LTC: Leading the Market with Doge, But Awaiting a Key BreakoutLTC is showing strong performance compared to many other coins in the market, with Doge following a similar trend. In the purple box, we can clearly see a breakout from the short-term trendline, signaling some positive momentum. However, for a full trend reversal, we need a decisive break of the longer yellow trendline, which may take more time.
The Hurst cycles at the bottom (illustrated by the semicircles) show that LTC’s up-and-down movement is following a consistent pulse. If we do see a break of the upper yellow trendline, the next target could be marginally new all-time highs, though that won’t likely happen for some time yet.
LTC
LTCUSD - Indicator PerspectiveThis is the monthly chart for LTCUSD. As seen back in 2017 price flew up during the red period of this indicator, right now we are experiencing a red period like this, will price repeat the up move during red?
Horizontal lines in white are the two strong support areas
Bullish
Litecoin (LTC)Litecoin price today is $81 with a 24 hour trading volume of 920 million dollar. LTC price is up 7.0% in the last 24 hours
Litecoin is a peer2peer cryptocurrency created by Charlie Lee, a man who take advantage of working on first crypto exchanges aka Coinbase and dump most of his coins on first days of listing, became millionaire and quit his job! so technically LTC is just a simple fork of BTC
50-60 is a dip for ltc and good time to load some coins and 95-110$ is an important time for bulls and time to take good profit as well
Never FOMO on LTC and be ready for rejection and pullback at blue line level
Litecoin Spike 10% as Canary Capital Files for Spot Litecoin ETFLitecoin ( NYSE:LTC ) has recently experienced a sharp spike, rising over 10% and touching $71.29, following a significant move by Canary Capital. The asset management firm submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) for a groundbreaking Litecoin Exchange-Traded Fund (ETF). This marks the first-ever attempt to launch a Litecoin-linked spot ETF in the United States, potentially revolutionizing the way consumers and institutional investors access Litecoin.
Canary Capital’s Filing: What It Means for Litecoin
The S-1 filing by Canary Capital represents the initial step in a multi-stage regulatory process required to introduce new securities to the U.S. market. If approved, this ETF would allow investors to gain exposure to Litecoin ( NYSE:LTC ) price movements without directly purchasing or holding the cryptocurrency. By offering a regulated investment vehicle for Litecoin ( NYSE:LTC ), Canary aims to attract both individual and institutional investors who have been hesitant to engage with digital assets due to concerns over regulation and security.
Interestingly, this move follows closely on the heels of Canary Capital's recent filing for a similar XRP ETF. These back-to-back filings underscore the growing trend among asset managers to explore traditional investment vehicles for cryptocurrencies, highlighting the increasing demand for secure and regulated access to digital assets.
Canary Capital's CEO, Steven McClurg, brings a wealth of experience to the table, having previously served as the Chief Investment Officer at Valkyrie Investments. Under his leadership, Valkyrie was among the early applicants for Bitcoin futures ETFs, which adds credibility to Canary’s current push for Litecoin and XRP ETFs. However, it is important to note that this filing is only the first step, and the firm must also file a 19b-4 application to request a rule change at the stock exchange where the fund will be traded.
Litecoin’s Unique Position: Why This Matters
Litecoin ( NYSE:LTC ) has long been considered the "silver" to Bitcoin's "gold," but its appeal extends beyond this analogy. One of Litecoin’s standout features is its transparent and fair launch, with no pre-mines or token sales, which has helped it avoid much of the regulatory scrutiny faced by other cryptocurrencies like Solana. This unique feature positions Litecoin favorably under SEC regulations, making it a strong candidate for a spot ETF.
As noted by Alex Thorn, head of research at Galaxy Digital, the absence of an initial offering (ICO) for Litecoin may reduce its risk of being classified as a security by the SEC. This could provide a smoother pathway for the approval of a Litecoin ETF, making it one of the most likely cryptocurrencies to succeed in this regulatory environment.
