LTC/USD - Back on support. Bearish on the short term. 🙄 Litecoin tried to pump above $250 but was dragged down during the market dump yesterday and has failed to hold at $250.
For this reason we got to search for support at lower levels. We seem to have a nice ascending trendline which can act as support, if that won't hold us then the next trendline should do the trick.
Unlikely the market will dump again to the same extent as today we have slowed down considerable in the downtrend. Tomorrow will be decisive.
For now the bias is somewhat bearish because of the indicators. In the best case scenario we will consolidate at the current support.
Regardless LTC should have a strong performance in this bull market, despite such corrections.
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LTCBTC
LTCUSDT Technical Analysis⏳ Spot
💎 LTCUSDT after breaking out of the bullish flag it got back to the flag and has been going down since because there were not enough buyers to support the bullish move. Soon the second impulsive leg should start and we can open our trades
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 231.9 to 214.1
☕️ TP1 247.6
🍺 TP2 295.1
🍻 TP3 352.2
🍾 TP4 410.0
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 187.1 to 214.1
Good Luck 🎲
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Litecoin Rally starts December 9th 2021In my previous TA we caught that rally breaking from 200 to 300 , have a look below.
Now Litecoin is setting up for an even bigger move , this next one could be more explosive than the last taking it to all time high.
So right now price is hovering under the 8/1 Gann ratio, we failed to close any daily above it since its breakout and until we do break at 8/1 ratio and close a daily above we will not see an all time high. So the question is when does it break it?
Sometime in the next 30 days the 8/1 Gann ratio comes into a squeeze by December 15th 2021 and we have a very interesting Fib Time date on the 9th Dec 2021.
Fib Time Dates :
10th May 2021
20th July 2021
29th September 2021
9th December 2021
30th April 2022
These are very interesting sets of dates for a number of reasons , first of all the after placing the first two dates we get an impulse on the third which is a very good sign and increases the probability that we will get a reaction in the next two dates. So the next date is 9th of December 2021 that could very well be the date that Litecoin breaks the 8/1 ,I can see the price coming back down to 224 to the 0.382 Fib before we break 8/1.
Out of all these Fib dates the most important one is the 30th April 2022 , time and time again I keep getting Fib dates around this time. Chainlink, Alt Coin Market cap and many more seem to get Fib dates around May 2022, is it possible that Bitcoin tops out end of April and then 20-25 days later the Alt coin market tops out, if you look at 2017 top Alt coin market topped out 28 days after Bitcoin and even this year when Bitcoin hit 65k and topped out in April guess what alt coin market topped out 21 days later so if history does repeat Bitcoin/Litecoin cycle peak could be at the end of april 2022 with a altcoin market peak May 2022, I will link below previous TAs showing these Fib Dates.
LTC/BTC Pairing Combined with historic LTC/USDThis is another long term trend to be bullish on, I found this to be a great example of why I think that LTC is on its way back to where it deserves to be. The LTC/BTC pairing is interesting to follow because the price of the USD seems to go up no matter what. The price of BTC does not need to go down for LTC to gain value and rise out of this 4-5 year long descending wedge. And if/when BTC goes up? LTC often follows right behind. I have highlighted what I believe to be most of the key resistances in regards to dominance levels. Blue lines are the final levels before seeking new territories on either side. Green is where it is at today. If the LTC/BTC pairing were to chug its way back to the upper limits and 1 BTC was worth $50,000 the corresponding price of LTC would be 1250. I am not saying BTC will drop down there (I actually wish it would so I can get more). With all this being said, it is not unreasonable to think that LTC has broken out of this wedge just in time for a Christmas run up to some big numbers. All in all, as I have mentioned in my previous post, only LTC and XRP have been able to remain in the top 15 without having reached and surpassed their previous all time highs. They both have a proven stable spot in the crypto sphere, its only a matter of time before the market realizes they aren't going anywhere.
