#Litecoin Bulls March Slowing, Resistance at $60Past Performance of Litecoin
The uptrend is still valid, and Litecoin buyers currently have the upper hand despite earlier losses. As per the LTC candlestick arrangement, traders may find loading opportunities on every dip towards last week's lows at $48, with targets at around June 2022 highs at $65. When writing, LTC is up three percent on the previous trading week.
#Litecoin Technical Analysis
Litecoin bulls are solid, and the uptrend is defined when writing. Even though the drive higher is not rapid and participation levels relatively low, traders may buy on every retracement above $48. This level flashes with the 61.8 percent Fibonacci retracement level of the June 14 and 26 trade range. Based on this formation, traders can target $60 and later $65. Risk-averse traders can wait for a high volume break above $60 before loading with immediate targets at $65. On the reverse side, sharp, high volume losses below $48 will slow down buyers, and LTC may drop to $41 in a bear continuation pattern.
What to Expect from #LTC?
Buyers still stand a chance in the current candlestick arrangement.Despite losses in the Asian session, prices are within the June 19 bull bar, thus strengthening the long preview.
Resistance level to watch out for: $60
Support level to watch out for: $48
Disclaimer: Opinions expressed are not investment advice. Do your research.
LTCUSDT
Is Litecoin Forming an Uptrend?- LTC has formed a head and shoulders pattern, I predict for the week of July 11 to July 16 #LTC to cross $65
- Chart analysis from November 2021 to July 2022: #LTC broke out of the Triangle pattern and is in a slight uptrend
- From January 2022 to July 2022 #LTC runs in a flag pattern, if LTC approaches $65 will touch the upper edge of the bullish flag, there is a possibility that #LTC will officially reverse.
After calling the low in #Litecoin back in June 4th to $40...
we are due a nice rally
Back to the old funnel area of $65
After first calling a break to $80
and then the (most likely) final bearish continuation patterm
I am no longer bearish!!!
And I am currently long #Litecoin
avg entry price $50.61 via futures contracts
Litecoin LTCBTC - Falling wedge + New bull market! +Elliott Wave- On the weekly chart we can see a falling wedge - bullish reversal pattern and the price is currently above the wedge!
- Due to my Elliott Wave analysis - we have completed an impulse wave successfully (12345) as you can see.
- Our profit target is 0.618 FIB retracement of the wedge or you can target top of the wedge if you think that the price can go even higher.
- LTCUSD pair looks strong compared to bitcoin last week, so we can really experience a huge uptrend.
- We have a huge volume spike as you can see on the indicator!
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
Ltc new update1. Trend line standard price not fall below
(this sinc this month will pull green candle)
2. This trend line is spike so this month
will be 28 range.
(after that will pull back to 50range )
3.ltc never reach 24 below this idea..
Last level 23
Previous year 26
Now except 33 ????
Thanks
Aslam
LTC/USD symmetrical triangle Past trading idea + 313%in an uptrend, a symmetrical triangle with a base of 100% has formed. The price is squeezed into a corner. There is a huge probability of a breakdown of the descending trend resistance of the triangle.
Past trading idea.
The entry point was shown (publication of the idea) just before the reversal of the downtrend. With the breakdown of the resistance of the big triangle, profit at the moment is + 313%
LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.
Also note that in the Litecoin / Bitcoin trading pair, the price is close to the support of the horizontal channel of accumulation and historical lows of the price. Great potential.
Litecoin looking lowerLitecoin
Intraday
We look to Sell at 49.96 (stop at 52.06)
A bearish Head and Shoulders is forming. We look to set shorts in early trade for a further test of the fragile looking support. A move through bespoke support at 50.00 and we look for extended losses. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 44.02 and 41.01
Resistance: 55.00 / 58.50 / 74.00
Support: 50.00 / 44.00 / 41.61
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Litecoin sitting on ghost supportLitcoin has a grind down that hasn't stopped, this flush out is extremely necessary to find out where in the world there is support which is why somewhere between $10 and $2.50 is a good idea to dabble in. I don't know what this is other than a fork of Bitcoin but it's on CNBC and retail will probably pile in once it's cheap enough.
Litecoin looking towards the 61.8% Fib? Litecoin
Intraday
We look to Sell at 54.63 (stop at 55.69)
A bearish Head and Shoulders has formed. We have a 61.8% Fibonacci pullback level of 54.82 from 57.00 to 51.30. The hourly chart technicals suggests further upside before the downtrend returns. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 51.30 and 47.51
Resistance: 54.50 / 58.50 / 74.00
Support: 51.30 / 50.00 / 41.61
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LTC/USDT - Potential Short ScenarioHello Traders!
LTC price continues to move within the descending trend. The downside phase is nearing completion.
The culmination of the downward price formation will be the departure of the price under the support level of $39.30
We can consider medium-term purchases in the range of $29.50 - $39.30
Targets will be price levels of $63.00 and $83.00
Good luck, and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice