LTC/USDT 1DAY UPDATE !!Welcome to this quick LTC/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Litecoin (LTC) also moved higher in today’s session, with price climbing by as much as 7%.
Following a low of 81.75 on Sunday, LTC/USD raced to an intraday high of 87.54 earlier in the day.
This jump resulted in the token reaching its highest point since March 6, which is the last time LTC was trading close to the 90.00 mark.
a breakout of the RSI has also occurred here, with a ceiling at 51.00 being broken.
price strength is now at the 54.15 mark, with the next visible point of resistance being 58.00.
There is a strong possibility that litcoin could move above 90.00 in the coming days.
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LTC
LTC: Approaching SupportLitecoin (LTC) technical analysis:
Trade setup : Price got rejected again (3x) at $100-$105 resistance zone and pulled back to $80 support and 200-day moving average. So far it appears to be holding that level and could swing back up to $100 again. Hype around LTC-20 (Ordinals) has driven Litecoin transactions up 500% in one week to an all-time high.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, then $105.
🔥 Litecoin Bullish Triangle: Support Held!Litecoin has been in a long-term bullish trend since the FTX drop back in November of last year. As seen on the chart, there's a strong diagonal support which keeps on holding and sending LTC upwards.
After the big drop a couple of days ago, the support has yet again not failed us. With a bullish reaction to the CPI I'm looking for a move towards the top resistance of the bullish triangle.
Too early to say whether we're going to break out from it. All we can see is that LTC looks like a decent shot for a long-position.
Litecoin - Scenarios To Watch 👀What's up, traders! In today's market breakdown, we're mapping out our latest levels to watch for on the Litecoin 1H chart.
Let's dive right in...
Ticker: LTCUSDT
Date: 05/12/23
Timeframe: 1H
Supply: 83.82-85.24 (1st red zone), 89.07-89.86 (2nd red zone)
Key zone: 81.41-82.00 (grey zone)
Demand: 75.18-77.74 (green zone), 65-67.58 (green zone)
Commentary:
LTCUSDT seems to be one of the few cryptos that have established a low on this move down and continues to respect demand down at these lows. This means it could be one of the tickers to play now that we have established new demand and supply levels.
Currently it seems to be respecting this ~82 level grey zone as supply but if this 75.18-77.74 demand holds up it is only a matter of time that this zone gets broken. There are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~75.18-77.74 and buyers to emerge again for an upside move, possibly into ~81.41-82 key zone or higher into supply at ~83.82-85.24. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price break above ~81.41-82 key (grey) zone, pull back to retest this zone and turn it into demand to catch a break and retest for a further upside move, potentially into supply at ~83.82-85.24.
✅ Bullish Scenario 3: you want to see price rally and break both this key (grey) zone and supply level at ~83.82-85.24, pull back to retest ~83.82-85.24 zone and turn it into demand to catch a break and retest for a further upside move potentially into next supply at ~89.07-89.86.
🟥 Bearish Scenario 1: you want to see price approach this key (grey) zone at ~81.41-82, sellers to regain control as they have done since Wednesday this week, and possibly catch a retest of this zone into demand at ~75.18-77.74 again. This will be the safer downside play if it sets up soon.
🟥 Bearish Scenario 2: you want to see approach supply at ~83.82-85.24, show weakness, possibly retest this zone and reject again for a move down into the grey zone or further down into demand.
🟥 Bearish Scenario 3: you want to see price break below demand at ~75.18-77.74, pull back up to retest and turn this zone into supply for further downside into March lows. There is a demand zone at ~65-67.58 so be cautious of that.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
Will Litecoin price move up as Bitcoin exchange fees rise?Will Litecoin price move up as Bitcoin exchange fees rise?
As the Bitcoin blockchain announces a new token standard of BRC-20, it seems that the blockchain fees are rising as a result due to higher demand. I have found two articles that suggest that Litecoin may become the preferred blockchain to transact on now. This could include a higher volume for both transaction and speculation.
LTC/USDT 4HInterval in correctionI invite you to review the LTC chart in pair to USDT, so on the four-hour interval, we will mark the downtrend channel in which the price is moving with blue lines, but here we can observe that during today's review we are witnessing a strong market rebound.
Moving on, we can move on to marking the support areas when the initiated correction begins to deepen. And here, the first support that is currently holding the price is at $77.61, the second support is at $74.9, the third support is at $72.71, and we still have support at $70.46.
Looking the other way, we see that we need to go through a big strong resistance zone from $79 to $83 first, then we have resistance at $85.17 and then move towards $91.41.
