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LTCUSD trade ideas

ltcusd h16 halving was a non-event now we dump🔸Hello traders, let's review the 16hour price chart for LTC today. Halving was a non-event and degen dreamers and gamblers got rekkt once again, sorry about that. 🔸Past history of LTC halvings show that we dump into red after the halving. there is no bullish impact on prices of litecoin. currently distribution in range trading near 85 USD. my final PT bears is 60 USD. 🔸Recommended strategy LTCUSD bears: wait for a bounce later to initiate from 80 USD and rejection after the bounce near 95-100 USD and re-short from resistance. Conservative TP bears is 60 USD. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:LTCUSDShort
by ProjectSyndicate
37
LITECOIN Halving only a few hours away! Is it bullish or not?Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC. The previous two Halvings were on August 05 2019 (Halving 2) and August 25 2015 (Halving 1) respectively. All halving events have caught the price on a pull-back after a break above the 1W MA100 (green trend-line) with the 1W MA50 (blue trend-line) supporting. During the previous two, the price managed to reach the 0.5 Fibonacci retracement level, while on the current Cycle it came $25 shy of it. It appears that the current Bull Cycle has started on a slower pace than the previous two, as also illustrated on the 1W RSI, which hasn't yet crossed the 70.00 overbought barrier. They key is the Lower Highs trend-line, which on all Halvings made contact with the pre-Halving Lower High and once broken the price never made a Lower Low again. If you want to take the safest buy entry possible, wait for that break-out to happen. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LTCUSD
by TradingShot
3
Crypto Market in 24 Hours: Bright Outlook ⛅, LTC Halving LoomSunny trading conditions with a few scattered clouds ⛅ prevail on the global crypto market in the next hours and days, signaling a slightly bullish market with upside potential. Cryptos rebound following Tuesday’s sell-off. Bitcoin rises 2.3%, and Ethereum puts on 1.1% in the past 24 hours. The price of Bitcoin fell below the psychological $29,000 threshold due to the SEC lawsuit against a crypto entrepreneur and the dollar's strength ahead of US macro data release. Litecoin halving looms later today, diminishing the coin's mining reward. 🚀💰 Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
Trapped in a range, Will LTC resurface above $100?The LTC price is currently in a consolidation phase on the 4-hour chart, with a trading range between $88 and $95. The price has experienced a 3.97% fall, indicated by three consecutive bearish candles. Despite the bearish phase, there are signs of a potential early reversal, supported by the declining trend in the 4-hour timeframe. The RSI line shows a bullish divergence, indicating a possibility of upward momentum. If the buyers fail to maintain dominance at $88, the LTC price may test the $82 level and then potentially retest the $72 support. On the positive side, a bullish reversal breaking above $95 can lead to a breakout rally, pushing the LTC price to $104. Sustaining the breakout rally above $100 could lead the buyers to drive the uptrend further, challenging the previous swing high at $113.
COINBASE:LTCUSD
by Coinpedia-Market-Insight
✴️ Litecoin Halving 2023, What About The Chart?What is the chart saying as Litecoin approaches its halving event? Yesterday was a good day for Litecoin because a candle wicked below EMA10/21/50/100 but managed to close above it. Sellers jumped in but were fully negated. Buyers showed up in drove. The day (1-Aug.) ended green and with above average volume, which are great bullish signals. Looking at these signals together with the MACD can be useful: The MACD is showing a young bullish cross and the histogram has gone green. Noting by looking back that each time the histogram goes green it stays green for a while. Never it goes green for a day and then red... Meaning that prices are ready to grow or at the least the MACD is set to move higher which precedes a price jump. To be fair these signals are not that strong. These signals are good but mild... It is better mild bullish signals than weak or strong bearish signals. The fact that the signals are bullish is what counts and the fact that Bitcoin is gaining bullish momentum as it moves up. What one does, the rest follows. Cryptocurrency is set to grow in August 2023. Easy. Very strong negative news, yet nothing falls. When negative news fail to affect the market, it becomes the inverse, a strong bullish signal... That's another point for the upside. If you wait patiently, you will see exactly what I am saying drawn on the charts. How will you use this information? To make money of course. Namaste.
