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
LTCUSD trade ideas
LITECOIN - Buy IdeaThe breakout above the key-level of 66.00 is a bullish indication for further upside moves in the pipeline. The next major key-level resistance is at 72.00. That is where were heading with this new buy position.
Litecoin Surge 5% on Speculation of An ETF Filing Litecoin ( CRYPTOCAP:LTC ), the pioneering Proof-of-Work (PoW) digital currency, has recently gained renewed attention following Canary Capital’s filing of a spot Litecoin ETF application with the U.S. Securities and Exchange Commission (SEC). This marks a significant milestone, as it's the first of its kind in the United States, potentially offering investors institutional-grade exposure to the cryptocurrency.
Canary Capital, a U.S.-based asset management firm, filed the Form S-1 with the SEC, naming the product the Canary Litecoin ETF. This filing follows a similar push from the firm earlier this month for an XRP ETF, signaling growing interest in expanding regulated funds tied to digital currencies.
Litecoin’s Unique Position in the Market
Litecoin ( CRYPTOCAP:LTC ), launched in 2011, is one of the oldest and most battle-tested cryptocurrencies. Its blockchain boasts a 100% uptime, making it a reliable digital asset in a market known for volatility and disruptions. Despite its longevity and utility status, Litecoin’s influence has waned in recent years, with newer blockchain projects overtaking it in rankings and market share.
However, Canary Capital sees this as an opportunity. In its filing, the firm expressed strong confidence in Litecoin's enterprise-grade utility, citing its scalability and resilience as reasons why an LTC ETF could offer investors significant value. While the approval odds for such products have historically been low, especially in the U.S., Litecoin’s status as a commodity could work in its favor. This distinction may allow the SEC to approach the application with a more favorable outlook.
Implications for Litecoin ( CRYPTOCAP:LTC )
In the wake of the ETF filing, Litecoin's price saw a significant 6.5% surge, reaching $71 within 24 hours. Historically, institutional interest in cryptocurrencies, especially through ETF filings, has driven substantial price action. Should the Canary Litecoin ETF gain approval from the SEC, it could trigger a broader rally for the digital asset.
Though the market has yet to see how the SEC will respond to this proposal, investors are optimistic. Historically, cryptocurrency ETFs have faced regulatory hurdles, but a successful approval could pave the way for Litecoin to reclaim its place among the top-tier digital assets.
Technical Outlook
On the technical front, Litecoin ( CRYPTOCAP:LTC ) is showing signs of gearing up for a significant move. As of this writing, CRYPTOCAP:LTC is up 4.19%, trading within a tight rectangular pattern, a sign of indecision among traders despite the coin's recent gains. However, Litecoin ( CRYPTOCAP:LTC ) is forming a bullish symmetrical triangle on the daily chart, a classic technical indicator that often precedes a strong breakout.
This potential breakout could be triggered if CRYPTOCAP:LTC breaches the triangle’s upper resistance, which aligns with the pivotal price point of $75. If Litecoin ( CRYPTOCAP:LTC ) manages to break above this key level, it could ignite a renewed bullish campaign, with the next significant price target set around $100. Given that Litecoin's all-time high (ATH) was $412.96 in 2021, a return to those levels could represent a substantial upside for investors.
Fundamental Catalysts
In addition to the technical indicators, fundamental factors could further drive Litecoin's price upward. The filing of the ETF proposal adds legitimacy to Litecoin’s role in the broader crypto ecosystem. Furthermore, as interest in digital currencies continues to rise, an approved ETF could increase demand for CRYPTOCAP:LTC , attracting both retail and institutional investors.
While Litecoin ( CRYPTOCAP:LTC ) has lost some of its luster compared to newer blockchain projects, it remains a solid, reliable asset with a strong track record. The combination of technical signals and the potential for regulatory approval makes Litecoin a cryptocurrency to watch closely in the coming months.
Conclusion
The Canary Litecoin ETF filing has already generated significant excitement among investors and could mark a turning point for $LTC. With a strong technical setup and bullish fundamentals, Litecoin ( CRYPTOCAP:LTC ) seems poised for a significant rally if the ETF gains approval from the SEC. For long-term holders and traders alike, Litecoin’s resurgence could be one of the major stories of the upcoming crypto cycle.
LTCUSD: Strong Bullish Momentum with 68.87% Probability for TP1!I’m optimistic about Litecoin (LTCUSD) right now, and here are some compelling reasons to consider this trade:
- Market Recovery: The overall cryptocurrency market is bouncing back, with many coins, including Litecoin, showing positive price movements after recent dips.
