LTCUSDT
LTCUSDT 4HLTC formed a perfect accumulation triangle and, breaking the upper edge of this one which is at 76.95, LTCUSDT explodes upwards, seeking 85.05. Before you have to go through the resistances of 77.8 / 79.57.
RSI flat on the chart, indicating oversold and reinforcing the upside triangle breakout.
In case there is a reversal of this trend, I would look for its supports at 75.10 / 74.01 / 72.75.
Suports: 75.10 / 74.01 / 72.75.
Resistances: 77.8 / 79.57.
#Litecoin in a breakout, Rallies 67% from November lows Past Performance of Litecoin
Litecoin remains within a bullish breakout formation, doubling in the past six months. The coin is within a breakout formation at spot rates, clearing critical resistance levels. Accordingly, buyers have re-established themselves, setting the base for a possible recovery.
#Litecoin Technical Analysis
At spot rates, LTC is up 67 percent from November lows, reversing losses of early November 2022. Because of this, buyers have the upper hand. Subsequently, every low above $70, flashing with November highs, presents a loading opportunity for aggressive traders. This bullish preview holds considering the failure of sellers to push back prices, reversing gains made thus far. Besides, the upside momentum has resumed after waning in late November. From this setup, LTC bulls appear to set their eyes at $100, a psychological reaction level.
What to Expect from #LTC?
There are fundamental factors behind the revival, a welcomed move after losses in 2022. The immediate support is at $70. If bulls sustain this level, LTC may post more upsides in the short term.
Resistance level to watch out for: $100
Support level to watch out for: $70
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTCUSD Is a Good Bet Right NowI saw this in a prior analysis but thought I would elaborate a bit.
The horizontal in 2017 was a period of low volatility, extremely low. But it was a great place to buy. Price pumped to about $300.
The horizontal seen today shows low volatility again, on a grander scale. Can the pump points be compared?
As digital currency enters the mainstream Litecoin will win in this setting.
Mimblewimble, Litecoin's newest network Mimblewimble, Litecoin's newest network upgrade activates on the 19th of May 2022
We look at the logarithmic chart
LTCBTC is trading near the lower support line of the descending channel, against the backdrop of good news, I expect a rebound to the middle line of the channel, and possibly even to the channel resistance line.
Current LTC price 70$
Best regards EXCAVO
Litecoin Hits A New High, Continues Aiming Towards $100Today we see Litecoin still pushing higher with a new high and the highest price hit since May this year.
Trading volume is also high today which tell us that this move is real.
Previous analysis | Dec. 2 | Litecoin Still Trades Above EMA10 | $100+ Still Possible As ...
Additional details, support and resistance levels, can be found mapped on the chart.
Namaste.
Litecoin (LTCUSD) Testing 1.5 YR+ Downtrend ResistanceLitecoin is breaking out above a major downtrend resistance connecting the May'21 and Nov'21 highs. The last pre-halving rally began roughly 7 mo before peaking (Jun'19) 2 mo ahead of the Aug'19 halving. If LTCUSD behaves as it did last cycle, w/ the next halving occurring Aug'23, and the pre-halving rally ending ard Jun'23, the 7 mo pre-halving rally has likely begun.
BINANCE:LTCUSD
LTC scalp tradeHere are two positions you can get into. If you decide to open a position with $100 margin, divide it into 30-70 to minimize the loss.
I used volume and price action to find out this area and I expect a slight reaction as the last time price touched this area, it pushed the price down strongly.
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Nothing in this video is a financial advice.
LTCUSD Climbs into Weekly Channel Litecoin has seen a early move with price climbing into the midst of the Gaussian Channel on this Weekly timeframe
This allows price to form a strong wick/candle at the bottom of the channel as price continues to move upwards
Ridiculously good buy when considering the Monthly of this chart aswell