TQS LTC STRATEGYStrategy is made from the following indicators:
RTI
GATOR
SUPERTREND
MACD
AROON
CCI
DMI
STC
LTCBULLUSD trade ideas
Is LTC ready for a bullish reversal?LTC price action indicates a bullish revival at $60.
A potential rally could push LTC to $70.
Litecoin experienced a death cross, signaling a downtrend.
A drop below $60 could lead to a price of $50.
On August 17th, LTC broke the $70 support zone.
The price has a negative 11% year-to-date return in 2023.
Current LTC price is around $62.14.
The price is close to a crucial action zone at $62.
Technical indicators like MACD and RSI suggest a recovery.
Despite the recovery, the overall trend remains bearish.
A potential uptrend could push LTC to $70.
A continued downtrend might breach the $60 mark, testing the $50 support level.
Fast Rabbit or Smart TurtleOk, let's try to figure out what's going on.
First, I would like to start with my previous chart (published Jan 13, 2021) which I am constantly updating, tired of updating.
The bullish parabola worked, although not in the way I expected, summer suddenly popped up and ruined our plans to be rich. And the 5th Elliott wave turned out to be shorter than the 3rd, and did not even reach 400. After that, a bear market began, and we will talk about it.
So, I have doubts that the bear market is over, maybe it is, and we are in the accumulation phase, but here's what gives me peace of mind:
1) Bitcoin, did not finish the final candles.
2) LTC/USD just touched $40, flew off in a bullish channel (which looks like a bear flag twin), and trades at 2x its low.
3) LTC/BTC broke through the 4-year down channel and flew quite high, didn't even test it, and all that's holding it back now is candle shadow resistance and bitcoin uncertainty.
What's next?
1) The red channel is over, that's understandable
2) As a resistance, we have an ascending green channel, and the level of $78 (1 weekly close). I want you to understand that this is what is holding back growth in this piece.
3) Below the main green, we have a supporting green, and a yellow resistance channel (from the tops of 2021 where the 3rd and 5th Elliot waves ended). Below they are in contact, the price will not necessarily come there, but this is the place of a potential fall - IF IT WILL.
PS: I want to note that the upper part of the YELLOW channel can be a problem for us, a good resistance (about $100) if we break through $78 and the green channel. I am sure that there will be NO problems if we charge below before growth.
<--- I also have a theory, in favor of the bear, that this correction is quite difficult, and now it looks like a 4 bear wave, wave 5 will complete it somewhere between $40-25. (wxyxz) --->
Results: I don't know for sure where the market will go. I remember about the halving, but it doesn't hurt to throw out everyone who is holding a long in the end.
So let's buy it for $40... or $140.
Not long left waiting!
Litecoin remains negative.Litecoin - 24h expiry - We look to Sell at 62.16 (stop at 64.56)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
50 4hour EMA is at 62.31.
Our profit targets will be 56.16 and 54.16
Resistance: 61.16 / 62.50 / 63.93
Support: 58.91 / 56.59 / 55.00
Please be advised that the in formation 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 on life supportAnother #crypto on LIFE SUPPORT right now.
MASSIVE hidden bearish divergence unwinding.
#litecoin #ltcusd #btcusd #bitcoin #binance
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
WARNING!! Is about to do reversal... and it will go down bigBased on technical analysis, the price will move little higher into 100's..but will do a major BIG reversal that will test new low for this year.
If you are a long term investor for many years, then I am expecting you will be fine.
If you are a short term trader or investor, then expect a new low for this year to come after the reversal
BTW... If you are going to buy meat, take a quarter with you. If the quarter sticks to the meat like a magnet(Chicken, beef, pork, turkey, etc), then avoid that meat. You might get extremely sick and even possibly die. If you want to know more information, I suggest you go online and do your due diligence. I am just warning you because I care about your well being and your life.
