LTC BIG TARGETLTC is at a verge to breakout , if it breaks i have marked the target clearly and we may see up 50% Pump soon in this #DYOR
Litecoinprice
#Litecoin Down 14%, LTC In A $10 RangePast Performance of Litecoin
Litecoin prices are higher when writing but remain under pressure. As an illustration, the coin is within the bear bar of April 26, and trading volumes are low. At the same time, prices are anchored by the bear bar of April 19 that continues to shape the current formation. Support lies at around HKEX:85 while resistance is at HKEX:95 , or April 16 highs.
#Litecoin Technical Analysis
Sellers are in charge of a 54% surge from mid-March 2023. For now, LTC is down 14% from April peaks, and more could be on the horizon. Notably, the coin is in range inside a tight HKEX:10 zone. Because of this, price action suggests that sellers are in control, provided prices are below $95. Meanwhile, a clean breakout below HKEX:85 will confirm losses of April 19. The emerging trend would shape the short-term trend as LTC would likely flash crash to HKEX:70 in a retest.
What to Expect from #LTC?
The present consolidation validates the downtrend since buyers are yet to reverse losses of the second half of April. As prices move sideways, the odds of the coin dipping below HKEX:85 is amplified.
Resistance level to watch out for: HKEX:95
Support level to watch out for: HKEX:85
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Prices inside a Bull Flag with Resistance at $95Past Performance of Litecoin
Litecoin prices, like BTC's, are consolidating. For LTC, the coin has resistance at $95 with support at $87, as defined by the bull bar of March 23. Besides $87, the middle BB is a dynamic support level defining the uptrend. Therefore, as prices move horizontally, the uptrend remains unless there are sharp losses confirming the losses of April 6.
#Litecoin Technical Analysis
From the daily chart, prices are inside a falling wedge with resistance and support shaped by the bar of March 23. The result is a bull flag, with traders still bullish from an effort versus result perspective. This is because prices are still within the bullish engulfing bar of March 23, a candlestick with high and wide-ranging trading volumes. As such, unless there is a breakout above $95, traders might look for entries on lower time frames, loading on dips above $87. Any loss below $87 may see LTC dip to $75 and even March 2023 lows.
What to Expect From #LTC?
The uptrend remains, but market participants are apprehensive despite the Litecoin halving event around the corner. For now, immediate support levels are critical, and how prices react will shape the short to medium-term price action.
Resistance level to watch out for: $95
Support level to watch out for: $87
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Remains in a Bullish Frame, LTC May Rally To $120Past Performance of Litecoin
Litecoin remains bullish, looking at the performance in the daily chart. Even though the immediate trend favors sellers, prices are defined by the bull bar of March 23. Buyers have the upper hand from an effort versus result perspective. Still, for uptrend confirmation, LTC must break above $95 and, ideally, $120.
#Litecoin Technical Analysis
From the daily chart, buyers are confident of what lies ahead. There are lower lows relative to the upper BB, signaling fizzling upward momentum. Still, with prices inside the bull bar of March 23, buyers have a chance. This is valid as long as prices are above $85. A break above $95 with rising volumes may see LTC float toward $100 and $120. Conversely, any dip below $85, forcing prices below the anchor bar, might see LTC drop to $75 and later March 2023 lows in a retracement, aligning with bears of the second half of February.
What to Expect from #LTC?
Traders can wait for trend definition above $95. Although there have been higher highs in recent days, prices have been in consolidation. Therefore, any break above $95 might be the beginning of another leg up toward $120, cementing the bulls of March 23.
Resistance level to watch out for: $95
Support level to watch out for: $85
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Trends Higher, LTC Resistance at $90Past Performance of Litecoin
Litecoin remains firm at spot rates. Even though bulls failed to follow through and push the coin above the current consolidation, the uptrend remains, considering their push yesterday. The immediate resistance remains at $90, marking the top of the current expanding wedge.
