Litecoin is posting higher lowsLitecoin
Intraday
We look to Buy at 43.64 (stop at 41.44)
We look to buy dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 43.50. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 50.73 and 54.19
Resistance: 51.00 / 56.00 / 74.00
Support: 43.50 / 41.61 / 30.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTCBTC
26% DOWN in 1 DAY!!!Litecoin
Intraday - We look to Sell at 45.89 (stop at 47.18)
Preferred trade is to sell into rallies. A sequence of weekly lower lows and highs has been posted. Risk/Reward would be poor to call a sell from current levels. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today.
Our profit targets will be 41.13 and 39.19
Resistance: 45.00 / 56.00 / 74.00
Support: 43.00 / 35.00 / 30.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Mimblewimble & Litecoin's Textbook T.A. launch TriggerMimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022, just 4 days away.
We have seen a multi-year decline in Litecoin's ratio versus Bitcoin. This is very similar to the declining imperfect resistance line, we had seen in the 2014-2017 period. This alone from a pattern recognition perspective is interesting but the sole reason to be entering this trade. I believe this swing trade is reaching the ideal entry zone, due to an almost identical bottoming pattern that we have witnessed.
We have seen a very similar pattern highlighted by the Orange and Green circles.
>>> The Orange Circle highlights the break out of the multi-year declining resistance line. This is followed by an around 30% decline in the ratio, in a short period of time.
>>> The Green Circle highlights the bottom area, from where the LTCBTC ratio finds support on the declining resistance line. This was followed by a large move to the upside in the 2017 example. This is a textbook trading signal of a reversal.
I believe their is a 5-7x potential return on this trade. Ratios can even fluctuate in sideways markets, this makes this ratio trade particularly attractive in this volatile environment. Potential to profit on the LTCBTC ratio 5-7x, plus the predicted rally in Bitcoin over the next year (30->150k?).
Litecoin ready to drop!!Litecoin
Intraday - We look to Sell at 60.68 (stop at 62.08)
Preferred trade is to sell into rallies. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. Risk/Reward would be poor to call a sell from current levels. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today.
Our profit targets will be 51.94 and 49.10
Resistance: 61.00 / 70.00 / 74.00
Support: 58.50 / 51.00 / 40.00
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Cryptos aren't backLitecoin
Intraday - We look to Sell at 66.96 (stop at 68.79)
Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 67.00. We have a 50% Fibonacci pullback level of 67.18 from 73.92 to 60.45. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 60.44 and 51.10
Resistance: 67.00 / 73.00 / 98.00
Support: 60.44 / 52.00 / 50.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin (LTC) formed a huge bullish Gartley for upto 1350% moveHi dear friends, hope you are well and welcome to the new trade setup of Litecoin (LTC).
On a monthly time frame chart, LTC has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Feeling lighter?Litecoin
Intraday - We look to Buy at 65.02 (stop at 62.98)
Price action continues within the short-term bearish trend channel. Previous support located at 65.00. A move lower faces tough support and we remain cautious on downside potential. Trading has been mixed and volatile.
Our profit targets will be 73.19 and 85.00
Resistance: 74.00 / 82.70 / 88.00
Support: 68.00 / 65.00 / 61.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin: Where next? Litecoin
Intraday - We look to Sell at 72.96 (stop at 75.42)
Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Preferred trade is to sell into rallies.
Our profit targets will be 65.40 and 51.10
Resistance: 73.00 / 80.00 / 90.00
Support: 65.00 / 60.00 / 50.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTC / BTC: Will MWEB upgrade save LTC?Litecoin has underperformed compared to many Alt's over the years. But everyone has atleast heard of it, as it was one of the first for many years that Coinbase offered. Part of "The Big Three"
As it slipped off the radar for many it is a solid coin. P2P and PoW, it's simple fundamentals make it great.
It's scrypt algorithm makes it good for miners as there is lots of scrypt miners running always mining the most profitable scrypt tokens. So we fundamentally have the computing power to sustain it's network transactions.
Well now the MWEB will turn litecoin into a Private Currency. Like XMR, Dash, ZEC, etc. Very strong performing coins.
The upside to LTC is that it's in almost every exchange. It's been around for many years.
A bullish falling wedge has been forming. & it's still at rates from 5 years ago. BTC and ETH blew it out the map with it's performance gains these past 5 years.
Here is one thing about LTC... When it pumps.... it pumps, there is no waiting.
I personally believe the blue path will take play. & We will see $1500 LTC in the months to come.
Historically LTC Surges, 100% of the time if this Pattern OccursSince the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC. Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
Pivotal Point for this 4 Year Reliable Litecoin Trading PatternI'd suggest checking out my previous post. In it you will see how the Inversion of the 50 Day SMA to the upside, has been a reliable predictor of a larger surge higher. This has occurred 11/11 times the 50 Day SMA has inverted higher, since the start of 2017.
We have witnessed a slight inversion but have not seen significant follow through, being the Ratio rapidly rising in Litecoin's favour. Without a rise over the next few days, we will see the 50 Day flatten out. Both breaking a reliable trading pattern. Also likely forecasting another month in this wedge.
I believe it is currently more probable to see a move to the upside. If we see a flattening of the 50 Day SMA or tilt lower. I believe that the the risk in this trade goes from Low (currently) to medium. A break down from the wedge, would be very bearish. We would be back into HODL territory.
