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Litecoinprediction

LTC Litecoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Litecoin (LTCUSD). The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Litecoin. Included in the chart: Trendline, Support and Resistance Lines, Ichimoku Cloud, VPVR ( Volume Profile Visible Range), EMA Ribbons, Volume , Descending Wedge, RSI, MFI (Money Flow Index), Trend Analysis. 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
COINBASE:LTCUSD
by MillionaireEconomics
3
LTC Litecoin: Weekly Chart UpdateHello friends, today you can review the technical analysis on a 1W linear scale chart for Litecoin ( LTCUSD ), a cryptocurrency. 1) Litecoin price has been falling since the May 2021 local high. 2) Currently the price is close to touching a multi-month support line. If price breaks the support line, keep an eye on the 0.236 Fibonacci Retracement level to possibly hold support. If price breaks that region, there is a multi-year support trendline that may support the price. 3) RSI (relative strength index) is currently being supported by a multi-year trendline. 4) Overall crypto market is not looking strong so be cautious. 5) This is a weekly chart so be patient with price action. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
COINBASE:LTCUSD
by MillionaireEconomics
LTC Litecoin: Re-test of Support LinesHello friends, today I am completing a technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted. #CryptoPickk notes the following: 1) The Litecoin price has been falling since the all time high in May 2021. The price has also ranged in a triangle pattern since that point. 2) The Litecoin price has been supported by two bottom trendlines as shown by the yellow colors. The price has the potential to re-test the first support trendline which would bring the price to around $177-$180. If this does not hold, the price will have the support of a multi-month trendline which it could re-test around $130-$135. If price breaks below the bottom support trendline, a bigger drop is possible. 3) The first support trendline is also the 0.236 Fibonacci Retracement level where the price generally has reverse potential. 4) The RSI (relative strength index) is supported by a bottom trendline which it has been bouncing off of. If this breaks, the price has potential to drop. 5) The Volume has been consistent so expect volatility. What are your opinions on this? 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
COINBASE:LTCUSD
by MillionaireEconomics
6
LTC targetsHere we go, my targets for Litecoin. One of my favourite TA educators and analyst (CryptoBirb) is very bullish on it sets the target to 1500-2000 dollars. However, I have to disagree. Although I am bullish on it, my targets are more conservative, with 629 as most likely and 846 as the final target. This is considering the current speed, breadth, Elliott wave channel from waves 2 and 4, with 3 as the top and using the different forecasting techniques and the possible breakout target of the ATH. Let's see who will get it right. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
2
Litecoin Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Litecoin had joined the crypto bull market that lasted from late 2020 to mid-2021. During that time, LTC price grew from under $50 to $412.96 — an all-time high which Litecoin hit on May 10, 2021. After this peak, the price fell quite sharply, reaching $104 by the middle of July. Since then, though, Litecoin has been showing strong signs of recovery. Over the past seven days, Litecoin has seen a drop in value, as it lost 12.19%. The volume of Litecoin lately was $3.579B or 2.52% of the total volume of all cryptocurrencies. It has traded in a range of $220.80 to $282.60 in the past 7 days. Possible Scenario for the market : The market is still showing signs of a small Bearish movement that will most likely reach the first support level at $214.46 where we will see a big battle over control between the Bears and the Bulls, if the Bearish movement continues then we might see a further drop that could reach the support located at $198.773 or even $174.46. The Bulls will try to gain control back over the markets knowing that technical analysis indicators show a Bullish long-term trend. the first attempt will be at the first support line where we might see a push back up that will reach the first resistance at $254.46 and from there if this bullish trend continues then we will be seeing the coin value reaching the $297.46 level. ***Litecoin would need to move through the $239 pivot to bring the first major resistance level at $254 into play. Technical Analysis show : 1) The market is below the 5, 10 MA and EMA indicating a short-term Bearish movement, But still above the 20 50 100 and 200 MA and EMA which means Bullish for the long run. 2) The MACD is above the 0 line indicating a Bullish market with a crossover happening right now. 3) The RSI dropped after reaching the overbought zone and not it reached 53.60 showing good strength in the market. Support & Resistance points : support Resistance 1) 214.46 1) 254.46 2) 198.73 2) 278.73 3) 174.46 3) 294.46 Fundamental point of view : Litecoin (LTC) is an early fork of Bitcoin and one of the first altcoins, launched in 2011 by Charlie Lee. An early Bitcoin adopter and Google employee. Litecoin was intended to be a “lighter” version of Bitcoin and is very similar to the pioneer crypto otherwise. The price of Litecoin doesn't seem to necessarily correlate with the price of Bitcoin, which is very interesting to observe. However, it becomes more difficult to predict the price of LTC 5-10 years into the future. Litecoin Smart Contracts, DAOs, Tokenised Assets, and NFT's are live, which could only help increase the coin value. Venmo, currently ranked the second most popular financial app in the US has launched its much-awaited cryptocurrency offering to its 52M+ users marking yet another milestone for Litecoin adoption and accessibility. Alongside Litecoin, Venmo users will also have access to buy, sell and store Bitcoin, Ethereum and BitcoinCash directly within the app starting with $1. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
16