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Focus on LTC/USD Stability above Key Pivot PointsHello Everyone, Recently, LTC/USD has experienced a downturn, emphasizing the importance of maintaining its current position above the monthly Pivot Point (1M PP), which has served as a reliable support level. Our main objective now is to secure a stable position above the weekly and daily Pivot Points (1W/1D PP), which have presented resistance challenges previously. Should the price consolidate below the monthly Pivot Point, there's a possibility of further testing of support levels. TradeWithTheTrend3344
COINBASE:LTCUSDLong
by TradeWithTheTrend3344
Litecoin the little coin that can! Who else is impressed with the way Litecoin has been the front runner blue chip coin as of lately. I know LTC has lots of catching up to do especially when it comes to its other blue chip coins. BUT when fan favorite Litecoin moves, it'll definitely lead the way for many other alt coins. Let's take a look at a few key levels we can expect LTC to visit on its way to the moon. First we have the red box of resistance which has acted as strong support as well as strong resistance in the past. Historic level of both support and resistance I would say. Which just so happens to line up well with the yellow overall .236 fib level at 128.82(29% away). Second we have the white fib which is drawn from most recent swing high to swing low. Point of interest on this fib is the .618 at 202.05(103% away). After these levels are met without a major rejection we can start looking at higher levels. But for now these are strong levels to expect for an upside movement. Lastly what's confirmed my bullish bias for LTC(not that it takes much for me) is the break out from the purple trend line. First touch point on March 28 2022 and second touch point February 13 2023. With a break out February 26 2024. Beautiful movement with fan favorite Litecoin, love to see it pump! Trade safe peeps! p.s hurry up John.
COINBASE:LTCUSDLong
by crytobullmike
Jesus LTC !Litecoin is a cryptocurrency that operates on a decentralized network, similar to Bitcoin. It was created in 2011 by Charlie Lee, aiming to offer faster transaction times and lower fees compared to Bitcoin. Regarding its future with AI technology, there are several potential intersections: 1. **AI-Powered Trading:** AI algorithms could be employed to analyze market trends and make predictions, potentially aiding traders in making more informed decisions when trading Litecoin. 2. **Fraud Detection:** AI can be utilized to detect fraudulent activities within the Litecoin network, enhancing security and trust among users. 3. **Smart Contracts:** AI technology could facilitate the development of more sophisticated smart contracts on the Litecoin blockchain, enabling automated and self-executing agreements with greater complexity. 4. **Scalability Solutions:** AI could help in developing solutions to address scalability issues faced by Litecoin and other cryptocurrencies, such as optimizing block size or implementing layer 2 scaling solutions. 5. **Personalized Financial Services:** AI-driven personalized financial services could be built on top of the Litecoin network, offering users tailored recommendations for investments, savings, and spending based on their individual financial situation and goals. In essence, integrating AI technology with Litecoin could lead to advancements in efficiency, security, and user experience within the cryptocurrency ecosystem.
BITSTAMP:LTCUSDLong
by TrojanBible
LTCUSD: About to start an unprecedented end of year rally.Litecoin is about to turn overbought on its 1W technical outlook (RSI = 69.352, MACD = 5.439, ADX = 27.356) but that is far from a sell recommendation. This chart shows that the historic pattern since its start is a Channel Up which sees its greater returns and starts the cyclical rally when the 1W RSI turns overbought. All rallies have hit at least the 0.618 Fibonacci trendline so this is where our end of year target is (TP = 1,600). On an extreme bullish scenario, it can even reach the Channel's top, extending to a +32,549% growth as the 2017 rally, which return a target at 12,000. Best to have have sold the majority of your LTC at 1,600 though. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BINANCE:LTCUSDLong
by InvestingScope
