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LTCUSD.P trade ideas

Litecoin LTC Dominance Broke DowntrendSomething no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever expect. Many people forgot about Litecoin, but its used more than 99% of the other cryptocurrencies out there for daily transactions. It has also gotten the green light from the SEC and the CFTC unlike 99.9% of the other cryptos. Once the hype dies down with all these other projects who do nothing, will never do anything, and no one ever uses, I believe that real world use case cryptocurrencies will make giant gains as money floods out of empty promise and junk no use case cryptos. Call me crazy I dont care, but I still believe that Litecoin will melt everyone face when it goes parabolic, while the current favorites and hype coins bleed out. When you watch mainstream media when they talk about cryptocurrencies, what coins do you see on the screen? Its BTC, LTC, ETH almost every time. Sometimes they throw in the current hype coin but those three are ALWAYS on there. Also which coins did the SEC deem not securities? BTC, LTC, ETH, BCH. Another thing is when you look at the wallets for Litecoin, you will notice whales have been stacking. They arent selling and why do you think that is? Its obvious to me whats about to happen, I just hope that others can read the writing on the wall. September 2023 Litecoin is one of the few cryptocurrencies currently immune against scrutiny from the US Securities and Exchange Commission (SEC). The regulating body sees a handful of tokens, including Litecoin, as non-securities, protecting them from legal claims filed against adjacent tokens such as Ripple’s XRP. Litecoin recently celebrated a new milestone as it saw a “50% increase in the percentage of use on @BitPay”. Litecoin is on a course to further surge as the token partners with PayPal and Ledger to facilitate crypto trading for customers. June 2023 EDX has a number of prominent Wall Street backers. In addition to Charles Schwab (SCHW) and Citadel, the firm’s investors include Fidelity and Virtu Financial (VIRT). For now, EDX’s scope is limited. The exchange only trades Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, rather than the hundreds of tokens that change hands on Coinbase and its competitor Binance. The firm plans later this year to launch a clearinghouse to help settle trades. Its entry into the market is a strong sign that the crypto market’s old way of doing business, where trading platforms profit from providing all those functions at once, is on the way out the door. Even as the SEC’s lawsuit against Coinbase could take years to play out, traditional firms are starting to bring the old rules to bear on the token market.
KRAKEN:LTCUSDLong
by Bitgolder
Litecoin to $5k?? On the above 5-day chart price action has corrected 90% from $400 since May 2021. (Who is selling after a 90% correction by the way? The number of ‘short’ ideas on Tradingview is remarkable). Anyhoe, a number of reasons now exist to be bullish. These are: 1) The ‘incredible buy’ signal has printed. Do not ignore on this time frame. 2) Price action is currently on the 0.786 Fibonacci level. 3) The Cup and Handle formation is text book. The handle is forming a perfect bull flag. A breakout north of $120 will confirm a strong chance of hitting the $5k target. 5) Zoom into the Bull Flag on the 1-day chart (below) price action is printing a buy signal with a higher low on the Golden ratio. Is it possible price action falls further? For sure. Is it probable? No. Those crazy targets suggest, to me, the dollar is in for some kind of reset. I don’t believe for a moment those targets are a reflection of the inherent value belonging to the token. Ww Type: trade Risk: <=6% of portfolio Timeframe: 6 to 18 months Return: 100x 1-day chart
COINBASE:LTCUSDLong
by without_worries
219
Will LTC price End Falling Trend To Reach $70Falling Trend: LTC price action is under the influence of the 50-day EMA, indicating a bearish trend. Death Cross: A death cross in the daily chart adds momentum to the downtrend. Critical Levels: LTC is trading sideways between $60 and $72. Current Price: LTC is trading at $60.77, with an intraday growth of 0.91%. Bearish Pressure: Multiple failed attempts to break above $72 show strong bearish pressure. Long-Wick Candle: A recent long-wick candle taking rejection from the 50-day EMA marks a new negative cycle. RSI Indicator: The RSI line trends sideways under the 14-day SMA, showing no signs of divergence. EMA: The 50-day EMA acts as dynamic resistance, limiting bullish growth. Bullish Torch: Despite strong resistance, LTC price prediction remains optimistic for the coming months. Reversal Chances: The chances of a reversal above the $60 support zone are slim. Optimistic Scenario: A breakout above the 50-day EMA could lead to a move towards $70 and potentially $100. Pessimistic Scenario: If LTC fails to hold above $60, it could test the $50 support level.
BINANCE:LTCUSD
by Coinpedia-Market-Insight
Will LTC Sustain Above $60?Falling Trend: LTC is under the influence of the 50-day EMA. Death Cross: A death cross in the daily chart indicates bearish momentum. Psychological Mark: A drop below $60 could lead LTC to $50. Bearish Pressure: LTC has experienced a 44% downfall before entering a sideways track. Crucial Zones: LTC is trapped between $60 and $72. Inverted H&S Nullified: Rejection from the 50-day EMA nullifies the inverted head and shoulder pattern. 10% Drop: LTC has fallen 10% in the last 10 days. Today's Price: LTC is trading at $61.33 with a 0.38% intraday growth. Morning Star: A potential morning star pattern could signal a bullish reversal. RSI Status: The daily RSI is nearing the oversold boundary. Dynamic Resistance: The 50-day EMA acts as a barrier to bullish growth. Bullish Viewpoint: Despite the bearish trend, there's a bullish outlook for the coming months.
COINBASE:LTCUSD
by Coinpedia-Market-Insight
Litecoin on weekly chart💥With the ever-evolving crypto landscape, it's easy to get caught up in the latest trends and tokens, but sometimes the most valuable gems are right in front of us. Litecoin, often referred to as the "silver" to Bitcoin's "gold," is one such cryptocurrency that has been quietly making strides in the digital currency world. Here are a few reasons why Litecoin might be considered an undervalued asset: Digital Silver: Litecoin is often referred to as the "silver" to Bitcoin's "gold" in the world of cryptocurrencies. It offers similar benefits but is primarily used for smaller transactions and everyday purchases. Swift Transactions: Litecoin is known for its fast transaction processing. New blocks are generated approximately every 2.5 minutes, making it ideal for quick and discreet payments. Strong Security: Litecoin uses the same cryptographic protocol as Bitcoin, ensuring a high level of security and protection. Experienced Development Team: The Litecoin team consists of experienced developers who actively improve the network and work on new features. Longevity: Litecoin has been in the market since 2011, and this longevity has added to its stability and trustworthiness. Global Acceptance: An increasing number of companies and payment systems accept Litecoin, making it more useful for everyday transactions. Ongoing Development: The crypto community continues to actively develop Litecoin, implementing new technologies and updates to keep it relevant. Mined: Litecoin can be mined, making it accessible to those who wish to participate in the network and receive coins as a reward. Useful for International Transactions: Thanks to its speed and low fees, Litecoin is an excellent choice for international transactions and money transfers. Creative Applications: Litecoin is used for various applications, from digital collectibles to the execution of smart contracts. As the crypto world evolves, it's essential to keep an eye on assets that may be overlooked. While Litecoin may not always grab headlines, its combination of speed, security, and adoption could make it a hidden gem in the cryptocurrency market. What are your thoughts on Litecoin? Do you believe it's undervalued, or is there another cryptocurrency you think deserves more attention? Share your insights in the comments below! Always sincerely with You, Yours, Kateryna💙💛
BINANCE:LTCUSD
by RocketBomb
5