- Growing Adoption: More people and businesses are starting to use cryptocurrencies for transactions, which could increase demand for Litecoin.
- Tech Improvements: Litecoin is undergoing updates that make it more efficient and user-friendly, attracting more interest.
- Positive Sentiment: Many analysts are optimistic about the future of cryptocurrencies, suggesting that prices could continue to rise.
To get positioned for long trades on LTCUSD, I rely on probabilities based on historical data in a mechanical trading system.
In short, my bullish outlook on LTCUSD is supported by strong market fundamentals, and by using probabilities from historical data, I aim to position myself effectively for potential long trades.
Please share your ideas and charts in the comments section below!
12M:
2W:
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Litecoin - Sell Idea (Short-term)The weekly closing bar had been successful breaking below the key-level support of $65.94. That indicates more downside potential in the pipeline. We're jumping into a short position, targeting the next big support at $61.21
LTCUSD Will Go Up! Long!
Please, check our technical outlook for LTCUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 64.86.
Taking into consideration the structure & trend analysis, I believe that the market will reach 71.34 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour.
All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal.
Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles.
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LTC/USD Faces Bearish Pressure After New One-Year LowHello,
LTC/USD recently hit a new one-year low at 50.085 and has since experienced sideways movement. All indicators suggest a bearish continuation unless we can maintain a stable position above the one-month pivot point.
TradeWithTheTrend3344
Litecoin — ATH scenarios for 2024 and 2025Often referred to as "the silver to Bitcoin's gold," COINBASE:LTCUSD is the 2nd-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, and engineered for fast, secure and low-cost payments.
The next LTC halving is expected to happen on August 2023.
A CLEAR change of direction on litecoin, to clear the liquidity A clear of change of character spotted in 4hr timeframe, using the premium fibb tool area, to measure if it has picked up the premium buy in area, then looking out for change of character in 1hr, and redefine the area of interest.
LTCUSD View!!Japanese investment firm Metaplanet declared Monday that it to its portfolio for 1 billion yen ($6.7m).
This acquisition raises the firm’s total Bitcoin holdings to 639.5, valued at 5.96 billion yen, or about $40m.
*Metaplanet purchases additional 108.78 * — Metaplanet Inc. (@Metaplanet_JP) Bitcoin-Focused Treasury Strategy Mirrors MicroStrategy’s Approach
Metaplanet has for a while been aggressively pursuing a Bitcoin acquisition strategy. This move marks a shift in how it manages its corporate treasury. Metaplanet, also known as “Asia’s MicroStrategy,” appears to follow the bold Bitcoin investment approach championed by Michael Saylor.
The final minutes of overtime - LTC - POWPoW vs PoS / proof of scam
we see value in hard work
the good
in good we trust
work for the future and work will set you free
Litecoin (LTC), imminent collapse to $30?And possibly below $10 after that?
Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time:
1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more value.
2) XLM -90%
3) HBAR -95%
4) ADA -95%
5) NEO -95%
6) ETH -75% (massively bearish still!)
7) SOL -96%
It is everywhere you look, 95% corrections are all over.
Currently Litecoin is at an 85% correction. 95% takes price action to $15. Inflation adjusted, less than $10.
The technical analysis also supports the outlook. On the above 10 day chart:
a) A significant trend-line support has broken (orange line). Over the last 10 years Litecoin has enjoyed a continuous uptrend. The support has now failed AND confirmed. Yes price action could rally to $130-140, the bulls would get excited. Regardless, breaking this confirmed resistance will not be easy.
b) The 2nd bear flag breakout. It has confirmed. A 70% correction from the exit point measures to $28.
c) If support at $28 does not confirm, the next support is just under $10, the full 95% correction like everything else.
Is it possible price action continues sideways? Sure.
Is it probable? No.
Ww
LTCUSD Bearish GartleyOn the daily chart, LTCUSD formed a bearish Gartley pattern. At present, we can pay attention to the resistance near 71.5. If it rebounds and does not break, we can consider continuing to short. The downside target is around 62.0. After breaking it, the support below is around 59.0.
Head Winds at 74Nascent break above the AVWAP. I see head winds at 74 with a support area turned to resistance.
Litecoin consolidation: what to expect █ OVERVIEW
For now, the market seems indecisive, and LTC is trading within a well-defined range. Watching for a clear breakout above or below the current support and resistance levels is essential for understanding the next potential move.
█ CONCEPTS
1 — Trendlines
Downtrend: From the all-time high in 2021, Litecoin has been in a clear downtrend, marked by a series of lower highs and lower lows. Each subsequent peak has been lower than the last, indicating bearish momentum.