LTC 1WEEK IDEAHEY GUYS
LTC is going to have a pullback soon
whales and big traders saving their profit after 3 green weeks usually
much vol and staking litecoins still remain and working to start a super 2022
good position
powerful momentum
good volume
it will break the roof after this pback or maybe ranging til 2022
everything depended on BTC dominance
good luck
Litecoin about to skyrocketWith LTC having a circulation that's 4x bitcoins circulation, it seems LTC is following bitcoin in market cap by one bullrun.
This means that when we compare the prices, during bullruns Litecoin will reach BTC/4 high from the previous bull run.
2017 bullrun BTC reached a high of ~20k usd, depending on the exchange. If history repeats itself that would mean LTC reaches 20/4 = 5k usd during this bullrun.
Buckle up.
Litecoin LTCBTC - Falling wedge + bullish divergence! (Weekly)- On the weekly scale we can spot a huge falling wedge - bullish pattern.
- RSI indicator is printing a bullish divergence.
- Profit target is 0.618 FIB retracement.
- Litecoin can explode anytime right now!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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🚀 Last Shall Be FirstYou may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison.
While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for roughly seven years. All of a sudden, in 2020, the price jumped over 150% from bottom to high.
In the crypto world, you can see a similar pattern looking at Litecoin priced in BTC terms. The coin has never recovered from the 2018 bear market and remained firmly stuck into a steep downtrend. Finally, the market seems to have lighted up the spotlight on Litecoin, revamping the price action.
As a note, while hundreds of cryptocurrencies are out there that could fall under the category of shitcoin , Litecoin is one of the oldest native blockchains, which has run efficiently and with no hack or problem since its inception. On top of that, the coin is widely available on almost every crypto platform or exchange, so it has one of the broadest user-base exposure among all cryptocurrencies.
Is this a call to rush into buying Litecoin? Not necessarily. The main takes here are two. First, buying something that looks historically "cheap" may provide the best opportunities from a long-term perspective. Especially if what you are buying has proven over time to be solid and trustworthy. Second, you can also see Litecoin as a proxy of the risk appetite of the market.
When every coin already skyrocketed in price, in some cases, without being backed by much more than a viral meme, it makes sense to allocate more capital to coins with higher upside potentials. On the other hand, dinosaurs-coins usually get traction in the latest stages of a bull market, which can strengthen the case for planning an exit strategy or taking some profit gradually.
LTC - really dead coin or very overlooked potential?Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond.
Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc.
But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies here.
When it comes to chart you can notice huge bullish divergence on RSI. Price is at historic low accumulation level.
The price is close to breaking out of a falling wedge.
When ( and not if ;) ) you notice volume rise, Stoch RSI to break resistance (similar to the last bull run) better fill your bags.
I expect some resistance around 200 weekly MA and Anchored VWAP (blue line), but after they are broke path to the 340% and 480% gain is clear.
If LTC by some miracle breaks to the new ATH (compare to BTC of course, $ ATH are certain) my target is 1.618 Fib. extension which is aprox. 860% from current level.
Watch closely this trading pair and good luck!
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After LTC rally where do we come down to?LTC tested overhead, multi-year, linear resistance against bitcoin and the huge falling wedge pattern that has formed. Looks like this may be the mid-November correction like we had in 2017 (but it might not, never know for sure).
I don't think we'll see a 100% retracement like the last LTC pump and that's due to the bullish news of the token, but I do believe more profit taking is in order.
My look to re-accumulate is on 200 1H MA and 61.8% fib retracement where 1H RSI is near 30, somewhere around 0.00365 BTC. Totally guessing on this zone, could this be the last great buy opportunity for LTC before it breaks this 4 year old falling wedge and moons?.....
Here's why $LTC is about to #PUMP!This technical analysis was conducted to help you understand how Litecoin is headed for extreme highs.
After an indecisive period of consolidation that followed a 2018/2019 bear market, LTC soared for months right up to a few dollars shy of it's previous all-time-high (ATH) back in 2017. We can see LTC pumped 800%, meanwhile BTC 362%. The only reason why the ATH wasn't broken, was based on Elon's influential tweets we're all aware of, that essentially crashed the entire crypto market by 50% price wise. Lets talk numerical impact;
- As you can see on my chart LTC dropped 75%, the highest dump of all top 10 recognized cryptocurrencies worldwide. Dissimilarly, yet in the same timeframe, BTC dropped 51%.
