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Litecoin Rally December 9th (update)Go over my last TA first. What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio. Just 8 days left till the December 9th who knows what will happen
BINANCE:LTCUSD.PLong
by Sporia
1
Litecoin Rally to 1400 dollars starts soonLitecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run. The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco 8/1 Gann ratio is far to risky especially if its not able to close above it as support. Right now what you see is two different Gann ratios a Marco one and a micro one . To get a better look at the marco one check out this TA below. So litecoin has broken the 2/1 Gann ratio which is a good sign but we up against a very strong reaction point (horizontal red line) this reaction line has played a big part of Litecoins moves this year so its important to follow it. For me I shall sit back and wait for December 9th its a strong Fib time Zone sequence that I think its going to play out , maybe price doesn't do much that day but normally these Fib times zones when they work they act as pivot points in price so even if there isn't some crazy price action it will be in fact the best time to place a trade. So the questions is where will price be on this date the small channel in orange or the dotted line in yellow as final support, if Bitcoin goes down to 50-53k expect this area to be hit . Its crazy to think one can predict price pivots in the future but look at the TA below last Fib count I got another amazing entry so lets see what the next one brings , I have a good feeling about this Fib sequence a lot of things line up with these dates.
COINBASE:LTCUSD
by Sporia
9
I've been accumulating LTC since $52, and now I see this. :)Note: This is not any financial advice, and I urge you all to DYOR before taking financial decisions. If you are a risk averse person, but still think you want to put money, go with an amount you are absolutely okay to lose. I'll keep this post extremely short... Litecoin made an impulsive move up after the Paypal news got announced. I kind of FOMOed in around 50-54, and averaged around 52. Kept buying every dip and now I think it is really paying off :) This monthly (/weekly zoomed out) pattern looks like a textbook style Adam and Eve double bottom pattern. you may see steep corrections on smaller timeframes, so it's better to look at the bigger picture and utilize those dips as buying opportunities in a bull market. A close above 140 on the High Time Frame (HTF), at least on the weekly will be a confirmatory buy signal. For me, I'll keep on buying in small quantities See you in 2021 ;)
BITFINEX:LTCUSDLong
by Retail_Insider
6
$LTC: This is NOT a shitcoin :)Litecoin had one of the most epic runs in 2017 which made a lot of millionaires in a year. The market started crashing from 2018, which was, of course because of a lot of factors, (including profit taking by the early investors). A lot of people believe that Litecoin is dead or something, but the Paypal news was big enough, and I personally believe LTC will gain traction because it's the cheapest coin among the 4 other coins listed by Paypal (Other coins include: Bitcoin, Ethereum, Bitcoin Cash). They will open the markets to a lot of newbie traders who absolutely have no idea what Litecoin is, and as per market psychology: 1) They will think of it as a cheaper version of Bitcoin, 2) People will prefer owning one whole coin instead of fraction of a coin (Take Bitcoin vs Litecoin). Even though we know what Bitcoin is, and it can't be compared :) Look at the charts: There's a multi year breakout incoming, (on the log charts). Bitcoin already broke out of the multi year diagonal resistance, and has given us an impressive rally since then. ETH was leading the markets for a while, but it seems BTC is back in the game, and soon other altcoins will follow (though I'd still recommend against holding random alts having no real value/use case) If Litecoin breaks above, expect: 1) Mass FOMO by 2021 end, 2) We go to the moon if we can catch the trend early But remember that there is a downside as well. So play accordingly. Never go all in, and invest only what you are okay to lose. And of course DYOR! ;)
BITFINEX:LTCUSDLong
by Retail_Insider
3
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
(LTC) ON THE ROAD TO ===> 1000 $ +Hello everyone ! Today the Black Cat Trader is analyzing LTC based on a weekly chart 🐾 📈 What we can see : - LTC broke its downtrend line but got rejected by the 0.618 fib extension which matches also with the intermediary lower line of the pitchfork - Actually, prices are sitting on the SSB which acts as a very strong support. - By using Fib retracement combined with Trend-Based Fib Extension we can identify concordance. What we can expect : - To go higher, LTC must hold its SSB support and break the 0.618 fib extension and the intermediary lower line of the PF to reach the upper levels (always wait for the lagging span confirmation) - If LTC failed to hold support on its SSB, then we can expect prices to bottom at 194 $ where there is : EMA21 / Downtrend Line / Uptrend line / Lower line of the PF Targets 1 : 705 $ (Fib extension : 1.618 / 2) Targets 2 : 1030 $ (Fib extension : 2.618 / 3) Targets 3 : 1448 $ (Fib extension : 3.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
KRAKEN:LTCUSDLong
by Hector_Bienvenu
7
LTC/USD ChartBefore I start to talk about today's market crash I would be grateful If you like, follow and comment your thoughts about the idea or crypto in general. In my previous LTC idea I talked about the correction that happened (check it out please), and now I think that LTC is going to a eventual restest to the 300$ resistance. LTC has a support at the 205$ level, and now the coin depends on BTC reaction. If BTC goes below the 58K support that another LTC correction will happen. If BTC manages to stay above 60k today, and continues to move to the 62K-64K area, I think LTC will move towards 300$.I know most of altcoin market depends on BTC performance, but coins like XRP, ADA, SOL and VET have very bullish charts. Comment your thoughts on this idea. Thanks!
