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LITECOIN trade ideas

LTC ☁️ Downtrend, Time to Sell? A bullish sun 🌞 shines over most of the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling further upside for cryptocurrencies. Binance Coin and Litecoin buck this positive trend with cloudy, bearish trading conditions ahead, ATTMO shows. ☁️ Over a one-week horizon, the sunny 🌞 upward trend will persist, although the price gains are likely to be smaller. Ripple’s XRP, Polkadot, and Uniswap will face bearish clouds over this longer time period. ☁️ Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution. On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly. If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown. Support levels: 71.09, previously broken resistance, 66.13 Resistance levels: 72,30, 73, 74 Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart. BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards, R. Linda!
COINBASE:LTCUSDLong
by RLinda
4
Ltcusd Trading IdeaToday, we're going to take a close look at LTCUSD and an intriguing potential leading diagonal setup that has caught our attention. It appears that LTC has recently completed five waves within what seems to be a wedge-like structure. This development suggests a possible leading diagonal pattern formation, which could signal an impending downward move in the short term. We have identified a significant BUY back zone that should be closely monitored for potential buy decisions. This area presents an attractive entry point for long positions, provided the breakdown occurs and the price reaches this zone. Moreover, we should be well aware of the importance of the immediate resistance level. If the price manages to break above this level before the wedge breakdown, it will invalidate our bearish bias. In such a case, our immediate plan will be to consider buying during the pullback. Remember to stick to your trading plan and avoid making impulsive decisions. Good luck and happy trading! Feel free to share your thoughts and observations in the comments below. Let's make the most of this potential setup together.
BITSTAMP:LTCUSD
by weslad
8
Everything you need to know about Litecoin Halving👨‍🏫Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ). 📚First, let's learn more about Halving and especially Litecoin Halving .📚 💡 What is a block-halving event ❗️❓ As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving. 💡 Why was Litecoin Halving done ❗️❓ Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time! 💡 What is the Litecoin Halving History ❗️❓ Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC. 💡 When is the Next Litecoin Halving ❗️❓ The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC . -------------------------------------------------------------------- 📈 Technical : Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened. If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend . The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴. In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA . The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time. In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓ -------------------------------------------------------------------- According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓ Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:LTCUSD
by pejman_zwin
34
LTC/USD Coinbase Harmonic PossibilityIf you don't know already bitcoin has completed a continuation diamond on the weekly and in terms of scale, most of the cryptos followed it and have their own pops but not every crypto expressed price action of the same kinds of percentages at the least. What I have seen similar to XRP before it exploded a couple of days ago is that LTC seems like it's having an accumulation before a strong move. A squeeze if you will which is a very common term in trading. Now in this case I think it could be harmonic. I don't know if I can validly draw the common or even uncommon bullish or bearish harmonic patterns we know in love but what I can say is that LTC has been creating a mirror of price action for many weeks now. It also seems that we are on the last leg of this structure in theory... which should be creating a little chicken wing if you will to the right, a small triangle or wedge to complete this and we should be seeing strong moves up or down. I have set some possible targets based on what I call structural interruptions. I usually measure like this when dealing with bear or bull flags or diamonds but I can't ignore the possible bus stops we could get due to the slowdowns of price action even after a volume well appears on the left of the structure. If it copies what's left to it 1:1, we should go up and people will consider the weekly a double bottom. If we aren't pretty sure anything that's $60 or below is a buy zone but the $60 dollar mark is like the other extreme of a range where there should be (or not, do you boo) Short orders with stop losses. In fact, my TD Sequential indicator shows exactly where it can land for a possible buy-in marked in blue at its max potential to the downside. That would be roughly $45. Anyway, that's it :)
COINBASE:LTCUSD
by bloodbound696
1
IGNORE THE FUDThere has been increasing Litecoin FUD lately, Ive noticed. I dont listen to it because Litecoin fundamentals have never been stronger, and compared to all the other garbage no one uses Litecoin is actually looking quite sexy to the investor who has eyes to see beyond the BS. Also for the LTC bulls go take a look at the top richest wallets. You will be able to see that the smart investors are the ones loading up as much as they can recently. It wont be long, usually there is a lot of FUD before a major move, and there are so many who are salty because they invested at the top and lost their shirts so now they hate LTC because of it. Ignore all that and know that this coin will be #2 again very soon. Charlie didnt sell his stash because he needed the money. Ho got a whisper in his ear back then about the securities issues that are about to delete 99% of all the crap out there. When that happens guess what will still be around :) Good luck and this is not financial advice, just my opinion. Thank you.
KRAKEN:LTCUSDLong
by Bitgolder
5