LTCUSD Higher LowLong term higher low, currently sitting on EMA, this could cause the formation of yet another bull flag, leading to more upsides
Litecoinusd
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 64.15
TP2= @ 79.15
TP3= @ 99.30
SL= Break below S2
Don't miss the great buy opportunity in LTCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Litecoin/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 64.15
TP2= @ 79.15
TP3= @ 99.30
SL= Break below S2
Daily Litecoin (LTC) Analysis: Key Levels to Watch ForPrimeXBT would like to call your attention to a technical analysis overview of LTC/USD .
According to the official update made by Jan. 3, the Litecoin Foundation is utilizing BitGo’s multi-signature wallet for its cryptocurrency custodial needs. While neither company has yet to supply details on the partnership, the Litecoin Foundation published a post on Twitter announcing the venture.
Litecoin bulls broke out from a narrowing range formation, but the price action is capped to the upside by resistance at $44 and supported on the downside by support at $38.
Furthermore, the coin has failed to clear the resistance hurdles stopping it from reaching its main resistance level at $45 . Instead, bears are trying to force the crypto back to the $42 support level.
Additionally, a break below the $40 support level may provoke an even deeper decline towards the $38 and $36 support levels.
If bulls can put forth more effort and push the digital asset towards the upper boundary of the small ascending channel, then the price may hit the resistance levels of $48, $50 and $52 respectively. Any movement above these key resistance levels should, therefore, encourage further buying.
Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect any type of long-term bullish reversal.
Resistance Zone: $45 - $50
Support Level: $40, $38, $36
Market Cap: $2 974 833 840 USD
Volume (24h): $3 629 057 746 USD
Circulating Supply: 63 807 394 LTC
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As always, be careful, and don't forget about capital & risk management.
Litecoin short IdeaDear friends,
It seems that Litecoin is follow his downtrend on the daily chart as we can see.
As we can see, he did not have strength enough to cross his long term downtrend channel and now it looks like is doing a small flag.
Base on it we recommend to sell at the Key level.
Best regards, Sandro and Gustavo.
LTC|USD - Head And Sholders PatternGreetings. Please leave a Like if you like the idea
Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position.
- The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support.
The position should be taken only when price close above the Neckline what will confirm the pattern to work.
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
LTCBTC MirrorLTC is mirroring its previous downward movement trend, will it mirror its upward movement? Im not sure, but I believe the movement upward this time will be faster and more rapid to break or test this current trend. Tightening of Bollinger bands will see volatility increase with time.
Included fibonacci retracement and a comparison to LTCUSD.
LTCUSD formed bullish Shark | A good long opportunityPriceline of world's 6th largest cryptocurrency Lite Coin (LTC) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of LTC price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection (there is little bit difference which i have ignored coz all other legs are driven perfectly as required for bullish Shark) and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: $42.25 to $41.84
Sell between: $42.67 to $43.55
So this very short term 2 hr based chart trade is a good long opportunity for Lite Coin's day traders.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Potential Long On LTC/USDT In The New YearI let the paint on the wall speak for me. Please, like, share and follow if you like this idea or drop your chart in the comments thanks again. Adjust your stops accordingly
Hold 37-33 Dollar area or down for a double bottom?Ltc has had a nice bounce of the 0.5 Fib level of the entire structure.. but then got rejected by the 0.65 Fib level of the impulse that started in December of last year.
The support looks strong around the 37-33 dollar range, holding above the 0.5 Fib, the 1:1 extension of the first big impulse in 2017, the 0.786 Fib of the latest big impulse and the 1.65 fib channel of the pitchfork.
If we don't hold we will probably test for a double bottom around 23 dollar.
LTCUSD (Weekly Chart) #LTCUSD : (#Bitfinex) Preparing for a breakout, Weekly resistance at $52, if breaks above, then medium term Targets will be $100 & $181. #LiteCoin
Litecoin Adam & EveLitecoin has had a small pump within the downward channel recently, this may lead to the formation of a bull flag in the blue box, or a retreat and possibility of a falling wedge. The Adam & Eve can be seen to be linked to the pump.
LITECOIN BUY SETUP UPDATELITECOIN move up nicely since my last post about. I hpe you enjoy my analysis. Please support the idea by Like, and Follow :)
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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LTCUSD DowntrendLitecoin is still stuck in a major downtrend, so, there are currently no good bullish entries unless you are going REALLY long, I understand the price is very cheap. Promising signs of a bullish reversal include MACD rising, and price hitting a nice short term support level of ~40. Price is currently in such an awkward spot it is difficult to short or buy. Advanced traders with a lot of capital may capitulate on this uncertainty that the middle of the trend provides. ~0.78 regression downtrend.
Caution with LTCLitecoin is at a crossroad to either turn back into the formation and double in value, or fail and lose 50% of its value. When evaluating the complete technicals list, LTC is circa 45%/55% slightly biased towards the bearish side. Either way prepare for a considerable value change starting any week now.
I'll be updating this post if mentionable changes occur.
Litecoin 2022Litecoin path to 2022, i know this seems like a long accumulation period but it has been seen in the past and history tends to repeat itself. As a stablecoin, litecoin doesn't provide much utility in comparison to other cryptocurrencies. Also included some fib retracement levels, and some sine time lines.
LTC - 24 November 2019 - Nightmare ContinuesMost outperformed coin of the 2019 run!
After the hype of its halvening litecoin just drop day after day.
Our previous LTC analysis is going smoothly...
The bear trend is still continuing and seems like it will last a little more.
Beware of LITECOINS tricky bull traps!
I started laddering my LTC longs. Yes it is risky but there is no risk no reward
Have a great day everyone!
LITECOIN: 900% PROFIT POTENTIAL WAIT FOR BOTTOM.LTCUSDT Will Down Till $22 to $24.
1st Target : $137
2nd Target : $252
After making Double Bottom and Reversal Candle Confirmation we Set this target.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil khan
Litecoin will surprise you allLitecoin broke some major supports and there's not much below now. It may have a weak rally to 52$-55$ following Bitcoin's bounce to 8200, that's where it faces a lot of selling pressure and falls like a dead bird to ...... 26$... 17$... then... 6$ then hopefully, 0.6$, which i still think is quite overpriced for this shitty shit-coin.
LTCUSD hitting the support of triangle | A long opportunityThe priceline of Litecoin / US Dollar is moving within the descending triangle and now hitting at the support of this descending triangle.
Support of triangle should be used as stop loss in case of complete candle stick closes below this support.
I have used Fibonacci squence to set the targets as below:
Sell between: 45.87 to 48.17
Regards,
Atif Akbar (moon333)