#Litecoin Technical Analysis
Despite recent gains, bulls must edge above $90 for a trend continuation. Should that be the case, buyers will confirm yesterday's gains, setting the pace for another leg up toward $100. This will be a massive development for optimistic buyers who need to shake off bears and steer away from solid support at $75 following losses of early March. In that case, conservative bulls can wait for a clear definition in the immediate term, aware that gains above $90 might see LTC float to $100. Conversely, a sell-off below $75 might force liquidation back to December 2022 lows at around $60.
What to Expect From #LTC?
The direct correlation between Bitcoin and Litecoin might negatively impact LTC in the short term. This is because BTC is already under pressure and cooling off. Still, how prices react at $90 will shape the immediate to medium-term trajectory of the Bitcoin silver.
Resistance level to watch out for: $90
Support level to watch out for: $75
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Strongly Rejects Bears, LTC Uptrend Anchored At $65Past Performance of Litecoin
Litecoin is up 24% in the past three days, tracking higher, and aligning with the primary trend. Buyers are in control, bottoming from recent lows, a bullish development for holders. In the short term, the coin has support at $65. Meanwhile, resistance lies at around $90.
#Litecoin Technical Analysis
The path of least resistance is, from a top-down preview, northwards. From the daily chart, there is a double-bar bullish formation. Specifically, the bull bar of March 12 is bullish engulfing and with rising volumes. Subsequent confirmation yesterday solidifies the bullish outlook. Per this formation, traders can load the dips, targeting $90 in the short term. This preview will only change should LTC drop below $65, the 78.6% Fibonacci retracement level of the November to February 2023 range. Losses below this line may see the coin fall to Q4 2022 lows.
What to Expect From #LTC?
Traders are bullish, and LTC prices may continue inching higher in the short term. The next target is at $90, flashing with February 2023 lows. Further gains may see Litecoin expand above the February range to print new Q1 2023 highs.
Resistance level to watch out for: $90
Support level to watch out for: $65
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Drops 40% As LTC Sellers Aim For $60Past Performance of Litecoin
Litecoin is down roughly 40% from February highs, looking at the arrangement in the daily chart. The trend is established, and the path of least resistance is southwards. Bears have been resilient, following losses below $90 in early March, aggressively dumping on every pullback.
#Litecoin Technical Analysis
The immediate trend is bearish, and sellers are pressing on the liquidation pedal at the driving seat. At this pace, not only can LTC bears reverse gains of the better part of Q1 2023, but if the momentum is strong, the coin might drop to retest December lows at around $60. As it is, the March 8 bear bar is wide-ranging, with rising volumes, meaning the momentum is high. Traders can liquidate on every attempt higher below $90 setting sights on $60 in the near term.
What to Expect from #LTC?
Unless otherwise there is a counter bar with equally rising volumes rewinding yesterday's losses, the downtrend remains. Therefore, sellers may search for entries to liquidate with targets at crucial support lines in the short term.
Resistance level to watch out for: $90
Support level to watch out for: $60
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Breaks Lower, Pulls Back From Q1 2023 Highs at $102Past Performance of Litecoin
Litecoin is also bearish, following losses in the second half of last week. Bears have the upper hand, especially if prices are inside the bearish bar of February 9 and with lighter trading volumes. As it is, traders can watch out for how prices react at around $102 and $90. A breakout below $90 could see LTC retrace in an expected correction.
#Litecoin Technical Analysis
LTC remains in a tight range with caps at $102 and $90, respectively. As prices consolidate, moving away from the lower BB but still capped inside the February 9 bearish bar, aggressive traders can seek to unload on any attempt higher, mirroring their formation with the trend direction set last week. Despite the attempt higher over the weekend, prices remain below the 20-day moving average. This line has been the support line for the better part of the past three months. The cool-off follows a sharp expansion that saw LTC prices double from November lows.
What to Expect From #LTC?
Traders might be taking profits. As it is, LTC is bearish, and the bear bar of February 9 is important in the current candlestick arrangement. Losses below $90 would confirm sellers of last week, a development that may see LTC slide, an opportunity for aggressive traders.
