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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
LTC/USD ChartBefore I start to talk about LTC I would be grateful if you could follow, like and comment about the idea. First of all we can see from previous bull runs that LTC always has a strong run in the Q4, and it seems that this time its gonna be the same. In my previous LTC chart (check linked idea) I drew the main resistance, and told that when we break ou that level the coin would explode, and that happened. I still believe in a new ATH for LTC this year, but for now I would think that a correction will happen because the market is overbought, because of the RSI (above 80). However BTC chart is looking very bullish, and I think that after LTC corrects the coin will start to run again. Tell me what you think and comment your thoughts about crypto. Thanks
COINBASE:LTCUSDShort
by Devan-CryptoCharts
6
Litecoin H&S Formation GameplanHello Trader friends, With massive increasing price, Litecoin became one of the interesting coins in this bull run. This coin increased around 30% in between 24 hours and found itself a high around 274.6. Then price started a correction and a left shoulder and a head formed. I started to observe closely this price action and planned a strategy regarding this formation. If price breaks below the trendline and retests, I will open a short position targeting around 50% Fibonacci level which is USD 242 . My strategy LTCUSD Short Position Entry: 259 Target: 245-242 RSI divergence should be noted as well! Stay safe and don't forget, you don't have just one opportunity. Relax and watch the price action! Likes and comments are highly appreciated!
Short
by gorkemaydogan
4
Litecoin Breakout!!LTC has started to move to the upside after having a period of sideways movement as seen by the horizontal yellow rays, we have broken out of this sideways channel which could also be looked at as a bullish triangle which ive also drawn in, another crucial level we have taken out well looking like we will take out (have to wait for daily close at 8PM EST) is the R1 resistance level which is very bullish, we could've gotten rejected off of this level but Litecoin is showing some strength pushing through, a close above here will open the door for a push up to the 222$ resistance level, pretty heavy resistance but with some good momentum we should be able to push through, also on todays candle we have wicked up and above this level which is already weakening the level. 1 more near term target is the resistance at 247$-250$ level, we historically have had some problems getting up and above this level but with the upcoming surge in the markets im sure this is on the table. Something very bullish coming from the bollinger bands is we are directly ontop of the top band, and if we see a daily close up here we could see an explosive ride up the top band very likely bringing us to that 247$ level. Now lets look at the MACD, we are looking alright here we just had a bullish cross but i would definitely like to see some more bullish action to confirm this. we had a 1 day bear cross just before this bullish cross, we had a red bar right before todays bar, we want to see increasing green bars indicating a rise in bullish momentum, if we continue to stay flat or decrease we would be looking at another bear cross, another key thing i want to see is that Blue MA start to really take off from the orange MA, we need to see some separation or we risk a bear cross off of a small sharp downside move from price action, having good spread in the MA's lessens the chance of having a near term bearish cross and it also allows price action to have some room to go down for a couple days without triggering a bear cross! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905