#LTCUSD - Plenty of Short Profits, But Where to Take Them?theCrypster -
A symmetrical triangle formed coming off recent(ish) swing lows from the #LITECOIN ATH. We've now been rejected by that upper edge of the triangle, combined with a Sell signal from CTv2 and we've got a good trade here!
There will be some resistance at around 10-15% below current price, if we start to head out the top of this I'd be inclined to close the trade for small profits. A bust out the bottom of this area would indicate very healthy profits of 20-30%.
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LTC
#LTCBTC - A Small but Profitable Short#Litecoin has recently reached new highs and has been ranging in the upper band since late last year. We appear to be consolidating within tighter ranges recently and can see a small but profitable drop to meet the ascending trend line.
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LTC Daily Long TargetsTargets are circled
107
144
LTC may need to retrace more here, but the bias appears to be upward.
Double bottom formed on rising support.
Rsi is 50 at time of post, neutral.
LTC is also retraced to the .618 against BTC in its most recent impulse and could be ready for a leg up against BTC.
NFA, do your own DD
✴️ Litecoin Back On Track | $155+ Next Jump (80% Potential)For Litecoin, we have the same pattern as Shiba Inu but more advanced.
The pair ended its correction by bouncing off the MA200 black line.
Then it started to recover slowly but surely.
While SHIBUSDT is now trading above EMA10 only after the MA200 recovery, LTCUSDT is trading above EMA10, EMA21 and EMA100 as well as challenging EMA50.
We have the same MACD bullish cross and the RSI is back above 50, the RSI is once again really strong.
This higher low will lead to a higher high.
More growth than what we are mapping will take place.
But we are conservative with the public charts.
There is always more opportunities, there will always be more.
✔️ We are gearing up for the bull-market of 2024.
✔️ In 2025 we will have the next major bull-run.
Namaste.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 88.21 (stop at 84.71)
Hourly momentum has stalled and our bias is now neutral.
Daily signals are mildly bullish.
A break of the recent high at 88.12 should result in a further move higher.
Short term RSI is moving higher.
The medium term bias is neutral.
Our profit targets will be 96.71 and 98.71
Resistance: 82.50 / 85.40 / 88.12
Support: 80.00 / 78.00 / 75.00
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LTC IS VERY BEARISHHi, 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
✴️ Litecoin Next Target Mapped Series ($158 Next)Two things mainly when looking at Litecoin.
The correction happened suddenly and strong but the same as it happened to all other pairs.
We can see Litecoin bouncing perfectly off the 0.618 Fib. retracement level for the entire bullish wave that started in June 2022.
We have the highest volume since November 2022.
If you remove the 3d candle from November 2022 then we have the highest buy volume since November 2021... This tells you everything you need to know.
Litecoin is gearing up, preparing, loading to go up, up, up.
The next target I see as $158.
A bit higher, maybe $167 or so before another correction, longer in duration than what we just saw.
This potential remains valid above the June 2022 low, almost impossible to negate and so we say Litecoin has high probabilities of continuing up.
Namaste.
LTC planLTC Buy zone: $49 - 50
LTC is one of the strongest so far since June 2022 we had two drops of BTC to new levels but LTC did not make a new bottom with BTC. The reason is you have LTC halving august 2023 and usually they sell off before the halving in two months so I assume peaks around the end of May for LTC
Retest
Then take-off
LTCUSDTLTCUSDT
LTC engulfed on the 8-hour chart and is already strongly returning towards the MM200, but before that it has the resistance imposed by the Keltner Channel at 77.13 2 85.94.MACD and positive RSI, show a probable trend reversal.
Despite the current market turmoil , the network's latest update confirms that it has maintained its transaction consistency on BitPay.
The Litecoin network had the second highest number of transactions in the last six months, second only to the Bitcoin network. In February it controlled 23.71% of all transactions on BitPay.
Follow the supports and resistances in the 1H team
Brackets: 67.65 / 66.97
Resistances: 68.75 / 69.02
NQ1 opened very volatile, watch out for today's trades! Low leverage please!!
Only the Truly Decentralized and Trustless Chains Will SurviveCrypto is in a situation right now where it's purging all of the toxic assets in the sector and when looking at the domiance and total charts it all points towards many of the alt coins eventually going to 0 and giving up all of their dominance to a handfull of truly Decentralized and Trustless Chains. Assets like XMR, LTC, and BTC feel like safe picks but Centralized Chains with constant scams such as Ethereum and BSC will all likely soon collapse.
What we can see on the charts is that LTC Dominance Remains at the PCZ of a Bullish Deep Gartley and is Targeting atleast 4% Market Dominance and BTC is at the PCZ of a Bullish Shark and may also be Double Bottoming which could take it towards 70% or even over 90% Dominance.
Meanwhile Ethereum is in a Pattern where it will likely lose more than 70% of it's Marketcap Dominance upon Breaking Down and this would likely take most of the quote-unquote so-called DeFi projects down with it.
LTC: Oversold at SupportLitecoin (LTC) technical analysis:
Trade setup : Following a Bearish breakout from Channel Up pattern, price broke below $80 and $70 support, and below 200-day MA, reversing trends. It is very oversold now (RSI ~ 20) and could bounce up near-term.
Trend : Downtrend on Short- and 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 $70, which it broke, then $60. The nearest Resistance Zone is $80 (previous support), then $90.
LTC IS VERY BEARISHHi, 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
The Macro Defying Litecoin Bullish Crab ContinuationLTC after reaching the Bullish Butterfly profit taking target, has pulled back and developed another Bullish 1.618 Harmonic in the form of a Bullish Crab at the 200 Day SMA and Support Zone. If things go like last time we will see LTC trade at these levels for a few days before going for another Higher High eventually.
LTC - Approaching A Support 🔑 Analysis #6/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
LTC rejected the 100.0 weekly resistance and traded lower. Now it is approaching the lower red trendline.
Moreover, the zone 60.0 a strong weekly structure.
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support zone and lower red trendline. (acting as a non-horizontal support)
As per my trading style:
As LTC approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich