Get started

LTC

Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go. When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened. In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas. The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days. Thanks for watching, support for more market insight and all the best! The market-conditions are often the real source of truth. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
5
"Litecoin: Major Opportunity as Bullish Momentum Builds"Litecoin: Navigating a Major Buy or Sell Opportunity as Bullish Momentum Builds Litecoin, often dubbed the "silver to Bitcoin's gold," is currently at a critical juncture in its price action, presenting traders and investors with a significant buy or sell opportunity. Over the past six years, the market for Litecoin has been characterized by corrections, but each multi-year low has consistently formed a higher low, establishing a robust support level. This pattern of higher lows underscores the resilience of Litecoin's market structure and suggests accumulating buying pressure at key levels. Now, as Litecoin approaches a pivotal moment, all eyes are on whether it will break out to the upside, surpassing the multi-year resistance level marked in red on the chart. A breakout above this critical resistance level could signal the start of a bullish trend reversal and potentially ignite a sustained bull run. With Litecoin poised to challenge all-time highs, investors are closely monitoring the current pennant formation, marked by the black triangle on the chart, for clues about the coin's next move. The pennant formation is a technical pattern characterized by converging trend lines, signaling a period of consolidation before a potential continuation of the prior trend. In the case of Litecoin, this consolidation phase could be setting the stage for a decisive breakout, either to the upside or downside. For traders assessing this buy or sell opportunity, it's essential to consider the broader market context and key technical indicators. The pattern of higher lows provides a strong foundation of support, while the multi-year resistance level represents a significant hurdle for Litecoin's bullish aspirations. As Litecoin navigates this critical juncture, investors must exercise caution and closely monitor price action for signs of a breakout. Whether Litecoin breaks out to the upside and embarks on a bull run or faces rejection at the multi-year resistance level remains to be seen. Nonetheless, the current pennant formation presents a compelling opportunity for traders to capitalize on Litecoin's next major move in the cryptocurrency market.
COINBASE:LTCUSD
by UnknownUnicorn2319099
LTC Litecoin Price TargetAfter LTC reached its last price target: With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for LTC Litecoin is the next resistance, $75.75.
Long
by TopgOptions
"Analyzing Long-Term Support of LTC to Identify Opportunities"COINBASE:LTCUSD is currently trading above a significant long-term support level that has held for 1890 days, as evident from historical price interactions. This support has consistently resulted in a bounce for LTC whenever the price approaches it. While we anticipate another bounce, it is prudent to acknowledge the possibility of a breakdown. Fortunately, the risk associated with this trade is minimal due to a short stop-loss (SL). The trade appears favorable with a low risk and a potentially high reward. Turning our attention back to the chart, the symmetrical triangle pattern observed indicates similarities with a previous breakout, leading to a substantial 500% increase. The formation of a similar pattern now suggests the potential for another breakout, which could lead to a significant upward movement. Noteworthy resistance levels during this anticipated movement include $79, $135, and the all-time high (ATH). It is imperative to emphasize that this analysis is not financial advice. Investors are strongly encouraged to conduct their own research (DYOR) and base their decisions on individual risk tolerance and market comprehension.
Long
by CRYPTOMOJO_TA
2
LTC - THIS INDICATOR says SELL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) only AFTER the BTC halving, which is set to happen in April. So far, we've seen a correction / pullback across all crypto's. BTC corrected from 48k to 41K and now hovering around FWB:42K where it has found support. But across most altcoins, the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts. The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over. For the short term though as pointed out, I'm expecting LTC to trade range or perhaps even slightly lower. This is a great re-accumulation zone, incase you missed the first one. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the market s. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD
Short
by CryptoCheck-
4
Price ReactionsThe trend for Litecoin on a weekly timeframe is downward. A descending trendline has been established, and due to the recent lag in growth, the price has revisited the descending trendline area, resulting in a decline. The orange support box at the Fibonacci 0 level is identified as a crucial support area, which has repeatedly influenced price reactions. At present, it is anticipated that the price will fluctuate between the established support box and the descending trendline. A breach in price on either side could significantly impact the overall price direction.