Please look at the CHOP index, which indicates that a lot of energy has been collected, MACD indicates that despite the correction, we maintain a local uptrend, while the RSI after today's increase is a strong rebound.
BTC To Rebound 📈 BNB Upside Potential 🚀 LTC In Trouble? 🤔Bitcoin is currently facing 🌧️ stormy weather, but ATTMO is forecasting ☀️ sunny skies for the next 24 hours. This may translate to an imminent market rebound ahead, especially given the sharp decline in its transaction fees, which could support the world's largest cryptocurrency.
Meanwhile, the weather is 🌴 tropical and very bullish for Binance Coin today, with some significant upside potential. However, Litecoin 🌩️ is bucking this positive trend, as ATTMO predicts stormy weather ahead, indicating a downside risk for the cryptocurrency.
Over a one-week horizon, ATTMO expects a slightly bullish market with some upside potential for both major cryptocurrencies - Bitcoin and Ethereum . An imminent market rebound is also predicted for Dogecoin .📈
Litecoin to stall at previous support?Litecoin - 24h expiry
Previous support at 84.00 now becomes resistance.
We look for a temporary move higher.
Our short term bias remains negative.
50 4hour EMA is at 84.33.
We are trading at oversold extremes.
We look to Sell at 84.23 (stop at 87.23)
Our profit targets will be 77.23 and 75.23
Resistance: 80.00 / 82.00 / 84.00
Support: 76.60 / 75.20 / 74.00
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ETH Bearish, BTC to Bounce Back, BNB - Best Bet Right Now? 🌩️ Bitcoin faces stormy weather, but don't fret! An imminent market rebound is on the horizon, according to ATTMO 📈. Recent reassuring news on Bitcoin's trading freeze on Binance may support the world's largest cryptocurrency. 🌧️ Ripple, on the other hand, faces stormy weather following comments made by its CEO on the SEC's on-going court case in Dubai, but is still likely to rebound in the coming hours.
🌴 The weather forecast for Binance Coin looks tropical - very bullish with some upside potential - over the next 24 hours 🌞. However, cloudy skies are predicted for altcoins such as Ethereum and Litecoin , indicating a slightly bearish market with downside risk 🌥️.
Over a one-week horizon, ATTMO expects a sunny sky with a few scattered clouds - a slightly bullish market with upside potential for both major cryptocurrencies - Bitcoin and Ethereum , according to our data 🌤️. And, it's worth noting that Dogecoin is facing stormy weather, so an imminent market rebound is likely. 🐕
Stay informed with ATTMO's weather-inspired crypto predictions. Follow us for more updates! 🔍
LTC & ADA Will Crash 90% – Bear Market Has Not Even Begun Yet!The bear market has not even begun yet for 99% of altcoins, such as Litecoin (LTC) and Cardano (ADA).
I expect these coins to crash at least another 90% from where they currently are.
I agree with people such as Big Cheds, Bob Loukas, Benjamin Cowen, and others that altcoins are far from having bottomed and in fact that the bear market has not even begun yet.
Anyone using leverage of 1.01x or higher and who is long will surely get liquidated within the next 1-3 months.
Bitcoin will crash to sub $10k as well.
XRP, BTC to Rebound 📈 ETH, LTC 🐻 BNB - Best Bet Right Now? 🤔Bitcoin is facing stormy weather 🌩️, but this could translate into an imminent market rebound in the next 24 hours. Ripple is also facing stormy weather while rebound is highly likely for it to happen in the next 4 hours.
The next 24 hours look tropical and very bullish with upside potential for Binance Coin .
However, altcoins like Ethereum and Litecoin are predicted to have cloudy skies, indicating a slightly bearish market with downside risk.
Over a one-week horizon, ATTMO predicts a sunny sky with a few scattered clouds, indicating a slightly bullish market with upside potential for major cryptocurrencies like Bitcoin and Ethereum .
Dogecoin faces stormy weather, which means an imminent market rebound could be on the horizon in the next 7 days. 🌤️☀️
Follow us for more updates on the latest trends and insights in the world of cryptocurrency!
LTC Heading to Test The NecklineThe Double Top is playing out as we lost crucial $85 support this Sunday and could not reflip it. I’m anticipating a neckline test around $69, however lots of buy orders around $76 to keep in mind.
After this test we will see if she chooses to confirm the pattern If she does the $54 level is crucial to hold for something more bearish pre-halving not to be considered. If we reject the neckline break down then I’ll look toward the $130-$170 level.
LTC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LTC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the LTC chart this time on a four-hour interval. As we can see, the price has left the uptrend line at the bottom, while locally we are moving in a triangle in which the price is approaching a direction.
