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Litecoinusd

LTC Bullish Trend - Possible 295 USDTSince March 31st, Litecoin has had a reoccurring sequence of an ascending broadening wedge (bearish), followed by a downtrend to support level, then succeeded by a sideways channel between support and resistance levels which plays out for 2-4 days. This sequence has appeared 2 times since March 31st and is forming again with current price levels. Currently, the price is forming the sideways pattern after breaking down from the ascending broadening wedge back down to support. Therefore, for the next couple of days, Litecoin can be expected to fluctuate in a sideways manner between 245USDT (support) and 260USDT (resistance). If it breaks the resistance of 260USDT, another ascending broadening wedge should occur. Based on the magnitude of previous ascending broadening wedges, the mean percentage increase is approximately 17.79 percent. Therefore, the next ascending broadening wedge should increase the price by around 46USDT, forming a new price level of around 306USDT. However, 300USDT is a massive psychological resistance, and therefore I would take profits at 295USDT to 300USDT. Right now, the MACD and Stochastic RSI are showing bullish crosses, which indicate the price should increase within the support and resistance levels in the short term. The RSI is at a neutral level of around 50, meaning the coin is neither overbought nor oversold. Entry points: If you are an aggressive trader, a good buy point would be between 240-250USDT. This is high risk and high reward as LTC can fail to break resistance and fall past support. If you are a conservative trader, a power play would be to buy the retest once it breaks the 260USDT resistance. Therefore, a good buy level would be a retest at 260USDT. *Edit: The resistance level is simply the highest peak in the graph within this month and the support level is the previous peak as created by the previous ascending broadening wedge.
KRAKEN:LTCUSDLong
by rainyang
1
Litecoin, LTC/USDT - go go goThe coin has been forming a triangle for over 2 months. I like to trade it. I expect for entry point after retest. Keep in mind this coin. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
32
Describing Litecoin TrendsPpl have asked ()litecointalk) when is the best time to buy Litecoin. I tried to explain without drawing, but I think I did not explain as good as I could do drawing. "More important than the price is the trend itself. LTC is still consolidating the up trend and have been doing so since September 2020. Right now, LTC will face two resistances to climb, ~245 (previous high) and ~375 (ath). If you are willing to buy now, you should be aware that even if the price reaches as low as ~165, ~153 or ~112, the trend is still going up. So, don’t panic sell because this means you are loosing $. A good strategy is to wait for the price to climb the previous high before you go in. So when it passes 245, the resistance line will become the support line. Wait for the consolidation on the area (~250) and than calculate your strategy. For example: Price is about 250. Your stop-loss will be bellow 244.90 and your target 360 (around ATH 375 where the bears will short sell). Remember, it will take time for this to happen."
BITFINEX:LTCUSDLong
by MakeVideos
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto? I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC: In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery. For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating). Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum. For ultra long term cycle charts on LTC, follow my related chart ideas below.
COINBASE:LTCUSDLong
by brotoshee
4
X marks the SPOT - LITECOIN hits a bullseye on its way outAn important moment for LITECOIN as it reaches FIB level 1.6, AND the possible top trend line AND crosses MACD. It's just ANDing all over the place! It's just hit a bullseye, and is ready to move. Looks like a little mini U dipping in and out from the line. Look for another strong candlestick and then go long onto the NEXT LEVEL BABY. Remember, if you were right and I was wrong... That makes you a better person.... Okay, I admitted it.. GEEZ
Long
by Ifyouonlyknew
LTCUSDT Symmetric triangle formationLTCUSDT (Day CHART) Technical Analysis Update Waiting for the Symmetric Triangle Breakout LTC/USDT currently trading at $203 Buy-level: Above $215 (only buy if the 4H candle closes above the symmetric triangle) Stop loss: We will update once we see the breakout Target 1: $240 Target 2: $275 Target 3: $300 Target 4: $350 Max Leverage: 3X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
3
LTC - 6h. The loss of $183 will lead to a sharp drop to $140In the previous idea, we expected a test of the $ 196 mark: The boring price movement within the triangle showed us where the liquid range to buy is. We are talking about the price of $170-175 . This range sustained the first hit on February 22-23, when the LTC price fell non-stop. Please note that this range did not stop the total decline in LTCUSDT, but it slowed down significantly. The importance of this price range is also confirmed by a new wave of growth that began on March 5. Only after buyers managed to take control of the $170-175 range and test it at low volumes, a 30% increase in the LTC price began : On March 25, buyers were again tested for strength. However, the $170-175 retest passed without much enthusiasm from the buyers. The new wave of growth began rather sluggishly and now the LTC price is near the critical point. If we analyze the LTCBTC chart on a weekly timeframe, the reason for the slowdown in the growth of the LTC price becomes clear: Stopping the growth of the BTC market and the fall in the price of LTCBTC has a bad effect on the price of LTCUSDT. Therefore, it is the new upward impuls e of the LTCBTC pair that can significantly revive the LTC price and help it get out of the upward triangle. ___________________________________ 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
19