Simple set-up for LTC Long if it breaks 107, short if it breaks 103, that's the simple set-up here. NFA
LTC
LTC, 100+ will come sooner than expected.Based on weekly data, LTC is already preparing for a new base support soon at $100 levels.
The current level at 80 level will be history soon. Massive accumulation has already been registered this past few days / weeks. And with halving coming nearer, expect price movement to be on the very generous side (upside).
A weekly trend line break has already materialized. Huge sign -- no doubt about it.
Spotted at 0.85
TAYOR.
Keep your eyes on the prize $140 #LTCFor starters
I believe any Red candles should be bought up
We are looking at a Four figure coin in the making
In the entire industry
I believe there are only 3
#BTC. ETH, #YFI
Rainy Outlook for LTC? 🌧️ Litecoin (ahead of its halving in less than a month’s time) faces cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. The same goes for XRP.
On the other hand, sunny weather ☀️ with a few scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
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Bitcoin LTF Technical AnalysisBitcoin LTF Overview
Overview:
Bitcoin is currently trading within a range of $30,000 to $31,200, with the chart indicating a focus within this range. A bull flag formation is observed in the 4-hour time frame, suggesting the potential for an upward breakout towards $36,000. However, it is important to consider a bearish scenario where Bitcoin breaks down below $30,000 and retests the $27,200 level.
Key Levels:
Support: $30,000
Resistance: $31,200
Trade Analysis:
Upside Breakout: If Bitcoin breaks above the $31,200 level, it may indicate a bullish continuation. In this case, the potential target would be around $36,000.
Downside Breakout: Conversely, if Bitcoin breaks below the $30,000 level, it could signify a bearish move. The next support level to watch would be around $27,200.
Please note that these levels are provided as general guidelines and should be evaluated in conjunction with other technical indicators, market sentiment, and risk management strategies.
CryptoPatel Recommendations:
Monitor Breakout: Keep a close eye on Bitcoin's price movement within the defined range and be prepared to act upon a breakout.
Risk Management: Implement appropriate risk management strategies, such as setting stop-loss orders or using trailing stops, to protect capital and limit potential losses.
Confirmation: Consider waiting for confirmation of a breakout or breakdown through additional technical indicators or chart patterns before entering a trade.
Stay Informed: Continuously follow market updates, news, and changes in market sentiment to stay informed about potential developments that may impact Bitcoin's price.
Litecoin presents an interesting setup After finding its low at $40.32 in June 2022, Litecoin rose over 160% within the span of a half-year. However, since the February 2023 high at $105.69, Litecoin’s price trend has been erratic. Litecoin has been oscillating between the two converging bounds, forming an interesting setup that caught our attention. For now, we would like to stay out of the market and observe the situation. Ideally, we would like to wait for the price to approach one of the boundaries of the formation and then assess the opportunity.
Illustration 1.01
Illustration 1.01 displays the daily chart of LTCUSD. Two converging lines can be seen forming a pattern that resembles a symmetrical triangle.
Technical analysis gauge
Daily time frame = Neutral
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.
Litecoin (LTCUSD) Short Term Support AreaLitecoin (LTCUSD) shows a bullish sequence from 6.14.2022 low favoring further upside. Short term, rally from 3.11.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 71.37. The crypto currency has extended higher again in wave 3. Up from wave 2, wave (i) ended at 78.43 and pullback in wave (ii) ended at 75.73. The crypto currency extends higher again in wave (iii) towards 88.79 and pullback in wave (iv) ended at 84.48. Final leg wave (v) ended at 93.80 which completed wave ((i)). Pullback in wave ((ii)) ended at 81.84 with internal subdivision as a zigzag Elliott Wave structure.
Down from wave ((i)), wave (a) ended at 86.48 and rally in wave (b) ended at 90.25. Wave (c) lower ended at 81.84 which completed wave ((ii)). Litecoin then turns higher in wave ((iii)). Up from wave ((ii)), wave i ended at 103, pullback in wave ii ended at 89.38. Wave iii higher ended at 111.22 and dips in wave iv ended at 102.74. Wave v higher ended at 114.92 which completed wave (i). Pullback in wave (ii) is in progress as a zigzag Elliott Wave structure. Down from wave (i), wave a ended at 105.1 and wave b rally ended at 109.69. Expect wave c lower to complete at 93.7 – 99.8 which should end wave (ii) in higher degree. As long as pivot at 81.84 low stays intact, expect buyers to appear at blue box of 93.7 -99.82 for further upside.
XRP's Forecast Stormy While LTC Gains Momentum? 🌧️ 🌞🚀 According to ATTMO, Litecoin and XRP are facing rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates.
However, ATTMO still forecasts sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon.
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I Think LTCUSDT is Still Very BulishPlease Be coution
Do Not Risk your entire Assets
put 80 % of your Assets just on #BTC and #ETH
The rest of it with coution on the AlTCOINS
Goodluck To You All
please comment me
LTC Gains Momentum 🌞🚀 XRP's Stormy Forecast 🌧️?The crypto summer shows no signs of abating any time soon ☀️, according to ATTMO. Sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon.