LTCBTC Wedge is the Reversal Pattern needed for Explosive Move!>>> Litecoin has reached the lowest levels relative to Bitcoin in its History.
>>> Litecoin/Bitcoin has also broken out of a multi-year downtrend, almost identical to the previous cycle.
>>> LTCBTC Wedge is a very reliable pattern. LTCBTC is finding support in this wedge, suggesting a similar pivotal point is approaching.
>>> The Pivot Trade:: This is one of the best, if not the best swing trades present in the cryptocurrency. Focusing on the LTC/BTC Ratio is key for understanding this trade.
>>> Since the start of 2017, Litecoin's 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with other factors suggest a high probability of an upwards move.
Hold the Line.
>>> Due to the the 500-700x returns possible if the same pattern repeats. This provides a great option to diversify your trades. Every other stock and crypto seems to be in the red. Falling against the US dollar in the short term. This is the reason why a Ratio Trade provides the best Reward to Risk profile in the Market.
Goodluck Chaps. Have a longer break down on my YouTube channel FortunaAlgoAnalytics. Will post a recorded one here soon.
Litecoin Perfect Entry time and Target is $3000
#LTCUSDT Technical Analysis:-
Currently LTC trading at $65 and It dumped around $50 so I picked at lower.
- #LTC best accumulation zone = $40-$60 if dip then I will buy more
- Breakout + Retest already done in high time frame
- Targets = $126/$206/$433/$1019/$3000
- Long Term Target For $LTC = $3000
- I am supper bullish in Long Term
LTCUSD - Litecoin Halving's Plotted on the chart in orange are LTCUSD's three and most relevant halving dates, with the third being yet to come until July 25 2023
The first halving and the third show similarities, in that they both are experiencing a bull move that will lead to a bull market before the halving
The first one took a long time to materialize however with a long period of low price volatility. I'm going to assume that a phase like this will be skipped on the third halving and bull action will come as the halving comes
This is purely due to the age of the coin
Right now is a great entry into LTCUSD
#LTC/USDT 1DAY UPDATE BY CRYPTOSANDERS Hello, welcome to this LTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
#LTC/USDT
As we can see in the above-mentioned chart LTC is just a triangle pattern and currently moving down to retest so at the green zone or the upper trend line we can take a long position for almost 230% in the upcoming days.
Entry:- $89,$97. ( SPOT CALL )
Traget:- 230%
Stoploss:- $76.5
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Litecoin (LTC) - May 6hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(LTCUSDT 1W Chart)
(All: )
An important volume profile interval is the interval 55.7-81.3.
However, as it fell below 101.1, it is showing a movement to enter the mid- to long-term investment area.
If it moves above 101.1 and moves sideways, I expect it to turn into an uptrend.
As you get closer to the 55.7-81.3 section, you need to check whether there is a movement to defend the price with a sharp movement.
This is because this movement is thought to be a force to create a new wave.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
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Historically LTC Surges, 100% of the time if this Pattern Occurs>>> LTCUSD note: Since the middle of 2018, Litecoin - USD 50 Day SMA average has inverted upwards 8 times. The 8th time is occurring as we speak
7/8 times this has Chart Pattern occurred, it has been followed to a rise of LTC against USD . Will this be the 8th repeat?!?
>>> LTCBTC note: Since the start of 2017, Litecoin - BTC 50 Day SMA average has inverted upwards 12 times. The 12th time is occurring as we speak.
11/12 times this has Chart Pattern occurred, it has been followed to a rise of LTC against BTC . Will this be the 12th repeat?!?
Although this type of pattern recognition, is not my favourite sole type of analysis to use in entering a position. I believe this combined with my other reasoning in previous posts, is further confirmation that we will see the predicted rise in the next few days/weeks.
Hold the Line.
Litecoin - MWEB imminent Really not a fundamental trader, and usually fundamental events are sell the news.
Could see a narrative around the entire 'left vs right' privacy and free speech vs control..
if MWEB is added to Litecoin, it then means it can also be added to Doge and Bitcoin.
I'm positioning long.
I am managing my risk.
Good luck!
Is LTC about to EXPLODE against BTC?!Litecoin, quite the sob story for the past year.
Despite many if not most tokens sitting well above ATHs from 2017 LTC is still well below.
But is it about to turn and rip?!
Against 2017 LTC:BTC price ratios, LTC *should* be around $1200 currently, but yet it sits around $200.
The fact the there are now more LTC wallets active than ETH wallets : www.fxstreet.com
It's one of the oldest blockchains in crypto: bitcoinist.com
And now major US banks (like US Bank) are now offering custody service for LTC: www.cnbc.com
Leads me to believe this token is prime to send it.
Looking at the LTC:BTC pairing this token has a clear falling wedge defined and is currently sitting in it's historical low range. Weekly RSI is building in lower-highs and holding linear uptrend, and we have a double-bearish oscillation on the MACD, which has rarely happened with this pair, suggesting possible oscillation to bullish. Not to mention a bullish engulfing candle on the weekly.
It's possible this token is dead and gone. A lost relic of crypto past. But it's also possible this token is a sleeping giant, ready to go huge.
If the market keeps climbing and LTC can break out of this falling wedge LTC to $2,000+ would not surprise me at all. BUT, we could break further south and this token could be a dud. As always risk management is key but also sometimes you fall into a great opportunity to start building long....