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LTCUSD

LiteCoin Is Looking HigherLitecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th. Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware of further rise at least up to 90 area for wave C, if not even above 100 for wave 3. Don't forget, risk-on sentiment seems to be back in the game, as stocks are recovering and USD is losing its power that can be easily in favor of Crypto. A catalyst for even further weakness of the buck in the last two sessions are FOMC minutes in which members noted that they will be careful with hiking rates going forward. This sounded dovish so US yields came down, notes higher which had a negative impact on the USD and a positive on stocks. So lower USD can definitely help cryptos, especially those that are doing well for the last few days, such as LTC. All the best! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
COINBASE:LTCUSDLong
by ew-forecast
2
LITECOIN: Doing the heavylifting of the new Bull CycleThe Litecoin has been testing the 1W MA50 (blue) line in the past two weeks for the first time since November 2021, indicating the bearish pressure that the market has been through these past 12 months. This goes against the heavy selling pressure on Bitcoin and other high capitalization coins. We've mentioned countless times that LTCUSD tends to do the initial rise during Bull Cycles and this times is no exception as it is doing the heavylifting as the market is entering its new Bull Cycle. In previous rallies, every time the 1W MA50 broke, the price also hit the 1W MA100 (green) line. On this long term Channel Up that has been trading on since the begining, it is obvious that the majority of the price action is done inside the 0.236 - 0.618 Fibonacci levels. The rallies of early 2019 and Sep 2020 - May 2021 started from the 0.236 and ended on the 0.618, respecting the high impact zone we mention above. Although it is likely to see a full year of trading within Fib 0.0 - 0.236 before a hyper rally, it is also quite probable that if LTC closes a month above the 1W MA100, to see a full scale rally to the 0.618 Fib or at least the middle of the Channel Up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
BINANCE:LTCUSDLong
by InvestingScope
ETHUSD and LTCUSD Technical Analysis – 01st DEC, 2022ETHUSD: Piercing Pattern Above $1151 Ethereum was unable to sustain its bearish momentum and after touching a low of 1151 on 23rd Nov, the price started to correct upwards against the US dollar crossing the $1300 handle today in the Asian trading session. After touching $1300 handle we can see some downward correction in the levels of Ethereum which is expected to enter into a consolidation phase now. We can see the formation of bullish engulfing lines in the 2-hour time frame. We can clearly see a piercing pattern above the $1151 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just below its pivot level of 1284 and is moving into a vonsolidation channel. The price of ETHUSD is now testing its vlassic resistance level of 1290 and Fibonacci resistance level of 1296 after which the path towards 1300 will get cleared. The relative strength index is at 67 indicating a STRONG demand for Ether and the continuation of the buying pressure in the markets. We can see both the bullish harami and bullish harami cross pattern in the 15-minute time frame. Both the STOCH and STOCHRSI are indicating overbought levels, which means that the prices are expected to decline in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. Most of the moving averages are giving a BUY signal and we are now looking at the levels of $1300 to $1350 in the short-term range. ETH is now trading above its 100 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1151 mark The short-term range appears to be mildly bullish ETH continues to remain above the $1200 level The average true range is indicating HIGH market volatility Ether: Bullish Reversal Seen Above $1151 ETHUSD is now moving into a mildly bullish channel with the prices trading above the $1200 handle in the European trading session today. ETH is now preparing to enter into a consolidation phase above the $1250 handle, after which fresh upside waves are expected. ETHUSD touched an intraday high of 1304 in the Asian trading session and an intraday low of 1277 in the European trading session today. We can see a bullish trend reversal signal with adaptive moving averages AMA20 and AMA50 in the 15-minute time frame. The resistance of the channel is broken in the daily time frame indicating a bullish trend. The daily RSI is printing at 52 indicating a neutral demand for Ether in the long-term range. The key support levels to watch are $1202 