LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS Hello, welcome to this LTC/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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CHART ANALYSIS:-Litecoin (LTC) was a notable gainer on Friday, as the token surged by as much as 8% in today’s session.
Following a low of $60.29 on Thursday, LTC/USD raced to an intraday high of $63.61 earlier in the day.
As a result of today’s rally, litecoin moved close to a key resistance level, hitting its highest point since last Friday in the process.
Looking at the chart, prices did not yet collide with the aforementioned ceiling of $64.00, which was last broken ten days ago.
This comes as the 14-day relative strength index (RSI) hit a key resistance level of 57.00, leading earlier bulls to abandon their positions.
As of writing, LTC is now tracking at $62.77.
This is not a piece of financial advice.
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LTCBNB
LTC/BTC (Potential Double Bottom 4H Trend Change?)LTC/BTC
-forming a potential double bottom reversal
-testing the top resistance of the box
-holding strong above 20ma>50ma
-if we see a break and closed above the resist
-buy orders are the perfect position to open
-upside target is the recent top at 6000
-key stoploss is low at 4600
LTC / BNB Long PositionLTC / BNB is at all time lows, we have to bounce here or it goes into free fall. There is no historical support any lower on 1W, 1D or any timeframe. The 1H and 4H candles indicate the start of a bounce. If we close below the previous low then there is no known support level remaining - there may be some violent wicks downards.
LTC/BTC TA Update (Must Hold Important Support)LTC/BTC
LTC is on a deep correction but still respecting this bullish descending channel which by probabilities should break to the upside.
The price inching closer to 0.768 Fib and previous resistance area which has the potential to become new support if this pattern breaks to the upside.
The RSI is still painting lower lows and lower highs, we still can not see strength from the bulls. Bearish side if 6000 sats breaks, there will be no support until 5500 sats level.
This is the game where patient bulls win the game.
LTCBNB Time to shine Bullish Technical analysisRead em and weep!
@a1mtarabichi
TP for short/mids/long backed by volume and 21 MACD giving the green light on this trade as a solid entry.
Link to #MCOBNB closed (from last week) panned out— link attached below.
Disclaimer
Train safely; this is not financial advise!
Have a great day.
My first analysis need help and advice's to progress :)Hi it's my first analysis. I am learning by myself. I recently traded LTC for BNB for 3.90 BNB and haven't well planned my exit scheme. So i found myself regretting this move since i am not sure if LTC will be strong enough (considering the upcoming halvening) against the BNB fury! I don't think i am gonna make profits out of this deal. But i am wondering if i can exit my trade @ 3.94 in the next ltc bull run .
Thanks in advance for your comments!
There is a trading opportunity to buy in LTCBNBTechnical analysis:
. LITECOIN/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (5.27 to 4.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5.27)
Ending of entry zone (4.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 5.96
TP2= @ 6.50
TP3= @ 7.40
TP4= @ 8.30
TP5= @ 9.15
TP6= @ 11.90
TP7= @ 14.15
TP8= @ 16.40
TP9= @ 19.60
TP10= @ 23.65
TP11= Free
There is a possibility for the beginning of an uptrend in LTCBNBTechnical analysis:
. LITECOIN/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (5.50 to 4.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5.50)
Ending of entry zone (4.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 6.50
TP2= @ 7.40
TP3= @ 8.30
TP4= @ 9.15
TP5= @ 10.0
TP6= @ 11.90
TP7= @ 14.15
TP8= @ 16.40
TP9= @ 19.60
TP10= @ 23.65
TP11= Free
LITECOIN still bleeding...Buy Green
Sell Red
//
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
//
it works good for stocks and cryptocurrency.
//
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
//
when a green dot -0.78% -6.68% -7.44% -7.44% appears you buy, if a green dot -0.78% -6.68% -7.44% -7.44% appears after that green dot -0.78% -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
//
the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
//
shorter time frames will be choppy.
//
larger time frames will be smooth.
//
*Daytrading smaller timeframes is possible but not recommended.
A trading opportunity to buy in LTCBNBTechnical analysis:
. LITECOIN/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (5.50 to 4.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5.50)
Ending of entry zone (4.70)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 6.50
TP2= @ 7.40
TP3= @ 8.30
TP4= @ 9.15
TP5= @ 10.00
TP6= @ 11.90
TP7= @ 14.15
TP8= @ 16.40
TP9= @ 19.60
TP10= @ 23.65
TP11= Free
A trading opportunity to buy in LTCBNBTechnical analysis:
. Litecoin/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (5.50 to 4.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (5.50)
Ending of entry zone (4.70)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 6.50
TP2= @ 7.40
TP3= @ 8.30
TP4= @ 9.15
TP5= @ 10.00
TP6= @ 11.90
TP7= @ 14.15
TP8= @ 16.40
TP9= @ 19.60
TP10= @ 23.65
TP11= Free
Litecoin bull flag activated The start of the month of July has come good for the Litecoin as it broke above the falling trend line for the first in more than 6 weeks. The price pushed above the trend line and went on a small bull run, reaching above 6.00. The last day-two, the price action has stabilized a bit, however today we are seeing more gains (+3.50% currently). This has led the coin to activate the bull flag pattern and it is now looking to test the next level of resistance - horizontal block connecting previous lows/highs. This block coincides almost to a pip with the bull flag measured take profit target.
Trading bull flags are not so often but once identified then it offers a great R:R setup. In this particular case, we are looking to risk 30 pips in order to make 60.
Entry: Current market price - 6.25
Stop: 5.95
Profit taking level: 6.85
R:R 2:1.