LTCUSD trading sidewaysLTCUSD is trading sideways as it fluctuates between support and resistance levels. Setting buy-stop and sell-stop orders at second levels of resistance and support respectively.
LTCUSD.P trade ideas
Going Long LiteCoin to 81Traders,
I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I like to see it. I've entered long at 68.43 with a target of around 81 and a SL of 62.50. R/R ratio is just over 2.
None of this is fin advice of course. All purely for your entertainment.
Stewdamus
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted.
Target one will be $89.
Target two will be $96.
This is not fin advice.
Best,
Stewdamus
LTCUSDT BULLISH ?Ltc usdt is trying to break the trendline and resistance level.
if it breaks it then we will look for buy on spot.
Target will be 81$ and 90$
Could it really be this easy???? DYOR.... compare rallies with BTC DOM, halvings on BTC and LTC... and notice how things are not exactly the same every cycle.. Hard to believe that 30 is not the absolute bottom on LTC.. considering the black swan of COVID..
LTC ☁️ Downtrend, Time to Sell? A bullish sun 🌞 shines over most of the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling further upside for cryptocurrencies. Binance Coin and Litecoin buck this positive trend with cloudy, bearish trading conditions ahead, ATTMO shows. ☁️
Over a one-week horizon, the sunny 🌞 upward trend will persist, although the price gains are likely to be smaller. Ripple’s XRP, Polkadot, and Uniswap will face bearish clouds over this longer time period. ☁️
Follow us for more crypto weather reports!
LTCUSDHello traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Happy trading!
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution.
On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly.
If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown.
Support levels: 71.09, previously broken resistance, 66.13
Resistance levels: 72,30, 73, 74
Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart.
BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL
Regards, R. Linda!
LTC/USD WeeklyNew LTC/USD weekly chart.
Using Gann fans at +45 degrees and -45 degrees we can find diagonal support/resistance areas.
ltc at break pointhello
ltc is forming inverse head and shoulders
better watch out buy at the break point of the trend line
good luck
LTCUSD continued growthI will consider buying the LTCUSD instrument.
The price shows signs of reaccumulation, on the chart there are weak signs of the strength of the seller, so there is reason to believe that the growth will continue to the nearest target of $76.80 per 1 LTC.
In the zone of $67-68, I will look for a buy entry.
Expect an entry point that is convenient for you and follow the risks.
Ltcusd Trading IdeaToday, we're going to take a close look at LTCUSD and an intriguing potential leading diagonal setup that has caught our attention. It appears that LTC has recently completed five waves within what seems to be a wedge-like structure. This development suggests a possible leading diagonal pattern formation, which could signal an impending downward move in the short term.
We have identified a significant BUY back zone that should be closely monitored for potential buy decisions. This area presents an attractive entry point for long positions, provided the breakdown occurs and the price reaches this zone.
Moreover, we should be well aware of the importance of the immediate resistance level. If the price manages to break above this level before the wedge breakdown, it will invalidate our bearish bias. In such a case, our immediate plan will be to consider buying during the pullback.
Remember to stick to your trading plan and avoid making impulsive decisions.
Good luck and happy trading! Feel free to share your thoughts and observations in the comments below. Let's make the most of this potential setup together.
Everything you need to know about Litecoin Halving👨🏫Hi everyone👋 (Reading time less than 5 minutes⏰) .
In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ).
📚First, let's learn more about Halving and especially Litecoin Halving .📚
💡 What is a block-halving event ❗️❓
As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving.
💡 Why was Litecoin Halving done ❗️❓
Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time!
💡 What is the Litecoin Halving History ❗️❓
Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC.
💡 When is the Next Litecoin Halving ❗️❓
The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC .
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📈 Technical :
Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened.
If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend .
The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴.
In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA .
The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time.
In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓
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According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓
Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
LTC | Purchase zone 56$Long entry. Entry range $57-55
Analysis of the chart and indicators showed that the coin is preparing to move down. I put a limit order and wait for the instrument to go to the levels of 55-57 dollars. When going to these levels, I will make a further forecast. Stay tuned for more ideas.
LTC/USDWe have a search and destroy profile on the Weekly TF, sweeping $105 and $65 showing unwillingness to continue lower. We have a higher low at $59 on the Daily and a Break in structure supporting our search and destroy profile on the Weekly. We anticipate seeing $72.94 being broken soon which is our low hanging fruit (target 1) More updates on entry points soon
Litecoin Bullish LongTermLTC/USDT Filecoin
⬆️Buy now or Buy on 73.80$
⭕️SL @ 70.44$
🔵TP1 @ 78.10$
🔵TP2 @ 85.30$
🔵TP3 @ 90.10
💡Leverage: 10x cross
Exchange: Bybit USDT, Binance Futures
🎯Accuracy of this strategy - 90.16%
LITCOIN: SHARK detectedLITCOIN: SHARK detected
and possible Wolfe Wave (under construction point 5).
the possible targets are: The EMA.50 and EMA.200
to monitor :
Fibonacci and ICHIMOKU levels
Ltc WILL BE 78$LTC is at a very important place. If it breaks here, it can reach 78-80 dollars, if it cannot break it, it can drop to 68 levels.
74.72 Level is really important for LTC, I open a long trade from here
LTC/USD Coinbase Harmonic PossibilityIf you don't know already bitcoin has completed a continuation diamond on the weekly and in terms of scale, most of the cryptos followed it and have their own pops but not every crypto expressed price action of the same kinds of percentages at the least. What I have seen similar to XRP before it exploded a couple of days ago is that LTC seems like it's having an accumulation before a strong move. A squeeze if you will which is a very common term in trading. Now in this case I think it could be harmonic. I don't know if I can validly draw the common or even uncommon bullish or bearish harmonic patterns we know in love but what I can say is that LTC has been creating a mirror of price action for many weeks now. It also seems that we are on the last leg of this structure in theory... which should be creating a little chicken wing if you will to the right, a small triangle or wedge to complete this and we should be seeing strong moves up or down. I have set some possible targets based on what I call structural interruptions. I usually measure like this when dealing with bear or bull flags or diamonds but I can't ignore the possible bus stops we could get due to the slowdowns of price action even after a volume well appears on the left of the structure. If it copies what's left to it 1:1, we should go up and people will consider the weekly a double bottom. If we aren't pretty sure anything that's $60 or below is a buy zone but the $60 dollar mark is like the other extreme of a range where there should be (or not, do you boo) Short orders with stop losses. In fact, my TD Sequential indicator shows exactly where it can land for a possible buy-in marked in blue at its max potential to the downside. That would be roughly $45. Anyway, that's it :)
LTC LONGThis trade went very well. The price bounced exactly off the entry and reached my profit target. I could have made even more profit but i closed the trade a bit early.
Update LTCUSDTThere is strong support below, and high volume candles have appeared, and it is clear that there is another rising wave that is still missing, and that we will visit this area.
