LTCUSDT
Litecoin LTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly.
I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or we might have one last leg down with a -93% drop from the top. I placed wave 2 bottom there just incase we do go lower, if not the wave 2 is where the -89% drop is. Wave 3 on the bigger trend should take us roughly 8 years to complete. My prediction is based off of elliot wave rules with wave 3 being the wave that cannot be the shortest wave of either 1 or 5. The price target of wave 3 is roughly $690. This is not a moonshot target and it's a target that I know LTC will surely reach. I will draw a chart for a moonshot target underneath this post.
R/R Ratio: 7.68
Possible upside: 599%
Possible downside: -78%
LTCUSDTLitecoin's halving is scheduled on 3rd Aug of this year. Last time in the year of its halving it did really well. The dates marked in maroon are the dates of halving.
05 Aug 2019 was the previous halving and it pumped really well. One thing to be observed here is the run continued till the mid of June and not until the date of halving. A similar pattern of breakout which was observed last time can be seen this time as well.
The % marked shows how much it pumped last time and its comparison to this halving run.
$LTC/USDT 2D (#BinanceFutures)Descending trendline on resistanceLitecoin is approaching overbought territory and seems likely to be rejected on 200MA.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 10.1%
Current Price:
81.93
Entry Targets:
1) 83.61
Take-Profit Targets:
1) 65.01
Stop Targets:
1) 96.04
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +44.49%
Possible Loss= -29.73%
#Litecoin Rips Higher, Posting Over 2X from NovemberPast Performance of Litecoin
Litecoin is trading at Q1 203 highs when writing, looking at the performance in the daily chart. The coin has reversed losses of early this week, and buyers are in sync with gains of the better part of the second half of January. Per the current candlestick arrangement, primary support lies at around $90.
#Litecoin Technical Analysis
LTC is up by more than 100% at spot rates, trading in a bullish formation. The rejection of lower prices supports buyers who can look to double down on dips above $90, the primary support. At this pace, every low may be a loading opportunity for aggressive traders angling for $120 in the near term. Note that the February 1 bar has high trading volumes, which is overly bullish.
What to Expect from #LTC?
Buyers are confident, and the immediate trend has been established following gains in February. LTC looks likely to extend gains as it bottoms up from last year's lows. This preview is valid in the short term as long as the coin trades above $90.
Resistance level to watch out for: $120
Support level to watch out for: $90
Disclaimer: Opinions expressed are not investment advice. Do your research.
Litecoin - Are you a Bob -Trader ?Hi Traders, Investors and Speculators of the Charts 📈📉
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC, I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story... Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
Interested in another alt with massive upside potential? Here's a low risk high reward setup on LINKUSDT :
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$LTC/USDT 3D (#Bybit) Descending trendline breakout & retestLitecoin regained 200MA Daily support and seems ready to head back up towards 100EMA.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (1X)
Amount: 9.1%
Current Price:
62.63
Entry Zone:
61.18 - 54.30
Take-Profit Targets:
1) 72.98
2) 84.46
3) 95.93
Stop Targets:
1) 44.99
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +26.39% | +46.28% | +66.14%%
Possible Loss= -22.08%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1.7x
Estimated Gain-time= 3-5 months
#LTCUSDT #PoW #MimbleWimble #Blockchain #Dino #Mining
Websites: litecoin.org litecoin-foundation.org
Important price action zoneLitecoin strongly broke the resistance of the 0% Fibo range. The next resistance is $101.70, and the third is in the $107.10 range. These two levels are an important price action zone. Also, the target is one of the moving targets of the previous upward wave. So, in the daily time frame, if a negative divergence is formed on the chart, we can expect a price correction with a high probability. Also, breaking the bottom of the ascending channel can be another price reversal warning.
LTC/USD - Litecoin about to his three digits - AGAIN! 🚀Slow and steady wins the race, right? :)
Litecoin is about to hit $100 and you can't do anything about it.
If this key resistance is broken, then LTC will likely run off towards $120.
Important price action today/tomorrow. Stay tuned as this baby is about to rip.
Bias is bullish on this price action, but volume could use some love.
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LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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LTC is ready to $100Litecoin has been on an upward trend for some time now. I believe that this trend will continue, with LTC reaching the $100 mark in the near future. This is due to a number of factors, including its upcoming "accumulation zone" and its continued growth in popularity among investors. So, if you're looking to invest in a cryptocurrency that has the potential for big returns, LTC may be the way to go.
Litecoin to stall at highs.Litecoin - Intraday - We look to Sell at 90.49 (stop at 92.61)
The rally was sold into but, the dip lower has stalled.
Levels above 90 continue to attract sellers.
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 85.46 and 84.46
Resistance: 88.00 / 88.80 / 90.50
Support: 87.00 / 86.30 / 85.50
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LTCUSDT 4H Interval - Resistance and SupportLast in today's chart, we have the LTC chart against USDT, on a four-hour time frame. Let's start by marking the uptrend channel with blue lines, as you can see, the price is leaving the channel down for the second time.
Now let's move on to determining the support and as you can see we have the first support at the price of $85.64, the second at the price of $80.84, the third at the price of $77.11 and the fourth at the price of $73.29.
Looking the other way, we can mark the resistance areas in the same way, but first, it is worth marking the strong resistance zone from $ 90.35 to $ 93.29, only when the price breaks it will go towards the resistance at $ 98.10, and then $ 105.84.
As we can see, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downtrend, while the RSI is moving in the middle of the range.