which is a 14-3 day raw stochastic at 70% and $1211 at which price crosses 18 day moving average. ETH has increased by 1.19% with a price change of 15.13$ in the past 24hrs and has a trading volume of 7.849 billion USD. We can see a decrease of 2.57% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead ETH price continues to remain under bullish pressure and after the current consolidation wave is over, we can expect fresh upsides in the ranges of $1300 and $1400 this week. We can see the formation of a major bullish trendline in place from $1151 towards $1295 levels. The immediate short-term outlook for Ether has turned bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support level of $1208 at which the price crosses the 9-day moving average stalls. The weekly outlook is projected at $1400 with a consolidation zone of $1350. Technical Indicators: The relative strength index (14): is at 67.69 indicating a BUY The rate of price change: is at 9.65 indicating a BUY The bull/bear power (13): is at 46.55 indicating a BUY The high/lows (14): is at 33.40 indicating a BUY LTCUSD: Bullish Engulfing Pattern Above $70.56 Litecoin was unable to sustain its bearish momentum last week and after touching a low of $70.56 on 28th Nov the prices started to move upwards against the US dollar touching a high of $80.34 today in the Asian trading session. The price of Litecoin is ranging near the support of the triangle in the 15-minute time frame indicating the bullish scenario. We can clearly see a bullish engulfing pattern above the $70.56 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading above its 100 hourly simple moving averages and below its 200 hourly simple moving averages. The price of LTCUSD is just above its pivot levels of 77.18. The relative strength index is at 66.81 indicating a STRONG demand for Litecoin and the continuation of the buying pressure in the markets. We can see the formation of a bullish price crossover pattern with adaptive moving average AMA50 in the 30-minutes time frame. Litecoin touched an intraday high of $80.34 and an intraday low of $76.36 in the Asian trading session today. The price of Litecoin continues to remain above most of the moving averages, which are now giving a STRONG BUY signal at current market levels of 77.17. The STOCHRSI and ADX are both indicating neutral levels, which means that the prices are expected to move towards the consolidation phase in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $70.56 level The commodity channel index is giving a neutral signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $70.56 The price of Litecoin is moving in a mildly bullish momentum above the $76.00 handle and more upsides are projected at $80 and $85 levels. The momentum indicator is back over zero in the 30-minute time frame indicating bullish trends. The ichimoku price is over the cloud in the 4-hour time frame indicating the bullish nature of the markets. The RSI indicator is back over 50 in the 2-hour time frame. The price of Litecoin is ranging near a NEW record high of 1 month. The price of LTCUSD is now facing its classic resistance level of 78.02 and Fibonacci resistance level of 78.90 after which the path towards $80 will get cleared. Litecoin is now facing its resistance zone at $80.80 which is a pivot point and at $82.05 which is a 13-week high. The daily RSI is printing at 63.01 which indicates a strong demand for Litecoin and the continuation of the bullish phase in the medium-term range. LTCUSD has decreased by 1.21% with a price change of 0.9479$ in the past 24hrs and has a trading volume of 0.649 billion USD. Litecoin’s trading volume has decreased by 9.74% compared to yesterday which appears to be normal. The Week Ahead The price of Litecoin continues to retain the gains against the US dollar and is currently trading above the $77 handle in the European trading session today. We are expecting more upsides towards the $80 and $85 levels, but some correction is also expected due to the neutral stance of some technical indicators. We can see the formation of a bullish trendline in place from the $70.56 levels towards the $81.34 level. The price of Litecoin needs to remain above the important support level of $67.78 which is a 14-3 day raw stochastic at 50%. The short-term outlook for Litecoin has turned bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The moving averages convergence divergence (12,26): is at 29.55 indicating a BUY The relative strength index (14): is at 66.81 indicating a BUY The bull/bear power (13): is at 47.14 indicating a BUY The rate of price change: is at 9.475 indicating a BUY Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
COINBASE:ETHUSD
by FXOpen