LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market.
LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day.
This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00.
As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold.
the index is tracking at 18.21, its weakest point since November 2018.
The price has since moved away from earlier lows and is currently trading at 64.80.
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LTC
LTCUSDT support and resistances for high time frame tradesThe price hit the monthly support MS1 and bounced from there. It is currently trading above the monthly support MS1 and currently consolidating in price range around 64. This is kind of no trade zone for high time frame. All the high time frame resistances and supports are marked on the chart. A long is favorable if the price taps into the monthly support MS1 again. On the resistance side, first it will face 4h resistance 4HR1 around 73.5-75.5. That will be a level to short but not the best one. Next resistance level is daily resistance DR1 around 81.5-84 which is a better level to go short. Above that there is a weekly resistance level WR1 sitting around 91-94 offering the best shorting or offloading any long. For short term trade opportunities, we should look at lower time frame charts. If requested, I will look at low timeframe trade setups and share in a separate post.
LTC around 25USD?I hope I'm wrong, dropped out of the triangle and top 3 times before. This is not entirely positive for LTC.
Also, the existence of other cryptocurrencies with similar or better properties (XRP ?) may affect the demand and value of LTC. Competition in the cryptocurrency space is very strong, so it is important to monitor the innovation and development of competing projects.
A Deep Dive into LTCUSDT Price Floor💎In our recent analysis of #LTCUSDT, we noticed a daily break surpassing the resistance, signaling the first bullish nod. However, post-breakout, a steady decline in price emerged, prompting us to question the validity of the uptrend. Let's delve deeper into this correction to gauge #Litecoin's potential upside.
💎Initially, the price rebounded impressively from the 23.6% Fibonacci resistance at $104.47, when marking the first pullback of the downturn. Since then, a descending wedge pattern has been forming on the daily chart. The real intrigue unfolded recently when the price touched the 241.4% Fibonacci retracement level and bounced back sharply. Concurrently, #LTCUSDT tested the wedge's lower boundary, and the MACD oscillator showcased a bullish divergence.
💎These signs strongly hint that #LTC might have located its bottom and is gearing up for a potential long-term bullish journey. Yet, for our astute Paradisers, diving in now might be premature as the price is still encapsulated within the wedge. A definitive bullish confirmation would be a breach above the downtrend trendline, likely igniting significant buying activity.
💎Currently, the ParadiseTeam is meticulously observing the demand zone between the psychological threshold of $70 and the $72.5 Fibonacci support. If this zone remains resilient, the bulls might gear up for some exhilarating moves, and rest assured, we'll be right there with you. Stay alert, Ladies and Gentlemen of ParadiseClub!
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin.
Rsi trend has bottomed along with the price action within this wedge.
RSI is showing bullish divergence over the last several weeks.
Volume has been flat or declining in this wedge, often a reversal signal.
This could be as much as a 30% move up to the next resistance area.
This is the product of two potential outcomes.
1. BTC declines while LTC remains flat.
2. LTC gains while BTC price remains flat.
LTC/USDT Big Movement Incoming ?? Litecoin Today Analysis💎Hello Paradisers, here's a token to keep on your radar!
💎LTC might be gearing up for a retest around the $81 mark before potentially diving further and breaking its demand zone. This area isn't just a demand spot for LTC but also a bullish channel's support.
💎However, the key is to observe the daily candle close. If LTC concludes its daily trade beneath the bullish channel's support, it might swiftly descend, shattering the demand and heading toward the Bullish OB.
💎It's essential to note Bitcoin's influence on altcoins. Currently, BTC seems poised to dip towards the FWB:27K -$28k bracket, coupled with a rise in BTC dominance.
💎This isn't a great moment for altcoins. When BTC drops and its dominance surges, altcoins typically face a downturn.
💎My advice? Exercise patience and await clear signals. However, if LTC manages to hold its ground within the demand and bullish channel support, consider a buy-only post-LTC's breach of the Lower high at $85.5 and a subsequent close above it.
A big breakdown looming?Litecoin is again catching our attention as it is approaching the lower bound of the pattern we introduced in late June 2023. If the price breaks below the lower bound, it will be bearish for LTCUSD in the short term, and we could see a further breakdown in the price. In such a scenario, we would not be surprised to see it drop below $70. As a result, we are on high alert.
Technical analysis gauge
Daily time frame = Bearish
Weekly time frame = Slightly 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.
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.
LUNC USDT Luna Classic BEWARE OF RISING WEDGE BREAK DOWN LIKELY Luna Classic has been losing steam and interest over these last few months. Its been in the rising wedge pattern which is typically a bearish pattern and a continuation of the downside. LUNC utility and security is just not there, the price was blowing up because of all the hype and thats all. Hype is dying down as well as the volume at an all time low. I hope for LUNC holder that this scenario will not happen but I believe that LUNC is about to fall off the map. If Bitcoin starts its parabolic rise there may be a small bounce in LUNC but it will be erased quickly and people will sell to get into other assets in the crypto market that actually have utility and security. LUNC died back when it went from $100 to under a penny. That was it, its never going to get to the targets people were saying, $1, $.10, $.01. The market cap is already way to high for what LUNC is. I used to believe the hype myself until I realized that this thing is dead. I took profits and put them into other projects that are actually working on utility and safety. I wish all LUNC holders the best of luck but the chart looks horrible and its about to break this rising wedge and tank to the downside. This is not financial advice this is just my opinion. Thank you
Litecoin Macro outlook vs USDI've been seeing lots of LTC, hopium bullish into the halving, tweets.
Well, the reality is that when the 12 and 21 EMAs cross to the downside on the weekly chart, it tends to be very bearish for Litecoin.
Arrows are presenting those crosses, and you can see the downside that happens after the crosses happen.
On average, the downside is 58%.
That would mean that Litecoin could bottom somewhere around $25-35, if the cross happens.
Usually, Litecoin's pre-halving pump tends to be over 3–4 months before the halving(the halving is happening in August), which is another indicator that LTC topped.
But there will be sunshine after the rain.
Those lows would mean that LTC hit the generational bottom, and at the same time, the BTC pre halving hype will start.
That is when Litecoin and Bitcoin tend to proceed into a multiyear bull market, which will be led by Litecoin.
Follow, like the idea and feel free to leave a comment.
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LTC : Likely Repeating 2020 Fractal 📈Hi Traders, Investors and Speculators of Charts📈📉
LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves.
We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally.
While you're here 👋 Check out this idea on CRV :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
LTC/USDT 1D Review Chart Hello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel where the price is moving in the lower range.
Moving on, we can move on to marking support areas when the correction begins to deepen. And here in the first place we have a support zone from $77 to $69, then we can see a drop to the second very strong support zone from $56 to $40.
Looking the other way, we see that the price first has to break the resistance at $87.31, then we have a strong support zone from $98 to $114, once we break it we will move towards the resistance at $134.
Please look at the CHOP index which shows that most of the energy has been used, on the RSI we have a rebound and we are moving in the lower part of the range, however on the STOCH indicator we can see that most of the energy has been used which may stop the current correction.
update LTC I'm doing some tests with a new indicator.
In the case of LTC it is indicating a local top at 91.00 and a bottom close to 65.40, let's follow, I am testing the new indicator that I developed within the global markets index and I have obtained many positive results.
Follow me and share with a friend to encourage me to make the bookmark available to you in the future.
LTCUSDTThis is a 1D frame analysis for LTCUSDT After reaching the third resistance zone, the price was unable to sustain above it and started to decline. We are currently seeing the price fluctuating around the support zone and expect it to break the first resistance line and move to the next resistance zone. Be aware that if the price fails to move above the first resistance line, we should expect it to move to the next support line. However, if it is able to sustain above the resistance line, we can run a flag pattern. We can see a positive outlook in this timeframe.
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC.
Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward.
Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario.
However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price.
We described more about the LTCUSD price movement after the halving here:
Therefore, we have a critical level of $79.
If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56.
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1D: $DOT; AMAZING VALUE- PatienceMIL:DOT
If this isn't value i dont know what is. Retracing nearly ..... 100%!! as it just sleeps and sleeps until one day, DOT has RISEN. These plays are what makes your life change IF one can wait. If there is new people here, trust me when I say this..... DON'T be scared and FOOLED by the masses. They wan't you to think and somber about how crypto is dead and will never come back. Those same people are the ones massing mega bags at the darkest depths of the market.
Don't let FEAR and MANIPULATION take over your mind. We know what market's do and what history shows us. Look LEFT! Do you see a common theme?
Been there before and we rise once again!
weeeeeeeeeeeeeeee
45m: $LTC - Beautiful; Trendline BustedHey y'all. Lets just appreciate how beautiful LTC looks this fine Saturday.... ;)
Jokes aside, LTC can busted through the local trendline on the 45min time-frame and is now breaking above the local demand line and is getting some nice follow through from the bullish divergence i.e the RSI.
LTC is looking pretty good compared to some of the other coins and its price movement/structure is a lot more appealing when trying to size up the asset and make a better judgment on where she might go.
However, we must get confirmation via a backtest of the local demand line in order to feel a lot more confident IF one was going to put in a position.
These are just my opinions and me just charting pretty things on a saturday night.... ;)
Later traders
/r
-B
LTC/USDT possible Scenarios? 👀 Litecoin Today Analysis💎 LTC is making some intriguing moves. We've observed that it has effectively mitigated the previous Order Block (OB) and, in response, embarked on a downward journey.
💎 Currently, the price seems likely to continue its downward trend, as we have an OB at $81.59. LTC might initiate a bullish move from this point.
💎 Another factor to consider is that if the price fails to take a bullish turn from the $81.59 level, it could re-enter the supply area again at $70.82.
💎 The $70.82 level is of utmost importance because there's no more liquidity beyond that point. A bounce back from this area could set the stage for a bullish move.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Litecoin may lose more valueLitecoin may see further downward pressure in the coming days if it breaks the yellow resistance line which has been hit many times before, also currently the US stock market is selling off so big players might sell cryptos to have more liquidity, cover the margin call, or ......
This chart is COINBASE:LTCEUR but also you can draw the same line for $LTCUSD.
What is the adage? Don't try to catch a falling banana or cat or something whatever.
I am not short but I'll wait to buy back at a lower price.
#LTC/USDT 1D (ByBit) Symmetrical triangle breakout and retestLitecoin is pulling back to 100MA support when it seems likely to bounce and resume bullish.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.4X)
Amount: 5.0%
Current Price:
93.07
Entry Zone:
92.71 - 88.49
Take-Profit Targets:
1) 103.31
2) 112.87
3) 122.44
Stop Targets:
1) 79.97
Published By: @Zblaba
CRYPTOCAP:LTC #LTCUSDT #Litecoin #PoW #Halving
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
litecoin.org
LTC: Support BreakoutLitecoin (LTC) technical analysis:
Trade setup: Following a breakout from a Symmetrical Triangle, price reached $115 resistance where it got rejected. Now it’s broken back below 200-day Moving Average (~$90), which puts the uptrend at risk. We need to see the price regain that level to signal uptrend resumption, with upside to $115.
Trend: Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $90, which it broke, then $80. The nearest Resistance Zone is $105, then $115.