Litecoin and XRP buck this positive trend with rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates.
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LTCUSDTHello Crypto Lovers, This is a 1D frame analysis for LTCUSDT As you can see, the price has been able to move above the support line and has been able to establish itself above it. Currently, the price is below the resistance line and there is a possibility that the price will bounce back to the first support line and if it holds above it, it can start to move towards the resistance area again. However, if it fails to hold above the first support line, it may have the possibility of correcting to the second support area. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
LTCUSD has formed a higher 2nd inv h&s necklineWhich of course adds a second even higher breakout target than the 1st one. It just recently retested the line as support and has been bouncing up from the retest which is what I’ve been waiting for to ensure the neckline was a legitimate one. It’s breakout target is the green one. At $106 *not financial advice*
LTC 1DInterwal Rewiew - Long-TermI invite you to review the LTC chart on a single day interval. As we can see, the price stayed above the uptrend line, and including the corss 50 and 200 emas, we see confirmation of the uptrend.
Let's start by marking the support spots for the price and we see that first we have a support zone that starts at $97 and ends at $876, however if the price goes lower, the next very strong zone is from $68 to $56.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price bounced off a very strong resistance at $114, only when it breaks it and positively tests it will move towards the resistance at $134.
The CHOP index indicates that the energy has been consumed, the MACD indicates that the uptrend is maintained, while the RSI rebounded from the upper limit of the range, which confirms the initiated price correction.
Litecoin - $200 on the horizon: FRACTALHi Traders, Investors and Speculators of Charts📈📉
From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis :
By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. The fractal we're looking at in turquoise happened around the same resistance zone that we're currently facing. Three bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
✅ Bullish Technical Indicator CryptoCheck START v3.5
Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase.
Incase you missed it ! Here's yesterdays analysis on SOLUSDT :
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CryptoCheck
CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT.P BYBIT:LTCUSDT BITFINEX:LTCUSDLONGS COINBASE:LTCUSD BINANCE:LTCUSD BINANCE:LTCUSDT KUCOIN:LTCUSDT KRAKEN:LTCUSDT
PolkaDot Chart Analysis Polkadot Update
Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. MIL:DOT
The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8.
However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Litecoin begins to show strengthLitecoin begins to show strength before halving, which is expected in 31 days
LTC: Symmetrical Triangle BreakoutLitecoin (LTC) technical analysis:
Trade setup : Price is trading in a Symmetrical Triangle. Trend traders need to wait for a breakout. A bullish breakout could lead the price to revisit $105 resistance
Pattern : Symmetrical Triangle , which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal).
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke then $105.
#Litecoin Part 2 -- explosive move versus #silverWe have an upside #HVF for #LTC against #Si !!!
Watch this video to see what that ratio could be!
At some point we will see a precious metals bull market return with a fury
will investors favour the #digital #commodity instead?
#LTC - A breakout of the Final Corrective Triangle is PossibleCRYPTOCAP:LTC on its scheduled halving this year, is potentially to set and break a record new high after this triangle is completed and validated.
@marketpainterPH
#elliottwave
#LTClong
#buyLTC
LTC wants to follow in BCH footstepsLTC seems to be catching up to a major trend line forming off the previous cycle top.
I anticipated this being a major area of resistance for the original alternative coin.
Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels.
RSI is in the mid 70s, which is a common turning point in the price action.
Big spike in trading volume, with slight gradual gain in trading volume over the last few weeks.
If LTC wants to move like BCH did, my targets for the coin are as follows:
129.50
146.30
Keep an eye on LTC, it moved 30% in a single daily candle and may have more steam.
NFA
Do your own DD
Novice trader here!
Bitcoin's Battle between Bulls and Bears#bitcoin Update: Currently Trading at $30,500
Bitcoin ( CRYPTOCAP:BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins.
Key Levels to Watch:
- Support Area: $29,800
- Resistance Area: $31,000-$31,200
- Range Bound: $29,800-$31,200
Stay tuned for more updates as Bitcoin's price action unfolds!
$LTC has been leading Crypto AltcoinsStill have spot CRYPTOCAP:LTC & not selling this for some time.
This, besides CRYPTOCAP:SHIB , is going to be a long term hold.
IMO this is likely to climb the top 10 & get closer, maybe even leapfrog, $ADA.
CRYPTOCAP:MATIC had the crown for a long time but it faded a while ago. The #altcoin leader is #LTC now.
Will reconsider selling some @ ATH but this is gone. Nice breakout at major resistance.
#crypto #litecoin
The LTC/BCH Ratio Suggests BCH has Gone Too Far AheadBCH and LTC usually maintain a certain distance from each other, with LTC rising ahead over time. And now we have a situation in which BCH has risen very quickly and has begun to challenge that BCH/LTC relation. Now we have a situation in which BCH must either come down in a dramatic way or LTC must go up in order for the distance between the two to close again, and given the price action on the chart, I'm more inclined to believe that BCH will come back down towards the levels it was trading at a few weeks ago as the relative bullish volumes seem to be subsiding at the current level with some Bearish Divergence on both the MACD and RSI.
