LTC: Sideways ChannelLitecoin (LTC) technical analysis:
Trade setup: Following a bearish breakout from a Channel Down pattern, price is consolidating in a Sideways Channel ($60-$70) although overall trend is down. Swing Traders: can trade the channel (Enter near $60 support and Exit near $70 resistance).
Pattern: Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance: Nearest Support Zone is $60, then $50. The nearest Resistance Zone is $70, then $75.
LTCUSDT
LTC Under Pressure 📉, 24H & 1-Week Horizons Cloudy ☁️Cloudy ☁️, rainy 🌧️, and even stormy ⛈️ trading conditions lie ahead in the next 24 hours. This translates into a bearish market with downside risk for cryptocurrencies. Particularly Litecoin, Ethereum, Cardano, Uniswap, and Polkadot may come under pressure. Chainlink bucks this negative trend and has upside potential, according to ATTMO.
Over a one-week horizon, the bearish trend will continue to linger over the crypto universe, except for Bitcoin, Polygon, and Chainlink. Slightly bullish sun ☀️ will shine over this trio, indicating a possible upside in their prices.
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LTCUSDT at monthly support, likely to bounce soon.The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.
LTC#LTC
After Halving the price dumped pretty much and currently the coin is in the long accumulation period before the next big move
#LTC is very perspective project / coin. I would recommend to buy this coin on Spot, because for Futures trading its very choppy right now.
You can see on the chart 68$ price level, that currently will stand as a strong resistance. The coin was already dumping several times from that level before. So, until we don’t see the D close above 68$ - we can’t talk about bull trend continuation.
But if it is so, then the coin can give good move until 100 - 104$ where we can see another bear reaction. (N.1)
Only if the coin will keep consolidation above 110 - 112$ in this case there will be big chance to see the LTC at around 160$ where it has Monthly FVG level (n.2)
Other wise, I expect to see continuation of consolidation between 68$ and 52$ levels. How long this consolidation will be - hard to say, depends on market conditions (n.3)
If LTC breaks below last 52$ support in this case the price can drop towards to 25$ (n.4)
Remember that this TA made on Weekly TF
It can take weeks or 1-2 months for analysis to play out.
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!
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the chart of LTC in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally we can see that we are moving in a sideways trend channel.
Moving forward, we can move on to marking support areas when we return to the correction. And here you can see that the lower border of the channel is also a support zone lasting from $63.28 to $61.97, but when we fall lower, we still have support at $60.10, and then support at $57.69.
Looking the other way, we see that the price has reached an important resistance zone from $65.71 to $67.91, which it does not have the strength to break yet. However, if we manage to break out of this zone and the upper border of the channel, we still have strong resistance at $70.69.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move. On the STOCH indicator, we are exceeding the upper limit, which may end the current upward movement and translate into a price recovery, while on the RSI indicator, there is still room for the price to grow.
LTC/USDT 4HInterval ReviewHello everyone, I invite you to review the LTC/USDT chart on a four-hour interval. As we can see, the price remains above the local upward trend line marked in yellow. At this point, it is also worth marking the first and currently second attempt to exit the moving average above 200, which indicates a return to the upward trend, but now the price must remain above the blue line.
When we unfold the FIb Retracement grid, we see the first support at the level of $66.24, then we can mark a strong support zone from $64.60 to $63.28, then support at the levels of $61.97, and then another support at the level of 60, $08.
Looking the other way, we immediately see that the price has been rejected from the strong resistance at $67.95, and when it overcomes it, it must face another strong resistance at $70.74 before further increases.
When we look at the CHOP index, we can see that the recovery affects the gathering of energy, the STOCH indicator shows that despite the decline, the recovery creates room for stronger upward price movements, while the RSI indicator has not reached the upper limit, which may indicate that the price will try to increase again when BTC will stay around $28,000.
Buying LTC HereTraders,
In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target.
Entry = 67.67
Target = around 78-80
SL = under 63
R/R = 2.5
Additionally, I have move the stops of ALL my other trades up to capture at least half the profit of each trade. ALL are in the profit now.
Best,
Stew
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.
Ltc/usdt time frame : Daily
hello friends
I predict that we will see a decline in the price of most of the crypto market currencies in the future, which will bring them to their historical support levels.
Let's check the LTC daily time frame chart:
As previously discussed, I think we will see a price drop for Litecoin.
This price decline can be after a relatively strong upsurge to the $78 price range or by breaking the bottom of the triangle directly.
I think the first and second target is the price range of $37-47.
I am not a holder myself, but I think these ranges can be a good step for my friends who are holders to buy.
Litecoin (LTC) Technical Analysis: Long Term Target $1000 ?Litecoin (LTC) Technical Analysis: Navigating Short-Term Challenges for Long-Term Gains
Introduction:
Litecoin ( NYSE:LTC ) is currently trading at $65, and it's crucial to dissect its high-timeframe (HTF) chart to understand the potential short-term hurdles and long-term prospects. In this comprehensive technical analysis, we will explore what lies ahead for NYSE:LTC and identify strategic buying opportunities.
Short-Term Outlook:
While the current price of $65 suggests some short-term downside potential, there is a silver lining.
In the HTF chart, a strong support zone is emerging between $25 and $35. This presents an ideal accumulation zone for investors. If the price enters this range, it should not be overlooked as a buying opportunity.
Strategic Accumulation:
Timing the exact market bottom is challenging. Therefore, accumulating NYSE:LTC within this robust support zone offers a strategic advantage. This approach aims to capture potential gains as the cryptocurrency market evolves.
Future Targets:
Looking ahead to the next bull run, Litecoin has promising potential. With its focus on micro payments and a strong team, I anticipate price targets ranging from $500 to $1000 in the next bull market. However, this is a longer-term projection and should be approached with patience.
Critical Price Levels:
Resistance: $117/$376
Support: $50/$36/$25
In Conclusion:
Litecoin ( NYSE:LTC ) faces short-term challenges but holds immense long-term promise. The $25-$35 accumulation zone provides an enticing entry point for investors. While it's impossible to predict the exact market bottom, accumulating at strong support levels can prove rewarding. In the next bull run, NYSE:LTC could potentially reach impressive price targets.
Disclaimer:
This analysis reflects my personal opinion and should not be considered financial advice. Always conduct thorough research and consult with a financial advisor before investing in cryptocurrencies or any other assets.
BITFINEX:LTCUSD #Crypto #Litecoin
Opportunity for a swing trade might be arisingAfter a big drop in Litecoin from nearly $115 to less than $58, the opportunity for a swing trade in the opposite direction might be arising. The setup we are watching would involve taking a long position with the breakout above Resistance 1 and tight stop-loss below it. The idea behind this trade would be to ride the price retracement toward the 50-day SMA. The first price target would be at Resistance 2 and the second at Resistance 3.
Technical analysis gauge
Daily time frame = Neutral/Slightly bullish
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
LTC 24-Hr ☁️ Forecast (Bearish Trend); Reversal In One Week 🌞Bullish sun 🌞 continues to shine over the global crypto market in the next 24 hours, signaling upside potential. Yet, some altcoins, such as Litecoin, Avalanche, and Binance, face cloudier ☁️, slightly bearish trading conditions.
ATTMO signals bullish sun 🌞 for Bitcoin, Litecoin, Cardano, Chainlink, and Uniswap over a one-week horizon. Ether, XRP, and Binance, however, face bearish scattered clouds ☁️ indicating a downward risk. 🚀🔍
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(LTCUSDT chart)
(1D chart)
While trading futures, there are times when you need to check the big picture movements.
That's when a trade doesn't go well or when a big uptrend is expected.
Looking at the big picture of the LTC chart, we can see that the current HA-High indicator point at 99.58 corresponds to an important turning point.
This roughly means that we need to consider whether we can hold it during the 52% uptrend.
Long-term holding like this is only possible when there is low leverage or a small investment proportion, but in reality, there is little chance of overcoming this upward trend.
If you hold it, it is expected that you will have to overcome two major crises.
1st: 78.47
2nd: 90.43
We need to check whether the price will rise in the 1st and 2nd areas above.
(1h chart)
It touched the HA-Low indicator and rose, and continued its upward trend along with the HA-High indicator.
However, now the HA-Low indicator has been touched again.
Therefore, we can see that we have reached a trend reversal section.
Therefore, the key is whether it can be supported and rise in the 64.06-64.92 range.
If not, there is a high possibility that it will turn into a downward trend.
However, since the 62.35 point is the point where the HA-Low indicator on the 1D chart was formed, there is a high possibility that a rebound will begin around this point, so caution is required when entering a SHORT position.
If the price rises above 64.92 and holds, the target range is around 67.35-67.18.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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LTC/USDT Review ChartGoing further, we will check what the situation on LTC looks like, taking into account the four-hour interval. let's start by marking the downward trend channel with blue ones, from which the price went up and started moving along the local upward trend line, above which it is currently staying.
At this point, it is worth marking the first and current second attempt to return above ema cross 20o to the upward trend, which has been rejected at this time.
After unfolding the Trend Based Fib Extension tool, we can mark the first support zone from $64.86 to $62.94, then we can mark the second zone from $59.85 to $57.66, and then strong support at $54.84.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance zone from $66.70 to $69.17, only when it is broken we will see an attempt to attack the resistance at $72.30.
The CHOP index indicates that most of the energy has been used, on the RSI we approached the upper limit, to which the chart reacted with a price recovery, while the STOCH indicator indicates that currently the energy needs to recover before the price increases further.
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57.
Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70.
Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
LTCUSDTLTCUSDT has given the breakout from long term declining trendline and started new bullish trend.
As the market is consistently printing new HHs and HLs.
A retest of previous broken structure is due, if the market successfully sustain the retest it could be a nice buying option .
what you people think of this idea ?
LTC☀️ Ahead - Slightly Bullish Market; Yet, 🌧️ Week for Crypto Clouds and rain ☔ forecast for the global crypto market in the next 24 hours and week as bond yields surge to decade highs. Bearish sentiment looms for crypto coins.
Litecoin and Chainlink, however, bring a glimmer of ☀️, hinting at a slightly bullish trend.
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