LTC
Litecoin - Extremely Overbought RSI - SELLOFF IMMINENTBulls don't seem to realize there's more than 22,000 different alt coins & growing. LIMITLESS SUPPLY with zero use cases. A speculative gamblers dream.... or NIGHTMARE. The RSI on daily reached overbought and is crashing below 70 now. ADX indicator it near 40 and expect it to continue to rise as SELLING IS THE TREND. Crypto gamblers are in for a world of hurt. The recent rally looks to be a bull trap. I presume someone is trying really hard not to be force liquidated. EXCHANGES ARE COLLAPSING left and right & new ones just pop up in their place. The crypto frauds make the MADOFF PONZI look like a cake walk. The losses in simpcoins will dwarf any other Ponzi in history. Good riddance.
LTC: Overbought at ResistanceLitecoin (LTC) technical analysis:
Trade setup : Price remains in an Uptrend and is up 25% since our trading video on LTC was published on Dec 18. After bouncing off of $65 support, it broke above $75 resistance and reached our target of $85 resistance area. That’s where it got rejected a couple of times in Nov/Dec as traders took profits. It’s overbought (RSI > 70). Now we wait for price to pull back near $75 support for another swing entry.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $75, (previous resistance), then $65. The nearest Resistance Zone is $85, which it broke, then $100.
Bunch of Altcoins that show ACCUMULATIONThis is copy past & can't put all charts here
Please see our TV profile
1
VOLUME is IMPORTANT
Some #crypto showing ACCUMULATION
DO ur DD!
$GNO & $LTC up decently
$FARM
$SOL always issues but COULD be buy on pullbacks
These ALL are 50%+ fully diluted mkt cap valuation
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2
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$FLOW sexy
$MATIC NOT as heavy, missed big chunk but still there
$XTZ
$MANA
$SAND also but huge unlock coming
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3
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$ADA but some selling already, cautious
$ENJ not super heavy but breaking downtrend
$JOE
$LOOKS could be beginning
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4
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$KEEP Hit limits & want back in
$XLM & $REN has some
$WAXP VERY good but keep eye on sell volume
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5
VOLUME = IMPORTANT
#Crypto showing ACCUMULATION
$IOTX
$ZIL
$ANKR
$SHIB
💲 Litecoin Correction Before $130 💲💲 Litecoin Correction Before $130
💲 Nearest strong support zone: around 80.5 fibo level 0.236 of the entire upward wave.
💲 Nearest strong resistance zone: around 0.236 of the downward wave.
💲 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Litecoin as I have written many times before has shown a show of strength in recent weeks, it started to break out as the first one of the major cryptocurrencies which I perfectly predicted by publishing many posts on it. After such a rally, I expect a cooling off of the increases and the execution of a downward correction to the vicinity of recent resistances in order to gain strength for the continuation of growth, even in the vicinity of $130.
💲 The scenario I'm playing out is to execute a correction then continue the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
LTC Livermore coneThis is a bullish view of LTC. LTC has consolidated at around $50 for 6 months after dropping 85%. Now price has broken over the range and seems to find support from the bottom of the range.
Furthermore, it appears that price action is printing a livermore cone that can breakout. Breakout of the cone will push the price in the upper ranges between 235 and 310.
I don't encourage trading LTC. LTC was the first coin in crypto history to be rugged by its founder.
LTC continues to gain volume targets on chartLTC continues to gain volume
and would be a nice time to enter ( entries on chart )
this would also be a nice leverage trade ( no more than x3 - in my opinion )
the targets on chart ( for spot ) might take about 1-3 months
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
🚀Litecoin: the third wave of the ending diagonal.●● Preferred count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.1
The long-term waves counting has not undergone any changes. It is assumed that the cycle wave V unfolds the ending diagonal , subdividing into sub-waves ①-②-③-④-⑤ . At the moment, the market is at an early stage of development of sub-wave ③ . Wave ③ should exceed the length of wave ② , taking the form of a zigzag.
