LTC Under Pressure 📉, 24H & 1-Week Horizons Cloudy ☁️Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Litecoin, Ethereum, Cardano, Uniswap, and Polkadot may come under pressure. Chainlink bucks this negative trend and has upside potential, according to ATTMO.
Over a one-week horizon, the bearish trend will continue to linger over the crypto universe, except for Bitcoin, Polygon, and Chainlink. Slightly bullish sun ☀️ will shine over this trio, indicating a possible upside in their prices.
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LTC
LTCUSDT at monthly support, likely to bounce soon.The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world.
Here are a few reasons why Litecoin might be considered an undervalued asset:
Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases.
Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments.
Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection.
Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features.
Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness.
Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions.
Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant.
Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward.
Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers.
Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts.
As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market.
What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below!
Always sincerely with You,
Yours, Kateryna💙💛
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of LTC in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally we can see that we are moving in a sideways trend channel.
Moving forward, we can move on to marking support areas when we return to the correction. And here you can see that the lower border of the channel is also a support zone lasting from $63.28 to $61.97, but when we fall lower, we still have support at $60.10, and then support at $57.69.
Looking the other way, we see that the price has reached an important resistance zone from $65.71 to $67.91, which it does not have the strength to break yet. However, if we manage to break out of this zone and the upper border of the channel, we still have strong resistance at $70.69.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move. On the STOCH indicator, we are exceeding the upper limit, which may end the current upward movement and translate into a price recovery, while on the RSI indicator, there is still room for the price to grow.
XDC Xinfin IS ABOUT TO RIP TO THE UPSIDEXDC Xinfin has been in this falling wedge bull flag pattern for a while and it broke out and is now holding above it. The RSI and the Stoch RSI is getting a fresh curl to the upside. I believe XDC is about to explode. I would say about $.06 then a correction and continuation to the upside after that. I believe XDC can get way past its all time high in this next run. If I take a measured move of the wedge/flag it would put XDC over a dollar. This is not financial advice this is just my opinion. Thank you
📈 Litecoin's Ascending Channel: A Sign of Strength 📈Litecoin, often referred to as "digital silver," has been quietly making waves in the cryptocurrency market. A compelling technical pattern has emerged, signaling the coin's strength and potential for a sustained bullish trend. Let's explore the concept of an ascending channel and what it suggests for Litecoin.
The Ascending Channel: A Bullish Structure
An ascending channel is a technical pattern characterized by a series of higher highs and higher lows.
It represents an upward trending channel where buyers consistently enter at higher price levels.
Litecoin's Strong Position: Riding the Channel
Litecoin's price action has been remarkably consistent within this ascending channel.
The channel's boundaries serve as support and resistance levels, providing clear trading signals.
The Significance: Strength and Potential
The presence of an ascending channel is often seen as a sign of strength.
It reflects a consistent balance between buyers and sellers favoring upward momentum.
Trading Strategy: Navigating Litecoin's Channel
For traders, an ascending channel provides valuable reference points.
Consider long positions near the channel's lower boundary and take profits as the price approaches the upper boundary.
Conclusion: Litecoin's Ascending Channel
Litecoin's ability to maintain this ascending channel is a promising sign for its future performance. However, always remember that the cryptocurrency market can be volatile. Stay informed, adapt your strategy, and manage risk wisely.
As Litecoin continues to ride this bullish structure, it demonstrates the resilience and potential for growth within the crypto space. 🚀📈🌟
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LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the LTC/USDT chart on a four-hour interval. As we can see, the price remains above the local upward trend line marked in yellow. At this point, it is also worth marking the first and currently second attempt to exit the moving average above 200, which indicates a return to the upward trend, but now the price must remain above the blue line.
When we unfold the FIb Retracement grid, we see the first support at the level of $66.24, then we can mark a strong support zone from $64.60 to $63.28, then support at the levels of $61.97, and then another support at the level of 60, $08.
Looking the other way, we immediately see that the price has been rejected from the strong resistance at $67.95, and when it overcomes it, it must face another strong resistance at $70.74 before further increases.
When we look at the CHOP index, we can see that the recovery affects the gathering of energy, the STOCH indicator shows that despite the decline, the recovery creates room for stronger upward price movements, while the RSI indicator has not reached the upper limit, which may indicate that the price will try to increase again when BTC will stay around $28,000.
