Litecoin LTC Will Surprise You!Hello, Skyrexians!
According to your activity we can see that you are interested in old altcoins. We have already considered DOGE and XRP, today it's time for COINBASE:LTCUSD . In our opinion Litecoin can show the best performance in this bull market.
Let's take a look at the weekly time frame. We can see that bull run in 2017 was the global impulsive wave 1. After that price is going sideways for 7 years! We assume that this is global wave 2 in shape of flat correction which has the clear ABC structure. This wave has been finished inside the 0.61 Fibonacci retracement level.
Current price action looks like pre-pump formation. We can see that Bullish/Bearish Reversal Bar Indicator printed the green dot recently. As you can see in the past this is very strong signal which will likely lead to a great uptrend. This uptrend is going to be global wave 3 which has the targets between 1.61 and 2.61 Fibonacci levels at $740 and $1200.
Best regards,
Skyrexio Team
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Litecoinprediction
Support at $80 Spurs Litecoin's Bullish Push to $90Litecoin remains bullish, with the November 11 high at $80.4 as key support. If this support continues to hold, LTCUSD prices aim for a $90 target.
Conversely, if Litecoin prices dip below the support, a new consolidation phase will likely emerge, targeting lower support levels.
Article: fxnews.me
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Cryptolean Litecoin LTC UpdateIn the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.
However, it recovered strongly, re-confirming $80.43 as a support.
The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.
A bullish break-out of $92.07 is needed to have a rally towards $100.
A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.
Cryptolean Litecoin LTC Update Litecoin found a support at $80.43, the key daily support zone, and we see a bullish reaction from this level.
A bullish reversal from $80.43 is likely, assuming we see bullishness back in CRYPTOCAP:BTC , and will result in a move to re-test $88.82-$92.07.
A bearish break-out of $80.43 will push #LTC price lower towards $73.31, however the price action may be slow and choppy.
Intraday Chart
The LTCUSDT 4-Hour chart is neutral and moving to the key intraday resistance at $87.89.
A bearish rejection of $87.89 will lead to Litecoin price declining to $80.29, the key intraday support.
A bullish break-out of $87.89 will push price to re-test $91.97 and, possibly, higher to $96.84-$100.31, where the price action will be very important.
Support once read!
Thank you.
LTCN Discounts were in, Will the PARABOLIC Premiums come back?It is amazing how well grayscale litcoin performed during the last bull market, I hope everyone took profit. All time highs was around $500 and was selling for around a 6000% premium. Can we truly go parabolic after January 10th, 2024 when the sec finally approves a bitcoin spot etf, and imagine getting some type of premium back during the bull market after btc halving.
Props to the people who watched this during the bear market while looking for small sideway movements during two months and started accumulating on the way up from 2$ to around $17.87 at the time this chart was created.
Litecoin LTC long medium-term trade #21Taking into account the fact that in the medium term we are more inclined to believe that the crypto market will grow, we continue to publish medium-term trades.
In order to continue the growth of the crypto market, we would not like to see a correction of the BTCUSDT price below $26950-27000 in the coming days:
In previous years, the LTC price was one of the first to start an upward trend and correction. This year, the "scheme" failed, the LTCUSDT price was one of the first to start correcting in July, but it still can't start growing, although the BTC price has been growing slowly for 2 months...
We will try "to push" the Litecoin price up a bit :) by entering a medium-term trade on the following conditions:
Entry: in the range of $60.21-62.51 (the desired average price is $61.36)
Stop: $55.99 (-8.75%)
Take profit: $83.80 (+36.57%)
P/L ratio: 4.2/1
We allocate $10,000 for LTCUSD trade,
In the event of a mistake, we will lose $875
If the trade will be a success, we will receive a profit of $3650
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC.
Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward.
Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario.
However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price.
We described more about the LTCUSD price movement after the halving here:
Therefore, we have a critical level of $79.
If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56.
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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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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-$34.
I have already conducted an analysis of LTC before, which you can check on my profile
LTC long setup Buy/Long LTC Now. Litecoin is strong, and a halving is coming in 59 days, which is a very bullish signal.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
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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