Jesus saves. Do you know him? He came to give us life so we can live with God. Get to know him.
ltc danger.i think crypto as a whole still has atleast one more good dump yet, ltc is currently on main trend line and happens to be head and shoulders as well. if ltc can't hold the ~$50 horizontal support good entries will be $30-$40 range maybe even lower. i do expect to go lower short term but not guaranteed. be really good dca on ltc in this range though.
LTC/USDT Is It Time To Short? ___ DUMP?Hey traders👋
LTC coin is another one we see a great potential in bearish scenario to occur here. Keep both of your eyes opened and let's try to catch a good position here 👀
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Litecoin- Drop to 40 by year's end, if not even sooner?After the "halving" sell the news and the false break above 100 figure, Litecoin dropped like a stone and at this moment is trading back to important 60 zone support.
The structure is extremely bearish and considering the overall sentiment for the crypto market, I expect a break under this support.
I'm looking to sell above 70 if it even has the power to rise there with a target in last year's low at 40.
Litecoin to break higher?Litecoin - 24h expiry - We look to Buy a break of 64.61 (stop at 62.21)
We are trading at oversold extremes.
The bias is to break to the upside.
Bullish divergence is expected to support prices.
A break of the recent high at 64.51 should result in a further move higher.
Expect trading to remain mixed and volatile.
Our profit targets will be 70.61 and 72.61
Resistance: 64.50 / 66.00 / 67.50
Support: 63.00 / 61.50 / 60.00
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: Distribution Back to Range SupportLTC has broken out of the rising wedge due to supply predominance bringing the PA back down to range resistance where demand is still low. This hints at a possible retest of range support when often times the selling climax (SCLX) point is mitigated before any reattempts at taking range resistance again. It is also possible to see some consolidation here. My overall bias is bearish, not only for LTC, but also the crypto markets in general. The target zone can be used to either short or DCA, depending on your objective.
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I've been a full-time cryptocurrency swing trader and investor since 2017. My technical analysis is based on a combination of Wyckoff, VSA, EWT & Fibonacci ratios. I never shill and only chart crypto assets I invest my own money in. My success over the years has allowed me to do this full-time. You are welcome to piggy-back my strategies at your own risk.
**Not a financial advisor. Always DYOR and trade at your own risk.
LTCUSD 10 ema swingtradeWe have a bear candle closing above the 10 ema. Plus, this is NICE and low. We can move from here, but if we don't go higher, we do not get triggered in.
Avoiding a Crash to $50, Will LTC Price Touch $80?LTC price shows bullish signs, bouncing back at $60 and retesting the $70 mark.
A recent death cross indicates Litecoin is officially in a downtrend.
A potential drop below $60 could lead to a significant 18% decline to $50.
Grayscale's legal victory sparks hope, leading to a market-wide recovery.
Despite a challenging year with a 4.85% YTD loss, Litecoin has seen a 12% reversal in the past two weeks.
The 50 and 200-day EMAs are emerging as new resistance points for LTC.
Technical indicators, including MACD and RSI, suggest a recovery is underway.
Market anticipation is high regarding the SEC's decision on Bitcoin ETF approval.
A positive SEC decision could propel LTC above $70, targeting close to $80.
Litecoin remains in the corrective channel.Litecoin - Intraday - We look to Sell at 66.84 (stop at 69.34)
Trading within a Corrective Channel formation.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
Trend line resistance is located at 67.00.
Prices expected to stall near trend line resistance.
Our profit targets will be 60.84 and 58.84
Resistance: 65.40 / 66.90 / 68.00
Support: 63.50 / 61.90 / 60.00
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
LTC 1W Bearish AnalysisA bearish analysis for your consumption. Time spent on creation was 2 hours. Will cryptocurrency/precious metals see a decrease into 2026-2027 followed by another bull market? This would consolidate and eliminate a lot of other alternate cryptocurrencies. Such is life.
Litecoin (LTC) is a peer-to-peer cryptocurrency that was set up by Charlie Lee (a former Google employee) in 2011. It shares many similarities with bitcoin and is based on bitcoin's original source code. Litecoin was designed to be used for cheaper transactions, and to be more efficient for everyday use.
