XRP's Forecast Stormy While LTC Gains Momentum? 🌧️ 🌞🚀 According to ATTMO, Litecoin and XRP are facing rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates.
However, ATTMO still forecasts sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon.
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LTCUSD
LTC Gains Momentum 🌞🚀 XRP's Stormy Forecast 🌧️?The crypto summer shows no signs of abating any time soon ☀️, according to ATTMO. Sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon.
Litecoin and XRP buck this positive trend with rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates.
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1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
LTCUSD has formed a higher 2nd inv h&s necklineWhich of course adds a second even higher breakout target than the 1st one. It just recently retested the line as support and has been bouncing up from the retest which is what I’ve been waiting for to ensure the neckline was a legitimate one. It’s breakout target is the green one. At $106 *not financial advice*
Litecoin - $200 on the horizon: FRACTALHi Traders, Investors and Speculators of Charts📈📉
From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis :
By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. The fractal we're looking at in turquoise happened around the same resistance zone that we're currently facing. Three bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
✅ Bullish Technical Indicator CryptoCheck START v3.5
Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase.
Incase you missed it ! Here's yesterdays analysis on SOLUSDT :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT.P BYBIT:LTCUSDT BITFINEX:LTCUSDLONGS COINBASE:LTCUSD BINANCE:LTCUSD BINANCE:LTCUSDT KUCOIN:LTCUSDT KRAKEN:LTCUSDT
LTC wants to follow in BCH footstepsLTC seems to be catching up to a major trend line forming off the previous cycle top.
I anticipated this being a major area of resistance for the original alternative coin.
Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels.
RSI is in the mid 70s, which is a common turning point in the price action.
Big spike in trading volume, with slight gradual gain in trading volume over the last few weeks.
If LTC wants to move like BCH did, my targets for the coin are as follows:
129.50
146.30
Keep an eye on LTC, it moved 30% in a single daily candle and may have more steam.
NFA
Do your own DD
Novice trader here!
Whats a FakeOut in Technical Analysis.A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite direction.
For example, let's consider a stock that has been trading within a tight range between $50 and $60 for several weeks. Traders closely watch this range, waiting for a breakout or breakdown. Suddenly, the stock price surges above $60, triggering a breakout signal. Many traders interpret this as a bullish sign and start buying the stock, expecting further upward movement. However, instead of continuing the upward trend, the stock quickly reverses, dropping back below $60 and potentially even below the previous range. This sudden reversal traps the bullish traders, leading to losses and frustration.
Fake outs can occur due to market manipulation, false signals from technical indicators, or unexpected news events. They can cause confusion and result in traders making incorrect trading decisions based on the false breakout. Therefore, it is essential for traders to exercise caution, verify breakout signals with additional confirmation, and use risk management strategies to minimize potential losses caused by fake outs.
Can You See The FakeOut On This 4 Hr Chart
LTCUSD is attempting a bullish break out. Massive pump if it breLitecoin / LTCUSD is finally showing signs of bullish momentum, moving towards Resistance A (105.500).
If broken, buy and target the 1.786 Fibonacci extension (as on the November break out) at 132.000.
If not, wait for the price to pull back to the 1day MA50 before buying.
The RSI patterns between now and September-October are very similar.
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LTCUSD. Target 105USDI see opportunity to buy here. LTC haling is coming.
My strategy about crypto currencies: Always buy never sell.
What is a Litecoin block halving event?
Block halving event happens every 4 years on Litecoin blockchain. Litecoin's initial block reward was 50 LTC. The block reward splits every 4 years. This lowers the rate at which Litecoins are generated. The halving is periodical and is programmed into Litecoin's code. Current Litecoin block reward is 12.5 LTC, after the halving, the block reward will be 6.25 LTC. Halving will end approximately by the year 2142.
Litecoin Storm Warning 🌩️ : Imminent Correction Ahead The weather is tropical 🌴 – translating into imminent correction likely ahead – for Litecoin today.
On the other hand, the global crypto summer ☀️ continues with sunny weather in the coming hours and week ahead for the global crypto market as yet another major asset manager filed a spot Bitcoin ETF and on today’s options expiry.
This signals a slightly bullish market with upside potential. 📈
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Litecoin LTC potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
LTC/USDT forecast
Entry Range: $85 - 90
Price Target 1: $96
Price Target 2: $102
Price Target 3: $107
Stop Loss: $75
LTCUSD | Will halving get us through the resistance?Good morning,
One month to go until Litecoin Halving.
