
Buyers are shrugging off sellers and solidifying their position reading from the development in the daily chart. A sharp close above $120 may draw more buyers, driving the coin towards March 2022 highs.
Resistance level to watch out for: $120
Support level to watch out for: $100
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTC to double before end of MayLTC broke multiyear downtrend and is going to need to find a new ceiling in the next mont and half.
Taproot/MWEB activation should help push us higher as well.
Litecoin longLitecoin broke trough off the upper boundary of descending channel. Asset broke trough off the resistance level. Bullish movement to resistance level at 126.5 is expected to happen.
Litecoin Trendline BreakoutHey traders, in this week we are monitoring LTCUSD for an interesting buying opportunity around 120 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
Litecoin longLitecoin broke trough the resistance level. Asset broke trough the descending trendline. Bullish movement to support level at 142 is expected to happen.
LTCUSD wen moon? Litecoin is undergoing a long build up phase
As you can see on the right, it is just a bigger formation of one previously seen, and the one previously seen produced great results
The BTC pair shows a falling wedge, falling wedges are a very reliant and aggressive bullish pattern
Its just a matter of time within a wedge like this
Chart above suggests an entry
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