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
📊 Comparing LTC | BTC Halving🔍 Litecoin Halving Recap:
Litecoin, often dubbed the "silver" to Bitcoin's "gold," had its halving event in the past. After Litecoin's halving, it's worth noting that the price experienced a notable dip, plummeting by approximately 70%. This dip left many investors wondering if the halving event was a disappointment.
💡 The Valuable Lesson:
So, what can we learn from Litecoin's post-halving price drop? Well, it's essential to understand that market reactions to halving events can be complex. In Litecoin's case, the immediate dip could be attributed to a phenomenon called "buy the rumor, sell the news." Essentially, some traders may have speculated on Litecoin's halving, driving up the price before the event, only to sell off once it happened.
💭 What It Means for Bitcoin:
Now, let's apply this lesson to Bitcoin. As we know, Bitcoin has a scheduled halving event that occurs approximately every four years. If we use Litecoin's experience as a reference point, we can anticipate that Bitcoin's price might experience fluctuations around its halving as well.
However, here's the key takeaway: the post-halving dip doesn't necessarily mean a long-term bearish trend. In fact, historical data shows that Bitcoin has consistently rebounded and experienced significant price rallies following its halving events.
🚀 Conclusion:
In the world of cryptocurrencies, historical patterns can offer valuable insights, but they should be viewed as guides rather than guarantees. Market dynamics can change, and various factors can influence price movements.
So, when it comes to Bitcoin and its upcoming halving events, it's crucial to stay informed, remain patient, and not be swayed by short-term fluctuations. Keep a long-term perspective, and remember that cryptocurrencies have shown remarkable resilience and growth over time.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
LTCUSDTThis is a 1D frame analysis for LTCUSDT After losing its previous support zone, the price was unable to start its upward movement and breached our first support line. Currently, the price is close to our first resistance line and we believe this could be a pullback for further downside to our second support line. However, if it can hold above our first resistance line, it could start its upward trend to our second resistance zone.
Ltc/usdt time frame : Daily
hello friends
I predict that we will see a decline in the price of most of the crypto market currencies in the future, which will bring them to their historical support levels.
Let's check the LTC daily time frame chart:
As previously discussed, I think we will see a price drop for Litecoin.
This price decline can be after a relatively strong upsurge to the $78 price range or by breaking the bottom of the triangle directly.
I think the first and second target is the price range of $37-47.
I am not a holder myself, but I think these ranges can be a good step for my friends who are holders to buy.
$REN looking great on the 1hr. REN is looking great on the 1hr chart. Peeking it’s head out the A-tri, would like to see a 1-4hr close above the trend line & preferably a backtest for confirmation
LTC halving- Litecoin (LTC) experiences intense volatility prior to its halving event.
- The halving event is expected to reduce the mining reward for LTC from 25 to 12.5 coins.
- Price fluctuations are observed as investors panic sell and others hold on to their positions.
- The trading range remains relatively tight during this period.
- Uncertainty surrounds the impact of the LTC halving, especially when compared to historical Bitcoin halvings.
- The halving event is scheduled to occur at 16:34 UTC today.
Litecoin (LTC) Technical Analysis: Long Term Target $1000 ?Litecoin (LTC) Technical Analysis: Navigating Short-Term Challenges for Long-Term Gains
Introduction:
Litecoin ( NYSE:LTC ) is currently trading at $65, and it's crucial to dissect its high-timeframe (HTF) chart to understand the potential short-term hurdles and long-term prospects. In this comprehensive technical analysis, we will explore what lies ahead for NYSE:LTC and identify strategic buying opportunities.
Short-Term Outlook:
While the current price of $65 suggests some short-term downside potential, there is a silver lining.
In the HTF chart, a strong support zone is emerging between $25 and $35. This presents an ideal accumulation zone for investors. If the price enters this range, it should not be overlooked as a buying opportunity.
Strategic Accumulation:
Timing the exact market bottom is challenging. Therefore, accumulating NYSE:LTC within this robust support zone offers a strategic advantage. This approach aims to capture potential gains as the cryptocurrency market evolves.
Future Targets:
Looking ahead to the next bull run, Litecoin has promising potential. With its focus on micro payments and a strong team, I anticipate price targets ranging from $500 to $1000 in the next bull market. However, this is a longer-term projection and should be approached with patience.
Critical Price Levels:
Resistance: $117/$376
Support: $50/$36/$25
In Conclusion:
Litecoin ( NYSE:LTC ) faces short-term challenges but holds immense long-term promise. The $25-$35 accumulation zone provides an enticing entry point for investors. While it's impossible to predict the exact market bottom, accumulating at strong support levels can prove rewarding. In the next bull run, NYSE:LTC could potentially reach impressive price targets.
