LTCUSD.P trade ideas
Litecoin LTC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Chart timeframe is on the weekly.
I drew in the missing data with the squiggly line. From smaller wave 1 to 5 it took us about 7 years to complete it. This wave has now became wave 1 of a bigger trend cycle. We are working on wave 2 and the bottom could be in or we might have one last leg down with a -93% drop from the top. I placed wave 2 bottom there just incase we do go lower, if not the wave 2 is where the -89% drop is. Wave 3 on the bigger trend should take us roughly 8 years to complete. My prediction is based off of elliot wave rules with wave 3 being the wave that cannot be the shortest wave of either 1 or 5. The price target of wave 3 is roughly $690. This is not a moonshot target and it's a target that I know LTC will surely reach. I will draw a chart for a moonshot target underneath this post.
R/R Ratio: 7.68
Possible upside: 599%
Possible downside: -78%
LITECOIN ON A ROLL?! WITH BUTTA?!
BULLISH
See the breakout from the prior triangle noted and likely will cross sideways to consolidate at or around 100 per coin until sellers exhaust the 101 resistance level from earlier. Then next upper MVA is projected price action.
LTCUSD Set Up Targeting 105.20'sIn this update we review the recent price action in LiteCoin and identify the next high probability trading opportunity and price objectives to target
Litecoin: Milky Way 🌝🌟Litecoin is climbing further North to reach the blue target zone between $132.29 and $154.36. Within this zone, we expect the coin to fulfill the blue wave (iii) before pulsing down to the corrective low of the blue wave (iv). After completion, the course can rocket back towards the sky to carry on its bullish trend until the pink wave finishes.
LTCUSD Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 97.95, where the overlap resistance is. Stop loss will be at 102.65, where the recent high is. Take profit will be at 86.52, where the intermediate support is.
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LTCUSD Potential for Bearish Drop | 6th February 2023Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 97.95, where the overlap resistance is. Stop loss will be at 102.65, where the recent high is. Take profit will be at 86.52, where the intermediate support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
LTCUSD BULLISH SIGNALCurrently, LTC is in ascending channel. Hopefully it will continue its ride.Enjoy.
LTCUSD(IDEA UPDATE) BULLISH SIGNAL Currently, LTC is in ascending channel . Hopefully it will continue its ride.Enjoy.
LTC longLTC bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 102.66 is expected to happen.
LTC/halvingMany people have forgotten about the Litecoin halving. these are my expectations of events
LTC: Working on Sign of Strength Event in Phase DHi Everyone! Litecoin very much looks like we have made our transition from Phase C into Phase D with a Sign of Strength event. That "Sign of Strength" is not done yet. We are still working on it before we "eventually" begin our "Back-Up/Last Point of Support" event in Phase D. As pointed out in the video; we still have quite a bit of upward pressure remaining when we look at the 2-Week time frame. Also, let me remind you we have a Block Halving Event approaching the last week of July or first week of August. So, the "timing" of this Sign of Strength event is spot on in my opinion.
I'm would rather wait until the next 2-Week candle and the next 19-Day candle before providing an idea of "where" this Sign of Weakness may find its "peak" before beginning our "Back-Up/Last Point of Support" event in Phase D.
I hope this was helpful...
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Happy Trading and Stay Awesome, Everyone!
LTC to $130With the push above $100, I am looking for a trend continuation to $130 resistance at which point I expect some pullback. Until then, comfy in my 78 long entry.
LTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this LTC/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.
LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.
As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.
Looking at the chart, the move took place following a breakout of a ceiling at $95.50 and came as the relative strength index (RSI) collided with a resistance of its own.
As of writing, the index is tracking at 65.96, which is marginally below a resistance level of 66.00.
Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LTC/USD 2WEEKS Heikin AshiLTC/USD 2WEEKS
Heikin Ashi
litecoin/usdt tether 2 week
long term chart
do your own risk
candle
Litecoin update #LTCLitecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.
Litecoin - Going down as well5-wave down on LTF followed by a retrace.
LTC is probably done for now and heading to support.
It's month end, don't buy.
Litecoin long-term bullish trend promised by technical analysisAdditional notes:
upcoming halving
Strong bullish outlook for weekly long-term perspective. Bullish tendency short term (view follow up)
This information is by no means financial advise, you trade at your own risk, I am in no way responsible for your actions, seek professional advise from licensed financial experts!
LITECOIN Strong Resistance! Sell!
Hello,Traders!
LITECOIN has reached a
Strong horizontal resistance
And I think that we will see
A local move down
Sell!
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LTC. 90% gain in 5 month.One year later, the price bounced off the bottom line of the global ascending channel and closed above the moving average. RSI has left the oversold zone. Healthy 90% growth ahead.
neutral biasLtc approaching resistance zone . This level was once support then broke down.. Currently still bullish pressure no signs of bearishness yet