Litecoin Emerges as Second Best-Performing Cryptocurrency Litecoin ( CRYPTOCAP:LTC ) has recently emerged as a standout performer, surging to become the second-best-performing digital asset in the top 100. This remarkable ascent comes on the heels of a pivotal declaration by the United States Commodity Futures Trading Commission (CFTC), cementing Litecoin's status as a commodity. While meme coins capture headlines with their volatile swings, Litecoin hodlers are experiencing a euphoric rally, celebrating a surge of nearly 11% in the last 24 hours alone. This surge signifies a significant leap for Litecoin ( CRYPTOCAP:LTC ) amidst relatively stable markets, where Bitcoin and Ethereum corrected by less than 2% over the same period. The CFTC's acknowledgment of Litecoin ( CRYPTOCAP:LTC ) as a commodity holds profound implications for its future trajectory. By delineating Litecoin from securities regulations enforced by the Securities and Exchange Commission (SEC), this recognition paves the way for a plethora of opportunities and integrations. Litecoin stands poised to receive more comfortable endorsements and foster deeper integration into mainstream financial systems, unshackled by the specter of SEC enforcement actions. The genesis of Litecoin's recent surge lies in the CFTC's lawsuit against crypto exchange KuCoin, where Litecoin was explicitly categorized as a commodity. The complaint detailed KuCoin's involvement in facilitating futures, swaps, and leveraged transactions involving digital assets like Bitcoin and Ethereum, alongside Litecoin. Litecoin's journey to its current heights has been marked by strategic movements and technical prowess. Trading within a horizontal channel between $63 and $77 for January and February, Litecoin ( CRYPTOCAP:LTC ) broke free from this confinement on February 29, igniting a bullish trend that has seen remarkable gains throughout March. Technical Outlook From a technical standpoint, Litecoin exhibits signs of strength and resilience. The Relative Strength Index (RSI) indicates a slight overbought condition, yet bullish sentiment prevails with a dominance of 61% bulls over bears. Litecoin's ability to bounce off key moving averages reaffirms its bullish trajectory and underscores its robust market fundamentals. Moreover, if Litecoin's ( CRYPTOCAP:LTC ) price sustains its bullish momentum and overcomes the confluence resistance level at $100, it could signal sidelined buyers to step in and potentially kickstart a breakout rally. The Pivot point at $119.84 will be the target for some of these buyers to potentially book profits. This move in Litecoin ( CRYPTOCAP:LTC ) price would constitute a 32% ascent from the current position. On the other hand, Litecoin’s bullish outlook could face invalidation if the pioneer crypto – Bitcoin triggers a steep correction. In such a case. Litecoin ( CRYPTOCAP:LTC ) price could revisit the $79.78 support floor.
BINANCE:LTCUSD.PLong
by DEXWireNews
Litecoin---Cup N Handle??? Road to $1000+ Hey guys! CryptoGao in here, Litecoin is one of the OGs from the Cryptomarket. This one had its Halving event last year and its about to do a pump. I made 2 vertical lines in my chart which signal the halving in the exact date it happened. You can see that after Litecoins second halving, price action went up parabolical. Another thing Ive noticed is that there is a cup n handle formation that has been forming for YEARS in this chart, Ive kept track of this for 3 years already. Litecoin most important resistance to break right now was $102. We are primed to go to $200 and much beyond.
COINBASE:LTCUSDLong
by CryptoGao1
LTCUSD: Strong Buy Signal Amidst Short-Term Bearish SentimentHello Everyone, LTCUSD remains a compelling buy, backed by a favorable trend across the 1-day to 1-year timeframes. However, it's worth noting that the predominant position is currently leaning towards short, suggesting an expectation for a decline in value. A critical level to watch is 104.347, which has served as a strong resistance point on the 1Y timeframe. If this level transitions into support in the near term, it could prompt further upside momentum. TradeWithTheTrend3344
COINBASE:LTCUSDLong
by TradeWithTheTrend3344
1
Litecoin Hints A Bullish Rally beyond $115Recent Rally: LTC shows a 15% increase in five days, signaling a strong recovery. Fibonacci Dominance: The price sustains above the 50% Fibonacci level, targeting over $100. Psychological Mark: Aiming for a breakthrough above $100, with sights on $113. Bitcoin's Influence: Bitcoin's performance above $70K positively impacts LTC's momentum. Anticipation Around Halving: Bitcoin halving expected to boost altcoins like LTC, with predictions stretching beyond $200. V-Shaped Recovery: LTC demonstrates a V-shaped reversal, indicating strong buying interest. Trading Volume Surge: A 106% rise in intraday trading volume underscores bullish sentiment. Technical Indicators: The RSI and MACD indicators signal a bullish trend reversal. Supply Zone Caution: Awareness of potential resistance and reversal around the $100 mark. Uptrend Potential: Optimistic outlook suggests LTC could hit $113 and possibly $130. Market-Wide Recovery: The overall bullish market trend supports LTC's upward trajectory.
COINBASE:LTCUSDLong
by Coinpedia-Market-Insight
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders! The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions. Litecoin Setup (Part. I) ====================== Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker