Litecoinusd
More Litecoin LTCUSD / LTCBTCLTC/BTC can be seen reaching a critical area within a falling wedge that has formed
while the USD pair can be seen forming a similar price pattern comparable to the 2017 booster that pushed the price to ~300
From this and the Fib Channel I draw the conclusion that Litecoin could hit ~2k by early - mid 2022
One of the first coins I ever owned, can't go wrong
LTC short most likely scenarioIt is very rare for any pair on financial markets for sharp movement to not carry on the same direction.
... this short consolidation should take a little and pair should exit channel the same direction it entered it which is down...
I tried to illustrate most possible outcome
This chart is sharing similarities with BTC XRM ETH to name few.
LTC - 6h. Buyers need to keep the range $158-168The protracted consolidation in the LTC market is coming to an end. Before the consolidation, 2 unpleasant events happened. Unfortunately, buyers were unable to keep the boundaries of the trend channel, in which the price moved from December 23. In addition to the trend line, buyers lost an important range $220-230 , from which the LTC price began a new wave of growth and renewed its high.
On the positive side , however, buyers have managed to maintain control over the range of $158-168. This price zone saved the LTC market from February to April. It is this fact that gives buyers a great chance to continue the price rollback to $220-230. In the short term, this is our main target.
Globally, the range of $220-230 may only be the first stop on a buyers journey.
By holding the price zone of $158-168, buyers will secure themselves a medium-term price vector with a target of $280 . It is in this mark that the future fate of the LTC market will be decided.
The main task of buyers at the moment is not to lose control of the market over the weekend. Well, let's see how they do it on Monday.
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LTC, Litecoin - the first goal is...Preconditions for growth:
- accumulation zone 172 - 186
- squeezing to the resistance line
- false breakout on the resistance line
- after that moving up (it means that for someone it's important to go up)
The first goal is 210. With SL.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Litecoin is warming up! LTC Litecoin super tight triangle consolidation at demand zone. Since anything can happen in this market (and I'm a bull at heart) but the trend is your friend and the key to trading is preparation, discipline, and having a system; this keeps me objective and helps me manage risk. Today price action didn't push lower but looks like a nice "inside day" is in the works. Interest in long on a BRB (Breakout Retest Bounce) move. Will keep updating as we go. Happy trading folks!
LiteCoinThis is Litecoin, and these are the levels that I'm currently tracking with this crypto.
There is potential profit margin underneath current price action.
I would like to see a significant drop in price below $100. Wishful thinking.
I could see it dropping to the $122 level, but IF that were to happen I would pay very close attention to P.A. in that area. Might get my wish...
LTC - The Bullrun Is Not Over Hi, this is my new update for LTC. LTC like other coins had a big pullback 4 days ago and it is down over 50%, but I think now it is good time to BUY, since if we look at the structure from 2017, we see that we are repeating exactly the same structure, also the pullback in 2017 was over 50% and we all know what happened after that. I think as long as the SMA200 holds we are good to go. Since Litecoin is one of the old coins and it has not reached all the way to 4.236 fibonacci level, then it tells us that there is still chances that lagging altcoins break ATH.