Litecoin - LTC Free Fall to $60 ??Although Litecoin did not make the Top Altcoins for 2024 list - it is an old timer. And by this, I basically mean that it can (and will) still be traded.
From the 4h, we see some beautiful swings that can be very profitable trades, with the right entry points.
It seems the entire market is turning down following BTC. This however, could result in some good entry points and lower buying orders being filled. Getting in at the RIGHT price is one of Warren Buffet's key investment strategies. Find out more on that, here:
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BINANCE:LTCUSDT
Ltcusdshort
#LTC/USDT#LTC
The price has broken the descending channel on the 12-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 60
Entry price 65
First target 71
Second target 77
Third target 83
LTC: buy-low .. sell-high📊Analysis by AhmadArz:
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LTC - THIS INDICATOR says SELL 🤔📉Hi Traders, Investors and Speculators of Charts📈
Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) only AFTER the BTC halving, which is set to happen in April.
So far, we've seen a correction / pullback across all crypto's. BTC corrected from 48k to 41K and now hovering around FWB:42K where it has found support. But across most altcoins, the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts.
The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over.
For the short term though as pointed out, I'm expecting LTC to trade range or perhaps even slightly lower. This is a great re-accumulation zone, incase you missed the first one.
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CryptoCheck
BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD
...(LTC)📊Analysis by AhmadArz:
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🔍Entry: 72
🛑Stop Loss:72.82
🎯Take Profit: 71.30
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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LTC Showing a bearish SharkLooking at the LTC chart, it looks like we did a bearish shark and we could have one more move to the down side or we have completed the bearish shark (since the recent low got close to the previous all time low). A break above the previous high should invalidate the bearish sentiment.
In the short term I am bullish on BTC so I want to believe we have completed the bearish shark on LTC but charts don't lie, emotions do.
Please do your DD as this is not a financial advice.
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. ☁️
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LTCUSDTThis is a 1D frame analysis for LTCUSDT After losing its previous support zone, the price was unable to start its upward movement and breached our first support line. Currently, the price is close to our first resistance line and we believe this could be a pullback for further downside to our second support line. However, if it can hold above our first resistance line, it could start its upward trend to our second resistance zone.
Litecoin rejected from $70- where to next?After the LTC halving the coin has been in a strong downtrend. The previous bounce on 29 August saw the FVG partially filled. Fib extension levels showed the $60.31 and $43.4 levels are the next downward targets that Litecoin could reach in the coming months
Entry: $70.7 (mid-June low)
Take-profit: $56 (17 August low but LTC could drop much lower)
Stop-loss: $75.84
R:R- 2.79
Litecoin Macro outlook vs USDI've been seeing lots of LTC, hopium bullish into the halving, tweets.
Well, the reality is that when the 12 and 21 EMAs cross to the downside on the weekly chart, it tends to be very bearish for Litecoin.
Arrows are presenting those crosses, and you can see the downside that happens after the crosses happen.
On average, the downside is 58%.
That would mean that Litecoin could bottom somewhere around $25-35, if the cross happens.
Usually, Litecoin's pre-halving pump tends to be over 3–4 months before the halving(the halving is happening in August), which is another indicator that LTC topped.
But there will be sunshine after the rain.
Those lows would mean that LTC hit the generational bottom, and at the same time, the BTC pre halving hype will start.
That is when Litecoin and Bitcoin tend to proceed into a multiyear bull market, which will be led by Litecoin.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
Litecoin has turned negative.Litecoin - 24h expiry - We look to Sell at 97.78 (stop at 101.38)
Bespoke resistance is located at 98.
97.85 has been pivotal.
Short term bias has turned negative.
The trend of higher intraday lows has also been broken.
Preferred trade is to sell into rallies.
Our profit targets will be 88.78 and 86.78
Resistance: 93.00 / 95.00 / 98.00
Support: 89.12 / 88.00 / 86.00
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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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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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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.
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.
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."