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Ltcanalysis

Litecoin (LTCUSD) WEDGE CORRECTIONFollowing is my analysis for Litecoin (LTCUSD) using wave theory & Fibonacci measurements: 1) On Apr 16th, Litecoin (LTCUSD) touched its all-time high $335 2) The market went into a correction mode after a 4-month uptrend taking the price from $77 to $335 3) The correction looks like a wedge correction called triangle diagonal in Elliot series forming ( A-B-C-D-E ) 3-3-3-3-3 waves inside the diagonal triangle shown in light GREY A-B-C correction waves 4) I believe the next wave is the last leg of the wave E in the diagonal triangle 5) There are 3 confirmation points that need to be taken here 5.1) Confirmation 1 - Bounce confirmation of Wave E shown in the diagram 5.2) Confirmation 2 - Price breakout from the diagonal triangle, shown in the picture 5.3) Confirmation 3 - Once it breaks out of the channel it usually retraces back before going LONG I believe these are some of the main confirmations that we need to take before taking LONG positions for Litecoin (LTCUSD) Information is for educational purposes ONLY, appreciate everyone's feedback !!!
BITFINEX:LTCUSD
by JAN360
3
LTC on the verge of a 30% run!!Litecoin has been having amazing days recently with explosive moves up! We are currently sitting above the 1.6 FIB level and i think if we can hold this level and close todays daily above here we are looking even more bullish! we have little to no resistance holding us back and a move from our 1.6 to 2.6 FIB is aprx 31% and IMO very likely. We are starting to see the EMA ribbons push up and open carrying us with bullish momentum, remember litecoin in the past altseasons/ bull cycles has been one of the top performers and even outperformed bitcoin 1 year. Our zero lag MACD has been going sideways and reversing multiple times, as of right now we look bullish and we will want to see our Blue stay on top of the orange, the histogram is starting to print a few slight green bars and i'll want to see once again a hold and daily close above the 1.6 FIB and some bigger confirmed movement on the MACD. The RSI is overbought and starting to slightly come down a little bit, it would be ideal for us to get a good close tonight and then we could see our RSI come down and recover and us testing the top of the 1.6 FIB before we continue up. We could see a couple days of sideways action before our next move up. NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
4
LTC ready for massive pump this week!!Litecoin has been pushing up and creating higher lows and higher highs, and has actually broken through the crucial resistance level at the 1 FIB, We now have a new 2021 ATH! Breaking of this long term resistance and still holding it strong is super bullish in my eyes, litecoin historically is one of the best performers in alt season and bullruns alongside BTC, we now have lots and lots of room to continue running up to the 1.6 FIB and 2.6 FIB! Our Zero lag macd looks good we saw a bearish flip but it looks like we could see a reversal very soon! We are seeing some decent volume today and i think if we can close today above this 1 fib level its takeoff time. We are also seeing a switch with the ichimoku cloud and its now printing green support clouds. Overall very bullish on LTC i think a big run is coming! NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
LTC one step closer to take off!!Litecoin has been pumping recently putting out big numbers, we are currently well above the 0.7 FIB level and super close to going for that heavy resistance at the 1 FIB level or 247$USD. We broke out of the ascending triangle with force and it definitely feels like LTC is going to show everyone what its capable of in this alt season bull market!! We see the zero lag MacD has crossed bearish but i think itll be for a short period, even if we do get pulled down i'm confident we will still close today above the 0.7 FIB! Also the ichimoku cloud is starting to print some green support. i believe we are going to see LTC start to take off soon enough smashing through that heavy resistance and keep heading up! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
LTC - 6h. The loss of $183 will lead to a sharp drop to $140In the previous idea, we expected a test of the $ 196 mark: The boring price movement within the triangle showed us where the liquid range to buy is. We are talking about the price of $170-175 . This range sustained the first hit on February 22-23, when the LTC price fell non-stop. Please note that this range did not stop the total decline in LTCUSDT, but it slowed down significantly. The importance of this price range is also confirmed by a new wave of growth that began on March 5. Only after buyers managed to take control of the $170-175 range and test it at low volumes, a 30% increase in the LTC price began : On March 25, buyers were again tested for strength. However, the $170-175 retest passed without much enthusiasm from the buyers. The new wave of growth began rather sluggishly and now the LTC price is near the critical point. If we analyze the LTCBTC chart on a weekly timeframe, the reason for the slowdown in the growth of the LTC price becomes clear: Stopping the growth of the BTC market and the fall in the price of LTCBTC has a bad effect on the price of LTCUSDT. Therefore, it is the new upward impuls e of the LTCBTC pair that can significantly revive the LTC price and help it get out of the upward triangle. ___________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19
LTC needs to Break This I order to Fly High !!!! Have A Look Hey guys welcome for a fresh update on LTC -------------------------------------------------------- LTC has been Caught In this Support Resistance Range.... -------------------------------------------------------- LTC is forming Descending broadening Wedge Its very Crucial for LTC to break this SR zone RSI is also Forming Higher High which is good I think Ltc will take some more time Before Another Leg Up !! So the Short to Mid Term Target for LTC is $309 TP 64% Its currently checking 50 Ema Support So it's Right Time To Enter if you Want to hold it>> Don't Miss Out on it.... Give a thought to it and manage your risk carefully... Let me know whats your target and suggestion In Comment Section Will Be back with another Premium Trades in the mean time.. -------------------------------------------------------- Thanks for reading... Give us a THUMBS UP if you like it... -------------------------------------------------------- this is Husain Zabir, signing out Thankyou...
Long
by Husain_Arkghazi
LTC - 4h. New test range of $208-215?As early as 2 weeks ago, a local downward trend began on the LTC market , which successfully corrects the previous wave of growth from February 28. Unsuccessful attempt of buyers on March 15 to gain a foothold above the range of $208-215 ended with the activation of sellers. In fact, for 5 days, the LTC price consolidated below the $208-215 range before starting a new downward impulse. The main struggle in the LTCUSDT market was fought around the mark of $195 and $215 . In the previous idea, we indicated that if buyers keep $ 193-195, they will be able to break through $ 208-215: The mark of $195 also played a key role on March 24th. It was after a weak test by buyers of this range that the LTC price fell by 13% in a few hours. Thus, sellers managed to test the range of $170-175. At the moment, the LTC price is moving in a local channel of decline. The critical point for sellers is at $ 187. If buyers manage to take control of this mark, we will expect a re-test of $208-215. However, in our opinion, in order to start a new wave of growth, buyers need to pass the test again in the range of $170-175 . In a negative scenario, the price of LTCUSD will continue to move in the white channel of decline. Therefore, it is worth closely monitoring the re-test of $170-175 and making decisions. __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
19
LTC Ready To EXPLODE!LTC is looking fantastic right now! We are soaring through the 0.3 FIB level and could even see a push to the 0.5 FIB! I'm confident LTC is going to have a great close today around current prices and then tomorrow continue that push up! The RSI has just crossed the 50. mark indicating an uptrend and isn't very close to the overbought area! The Stoch RSI same thing we are flying up and still only around the midway point. Now the MACD is probably the most bullish Indicator on here, we are about to see a potential Golden cross and big push from the bulls! We will follow BTC but both are looking very bullish and i think we are going to see a strong April! NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
2
LTC - 4h. Growth to $207 is possible on one conditionThe total price drop did not bypass the LTC market. One of the most liquid coins of the crypto market fell by 30% in two days. Quite a good result if we compare that the drop in the price of BTC was about 22% . Our previous idea missed the mark a bit: However, the rebound after testing the mark of $157.29 was rather weak. Given the nature of the growth, we believe that the likelihood of a continuation of the local growth wave is high. The main condition is to keep the mark of $170 . If sellers test this mark at low volumes, we will expect the continued growth of the LTCUSDT price to $207. Looking at the BTC chart, you need to have another scenario in mind. If BTC buyers do not hold on to $46,000 - 46,500, the price will continue to fall towards $ 42,000. In this case, LTCUSD will test the mark of $146 .
by P_S_trade
18
LTCUSDT Going for Another BreakOUT ?? 🚀Hello Fellow Crypto investors and Traders 📈 Surprisingly a good weekend went by, not much of dips. Off to a good week-start with BTC well above $50k LTC move above my EMA trend line gives confident upward attempt Wait for another candle open above it to confirm trend RSI looks good on the upward ride Promising uptrend shape emerged. Higher-Highs as seen Made two good attempts at the Resistance area, $194-$196 The next attempt will shoot through it. Couple waves before we break it . Not much of difficulties above that region Hoping BTC keeps its game tight at $50k and above will help a lot Any downward BTC move will push LTCUSDT towards Support area breaking the trendline Keep your eyes open 👀 Follow 🚶 Like 👍 Share your thoughts !
Long
by CryptonKidd
LTC - 2h. Buyers kept of $192-196. The next target is $260After updating the local high on February 14 and testing the mark of $230.77, the LTC price began to correction. Buyers received a major blow in the range of $192-196. It is in this range on February 15 recorded large volumes, which sellers wanted to push the price lower. However, as we can see in the chart, buyers were quite interested in this range . Completely depleted of sellers, buyers began a new attempt to grow within the black local channel. Confirmation of the continued rise in the price of LTC will be a retest the mark of $217. If buyers can keep this mark, we expect to continue to grow to $250-260. In addition, the positive dynamics in the BTC market contributes to the growth of LTC: The critical point of this scenario is the range of $192-196. If buyers do not keep it on the LTC market, a deep and protracted correction will begin. _____________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
14
LTC - 4h. Below $178 sellers will start the correction.The wave of rising LTC prices on January 27 gave LTC investors the opportunity to take 75% of the price movement. Buyers have managed to break the critical range of $178.5-181, but we are not sure that they will have enough strength to hold it. This range is importan t because it started a powerful wave of falling LTC prices on January 10. By the way, the goal of our previous idea was achieved: Given that BTC updated its historical high and yesterday the producers showed that they are ready to keep the price, there is a high probability of the beginning of the correction in the LTC market . The first target in this scenario is the range of $145-150 . The main condition for this scenario will be to fix the price below $178.5. The ultimate target of the fall is $124. However, even in this scenario, the growth trend will continue. The correction will help buyers gain strength at more attractive prices P.S. our global idea: _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics! .
by P_S_trade
17
LTC - 4h. Buyers are preparing for the test of $175The correction of the previous wave of growth in the LTC market lasted for almost a month. After setting a local high of $185.83 , buyers retreated. As a result of the correction, a triangle was formed in which the LTC price was traded until February 2. In our previous idea , we showed potential LTC buying areas. Thus, testing the range of $126-130, the price of LTC began a new wave of growth and went beyond the consolidation triangle. Buyers managed to take control of the $145-150 range. If sellers fail to lower the price below this range today, we will expect continued growth to $171-175 An alternative scenario will begin if an erroneous breakdown of the $145-150 range is formed in the daily timeframe. In this case, a new clear channel of LTC growth will be formed and we will expect a correction to $132-133 ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
4
LTC - 4h. The price reaches the critical range of $145-150Low sales volumes during the wave of falling LTCUSD prices on January 25 hinted at the end of the correction in the LTC market. In fact, on January 10, after a sharp drop in prices by 40% , buyers began to build a new liquidity zone in the range of $125-130. During 3 attempts, the sellers were unable to push the price below this range. Thus, we believe that the initiative in the LTC market again belongs to buyers . To continue to grow with a target of $170-175 , buyers need to either test the $ 125-130 range again or break the $ 145-150 critical point within the current attack. Buying LTC now for short-term speculation is, in our opinion, risky. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
11
LTC-6h. A positive scenario - test of $220.On January 11, buyers failed to defend their local trend , in which the price of LTC moved from December 11. After living exactly a month, the trend broke. Sellers misused the chance to start a correction , leaving the liquid range of $126-132 under the control of buyers. The breakdown of the trend line forced many buyers to close their positions, after which the price began its movement in the new white channel. In a previous global idea , we wrote that we expect a correction after a slight increase to $169. However, given the trading volume and the nature of growth, we decided to consider another, more positive scenario of continued growth to the range of $200-220. Importantly! This script will take effect only after fixing the price above $ 169. The beginning of the fall in the price of LTC began after the unsuccessful fixation of the price above the range of $168-174. The sellers were able to stop the price and organize a spectacular correction of 33% . Given how firmly buyers have kept the range of $126-132 , we think that the consolidation of prices between these critical points is quite high. Given the strong growth trend , which has changed its angle of inclination, after a successful test in the range of $ 126-132, buyers will begin active growth with the renewal of the local maximum in the range of $200-220. __________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
5