We can also see that the price is just below the EMA Cross 200 blue line, which confirms the downtrend, however we are struggling to get back above this level.
Now let's move on to marking the price support points and we see that we first have support at $87.93, but if the price goes lower, we have another support at $83.12, then $78.45 and another support at a price of $71.37.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that first the price has to break the resistance at $93.19, then we have the resistance at $38.9, the third very strong resistance at the price of 103.38, and the fourth resistance at the price of $107.93.
The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the maintenance of the local uptrend, while the RSI, despite small price movements, has returned to the upper part of the range, which may negatively affect the price in the short term.
Bitcoin Technical Analysis Chart overviewBTC/USDT Technical Analysis Overview: Will Bitcoin Breakout Above $29,500 Resistance Level?
Bitcoin has been in a bullish trend for the past few months, and it's currently trading at $20,165. The crypto market has been eagerly anticipating a breakout for BTC/USDT, which could push the price towards $36,000. In this article, we will discuss the technical analysis of BTC/USDT, including its current price, support and resistance levels, and possible outcomes.
Current Price and Trend Analysis:
BTC/USDT is currently trading at $20,165, which is slightly below its all-time high of $64,863. BTC/USDT has been trending upwards since last year, and it has seen a significant price surge in the past few months. As per the chart, Bitcoin is very close to a breakout, and it's essential to keep an eye on the current price level.
Support and Resistance Levels:
The critical support levels for BTC/USDT are $27,000, $23,900, and $24,000. If the support at $27,000 breaks down, Bitcoin may test the $23,000-$24,000 level. On the other hand, the resistance levels for BTC/USDT are $29,600, $30,600, and $32,180. If Bitcoin breaks the $29,500 resistance level and sustains above this price, we could see a surge towards $36,000.
CryptoPatel Key Level:
According to CryptoPatel, a well-known crypto trader, the critical support levels for BTC/USDT are $27,000 and $23,900, while the resistance levels are $29,600, $30,600, and $32,180.
Takeaways:
BTC/USDT is currently trading at $20,165.
Bitcoin is very close to a breakout, and it's essential to keep an eye on the current price level.
The critical support levels for BTC/USDT are $27,000, $23,900, and $24,000.
The resistance levels for BTC/USDT are $29,600, $30,600, and $32,180.
If Bitcoin breaks the $29,500 resistance level and sustains above this price, we could see a surge towards $36,000.
CryptoPatel's key levels for BTC/USDT are $27,000/$23,900 for support and $29,600/$30,600/$32,180 for resistance.
Conclusion:
BTC/USDT is currently in a bullish trend, and the crypto market is eagerly waiting for a breakout. The critical support and resistance levels for BTC/USDT are $27,000 and $29,500, respectively. If Bitcoin breaks the resistance level and sustains above it, we could see a surge towards $36,000. On the other hand, if the support at $27,000 breaks down, we could see a test of the $23,000-$24,000 level. It's important to keep an eye on the current price level and follow the CryptoPatel key levels for support and resistance.
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Ethereum Technical Analysis Ethereum (ETH) Technical Analysis: Strong Range Bound, Waiting for Breakout
Ethereum (ETH) is currently trading at HKEX:1855 level, after experiencing a recent drop from TADAWUL:2050 to $1800. In this technical analysis, we will examine the current chart patterns, identify the key support and resistance levels, and discuss potential scenarios for the future direction of Ethereum's price.
Chart Analysis:
The Ethereum chart indicates a range-bound market between HKEX:1800 and TSE:1930 , with strong support at HKEX:1800 and strong resistance at $1930. The chart suggests that Ethereum's price is currently consolidating within this range, waiting for a breakout.
Scenario 1:
If the HKEX:1800 support level breaks down, we could potentially see a further drop in price to the TSE:1400 - HKEX:1500 range in the short term.
Scenario 2:
If the support level at HKEX:1800 holds, we could potentially see a rise in price towards the resistance level at $1930. A breakout above this level could lead to a further rise towards TADAWUL:2100 or even $2500.
CryptoPatel Levels:
According to CryptoPatel, a cryptocurrency analyst, the key support levels for Ethereum are HKEX:1800 , $1700, TSE:1619 , and HKEX:476 , while the key resistance levels are TSE:1930 and $2100.
Conclusion:
Based on the current chart analysis, Ethereum is currently range-bound and waiting for a breakout. There are two potential scenarios for Ethereum's price direction, with the key support and resistance levels identified. As always, it's important to conduct your own research and analysis before investing in any coins.