Litecoin has massive pump potential LTCUSDon the LTCBTC chart the 1.618 fib level is a point of interest, where price will likely be rejected bullishly with aggression
As has been observed in the past
On the USD pair a Golden cross has been recently observed, the previous golden cross on LTCUSD led to the ATH
Will we see ATH this year? likely.
Deathcrosses in red, golden crosses in green
(1) is a comparison point of very similar price action
LTCBTC
Lite Coin (LTC) - July 13Hello?
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(LTCUSD 1W Chart)
If the price is maintained above the 93.716-118.500 range, we expect the uptrend to continue.
(1D chart)
If it rises from the 119.462-149.307 range and maintains the price above the 149.307 point, it is expected to turn into an uptrend and rise.
If it declines from the 119.462 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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(LTCBTC 1W chart)
It should rise in the 0.003633-0.005486 section of the bottom box.
If the price is maintained above the 0.008100 point, it is expected to create a new wave.
(1D chart)
If it finds support and moves higher in the 0.004187-0.004484 zone, I would expect it to turn into an uptrend.
If it goes down, you should check to see if it finds support in the 0.003633-0.003834 range.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
LTC about to takeoff against BTC!!!Litecoin has been getting held down heavy with this downtrend resistance and today we are seeing a big push up and through this resistance, we could be seeing the start of LTC really starting to regain its value against bitcoin. We got a very nice bounce with the MACD our blue MA is pushing higher and starting to separate away from the orange which is a very positive sign for a nice little run. We could see our histogram start another cycle of bullish bars after we saw a pretty brutal 3 cycle bearish histogram recently. We are upcoming on a very key pivot point where we could see a flip to the bulls side, we have to make sure we secure this PP and are able to hold onto it before i could really say we are seeing a full reversal. On the very positive side we are looking at the bollinger bands and we are very close to that top band which 99.9% of the time is a very bullish sign. if we can push up into the top band we have a high chance of taking that top band for a decent ride to the upside most likely smashing us right through that pivot point and probably upto that first resistance level, i think we are going to have a bit of a slow rest of the month for crypto and mostly altcoins but i believe we could be seeing the start of the build up before we see our next leg up, which i personally think could happen in august. Not financial advice just my opinion!
LTC/USD (Range at Monthly Key Area?)💎Technical Analysis Summary💎
LTC/USD
-Litecoin is currently trading just above the monthly key area
-Looking at this monthly timeframe, it is more likely to trade sideways
-If we will follow the projection of the upward trendline
-LTC is either move in range until the end of 2021 before deciding to higher or break support
-If you are planning to enter a long term position
-Please wait for the price to build a base of support
-I know this will take a long time to process but will reduce the risk
-You need to practice discipline and always have a trading plan :)
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LTC BTC - from bottom to top within 4-8 weeks on AVERAGEAccording to historical performance, LTC only takes 4-8 weeks to go from the macro bottom to the macro top.
If BTC recovers properly within the next few days, I assume for history to repeat. For all those who are blind, if BTC has not been manipulated (according to on-chain data this has clearly been the case) to -55%
then LTC could have already seen 0.015 BTC by now, just like ETC which followed right after the ETH euphoria.
LTC/USDT ( LiteCoin ) Still Potential $700 ( 500% from here..? )#LTC/USDT Bullish TA Update:-
$LTC currently trading at $128
And Last Month All time high was $413.91
And almost -75% dumped from All time high in this week.
So I think this is Entry zone.
Why entry..?
In 2017 #Litecoin Pumped and All time high was $420 and after hit ATH it dumped -76% and again pumped 144% from Dumped level.
So Now also Dumped-75% and I can expect 144% pump from here and Target will be $260
2nd Reason Why entry…?
All coins hit their All time high but $LTC still not hit All time High after 2017
So I am expecting New All Time high from Litecoin also.
My Personal view LTC can hit New ATH.
Entry:- $115-$130
Targets:- $178/$264/$419/$700
SL:- $104
Support: $127/$79
Resistance: $178/$260/$420
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Lite Coin (LTC) - June 24Hello?
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(LTCUSD 1W Chart)
We need to see if we can continue the upward trend by rising more than 164.500 points.
If it falls from 93.716-122.700, there is a possibility of entering the mid- to long-term investment area, so careful trading is needed.
(1D Chart)
We have to wait and see if we can get support from section 119.462-149.307.
In order to shift to the upward trend, at least 149.307 points must be raised and supported.
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(LTCBTC 1W Chart)
If it rises above 0.008100, it is expected to create a new wave.
We need to see if it rises above 0.005486 to escape from the floor section.
(1D Chart)
Support at 0.003633 and see if it can rise above 0.004187.
In order to shift to the upward trend, at least 0.004187 points must be raised and supported.
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It's better to make a deal that matches your average unit price.
