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Litecoin (LTC) - 6h Global target $455Buyers have chosen a fairly calm tactic after the recent correction of the LTC market. An active wave of decline, which lasted from April 17 to April 25, ended with a halt in the Litecoinusd price in the range of $220-230 . If we look at the chart, we can see that each hit on a given liquid area occurred at large volumes. And it was after a short consolidation in this range that buyers' counterattack began. However, this counterattack looks much weaker in the nature of the price movement than the previous wave of decline. Buyers have organized movement within the local black growth channel and are heading for renewal of the high. Today's attempt by sellers to break through this channel failed. However, it is too early to talk about a confident fixation of the LTC price above the range of $280-285. It is worth waiting for the close of the 12-hour candle. As long as the LTC price is within this channel, buyers will feel confident and continue to push the price with an ultimate target of $455. However, not everything is so simple in our opinion. If we analyze the chart of the LTCBTC pric e movement, we can see that buyers managed to break through the global trend line of the falling channel: In this channel, the price of LTCBTC has been moving since September 2019. The importance of this trend line can be seen in the trading volumes on April 16. Even due to large volumes, buyers were unable to close the daily candle above the white channel of the fall. Thus, according to the LTCBTC chart, a new powerful impetus for Litecoin growth is possible after the price fixes above the range of 0.0054-0.0057 . If by that time the price of BTC can gain a foothold above the range of $60,000-61,000 , we will see a powerful wave of growth in the LTCUSDT market with a target of $455. This target can be clearly seen on the daily timeframe: As you can see on the chart, the LTC price moves in the trend channel in the pair against USDT. However, in this case, it is a growth channel from January 2021. This trend movement will end if sellers manage to gain a foothold below the mark of $220. However, if you look at the trading volumes from April 17 to April 25, it becomes clear that the range of $220-230 is very important for buyers. There have never been such large sell volumes in the history of LTCUSD trading. We think that after such an aggressive wave of decline, sellers will not leave so quickly. We expect to see a retest of the $ 220-230 range, from which buyers will start a new growth momentum. _____________________________________ 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
41
LTC - Testing Resistance (As you asked)It's retesting the resistance for the 4th. time now. It's also pushing up the Bollinger Bands which is a good sign of strong Buy volume. Open your long positions right after the breakout happens. Wait for the first 4H candle above the resistance area so we can make sure it's confirmed. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
4
#LTCBTC 😊 +40% in one month LONG [TrendIsYourFriend]Dear LTC Friends , market correction is time to BUY deep or stick to your position! Trend Is Your Friend , Don`t worry about side wind! Today -20% dropdown in marcetcap is normal in crypto, this is a signal that got up strongly in the next month, don`t worry too much , keep on the bright side and ride the trend line. Wait to the midle of month to see prediction #LTCBTC 0.0006778 or simplly +40% on your BTC balance 🙏 Regards ! BINANCE:LTCBTC
Long
by Crypto_MKD
LTC/BTC POTENTIAL PARABOLIC OUTCOME (DOGE/BTC COMPARISON)The LTC/BTC ratio has the potential to move in a similar crazy parabolic fashion as has been seen for DOGE/BTC. Its non-serious nature and reputation as a meme within the crypto community together with a social network effect from the likes of popular figures in the tech sector have made Dogecoin a popular choice among new traders using brokers such as Robinhood. Fundamentally, Dogecoin and Litecoin make use of the same Scrypt POW mining algorithm. Litecoin and Dogecoin can be merge mined and nearly 90% of Dogecoin’s total hash rate comes from large Litecoin mining pools, with its blockchain processing around 30,000 transactions per day. If LTC/BTC follows the same path as DOGE/BTC then the ratio could reach extremely high numbers within the range of 0.05 - 0.2 LTC/BTC. This of course does not mean that this will happen but it is interesting to see the striking resemblance between the two ratio chart patterns. Fundamentals: Dogecoin and Litecoin are merge mined Both use the Scrypt POW mining algorithm LTC is traded on Robinhood the broker popular in the US with beginners and other Reddit netizens and BTC still has room to grow in the current macrocycle and the entire crypto market cap has room to grow during the altcoin bull run as new money flows into the market. Technicals: LTC has a similar chart pattern compared to DOGE and therefore has a chance to play out the DOGE fractal pattern Monthly MACD histogram is about to flip green Bullish Divergence on weekly MACD Stochastic RSI on the monthly is oversold Bollinger Bands on the monthly are about to expand indicating an increase in price volatility Monthly EMAs on the weekly are poised to cross (20 weekly EMA about to cross 50 EMA) Monthly PSAR has flipped bullish TL;DR Litecoin go up, much wow!
Long
by lightknight
3
Litecoin (LTCUSD) LONG $385-430 A quick analysis on Litecoin (LTCUSD) 1) Looks like Wave 5 is doing strong and quick in the above diagram 2) Reached the first target of $360 at FIB 50% 3) Strong liquidity (take profit) event will come at $285 as it will cross 2018 $375 all-time high to make new ATH at FIB 61.8% ($285) 4) If the market still holds it might shoot to $405 (or) $430 to FIB 70% or FIB 78.6 % extension Summary : ------------- 1) Looks like the bulls/buyers are pumping the market to reach ATH ( all-time-high ) to $385-$400 2) Take partial profit around $385-$400 before the party is over Happy trading, feedback is always appreciated
BITFINEX:LTCUSDLong
by JAN360