Cryptolean Litecoin LTC UpdateIn the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone.
However, it recovered strongly, re-confirming $80.43 as a support.
The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07.
A bullish break-out of $92.07 is needed to have a rally towards $100.
A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.
Ltcusdanalysis
LTC: buy-low .. sell-high📊Analysis by AhmadArz:
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...(LTC)📊Analysis by AhmadArz:
....
🔍Entry: 72
🛑Stop Loss:72.82
🎯Take Profit: 71.30
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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
LTC - 10/10 23LTC - 10/10/23
**Trade setup:**
LTC is trapped in between this supply and demand zone since the fall from $84, if it is broken there is a FVG to tap into around $72 a break of $72 will turn the trend bullish again!
If this DEMAND zone is broken it will head for the low it created 16th AUG!
#LTCUSD- LONG BIG MOVE TARGETING 106!-After a months of bearish and seller control price recently have shown the bullish reversal, potential a long bull trend has began. Price bounced at the daily external liqudity zone.
-Our first target that we are aiming is 106 however if we break that trend then it will be an indication of the long run.
-Trade will be activated once it shows some retracement so we will have a spot on entry.
-If you like the idea, do let down your views in comment.
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC.
Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward.
Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario.
However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price.
We described more about the LTCUSD price movement after the halving here:
Therefore, we have a critical level of $79.
If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56.
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LTC Halving is days away, how high can price rise?Technical analysis on Litecoin shows a bullish trend, now the upward setup is starting to gain strength, I expect a stormy start next week.
The price of LTC needs to close the imbalance at the level of 105$.
On the histogram, the divergence confirms the Fibonacci setup.
Litecoin halving soon. How the LTC price will react?Today, let's look at what is happening on the LTCUSDT chart
In 33 days, LTC Halving will take place, which means that the reward for a mined block will be halved.
Previously, before the two previous halvings, which occurs every 4 years, the LTC price peak was reached 40-42 days before the halving.
We described it in more detail here:
This year, it seems that this pattern has been broken.
For more than 4 months, the LTCUSD price has been in consolidation, twice entering the buy zone, which was also mentioned in previous ideas, and then the price bounced up sharply from there.
Therefore, it seems more likely to us that the Litecoin price will break out of this consolidation to the upside.
For ourselves, we have set a price range of $128-136 as the first place where we could cover some of our longs and take profit on medium-term trades.
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Rainy Outlook for LTC? 🌧️ Litecoin (ahead of its halving in less than a month’s time) faces cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. The same goes for XRP.
On the other hand, sunny weather ☀️ with a few scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
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⛅️ for the Global Crypto Market, 🌧️ Outlook for XRP, LTCSunny weather ☀️ with scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
⚠️ XRP and Litecoin (ahead of its halving in less than a month’s time), however, face cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk.
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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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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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