LTC/USDThe CRYPTOCAP:LTC halving is approximately around August 2nd this year, you can see how the previous 2 halvings how the market has reacted towards the #Litecoin halvings, what is your opinion on how the market will react this year?
LITECOIN trade ideas
LTCUSD (4H) - Hi Traders
LTCUSD (4H Timeframe)
Waiting for the downward break of 89.21 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 93.50 would cancel the bearish scenario.
Trade details
Entry: 89.21
Stop loss: 93.50
Take profit 1: 86.56
Take profit 2: 82.27
Score: 7
Strategy: Bearish reversal
Long-term mega trade on LTCLong-term mega trade on LTC with an amazing ratio of nearly 8️⃣! Entered at the breakout of the contradicting structure. Let's ride this wave! #Litecoin #CryptoTrading 💪📈
Litecoin: a correction back to its 200-day?A price action below 92 supports a bearish trend direction.
Increase short exposure for a confirmed break below 90.
The target price is set at 80 (just below its 200-day simple moving average).
The stop-loss is set at 100 (its 200-week simple moving average).
Negate the idea for a break above 94 (recent tops).
Remains a risky trade.
Litecoin 4th waive triangle. My analisis shows me the possibility of a bearish local downtrend, to take part of the luiquidity and the posterior final 5th impulsive wave to compleate the global downtrend bounce
LTCUSD shortPrice action suggest we are running out of bullish momentum, looking to take this down to 86. Market entry
LTC's future road will be smootherA necklace of indicators shows that LTC, the 12th largest cryptocurrency by market valuation, is trading at a discount.
Specifically, LTC has a negative fair value market value (MVRV) Z-score as of press time. According to analyst firm Glassnode, a score below zero indicates that the cryptocurrency is undervalued relative to its fair value.
Capitalization is calculated by multiplying the total number of tokens in circulation by the prevailing market rate of LTC. Fair value is a change in market value that increases the market value of a coin when it was last moved on the blockchain. This value excludes all tokens lost in circulation (over 15%) and is considered to reflect the net or fair value of the network.
The Z-score represents the difference between the market value and the fair value. Historically, a Z-score above 8 indicates overvaluation and bullish tops, while a negative value indicates undervaluation and market bottoms.
This is not the first time. In the past, the indicator has repeatedly consolidated below zero, eventually paving the way for a massive rally.
If the trend is flat, the path of least resistance seems to be on the higher side. That said, LTC and the cryptocurrency market in general remain vulnerable to adverse macroeconomic developments such as tightening liquidity and the state of the global economy.
At press time, LTC was trading at $91.19, up nearly 31% year-over-year. Earlier this week, the price touched a one-month high of $95.
LiteCoin is planning a third mining reward halving in early August, after which the per-block reward paid to miners will be reduced by 50 percent from 12.5 coins to 6.25.
LTCUSDT Perpetual Futures - 0.995 Sharpe RatioHow about an LTC USDT - strategy with a 0.995 Sharpe Ratio over about 7 months.
10X leverage, auto Take profit, order sizing and risk management, stop loss. 0.04 trading fees.
LTCUSD - Horizontals Horizontal supports and resistance
Perhaps the upper horizontal is now a support line for price
Thought it was interesting how it all came together within these two tight horizontals
LTC's future road will be smootherA necklace of indicators shows that LTC, the 12th largest cryptocurrency by market valuation, is trading at a discount.
Specifically, LTC has a negative fair value market value (MVRV) Z-score as of press time. According to analyst firm Glassnode, a score below zero indicates that the cryptocurrency is undervalued relative to its fair value.
Capitalization is calculated by multiplying the total number of tokens in circulation by the prevailing market rate of LTC. Fair value is a change in market value that increases the market value of a coin when it was last moved on the blockchain. This value excludes all tokens lost in circulation (over 15%) and is considered to reflect the net or fair value of the network.
The Z-score represents the difference between the market value and the fair value. Historically, a Z-score above 8 indicates overvaluation and bullish tops, while a negative value indicates undervaluation and market bottoms.
This is not the first time. In the past, the indicator has repeatedly consolidated below zero, eventually paving the way for a massive rally.
If the trend is flat, the path of least resistance seems to be on the higher side. That said, LTC and the cryptocurrency market in general remain vulnerable to adverse macroeconomic developments such as tightening liquidity and the state of the global economy.
At press time, LTC was trading at $91.19, up nearly 31% year-over-year. Earlier this week, the price touched a one-month high of $95.
LiteCoin is planning a third mining reward halving in early August, after which the per-block reward paid to miners will be reduced by 50 percent from 12.5 coins to 6.25.
Two Possible Scenarios for LTCHi everyone! While the market is not stable and is in uncertainty, it is not advisable to trade. But let's consider one idea for LTC. The asset is moving within a large triangle, the price is responding well to its trend lines, as well as Fibonacci levels.
What can we expect?
The first option is a breakout of the descending boundary of the triangle and a touch of the Fibonacci level of 0.618. If the sentiment in the market is bullish by this time, we can expect the continuation of growth.
The second option is a breakout of the ascending line of the triangle and a drop in price to the nearest strong Fibonacci level of 0.236.
This is not a trading recommendation, everything you do, you do at your own risk.
LTC to $550 and a long shot at $1200 LTC can hit $550 zone in the next bull market cycle and even has a shot at $1200 but this second target is ALOT less likely.
