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LTCUSD

LTCUSD: Potential Formation of a Trendline ChannelLTCUSD is hinting at the potential formation of a trendline channel, indicating a structured path that could dictate its price movements going forward. This development suggests a clearer direction for LTC's future price action, offering traders and investors a visual guide to understanding possible support and resistance levels. As LTCUSD carves out this channel, market participants will be watching closely to identify opportunities for strategic entries and exits, based on the channel's trajectory. This pattern emphasizes the importance of monitoring trendlines for those looking to capitalize on LTC's market movements.
Long
by awsmtrades
Litecoin, Close To Strong Support-Level, Here Are Next Steps!Hello, Traders Investors And Community, welcome to this analysis about the current formation and price action forming in litecoin, there are some significant signs I detected on the daily time-frame. At the moment litecoin is whether confirmed bullish nor confirmed bearish this is why we are still in an indecisive-phase here and the next time will show how litecoin will proceed but litecoin has some good support levels below which can indicate a reversal to the upside when these levels confirm properly otherwise it can still fail and fall to the downside when confirmed below the major support in the structure. What we need to keep in mind in the actual situation is that litecoin is still trading below the predominant EMAs you can see in my chart marked in blue with the 20 and 50-EMA already don't cross bearish or bullish this is why the current structure has to be confirmed in the proper direction as you can see it in the past months we had this EMA-confirmation litecoin confirmed either bearish or bullish, this signal is can come the next time when litecoin decides to take the upright direction before we do not see this EMA-confirmation-crossover litecoin is still in an inconclusive market. When considering the bullish scenario we have an important support-level which is the key 61.8 % Fibonacci-support, it is marked in grey in my chart, when we touch this level it is within the high likelihood spectrum that we will get a bounce there because that level at 37.6 also matches with other support/resistance price levels litecoin formed in the past. It is a main task for litecoin to hold that level when bounced there otherwise when we fall below it there is a probability given that litecoin continues bearish to the downside because when the 37 level is crossed down there will be much berarish pressure below that level. The next time we can expect that litecoin will test the 61.8% Fibonacci-support when it succeeds and forms support there we can contemplate more upside for litecoin and at least testing the higher levels in the overall structure, in this scenario it is also important that we take out the falling grey trend-line you can see in my chart. After that there are the 50 and 58 levels remaining to test for litecoin in the structure. To confirm bullish here we need to see at least the bullish EMA-confirmation because that was a high successful indicator for litecoin in the past it can confirm the further uptrend here. Recall that it is highly important for litecoin to hold the 61.8% Fibonacci-support here otherwise when crossed to the downside the whole picture turns more to the bearish side. In the current situation, litecoin has to decide if it is strong enough to hold the proper support, therefore, it is important to wait and see how it develops which wise traders should almost always do. With opening a long-position it is important to wait on the confirmation before placing it which is the best idea in such a structure, we cant trade what we think we need to see the right confirmation before taking advantage of the opportunity, this gets highly important with the current layout in litecoin. Thanks for watching, support for more market insight and good weekend everybody! ;) Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
6
Litecoin, Major Up-Trend-Channel Broken, Testing Higher Levels!Hello, Traders Investors And Community and welcome to this analysis about the price-structure we are facing in Litecoin at the moment, there are some heavily significant signs which I detected in the chart, we saw high volatility the last time catapulting Litecoin more than 18 % to the downside in just one day after Litecoin formed a fake bull-flag. This shows one more time that the cryptocurrency market is highly volatile and therefore this volatility shouldn't be underestimated. I also made an analysis of Litecoin with a more middle-to-long-term perspective which I recommend you to see when going at my account and look at the analysis regarding this to have a full overview of the price-action we are looking at. This is an analysis of the locally 4-hour time-frame so let's go. When looking at my chart you can see that Litecoin held a major uptrend-channel with its belonging up-trend, there were however several signs that the reversal was possible as I already mentioned in the previous analysis. Litecoin where one cryptocurrency with a relatively weak uptrend compared to bitcoin and ethereum and therefore it was in the possible spectrum that we got the bearish move to the downside we faced now. As you can see also in the chart Litecoin traded in a fake or