ltcusdsimple market idea, i still see this market goin down ,until the u.s election then we might see a bullish move.
LTCUSD trade ideas
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.
Litecoin Short: Breakdown of H&SFirstly, beware of volatility from upcoming FOMC.
From my analysis using 15 mins timeframe, I can see a clear head and shoulders setup that has broken through. Using a standard measuring rule of 1-to-1 distance (distance from head to trendline), I project that the take profit target will be around $59.75.
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
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Feel free to share your thoughts and ideas in the comments below!
PRICE AT MEDIUM TERM TRENDLINE (LONG WITH MINIMUM RISK)Price has made multiple touches on the rising trendline.
At current level long entries will have minimum risk reasonably placed below the breakpoint.
Trade safe, good luck
LTCUSD View!!Danny Ryan, a prominent researcher at the Ethereum Foundation, has announced his resignation after seven years of work within the Ethereum ecosystem.
Ryan played a pivotal role in Ethereum’s transition to a proof-of-stake consensus system, most notably during “The Merge,” which marked the blockchain’s shift away from proof-of-work.
Ryan cited personal reasons for his departure, emphasizing that his decision is not a critique of Ethereum or the broader cryptocurrency space.Ryan to Search for New Opportunities
LTC could be telling Market StrngthLTC is sitting in a place that looks ripe for reversal. This could be a signal for the greater market as LTC tends to front run the market at times. Keep an eye on this old timer original alternative coin.
Litecoin #LTCUSDT Price PredictionWhat I'm watching on LTC price actions give me a HIGH PROBABILITY scenario for liquidating price another leg down to the previous ranges and unmitigated imbalanced price. What do you think?
Not a Financial Advice, Just for having fun !!
LTC: Bull and Bear countsLTC long form consolidation is making things very difficult to apply Elliott Wave counts. The consolidation looking like a long triangle, which can be wave 4 or wave B. Triangles can take a long time to complete and usually designed to make life difficult for traders and investors. So, keeping that in mind, bull count is in Blue and bear count is in Red.
Triangle invalidation as well as a confirmation on either bull or bear side will be a break over either $116 or below $41. Bear count might take longer to complete than bull count.
Litecoin - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening.
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
LTC, see you up there Hello from the other side of the trend line.
Wen Moon ?
Moon soon enough
Hashrate at ATH
Approx. 800 days of accumulation
Watch Bitcoin
Next breakout attempt might be the one
See you up there :)
That's it, that's the publication - Good night
LTCUSDCurrently on LTCUSD on the monthly timeframe price has taken out the previous month low and closed above it, also doing the same thing on the 6-months' timeframe indicating a strong support level to the upside to take out all those highs.
LTCUSD SELL ANALYSIS DOUBLE TOP PATTERNHere on Ltcusd price has form double top pattern showing that is likely to fall also looking at the chat there is resistance form around 68.08 and this could trigger selling.If line 59.05 break there is high chance of falling so going for SHORT is expected with target profit of 49.52 . Use money management
Litecoin - Short-term Bullish CampaignLitecoin is dropping hard and just reached the last line of local support at $60.70. We estimate that this key-level support is going to hold it's ground and push price action to an upside reversal. We pull the trigger on a new bullish campaign, targeting $66.65
LiteCoin / U.S. Dollar | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
LTCUSD BUY SIGNAL ANALYSIS ELLIOTT WAVE Here on Ltcusd price has formed uptrend and and made support around level of 62.248767 and keep going up .According to Elliott wave which indicate up so going for LONG is needed and target profit should be around 73.173347 level. Use money management.
LTC ANALYSISMartClues AI Analysis: Approaching Support Level
Trade Setup:
As of Aug 27, 7:00 UTC, the price is approaching the support level of 62.7882. The pattern is still forming, and a possible bearish movement towards this support level is anticipated within the next 2 days.
Pattern: Approaching Support
When the price approaches a significant support level, it may either reverse or break through. Traders should watch for price behavior at this support level to determine whether the price will bounce back or continue downward. A bearish movement towards this support level suggests a potential decline, but confirmation is needed.
Trend and Momentum:
Short-term Trend: Bearish (if the support level is breached)
Medium-term Trend: Depends on price reaction to the support level
Long-term Trend: Monitoring for potential changes
Support and Resistance:
Nearest Support Zone: 62.7882 (current support level)
Nearest Resistance Zone: Levels above the current support should be monitored for potential reversals or breakouts.
Take Action:
Monitor how the price interacts with the support level of 62.7882. If the price shows signs of breaking below this support, consider adjusting your strategy to account for further bearish movement. Set a price alert to track any significant changes and update your trading approach based on the latest developments.
LTCUSD: X1X2 Strategy Shows 62% Probability of New Highs!Recent economic developments and market trends are aligning to create a potentially favorable environment for Litecoin (LTC) to reach new heights.
By using X1X2 method, I aim to increase the likelihood of successful trades as we target Litecoin's all-time high. The combination of a supportive economic environment and strategic use of probabilities in technical analysis creates an exciting opportunity for Litecoin longs.
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Your ideas and feedback are welcome - let's discuss in the comments!
LTCUSD / Lite coin Bullish Robbery plan tp steal the moneyMy Dear Robbers / Traders,
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Stop Loss : Recent Swing Low using 4h timeframe
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LTCUSD SUPPORT AND RESISTANCE SELL ANALYSISHere on Ltcusd price has reached at resistance zone around area of 67.79 and is likely to fall as to complete the previous support so going for SHORT is needed and targeting profit should be around area of 66.15 and 64.64 . Use money management.
Short trade
Trade Idea...?
Date & Time: Wednesday, 14th August 2024, 12:00 PM
Session: Tokyo to London Session
Revised Stop Loss: Adjusted due to slippage (0.94%)
Entry Price: 63.45
Profit Target: 50.28 (20.76%)
Stop Loss: 65.00 (2.44%)
Risk-Reward Ratio: 8.55
LTCUSD / REMAIN BELOW TURNING LEVEL - 4HLTCUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 68.30 .
Turning Level: The price is currently trading below this level around 68.30 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 73.17 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 68.30. If the price reaches 73.17 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 76.44 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 79.83 .
Support Level (1): As long as the price remains below the turning point of 68.30, it suggests a drop towards 61.62 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 57.61 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 52.93 .
Channel Trend: the trading rate within the descending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 73.17, 76.44 , 79.83 .
SUPPORT LEVEL : 61.62 , 57.61 , 52.93 .