COINBASE:LTCUSD
by Devan-CryptoCharts
5
Litecoin Rally starts December 9th 2021In my previous TA we caught that rally breaking from 200 to 300 , have a look below. Now Litecoin is setting up for an even bigger move , this next one could be more explosive than the last taking it to all time high. So right now price is hovering under the 8/1 Gann ratio, we failed to close any daily above it since its breakout and until we do break at 8/1 ratio and close a daily above we will not see an all time high. So the question is when does it break it? Sometime in the next 30 days the 8/1 Gann ratio comes into a squeeze by December 15th 2021 and we have a very interesting Fib Time date on the 9th Dec 2021. Fib Time Dates : 10th May 2021 20th July 2021 29th September 2021 9th December 2021 30th April 2022 These are very interesting sets of dates for a number of reasons , first of all the after placing the first two dates we get an impulse on the third which is a very good sign and increases the probability that we will get a reaction in the next two dates. So the next date is 9th of December 2021 that could very well be the date that Litecoin breaks the 8/1 ,I can see the price coming back down to 224 to the 0.382 Fib before we break 8/1. Out of all these Fib dates the most important one is the 30th April 2022 , time and time again I keep getting Fib dates around this time. Chainlink, Alt Coin Market cap and many more seem to get Fib dates around May 2022, is it possible that Bitcoin tops out end of April and then 20-25 days later the Alt coin market tops out, if you look at 2017 top Alt coin market topped out 28 days after Bitcoin and even this year when Bitcoin hit 65k and topped out in April guess what alt coin market topped out 21 days later so if history does repeat Bitcoin/Litecoin cycle peak could be at the end of april 2022 with a altcoin market peak May 2022, I will link below previous TAs showing these Fib Dates.
COINBASE:LTCUSDLong
by Sporia
13
🚀 Last Shall Be FirstYou may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison. While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for roughly seven years. All of a sudden, in 2020, the price jumped over 150% from bottom to high. In the crypto world, you can see a similar pattern looking at Litecoin priced in BTC terms. The coin has never recovered from the 2018 bear market and remained firmly stuck into a steep downtrend. Finally, the market seems to have lighted up the spotlight on Litecoin, revamping the price action. As a note, while hundreds of cryptocurrencies are out there that could fall under the category of shitcoin , Litecoin is one of the oldest native blockchains, which has run efficiently and with no hack or problem since its inception. On top of that, the coin is widely available on almost every crypto platform or exchange, so it has one of the broadest user-base exposure among all cryptocurrencies. Is this a call to rush into buying Litecoin? Not necessarily. The main takes here are two. First, buying something that looks historically "cheap" may provide the best opportunities from a long-term perspective. Especially if what you are buying has proven over time to be solid and trustworthy. Second, you can also see Litecoin as a proxy of the risk appetite of the market. When every coin already skyrocketed in price, in some cases, without being backed by much more than a viral meme, it makes sense to allocate more capital to coins with higher upside potentials. On the other hand, dinosaurs-coins usually get traction in the latest stages of a bull market, which can strengthen the case for planning an exit strategy or taking some profit gradually.
AMEX:SLVLong
by Coinrule
LTC - really dead coin or very overlooked potential?Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond. Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc. But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies here. When it comes to chart you can notice huge bullish divergence on RSI. Price is at historic low accumulation level. The price is close to breaking out of a falling wedge. When ( and not if ;) ) you notice volume rise, Stoch RSI to break resistance (similar to the last bull run) better fill your bags. I expect some resistance around 200 weekly MA and Anchored VWAP (blue line), but after they are broke path to the 340% and 480% gain is clear. If LTC by some miracle breaks to the new ATH (compare to BTC of course, $ ATH are certain) my target is 1.618 Fib. extension which is aprox. 860% from current level. Watch closely this trading pair and good luck! If you like analysis please consider leave a like or comment! Thanks :)
Long
by Philippe_0x
1