ETF, Regulation, and Institutional Interest
The filing of a Litecoin ETF follows the broader trend of regulatory advancements in the cryptocurrency space. Earlier this year, the SEC approved both Bitcoin and Ethereum futures ETFs, sparking a wave of interest among institutional investors seeking regulated exposure to digital assets. The introduction of a Litecoin ETF would continue this trend and further solidify Litecoin’s position as a viable and trusted cryptocurrency for mainstream investors.
Nate Geraci, president of The ETF Store, commented on the political dynamics surrounding these filings. He noted that regulatory outcomes might be influenced by upcoming elections, suggesting that a shift in political leadership could create a more favorable environment for cryptocurrency investments. If these political shifts occur, it could lead to a rapid approval of not just the Litecoin ETF, but other spot ETFs as well, providing a major boost to the overall cryptocurrency market.
Technical Outlook
From a technical perspective, Litecoin ( NYSE:LTC ) appears to be gearing up for a significant breakout. The coin is currently up 1.51% and is trading within a tight rectangular pattern, which often indicates indecision among traders. However, Litecoin ( NYSE:LTC ) has formed a bullish symmetrical triangle on the daily chart—a classic technical indicator that frequently precedes strong breakouts.
Furthermore, Litecoin ( NYSE:LTC ) has successfully broken out of its descending channel and completed a strong retest, which is an essential sign of confirmation. The cryptocurrency is now gaining momentum and testing areas above support point, a bullish signal that could suggest continued upward movement. If NYSE:LTC manages to break the upper resistance of the symmetrical triangle, which aligns with the pivotal $75 price point, it could trigger a new bullish campaign with the next target set around $100.
The all-time high (ATH) for Litecoin was $412.96 back in 2021, and while the cryptocurrency has since experienced significant corrections, the current momentum suggests that a return to those levels may not be out of reach. With institutional interest building through the proposed ETF, the likelihood of a sustained rally becomes even stronger.
Key Resistance and Support Levels to Watch
The first significant resistance level for Litecoin is around $75, which, if breached, could open the door to further upside potential, targeting $100. Beyond that, a successful rally could see Litecoin ( NYSE:LTC ) approach its former highs.
On the downside, the immediate support is around the $68 region. A fall below this level could indicate a potential bearish turn, with further support around $61.
Conclusion: A New Era for Litecoin?
With the filing of a spot Litecoin ETF and increasing institutional interest, Litecoin ( NYSE:LTC ) is set for substantial growth. The regulatory landscape is becoming more favorable for cryptocurrencies, and Litecoin’s fair launch and lack of pre-mine give it a unique advantage. Technically, the coin is showing strong signals for a breakout, which could lead to significant price increases in both the short and long term.
If the ETF is approved, Litecoin ( NYSE:LTC ) could see a massive influx of new investors, pushing its price to new heights and possibly reclaiming its status as a top-tier cryptocurrency. For now, all eyes are on the SEC, and the next few months will be critical in determining Litecoin’s trajectory.
Litecoin Surge 5% on Speculation of An ETF Filing Litecoin ( CRYPTOCAP:LTC ), the pioneering Proof-of-Work (PoW) digital currency, has recently gained renewed attention following Canary Capital’s filing of a spot Litecoin ETF application with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone, as it's the first of its kind in the United States, potentially offering investors institutional-grade exposure to the cryptocurrency.
Canary Capital, a U.S.-based asset management firm, filed the Form S-1 with the SEC, naming the product the Canary Litecoin ETF. This filing follows a similar push from the firm earlier this month for an XRP ETF, signaling growing interest in expanding regulated funds tied to digital currencies.
Litecoin’s Unique Position in the Market
Litecoin ( CRYPTOCAP:LTC ), launched in 2011, is one of the oldest and most battle-tested cryptocurrencies. Its blockchain boasts a 100% uptime, making it a reliable digital asset in a market known for volatility and disruptions. Despite its longevity and utility status, Litecoin’s influence has waned in recent years, with newer blockchain projects overtaking it in rankings and market share.
