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LTC "W" Pattern Completed, May Go for CorrectionHello Dear Traders, LTC performed great in this altseason, we also called it from 60, all Targets achieved in few weeks. as u can see in chart LTC is facing heavy selling pressure form weekly supply zone. Last week candle closed strong bearish and its indicating reversal frm here. Also it successfully completed W Chart pattern, now its time for healthy correction towards 80-100$ again. As we know Crypto is getting huge adoption worldwide, if something magical happens then only my idea of LTC will get invalidated. Chart is clearly indicating next few weeks will be bearish.
Short
by mbn_global
1
LTC chart analysis 6/03/21LTC can do both way. Its slow selling trend is not over yet but strong selling trend is over. Its strong first buying trend is over but second buying trend is not over. FIRST BUYING TREND LINE From first buying trend started on 1st feb and lasted till 23rd feb and on 23rd feb its daily candle closes below the trend line meaning buying trend is over. On the same day it went up from $157 to $173 and continued buying (high $205) till it touches the first trend line at $200 (on 25th feb) and then bounced back from that as it becomes resistance. so this strong buying trend is over as market fell by touching this trend line. SECOND BUY TREND LINE on 23rd feb it fell down from $208 to $157 and then it was bought from $157 to $205 and forming 2nd buying trend line. on 28th feb market went below this 2nd buying trend line all the way low $152 but closes above trend line showing that this trend line is still honored and continued its 2nd buying tend up to $196 in just 4 days giving 35% potential profit. now market is above this 2nd trend line. FIRST SELLING TREND LINE 1st strong selling trend starts on 20th feb falling from $247 and continues till 28th feb touching $152 and on 1st march its first selling trend was over as daily candle closed above the selling trend line at $175 signaling that first selling trend is over and it is bought till touches $196. SECOND SELLING TREND Second selling trend starts on 4th march when it started selling from $196 to $168 on 5th march. now it is on the edge of 2nd selling trend line and 2nd buying trend. if it closes above this 2nd selling trend line than it can go to $203, $230 and last target will be $247 and if it closes bleow the 2nd trend ine then it can sell down to $162, $150 and final support will be $121. FOLLOW THE CHART IF YOU WANT TO TRADE LTC.
by cryptomania0786
2
Litecoin Setup Can Take the Crypto 50% LowerSince the Litecoin Network went live in October 2011 it has exploded in both usage and acceptance among merchants.  With a market cap of approximately 14 billion USD, Litecoin (LTC) has counted among the top ten cryptocurrencies by market capitalization for most of its existence. The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin," in that it features many of the same properties as Bitcoin but lighter in weight. Nearly eleven months ago, the crypto plummeted to as low as $24 during the coronavirus crash. Last week, it reached a high of ~$230 a share. Holding Litecoin for the past 11 months would have resulted in a total gain of 806%. Litecoin Might Stage a 50% Reversal So is Litecoin a buy at its current price of $206 or should we wait for a bigger drop? From an Elliott Wave perspective, there is something to worry about. Litecoin’s daily chart reveals that its 11-month journey is forming a textbook five-wave impulse. From its September 2020 low of $41.3 the market has been advancing in five-wave in wave ((iii)) in circle. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v), where the price has the potential to make a last swing higher to around $230-$260 to complete wave (v) green. If this count is correct, a five-wave impulse pattern will be considered completed in wave ((iii)) in circle. According to the theory, every impulse is followed by a three-wave correction in the opposite direction. Fourth wave corrections usually find support at the previous fourth wave of lower degree, which means a decline back to $145-$118 a coin can be expected. All in all, Litecoin seems like a risky bet to us near the recent high. The chart above suggests that a 40-50% sell-off is plausible once wave (v) is completed. The Good News Once and if this correction really happens, Litecoin would be a screaming buy once again and take the price to a new high. For now, we’ll watch from a safe distance.
Short
by Veejahbee
Litecoin & Tom Lee are about to explodeHi, Take a look at this bullflag not bad Market makers will probably leave Link or AAVE on the side a little ! Important thing to notice is that LTC confirmed support on the neckline and his ready to breakout soon. Very very nice W pattern, juste take a look at your M Chart ! 2013 bullrun hit 55$ 2017 bullrun hit 421$ (4 years later) 2021 will go where? (8 years later) Mr Fibonnaci say around 1360$ (361.8%) 2025 will go where? (12 years later) Neckline betweeb 121 and 146$ Take a look at LTCN new Grayscale Litecoin new products!
LLong
by Crypto_Mercy