by MonoCoinSignal
1
BTC futures dictate price, people still don't get itSince the price action reversal on CRYPTOCAP:BTC it has been struggling. (also sold CRYPTOCAP:ETH & CRYPTOCAP:LTC few days later) There is way too much positivity in this space for what's happening. #bitcoin is at the top portion of the gap, but may not hold and will likely fill & trade lower. We have been huge proponents of using futures data vs spot #BTC If you only use spot CRYPTOCAP:BTC you're at a disadvantage RSI looks similar but look @ $ flow Futures #BTC showed cracks in mid/late December #Bitcoin Fibonacci 50% from RECENT trend low = 37k 50% from 12/22 low = 32
INDEX:BTCUSD
by ROYAL_OAK_INC
1
How to use Anchored VWAP There's considerable confusion about the practical use of anchored VWAPs. Personally, I leverage them as genuine resistance/support lines due to their integration of volume. Consider the 2021 LTC top around 397 USD, often perceived as the resistance line prompting many to exit. However, in my Anchored VWAP trading approach, the true resistance stands at 136 USD. A sustained break and successful retest of this updated line indicate potential for prices surpassing the 2021 highs. Likewise, the 2022 bottom at 43 USD served as support or resistance in various periods, now residing near 75 USD. From my perspective, the current LTC price seems below the prior 2022 lows, suggesting bearish control. I recommend NOT A BUY until we securely close above this price resistance. Follow for more!
BINANCE:LTCUSDEducation
by DEFI-trader
LTC, giving us a chance to be a passenger on FLIGHT of the year!LTC is currently at correction phase -- and we all know this is a 'back to tarmac event' -- a chance for passengers to be in before the anticipated FLIGHT. Current pricing will be archived soon -- and a new 3-digit pricing will be in play. WEEKLY DATA is firm as it was before -- PRICE GROWTH imminent. 48 DAYS TO GO BEFORE HALVING. Days are getting shorter. Net buy positions keeps piling up at the 80-90 price levels. No instructions needed, you know what to do. Spotted at 88.0 TAYOR. Safeguard capital always.
Long
by JSAL
4
Seizing Opportunities: Analyzing LTC's Long-Term Support!LTC is currently trading above a significant long-term support level that has held for 1862 days, as evident from historical price interactions. This support has consistently resulted in a bounce for LTC whenever the price approaches it. While we anticipate another bounce, it is prudent to acknowledge the possibility of a breakdown. Fortunately, the risk associated with this trade is minimal due to a short stop-loss (SL). The trade appears favorable with a low risk and a potentially high reward. Turning our attention back to the chart, the symmetrical triangle pattern observed indicates similarities with a previous breakout, leading to a substantial 500% increase. The formation of a similar pattern now suggests the potential for another breakout, which could lead to a significant upward movement. Noteworthy resistance levels during this anticipated movement include $79, $135, and the all-time high (ATH). It is imperative to emphasize that this analysis is not financial advice. Investors are strongly encouraged to conduct their own research (DYOR) and base their decisions on individual risk tolerance and market comprehension.
Long
by CRYPTOMOJO_TA
1
DOGE RUN IS OVER! TAKE PROFITS OR HOLD YOUR BAGS TILL 2025!Its clear that the doge run is pretty much over. DOGE is headed back down to $.05 and possibly lower over the next few years to maybe below 1 cent, till the next potential crypto run around 2025. These little pumps from Elon and friends is all just a joke so they can empty their bags and have the liquidity to do it while everyone else is buying in to these hypes. I said this weeks ago if you look at my other chart that this thing needs years to consolidate and correct. It outpaced the market in its run and went straight up and in this market anything that goes straight up comes straight down. Also there is no use case and DOGE is not being used, this is all a hype run and a get rich quick pump and dump. Once the rest of the market starts the next run up DOGE may have a bounce but only in dollar value as everything is pegged to Bitcoin but its BTC/DOGE ration will fall. If you believe in the tech then hold your bags and stop looking at the price. If you are just trying to make some money then this may be the time to get out and take profits if you haven't already or cut your losses if you bought in at the top. Good Luck. If you have any questions or just appreciate this idea then leave me a comment. Follow me for frequent updates as well and if you have a chart you would like me to look at then let me know. Thank you all and good luck. NOT FINANCIAL OR TRADING ADVICE JUST MY OPINION.
BITTREX:DOGEUSDShort
by Bitgolder
45