However, Canary Capital sees this as an opportunity. In its filing, the firm expressed strong confidence in Litecoin's enterprise-grade utility, citing its scalability and resilience as reasons why an LTC ETF could offer investors significant value. While the approval odds for such products have historically been low, especially in the U.S., Litecoin’s status as a commodity could work in its favor. This distinction may allow the SEC to approach the application with a more favorable outlook.
Implications for Litecoin ( CRYPTOCAP:LTC )
In the wake of the ETF filing, Litecoin's price saw a significant 6.5% surge, reaching $71 within 24 hours. Historically, institutional interest in cryptocurrencies, especially through ETF filings, has driven substantial price action. Should the Canary Litecoin ETF gain approval from the SEC, it could trigger a broader rally for the digital asset.
Though the market has yet to see how the SEC will respond to this proposal, investors are optimistic. Historically, cryptocurrency ETFs have faced regulatory hurdles, but a successful approval could pave the way for Litecoin to reclaim its place among the top-tier digital assets.
Technical Outlook
On the technical front, Litecoin ( CRYPTOCAP:LTC ) is showing signs of gearing up for a significant move. As of this writing, CRYPTOCAP:LTC is up 4.19%, trading within a tight rectangular pattern, a sign of indecision among traders despite the coin's recent gains. However, Litecoin ( CRYPTOCAP:LTC ) is forming a bullish symmetrical triangle on the daily chart, a classic technical indicator that often precedes a strong breakout.
This potential breakout could be triggered if CRYPTOCAP:LTC breaches the triangle’s upper resistance, which aligns with the pivotal price point of $75. If Litecoin ( CRYPTOCAP:LTC ) manages to break above this key level, it could ignite a renewed bullish campaign, with the next significant price target set around $100. Given that Litecoin's all-time high (ATH) was $412.96 in 2021, a return to those levels could represent a substantial upside for investors.
Fundamental Catalysts
In addition to the technical indicators, fundamental factors could further drive Litecoin's price upward. The filing of the ETF proposal adds legitimacy to Litecoin’s role in the broader crypto ecosystem. Furthermore, as interest in digital currencies continues to rise, an approved ETF could increase demand for CRYPTOCAP:LTC , attracting both retail and institutional investors.
While Litecoin ( CRYPTOCAP:LTC ) has lost some of its luster compared to newer blockchain projects, it remains a solid, reliable asset with a strong track record. The combination of technical signals and the potential for regulatory approval makes Litecoin a cryptocurrency to watch closely in the coming months.
Conclusion
The Canary Litecoin ETF filing has already generated significant excitement among investors and could mark a turning point for $LTC. With a strong technical setup and bullish fundamentals, Litecoin ( CRYPTOCAP:LTC ) seems poised for a significant rally if the ETF gains approval from the SEC. For long-term holders and traders alike, Litecoin’s resurgence could be one of the major stories of the upcoming crypto cycle.
#LTCUSDT #1D (ByBit) Ascending wedge breakdown and retestLitecoin lost 100EMA acting as resistance now and is pulling back towards it, more retracement down seems likely on daily.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
64.32
Entry Targets:
1) 65.78
Take-Profit Targets:
1) 55.34
Stop Targets:
1) 71.01
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +79.4%
Possible Loss= -39.8%
Estimated Gaintime= 1 month
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour.
All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal.
Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles.
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Litecoin — ATH scenarios for 2024 and 2025Often referred to as "the silver to Bitcoin's gold," COINBASE:LTCUSD is the 2nd-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, and engineered for fast, secure and low-cost payments.
The next LTC halving is expected to happen on August 2023.
SasanSeifi|Will It Break Resistance or Test Lower Supports?Hey there, ✌ On the weekly timeframe, BINANCE:LTCUSDT price movement, after ranging around $84, faced a downward trend and corrected to the $50 level. Currently, the price is trading in a range around $63 with limited fluctuations.
In the long-term weekly timeframe, key support levels for Litecoin are at $50 and $42. To continue the upward trend, it’s essential for the price to break the critical resistance at $85 and hold above it. If this resistance is broken, the likelihood of further price growth increases.
