Litecoin (LTC) formed a bullish Gartley for upto 34% moveHi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC) with US Dollar pair.
Previously I shared a long-term trade signal for LTC, which is still in play as below:
Now on a daily time frame, LTC is about to complete another bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
LTC
⚫ LTC usdt - Weekly ⚫🔵 #LTC usdt
⏰ 1W
⚪ As you can see, the price has broken dynamic resistance and static resistance.
If fixed above $100, $130 is available.
🔴 Support and resistance are shown in the chart.
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📛 Follow the market trend and decide to buy or sell.
⚠️ (This isn't a signal for buy or sell) ⚠️
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👸 Analyzed by : Parisa_Alipoor
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Litecoin to break the trend of higher lows?Litecoin - 24h expiry - We look to Sell a break of 90.68 (stop at 93.88)
Trend line support is located at 93.00.
Prices expected to stall near trend line support.
A break of the recent low at 90.85 should result in a further move lower.
The medium term bias is neutral.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 82.68 and 80.38
Resistance: 94.07 / 95.50 / 98.00
Support: 93.00 / 91.50 / 89.00
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LTC/USDT Review 4H Analysis Hello everyone, welcome to the LTC review on a four-hour interval. Currently, with the help of blue lines, we will mark the downtrend channel, from which the price is fighting for an upper exit.
Now let's move on to marking the support spots for the price and we see that the price is currently holding a very strong support at $94.76, however when it leaves the support below, we can see a drop to the second support at $82.24.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first resistance is at $99.53, then we have the second resistance at $104.49, and then price needs to break a strong resistance zone of $108 to $112.
The CHOP index indicates that most of the energy has been used, the MACD is struggling to return to the local uptrend, while the RSI is moving in the lower part of the range, which may also affect the reversal of the uptrend.
Litecoin LTCUSDT Price Analysis (4h)Greetings, fellow traders and investors of @TradingView 📈🚀
Let's delve into the analysis of Litecoin (LTC) and explore its recent price action on the rising trend. 📊✨
Over the past 30-day period, Litecoin has displayed a consistent upward movement, indicating a well-defined rising trend. Upon closer examination, we can observe the formation of an Elliott Wave pattern, specifically the 1-2-3-4-5 wave structure. This pattern suggests a completed impulse wave and indicates a potential period of consolidation for Litecoin.
🔍 It is crucial to understand the Elliott Wave theory and its application in technical analysis to grasp the potential implications of this pattern fully. Further insights can be found in comprehensive book Elliott Wave Principle: Key to Market Behavior by Robert R Prechter.
👀 As Litecoin enters the consolidation phase, we anticipate a potential pullback towards the support zone in the range of $85 to $90. This area is a critical level where historical price action suggests strong buying interest and the potential for a rebound to the upside.
📉 However, it is essential to approach trading and investment decisions with caution. Market conditions can be dynamic and subject to unexpected changes. Setting appropriate stop-loss order and employing risk management is crucial to protect capital effectively.
📚👩🏫👨🏫 Stay informed and up to date with the latest market analysis and trading strategies by exploring our comprehensive resources on various trading concepts and techniques:
LTCUSDT Rallies 38%, PULLBACK LikelyHi Traders, Investors and Speculators of Charts📈📉
We are seeing a correction on LTCUSDT after a 38% increase and it's time to secure those profits!
LTCUSD is likely to correct to the next immediate support zone where you can either
💥take a swing trade and short, or
💥 wait and accumulate more at the demand zone back in the $90's
Previous Litcoin Update :
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LITECOIN: Entering the Halving Cycle First 🌓 (Part 2)Best trade are the high leveraged ones that we manage to keep open and then forget about.
Just hit second target for LTC and a breakout has taken place..lovely volatile day!
Why Pump?
For the same reasons we mentioned last time..read the title:
part 1:
Litecoin Halving Is Just Around The Corner
Here’s the deal with the halving. Miners in the network get rewarded with Litecoin for producing blocks. At the beginning, it was 50 LTC per block. But every 4 years or so (around 840,000 blocks), that reward gets cut in half. Currently at 12.5 LTC, it will drop to 6.25 LTC after the August 2023 halving.
Like Bitcoin, Litecoin was designed to be deflationary, like gold or silver. As time goes on, the number of LTC mined decreases, making them scarcer. The cool thing is that Litecoin’s issuance is predictable. We know the total supply (84 million), block time (2.5 minutes), halving schedule (every 840,000 blocks) and thus the end date of the issuance of new coins (around 2142). The network controls issuance through consensus.
One Love,
The FXPROFESSOR 🌓
Link: bitcoinist.com
LTCUSDT, Multi timeframe analysis to invest📈 LitecoinHello guys. Everything is explained on the chart for you like always, After decreasing phase, the price is in the accumulation phase and the ascending phase is starting specially with Halving in August. So we have a good point to buy as a investment, You can consider it and monitor the price's actions in the circle to buy it.
Observe the capital management and stop loss for any unforeseen event in the market.
Good luck
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Write your comment and opinion below for me
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Salam doostan aziz, hame chiz rooye chart moshakhas shode be dide sarmaye gozari boland modat baraye harkat soodi movaghate market. gheymat baad az faaz nazooli varede faaze anbaasht shodeh va faaze soodi dar haale shoro kardan hast bekhosoos ba Halving dar mahe August. pas ma noghte kharide khoobi ro darim. raftar gheymat dar dayere ro darnazar begirid. lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid.
moafagh bashid.
like va follow faramoosh nashe :)
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.
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.
Follow us for more crypto weather reports!
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.
Follow us for more crypto weather reports!