COINBASE:LTCUSDLong
by AlanSantana
LTC - The #Halving is Around The Corner ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LTC has been trading within a significant range between 85 and 100. Currently, from a short-term perspective, LTC is showing a bearish trend as it is trading inside a descending red channel. The upcoming LTC halving is worth considering (in 24 hours), and two potential scenarios can be anticipated: 📈 Scenario 1: Bullish Takeover - Medium-term perspective For the bulls to gain control in the medium-term, we need to observe a daily momentum candle closing above the key round number of 100.0. 📉 Scenario 2: Short-term Buying Opportunity In parallel, if LTC's price approaches the demand zone near 83.0, we may look for short-term buy setups on lower timeframes. This could present an opportunity for traders to capitalize on potential price rebounds from the support level. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:LTCUSD
by TheSignalyst
19
LTC Swing Short to $75 for Aug. 2 Halving This LTC trade was posted several weeks ago with short trade setup centered around the August 2 LTC halving. There is a repetitive cycle in which LTC consistently drops leading into its halving event. LTC peaked at $114 for the best short entry, which was caused by a false narrative that LTC would pump to $130 There was a second chance opportunity to short LTC at $100. The orange trendline is acting as a key resistance level, but LTC is showing bullishness and has broken this resistance line for now. The white trendline is acting as support, but this support level has broken already and is weak support. Target Price TP 1 I’m looking for some bearishness in August with a drop down to the yellow trendline with an estimated price of $75.
BINANCE:LTCUSDShort
by realchartchamp
Buying Litecoin at trend line support.Litecoin - 24h expiry - We look to Buy at 91.51 (stop at 89.11) Trend line support is located at 91.40. Bespoke support is located at 91.50. We look to buy dips. Intraday signals are mildly bullish. Expect trading to remain mixed and volatile. Our profit targets will be 97.51 and 98.51 Resistance: 93.50 / 95.00 / 96.27 Support: 93.00 / 92.00 / 91.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:LTCUSDLong
by VantageMarkets
LTC, would you make up your mind? PLEASE?In 2 days we have a halving. Although prior LTC halvings have not produced all time highs ... they have spurred a local rally. This one seems to have fizzled out prematurely. But you have to ask, what was with all that volume several weeks ago that resulting in a 40% inter-day increase??? That is a lot of money, and what was the strategy there? I've identified a possible channel for the bullish scenario, and how a break to the bottom leads to a correction for LTC following the halving ... let's see. I hope there is still life in LTC. Not trading or investment advice. Trade at your own risk.
COINBASE:LTCUSD
by MAGICMARK
Litecoin Targeting Weekly ResistanceTend Bullish Litecoin price has a weak spot that could implode with LTC diving 15% The network has gained more than 300,000 new addresses in the first week of May. The next Litecoin halving is scheduled for August 12 tentatively, and such events have been synonymous with price rises. Litecoin price, despite having a major event coming up in about three months, is still mostly following the broader market cues. However, the altcoin’s investors have been growing bullish by the day, and the same is visible in their participation, which is currently far higher than the average. In the first week of May, the Litecoin network noted the addition of nearly 300,000 new addresses that hold some amount of LTC. This is a nearly 300% jump from the average weekly rate, as throughout the last month, the network only added a total of 300,000 addresses, bringing the weekly average to 75,000. The total addresses holding a balance now stand at 7.56 million, and the possibility of the same rising further is high. This is because the “silver to Bitcoin’s gold” is set to go through its third halving event, wherein the reward for validating a block will be slashed by 50% from 12.5 LTC to 6.25 LTC. These events have been synonymous with price rises, as observed in the past in August 2015 and August 2019. Thus by the looks of it, crypto investors are preparing to bank on this potential and make profits by joining the network. This could prove to be bullish for the price action as well, as investors could likely accumulate further, given Litecoin price is low right now. As it is, the Relative Strength Index (RSI) is nearing the oversold zone, below 30.0. A move into the zone followed by an exit would confirm a reversal in trend, triggering a recovery rally. If this situation plays out over the next couple of days, Litecoin price might be in for a rally.
CAPITALCOM:LTCUSDLong
by DaveBrascoFX
6
LTC Halving in under 2 weeks! An overview of previous occurences The next halving of Litecoin is set to occur on August 2, 2023, where the block reward for mining LTC will be reduced by 50% from 12.5 LTC to 6.25 LTC. This means that LTC miners will receive half the number of LTC for their mining efforts, effectively controlling the inflation rate of LTC and manage its supply over time. Like #Bitcoin, #Litecoin operates on a deflationary monetary policy. Most traders view this as a bullish event, but as the chart shows, the halving event is a known event , and has likely already been priced into LTC's current price. During past halving events, we can see that price started rallying a couple months in advance of the halving. For example, the first LTC halving occurred on August 25, 2015 , however the price actually peaked and had a blow-off top in June 2015. From the previous cycle low, it rallied close to 274% before declining 42% post-halving. The next halving occurred on August 5, 2019. Once again we see that price actually peaked a couple months prior, in June of 2019. From the cycle low of that year, LTC rallied 440% to a high of $150 before again experiencing a blow-off top and declining 75% back to $35-40. Although there is not a lot of historical data to go on, we are experiencing a similar situation now,. From low earlier this year of $50 , price rallied 125% to a peak of around $115 a couple of weeks. Last week LTC declined by -16%, and with two weeks to go before the next halving I do believe we have seen the top for now. Going by prior iterations, we could see even further price depreciation, perhaps back to the range lows of $75.
BITFINEX:LTCUSDShort
by bfridman8989
3