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LTCUSD trade ideas

Litecoin (LTCUSD): Another big long-term opportunity incomingLitecoin (LTCUSD): BINANCE:LTCUSD For Litecoin, the analysis starts from December 2018, focusing primarily on the activity from 2021 to the present. It indicates that the major Wave II concluded at $41.60, and currently, Litecoin is in a major Wave III that is expected to exceed $413, representing a potential increase of 450%. This projection is based on a detailed examination of the coin's performance after the first two bull markets, suggesting significant growth potential within this cycle. The strategy involves waiting for an opportune moment to enter the market, aiming for long-term holding rather than immediate action, based on the completion of sub-Wave 1 and 2 in red, with Wave 2 ending at $57.71. The current phase is believed to be within Wave 3, anticipated to reach between 161.8% and 361% extension, equating to a price range of $162 to $290. The upper limit of $290 is considered the maximum for this Wave 3, as going beyond would be unusual and not align with typical Wave 3 behavior. By zooming into the 4-hour chart, short-term entry points are being identified, noting that Wave ((iii)) in black has already developed a smaller sub-wave and is currently in a minor Wave (iii) in blue, expected to significantly increase shortly. Our plan now is to wait for a correctional Wave (iv), which may take days or weeks to materialize, at which point a limit order will be placed for our long-term investment, as we missed the end of Wave 2 due to the timing of our analysis.
CRYPTO:LTCUSDLong
by freeguy_by_wmc
BITCOIN CORE - ATH?My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
COINBASE:LTCUSD
by LegendSince
2
Cryptolean Litecoin LTC Update Litecoin found a support at $80.43, the key daily support zone, and we see a bullish reaction from this level. A bullish reversal from $80.43 is likely, assuming we see bullishness back in CRYPTOCAP:BTC , and will result in a move to re-test $88.82-$92.07. A bearish break-out of $80.43 will push #LTC price lower towards $73.31, however the price action may be slow and choppy. Intraday Chart The LTCUSDT 4-Hour chart is neutral and moving to the key intraday resistance at $87.89. A bearish rejection of $87.89 will lead to Litecoin price declining to $80.29, the key intraday support. A bullish break-out of $87.89 will push price to re-test $91.97 and, possibly, higher to $96.84-$100.31, where the price action will be very important. Support once read! Thank you.
COINBASE:LTCUSD
by Trade-Lean
LTC → Time to take a break?As evident, the current price resides within the "OB" region, exhibiting a discernible reaction. Furthermore, it is observable in the "POI" segment . At this juncture, it is prudent to commence local examination within "LTF" intervals of either one hour or 15-30 minutes, seeking confirmation of the breach in the "BOS" structure, subsequently formulating strategic outlines. The targets attainable are demarcated by black squares, strategically positioned in proximity to significant liquidity aggregations.
BINANCE:LTCUSDShort
by truepersonal
3
Could LITECOIN #LTC do a 100X versus #HEXRichard Heart used to mercilessly make fun of Charlie Lee, #Litecoin and it's holders But we see a clear inverse Head and Shoulders in the making. How could we see this massive divergence of fortunes occur. I have touched on this a couple of times. There are only a handful of legitimate Proof of Work coins left in the top 100. BTC, LTC, XMR being the top 3 right. All 3 have the Lindy affect of being in existence multiple crypto cycles. BTC and LTC are most definitely going to be traded on a Nasdaq digital exchange when that is created. XMR due to its privacy functionality will likely not be listed. So a Four figure Litecoin and a Hex price that flounders, here along the bottom, maybe further dropping a 50-100% and we can hit this ratio quite easily. Best of Luck on your speculations.
BITSTAMP:LTCUSDLong
by BallaJi
13
Litecoin: consolidation in mid-term?Hi Traders! From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2). The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions. Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker
14
Litecoin (LTCUSD): Opportunity for a new Entry PositionLitecoin (LTCUSD): BINANCE:LTCUSD In the 4-hour chart for Litecoin (LTC), it appears that we've seen the end of the subordinate Wave (iii) and Wave (5) at the 227.2% Fibonacci extension level. Now, we're anticipating a Wave (iv) correction, which should reach the 38.2% to 50% level. We don't expect it to fall much further. It should surpass Wave (iii), at least reaching the level of $115, which will likely act as a strong resistance zone. It remains to be seen whether we will break above this level to ultimately complete the overarching Wave (iii).
