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LTCUSD trade ideas

Litecoin Long Term Bullish (Inverted Chart) Fundamentals: This trade idea concerns everyone's favorite altcoin, Litecoin. While Litecoin's historical halving cycles offer valuable insights, it is crucial to consider the evolving market dynamics and potential deviations from the expected patterns. The increasing usage of Litecoin for transactions, as demonstrated by its surpassing of Bitcoin on Bitpay, highlights its growing relevance and utility. Additionally, Litecoin's classification as a commodity by the CFTC and the launch of EDX exchange backed by major tradfi institutions strengthen its position within the financial ecosystem. By critically analyzing these factors, investors and market participants can gain a more comprehensive understanding of Litecoin's market outlook and make informed decisions based on the current context.
KRAKEN:LTCUSDLong
by Theinvertedtrader
LTC - 2023 Halving playThe first LTC bottom took place 224 days before it's first halving, and it pumped ~800%. It topped out around 40 days before the halving, and subsequently dropped around ~75% in the months that followed. The second bottom took place 245 days before it's second halving and it pumped ~600%. Once again, it topped out around 40 days before the halving, and subsequently dropped around 85% in the months that followed. If this pattern plays out a third time, I predict the following: 1. LTC will reach it's bottom around ~235 days before it's next halving, some time in late December of 2022 and early January of 2023. 2. It will bottom out between $25 - $30. 3. It will top out between $110 - $130 in early July of 2023. 4. It will subsequently drop back down to low $30s in the months that follow.
BINANCE:LTCUSDLong
by fritzz
2
LTC/USD: Buyers in Control Following Recent YTD Pinnacle?Daily Timeframe - Technically, LTC/USD has gradually trended higher since bottoming in mid-June at $40.32 (2022). At the beginning of last week, we also saw the unit refresh YTD highs at $114.98, though we did spend the remainder of the week giving up ground. Friday ended with testing support from $95.13, which, as you can see, attracted moderate dip buying. Failure to defend this level opens the possibility of testing demand at $84.65-$87.40, an area that currently shares chart space with the 50-day and 200-day simple moving averages at $89.38 and $87.83, respectively. We also observed the 50-day SMA rebound from the 200-day SMA in late June (many were calling for the possibility of a Death Cross at this point ). However, validating this signal would be difficult, given that the pair has been somewhat directionless since mid-February, formed by way of a symmetrical triangle (sometimes referred to as a coil or isosceles triangle), which, incidentally, welcomed a breakout to the upside at the end of June. But, because of last week’s correction, we are now back within the space of the symmetrical triangle. It is important to consider that the breakout higher may have simply been a whipsaw/fakeout (common with symmetrical triangles). Ultimately, given the uptrend in play, and because of the recent YTD high and breakout above a reasonably long-term symmetrical triangle, as well as support offering a floor from $95.13, buyers could emerge from current price this week. The caveat to this, of course, is that the demand seen at $84.65-$87.40 offers more of a technically confluent area, with both the 50-day and 200-day SMAs nearby (possible support) and, thus, could haul price action lower towards this region before buyers step in.
COINBASE:LTCUSDLong
by Aaron-Hill
LITCOIN IS IN A MAJOR HISTORICAL TR Litecoin technical analysis One of the noisy currencies of the past days is Litecoin, which grew by nearly 70% in less than 1 month. Litecoin is fluctuating between the price range of $65 and $100 in the daily time frame. Considering the few days left until the halving for this coin, if the ceiling of the trading range is broken, we expect to move up to the resistance area of $130 and $162. Otherwise, in the short term, Litecoin can move towards the support area of the floor of the trading range, i.e. 65 to 70 dollars. Considering that the trading range shows the indecision of traders, you should wait for the right opportunities to enter the trade in the case of a break. be the roof or floor of the channel. Major supports: $70 and $65 Major resistances: $100 and $115 NFA.
BINANCE:LTCUSD.P
by Ashkanmz2021
Buying Litecoin at trend of higher lows.Litecoin - 24h expiry - We look to Buy at 90.51 (stop at 86.51) Trend line support is located at 90.40. We look to buy dips. Short term bias is bearish. Prices expected to stall near trend line support. Daily signals are bullish. Our profit targets will be 100.51 and 102.51 Resistance: 98.00 / 100.00 / 103.50 Support: 94.14 / 91.50 / 90.00 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
✴️ Litecoin | A Closer Look At The Current CorrectionFour days Litecoin printed really strong bearish candles. The green candle 30-June was even stronger. Strong up, strong down. Today we are seeing the first green candle after this retrace started. Can Litecoin resume growing now or will it continue lower? Let's see what the chart has to say. I looked at the volume using other pairs. While the volume 30-June is huge, the retrace volume is just average; One point in favor of the bulls. All the indicators continue bullish and the bounce is happening exactly at EMA21 (a retest) and 0.382 Fib. retracement. Seeing that similar action took place late June, it is possible to see Litecoin moving forward from this point. It is still hard to say with certainty though because this is short-term. What is easy to say with certainty is that we will get a higher high next... The retrace can become extended but the bulls are not done yet. Regardless of the very short-term, we go up. Namaste.
CRYPTO:LTCUSDLong
by AlanSantana
Litecoin to $32 next-I can see this coin going to $32 fairly quick if this were to be the end of W4 and the start of W5. If price were to go through the (blue resistance line) then we will adjust the chart. Rejection has already happened at this line so we should expect downside coming. This downtrending channel has been going on since 2021 and is more than likely going into 2024. Once W5 is complete we should be able to capture plenty of gains, but we have to stay patient. I would not be a buyer of this coin.
COINBASE:LTCUSDShort
by UnknownUnicorn910751
1
Litecoin presents an interesting setup After finding its low at $40.32 in June 2022, Litecoin rose over 160% within the span of a half-year. However, since the February 2023 high at $105.69, Litecoin’s price trend has been erratic. Litecoin has been oscillating between the two converging bounds, forming an interesting setup that caught our attention. For now, we would like to stay out of the market and observe the situation. Ideally, we would like to wait for the price to approach one of the boundaries of the formation and then assess the opportunity. Illustration 1.01 Illustration 1.01 displays the daily chart of LTCUSD. Two converging lines can be seen forming a pattern that resembles a symmetrical triangle. Technical analysis gauge Daily time frame = Neutral Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
COINBASE:LTCUSD
by Tradersweekly
13