Going Long LiteCoin to 81Traders,
I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2.
None of this is fin advice of course. All purely for your entertainment.
Stewdamus
LTCUSD
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted.
Target one will be $89.
Target two will be $96.
This is not fin advice.
Best,
Stewdamus
LTC ☁️ Downtrend, Time to Sell? A bullish sun 🌞 shines over most of the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling further upside for cryptocurrencies. Binance Coin and Litecoin buck this positive trend with cloudy, bearish trading conditions ahead, ATTMO shows. ☁️
Over a one-week horizon, the sunny 🌞 upward trend will persist, although the price gains are likely to be smaller. Ripple’s XRP, Polkadot, and Uniswap will face bearish clouds over this longer time period. ☁️
Follow us for more crypto weather reports!
ALT COINS - IS IT TIME???Hey Gang!
Been a while - But it may be time for the crypto space to be coming back to life again!
This is the market cap of all altcoins as we can see here we had what seems to be a successful breakout and current retest of money flowing into altcoins
Grabbing a bag of any top 20 altcoins - cant go wrong imo
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution.
On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly.
If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown.
Support levels: 71.09, previously broken resistance, 66.13
Resistance levels: 72,30, 73, 74
Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart.
BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL
Regards, R. Linda!
LTC Litecoin Price TargetIf you haven`t bought the dip on LTC:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is LTC Litecoin.
I've set a short-term price target for LTC Litecoin at $63.40.
Looking forward to read your opinion about it!
LTCUSD continued growthI will consider buying the LTCUSD instrument.
The price shows signs of reaccumulation, on the chart there are weak signs of the strength of the seller, so there is reason to believe that the growth will continue to the nearest target of $76.80 per 1 LTC.
In the zone of $67-68, I will look for a buy entry.
Expect an entry point that is convenient for you and follow the risks.
Everything you need to know about Litecoin Halving👨🏫Hi everyone👋 (Reading time less than 5 minutes⏰) .
In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ).
📚First, let's learn more about Halving and especially Litecoin Halving .📚
💡 What is a block-halving event ❗️❓
As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving.
💡 Why was Litecoin Halving done ❗️❓
Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time!
💡 What is the Litecoin Halving History ❗️❓
Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC.
💡 When is the Next Litecoin Halving ❗️❓
The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC .
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📈 Technical :
Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened.
If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend .
The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴.
In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA .
The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time.
In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓
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According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓
Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
LTC | Purchase zone 56$Long entry. Entry range $57-55
Analysis of the chart and indicators showed that the coin is preparing to move down. I put a limit order and wait for the instrument to go to the levels of 55-57 dollars. When going to these levels, I will make a further forecast. Stay tuned for more ideas.
Litecoin (LTC) Would It Continue Its Upward Trend?Litecoin (LTC)
Bitcoin's recent downturn has also influenced Litecoin's price. The asset has repeatedly tested the $66-$68 support zone, five times in the last two weeks, with the price rebounding relatively quickly each time. Litecoin is currently hovering around the resistance zone of $72.1-$73.3.
For LTC, continuing its upward trend remains a priority, but this is contingent on Bitcoin exhibiting a similar pattern. The immediate goal for buyers is to retest the seller's zone at $75.1-$76.9 and attempt to reach a new local high of around $79.
Should the correction persist, it could have a substantial negative impact on Litecoin. The cryptocurrency might decline to the $63.2-$64.8 zone, and if Bitcoin falls to $30,000, LTC could hit a new local low below $60, effectively nullifying its gains over the past month. Thus, short-term investments in LTC currently carry a significant risk.
Litecoin LTC long medium-term trade #21Taking into account the fact that in the medium term we are more inclined to believe that the crypto market will grow, we continue to publish medium-term trades.
In order to continue the growth of the crypto market, we would not like to see a correction of the BTCUSDT price below $26950-27000 in the coming days:
In previous years, the LTC price was one of the first to start an upward trend and correction. This year, the "scheme" failed, the LTCUSDT price was one of the first to start correcting in July, but it still can't start growing, although the BTC price has been growing slowly for 2 months...
We will try "to push" the Litecoin price up a bit :) by entering a medium-term trade on the following conditions:
Entry: in the range of $60.21-62.51 (the desired average price is $61.36)
Stop: $55.99 (-8.75%)
Take profit: $83.80 (+36.57%)
P/L ratio: 4.2/1
We allocate $10,000 for LTCUSD trade,
In the event of a mistake, we will lose $875
If the trade will be a success, we will receive a profit of $3650
IGNORE THE FUDThere has been increasing Litecoin FUD lately, Ive noticed. I dont listen to it because Litecoin fundamentals have never been stronger, and compared to all the other garbage no one uses Litecoin is actually looking quite sexy to the investor who has eyes to see beyond the BS. Also for the LTC bulls go take a look at the top richest wallets. You will be able to see that the smart investors are the ones loading up as much as they can recently. It wont be long, usually there is a lot of FUD before a major move, and there are so many who are salty because they invested at the top and lost their shirts so now they hate LTC because of it. Ignore all that and know that this coin will be #2 again very soon. Charlie didnt sell his stash because he needed the money. Ho got a whisper in his ear back then about the securities issues that are about to delete 99% of all the crap out there. When that happens guess what will still be around :) Good luck and this is not financial advice, just my opinion. Thank you.
Litecoin Solid Buy Signal!LTCUSDT located at support zone, this zone is proven to be solid buy opportunity in following years 2017, 2018, 2020. Now 2 years later, LTCUSD consolidating in this zone again, and it just made a breakout! I am hop in this running train and waiting for nice income during the move.
Litecoin Aiming at the $72 ZoneLitecoin exhibits less dynamism and activity. This can be attributed to the decreased interest in “older” coins from buyers, who seem to prefer new and developed blockchains like the Zkevm, the Layer 2 Blockchains like Cyber, Sei and the likes.
Nonetheless, LTC has come remarkably close to the resistance zone of $70.00-$72.87, opening up the possibility of breaking out of the sideways trend that has persisted for three months.
Should buyers successfully navigate through the current resistance zone, LTC could initiate an upward trend, aiming for highs at the $76 and $79 levels. These points serve as the initial targets for buyers in the event of LTC's growth.
A correction in the BTC chart might similarly impact the LTC price. At present, the relevant support zones are found within the ranges of $66.3-$67.6 and $63.2-$64.8. However, if Bitcoin falls by 5-10% in a short span, LTC could quickly plummet due to the apparent lack of buying strength in its chart (at least at the time of writing this review), easily breaking through all the existing support zones.
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out.
When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH.
Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall.
September 2023
Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP.
Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”.
Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers.
June 2023
EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT).
For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans
later this year to launch a clearinghouse to help settle trades.
Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out.
When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH.
Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall.
September 2023
Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP.
Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”.
Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers.
June 2023
EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT).
For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans
later this year to launch a clearinghouse to help settle trades.
Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
Parabolic ArchText book says "wait for the zones". This appears to be the beginning of a larger parabolic step formation. We can therefore expect four defined levels up which would put us into the 100s. "Traders view the parabolic formation as one of the strongest uptrend patterns that precede reversal."
Litecoin Macro Analysis : BIG MovesHi 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. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train.
The bullish signs are:
✅ Consolidation under resistance zone / bullish
✅ Higher Lows - buyers are buying up dips
What's still missing:
✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5)
✅ Weekly candle close ABOVE 70
Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase.
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BINANCE:LTCUSDT