_________________
● Litecoin / TetherUS (BINANCE), 🕐TF: 6h
Fig.2
For the last six months, the waves have been unfolding according to our expectations on the six-hour timeframe as well. The completion of waves ② and 2 , as well as the beginning of the development of wave 3 , were predicted.
At the moment the market is ready for acceleration in the wave (iii) of ((iii)) of 3 . As a local alternative, it is allowed to complicate the structure of wave 2 to a combination .
_________________
_________________
●● Alternative count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D
Fig.3
As you know, correctional structures are more variable, in contrast to impulse waves. The downward zigzag A-B-C can be identified as a sub-wave (W) within the unfolding double zigzag (W)-(X)-(Y) of ② .
Get ready for the second wave of the diagonal to transform into a multiple zigzag .
📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
LTCUSDT 4H Interval - Resistance and SupportI invite you to a short analysis of LTC/USDT based on the four-hour interval.
Let's start by marking with the white lines the uptrend channel in which the price is currently moving.
Next, we can immediately notice a strong support zone from $82.49 to $84.58, which the price is currently struggling with. Moreover, looking at the recent move, we see that the upper border of the zone is strong resistance at 0.618 FIB, then we have resistance at $86.16, $87.99 and $93.16.
When it comes to support, it is worth highlighting the first strong support zone from $78.58 to $75.21, at which the price has been repeatedly stopped.
Looking at the CHOP index, we see that the energy is strongly charged, the MACD indicates a local downtrend, while the RSI index has recovered and has a new place for price growth.
LTC still looks correctiveBack on December 26, I said that my corrective target for LTC was around $90 and we've basically been moving up ever since then.
We are nearing the wave 4 target, meaning a wave 5 should be coming. There's a simple trade setup here. You can short a move into $90 with a stop loss at the low on February 24 at $91.50 - Violation of that 91.50 area will weaken my bearish stance.
I have to acknowledge (and you should, too), the red and white wave which are the highest timeframes on the WaveMaster indicator. We've only been in oversold for the red and white 3 times and each time led to a large increase in our good friend Litecoin.
This is the only reason why I am cautious here. Could we see a bigger move up from here? Possible. From an EWT perspective, we should make another low and head back to $20-$30 at some point. That is where I'd be interested in buying long term. It could take longer to get there than you'd think.
✴️ Litecoin | BULLS ConfirmedToday's Litecoin hits a new high and recently posted the highest daily close since May 2022.
Extreme bullishness is the only way to define this chart as Litecoin is now trading above EMA300.
Litecoin bulls confirms the bullish bias across the entire cryptocurrency market.
Expect Cardano to continue rising.
Expect XRP to grow strong.
Dogecoin, Shiba, Ethereum, Bitcoin and all the altcoins as well.
Next target $98, then $113, $130 and finally $190.
Namaste.
Litecoin shooting to $125.80 next thanks to a Cup of Tea?Well this has come to a surprise.
We have our first LONG crypto trade line up for the year.
Litecoin has formed a Cup and Handle over the last few months and recently has broken up and out of the brim level.
The Moving Averages are looking perfect as 7>21>200 SMA.
RSI is also above the 50% and broken above the negative divergence which is bullish.
My first target is $125.80
Interesting facts:
Litecoin is a cryptocurrency created in 2011 by Charlie Lee, a former Google engineer and is known as the "lite version of Bitcoin.
It has a faster block generation time and a different hashing algorithm which is 2.5 minutes, compared to Bitcoin's 10 minutes.
Unlike Bitcoins market cap of 21 million, the total supply of Litecoin is 84 million.
It also falls in the top 10 cryptos - which considers it a safer investments than the others.
Litecoin has been used as a testbed for Bitcoin's proposed upgrades and features, such as atomic swaps and the Lightning Network.
Joe Gun2Head Trade - Swing failure on LTCUSDTrade Idea: Selling LTCUSD
Reasoning: Swing failure
Entry Level: 83.04
Take Profit Level: 77.94
Stop Loss: 84.45
Risk/Reward: 3.37:1
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