- After that independently influenced micro bull market, to this day LTC has pumped 157% as opposed to BTC at 126%.
From these percentages, it is obvious that when LTC is bullish it pumps to extreme heights. However when it's bearish it takes a big hit. BTC has more stable shifts in momentum, but it's worth noting that LTC was so close to an ATH well before BTC got even remotely close. Now that BTC has reached a fresh ATH ($69,000), there's absolutely no reason why LTC can't do the same ($420+).
The reason why I'm confident that LTC will grow beyond the ATH region though, is based on the fact that the resistance line has been tested TWICE now, which weakens this trend line and strengthens the support line simultaneously. Keep in mind the supply limit of LTC is 4 times that of BTC, and the price difference of LTC is NOWHERE NEAR a quarter of BTC (yet). It's still regarded as cheap, even though it's the second most accessible cryptocurrency via physical ATMs.
Detailed LiteCoin analysis with Glassnode and BTCHello.
I believe in a rise of LiteCoin, and here I present the reasons.
Contextualization
Litecoin was the first major altcoin to be created after the emergence of Bitcoin, in order to reduce transaction costs.
Some analysts say it is outdated, as Bitcoin is already able to solve this problem through the Lightning Network.
However, it is noteworthy that the Lightning Network is not yet widely adopted.
Some exchanges and wallets are supportive, others are not.
Furthermore, although there are other cryptocurrencies with the same purpose, and which technologically might even be better (for transfer),
the fact is that there is still no definitive solution for this.
For example, some exchanges support Stellar Lumens (XLM) and some do not.
As LiteCoin is widely adopted by most exchanges, if the individual simply wants to make a transfer without paying a high fee, Litecoin ends up breaking that branch.
And in Glassnode's on-chain data, I see bullish data.
So I don't see a problem with holding Litecoin.
LTC/USD
On the weekly chart we can see an upward expanding wedge.
If the bullish cycle continues and the price breaks the last resistance of $400, the price will explode upwards with a possible high of ~500%.
LTC/BTC
On the graph against Bitcoin, we have a descending triangle.
If the price breaks up, the next resistance is at 50% of the Fibonacci retracement, with an approximate 50% gain potential in BTC.
Glassnode Analysis
1. Total USD Volume
The total amount of coins transferred on-chain. Only successful transfers are counted.
-> It reached the historical maximum in September/2021. He is about to retest that.
2. Number of New Addresses
The number of unique addresses that appeared for the first time in a transaction of the native coin in the network.
-> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs.
3. Number of Active Addresses
The number of unique addresses that were active in the network either as a sender or receiver.
Only addresses that were active in successful transactions are counted.
-> The value broke the historic high of January/2018, and since August/2021 it has been reaching new highs.
4. Price Drawdown from ATH
The percent drawdown of the asset's price from the previous all-time high.
-> When the value reaches the top, the whales are making considerable profit since the last support.
At that time comes the dump of achievements, and it's best to get out.
We haven't reached the top yet, so there's room for more climb.
Summary
Fundamentally speaking, Litecoin may not be the best payment method currency.
Bitcoin will sooner or later have solved the transaction cost issue.
However, while this does not happen, it still serves as a means of escaping high rates, because like it or not, it is widely adopted in several wallets and exchanges.
In addition, some ETFs and institutional players have a portion allocated in Litecoin. and sometimes altcoins go up more than Bitcoin.
Good winds!
Litecoin Ultra Bullish Cup&Handle and Bull Flag $2455 TPs#LITECOIN Ultra Bullish Chart Analysis:-
$LTC currently trading near to $265.
As per technical and fundamental analysis perfect illusration of Cup & Handle pattern In Monthly Chart.
And
In Monthly chart Bull flag pattern forming.
