Litecoin price analysis: LTC turns bearish, LTC/USD set to test Litecoin price analysis shows a bearish trend today. Litecoin’s current price is 104.37
Resistance has been tested at $110.1 but strong support lies at $100
Litecoin opened today’s daily chart with an increase of 5.69 percent, a bullish momentum. Litecoin price analysis in the last week has retraced to the $100 level. However, things turned bearish soon after as the prices dropped.
This week, Litecoin price analysis opened at the $95 level which is quickly closed with a 7 percent increase in just days. The current trend is still bearish and this week’s Litecoin news analysis may see LTC/USD testing the resistance at $150.The current resistance of Litecoin is at $108.03, a bullish trend line.
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Litecoin at $100LTCUSD - Intraday - We look to Buy at 100.55 (stop at 96.58)
We look to buy dips. The immediate bias is skewed to the downside but, with this move assessed as being corrective, we would prefer to buy into the dip. Previous support located at 100.00. We look for a temporary move higher. Trading close to the psychological 100.00 level.
Our profit targets will be 111.81 and 116.50
Resistance: 110.00 / 120.00 / 130.00
Support: 100.00 / 90.00 / 80.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin to Retest Key Level?LTCUSD - Intraday - We look to Sell at 119.84 (stop at 124.75)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 120.00. 20 1hour EMA is at 119.00. The trend of lower highs is located at 123.00. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our profit targets will be 106.40 and 102.40
Resistance: 120.00 / 130.00 / 135.00
Support: 105.00 / 100.00 / 95.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin to Retest Support? LTCUSD - Intraday - We look to Buy at 122.47 (stop at 117.34)
We look to buy dips. Choppy price action seen. Previous resistance located at 132.00. Buying continued from the 50% pullback level of 120.73. We look for a temporary move lower.
Our profit targets will be 141.06 and 145.15
Resistance: 132.00 / 142.00 / 150.00
Support: 125.00 / 120.00 / 115.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin at Resistance? LTCUSD - Intraday - We look to Sell at 133.65 (stop at 137.67)
Preferred trade is to sell into rallies. Choppy price action seen. Previous resistance located at 132.00. The trend of lower highs is located at 134.00. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our profit targets will be 121.67 and 112.00
Resistance: 132.00 / 142.00 / 150.00
Support: 125.00 / 120.00 / 115.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin: Ascending Triangle Break? LTCUSD - Intraday - We look to Buy a break of 143.42 (stop at 139.97)
A move through bespoke resistance at 142.00 and we look for extended gains. We look for gains to be extended today. Intraday signals are bullish. We are trading within a Bullish Ascending Triangle formation.
Our profit targets will be 153.22 and 159.62
Resistance: 142.00 / 150.00 / 155.00
Support: 133.00 / 125.00 / 120.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin at Resistance? LTCUSD - Intraday - We look to Sell at 142.41 (stop at 145.92)
Preferred trade is to sell into rallies. 50 1day EMA is at 142.00. Previous resistance located at 142.00. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 142.00, resulting in improved risk/reward.
Our profit targets will be 131.29 and 124.23
Resistance: 142.00 / 150.00 / 155.00
Support: 133.00 / 125.00 / 120.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin: Crypto to move Higher? LTCUSD - Intraday - We look to Buy a break of 117.20 (stop at 114.30)
A break of bespoke resistance at 117.00, and the move higher is already underway. The trend of higher lows is located at 105.00. Our short term bias remains positive. A move through 117.00 will confirm the bullish momentum.
Our profit targets will be 124.65 and 133.21
Resistance: 117.00 / 125.00 / 140.00
Support: 110.00 / 105.00 / 100.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin/USD (Daily)Bullish on Litecoin (and the altcoin market as a whole), anticipating the altcoin market taking off within 1-6 months. From a TA perspective there are several reasons while Litecoin is one of my favorite altcoin picks at the moment:
1) Within a falling wedge pattern
2) Bullish divergence
3) Sitting just above major support area (great RR opportunity)
4) Well below the ATH, and the 2017/18 high
Entry: $98-$110
Min targets: $225 (If bitcoin breaks through all retracement levels and goes on to make a new ATH)
$580 (If bitcoin retraces and then rolls over, resulting in a major alt season)
LTC 3D Pattern “Cup and Handle” finishes its formationFor a long time, 7 months we have not updated the idea for the pair LTCUSDT, because the previous idea was working perfectly and the "Cup with handle" pattern was formed.
Below you can see our thoughts about the prospects of the LTCUSD pair 7 months ago.
In April 2021 we wrote that it would be good to buy Lite in the area of $90-125 for the long term . And already on the May decline, the price low for LTC was $104 . That is, if you have listened to our thoughts and set up a few buy orders in this area, most of the orders would have been executed, and the investments would have shown +100-130% by now.
However, we should not get upset, perhaps the fate will give us one more chance to buy Litecoin long. Maybe, the price of LTCUSDT will go down to $160-170 once again , where the buyers should finally confirm their strength and serious intentions to continue growth.
The global aims for growth of LTCUSD price have not changed for 7 months; we have described them in our previous idea, and we will mention them again — they are $765-785.
There are good growth perspectives in LTCBTC as well, at least +150%, because the price is just trying to push back from the absolute bottom.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Litecoin: Buying the Retest of Support LTCUSD - Intraday - We look to Buy at 144.39 (stop at 140.30)
Preferred trade is to buy on dips. Previous support located at 145.00. The bias is still for higher levels and we look for any dips to be limited. Intraday signals are bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 145.00, resulting in improved risk/reward.
Our profit targets will be 158.85 and 163.30
Resistance: 155.00 / 160.00 / 165.00
Support: 145.00 / 140.00 / 135.00
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.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Why you should have a position in LTCUSD LTC has solid fundamentals and would function well in a crypto driven society
Especially in retail environments
As you can see price has returned from its peak to a low of about $40 during the bear cycle
Recently since the bull market has begun, price increased sharply up to ~300-400 and has slightly retraced, this is the first move, in a larger bull market.
Also based on where price is situated, and history showing previous highs acting as support levels.
Litecoin is one of the first coins I got into. Lets see how high it goes.
expecting >35% upside on Litecoin from current levelsHowdy folks, this is your captain speaking...
Taking into account historic runs to the over-200 price levels plus the recent dip into the sub-30 RSI levels - I have opened a short-medium term position in Litecoin at an average price of $148
Over the next few weeks I am expecting a bull run to the 200 levels once again
Price target for a 4-week positions is $205
Will be selling it then and waiting to buy more at the dip
Trade carefully folks, not financial advice- just my take. Follow for more!
Wanting FeedbackI’m new to crypto entirely so I just picked a big name and went with it. I’m completely novice to trading in general, wondering how else you would improve from a technical analysis stand point. I feel like I have a lot going on with the chart and colors, just trying to make things stand out, but I feel like it’s cluttered. Tips here would help too! Let me have it!
What I see is a stronger uptrend with some clear resistance being met at the 149 (.618 fib line) price point. It also has a descending flag going for it, and the pattern has repeated itself a few times. I would expect it to break through and hangout around the 150 area. I think 161 will be the next major resistance if it continues up.