LITECOIN trade ideas
lite coin shortBINANCE:LTCUSD.P reached one of the most important area and we expect reject from this line, lets take it.
LTC/USDElliott wave playing nicely. Halving is coming soon by 2024. I expect the price to go to step 5 in elliott wave before creating a divergence and shortening. As always, feedbacks appreciated.
Litecoin to find buyers at market?Litecoin - 24h expiry - We look to Buy at 94.24 (stop at 90.74)
The sequence for trading is higher highs and lows.
Trend line support is located at 94.20.
We look to buy dips.
94.14 has been pivotal.
Bespoke support is located at 94.14.
Our profit targets will be 103.24 and 105.24
Resistance: 98.00 / 100.50 / 104.00
Support: 95.50 / 94.14 / 91.50
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LTCUSDGuess at the ltc price action into this coming trendline
looks like it could be setting up for a small ihs 3bottom type structure before rejoining uptrend ahead of the halving event
slight break in obv
✴️ Litecoin Continuation | Quick UpdateSame chart, no change. We can see Litecoin still respecting the rising trendline and producing a bounce on it as well as right above EMA50.
This is good but still early.
Yesterday's session ended as a bullish candlestick, this can be determined by the green close and the long lower wick.
There is plenty of room for additional correction and consolidation while maintaining the bullish bias.
If a bullish resumption starts today, the whole correction would have lasted between 7 and 9 days.
Short-term looks good but uncertain.
The bigger picture definitely is 100% up.
Namaste.
Litecoin to break the trend of higher lows?Litecoin - 24h expiry - We look to Sell a break of 90.68 (stop at 93.88)
Trend line support is located at 93.00.
Prices expected to stall near trend line support.
A break of the recent low at 90.85 should result in a further move lower.
The medium term bias is neutral.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 82.68 and 80.38
Resistance: 94.07 / 95.50 / 98.00
Support: 93.00 / 91.50 / 89.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Will LTCUSD rebound from the trendlines?Looking at our daily chart of LTCUSD, we can see that from the beginning of July, the crypto continues to correct lower. The rate is now near the crossroads of two short-term trendlines, a downside one taken from the high of April 18th and an upside one drawn from the low of June 14th. If LTCUSD remains above both of those trendlines, there is a good chance the bulls could stay interested, at least in the near-term.
If the crypto rebounds from those trendlines and climbs back above the 98.61 hurdle, this may invite more buyers into the game. LTCUSD might then travel back to the 103.41 obstacle, or to the 105.68 level, marked by the highest point of February.
On the other hand, a break below both of the trendlines and a drop below the 91.44 hurdle, marked by the high of June 7th, could spook the bulls from the field temporarily. LTCUSD may then travel to the 81.76 area, which is the low of June 28th.
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LitecoinMany traders are bullish on LTC due to the halving. It reminds me a bit of the situation when he was at 100USD and it was just before the crash.
I'm not saying it will happen again here, but the risk in this area will be high.
I like LTC, I would easily put it 1st of all coins.
LTC reliably serves exactly the purpose for which it was created.
I just keep getting the feeling that the whales still haven't reached their destination.
I expected the LTC to start the descent earlier, but maybe this is the target destination for the whales where they are just doing the distribution for +100% profit and then start the migration to the plankton rich area.
I have no idea if it will happen, but if you choose a part of the profit at this point or set a stop loss appropriately and do not enter leveraged long positions here, I think it will be reasonable.
LTCUSDA strong historical resistance level has been broken. The upward trend is well formed. The price has bounced nicely towards the pullback point, I am waiting for signs and patterns to be observed.
ltc halving LTC have been repeating his history and if it doesnt fail the best days on average to buy it's on may and dump in july... before halving on August. so let's see. !
Litecoin Long Term Bullish (Inverted Chart)
Fundamentals: This trade idea concerns everyone's favorite altcoin, Litecoin. While Litecoin's historical halving cycles offer valuable insights, it is crucial to consider the evolving market dynamics and potential deviations from the expected patterns. The increasing usage of Litecoin for transactions, as demonstrated by its surpassing of Bitcoin on Bitpay, highlights its growing relevance and utility. Additionally, Litecoin's classification as a commodity by the CFTC and the launch of EDX exchange backed by major tradfi institutions strengthen its position within the financial ecosystem. By critically analyzing these factors, investors and market participants can gain a more comprehensive understanding of Litecoin's market outlook and make informed decisions based on the current context.
#Litcoin wick filling strategy/ two month review BfsTrade started working new strategy analysis and trade Strategy, we maked two month review on some coins which is best working our strategy
LTC H4 ChartHi
LTC made more corrections for its wave 2 Minor and it seems
that this wave 2 is making WXY correction.
My recommendation is wait to see completed pattern and
also consider thus Red Dynamic Resistance as a trigger.