Resistance level to watch out for: $102
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Rips Higher, Posting Over 2X from NovemberPast Performance of Litecoin
Litecoin is trading at Q1 203 highs when writing, looking at the performance in the daily chart. The coin has reversed losses of early this week, and buyers are in sync with gains of the better part of the second half of January. Per the current candlestick arrangement, primary support lies at around $90.
#Litecoin Technical Analysis
LTC is up by more than 100% at spot rates, trading in a bullish formation. The rejection of lower prices supports buyers who can look to double down on dips above $90, the primary support. At this pace, every low may be a loading opportunity for aggressive traders angling for $120 in the near term. Note that the February 1 bar has high trading volumes, which is overly bullish.
What to Expect from #LTC?
Buyers are confident, and the immediate trend has been established following gains in February. LTC looks likely to extend gains as it bottoms up from last year's lows. This preview is valid in the short term as long as the coin trades above $90.
Resistance level to watch out for: $120
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Is Up 2X from June 2022 Lows, Up Next $130?Past Performance of Litecoin
After dropping to as low as $40, Litecoin prices have more than doubled in the past seven months. The coin is up 125 percent from H2 2022 lows and galloping higher in a bullish breakout formation.
#Litecoin Technical Analysis
Traders are upbeat, but the uptrend, like what has been happening across the board, has been labored. Notably, LTC has resistance at around $92, marking January 20 high. On the lower end, support is the flexible support line, or the middle BB, and $80. As long as prices are above $80, every low from spot rates, below the middle BB, will be a retest, allowing for possible accumulation. In that case, traders might target $90. Further gains above $92 will open up LTC for March 2022 highs of $130.
What to Expect from #LTC?
Buyers are in control. The current consolidation has formed a bull flag as the middle BB offers support while $92 caps the upside. Any surge, continuing H2 2022 gains, may see LTC rally to Q1 2022 territory.
Resistance level to watch out for: $92
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin surges 114% in 6 Months, LTC Could Retest $100Past Performance of Litecoin
Litecoin is at multi-month highs, trading above May 2022 highs and Q2 2022 territory. At this pace, LTC bulls are squarely in control with signals that there could be more upsides. Still, the rejection of higher prices over the weekend may indicate weakness. Bulls have a chance as long as LTC is steady above $80.
#Litecoin Technical Analysis
Litecoin is within a bullish breakout formation following gains in the first week of January. With buyers resilient and inching higher, the breakout is valid as long as LTC is above $80. Note that the upside momentum is also strong, with bars binding along the upper BB at the back of expanding volumes. Despite the upside slowing down, buyers are in control and can load the dip targeting $100. This preview will be null if LTC sinks below $80 and December 2022 highs.
What to Expect from #LTC?
Litecoin is up 114% from June 2022 lows, outperforming the USDT and leading the crypto surge. Buyers may lead the way going forward ahead of the expected LTC halving. Accordingly, optimistic traders can double down on dips above $80, expecting the coin to chart above $100.
Resistance level to watch out for: $100
Support level to watch out for: $80
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin in a Bullish Breakout Formation, Will $65 Hold?Past Performance of Litecoin
Litecoin is relatively solid when writing. Despite the contraction after what promised to be a welcomed reversal after months of lower lows, there could still be hope for bulls. At spot rates, LTC price action could be completing a retest after springing 60 percent from June 2022 lows.
#Litecoin Technical Analysis
The bullish breakout above August highs (now support) at $65 in late November 2022 is valid. LTC more than doubled from November lows, peaking at $85 in early December before contracting to $65. This line flashes with August 2022 highs. Accordingly, LTC has completed the second phase of a breakout. If LTC bulls hold above $65, prices may rally back to $85 in a bullish continuation formation. Before then, traders can place triggers at around $70 before redoubling the accumulation. Conversely, losses below $60 invalidate this forecast.
What to Expect from #LTC?
Litecoin prices are trending at a critical level. A valid retest from $65 means LTC must expand above $70, confirming gains on December 20. If not, losses below this week's lows will cancel the bullish preview.