This is because if the price is below the average unit price, which has been on the rise and falling trend, there is a high possibility that the psychological burden will not make a big profit.
The center of all transactions starts with the average unit price at which you start trading.
If you ignore this, you can proceed with the transaction in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and control the portion of the investment, ultimately allowing the funds to generate revenue on their own.
---------------------------------------------------------------------------------------------
** All indicators are posterior indicators.
Therefore, you should be aware that the indicators move according to the price and volume of transactions.
I'm just talking upside down for an interpretation of the indicators for convenience.
** The wRSI_SR indicator is an indicator created by adding settings and options from an existing Stochastic RSI indicator.
Therefore, the analysis is the same as the existing Stochastic RSI indicator. (K, D wires -> R, S wires)
** The OBV indicator was re-created by applying the expression DepthHouse Tracking, which is an indicator released by oh92. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee gains or losses on investment.
Abbreviation description shown in chart
R: A point or section of resistance that requires a response to preserve revenue.
S-L : Stop Loss Point or Section
S: Points or intervals that can be purchased to generate revenue from support points or intervals
(Short-term Stop Loss is a point where a split transaction can preserve gains or losses or further entry. It's a short-term investment perspective.)
GAP refers to the difference in prices that occurred when closed because the stock market, CME, and BAKT exchanges do not trade 24 hours a day.
G1: Closing price when closed.
G2: Poetry at the opening.
(e.g.) Gap (G1-G2)
LTC/BTC on track to new cycle highThe trend will be true under the following assumptions:
- BTC 2021 cycle ends around the 3rd quarter of 2021
- BTC continues with the overall uptrend
I assume a rather quick run up, based on previous behaviour.
The upper line is the most conservative one, which is why I consider it low risk up to that point.
To reach a value of approximately 0.014 BTC for each LTC requires no euphoria. WITH euphoric growth however (starting above 0.015 BTC), targets far beyond the upper trend line will be reached.
LTCUSD 1D Short-term/Day-trading SHORT/BEARISHLTCUSD 1D Short-term/Day-trading SHORT/BEARISH - Litecoin has seen an incredible resistance at the 0.5 of the Fibonacci Retracement, we currently see a little support on the 0.236 of the Fibonacci Retracement as well so this is what can happen, if the 0.236 of the Fibonacci holds a strong support than $164.39 was the LOW of the downtrend, if we break the 0.236 than our next target is the Daily @ $166.58 where we might see support, if we lose Daily $166.58 than we proceed in a strong downtrend and our next support is at the 0.618 of the Fibonacci Extension ($162.97) HAPPY TRADING!
Litecoin LTC Daily Close 160/172 RangeWeek ago I posted a few times about the daily candle of LTC, showing that i was important for the bull to keep the close above 160. On the other hand, it also seemed as if bears were defending the 172 (maybe 176) daily close. So far bulls managed to hold the support and 2 days ago the 172 broke. Because BTC seems to be in a correction wave (assuming 38.5kish holds), but LTC and most other alts are much weaker still. So on the left we can see that bulls have failed to hold the 172 support, but the we still have half a day left. Even if we close below 172 doesn't mean we dump, but obviously is not good at all.
Maybe the weakness past days was because of that trend line on the left, would make sense because BTC never broke the 40/42 big resistance zone, so it could be that alt buyers are still not confident to really buy if BTC doesn't really make huge steps. We should not forget, alts were mascaraed past month. I also keep hearing more often that people have been selling their bags lately because they don't feel confident about it. This sentiment, fits perfectly in a bullish version, to see people sell at the lows and then see them buy back much higher (and help the whales who are buying the lows) to push through the resistances. This part here are just assumptions of course, but for the ones who lived through 2018, know that most people are very bearish/negative/hopeless at the lows and the opposite at the highs.
Anyway, the TA part. If we would see LTC hold 166/7 today (that possible channel on the right), there is still hope. Think if we break this level, would be very difficult to be bullish short term. So that is the first part bulls need to show.
Second, a realistic scenario, assuming BTC won't dump but alts still remain weak, is the blue line on the left. If we would see the coming days, that LTC stays very close to that black resistance line, like 2/4 days, chances will be very big to see it eventually break and see a breakout up. So, this scenario would be the easiest one to play, I have good experiences with this setup.
So bulls do not want to see a daily close below 172ish, obviously the higher it gets above the 172 the better it is. If the 176ish breaks, it's neutral to slightly bearish to me. Think a daily close below the 160ish, is probably very bad news. Think that would also mean that Bitcoin probably failed in it's attempt to break the 40/42K coming week and start to dump again.
Big picture, as long as we do not see a 20/30% plus day for alts coming week or 2, even if BTC rallies, i think for alts it will be very limited. We saw these period in 2018 and 2019 as well, where BTC was doing it's thing but alts were underperforming big time and eventually everything was crashing again. So a 20/30% day has to happen at least once!
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