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LTC/USDT Harmonic Pattern Analysis for Profit PotentialOverview: LTC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action reaching a critical support level. This convergence suggests a potential bullish reversal from point D, presenting a favorable opportunity for traders to capitalize on the anticipated upward movement. Entry Strategy: We recommend entering a long position near 97.8739, strategically positioning ourselves to benefit from the anticipated bullish momentum. Stop Loss Placement: To mitigate potential downside risk, it is advisable to place a stop loss order near 92.028411. This level serves as a safeguard against adverse price fluctuations, preserving capital in the event of an unexpected market downturn. Take Profit Targets: Our analysis identifies multiple profit-taking opportunities to optimize returns: - TP-1: 102.8740 - TP-2: 108.2745 - TP-3: 113.7637 These targets are strategically aligned with key resistance levels, offering potential exit points as the price advances. Risk Management: It is imperative for traders to adhere to disciplined risk management practices, including proper position sizing and adherence to stop loss levels. Additionally, monitoring market conditions and adjusting trading strategies accordingly can help mitigate inherent risks associated with speculative trading. Conclusion: In conclusion, the technical analysis of LTC/USDT indicates a promising bullish outlook, supported by the formation of a harmonic pattern and confluence with key support levels. By implementing a prudent entry strategy, combined with effective risk management techniques, traders can potentially capitalize on the anticipated upward movement and achieve favorable returns.
BINANCE:LTCUSDLong
by trading_jupiter
LTC IS READY FOR A MASIVE MOVE!🚀CRYPTOCAP:LTC has recently bounced from its long-term support level which has held for 1900 days, as indicated by historical price interactions. It has broken out of the symmetrical triangle pattern and is currently being it, with $78 serving as support. In the past, when it previously broke out, it bounced around 500%, so we can expect a similar move this time too. During this anticipated movement, it's important to note that there will be resistance at the $135 level, as well as the all-time high (ATH). #DYOR #NFA
Long
by CRYPTOMOJO_TA
8
"Analyzing Long-Term Support of LTC to Identify Opportunities"COINBASE:LTCUSD is currently trading above a significant long-term support level that has held for 1890 days, as evident from historical price interactions. This support has consistently resulted in a bounce for LTC whenever the price approaches it. While we anticipate another bounce, it is prudent to acknowledge the possibility of a breakdown. Fortunately, the risk associated with this trade is minimal due to a short stop-loss (SL). The trade appears favorable with a low risk and a potentially high reward. Turning our attention back to the chart, the symmetrical triangle pattern observed indicates similarities with a previous breakout, leading to a substantial 500% increase. The formation of a similar pattern now suggests the potential for another breakout, which could lead to a significant upward movement. Noteworthy resistance levels during this anticipated movement include $79, $135, and the all-time high (ATH). It is imperative to emphasize that this analysis is not financial advice. Investors are strongly encouraged to conduct their own research (DYOR) and base their decisions on individual risk tolerance and market comprehension.
Long
by CRYPTOMOJO_TA
2
LTCUSDT - D1LTCUSDT D1 - The price has emerged from a protracted consolidation through a triangular formation, which may lead to further upward movement. You can try to consider buying from the level of 73.20. If the price can gain a foothold at the level of 68.80 and make a retest, we can expect the movement to continue. Global target 115.05 If there is a false breakout and liquidity is removed, the price may return to the channel; in this case, it is necessary to wait for a clear formation to consider purchases. What can you expect? You can consider entering from the level of 73.20 (you can consider breaking through the level) with further movement to the target 94.56. You can also consider entering from a correction if the price consolidates above 68.80 (With exit from the position after the 2nd wave) Cancel the idea so as not to take increased risk from the level of 59.50 - 55.10. There may also be a false breakout of this level and continuation of the upward movement - in this case, it will be necessary to wait for a clear formation to continue the upward movement. It is better not to trade inside the channel, but to wait for a clear situation for trading. Targets 79.80 - 85.47 - 94.56 - 115.05
Long
by Trade_Hive_Signals
LTCUSDT at monthly support, likely to bounce soon.The price has been going down since it hit the monthly resistance MR1 a few months back. The price came back to monthly support and bounce from there. Now it is experiencing a pullback from that bounce and the price is currently trading at weekly support WS1 which is also close to monthly support MS1. I think the current setup is offering a good long opportunity on high time frame. The last monthly candle close has been bullish and indicates that the current or next monthly candle is going to be a green one. The price is also at the support level which is providing a good confluence. Some indicators are also indicating the direction for the price to be up side in the coming days. There can be a bit of dip into the MS1 but not necessary. Overall it is looking good for a long on high time frame.
Long
by angela_altair
#LTCUSD- LONG BIG MOVE TARGETING 106!-After a months of bearish and seller control price recently have shown the bullish reversal, potential a long bull trend has began. Price bounced at the daily external liqudity zone. -Our first target that we are aiming is 106 however if we break that trend then it will be an indication of the long run. -Trade will be activated once it shows some retracement so we will have a spot on entry. -If you like the idea, do let down your views in comment.
COINBASE:LTCUSDLong
by Setupsfx_
8
LTCUSDT to hit weekly support and bounceThe price hit the monthly and weekly resistance confluence MR1+WR1 and got rejected from there. Currently the price is facing pullback due to that rejection. Next signifiant support is the weekly support where the price is likely to be headed. I expect the price to touch this weekly support zone for a good bounce. By the way, prospect of this one is looking good as it has pushed itself up strongly and moved beyond the downward trend line. The next strong support level is weekly support WS2.
Long
by angela_altair
Litecoin Halving Soon,what's Next?#LTC UPDATE LTC is creating a symmetrical triangle pattern in this daily time frame (basic about symmetrical triangle pattern) A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS #Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. #The breakout or breakdown targets for a symmetrical triangle are equal to the distance between the initial high and low applied to the breakout or breakdown point. #Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. The upper trendline is acting as resistance right now, and if it doesn't break out of this pattern, we may see a retest of the lower level of this pattern, which is also the golden level of fid retreatment. After the breakout of this pattern, we can anticipate a very strong bounce. LTC is encountering resistance at $102 but market sentiment indicates a breakthrough is on the horizon. The best exit place for short-term investors would be in the $130–$140 region if this barrier is broken, at which point LTC might start a bullish run. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4