Resistance level to watch out for: $70
Support level to watch out for: $60
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin in a breakout, Rallies 67% from November lows Past Performance of Litecoin
Litecoin remains within a bullish breakout formation, doubling in the past six months. The coin is within a breakout formation at spot rates, clearing critical resistance levels. Accordingly, buyers have re-established themselves, setting the base for a possible recovery.
#Litecoin Technical Analysis
At spot rates, LTC is up 67 percent from November lows, reversing losses of early November 2022. Because of this, buyers have the upper hand. Subsequently, every low above $70, flashing with November highs, presents a loading opportunity for aggressive traders. This bullish preview holds considering the failure of sellers to push back prices, reversing gains made thus far. Besides, the upside momentum has resumed after waning in late November. From this setup, LTC bulls appear to set their eyes at $100, a psychological reaction level.
What to Expect from #LTC?
There are fundamental factors behind the revival, a welcomed move after losses in 2022. The immediate support is at $70. If bulls sustain this level, LTC may post more upsides in the short term.
Resistance level to watch out for: $100
Support level to watch out for: $70
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin surge 68% from 2022 Lows; LTC Target $100Past Performance of Litecoin
On November 22, Litecoin surged 22 percent, reversing losses of November 8 and 9 and swinging price action in favor of buyers. At spot rates, LTC bulls are building on yesterday’s impressive gains, surging 68 percent from November 2022 lows as the coin erupts to post new Q4 2022 highs.
#Litecoin Technical Analysis
In the daily chart, LTC is within a bullish breakout formation above $73 and November 2022 highs. As it is, buyers are back in contention. Subsequently, every low can offer entry for buyers to double down, expecting gains toward $100,which coincides with Q1 2022 lows. Presently, the spike in trading volumes and trade range is refreshing for LTC that appears to be bottoming up after 12 months of momentum-breaking lower lows.
What to Expect from #LTC?
Buyers are confident as LTC gains lead the market recovery. Technically, the bullish engulfing bar of November 22 is shaping the short to medium-term trajectory. With prices decisively breaking out above November high, LTC may surge to Q1 2022 territory.
Resistance level to watch out for: $100
Support level to watch out for: $73
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Firm, LTC Bulls Expect a 20% Rally to $65Past Performance of Litecoin
Litecoin prices are tethered around October 2022 highs at around $55, reading from the formation in the daily chart. Even though buyers appear to be in charge, there must be a sharp continuation in confirmation of mid-week gains for bulls to be in complete control. The upside is shaky, but a follow-through of October 24 gains may re-instill confidence in traders, pumping prices toward September highs.
#Litecoin Technical Analysis
Buyers are upbeat, but the positive correlation between LTC and BTC has yielded little. If anything, LTC prices are lagging and underperforming the Bitcoin markets. Nonetheless, traders are bullish, especially if LTC pulls above $55, trading higher in continuation of early this week's gains. Notably, a W-formation is clear in the daily chart, and prices are bound in the last leg up, aligned along the upper BB. Because prices are still within the October 25 bar, traders can look to buy the dips above the middle BB and $52, setting sights at $65.
What to Expect from #LTC?
Risk-off traders may look to double down on every retracement within the October 25 bar, reading from the daily chart formation. Ideally, if buyers come on top, the coin may surge 18 percent to $65. However, this forecast will tumble on optimists if LTC crumbles from spot rates, forcing LTC below the middle BB.
Resistance level to watch out for: $65
Support level to watch out for: $52
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Upside Momentum Fizzling, LTC Trapped in a $5 RangePast Performance of Litecoin
Litecoin is wavy and within a bearish breakout formation. The immediate support and resistance lines are at $50 and $55, respectively. Per the candlestick arrangement in the daily chart, the path of least resistance, even in the short term, is bearish.
#Litecoin Technical Analysis
Currently, LTC prices are consolidating, printing higher highs relative to the lower BB. Even though this may be interpreted as bullish, the failure of bulls to follow through on the bear trend rejection mid-last week and even more rejection of higher prices after the double bar bullish formation of October 15 and 16 points to weakness in the trend. This preview could be explained by relatively low trading volumes in the past trading day as LTC prints lower lows in sync with the August 19 and September 18 bear candlesticks. Aggressive traders may unload on every attempt higher but below $55, targeting $45, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. Any eruption of price above $55 may drive LTC towards $65, or August highs, in a buy trend continuation formation.
What to Expect from #LTC?
Litecoin is bearish and edging lower lows in a bear breakout formation, aligning with the bear of August 19. Unless there are gains above $55, every lower low aligning with the lower BB may see traders liquidate, heaping more pressure on holders and forcing more liquidations toward $50 or even $45.
Resistance level to watch out for: $55
Support Level to watch out for: $50
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Printing Higher, LTC Buyers May Reclaim $55Past Performance of Litecoin
Litecoin is overly within a bearish breakout formation, syncing with the general trend set in motion by Bitcoin. At spot rates, there is a welcomed revival. However, LTC prices remain in a trading range, bound inside a $5 range with caps at $50 on the lower end and $55 on the upper end.
#Litecoin Technical Analysis
As mentioned earlier, Litecoin is within a bearish formation, and buyers have yet to put a brake on the downtrend. Even though there are attempts, the failure of LTC prices to break above the $5 consolidation above $55, or even $65—marking September 2022 highs, place bears on the upper hand. Nonetheless, Litecoin remains within a broader uptrend. Yesterday's bounce from around $50 flashes with the 61.8 percent Fibonacci retracement level. A build-up from October 3 gains, lifting LTC above $55 may be the anchor for the next leg towards $65. On the flip side, losses below $50 cancel this bullish preview, possibly leading to a sell-off towards $45.
What to Expect from #LTC?
Litecoin is within a bearish formation, consolidating at spot rates. However, the trend could change if LTC expands above $55, building on yesterday's gains. Triggers may include a recovery in the broader crypto markets, especially BTC.
Resistance level to watch out for: $55
Support level to watch out for: $45
Disclaimer: Opinions expressed are not investment advice. Do your research.
Litecoin: Upcoming Price ActionHello friends, today you can review the technical analysis idea on a 1W linear scale chart for Litecoin (LTCUSD).
The Litecoin chart is on a weekly basis to show the life cycle of Litecoin on this chart. Price was around $200 in December 2021 when I started sharing my concerns with the crypto market. I hope you took that advice seriously at that time, as Litecoin is now around $50-$55!
The current price has broken below the S/R 1 line with potential to test S/R 2 line. Fibonacci Retracement shows the Golden Ratio (1.618) around the lowest level of support (see chart). On the positive side the Litecoin price has potential to resemble a prior cycle pattern move which could push the price higher. I don't want to get too excited yet as the Volume is decreasing however MFI seems to be moving higher. RSI has the chance to move back up to test the S/R line.
Read the chart carefully as there are a lot of notes on the chart.
Lastly, this is the weekly chart so have patience!
Included: Fibonacci Retracement, RSI, MFI, Ichimoku Cloud, and 200 SMA, Volume, Volume Profile (VPVR).
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 Bulls Firm but Capped below $58 and the 20-day MAPast Performance of Litecoin
Litecoin is surprisingly firm, gauged from its performance in the daily chart. After steep losses at the tail end of last week, Litecoin bulls flew back, propelling the coin higher over the weekend. Presently, LTC is in the green territory in the past 24 hours and looks likely to reverse the losses of August 26.
#Litecoin Technical Analysis
LTC is up roughly seven percent from 2022 lows and in green in the past 24 hours. Even so, the coin is within a bearish breakout formation and trading below the flexible resistance line marked by the 20-day moving average. Immediate trigger lines are at $58 and $60, at around the August 19 high. On the lower end, dips below last week's lows at $51 may see LTC post more losses. Risk-aggressive traders may unload on every attempt higher with sights set at $50, or lower, as they trade with the primary trend. On the reverse side, conservative traders may wait for a clean drop, preferably with rising trading volumes, below $50, targeting 2022 lows at $40.
What to Expect from #LTC?
