LTCUSD.P trade ideas
LTC long term viewLitecoin is currently in a +2000 day range
It could break out one day and if you it'll go nicely, as it did before.
However, one factor worth noting is that the 2021 high was barely higher than the 2017 high while Bitcoin did more than a 3x
This is relative weakness on Litecoin's part
I think it'll break out of the range one day, and when it does the target is $1000.
It could take a few years though.
$LTC Bull flag on 1 hour time frame! NYSE:LTC Bull flag on 1 hour time frame!
Breakout target $78-80.
Key support level 200 ema $69-70.
Follow for more. ❤️
LTC Daily 50-150 SMA Bullish Cross ImpendingLTC is about to have its 50 sma cross its 150 sma on the daily chart. This is occuring during the rebound of the price action from a support trend line in a rising channel. The price has recently bounced off support at the $64 level. RSI is 44 and turning upward.
BTC has overtaken its resistance also on the daily chart. A rising tide lifts all boats.
Not financial advice.
Do your own DD.
Thanks for looking at the idea.
LTC/USD Testing Key Lows; Support Still FormingHello,
COINBASE:LTCUSD is on track to test its 1-month low at 63.19 and potentially the 3-month low at 55.18. Buyers are stepping in now, but in my opinion, it's a bit premature—a bit more time is needed to establish solid support.
No Nonsense. Just Really Good Market Insights. Leave a Boost
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ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may.
The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈
1) Bitcoin Cash / BINANCE:BCHUSD.P
2) Dash / BINANCE:DASHUSDT
3) Litecoin / BINANCE:LTCUSD.P
These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)!
_____________________
LTCUSD BUY 65.0On the 4-hour chart, LTCUSD has a chance to form a bullish Gartley pattern in the short term. Currently, we can pay attention to the support near 65.0. If it falls back and stabilizes, we can pay attention to buying opportunities. The upward target is around 71.0. If the price falls below the support near 62.0, the pattern will be declared a failure.
Litecoin, and the "Falling Three Methods Candlestick Pattern"On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say.
The evidence for a collapse in Litecoin price action has only grown in the past few months.
A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe represent significant profit taking and selling pressure.
The yellow arrows identify bearish engulfing candles. The last one printed on September 2023, confirming legacy support as resistance.
The print was followed by three green candles. Do you recognise them? And the red one that now follows it?
This candlestick pattern is called the “Falling Three Methods Candlestick Pattern”. It is a continuation pattern. When three Green candles in-between the bearish engulfing and DOJI are unable to close above the bearish engulfing candle, a significant sell off prints. Overall the pattern is informing you of the inherent weakness in price action.
Litecoin bulls, you’ve been warned!
Ww
LTCUSD Nears Key 1-Year Pivot TestHello,
COINBASE:LTCUSD is once again poised to test the 1-year pivot point (PP). However, it must first break through the recent 3-month high at 74.805. A stable position above this level could lead to a test of the 1-year PP.
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Litecoin Short Term Buy IdeaH1 - Bullish trend pattern
Strong bullish momentum
Until the strong support zone holds my short term view remains bullish.
$LTCUSDthis is to complement the LTCN chart that i made
soon up only i think is possible, the channel NEEDS to get hit for this to work however, either this cycle or the next.
LTCI'm a LTC holder and 've been charting it for a while. This is a yet another count where i presume that we finished a wave 2 in a higher degree. What i like to see now is a wave up and finding support arround de 68 - 71 dollar level.
Yet the isn't any impulse move up to be spotted, even more for now we can count 3 wave"s, in a minor degree and that aint good. finding support on the GP is crucial for LTC continuation to the nord.
Yes i'm a red zone on average entry :)
LiteCoin MacroStats:
Monthly - current test/rejection from 12EMA
Weekly - Trying to hold 12EMA at $68. 200MA overhead at $107
Daily - Bouncing from daily 50 moving average of $66.
If moving averages matter, this one is looking great. Plus news?
$139 is my guess
LTC 50/100 SMA Cross Bullish SignalLTC recently had the daily chart 50 and 100 sma cross. This is a bullish signal for the price action. Volume is declining as the price makes higher lows on a rising support. Stochastic rsi is 40. Target for the trade would be the previous swing high marked in a rectangle.
Not financial Advice. Do your own DD.
Thanks for viewing the idea.
ETH I About To Crash The MarketMartyBoots here , I have been trading for 17 years and sharing my thoughts on PEPE .