Since the beginning of the year, we have been constantly moving between the daily EMA 200 (white) and the EMA 800 (purple).
At the time of this idea, we are back below the EMA 200 and all of our EMAs have flattened out.
With such news events, existing resistances and old liquidity zones can usually be worked off well.
I am therefore preparing for two scenarios.
Scenario 1 (blue)
We come in July again significantly above the EMA200 and our short EMAS, 5+13 pull along.
In this I would use 50% of the capital that I want to use for this idea.
The other 50% when breaking above the EMA800.
Scenario 2 (orange)
We get a stop hunt of our range.
Everything from $71.60 would be a top price and would lead to 50% accumulation.
The other 50% would come into play should we get back into the range after such a stop hunt.
Price Targets :
Around $110 and between $140 and $150.
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Still working this video thing out. Going to be using TV as a rough draft. So uploads on other places will have the corrections and will be cleaned and scrubbed.
Looking for a potential short here, so looking for Ideal entries, here and always...
PA is already moving away but includes areas of interest for a possible turn as well.
ltcusd 8hours best level to buy/hold 25% gains🔸Hello traders, today let's review 8hour price chart for LTCUSD . strong gains
recently off the range lows,however currently price getting overextended and
trading near range highs, so short-term expecting a normal pullback,
which is a buying opportunity
🔸Active trading range is defined by range lows at 80 USD and range highs at 98 USD.
Premium prices at 101/103 USD overhead. Limited upside beyond prem prices.
Trading in well defined range for almost 6 months now, strong re-accumulation.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later
early July.Best reload zone for position traders on buy side near 82 USD.
Short-term pullbackso bulls should wait on sidelines and be ready to reload lower
near 82 USD. final TP bulls +25% gains.
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LTCUSD: MACD Hidden Bearish Divergence Targeting $45-$41LTC has recently formed some Hidden Bearish Divergences at these levels on the MACD and when looking at the Potential Harmonic Wave Structures it could get in if it goes down, many of them point towards $45 as that would be a second test of a much bigger Macro Log scale Gartley on the left, the PCZ of a current Potential Bullish Deep Gartley, and the PCZ of a Potential Bullish Butterfly.
After hitting those downside targets we could then see Litecoin go for another big move up; this time actually breaking the range to the upside and going for bigger targets perhaps as high as over $9000 as seen in this macro chart here:
LITECOIN UPDATE WEEK 18-24 JUNE 2023
In analyzing the market for LTC/USD, there are a few factors that suggest a potential move to the upside in the coming days, followed by a subsequent drop as the dollar strengthens in the coming months, possibly around July.
Firstly, the recent break of a low in the market could indicate a period of retracement or correction. When a market breaks a previous low, it often triggers a wave of selling and prompts investors to reassess their positions. This correction is a natural part of market dynamics and can lead to a temporary shift in sentiment.
Furthermore, the expectation of an upside move in the short term could be influenced by various factors. One possibility is positive news or developments specific to Litecoin (LTC), the cryptocurrency in the LTC/USD trading pair. Positive developments such as partnerships, technological advancements, or regulatory clarity can generate optimism among investors and lead to an upward price movement.
Additionally, broader market dynamics can also contribute to this expected upward move. Factors such as improved market sentiment, increased institutional interest, or positive macroeconomic indicators may create a favorable environment for cryptocurrencies in general, including Litecoin.
However, it's important to note that market movements are influenced by a multitude of factors and are inherently unpredictable. While technical analysis and market trends can provide insights, they cannot guarantee future price movements.
Looking ahead to the coming months, the anticipation of a drop in the LTC/USD market as the dollar strengthens suggests a shift in the broader economic landscape. A strengthening dollar can have a negative impact on cryptocurrencies, as they are often seen as alternative investments and can be negatively correlated with traditional fiat currencies.
The strength of the dollar can be influenced by various factors, including macroeconomic indicators, monetary policy decisions, and geopolitical developments. These factors can create an environment that favors the dollar over other currencies and assets, potentially leading to a decline in the value of cryptocurrencies like Litecoin.
It's important to keep in mind that the interplay between cryptocurrencies and fiat currencies, such as the dollar, is complex and influenced by a wide range of factors. Predicting future movements with precision is challenging, and it's always advisable to approach the market with caution and consider multiple perspectives when making investment decisions.