false bull-flag, this is a formation which is suspected to be a bullish breakout pattern but actually breaks to the downside, there is however not a big percentage of probability that it turns out to be a fake one but in this current case, it happened. In the next hours and days, we can anticipate that litecoin will test its remaining higher levels in the structure as the market is slightly oversold in the short-term basis and probably confirming the fake bull-flag you can see in the chart. Presently we can contemplate that litecoin has overall more potential to the downside as we saw these important bearish move indicating the further bearish continuation. The fact that we had this major high volume and bearish volatility is more bearish than bullish and it was not seen in the overall weak uptrend before. Therefore the likelihood is high that we will continue after litecoin tested the higher resistance areas. The situation right now is a situation where litecoin has a high possibility to form the setup for the next leg down, this is currently the most likely scenario and has to keep in mind but that does not mean litecoin will continue bearish till it gets to zero like many people predicting now and that the bullish phase is over there are still some support levels at the way and therefore we will see if we can stabilize there and how the further possibilities will play out. Many people calling for the complete bottom now, this is a mere speculative tendency and we should keep a cool and rational head to assess the market as best, therefore, we need to see if the bearish signals increase or if we can stabilize on the way down and don't fall for the mere speculative tendency we see so many times these days. Thanks for watching, support for more market insight and all the best! The market-conditions are often the real source of truth. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
5
LITECOIN Is Trading On the Edge, Time To Make A Decision!Hello My Dear Traders Investors And Community, hopefully, everybody od you are doing well, today I have a look on LITECOIN and what we can expect from the next days and weeks, there are some interesting technical observations I made looking on the 4-hour time-frame. As I already pointed out with ETHEREUM we are still in an important zone, the same is with LITECOIN but we a different edge in the overall chart-picture. Therefore let's have a calm look at the current situation. Feel free to support for more market insight, my friends! Now, when looking at my chart we can see that LITECOIN is trading in a major up-trend channel, you can see this channel marked with the grey trend-lines which go to the right loft of the chart, this is an important up-trend-channel for LITECOIN because it touched several times on the lower-trend-line of the channel, as you can see this marked in my chart with the purple circles, that shows the high significance of this up-trend-channel, when we cross below the channel this will be a bad bearish sign for LITECOIN and the falling downtrend channel which you can see in my chart will be intact therefore in this scenario a high possibility is for more downside is given. What is a good sign currently is that LITECOIN is trading on an important bullish support-zone which you see marked with the orange box and the black trend-line, we have support in this area from past price movement and also it is building a logical coherent confluence-zone with the up-trend-channel. Therefore the possibility is given that we will see a bounce to the upside from that level, this scenario is confirmed when we cross the falling downtrend channel to the upside, but be aware! This can also be a fake-breakout with a bounce-back down after the test failed, therefore, we need a concrete confirmation with good momentum in this range. Both scenarios can be traded accordingly to the structure but the right scenario either the bullish or bearish should be confirmed rightly as I already mentioned! For the bearish scenario, the logical breakdown of the up-trend channel to the downside with a definite trend-continuation in the falling down-trend-channel can be traded after confirmation with a conservative SHORT-entry. The bullish scenario can be traded after we confirmed above the falling-downtrend-channel and above the orange box you see in my chart. In both cases, we have to wait and don't rush in an unsuccessful trade which goes in the other direction, this is what a good trader should always keep in mind to take the opportunities with the highest probabilities, in this case it will be when either scenario has confirmed properly! In this manner have a good day friends ;) Feel free to support for more market insight. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets
KRAKEN:LTCUSD
by VincePrince
10
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today. As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure. In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside. We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from. When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside. This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate. I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. For more market insight follow. May all luck and happiness come to you ;)
BITFINEX:LTCUSDShort
by VincePrince
17
LTCUSD - bears looking to the ground! Hello traders and community! Looking on the current cryptomarket situation, LTCUSD is forming an interesting pattern which is worth to look at. On the daily timeframe you can see that LTCUSD is forming an triangle-formation. This is a pretty worthy signal because we have several factors which make clear that LTCUSD will make some more legs down. In my chart you can see that LTCUSD already confirmed the blue trend line and is now in a triangle-formation which normally in this situation breaks to the downside. The blue trend line is important because it is a 202 days old one which is broken now! In my chart you see the 38.2 % retracement of the overall bullish trend LTCUSD set in the past, it is also the triangle target! So two important levels to look at. The 38.2 % retracement is also an important psychological price level at 100 USD, normally at those price levels support and resistance is found! After this target is reached, (which is highly possible that it does) we have to look what LTCUSD does next. There are two other meaningful levels which LTCUSD may reach in the future! Once it is the 50 % retracement and second the 61.8% retracement of the recent bull move. This formation can be traded in several ways, there is an aggressive approach with immediate entry without waiting for confirmation, there is also an conservative approach to wait until the triangle has confirmed and broke out. The second option would be smarter because it is possible that the triangle breaks to the upside which it rarely will do! After a confirmation of the triangle down i will look for a good entry to place a short position. Other people may be bullish on LTCUSD now but at my point i cant see a decent long opportunity here! Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody! ;D
BITFINEX:LTCUSDShort
by VincePrince
8
"Litecoin: Major Opportunity as Bullish Momentum Builds"Litecoin: Navigating a Major Buy or Sell Opportunity as Bullish Momentum Builds Litecoin, often dubbed the "silver to Bitcoin's gold," is currently at a critical juncture in its price action, presenting traders and investors with a significant buy or sell opportunity. Over the past six years, the market for Litecoin has been characterized by corrections, but each multi-year low has consistently formed a higher low, establishing a robust support level. This pattern of higher lows underscores the resilience of Litecoin's market structure and suggests accumulating buying pressure at key levels. Now, as Litecoin approaches a pivotal moment, all eyes are on whether it will break out to the upside, surpassing the multi-year resistance level marked in red on the chart. A breakout above this critical resistance level could signal the start of a bullish trend reversal and potentially ignite a sustained bull run. With Litecoin poised to challenge all-time highs, investors are closely monitoring the current pennant formation, marked by the black triangle on the chart, for clues about the coin's next move. The pennant formation is a technical pattern characterized by converging trend lines, signaling a period of consolidation before a potential continuation of the prior trend. In the case of Litecoin, this consolidation phase could be setting the stage for a decisive breakout, either to the upside or downside. For traders assessing this buy or sell opportunity, it's essential to consider the broader market context and key technical indicators. The pattern of higher lows provides a strong foundation of support, while the multi-year resistance level represents a significant hurdle for Litecoin's bullish aspirations. As Litecoin navigates this critical juncture, investors must exercise caution and closely monitor price action for signs of a breakout. Whether Litecoin breaks out to the upside and embarks on a bull run or faces rejection at the multi-year resistance level remains to be seen. Nonetheless, the current pennant formation presents a compelling opportunity for traders to capitalize on Litecoin's next major move in the cryptocurrency market.
COINBASE:LTCUSD
by UnknownUnicorn2319099
LTC Litecoin Price TargetAfter LTC reached its last price target: With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for LTC Litecoin is the next resistance, $75.75.
Long
by TopgOptions
"Analyzing Long-Term Support of LTC to Identify Opportunities"COINBASE:LTCUSD is currently trading above a significant long-term support level that has held for 1890 days, as evident from historical price interactions. This support has consistently resulted in a bounce for LTC whenever the price approaches it. While we anticipate another bounce, it is prudent to acknowledge the possibility of a breakdown. Fortunately, the risk associated with this trade is minimal due to a short stop-loss (SL). The trade appears favorable with a low risk and a potentially high reward. Turning our attention back to the chart, the symmetrical triangle pattern observed indicates similarities with a previous breakout, leading to a substantial 500% increase. The formation of a similar pattern now suggests the potential for another breakout, which could lead to a significant upward movement. Noteworthy resistance levels during this anticipated movement include $79, $135, and the all-time high (ATH). It is imperative to emphasize that this analysis is not financial advice. Investors are strongly encouraged to conduct their own research (DYOR) and base their decisions on individual risk tolerance and market comprehension.