ETH is forming a very interesting pattern , this pattern has crashed the market many times in the past . Be on alerts and be careful.
Watch videos for more details
LTCUSD: Testing Key Support LevelsHello,
COINBASE:LTCUSD has recently rallied to a peak of 76.755 and is currently testing the support levels on both 1W/1D. The strong weekly support level at 67.456 is approaching, along with daily support levels at 69.245 and 68.634. There is optimism that these key support levels will hold, potentially leading to further upward movement. However, if they fail, we may see a pullback towards the monthly pivot point.
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Litecoin Bulls in Action! Is $80 Coming Soon?
📈 Litecoin Bulls in Action! 🚀 Is $80 Coming Soon?
🔥 **Litecoin** is sitting in a strong **demand zone** around $70 and looks ready for a breakout! With the first target set at **$79.36**, we could see a major move soon.
💪 RSI is recovering, and momentum is shifting to bullish—this could be the perfect time to watch LTC closely! Eyes on that $80 mark! 👀
⚠️ Don’t miss the ride, but stay cautious around volatility! Key support at $70.
#Litecoin #LTC #Crypto #LTCPrice #CryptoTrading #CryptoNews #Bullish #Trading #Breakout
1. Price Action:
- Litecoin is trading around $71.04 at the moment.
- There’s a clear demand zone marked around $70.05, indicating a strong support area where buying pressure could increase.
- A first target is highlighted near $79.36, suggesting an expected upward movement toward this level.
2. Momentum Indicators:
- The RSI (Relative Strength Index) indicates a possible upward momentum, as the price has started to recover from a lower region.
- The chart labels various HL (Higher Low) and LL (Lower Low) points, indicating the price structure. After a series of lower lows, the price seems to be recovering.
- Bullish Momentum: The momentum indicators at the bottom of the chart show that the current phase is bullish, as seen with the "Bull" labels.
3. Technical Patterns:
- The price is near the lower boundary (support zone), which suggests that Litecoin could be poised for a bounce upward toward the target zone of $79.36.
Litecoin ETF Sparks Market Optimism Amid New FilingA Closer Look at LTC’s Future
The excitement around Litecoin ( CRYPTOCAP:LTC ) has intensified with the recent filing of a Litecoin Exchange-Traded Fund (ETF) by Canary Capital. This could mark a significant milestone for the cryptocurrency, positioning it alongside Bitcoin and Ethereum, which have recently received ETF approvals. With institutional interest in Litecoin rising and a potential approval on the horizon, the cryptocurrency world is buzzing with speculation about LTC’s price trajectory. Litecoin's founder, Charlie Lee, has expressed optimism, confident that the ETF approval will happen soon, further propelling Litecoin into the limelight.
Litecoin ETF: A Game-Changer in the Making
The recent filing of a Litecoin ETF by Canary Capital is an important development, as it could become the first single-asset Litecoin ETF globally. Charlie Lee believes that the ETF approval is imminent, following a growing trend of crypto ETFs gaining approval, most notably Bitcoin and Ethereum.
The significance of this filing cannot be understated. If approved, it would open doors for both institutional and retail investors to gain exposure to Litecoin in a regulated environment, potentially leading to a surge in demand. According to some market experts, this could see Litecoin’s price rise to $400 in the short term and possibly cross the $1,100 mark by 2026, aligning with broader institutional adoption of digital assets.
Institutional Demand and Growing Trust
One of the key indicators of rising institutional interest is the performance of Grayscale’s Litecoin Trust, which has grown by more than 2% daily and is currently trading at more than double its net asset value (NAV). This reflects strong demand from investors seeking exposure to Litecoin, even before the approval of an ETF.
The Litecoin founder emphasized that Litecoin shares many similarities with Bitcoin, particularly as both are considered commodities. This distinction, combined with Litecoin’s strong peer-to-peer transactional capabilities, makes it a prime candidate for institutional adoption.
Market Sentiment and Price Movement
Litecoin's price saw a surge following the ETF filing, reaching a monthly high of $75.88, recovering from a low of $62.12. However, the price has since experienced a slight correction, currently trading at $71.44, down by 5.04%. While volatility and uncertainty surrounding the ETF approval have contributed to this dip, the overall market sentiment remains bullish, with expectations of a significant rally once the ETF is approved.
Technical Outlook: Consolidation Before the Next Move?
From a technical perspective, Litecoin ( CRYPTOCAP:LTC ) is consolidating after its recent price surge, down 4.53% at the time of writing, potentially heading towards the support level at $68. Despite the pullback, Litecoin’s price action remains within a bullish triangle pattern on the daily chart, indicating a potential continuation of the upward trend.
Supporting this bullish outlook is Litecoin’s Relative Strength Index (RSI), which currently stands at 56. This suggests that Litecoin ( CRYPTOCAP:LTC ) is neither overbought nor experiencing weak momentum, creating a perfect scenario for a cool-off before another significant run. Analysts predict that Litecoin could retest the $100 mark in the coming weeks and possibly revisit the $200 and $250 levels in the longer term.
The Path Ahead: Litecoin's Potential Breakout
The current momentum around Litecoin is driven not only by the ETF filing but also by increasing demand from institutional players. Canary Capital’s ETF filing has positioned Litecoin in the spotlight, and with the U.S. Securities and Exchange Commission (SEC) already approving Bitcoin and Ethereum ETFs, Litecoin could be next.
As institutional adoption continues to rise, the approval of the Litecoin ETF could lead to a massive price rally, potentially driving LTC towards the predicted $400 target. On the downside, any delays or rejections from the SEC could result in short-term price volatility, with support likely to be found around the $68 level.
Conclusion: All Eyes on ETF Approval
The recent filing of a Litecoin ETF has sparked excitement in the crypto world, with Litecoin founder Charlie Lee expressing confidence that approval is just around the corner. If this happens, Litecoin ( CRYPTOCAP:LTC ) could witness a significant price surge, supported by strong institutional demand. While volatility remains, the technical outlook suggests that Litecoin is poised for further gains in the near future, with key resistance levels to watch at $100, $200, and $250.
In summary, the next few months will be crucial for Litecoin’s trajectory, as ETF approval could serve as a major catalyst, propelling the cryptocurrency to new heights. For investors, keeping an eye on both technical indicators and institutional sentiment will be key to navigating Litecoin’s future price movements.
LTCUSD - Indicator PerspectiveThis is the monthly chart for LTCUSD. As seen back in 2017 price flew up during the red period of this indicator, right now we are experiencing a red period like this, will price repeat the up move during red?
Horizontal lines in white are the two strong support areas
Bullish
Will Litecoin Surpass $100?Litecoin surges 13.43% in five days, breaking the $73 resistance.
LTC price forms a V-shaped reversal, leading to a rising channel rally.
Currently trading at $72.27, Litecoin tests the overhead resistance trendline.
The intraday candle shows price rejection at the 38.20% Fibonacci level near $76.
A minor pullback is possible following rejection from the $76 mark.
The 200-day EMA provides strong support at $70.66, sustaining bullish momentum.
An uptick in the 50-day EMA suggests a potential golden crossover soon.
MACD and signal lines remain positively aligned, reflecting increased bullish strength.
A breakout above the $82 mark could target the 78.60% Fibonacci level at $97.77.
Litecoin needs to surpass the $82 resistance to potentially hit $100.
If a pullback occurs, key support levels are at $68.53 and $60.
Litecoin's bullish channel formation signals continued upward momentum toward $100.
Litecoin Spike 10% as Canary Capital Files for Spot Litecoin ETFLitecoin ( NYSE:LTC ) has recently experienced a sharp spike, rising over 10% and touching $71.29, following a significant move by Canary Capital. The asset management firm submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) for a groundbreaking Litecoin Exchange-Traded Fund (ETF). This marks the first-ever attempt to launch a Litecoin-linked spot ETF in the United States, potentially revolutionizing the way consumers and institutional investors access Litecoin.
Canary Capital’s Filing: What It Means for Litecoin
The S-1 filing by Canary Capital represents the initial step in a multi-stage regulatory process required to introduce new securities to the U.S. market. If approved, this ETF would allow investors to gain exposure to Litecoin ( NYSE:LTC ) price movements without directly purchasing or holding the cryptocurrency. By offering a regulated investment vehicle for Litecoin ( NYSE:LTC ), Canary aims to attract both individual and institutional investors who have been hesitant to engage with digital assets due to concerns over regulation and security.
Interestingly, this move follows closely on the heels of Canary Capital's recent filing for a similar XRP ETF. These back-to-back filings underscore the growing trend among asset managers to explore traditional investment vehicles for cryptocurrencies, highlighting the increasing demand for secure and regulated access to digital assets.
