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LTCUSDT

LTC - Positive momentumLTC has been trading in a range with positive momentum over the past week. LTC trades below the $70-$72 resistance range and the $62.1-$64.3 support range. But if you pay attention to the chart, the trend was downward before entering the range area. Therefore, we can draw a downward trend line, and if this dynamic support breaks, we can receive a price reduction signal. Also, in the 4-hour time frame, double ceiling patterns are forming under the roof of this resistance, which will be confirmed if the trend line is broken. More accurate linear support can be considered at the price of $67.5. We can consider this range almost as the midline of the channel range, which in case of collision, there is a possibility of reacting to this level for minor fluctuations. But in the bullish scenario, if the current resistance is broken by buying pressure and the price growth continues to the level of $73.6, we can consider the resistance broken, and after the pullback to this level, expect to continue the upward movement to the $77 range. to be
by MonoCoinSignal
5
Pre halving potential ROI for LITECOIN Today, I wanted to show similarities between the last halving and this one. If we were to get the same ROI that we saw in 2015 and 2019, that we saw 6 months leading up to the halving, we could see a 200-300 LTC by the next halving 8-2023. We closed above the POC, momentum is moving up. The only thing I do not see yet is volume coming in. I also do not know what LTC will do if BTC keeps tanking. Let me know what you guys think and please like, comment and follow! Thanks and God bless.
by JCLARK87
💲Litecoin Heading For $85💲💲Litecoin Heading For $85 💲Litecoin, in my opinion, has really strong potential for growth in the coming weeks. 💲Comparing it to other cryptocurrencies, it stands out very positively. 💲The technical environment is very supportive of the upward perspective. 💲In my opinion, we are facing the next wave of growth on Litecoin. 💲The support zone is located around the fibo level of 0.5 of the entire upward wave from the bottom to the current peak. 💲I set the resistance zone near the recent peaks. 💲The scenario I am playing out is the start and continuation of a new upward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
Litecoin forecast in next few days!#LTCUSDT After a 5 waves of Elliot we can see the other pack has been created and it’s almost completed the 4th wave. To calculate the PRZ of wave IV we have Extension wave 4 in 161.8 fib and Expansion level of 100 of fib. In the other hand we can see the PRZ overlap with the PRZ of a Shark Harmonic Pattern in here. In order to make a decision, I’ll be waiting until the Pivot 4 hr has been broken down and the direction of trend become downward to execute the trade. My target is 52.99 and 47.12 as a main support area of the coin.
Short
by Daragolbon
1
#Litecoin in a Bullish Breakout Formation, Will $65 Hold?Past Performance of Litecoin Litecoin is relatively solid when writing. Despite the contraction after what promised to be a welcomed reversal after months of lower lows, there could still be hope for bulls. At spot rates, LTC price action could be completing a retest after springing 60 percent from June 2022 lows. #Litecoin Technical Analysis The bullish breakout above August highs (now support) at $65 in late November 2022 is valid. LTC more than doubled from November lows, peaking at $85 in early December before contracting to $65. This line flashes with August 2022 highs. Accordingly, LTC has completed the second phase of a breakout. If LTC bulls hold above $65, prices may rally back to $85 in a bullish continuation formation. Before then, traders can place triggers at around $70 before redoubling the accumulation. Conversely, losses below $60 invalidate this forecast. What to Expect from #LTC? Litecoin prices are trending at a critical level. A valid retest from $65 means LTC must expand above $70, confirming gains on December 20. If not, losses below this week's lows will cancel the bullish preview. Resistance level to watch out for: $70 Support level to watch out for: $60 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
2
LTC: Pullback in UptrendLitecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence signaled that price could not hold above $75 key level and pulled back near $60 support and 200-day MA, which could be a swing entry opportunity. Price remains in an Uptrend. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a corresponding new high value. In other words, a bearish divergence forms when a coin price records a higher high and RSI forms a lower high. RSI does not confirm the new high and this shows weakening momentum. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $50. The nearest Resistance Zone is $75, then $100.
Long
by altFINS
1
LTCUSDT 1D Interval - Resistance and SupportI invite you to review the LTC to USDT chart on the 4H time frame. At the beginning, let's mark the uptrend channel in which the LTC is moving, but what we can see locally is below the downtrend line. As we can see the first support is at $61.91, if the support is broken then the next support is at $55.69 and $47.60. Looking the other way, we see that the first resistance is at $67.14, if it manages to break out, the second resistance is at $70.54 and $73.33, then the price has to go through the strong resistance zone from $76.10 to $80.09, only when the price breaks out and tests it positively, it will be able to continue growing. As we can see, the volume indicates a definite advantage on the part of the sellers, what's more, on the CHOP index we see that there is a lot of energy, adding to this the RSI indicator, which shows a small rebound, we can see a deepening of the correction around the lower part of the channel.
by cryptodailyuk
LTC: Pullback in UptrendLitecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence made us cautious and indeed price could not hold above $75 key level. Price remains in an Uptrend and pullback near $60 support and 200-day MA could be a swing entry opportunity. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a corresponding new high value. In other words, a bearish divergence forms when a coin price records a higher high and RSI forms a lower high. RSI does not confirm the new high and this shows weakening momentum. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $50. The nearest Resistance Zone is $75, then $100.
Long
by altFINS
2