LTCUSD.P trade ideas
LTCUSD Will Go Up! Long!
Please, check our technical outlook for LTCUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 64.86.
Taking into consideration the structure & trend analysis, I believe that the market will reach 71.34 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour.
All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal.
Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles.
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LTC/USD Faces Bearish Pressure After New One-Year LowHello,
LTC/USD recently hit a new one-year low at 50.085 and has since experienced sideways movement. All indicators suggest a bearish continuation unless we can maintain a stable position above the one-month pivot point.
TradeWithTheTrend3344
Litecoin — ATH scenarios for 2024 and 2025Often referred to as "the silver to Bitcoin's gold," COINBASE:LTCUSD is the 2nd-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, and engineered for fast, secure and low-cost payments.
The next LTC halving is expected to happen on August 2023.
A CLEAR change of direction on litecoin, to clear the liquidity A clear of change of character spotted in 4hr timeframe, using the premium fibb tool area, to measure if it has picked up the premium buy in area, then looking out for change of character in 1hr, and redefine the area of interest.
LTCUSD View!!Japanese investment firm Metaplanet declared Monday that it to its portfolio for 1 billion yen ($6.7m).
This acquisition raises the firm’s total Bitcoin holdings to 639.5, valued at 5.96 billion yen, or about $40m.
*Metaplanet purchases additional 108.78 * — Metaplanet Inc. (@Metaplanet_JP) Bitcoin-Focused Treasury Strategy Mirrors MicroStrategy’s Approach
Metaplanet has for a while been aggressively pursuing a Bitcoin acquisition strategy. This move marks a shift in how it manages its corporate treasury. Metaplanet, also known as “Asia’s MicroStrategy,” appears to follow the bold Bitcoin investment approach championed by Michael Saylor.
The final minutes of overtime - LTC - POWPoW vs PoS / proof of scam
we see value in hard work
the good
in good we trust
work for the future and work will set you free
Litecoin (LTC), imminent collapse to $30?And possibly below $10 after that?
Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time:
1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more value.
2) XLM -90%
3) HBAR -95%
4) ADA -95%
5) NEO -95%
6) ETH -75% (massively bearish still!)
7) SOL -96%
It is everywhere you look, 95% corrections are all over.
Currently Litecoin is at an 85% correction. 95% takes price action to $15. Inflation adjusted, less than $10.
The technical analysis also supports the outlook. On the above 10 day chart:
a) A significant trend-line support has broken (orange line). Over the last 10 years Litecoin has enjoyed a continuous uptrend. The support has now failed AND confirmed. Yes price action could rally to $130-140, the bulls would get excited. Regardless, breaking this confirmed resistance will not be easy.
b) The 2nd bear flag breakout. It has confirmed. A 70% correction from the exit point measures to $28.
c) If support at $28 does not confirm, the next support is just under $10, the full 95% correction like everything else.
Is it possible price action continues sideways? Sure.
Is it probable? No.
Ww
LTCUSD Bearish GartleyOn the daily chart, LTCUSD formed a bearish Gartley pattern. At present, we can pay attention to the resistance near 71.5. If it rebounds and does not break, we can consider continuing to short. The downside target is around 62.0. After breaking it, the support below is around 59.0.
Head Winds at 74Nascent break above the AVWAP. I see head winds at 74 with a support area turned to resistance.
Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
LTCUSD view!!Popular Solana meme coin DogWifHat ( CRYPTOCAP:WIF ) is the best performing among the big five doge-themed meme coins this week with a blistering 18% advance on its price this time last Friday.
The $1.8 billion market cap token, which is currently the fourth largest meme coin in the world, added 3.4% in the last 24 hours and now changes hands at around $1.80.
By contrast, sector leader and original meme coin Dogecoin ( CRYPTOCAP:DOGE )—by far the largest meme coin with a market cap of $15.4 billion—only added 0.3% to its price both in the last 24 hours and in the last seen days. DogWifHat ( CRYPTOCAP:WIF ) Price Analysis
ltcusdsimple market idea, i still see this market goin down ,until the u.s election then we might see a bullish move.
Which way will it go?LTC has been forming under the skin for a while now. I give it less than a week before it reaches its apex then POP!
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg HaShort term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower unfolded as another double three in lesser degree. Down from wave X, wave ((w)) ended at 18825.75 and wave ((x)) ended at 19150.50. Wave ((y)) lower ended at 18338.45 which completed wave Y of (2) in higher degree.
The Index has turned higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave ((i)) ended at 18927.5 and pullback in wave ((ii)) ended at 18547. Wave ((iii)) higher ended at 19813.50 and pullback in wave ((iv)) ended at 19529. Near term, expect Index to extend higher to end wave ((v)) and this should complete wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.7.2024 low in 3, 7, 11 swing before it resumes higher.
Litecoin Short: Breakdown of H&SFirstly, beware of volatility from upcoming FOMC.
From my analysis using 15 mins timeframe, I can see a clear head and shoulders setup that has broken through. Using a standard measuring rule of 1-to-1 distance (distance from head to trendline), I project that the take profit target will be around $59.75.
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
12M:
2W:
1H:
Feel free to share your thoughts and ideas in the comments below!
PRICE AT MEDIUM TERM TRENDLINE (LONG WITH MINIMUM RISK)Price has made multiple touches on the rising trendline.
At current level long entries will have minimum risk reasonably placed below the breakpoint.
Trade safe, good luck
LTCUSD View!!Danny Ryan, a prominent researcher at the Ethereum Foundation, has announced his resignation after seven years of work within the Ethereum ecosystem.
Ryan played a pivotal role in Ethereum’s transition to a proof-of-stake consensus system, most notably during “The Merge,” which marked the blockchain’s shift away from proof-of-work.
Ryan cited personal reasons for his departure, emphasizing that his decision is not a critique of Ethereum or the broader cryptocurrency space.Ryan to Search for New Opportunities
LTC could be telling Market StrngthLTC is sitting in a place that looks ripe for reversal. This could be a signal for the greater market as LTC tends to front run the market at times. Keep an eye on this old timer original alternative coin.
Litecoin #LTCUSDT Price PredictionWhat I'm watching on LTC price actions give me a HIGH PROBABILITY scenario for liquidating price another leg down to the previous ranges and unmitigated imbalanced price. What do you think?
Not a Financial Advice, Just for having fun !!