Disclaimer:
This analysis reflects my personal opinion and should not be considered financial advice. Always conduct thorough research and consult with a financial advisor before investing in cryptocurrencies or any other assets.
BITFINEX:LTCUSD #Crypto #Litecoin
Litecoin: Short Signal Active.Litecoin is poised to test the low 60's over the coming week. My trade scanner has called a signal to go short from 64.90 with a stop at 66.25 and take profit at 62.90 approximately. This was shared yesterday around 6:30 PM EDT. These signals are private but I am sharing it here so that as a community we can evaluate the context and observe the outcome.
Having a tool like this makes it a LOT easier to compete in a highly random environment. Since it generates the signals for the same exact reasons every time, it removes a great amount of indecision and confusion on your part. You can focus more on the bigger picture like managing the trade.
So let's evaluate the context, and see if this signal is sensible. By the way, all you need to properly evaluate context are horizontal lines, and the ability to highlight price patterns by drawing squares, etc. If you are consuming charts polluted with colors, oscillators, cartoons, etc., you are being entertained, NOT properly informed. It's like eating pizza with vegetables on it and thinking it's "healthier" for you.
First is the broader trend. Is it bullish or bearish? Based on this chart, going back a number of months, the broader structure is bearish (lower highs, lower lows). As long as this structure stays intact, it is reasonable to expect resistances to hold and support to break.
The scanner signal is clearly in line with the broader trend. An advanced trader can use this fact to justify moving the take profit to an even lower price like 60 or maybe high 50's. Why? A lower low has a greater probability and that translates into greater profit potential.
Second, lets look at levels. Notice the two lower highs in recent weeks (blue arrows). They highlight the 70 whole number resistance area. If the trend is going to stay bearish, price should NOT compromise this resistance. Knowing this should help prevent you from getting long too soon, and from over reacting to any temporary noise (like a quick short squeeze).
One other consideration is inter market relationships: Bitcoin and economic environment. It is not necessary to look this far when it comes to short term momentum trades, but it certainly doesn't hurt. Bitcoin is the leader, not Litecoin. As long as Bitcoin continues to maintain a bearish bias, Litecoin is likely to follow. And on top of that, interest rates are pushing new highs. NOT a favorable sign for speculative assets like Bitcoin and alt coins.
Add all this up and the Litecoin short idea is sensible. This is what bolsters confidence when considering such trades. Being able to focus on these bigger picture elements is where the educational value is, not chartoons.
Some form of automation within your trade effort can change your outcome significantly especially for beginners. Worry less about getting the setup right and focus more on managing the outcome.
Thank you for considering my analysis and perspective. And if you liked this article, please let me know by pressing the boost button!
Opportunity for a swing trade might be arisingAfter a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The first price target would be at Resistance 2 and the second at Resistance 3.
Technical analysis gauge
Daily time frame = Neutral/Slightly bullish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
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(LTCUSDT chart)
(1D chart)
While trading futures, there are times when you need to check the big picture movements.
That's when a trade doesn't go well or when a big uptrend is expected.
Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point.
This roughly means that we need to consider whether we can hold it during the 52% uptrend.
Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend.
If you hold it, it is expected that you will have to overcome two major crises.
1st: 78.47
2nd: 90.43
We need to check whether the price will rise in the 1st and 2nd areas above.
(1h chart)
It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator.
However, now the HA-Low indicator has been touched again.
Therefore, we can see that we have reached a trend reversal section.
Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range.
If not, there is a high possibility that it will turn into a downward trend.
However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position.
If the price rises above 64.92 and holds, the target range is around 67.35-67.18.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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LTC/USDT Review ChartGoing further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying.
At this point, it is worth marking the first and current second attempt to return above ema cross 20o to the upward trend, which has been rejected at this time.
After unfolding the Trend Based Fib Extension tool, we can mark the first support zone from $64.86 to $62.94, then we can mark the second zone from $59.85 to $57.66, and then strong support at $54.84.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance zone from $66.70 to $69.17, only when it is broken we will see an attempt to attack the resistance at $72.30.
The CHOP index indicates that most of the energy has been used, on the RSI we approached the upper limit, to which the chart reacted with a price recovery, while the STOCH indicator indicates that currently the energy needs to recover before the price increases further.