Current Range: LTC seems to be consolidating within the $51.71 to $66 range. The sideways movement indicates that the downtrend might be losing steam, but a breakout is yet to be confirmed.
2 — Support and Resistance Levels
Current Range: The price is hovering around $66.22, which is just above the $51.71 support level. The range between $51.71 and $66.22 represents a support zone where buyers are stepping in to prevent further decline.
Resistance Levels: Immediate resistance appears to be around $112.37 (the next target if price breaks out from the current range). Higher resistance points are at $142.71, $161.10, and $188.68.
3 — Volume Analysis
Volume : The current volume, as noted on the chart, is 94.883K, which appears relatively lower compared to the previous spikes seen during significant price movements (especially the rallies in 2021). This decrease in volume suggests that market participation is lower, indicating possible consolidation or indecision among traders.
If volume increases during a breakout (up or down), it would confirm the direction of the move. Watch for spikes in volume around key levels, as these would signal whether the price will break through resistance or fall below support.
4 — Moving Averages (MA)
Short-Term Moving Average s (e.g., 50-day): If LTC is currently trading below the 50-day moving average, it indicates bearish sentiment in the near term. A crossover above the 50-day MA would suggest a potential reversal.
Long-Term Moving Averages (e.g., 200-day): LTC may be trading below the 200-day MA, which typically signals a longer-term bearish trend. If the price moves above this level, it could indicate the beginning of a recovery phase.
5 — Chart Patterns
Descending Triangle: There might be a descending triangle pattern in play (a series of lower highs with a flat support level). If LTC continues to bounce off the $51.71 level but forms lower highs, this suggests the market is compressing. A breakout below $51.71 could lead to further downside.
Consolidation/Range-Bound Market: The current sideways trading between $51.71 and $66.22 shows consolidation, which is typical after large downward moves. A breakout from this range would indicate the next directional move.
6 — Momentum Indicators
RSI (Relative Strength Index): RSI is at 53.2 approximately, neither oversold or overbought.
7 — Classical Price Projection
If LTC breaks above $66.22, the first target would be $112.37. The move between these levels could take time, but a sustained breakout with increasing volume would signal bullish momentum.
Conversely, if LTC breaks below $51.71, the next major support would be around $43.00, followed by $29.31, indicating a continuation of the bearish trend.
█ Summary of Key Technical Signals:
Bearish bias persists from the long-term downtrend, but the current range-bound market shows potential for consolidation or reversal.
Watch the $51.71 support: If LTC holds above this level, a bounce toward $66.22 or higher resistance levels is possible.
Volume confirmation is critical for any breakout. A price move with strong volume will give clues about the future direction.
Moving averages and momentum indicators (like RSI) should be checked to confirm whether the market is gaining bullish strength or continuing its bearish trend.
is litecoin to rise?CRYPTO:LTCUSD
77.5 level marked, if it sustain above that level then next level is 113.
note:
don't trade with these marked levels, please trade with your own analysis and responsibility.
LTCUSD view!!Popular Solana meme coin DogWifHat ( CRYPTOCAP:WIF ) is the best performing among the big five doge-themed meme coins this week with a blistering 18% advance on its price this time last Friday.
The $1.8 billion market cap token, which is currently the fourth largest meme coin in the world, added 3.4% in the last 24 hours and now changes hands at around $1.80.
By contrast, sector leader and original meme coin Dogecoin ( CRYPTOCAP:DOGE )—by far the largest meme coin with a market cap of $15.4 billion—only added 0.3% to its price both in the last 24 hours and in the last seen days. DogWifHat ( CRYPTOCAP:WIF ) Price Analysis
ltcusdsimple market idea, i still see this market goin down ,until the u.s election then we might see a bullish move.
Which way will it go?LTC has been forming under the skin for a while now. I give it less than a week before it reaches its apex then POP!
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg HaShort term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower unfolded as another double three in lesser degree. Down from wave X, wave ((w)) ended at 18825.75 and wave ((x)) ended at 19150.50. Wave ((y)) lower ended at 18338.45 which completed wave Y of (2) in higher degree.
The Index has turned higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave ((i)) ended at 18927.5 and pullback in wave ((ii)) ended at 18547. Wave ((iii)) higher ended at 19813.50 and pullback in wave ((iv)) ended at 19529. Near term, expect Index to extend higher to end wave ((v)) and this should complete wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.7.2024 low in 3, 7, 11 swing before it resumes higher.
