LTCBULLUSD trade ideas
Still looks good!The other day I posted a chart with a possible inverse head and shoulders formation in the making. My analysis this morning confirms we are still on track! I have listed 2 shorts term price targets with an expected time frame of early to mid-February. Please remember this is just IMO and not financial advice by any means. Have a blessed day.
How to use Anchored VWAP There's considerable confusion about the practical use of anchored VWAPs. Personally, I leverage them as genuine resistance/support lines due to their integration of volume.
Consider the 2021 LTC top around 397 USD, often perceived as the resistance line prompting many to exit. However, in my Anchored VWAP trading approach, the true resistance stands at 136 USD. A sustained break and successful retest of this updated line indicate potential for prices surpassing the 2021 highs.
Likewise, the 2022 bottom at 43 USD served as support or resistance in various periods, now residing near 75 USD. From my perspective, the current LTC price seems below the prior 2022 lows, suggesting bearish control. I recommend NOT A BUY until we securely close above this price resistance.
Follow for more!
litecoin (LTC)Litecoin (LTC) demonstrates aggressive accumulation. Throughout the year, major players have been buying and continue to accumulate this coin. After the Litecoin halving, we witnessed a logical correction where it paused above a key level, demonstrating a precision similar to that of 2020
LTCUSD 548% profit projectionThis analysis for swinger who look at a good coin to hold for long period,
LTC already reach major support level, we can enter this coin to aim 548% profit projection after halving at $342.78
Rightnow support at $60.
If you are trade futures, make sure your margin level below $34
good luck
LTC Price Analysis: Bullish Surge Targets $100 MilestoneCurrent Rally: LTC exhibits a robust recovery, surpassing the 23.60% Fibonacci level.
Recent Growth: Litecoin experiences a 13% increase, reclaiming the $70 level.
Next Goal: Aiming to breach the $80 mark, potentially catapulting LTC towards $100.
Market Influence: Positive market trends and Bitcoin's potential rise above $50K boost Litecoin's prospects.
Technical Patterns: Rounding reversal and consistent bullish candles signal continued upward movement.
Trading Volume: A notable surge in trading activity bolsters LTC's price trajectory.
Price Trajectory: Litecoin trades at $72.96, showing a promising 1.54% intraday growth.
Key Resistance: The $80 level emerges as a significant hurdle, marking a decisive point for further gains.
Technical Indicators:
RSI: Indicates a strong momentum shift, surpassing key averages.
MACD: Positive crossover underlines growing bullish sentiment.
Market Recovery: Aligns with Litecoin's upward trend, suggesting a sustained rally.
Upside Potential: If LTC breaks past $80, a swift move to $100 is likely.
Bearish Scenario: A reversal could trigger a retest of the $70 support zone.
LTEUSD is moving within the 76 - 79.4 rangeLTEUSD is moving within the 76 - 79.4 range
General outlook
LETUSD has been trading in a bearish trend within the last day. The resistance level is now located at 79.46
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a Take Profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The Support level is now located at 59.84 and 57.76
Here is a inverse Litcoin ChartGood day Traders,
Firstly let me wish all of you a happy new years and may this year brings everyone good health and strength. Here you see a inverse LTC chart that shows a cup and handle with a breakout of (-160% Co this indicate that something is going to crash LTC like LUNC,LUNA and FTT. We will see how it unfold but i think we will bounce of the support at 20-36.
If Litecoin Is An Indicator Of Whats To Come Then BTC to $20kLitecoin usually front runs Bitcoin in history. In the last bottom for Bitcoin back in 2018 you can see Litecoins bottom till when it started to move up again only lasted 82 days and was much shorter than bitcoins bottom which lasted 136 till Bitcoin started to go back up. Thats 60 days Litecoin front ran the next move in Bitcoin. Now look at this current bottom, Litecoin capitulated and bottomed in June 11, 2022. By then we thought Bitcoins bottom was in and it wasnt. Bitcoin capitulated and bottomed November 11, 2022, that 5 months after Litecoin did. Then while Bitcoin consolidated around the 15k mark for 2 months Litecoin started going up and by the time Bitcoin ended its consolidation at the 15k level and started going up, Litecoin was already up 125%. Bitcoin ended its most recent correction after 56 days back in October. Litecoin is still in the correction/consolidation phase now and its been 136 days. Its just taking longer just like Bitcoin took longer than Litecoin the last bull run. Litecoin is very close to a massive move up. If we were to assume it takes as long as Bitcoin took in the previous example then 5 months after would be in 14 days. Litecoin could be bearish for 2 more weeks in that scenario, but the Litecoin parabolic bull run is coming there is no question in my mind about that. Both of these cryptos are sitting on major multi year resistance. Nothing catastrophic has happened. This is just a range we are trading in. Also there is a possibility Litecoin is front running and Bitcoin slams back down to 20k again to touch its trendline like Litecoin just did. I dont know if this is what will happen or if Litecoin is just taking longer in consolidation like bitcoin took longer by 5 months the last time.
Not financial advice.