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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.
COINBASE:LTCUSD
by Dion-FX
1
LTC Pre-Halving Pump into Q2 2023 -Crypto's first sign of springPrice Action into LTC halving seems consistent without regard to market sentiment. SENTIMENT AND ENVIRONMENT INTO LTC HALVINGS: 2014 - "MT Gox.. Silk road... etc" 2018 - "ICO crash, BlockWars, China Crypto Banning, Fed tightening. . .etc" 2022 - "FTX collapse, Fed Tightening, 3 arrows capital, etc etc" LTC seems to not care and its halving is usually about 9-18 months before BTC halving event Watching to see how this plays out will be useful to know if money is still interested in this space.
BINANCE:LTCUSDLong
by SnarkyPuppy
10
Is it time to sell LTC as death cross just occured?As you may already know, a "death cross" occurred on the LTC/USD chart on June 19th, 2021. This is a technical analysis term that refers to when the 50-day moving average crosses below the 200-day moving average, indicating a potential trend reversal to the downside. This is not something to be taken lightly, as it could be a sign of further losses for LTC in the coming weeks and months. As investors, it is important to be aware of these indicators and make informed decisions about our holdings. Therefore, I am urging you to consider selling your LTC holdings currently. While it may be tempting to hold on and hope for a rebound, the death cross is a strong warning sign that should not be ignored. Of course, it is ultimately up to each individual to make their own investment decisions. However, I believe it is important to share this information with the community and encourage everyone to take a cautious approach.
BINANCE:LTCUSDShort
by bryandowningqln
LTCUSDT ⚠️"Litecoin has lost three important and primary supports in its recent decline. There is one significant static support at a price of $75 and two trendline supports indicated by red and yellow colors on the chart. Currently, the price is below all three previous supports, and naturally, they will now act as resistances. In my opinion, if today's candle closes below these three lines, we should expect further decline and a fall towards the main trendline, represented by the green color on the chart. Therefore, today's candle is crucial for me, and if it doesn't return above the support lines, I will be looking for a selling point." ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
by Madoir
LTCUSDTThere are only 60 days left until the halving of Litecoin, and according to the data we have from the previous halvings, the upward movement will continue until 40 days before the halving, and after that the downward movement will begin. So, most likely, less than 20 days from The upward days of Litecoin remain and the prediction of the price of 130 dollars for these days should not be far from imagination. You should also consider possible sharp movements for such events. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Long
by Madoir
My vision of the scenario on the $LTCArguments for this development of events: 1) On the graph, you can see a push to the resistance level (it has only fake out - you need to sell) 2) Everything above $75+ was distributed to weak hands 3) The crowd is very positive about LTC (there should be a halving and a price increase - everyone thinks so) 4) Waiting for regulation of the crypto market (this will lead to the final wave of decline) Write your coins in the comments. Thank you for your attention
by MyTechNAz
Could upcoming Litecoin havening outperform BitcoinAs the halving of LTC approaches, many of you may be wondering where to invest your hard-earned money. Well, I have some exciting news for you - Litecoin (LTC) could outperform Bitcoin (BTC) as the halving approaches! You see, LTC has a halving event coming up in August 2023, which means that the mining rewards for LTC will be cut in half. This will reduce the supply of LTC and increase its scarcity, leading to a potential increase in its value. In fact, history has shown us that LTC has outperformed BTC in the months leading up to and after its halving event. So, why should you invest in LTC? Well, besides the potential for higher returns, LTC is a solid investment with a strong community and development team. It also has faster transaction times and lower fees compared to BTC, making it a more practical option for everyday use. Don't miss out on this opportunity to invest in LTC before its halving event. Take action now and add LTC to your portfolio. As always, make sure to do your own research and invest wisely. Thank you for your time and happy investing!
COINBASE:LTCUSDLong
by bryandowningqln
LTC return 50% over the last year while BTC went negativeAre you feeling the sting of Bitcoin's recent losses? Well, fear not, my friend, because I have good news for you. Litecoin has been killing it lately, with returns of 50% over the last year. That's right, while BTC has been taking a hit, LTC has been flourishing. So why not consider putting more of your investments into Litecoin? Not only has it been performing well, but it also has faster transaction times and lower fees than Bitcoin. Plus, with the recent announcement of a Litecoin debit card, it's becoming even more accessible for everyday use. Don't get me wrong; Bitcoin still has its place in the crypto world. But if you're looking for a solid investment with impressive returns, Litecoin is where it's at. So, what are you waiting for? Let's jump on the Litecoin train and ride it to the moon!
COINBASE:LTCUSDLong
by bryandowningqln
2
LTC is showing growth.Hello everyone! I've noticed that in the past few days, LTC has been showing growth consistently. I will conduct a brief analysis to understand the reasons behind this and what we can expect in the future. I believe most of you are aware that we have a halving event coming up, specifically in 72 days. I have explained what halving means in my previous posts. Additionally, we have a very positive news background. The launch of the LTC-20 network is also imminent, which could further push the price upwards. The coin is also being traded within an ascending channel globally, providing opportunities to buy at the lower boundary for profit-taking at the upper boundary. So, let's keep an eye on LTC.
BINANCE:LTCUSD.PLong
by CHOWTRADE
#LTCUSDT Technical Analysis (Request 17)The first 15 charts for the following alts have been posted on my other social platforms:- Check the links in my bio. 1. LQTY ✅ 2. SOL ✅ 3. DOGE ✅ 4. MASK ✅ 5. OP ✅ 6. DATA ✅ 7. SAND ✅ 8. MOVR ✅ 9. FTM ✅ 10. GALA ✅ 11. GMT ✅ 12. METIS ✅ 13. COTI ✅ 14. ROUTE✅ 15. ALGO✅ Tradingview Charts:- 16. BEPRO ✅ I will be covering 14 more charts from here. DM me if you have any requests, and I will try to cover them. Let's get back to the chart. LTC Halving is in the next few months and I have already posted many charts with targets from HKEX:150 to HKEX:200 before the EOY. A close above the HKEX:103 area in daily will trigger the move. We are very near to the breakout. Buying the restest would be a smart move IMHO. Let me know what you think and do hit the like button and share your view in the comment section. Thank you #PEACE
Long
by Cryptorphic
4
#LTC/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick LTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Litecoin (LTC) also rose in today’s session, with the token rebounding from its losses to start the week. Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today. This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00. Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50. This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downward trend. What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you...
by CryptoSanders9563
1