Thanks
Bye
POTENTIAL BUY ON LTCUSDAfter a clear liq sweep and break of recent highs I think we can see higher prices with small risk.
LTC - 2023 Halving playThe first LTC bottom took place 224 days before it's first halving, and it pumped ~800%. It topped out around 40 days before the halving, and subsequently dropped around ~75% in the months that followed.
The second bottom took place 245 days before it's second halving and it pumped ~600%. Once again, it topped out around 40 days before the halving, and subsequently dropped around 85% in the months that followed.
If this pattern plays out a third time, I predict the following:
1. LTC will reach it's bottom around ~235 days before it's next halving, some time in late December of 2022 and early January of 2023.
2. It will bottom out between $25 - $30.
3. It will top out between $110 - $130 in early July of 2023.
4. It will subsequently drop back down to low $30s in the months that follow.
LTC/USD: Buyers in Control Following Recent YTD Pinnacle?Daily Timeframe -
Technically, LTC/USD has gradually trended higher since bottoming in mid-June at $40.32 (2022). At the beginning of last week, we also saw the unit refresh YTD highs at $114.98, though we did spend the remainder of the week giving up ground.
Friday ended with testing support from $95.13, which, as you can see, attracted moderate dip buying. Failure to defend this level opens the possibility of testing demand at $84.65-$87.40, an area that currently shares chart space with the 50-day and 200-day simple moving averages at $89.38 and $87.83, respectively. We also observed the 50-day SMA rebound from the 200-day SMA in late June (many were calling for the possibility of a Death Cross at this point ). However, validating this signal would be difficult, given that the pair has been somewhat directionless since mid-February, formed by way of a symmetrical triangle (sometimes referred to as a coil or isosceles triangle), which, incidentally, welcomed a breakout to the upside at the end of June. But, because of last week’s correction, we are now back within the space of the symmetrical triangle. It is important to consider that the breakout higher may have simply been a whipsaw/fakeout (common with symmetrical triangles).
Ultimately, given the uptrend in play, and because of the recent YTD high and breakout above a reasonably long-term symmetrical triangle, as well as support offering a floor from $95.13, buyers could emerge from current price this week. The caveat to this, of course, is that the demand seen at $84.65-$87.40 offers more of a technically confluent area, with both the 50-day and 200-day SMAs nearby (possible support) and, thus, could haul price action lower towards this region before buyers step in.
LTCUSD - CHoCH (Change Of CharacterDefinition. The Change of character in trading represents the trend reversal in the market after a break of Highs/Lows. It is also known as CHoCh in trading. COINBASE:LTCUSD
LITCOIN IS IN A MAJOR HISTORICAL TR
Litecoin technical analysis
One of the noisy currencies of the past days is Litecoin, which grew by nearly 70% in less than 1 month. Litecoin is fluctuating between the price range of $65 and $100 in the daily time frame. Considering the few days left until the halving for this coin, if the ceiling of the trading range is broken, we expect to move up to the resistance area of $130 and $162.
Otherwise, in the short term, Litecoin can move towards the support area of the floor of the trading range, i.e. 65 to 70 dollars. Considering that the trading range shows the indecision of traders, you should wait for the right opportunities to enter the trade in the case of a break. be the roof or floor of the channel.
Major supports: $70 and $65
Major resistances: $100 and $115
NFA.
Buying Litecoin at trend of higher lows.Litecoin - 24h expiry - We look to Buy at 90.51 (stop at 86.51)
Trend line support is located at 90.40.
We look to buy dips.
Short term bias is bearish.
Prices expected to stall near trend line support.
Daily signals are bullish.
Our profit targets will be 100.51 and 102.51
Resistance: 98.00 / 100.00 / 103.50
Support: 94.14 / 91.50 / 90.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
✴️ Litecoin | A Closer Look At The Current CorrectionFour days Litecoin printed really strong bearish candles.
The green candle 30-June was even stronger.
Strong up, strong down.
Today we are seeing the first green candle after this retrace started.
Can Litecoin resume growing now or will it continue lower?
Let's see what the chart has to say.
I looked at the volume using other pairs.
While the volume 30-June is huge, the retrace volume is just average; One point in favor of the bulls.
All the indicators continue bullish and the bounce is happening exactly at EMA21 (a retest) and 0.382 Fib. retracement.
Seeing that similar action took place late June, it is possible to see Litecoin moving forward from this point.
It is still hard to say with certainty though because this is short-term.
What is easy to say with certainty is that we will get a higher high next... The retrace can become extended but the bulls are not done yet.
Regardless of the very short-term, we go up.
Namaste.
H1 Elliot Wave & IHSOn the H1 we can see the last arch / scallop details and add the EW points for this push & consolidation.
We are bouncing from the upper TL of the triangle for support, which coincides now with the 21D EMA (red). On the right, we have an IHS in the bottom pattern with tgt of around 99-100.
A new set of dashed ORG TL's have been added to track the descending part of this pattern.
