LTC/USD Price analysis 5/03(HODL)UpdateLTC/USD (LONG SET UP)
BUY AT- $290.00/$280.00/ $270.00/ $260.00
TP.1- $300.00
TP.2- $325.00
TP.3- $350.00
TP.4- $375.00
Support: $290.00/$275.00/ $265.00/$255.00/$245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00
Resistance: $300.00/ $325.00/ $350.00/ $375.00
The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA , the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168.
On the contrary, if the bulls successfully defend the 20-day EMA , it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02.
This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
Ltcusdtanalysis
LTC is making "W" in Weekly Chart!#LTCUSDT
This can be taken as a long term trade!
According to technical analysis, LTCUSDT chart is making W Pattern in the weekly timeframe chart. It will complete its W in 6 months to 1 year time.
W Pattern is formed when the price dips down the first time and the bulls try to buy the dip which makes the price rise to a certain point but eventually, the price makes a similar dip before being bullish (ultimately) which confirms the W pattern.
#SyedMuneebAli
LTC - 2h. Buyers kept the growth trend!Despite the sharp drop in LTC prices provoked by BT C, the price range is important $126-131 withstood the blow.
The price of LTC remained in the white growth channel. The sellers tried to break through this range at high volumes. After the formation of a false breakdown , buyers seized the initiative.
If the local fall wave is complete, the price should not fall below the range of $126-131 today. This signal will allow you to make a short-term trade with a target of $150 .
The current wave of fall has reached the first target of our previous idea. In addition, the preliminary idea has a global LTC growth target. If you haven't viewed it - click on the link below :
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LTCUSDT to go to $270? - Weekly ChartAs highlighted we have had a macro negative trendline break which started an uptrend and now a double bottom setup finalising
The height of both of these gives us a final target at $270
However it will pullback on the way, the dashed lines being my other take profits and the small dotted lines being areas of resistance - evident as we bounced off $161
Depending on market conditions the amount we take out at each level may change giving the opportunity to enter on a pullback from these levels!
Only thing to bear in mind is the RSI is hugely overbought, which may see momentum slow next week or the week after.
Happy crypto market guys, lets make the most of these waves
ETH has done unreal today, trying for $1000 and BTC strength continues with it sitting around $32-34k
Volatility is majorly high though so take care, remember suitable stop losses!
Mine for this trade is a little below the neckline, haven't raised it yet as will manually remove some position with aim to re-enter lower if we get bearish divergence on the daily time frame!
LTCUSDT - Double Bottom Broke and Retested - 4HRHere we go guys, setup we posted on 28th December has activated. I was in from the breakout of the green trendline slightly lower, and bought few more around 149 as the retest didn't quite pick up my bids which were closer to 146
This setup looks great to go to crazy targets of $270 as I will outline in my next post
However, in the short term all 1HR, 4HR and 1D charts show overbought RSI unsurprisingly and if tomorrows Daily candle is red we will see major bearish divergence form on the day chart
If so we could see the price could short below the neckline of 146, down to regions of 140 and maybe below but I expect this to be bought up and we see this setup 100% play out - would provide great opportunities to buy
Especially if the weekly can close above 146 which I fully expect to happen given current market conditions!
Next post will highlight the weekly chart and my macro target...
LTC/USD - looks shorts.Signs of shorts position:
- Maximum downshifting.
- EMAs are showing a downtrend.
- AO shows a falling trend.
- RSi is in a bearish trend.
- Strong resistance 43$
Canceling the short position, going over $43 level.
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