Canary Capital's CEO, Steven McClurg, brings a wealth of experience to the table, having previously served as the Chief Investment Officer at Valkyrie Investments. Under his leadership, Valkyrie was among the early applicants for Bitcoin futures ETFs, which adds credibility to Canary’s current push for Litecoin and XRP ETFs. However, it is important to note that this filing is only the first step, and the firm must also file a 19b-4 application to request a rule change at the stock exchange where the fund will be traded.
Litecoin’s Unique Position: Why This Matters
Litecoin ( NYSE:LTC ) has long been considered the "silver" to Bitcoin's "gold," but its appeal extends beyond this analogy. One of Litecoin’s standout features is its transparent and fair launch, with no pre-mines or token sales, which has helped it avoid much of the regulatory scrutiny faced by other cryptocurrencies like Solana. This unique feature positions Litecoin favorably under SEC regulations, making it a strong candidate for a spot ETF.
As noted by Alex Thorn, head of research at Galaxy Digital, the absence of an initial offering (ICO) for Litecoin may reduce its risk of being classified as a security by the SEC. This could provide a smoother pathway for the approval of a Litecoin ETF, making it one of the most likely cryptocurrencies to succeed in this regulatory environment.
ETF, Regulation, and Institutional Interest
The filing of a Litecoin ETF follows the broader trend of regulatory advancements in the cryptocurrency space. Earlier this year, the SEC approved both Bitcoin and Ethereum futures ETFs, sparking a wave of interest among institutional investors seeking regulated exposure to digital assets. The introduction of a Litecoin ETF would continue this trend and further solidify Litecoin’s position as a viable and trusted cryptocurrency for mainstream investors.
Nate Geraci, president of The ETF Store, commented on the political dynamics surrounding these filings. He noted that regulatory outcomes might be influenced by upcoming elections, suggesting that a shift in political leadership could create a more favorable environment for cryptocurrency investments. If these political shifts occur, it could lead to a rapid approval of not just the Litecoin ETF, but other spot ETFs as well, providing a major boost to the overall cryptocurrency market.
Technical Outlook
From a technical perspective, Litecoin ( NYSE:LTC ) appears to be gearing up for a significant breakout. The coin is currently up 1.51% and is trading within a tight rectangular pattern, which often indicates indecision among traders. However, Litecoin ( NYSE:LTC ) has formed a bullish symmetrical triangle on the daily chart—a classic technical indicator that frequently precedes strong breakouts.
Furthermore, Litecoin ( NYSE:LTC ) has successfully broken out of its descending channel and completed a strong retest, which is an essential sign of confirmation. The cryptocurrency is now gaining momentum and testing areas above support point, a bullish signal that could suggest continued upward movement. If NYSE:LTC manages to break the upper resistance of the symmetrical triangle, which aligns with the pivotal $75 price point, it could trigger a new bullish campaign with the next target set around $100.
The all-time high (ATH) for Litecoin was $412.96 back in 2021, and while the cryptocurrency has since experienced significant corrections, the current momentum suggests that a return to those levels may not be out of reach. With institutional interest building through the proposed ETF, the likelihood of a sustained rally becomes even stronger.
Key Resistance and Support Levels to Watch
The first significant resistance level for Litecoin is around $75, which, if breached, could open the door to further upside potential, targeting $100. Beyond that, a successful rally could see Litecoin ( NYSE:LTC ) approach its former highs.
On the downside, the immediate support is around the $68 region. A fall below this level could indicate a potential bearish turn, with further support around $61.
Conclusion: A New Era for Litecoin?
With the filing of a spot Litecoin ETF and increasing institutional interest, Litecoin ( NYSE:LTC ) is set for substantial growth. The regulatory landscape is becoming more favorable for cryptocurrencies, and Litecoin’s fair launch and lack of pre-mine give it a unique advantage. Technically, the coin is showing strong signals for a breakout, which could lead to significant price increases in both the short and long term.
If the ETF is approved, Litecoin ( NYSE:LTC ) could see a massive influx of new investors, pushing its price to new heights and possibly reclaiming its status as a top-tier cryptocurrency. For now, all eyes are on the SEC, and the next few months will be critical in determining Litecoin’s trajectory.
Promising Signs for LTCUSD: Potential Bullish Outlook Ahead!Hello,
COINBASE:LTCUSD remains predominantly bearish, but recent developments are showing potential for a bullish outlook! The 1M PP has acted as support, though it may be tested again. As time progresses, we can expect to see higher highs!
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Litecoin to $2,200I believe Litecoin will reach $2,200, which is approximately a 22x increase. The chart shows a large triangle pattern, and I’m expecting significant growth.
- Dalin Anderson
