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$LTCUSD - Cup and Handle and Inverted H&SHi guys! 👋🏻 🔔 Litecoin is about to break the resistance at $64, no success so far. 🔔 There are two patterns I'm currently tracking - Cup and Handle and Inverted H&S. 🔔 There are no significant updates and news related to Litecoin, except listing on Paypal, hence the price action is mainly related to speculation by traders and general crypto market sentiment. This is confirmed by the same parallel channel as on Ethereum. 🔔 What I really like about this channel is when Andrew's Pitchfork is applied, both Moving Averages 100 and 200 follow levels of the pitchfork, you can rarely see that on market, so I'm betting high on LTC. Nearest targets are on the chart. 🔔 If Litecoin actually fails to overtake the resistance, it will probably drop to the nearest support levels, which are located at $59.36 and $56.79. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:LTCUSD
by azizelliott
7
Get Ready For Next BreakoutHey friends, hope you are well and welcome to the new update on Litecoin. In my previous posts I have showed two movements of the LTC coin one was the bullish BAT on daily chart. Another was a big descending triangle on weekly chart. And as per prediction the price action finally the priceline took a powerful bullish divergence from the potential reversal zone of BAT and broke out the resistance of the triangle. This move was more than 56%. Movement in up channel: Now on daily chart the priceline has started its move in an up-channel. At the moment the price action of LTC has reached at the resistance of this channel. In the meanwhile, the price action has also broken out the 25, 50, 100 and 200 simple moving averages and using 25 SMA as good support. A new move in a symmetrical triangle on long-term: Now on long-term weekly chart the price action has started a new move in a descending triangle. The formation of this new triangle was started in Feb 2020. At the moment the price action has reached at the resistance. If the price action will not be able to breakout the resistance this time then it may retest the support of this pattern. The 50 SMA is already at the support therefore there will be less chances of breaking down the support level. However, whether the priceline breaks out the resistance in current attempt or after re-resting the support the next target could be $100 (as per measurement of tail of the triangle to the support and placing this measurement at the tip). Conclusion: We have very strong supports at the support level of the triangle, however, if you are trading LTC on short term then you can set your stop loss at the support of the channel on daily chart. And if you are trading this coin on long term then the stop loss should be set the support of the triangle and the 50 SMA on weekly chart. Because the support of this triangle is the basic market structure for the price action on long-term if it will be broken down then a long term- bearish rally to the downside can be started.
COINBASE:LTCUSDLong
by moon333
1
Litecoin breaks above long term trend line, will it reach $178?Looking at this weekly log chart we can see LTC has broken above the downward red trend line. LTC has also broken above the smaller lime green trend line shown where the lime green up arrow is. LTC has also moved above all the weekly EMA and MA indicators shown on the chart. On the RSI we can see where the red down arrow is that LTC will need to break above this yellow trend line to confirm the move upwards to the 0.618 fib retracement indicator shown at $99.61 on the actual chart. If LTC breaks the 0.618 fib level it should move up to the 1.272 fib level similar to BTC and ETH. This should put LTC at a price of around $178 if it breaks these levels mentioned. Just bear in mind this same resistance level of the 0.618 fib level at around $100 is quite strong shown by the light blue horizontal line. On the LMACD we can see LTC has been building up nicely shown by the lime green line and is now trading above the 0 level on the LMACD. On the below weekly chart you can see LTC will also need to break above the Gaussian Channel and the Ichimoku Cloud on it's way to the levels mentioned above. If LTC can close the weekly chart above these trend lines it just broke above, the above scenario should come into play. If LTC gets rejected at these trend lines, we could see LTC drop back down to the pink horizontal line of major support at $41.65 Overall the charts look highly bullish. Happy trading legends! HTBB Donations via TradingView coins will enable me to post more of my analysis with more information. Thanks in advance if you are a legend who donates.
KRAKEN:LTCUSDLong
by Pro_Trader_HTBB
14
LITECOINIf my trendiness are right (which they may not be) we have broken out of this pattern...would I would like to see is a return to the descending diagonal with a hold and then holy guacamole...SEND IT! Target of 75 for first profit... The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
BINANCE:LTCUSDLong
by RozeRoze
Litecoin's tremendous resistance but amazing opportunity for 5xLitcoin is facing just like BTC a key resistance level at $64 if Bitcoin is able to continue on its path to break the resistance Litecoin is likely to follow suit. Then the next barriers for LTC are $72.25 and $80. After that assuming the next altcoin cycle will have been let loose by the Bitcoin bull run, Litcoin has the opportunity to 5x with a year. It does remain to be seen if Litecoin can keep its Top 10 position by market cap however, with many new (DeFi) players getting all the attention.
COINBASE:LTCUSDLong
by CarpeMomentum
2
Litecoin - $LTC - It's time!!! Are you ready?WAVE 3 in progress! The best time to buy is now! #LTCUSD: I'm LONG / BULLISH position. I expect that $EOSUSD will rise up. This would mean that LITECOIN will gain more 500% of its current value against the DOLLAR . What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION . No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things. Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong. If you want to win in this market, you need to be COLD and CALCULIST . To the moon is too close, go beyond Well, keep you updated as this timely issue evolves. Good luck! #CRYPTO $LTCUSD #LTCBTC #LTC #ALTSEASON2020 $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #BuyTheFear #BuyTheDip
BITFINEX:LTCUSDLong
by ferGOD
1
LTCUSDT breakout and re-test of 57.00 underwayLitecoin closed last week above 57.00 so I'd consider the breakout confirmed at this point. Also observably relatively performing well under recent volatility. Hence, I'm bullish right now and would buy this re-test if I see a nice bullish candle today. As long as 57.00 holds on a WEEKLY CLOSING basis, I'd say we should see this targeting the next resistance level at around 64.00. Furthermore, a monthly close above 57.00 definitely improves the odds for the bulls (IMO) of a noteworthy rally in the short term. Let's wait and see! Check out the weekly chart below:
COINBASE:LTCUSDLong
by thedailychartist
LTCUSDT tagged 57.0 resistance level. What's next?I am looking for a break higher but we are likely to see some kind of a pullback or consolidation before the market decides to break out of this multi-year consolidation (as seen in the HTF charts) or not. Market deciding to give us another bear leg is of course a possibility (In fact, I think there's a high probability that will happen in the short term so a break higher would be a surprise move for the market and could be explosive). But a Weekly or Monthly close above 57.00 should be pretty significant.
COINBASE:LTCUSD
by thedailychartist