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
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Litecoinusd
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 $77 range. to be
Litecoin in Redistribution?As this is something we've discussed live extensively during streams, I wanted to take a moment to outline a "live" setup for Wyckoff Redistribution. In this instance, the target is Litecoin ($LTC). First let's discuss what Wyckoff Redistribution actually is, starting with a link to the pattern itself .
Wyckoff Redistribution is a way to truly make sense of what's happening with particular assets. As many already know, trading is hard! What makes it especially hard is the trickiness that happens so tricky. Many times our emotions will tell us to "buy" or that things "FEEL bullish" right before a big selloff. Viewing things in the context of Wyckoff helps us strip away the constant smoke & mirrors & determine what's truly going on.
Here are the key steps & triggers as I see them (Note: ORDER MATTERS):
1) Identify a sustained downtrend (usually -30% or greater)
2) Identify a period of time where price appears to go sideways on the macro time frame (daily candles, with downtrend and sideways each lasting months)
3) Identify the formation of key horizontal(s) where price keeps selling off consistently (short stops & long triggers are being built here).
* This is often the trade range highs.
4) Identify a LACK of lows being run.
* Running the lows is a BULLISH indicator, whereas NOT running lows is BEARISH. Redistribution is BEARISH.
5) After sustained consolidation, watch for the before mentioned horizontals to be BROKEN.
* This is what gets shorts to close and longs to pile on, as a trick.
6) After the breakout, watch for price to close BACK under the key horizontal identified previously.
* Breaking back into the range, rather than consolidating at the highs, is a key difference between the UTAD of Wyckoff Redistribution & the "SOS" consolidation of Wyckoff Acummulation.
7) At this point, your sell/short entries trigger & the anticipated price drop is from the failed breakout horizontal down to the range lows.
* The stops here would be back above the range highs
8) After this move, the market often rallies off the lows in some bearish form (dead cat, Rising Wedge, H&S, etc) where it then falls below the range lows as it heads downward toward its next target.
This concludes the lesson on trading Wyckoff Redistribution. If you have any questions or suggestions, feel free to reach out to me via socials. GL
LTCUSD Potential for a 25% ShortWith a descending triangle closing up on Litecoin, a Short signal produced from Crypto Tipster v2, and a current price trading slightly higher than the nearest support, it's looking likely there could be a potential drop coming for LTCUSD.
The nearest support being around 25% lower than the current price this could a great opportunity to grab yourself some easy gains. We'd probably set our stop just above the current downward trend line to ensure minial losses if the price did move against us.
FRACTAL: LTC Litecoin LOVES Decembers ⬆Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Historically, December is a bullish month for Litecoin, with the price often going parabolic and increasing more than 100 % ! Previously, 4 out of 5 Decembers, the price of LTCUSDT has increased exponentially. A quick look at a fractal that played out during 2020 from this exact support zone that we are currently trading on ($68) shows a whopping 168% increase.
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LTC.D - Litecoin Dominance Goes WildLitecoin dominance was in a degenerative state since 2019. A strong reversal move has emerged with a 70% gain in a very short time. This is unusual for a dominance chart.
The bars pattern placed just is a punt showing a recovery of the highs of dominance for LTC.
Litecoin is a great long choice based on this chart and other charts linked below
LTCUSD Climbs into Weekly Channel Litecoin has seen a early move with price climbing into the midst of the Gaussian Channel on this Weekly timeframe
This allows price to form a strong wick/candle at the bottom of the channel as price continues to move upwards
Ridiculously good buy when considering the Monthly of this chart aswell
Litecoin (LTCUSD): Important Breakout & Bullish Continuation
Litecoin broke and closed above a major horizontal supply cluster.
The broken structure turned into a demand zone.
Probabilities are high that the coin will keep growing.
Next resistance - 91.0
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LTCUSDT Forming Flag Pattern!!LTCUSDT (4h Chart) Technical analysis
LTCUSDT (4h Chart) Currently trading at $76.4
Buy level: Buy after breakout
Stop loss: Below $70
TP1: $79
TP2: $84
TP3: $90
TP4: $100
Max Leverage 3x
Always keep Stop loss
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LTC Elliott Wave count 1W TFI dont think Litecoin ended his correction from the macro view and will turn to the downside soon!
The corrective pattern that I am watching for Litecoin is a wave 2 flat starting from december 2017.
Recently move to the upside may be a 4th wave from an impulse C wave that forms flat pattern.
Also this 4th wave may go to 102 before turns down to end this flat C wave.
Buying Litecoin lows.Litecoin - Intraday - We look to Buy at 50.51 (stop at 49.58)
With signals for sentiment at oversold extremes, the dip could not be extended.
We look for a temporary move lower.
We look to buy dips.
Bespoke support is located at 50.50.
Our profit targets will be 52.98 and 53.48
Resistance: 53.00 / 54.00 / 55.00
Support: 51.50 / 50.50 / 50.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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LTCUSD - RSI Indicating ReversalRSI has reached its bottom point
Price will likely pose a reversal
I have a feeling that the reversal we will see will be a lot different to the previous two rallies that I have charted (300%,400%). With a bigger breakout being on the horizon.
Linking some relevant ideas below