If Monthly Candle close near to or above $300 that would be Super bullish breakout chart.
Best Entry:- between $210-$260
Cup & Handle Pattern Target:- $2455
Bull Flag Pattern Target:- $3185
Targets:-
55x from Bull Flag Breakout
8x from Cup & Handle Breakout
Stop Loss:- Chart Invalid below Doted Line.
Support:- $200/$150
Resistance:- $280
#Suggestion by CryptoPatel:-
Must hold at least 1 Litecoin In Portfolio for 52 weeks atleast for best results.
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$LTCUSD BULLISH GARTLEY PATTERNLitecoin Price & Market Data
Litecoin price today is $263.98 with a 24-hour trading volume of $6,847,989,114. LTC price is up 15.5% in the last 24 hours. It has a circulating supply of 69 Million LTC coins and a total supply of 84 Million. If you are looking to buy or sell Litecoin, OKEx is currently the most active exchange.
What is Litecoin?
Litecoin (LTC) is a cryptocurrency that is largely similar to Bitcoin. Fundamentally, Litecoin is also a decentralized cryptocurrency which utilizes similar protocols as Bitcoin except for a few parameter tweaks. Much like Bitcoin, Litecoin also relies on proof-of-work for consensus and operates on a permissionless peer-to-peer network where users are able to transfer funds to one another without the need to rely on any central authority.
Who created Litecoin?
Litecoin was created by Charlie Lee in October 2011 as a spinoff of Bitcoin, and is considered as one of the early alternative cryptocurrencies (altcoins). Litecoin aims to be the “Silver to Bitcoin’s Gold” by taking on the best innovations of Bitcoin with a more lightweight approach to achieving Bitcoin’s noble goals.
The first block of the Litecoin network, or the Genesis Block, was mined on the 7th of October 2011.
What is Litecoins’ value?
Litecoin (LTC) is one of the top-10 cryptocurrencies, and is traded in over 300+ exchanges integrated with CoinGecko. The most common trading pairs are against Bitcoin (LTC/BTC) and Tether (LTC/USDT).
Much like Bitcoin, Litecoin also does not have a set exchange rate in the beginning, so its price is fully determined by the markets’ perceived value by supply & demand.
It is also worth noting that the block rewards of Litecoin follow the same halving schedule as Bitcoin, going from 50 LTC to 25 LTC, to 12.5 LTC and so on every 4 years. The next Litecoin halving is expected to happen sometime in 2023, where the block reward decreases from 12.5 LTC to 6.25 LTC per block.
How is Litecoin different from Bitcoin?
While Litecoin was created by cloning Bitcoin’s codebase, there are several key differences:
Block time. The Litecoin Network targets a block time of 2.5 minutes, while the Bitcoin network targets a block time of 10 minutes. This means that transactions can confirm faster compared to Bitcoin, and the network has a higher throughput.
Maximum supply. The Litecoin protocol states that there can be a maximum of 84 million Litecoin, while Bitcoin has a maximum supply of 21 million Bitcoin.
Proof-of-Work Algorithm. Litecoin uses a different proof-of-work algorithm called Scrypt, while Bitcoin uses the SHA-256 algorithm. Scrypt is a memory-hard algorithm which was initially created to be ASIC-resistant.
Address. Litecoin addresses start with either “L” for legacy, non-Segwit addresses or “M” for Segwit-enabled addresses. Bitcoin addresses start with either “1”, “3” or “bc1”.
Litecoin Development
Since its inception, Litecoin has closely followed Bitcoin closely. Litecoin’s core protocol updates are mostly based on Bitcoin’s core protocol updates.
At the height of the scaling debate in 2017, Litecoin was the first among the top 5 proof-of-work cryptocurrencies to adopt Segwit in May 2017, with Bitcoin following a few months later in August 2017.
In 2019, Litecoin creator Charlie Lee announced that Litecoin will be planning for private transactions using the Mimblewimble protocol (popularized by Grin and Beam). Development is currently underway and it was announced that testnet is expected to be available some time in September 2020.