For a clearer understanding of the price movement, it’s crucial to closely monitor Litecoin’s reaction to the $70 to $85 range. If the price fails to sustain above these levels, we may see a correction and a potential return to the major support zones.
🔶The chart is in logarithmic scale.
This analysis reflects my personal view and is not financial advice. If you found this helpful, feel free to like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Litecoin - LTC Free Fall to $60 ??Although Litecoin did not make the Top Altcoins for 2024 list - it is an old timer. And by this, I basically mean that it can (and will) still be traded.
From the 4h, we see some beautiful swings that can be very profitable trades, with the right entry points.
It seems the entire market is turning down following BTC. This however, could result in some good entry points and lower buying orders being filled. Getting in at the RIGHT price is one of Warren Buffet's key investment strategies. Find out more on that, here:
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BINANCE:LTCUSDT
LTC ANALYSIS (4H)LTC appears to be within a large corrective pattern such as a diametric or an expanding triangle.
If we look at LTC in more detail and refer to the hourly time frames, we see two liquidity pools at the top and bottom of the chart (which we denote by $$$).
The best range for the sell/short position is the red range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
LTCUSDT Breaks Resistance with Volume Surge: Is $100 Next?LTCUSDT has decisively broken through resistance with impressive trading volume, signaling a potential surge in the coming days. With momentum building, can LTC surpass its previous highs? The outlook is positive, and we're anticipating a move towards $100 soon.
Currently, it's facing minor resistance at the 200 EMA. Keep an eye on market trends and adjust your strategies accordingly, as this coin shows strong potential for upward movement!
LTCUSDT Currently trading at $70
Buy level: Above $69
Stop loss: Below $59
TP1: $76
TP2: $85
TP3: $100
TP4: $112
Max Leverage 3x
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
#LTCUSDT #4h (ByBit) Broadening wedge breakout & retestLitecoin pulled back to 50MA support where a bounce seems likely, eventually leading to a bullish continuation.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (7.0X)
Amount: 4.8%
Current Price:
72.06
Entry Targets:
1) 71.83
Take-Profit Targets:
1) 80.39
Stop Targets:
1) 67.54
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #4h #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +83.4%
Possible Loss= -41.8%
Estimated Gaintime= 5-10 days
Litecoin LTC price "keeps up"In 2016-17, 2019, and 2020, CRYPTOCAP:LTC was among the first to roll out the alt-season.
Of course, #Litecoin is “not the same” anymore, and many newcomers to the crypto market and fans of “hamsters” do not even know how much CRYPTOCAP:LTC "to do" for the global development of crypto. He was proudly called “silver” right after the golden CRYPTOCAP:BTC
🔝 And yet, the OKX:LTCUSDT price is holding up well, volatility is reduced, is it really preparing for something “big”?
Do you believe that the #LTCUSD price can reach $190-220 again?)
Could Litecoin get an ETF in the coming year?Litecoin starting to deliver with a major strength, with 37% increase from the low.
NYSE:LTC has the longest accumulation period ever. We all know that once NYSE:LTC starts to move, it always leads the way to expansion phase. Could this time be different?
Litecoin was always viewed as silver to Bitcoin's gold . Last April, we saw a 10% surge as institutional hint at interest on Litecoin ETF rumors.
Could Litecoin get an ETF in the coming year?
Technical Outlook:
NYSE:LTC closed green today though it's struggling to break $67 resistance on the third attempt.
Failure to flip $67 resistance, the first level of support is around $63.5
Price needs to stay above $61 to maintain its bullish structure, failure to do so, a retest on $58 is very likely.
LTC-USDT 4hI invite you to a quick review of LTC in pair with USDT, taking into account the four-hour interval. Visible, we can determine the local upward trend line above which the price remains.
Just below the price there is support at the level of $60, then the second support is around $56 and then there is a strong support level at the price of $50.
Looking the other way, similarly, after unfolding the fib retracement grid, you can see resistance at the price of $66, then the second resistance at $71, and then a strong resistance at $77.