Long
by CRYPTOMOJO_TA
2
LTC - THIS INDICATOR says SELL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) only AFTER the BTC halving, which is set to happen in April. So far, we've seen a correction / pullback across all crypto's. BTC corrected from 48k to 41K and now hovering around FWB:42K where it has found support. But across most altcoins, the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts. The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over. For the short term though as pointed out, I'm expecting LTC to trade range or perhaps even slightly lower. This is a great re-accumulation zone, incase you missed the first one. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the market s. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD
Short
by CryptoCheck-
4
LTC Update - 25.01.2024 / Short setup4 hour chart: I see the coin moving in a full downward oof through withdrawal of internal liquidity, structure breakdowns, FF imbalances and mithigating bts zones. At this point I'm considering two POIs for a set of shorts positions: 1. Daily FVG that broke local structure to short (Only through confirmation on ltf in the form of nascent off / structure breakdown) 2. Block order zone + ind (Also only through ltf confirmation) Market maker left enough compression behind the lows to deliver price on the downside, so we just have to wait for rebalancing in POI and trade pattern formation! Not financial advice, always think with your head! ❗
Short
by trademansi0n
🏃‍♀️🏃‍♂ LTC. The spring has compressed. XxX's are inevitableOne of the most anticipated online events in the digital currency ecosystem in H2'23 was the Litecoin (LTC) halving, that took place in early August, 2023. As the cryptocurrency market prepares for one of the network's major events, the Litecoin (LTC) halving, investors and analysts were peering into the crystal ball of market trends in an attempt to predict the outcome. However, based on the hype that has accompanied the halving event over the past few months, there is good reason to believe that the online event may produce a different result than expected. Historical backtest analysis says that every time the number of new addresses COINBASE:LTCUSD exceeded 350,000 over the past five years, a significant price correction followed. More than 690,000 LTC addresses have recently been created, suggesting that the upcoming halving could be a “news selling” event. On the other hand, the upcoming Litecoin halving, in theory, provides the opportunity for a significant price increase. This thesis stems from the deflationary effect that halving will cause, reducing the rate of creation of new Litecoins. Combined with the growing demand for the coin, this again, in theory, could create an ideal scenario for price growth in the medium to long term. The aftermath of the Litecoin halving should provide the cryptocurrency community with valuable information, especially as investors prepare for the subsequent Bitcoin halving BITSTAMP:BTCUSD , scheduled for April, 2024. Technical picture in Litecoin COINBASE:LTCUSD at the same time indicates a continuing deflationary price compression, with possible prospects for a further price decline within the boundaries of a downward channel to multi-year/ historical lows.
COINBASE:LTCUSD
by PandorraResearch
LTC, giving us a chance to be a passenger on FLIGHT of the year!LTC is currently at correction phase -- and we all know this is a 'back to tarmac event' -- a chance for passengers to be in before the anticipated FLIGHT. Current pricing will be archived soon -- and a new 3-digit pricing will be in play. WEEKLY DATA is firm as it was before -- PRICE GROWTH imminent. 48 DAYS TO GO BEFORE HALVING. Days are getting shorter. Net buy positions keeps piling up at the 80-90 price levels. No instructions needed, you know what to do. Spotted at 88.0 TAYOR. Safeguard capital always.
Long
by JSAL
4
A Word Of Caution For Ethereum ETH/BTC Great spot for a very small speculation entry. Normally when price consolidates like this it is a balance between the demand / supply in the open market, problem is once it sways to one direction it will be violent. I still see the possibility that BTC hitting a supply shock to over $140,000 will destroy this pair harder than what happen with LTC/BTC. (note) Ethereum can still rise in price during this but if you don't price it in BTC you can't navigate if the value gain is flowing in from the top of the market or bottom. I wish this chart would do something. . . . Most of the volume from ETH is getting sucked into Solana because it does work faster, this has always been the problem with ETH for me is that it can easily be replaced, people want fast stable coin transfers regardless of the blockchain. But in the future if someone provides something better than Solana for USDT / USDC transfers, SOL again will be the victim of this trend. LTC early on for those who don't know was used as a proxy to transfer value exchange to exchange to trade BTC IMO it was the stable coin of the early days.
by FederalXBT