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Litecoinusd

Litecoin (LTC) - 6h Global target $455Buyers have chosen a fairly calm tactic after the recent correction of the LTC market. An active wave of decline, which lasted from April 17 to April 25, ended with a halt in the Litecoinusd price in the range of $220-230 . If we look at the chart, we can see that each hit on a given liquid area occurred at large volumes. And it was after a short consolidation in this range that buyers' counterattack began. However, this counterattack looks much weaker in the nature of the price movement than the previous wave of decline. Buyers have organized movement within the local black growth channel and are heading for renewal of the high. Today's attempt by sellers to break through this channel failed. However, it is too early to talk about a confident fixation of the LTC price above the range of $280-285. It is worth waiting for the close of the 12-hour candle. As long as the LTC price is within this channel, buyers will feel confident and continue to push the price with an ultimate target of $455. However, not everything is so simple in our opinion. If we analyze the chart of the LTCBTC pric e movement, we can see that buyers managed to break through the global trend line of the falling channel: In this channel, the price of LTCBTC has been moving since September 2019. The importance of this trend line can be seen in the trading volumes on April 16. Even due to large volumes, buyers were unable to close the daily candle above the white channel of the fall. Thus, according to the LTCBTC chart, a new powerful impetus for Litecoin growth is possible after the price fixes above the range of 0.0054-0.0057 . If by that time the price of BTC can gain a foothold above the range of $60,000-61,000 , we will see a powerful wave of growth in the LTCUSDT market with a target of $455. This target can be clearly seen on the daily timeframe: As you can see on the chart, the LTC price moves in the trend channel in the pair against USDT. However, in this case, it is a growth channel from January 2021. This trend movement will end if sellers manage to gain a foothold below the mark of $220. However, if you look at the trading volumes from April 17 to April 25, it becomes clear that the range of $220-230 is very important for buyers. There have never been such large sell volumes in the history of LTCUSD trading. We think that after such an aggressive wave of decline, sellers will not leave so quickly. We expect to see a retest of the $ 220-230 range, from which buyers will start a new growth momentum. _____________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
41
LITECOIN, Breakout the resistance & Growth. LTCUSDTHello my friends, Everything is clear on the chart for you like always. After breakout I expect a fixation as a pullback then growth to higher targets. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me . Hello be doostan, baad az shekaste moghavemat man entezar tasbit va pullback daram ve sepas so'ood ta target haye balatar. moafagh bashid. like va follow baraye hemayad va didan tahlil haye jadid faramoosh nashe :D
COINBASE:LTCUSDLong
by ArashBanakar
4
Litecoin - The Path to $2000Litecoin is mirroring its movements during the 2017 bull run. We are currently in an ascending channel just as we were in 2017 and we are also seeing some divergence on the RSI. Using the fractal from 2017 and placing this over the current ascending channel we are in shows that there may still be some time remaining in this pattern to accumulate more before we breakout to the upside. From here, we could potentially hit over $2000 giving us an approximate 500% ROI from current prices.
BITFINEX:LTCUSDLong
by DanielParry