Litecoin in ascending triangle.Litecoin - 24h expiry - We look to Sell at 94.28 (stop at 97.64)
Price action has continued to range within a triangle formation.
Bespoke resistance is located at 94.50.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Price action has broken from the previous formation.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 85.88 and 85.08
Resistance: 92.50 / 94.50 / 95.69
Support: 90.78 / 90.00 / 88.63
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Litecoinusd
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace.
We described this in more detail, with graphs and comparisons, in our previous idea here:
If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level.
Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it.
For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73.
If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend.
However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved.
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Litecoin road to $1000+ 3rd halvening coming soon!the third halvening is expected to occur around July-August !
What is the litecoin halvening?
-Litecoin halving, also known as Litecoin halvening, is an event that occurs every 840,000 blocks on the Litecoin blockchain. During this event, the block reward that miners receive for verifying transactions on the Litecoin network is reduced by half. This means that the amount of new Litecoin entering circulation decreases, which can potentially impact the supply and demand dynamics of the cryptocurrency.
-The first Litecoin halving occurred on August 25, 2015, when the block reward was reduced from 50 LTC to 25 LTC. The second halving occurred on August 5, 2019, when the block reward was reduced from 25 LTC to 12.5 LTC. The next halving is expected to occur in 2023, when the block reward will be reduced from 12.5 LTC to 6.25 LTC.
-Litecoin halving is often compared to Bitcoin halving, as both events follow a similar mechanism. The purpose of halving is to control inflation and ensure that the cryptocurrency maintains its scarcity over time. By reducing the amount of new Litecoin entering circulation, halving can potentially increase the value of Litecoin in the long term. However, it's important to note that the impact of halving on the price of Litecoin is not guaranteed, as it depends on various market factors and investor sentiment.
Litecoin in symetrical triangle.Litecoin - 16h expiry - We look to Buy at 78.71 (stop at 75.71)
Price continues to trade within the triangle formation.
Trend line support is located at 78.70.
We look to buy dips.
Expect trading to remain mixed and volatile.
Daily momentum has stalled and our bias is neutral.
Our profit targets will be 85.91 and 86.91
Resistance: 82.00 / 83.28 / 86.00
Support: 79.71 / 78.50 / 76.76
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 88.21 (stop at 84.71)
Hourly momentum has stalled and our bias is now neutral.
Daily signals are mildly bullish.
A break of the recent high at 88.12 should result in a further move higher.
Short term RSI is moving higher.
The medium term bias is neutral.
Our profit targets will be 96.71 and 98.71
Resistance: 82.50 / 85.40 / 88.12
Support: 80.00 / 78.00 / 75.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
#LTCUSD - A 30% Drop Before Rising Up?Coming off a fresh rejection off the descending resistive trend line we've received a Sell signal from CTv2, there's around 30% drop until price would meet support at an intersection of ascending trend lines and a historic SR level. This is our target!
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LITECOIN: Possible New UPSIDE for this cryptocurrency.Have you ever considered investing in Litecoin, the "silver" to Bitcoin's "digital gold"? While its price has dropped significantly from its peak of over $400 per token to around $95, there are indications that now may be the perfect time to buy.
Litecoin has been making waves in the cryptocurrency world, particularly since its 37% price increase in November 2022. It has remained relatively stable since the start of the year, but there are several factors that suggest it could experience significant growth in 2023.
One of these factors is the upcoming halving event in August 2023, which will reduce the creation of new LTC tokens by 50%. This will make Litecoin even scarcer and decrease its future inflation. Typically, halving events raise the value of coins, so many crypto traders are anticipating a Litecoin rally around this time.
In addition, Litecoin's recent partnership with Mastercard has caused quite a stir. Mastercard plans to offer Litecoin-based cards to customers in the UK and EU, following a successful test program in the US market. This could make LTC a more commonly used payment method and bridge the gap between cryptocurrencies and fiat, potentially increasing its long-term value.
While Bitcoin is focused on preserving value in the long term, Litecoin has been adjusted to be more useful as an everyday payment platform. It offers lower transaction costs and faster payment settlement, which makes it an appealing option for some investors.
According to Coinbase, Litecoin saw a 38% yearly gain after its last halving in 2019. While it's difficult to predict the future of any investment, most forecasters believe that Litecoin will rise above $100 per token by the end of 2023.
Overall, Litecoin has significant potential for growth in 2023. The halving event and the Mastercard partnership are two key factors to watch out for. Expanding use in the real world is essential for the growth of any cryptocurrency's value, and the Mastercard agreement is a significant step in this direction. If you're looking for a potential investment opportunity, Litecoin may be worth considering.
Litecoin LTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly.
I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or we might have one last leg down with a -93% drop from the top. I placed wave 2 bottom there just incase we do go lower, if not the wave 2 is where the -89% drop is. Wave 3 on the bigger trend should take us roughly 8 years to complete. My prediction is based off of elliot wave rules with wave 3 being the wave that cannot be the shortest wave of either 1 or 5. The price target of wave 3 is roughly $690. This is not a moonshot target and it's a target that I know LTC will surely reach. I will draw a chart for a moonshot target underneath this post.
R/R Ratio: 7.68
Possible upside: 599%
Possible downside: -78%
Litecoin: Milky Way 🌝🌟Litecoin is climbing further North to reach the blue target zone between $132.29 and $154.36. Within this zone, we expect the coin to fulfill the blue wave (iii) before pulsing down to the corrective low of the blue wave (iv). After completion, the course can rocket back towards the sky to carry on its bullish trend until the pink wave finishes.
LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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Litecoin to stall at highs.Litecoin - Intraday - We look to Sell at 90.49 (stop at 92.61)
The rally was sold into but, the dip lower has stalled.
Levels above 90 continue to attract sellers.
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 85.46 and 84.46
Resistance: 88.00 / 88.80 / 90.50
Support: 87.00 / 86.30 / 85.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LITECOIN USD (LTCUSD) 1W Trading Analisys (TA)1W Chart, LTCUSD , on January 25, 2023, the signals on MACD already crossed north from below the histogram, after piercing on July 2022; The RSI signal bounced on 50 and is now facing NE staying steady over 60 after the price has been steadly climbing since the beginning of the year, from $78 to $87, piercing up the 100 days MA signal, at this moment there is still plenty of room for the price to test from below the 200 days MA signal by $120, which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy". Today this ticker has a Volume of 455M with a Market Cap of 6.3M.
Good Luck!
Gráfico 1W, LTCUSD , el 25 de enero de 2023, las señales en MACD ya cruzaron hacia el norte por debajo del histograma, después de perforar en julio de 2022; La señal RSI rebotó en 50 y ahora se enfrenta al NE manteniéndose estable sobre 60 después de que el precio ha estado subiendo constantemente desde principios de año, de $78 a $87, perforando la señal MA de 100 días, en este momento todavía hay mucho espacio para que el precio pruebe por debajo de la señal MA de 200 días en $120, que es el enfoque optimista, pero recuerda: "En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a tener razón nueve de cada diez veces. Descubrí que cuando el mercado está bajando y usted compra fondos sabiamente, en algún momento en el futuro será feliz. No llegará allí leyendo: "Ahora es el momento de comprar". Hoy este ticker tiene un Volumen de 455M con una Capitalización de Mercado de 6.3M.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Buying LTC on dips.Litecoin - 24h expiry - We look to Buy at 88.82 (stop at 86.78)
Our short term bias remains positive.
20 4hour EMA is at 88.83.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 93.92 and 94.92
Resistance: 91.30 / 92.70 / 94.00
Support: 88.80 / 88.00 / 86.30
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LTC-USD : Assessing DemandI like what LTC could be ahead of its EoY forecasts.... this chart is a quick short term rally. Come Summer time the real festivities kick off. I will be adding LTC to the portfolio. I think its an excellent option for people who feel priced out of ethereum and bitcoin. The demand hasn't even really begun, anticipate steady demand & incremental climbs. Those who understand market will be able to leverage experience. Hypothetically bitcoin could go to 10k and i think consumer confidence would hold current pricing levels. Technicals signal strong buy.... and in discussions w/ peers we're in consensus on how good the return could be for LTC.
I could see steady demand intensifying the closer we get too Q4. Temporary cooling periods are getting shorter and shorter. Those who understand Litecoin, will understand why we're climbing in steps. LTC loyalists know what time it is. Circle the months of June, & July.
Litecoin Completes Wyckoff Phase E ReaccumulationHappy hump day in the first week of this new year. It’s been a minute since I’ve last posted some TA, and it seems the itch has returned after putting trading aside for a bit to focus on other pieces and parts of life. I’m sure The Byrds touched on crypto degen season in their hit Turn! Turn! Turn! somewhere.
With the Litecoin halving expected sometime in Q3 or Q4 of 2023, backing up the Brinks truck and filling up the bags with Litecoin has become the recent mantra and memecoin. What better way to get back on the horse again?
With that, Let’s get to the TA. (My methodology is Point & Figure/Wyckoff.)
Looking at the 1D chart (0.20 box size with a 3 box reversal), the formation appears to have completed a Phase E Wyckoff Reaccumulation. If we look at the projected target price using the horizontal method, the projected price for the completion of Phase E would be (23 columns x 0.20 box size x 3 box reversal) + $65.20 = $79.00. The formation’s Buying Climax topped out at $77.80 at the time this article was published, so it appears all the cause built up to mark the price up has been used, and Litecoin should establish a new trade range and direction at this stage. The larger question is which direction is Litecoin likely to break? The weekly chart might help provide some insight.
Looking at the 1W chart (0.20 box size with a 5 box reversal), the formation appears to be at the tail end of a Phase B Wyckoff Accumulation. Typically, at the tail end of this stage, the formation tends to retest support (in this case the $46.40 price at the top of support) followed by a test of resistance (in this case the $60.40 price at the bottom of resistance) before entering into Phase C with the shakeout (forming the creek and spring) prior to markup. As this chart is a higher timeframe, consider this may take some time for the full breakdown to complete before the subsequent retest of resistance.
Always remember this is not trading advice.
Outside of that, Happy Trading.
LTC - Positive momentumLTC has been trading in a range with positive momentum over the past week. LTC trades below the $70-$72 resistance range and the $62.1-$64.3 support range. But if you pay attention to the chart, the trend was downward before entering the range area. Therefore, we can draw a downward trend line, and if this dynamic support breaks, we can receive a price reduction signal. Also, in the 4-hour time frame, double ceiling patterns are forming under the roof of this resistance, which will be confirmed if the trend line is broken.
More accurate linear support can be considered at the price of $67.5. We can consider this range almost as the midline of the channel range, which in case of collision, there is a possibility of reacting to this level for minor fluctuations. But in the bullish scenario, if the current resistance is broken by buying pressure and the price growth continues to the level of $73.6, we can consider the resistance broken, and after the pullback to this level, expect to continue the upward movement to the $77 range. to be