CRYPTO:LTCUSDLong
by freeguy_by_wmc
Expect a few profit-takers along the ride! LTC Risk Investment!LTC looks like it is returning to yesterday's gains, but I see this is just profit-taking, which is just fine. Each investor has their own profit and loss expectations, and I'm glad to see this kinda red getting painted today. So, let's look at what it means to be an investor in a highly volatile asset class such as crypto. Investors need effective strategies to manage risk and potentially profit in highly volatile markets and with assets that experience rapid price swings. Here are some key concepts and strategies: 1. **Diversification** : **Spread your investments** across different assets (stocks, bonds, real estate, etc.) to reduce risk. Highly concentrated portfolios can be risky, so diversification helps mitigate losses during market turbulence¹. 2. **Risk Profile Assessment** : Be honest about your **risk tolerance**. Understand how much risk you're willing to take with your money. Some investors thrive on volatility, while others prefer stability. Knowing your risk appetite is crucial¹. 3. **Long-Term View** : **Avoid knee-jerk reactions** to short-term volatility. Taking a long-term perspective allows you to ride out market fluctuations and benefit from overall growth¹. 4. **Protective Strategies** : - **Put Options**: Consider buying **protective put options**. These allow you to hedge against downside losses. For example, you can buy put options on individual stocks or broader indices like the S&P 500³. - **Stop-Loss Orders** : Set **stop-loss orders** to automatically sell assets when prices fall by a certain amount. However, be aware of taxable events and the impact on your portfolio³. 5. **Volatility Trading**: - **Volatility Index Options**: Derivative contracts can be used to build strategies to profit from volatility. Explore options like **straddle** and **strangle** positions, as well as futures⁴. Volatility-Based Strategies: Some traders focus on assets with consistent volatility or large daily movements. Volatility can be an opportunity if managed effectively¹⁷. Remember that volatility and risk are related but distinct concepts. Volatility measures price swings, while risk refers to the possibility of losing your investment. By understanding both, you can tailor your strategies to navigate volatile markets effectively. (1) 4 Proven Investing Principles for Volatile Markets | Kiplinger. www.kiplinger.com (2) Investment Strategies for Extremely Volatile Markets - Investopedia. www.investopedia.com (3) How to Profit from Volatility - Investopedia. www.investopedia.com (4) undefined. www.cmcmarkets.com (5) . bing.com (6) 5 Strategies for Trading Volatility With Options - Investopedia. www.investopedia.com (7) Four Ways to Navigate the Bumps of Today’s Volatile Market. www.kiplinger.com (8) undefined. www.quantifiedstrategies.com (9) undefined. www.schwab.com
COINBASE:LTCUSDLong
by cnote56
Litecoin LTCUSD 6+ years rangeSince 2017, Litecoin COINBASE:LTCUSD has been ranging with a top at 325ish dollars established in 2017 and a bottom at 25ish dollars established in 2018. Two important things: 1) There was a failed attempt at a breakout to the upside in 2021. 2) Chart is wickless to avoid unnecessary noise, but you should know that a wick touched the bottom in 2020 (covid panic). Could 2024 be the year with a successful breakout to the upside ? If yes, what would so many years of ranging and accumulation lead to ? This is not financial/trading advice. You are responsible with what you do with your own money.
COINBASE:LTCUSD
by Meditation
Litecoin's Core v0.21.3. Upgrade Led $LTC to New Annual HighLitecoin ( CRYPTOCAP:LTC ), often hailed as the silver to Bitcoin's gold, is poised for a monumental leap forward with the introduction of Litecoin Core v0.21.3. This update brings forth a duo of groundbreaking advancements: Partially Signed Bitcoin Transactions (PSBTs) and the MimbleWimble Extension (MWEB), promising heightened privacy and efficiency in Litecoin ( CRYPTOCAP:LTC ) transactions. While these technical marvels hold the potential to revolutionize the landscape of cryptocurrency transactions, the market response has been tempered, with Litecoin's ( CRYPTOCAP:LTC ) price experiencing a modest dip. But amidst cautious sentiment, the question looms: Could this be the dawn of a new era for Litecoin( CRYPTOCAP:LTC ) and the broader crypto ecosystem? PSBTs: Bridging Security and Flexibility At the heart of Litecoin's latest update lies the incorporation of PSBTs, heralding a new era of transactional flexibility and security. By providing a more robust bridge for Litecoin ( CRYPTOCAP:LTC ) transactions, especially in conjunction with hardware wallets, PSBTs offer users enhanced peace of mind and efficiency in managing their funds. But the real game-changer lies in the integration of PSBT technology with MWEB, propelling Litecoin ( CRYPTOCAP:LTC ) to the forefront of privacy-centric cryptocurrencies. MWEB: Redefining Privacy Standards MWEB represents a paradigm shift in transactional privacy. By obscuring transaction amounts and the identities of both sender and receiver, MWEB ensures a level of confidentiality previously unseen in Litecoin ( CRYPTOCAP:LTC ). This leap forward not only enhances user privacy but also lays the groundwork for a more efficient and secure transactional ecosystem. A Brighter Future for Litecoin The implementation of MWEB in Litecoin Core v0.21.3 signifies more than just technical advancement; it embodies Litecoin's unwavering commitment to user privacy and security. With the introduction of CRYPTOCAP:LTC Suite libraries facilitating seamless integration and validation of MWEB details, Litecoin is poised to redefine transactional standards in the crypto sphere. Mixed Market Sentiment Despite the revolutionary potential of these advancements, Litecoin's ( CRYPTOCAP:LTC ) price has experienced a modest decline, reflecting a cautious stance among investors and the wider community. While some may adopt a wait-and-see approach, others view this as an opportune moment to embrace Litecoin's vision for a more private and efficient future. Technical Analysis CRYPTOCAP:LTC is trading above its 200-day Moving Average with a Relative Strength Index (RSI) of 74 signaling a strong bullish bias. CRYPTOCAP:LTC is poised to continue the bullish trend. In Conclusion As Litecoin ( CRYPTOCAP:LTC ) embarks on this transformative journey, the stage is set for a new chapter in its evolution. With PSBTs and MWEB paving the way for heightened privacy and efficiency, Litecoin stands poised to reclaim its status as a pioneering force in the cryptocurrency landscape. Whether viewed as a cautious pause or an opportunity for visionaries, one thing remains clear: the future of Litecoin shines brighter than ever before.
COINBASE:LTCUSDLong
by DEXWireNews