#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.
LTCUSDT
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.
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.
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.
LTC SHORT AND LONG SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT and buy/long the LTC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
💲Litecoin Declines To Strong Support Zone💲💲Litecoin Declines To Strong Support Zone
💲Litecoin has been falling quite rapidly in recent days.
💲All thanks to the correction that is taking place on the main US S&P500 index
💲The entire crypto market has taken a hit along with this decline.
💲It looks like Litecoin still has some strength left to fall.
💲Ahead of us near the $57 price level is the 0.618 fibo level of the entire upward wave from the bottom to the current peak.
💲I have set a support zone there, which I expect to be captured over the next few days.
💲The scenario I'm playing out is a continuation of the decline to the support zone where I'll be watching closely to see how the price will react, waiting for the next upward wave. 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.
🚀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.🚀
LTCUSDT bullish signal.Hello Birdies,
So LTC is reaching at strong support making it a double bottom and our fib-arch gives us the pivot point and fractal to give more confluence to our entry setup.
So the entry setup is either at 55.38 or 50.41 both have equal chances.
There is an imbalance at 85-91 range which make. it our TP1 and TP2 is at where fractal pointing 11x. range.
Thanks for watching
The Silver Narrative Goblin Capital presents you another OG coin that is about to rip.
The 'Goblin Algoritme' indicates that OG coins are about to pump into oblivion.
In addition, I expect the ancient narrative (Bitcoin = Gold, Litecoin = Silver) to pick up soon.
If you look at historic price action (PA), accelerations basically go vertical with not much time to hop on the train.
Therefore, I don't mind being in a little too early. What matters to me is that I am in.
Soon (our) Goblin Capital fund will go live on Iconomi. Stay tun ed!
LTCUSDT 1HLTC Needs buying force to break through this bearish channel formed in the 1 hour, which won't be difficult because in addition to being a bullish asset, its RSI is showing exhaustion of selling forces.
LTC has just licked the lower edge of the keltner channel, giving an excellent entry point in the 68.40 region. If the NAsdaq continues falling it could see a pullback to 66.82. Follow the supports and resistances, in the 1h time
S: 66.69/ 64.32
R: 71.32 / 73.97
LTCUSDTHello dear friends
In the upward trend, the range of $85.2 was not fully consumed and the long-term descending channel was not broken upwards.
Considering these conditions and the signals we have in the lower time frames: if the current trend is below the purple range of $68.26, the possibility of forming a downward trend similar to the drawn scenario is strengthened.
We would be happy to hear your comments
LTCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower (im in pos from 63.1)
Target zone: 80-85 and 90-100
after first target reached move ur stop to breakeven
Stop: ~48 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2.5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
LTC Litecoin bullflag 100 USD ?Above is my analysis on LTC or Litecoin
Crypto market has been downward trending except for this coin Litecoin it has been showing strength this is because the Litecoin Halvening is coming in end July 2023 which is just 7 months from today.
LTC has been forming a clear bull flag which the target of the pole leads to prices above 100 usd
there is also a 0.382 fib bounce off the move from 48 usd to 85 usd therefore the bulls are showing strength for this coin and ofcourse people will buy ltc in anticipation of the halvening pump cus in 2018 the dec to 2019 june pump for ltc was 6x or 600%
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the LTC/USDT chart on a one-day interval, here we can also determine the uptrend channel using blue lines, despite the price breakout attempt at the bottom and the top, we remain in the channel all the time.
Let's start by identifying what support we have in the coming days, the first support will be at $75.29, but if that support is broken we will have second support at $72.11, third support at $69.05 and fourth support at $64.95.
Looking the other way, in the same way we can mark the resistance places that should be taken into account and in this situation we see that we have the first resistance at $82.39, if LTC breaks it and positively tests, we have further resistance at $87.91, the third resistance is at $92.30 $ and fourth at $96.73.
On the CHOP index, we see that there is a lot of energy for the next move, the MACD indicator indicates a local downtrend, while on the RSI we are above halfway, but there is still some room for further growth after a small correction.
#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...
InvestMate|Litecoin Calm Before The Storm💲💲Litecoin Calm Before The Storm
💲As I wrote in a previous post about the possibility of seeing $130 for Litecoin in the coming weeks/months.
💲The outlook remains unchanged.
💲I would like to update it taking into account today's inflation readings from the US which once again fell compared to previous readings and the cryptocurrency market reaction to this news.
💲As we can see, the crypto market has aggregated great optimism, with most cryptocurrencies breaking out of long-term accumulations.
💲But Litecoin was not moved much hence the title.
💲I believe that on the wave of this optimism we may see another strong surge in this cryptocurrency in the coming days.
💲The support and resistance levels remain unchanged.
💲The most significant resistance zone still remains the $130 level
💲Looking at the MACD ora RSI I have no doubts about the possibility of seeing these price levels in the future.
💲The scenario I'm playing out is a continuation of the upside to reach around the resistance levels. 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.🚀
FRACTAL: LTC Litecoin LOVES Decembers ⬆Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Historically, December is a bullish month for Litecoin, with the price often going parabolic and increasing more than 100 % ! Previously, 4 out of 5 Decembers, the price of LTCUSDT has increased exponentially. A quick look at a fractal that played out during 2020 from this exact support zone that we are currently trading on ($68) shows a whopping 168% increase.
While you're here 👀 Here's a guide to risk reward ratios and how to setup the perfect position :
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CryptoCheck
LTC Litecoin Buy When Breaks Out 20221211Signal: Red -> Green
Context: Green
Waiting for a Breakout
LTC, Litecoin, LTCUSD, LTCUSDT, LTCUSDTPERP, CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
InvestMate|Litecoin Target $130💲💲Litecoin Target $130
💲This time it's time for Litecoin, which in my opinion like the rest of the cryptocurrencies has a lot of upside potential.
💲Looking at the high buying interest in recent weeks. It's not hard not to get the impression that someone is intent on accumulating Litecoin at cheap levels.
💲Taking everything into account, it looks like we will go down from the current accumulation at $77 to once again test the support zone set by the 0.382 level of the entire upward wave from the bottom to the current peak.
💲At that point I expect a strong reaction from buyers. The zone has been respected many times in the past.
💲The target level where I see Litecoin in the coming weeks in case of an upside scenario is around the $130 level. Where is the resistance zone determined by the 0.236 level of the entire downward wave from the 2021 peak to the 2022 bottom.
💲Histogram MACD and RSI also lean towards an upward scenario in the long term.
💲The scenario I am playing out is to expect a test of the support zone and wait for a breakout to join the upside to the $130 levels. 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.🚀