The coin is firm at spot rates. Depending on how prices react in the immediate term, August 26 losses may turn to be climactic if prices edge higher, breaking above $60 with expanding volumes. Conversely, Litecoin may swing back to trend if there are sharp losses, diffusing the bullish momentum posted over the weekend.
Resistance level to watch out for: $58
Support level to watch out for: $51
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin in a Bull Flag, LTC May Close above $65Past Performance of Litecoin
Litecoin prices are firm when writing, expanding with the rising tide. Although the coin is within a rising channel, there must be a clear breakout above $65 and July 2022 highs for trend definition. LTC is technically within a bear flag with price action anchored by the strong leg down of May and June 2022.
#Litecoin Technical Analysis
When writing, Litecoin is within a bullish breakout formation and within the July 27 and 28 bull bars. Since prices failed to drop below $55 and are anchored by the two conspicuous bull bars of late July, every low may offer entries for optimistic traders. This is because LTC is within a bull flag and bull bars, a mark of strength from an effort versus result perspective. Conservative traders can wait for a conclusive, high volume close above $65 and July 2022 highs before loading the dips, targeting $75. Any drop below $55 and this month's low would invalidate this bullish preview, throwing bulls into disarray.
What to Expect from #LTC?
Buyers appear to be in charge at spot rates. The coin is within a bear formation from a top-down analysis. Losses below immediate support lines and the current bull flag may see the coin sink to July 2022 lows.
Resistance level to watch out for: $65
Support level to watch out for: $55
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin Bulls March Slowing, Resistance at $60Past Performance of Litecoin
The uptrend is still valid, and Litecoin buyers currently have the upper hand despite earlier losses. As per the LTC candlestick arrangement, traders may find loading opportunities on every dip towards last week's lows at $48, with targets at around June 2022 highs at $65. When writing, LTC is up three percent on the previous trading week.
#Litecoin Technical Analysis
Litecoin bulls are solid, and the uptrend is defined when writing. Even though the drive higher is not rapid and participation levels relatively low, traders may buy on every retracement above $48. This level flashes with the 61.8 percent Fibonacci retracement level of the June 14 and 26 trade range. Based on this formation, traders can target $60 and later $65. Risk-averse traders can wait for a high volume break above $60 before loading with immediate targets at $65. On the reverse side, sharp, high volume losses below $48 will slow down buyers, and LTC may drop to $41 in a bear continuation pattern.
What to Expect from #LTC?
Buyers still stand a chance in the current candlestick arrangement.Despite losses in the Asian session, prices are within the June 19 bull bar, thus strengthening the long preview.
Resistance level to watch out for: $60
Support level to watch out for: $48
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Litecoin in a $10 Range, LTCUSDT Resistance at $73Past Performance of Litecoin
Litecoin is up three percent at press time and break-even versus the USDT in the past trading week. LTCUSDT prices are trending inside a narrow $10 range with caps at $73 and $63, respectively. Although there are hints of strengths, the failure of Litecoin bulls to conclusively close above $83 and the middle BB points to weakness.
#Litecoin Technical Analysis
LTCUSDT prices are within a tight consolidation with resistance at $73. Even though these are higher highs versus the lower BB, suggesting bullish momentum, sellers are in a commanding position. Notably, LTC prices are still in a bear breakout following losses below Q1 2022 lows. Additionally, Litecoin is capped within May 11 and 12 bear candlesticks. Overall, this is bearish from volume analysis. In the short term, sellers may unload on pullbacks towards $73.
Meanwhile, risk-averse can wait for a breakout formation to load, especially if prices surge above $73 and 83. Conversely, dips below $66 may heap more pressure on LTC. In that case, the coin may dump back to 2022 lows at $53.
What to Expect from LTC?
Litecoin is under immense selling pressure. Despite higher highs, the coin is capped to the upside at $73 by the flexible resistance line set by the middle BB.
Resistance level to watch out for: $73
Support level to watch out for: $63
Disclaimer: Opinions expressed are not investment advice. Do your research.
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.
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