(note - as we havent really confirmed a bull market yet this is unlikely to happen during the halving run up)
I've analyzed ETHEREUMS breakout to come up with this price action pathway for LTC.
This is of course the bulilsh outlook should we indeed confirm we're in a bull market now.
If there are some new events that make LTCs fundamentals much stronger like ETHEREUMS than ill definitely consider the $1200 target being plausible.
For now, next bull market tartget should reach at least $550 imo
Analyzing Litecoin (LTCUSD) Impulsive Surge with Elliott WaveShort term Elliott Wave View in Litecoin (LTCUSD) suggests the rally from 3.11.2023 low takes the form of an impulsive Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 75.37. The crypto-currency has now rallied higher in wave 3. Up from wave 2, wave (i) ended at 82.07 and pullback in wave (ii) ended at 77.17. Internal subdivision of wave (ii) unfolded as a zigzag where wave a ended at 77.33, wave b ended at 81.95, and wave c lower ended at 77.17. This completed wave (ii) in higher degree. Up from there, wave i ended at 81 and pullback in wave ii ended at 79.64.
Wave iii higher ended at 93.59 and pullback in wave iv ended at 90.34. Final leg higher wave v ended at 94.98 which completed wave (iii). Expect Litecoin to pullback in wave (iv) before turning higher again in wave (v). This would complete wave ((i)), and the crypto currency should then pullback in wave ((ii)) to correct cycle from 5.8.2023 low before the rally resumes again. Near term, as far as pivot at 75.37 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
LTC is showing growth.Hello everyone! I've noticed that in the past few days, LTC has been showing growth consistently. I will conduct a brief analysis to understand the reasons behind this and what we can expect in the future. I believe most of you are aware that we have a halving event coming up, specifically in 72 days. I have explained what halving means in my previous posts. Additionally, we have a very positive news background. The launch of the LTC-20 network is also imminent, which could further push the price upwards. The coin is also being traded within an ascending channel globally, providing opportunities to buy at the lower boundary for profit-taking at the upper boundary. So, let's keep an eye on LTC.
Litecoin Pre-Halving Pump TimeLTC has started the week strong, bouncing from the weekly support and pounding through resistance with no issue. I think this is a sign that we are really beginning to see Support pre-halving. If we’re able to flip the daily support around 85 during retracement we should complete a 5th wave up which makes me bullish for Litecoin to head to my upper OB.
Targets between 124-130 conservatively. I Will re-analyze as we near. However LTC historically tops out about 46-44 days before the halving so with this in mind the conservative target are most achieveable
LTCUSD 4Hr4Hr chart for LTCUSD showing a W pattern
Price is currently rising and I believe it will continue as this double bottom completes itself
LTC ShortI personally think we restest lows at ~78-80 on LTC before the end of this week. Feels like a dead-cat bounce and once we close below yearly VWAP it should confirm the full retrace to range lows.
STRONG impulsive sub-millennium degree BULLISH WAVE 3 UNDERWAY!!LITECOIN just began a STRONG IMPULSIVE WAVE 3 of sub-millennium degree from 75.37 which is going to be subdivided into WAVES I, II, III, IV, V of grand-super-cycle degree. Currently LITECOIN is on a WAVE (III) of I, with a projected TARGET AREA 99.34-99.71 for WAVE I of 3. Please check your chart and let me know if you agree.
LTC beat BTC by 12%As predicted a few days ago, LTC is getting loaded up since BTC fees have been going up.
LTC/USD Diamond on the 4HR & A13 There is an A13 or aggressive 13 for my "TD Sequential" folks out there on the 4hr and 3hr on LTC/USD and I have detected what seems to be a diamond about to implode and these are the length of the leg options.
DestinyIn the future, I see Litecoin in the range of $5 according to the chart (full candlestick data) and I hope you respect the technical
LTCUSD short 30MINLooks to be in a downward channel. The action is near a top but volume is falling to a higher seller interest.
LTC price simulationI use 2 different processes for simulation ,all parameters are based on historical price , keep in mind this is based on the assumption nothing will change..
and here is the result :
tart Ito processs
path 1 ,mean price 19.617421942750035
path 2 ,mean price 5.34105140554692
path 3 ,mean price 28.156416323459872
path 4 ,mean price 7.123895965240329
path 5 ,mean price 13.284381018260042
path 6 ,mean price 18.014942943624742
path 7 ,mean price 54.93321195173955
path 8 ,mean price 132.55081408648073
path 9 ,mean price 19.80880900198989
path 10 ,mean price 36.957616973501715
mean price in 5 years: 33.578856161259374
median price in 5 years: 7.875980990836307
max price in 5 years: 711.1844830750892
min price in 5 years : 0.009369988449513766
Wiener processs
path 1 ,mean price 52.12703021045326
path 2 ,mean price 73.65846751835605
path 3 ,mean price 76.57150912846586
path 4 ,mean price 19.85259680536485
path 5 ,mean price 28.04585572803826
path 6 ,mean price 1525.76864311524
path 7 ,mean price 135.92302469007367
path 8 ,mean price 89.817123077514
path 9 ,mean price 76.17398160858912
path 10 ,mean price 18.547608264680203
mean price in 5 years: 209.6485840146775
median price in 5 years: 52.08854151139097
max price in 5 years: 7659.576486165567
min price in 5 years: 0.8527951997121831
