Ltcusdtlong
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.
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LTCUSDT at daily support, long favorable towards 91 and upSo the price has hit the daily support as expected in the last short idea from weekly resistance. Now this is an opportunity favoring long here. I believe the price shall bounce from this daily support. towards the next resistance zone around 91 and probably further up to weekly resistance WR1. It might dip a bit further lower but that should not scare us from this long opportunity.
LTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower (im in pos from 77.3,my stop in breakeven but if i get stop i will reopen,until we above 65 main targets 120-130 is relevant)
Targets: 105 - 115 - 125
after first target reached move ur stop to breakeven
Stop: ~66 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
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Ltc Breakout Ltcusdt
The price of LTC/USDT is currently attempting to break out of a horizontal resistance level and a symmetrical triangle pattern simultaneously.
If the breakout is successful, we anticipate a massive bullish wave to follow. However, it is important to manage your risk and conduct your own research before making any investment decisions.
Please note that every investment involves risk, and there are no guarantees in the cryptocurrency market. Therefore, it is crucial to exercise caution and make informed decisions.
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LTCUSDT heading to 3h support, long favorable from thereThe price has been pushed back from the weekly resistance and currently trading right under it. It is also trading currently above 1h support zone after hitting it and bouncing from it. A long shall be favorable if the price hits the next support zone marked as 3HS. The target for that long should be 94.66. In case this 3HS support is lost, the next support is DS and then a long shall be attempted from there towards 92.5
LTCUSDT Elliott Waves Analysis (Local Setup)Hello 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 77.3)
Targets: 105 - 115 - 125
after first target reached move ur stop to breakeven
Stop: ~65 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Litecoin in symetrical triangle.Litecoin - 16h expiry - We look to Buy at 78.71 (stop at 75.71)
Price continues to trade within the triangle formation.
Trend line support is located at 78.70.
We look to buy dips.
Expect trading to remain mixed and volatile.
Daily momentum has stalled and our bias is neutral.
Our profit targets will be 85.91 and 86.91
Resistance: 82.00 / 83.28 / 86.00
Support: 79.71 / 78.50 / 76.76
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