LTCUSD $80 INCOMING!!!!!Litecoin just broke the support zone and pushed down and now heading to retest before deciding on the next move am going to be taking such an opportunity to buy ltcusd short term and target $80 then am out am using stoploss as 64.00
JOIN AND ENJOY
Selling Litecoin in a corrective channel.Litecoin - 24h expiry - We look to Sell at 66.46 (stop at 68.96)
Trading within a Corrective Channel formation.
Price action remained contained in a narrow range yesterday.
Trend line resistance is located at 66.50.
Prices expected to stall near trend line resistance.
We look for a temporary move higher.
Our profit targets will be 60.46 and 58.46
Resistance: 64.40 / 66.87 / 68.00
Support: 63.22 / 61.90 / 60.00
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
LTCEUR and LTCUSD buy This Litecoin (LTC) Signal Has Not Been Seen Since March 2020 – What Does It Mean?
Aug 23, 202310:30 GMT+1
The Litecoin (LTC) price has decreased since reaching a new yearly high in July. The decrease validated the $100 horizontal area as resistance.
Litecoin is now trading close to an ascending support line that has been in place since July 2022. Whether it breaks down or bounces can determine the future trend.
Litecoin Price Returns to Long-Term Support
The analysis of the weekly timeframe indicates an undetermined outlook due to both the observed price movement and the indicator readings.
The price action appears bearish as Litecoin (LTC) could not maintain its breakout from July. Although the price briefly exceeded $100 (red), it soon retreated below this level.
This established the $100 mark as a resistance point and set off a continuing downward trajectory. This decline following a failed breakout often leads to significant downward moves.
Crypto investing, simplified. Get LTC price predictions here.
LTC’s price is currently hovering around an upward support line that has been in place for 434 days. Given the lengthy existence of this trendline, whether Litecoin rebounds or breaches, it could dictate its future trend.
The price fell below the line last week but created a long lower wick (green icon), bouncing and reclaiming the line in the process. The lower wick is considered a sign of buying pressure.
Should the trendline break, there’s a potential for a 25% drop to the $50 support level. Alternatively, a rebound could trigger a 50% increase toward the $100 resistance.
Litecoin (LTC) Price Deviation
Beincrypto
LTC/USDT Weekly Chart. Source: Trading View
The weekly Relative Strength Index (RSI) proves the ongoing downtrend. Traders use the RSI to evaluate momentum and decide if an asset is overbought or oversold. An RSI above 50 during an uptrend often suggests bullish sentiment, while a value below 50 indicates the opposite.
Recently, the RSI dropped below 50 after displaying a bearish divergence (green line) during the previous deviation. This divergence occurs when a decrease in momentum accompanies a price increase, further emphasizing the potential for a bearish trend.
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LTC Price Prediction: Will the Decrease Continue?
On August 2, Litecoin underwent its third halving, reducing LTC block rewards from 15 to 6.25. This adjustment heightened the rarity of the asset.
However, despite the deflationary impact of the halving, the price of LTC actually decreased in the week following this occurrence. This could potentially be attributed to miners initiating a sell-off.
The daily timeframe also provides a mostly bearish outlook. The ongoing decrease caused a breakdown from the $70 horizontal support area. Previously, the area had provided support since the beginning of the year.
Therefore, the breakdown from it could cause the aforementioned decrease to $50.
However, despite the bearish price action, the RSI increases the price significantly. The RSI is currently at 23. While this is below 50, the value is extremely oversold (green circle).
In fact, the RSI has not been this low since the March 2020 crash. So, it is possible that a local low is close or has already been reached. However, the price has to reclaim the $69 horizontal area for the trend to be considered bullish.
According to LTC this month is current cycles' COVID CrashAs you can see from the peak of the previous cycle until the COVID crash and final flush-out was 27 months. Also notice the previous months of the crash was a failed retest of the logarithmic downtrend line. It took 6 months to retest the line again and 8 months total to break it. This would put the current cycle retesting the trendline in February 24' and then breaking it in April 24'.
History doesn't repeat but it rhymes.
