LTC Litecoin will pump to 84 USDI bought litecoin here at 67USD, Expecting 84 USD.
Long term target would be more than 800 USD
LTCUSD trade ideas
Litecoin- Ideal place to sell for 1:3 R:RI was bullish on Litecoin since 2 days ago and thought it will rise to the 95-100 zone.
However, the coin started to look tired and I closed my trade just above 80.
In my opinion, crypto bulls are not out of the woods and a new wave of strong selling could follow in the near future, so I'm preparing for this scenario.
In Litecoin's case, looking at the chart, we can see that the resistance above 90 is very strong, and in that place, I will look for short opportunities.
Considering a new visit of 50 support such a trade would have a 1:3 risk: reward
LITECOIN is moving, everyone should be happy!Everytime Litecoin outperforms Bitcoin (shown by the orange line), a new Bull Cycle starts. This has been historically holding since 2015. We can claim that an LTCUSD channel up is an early buy signal for BTCUSD. And right now LTC is in a similar rising channel as in January-June 2015 and January-June 2019!
Bitcoin is most likely in an accumulation period ready to start a big rally.
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LTCUSD Is a Good Bet Right NowI saw this in a prior analysis but thought I would elaborate a bit.
The horizontal in 2017 was a period of low volatility, extremely low. But it was a great place to buy. Price pumped to about $300.
The horizontal seen today shows low volatility again, on a grander scale. Can the pump points be compared?
As digital currency enters the mainstream Litecoin will win in this setting.
LTCUSD - MA Convergence MA Convergence and subsequent trend reversal
These crosses are referred to as golden crosses
Daily chart
Further charts for LTC below
LTCUSD short crypto market is falling. ltc coin cannot grow alone. A drop down is expected to test the previous bottom
LTC next movement Ltc is looking bullish making a bull flag a successful break out will lead it towards my target 🎯
LiteCoin Is Looking HigherLitecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th.
Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware of further rise at least up to 90 area for wave C, if not even above 100 for wave 3.
Don't forget, risk-on sentiment seems to be back in the game, as stocks are recovering and USD is losing its power that can be easily in favor of Crypto.
A catalyst for even further weakness of the buck in the last two sessions are FOMC minutes in which members noted that they will be careful with hiking rates going forward. This sounded dovish so US yields came down, notes higher which had a negative impact on the USD and a positive on stocks. So lower USD can definitely help cryptos, especially those that are doing well for the last few days, such as LTC.
All the best!
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LTCUSDTIt is expected that the rise to the specified areas will be a corrective rise, not an impulse, including the drainage of another strong last downward process
Litecoin (LTCUSD) Testing 1.5 YR+ Downtrend ResistanceLitecoin is breaking out above a major downtrend resistance connecting the May'21 and Nov'21 highs. The last pre-halving rally began roughly 7 mo before peaking (Jun'19) 2 mo ahead of the Aug'19 halving. If LTCUSD behaves as it did last cycle, w/ the next halving occurring Aug'23, and the pre-halving rally ending ard Jun'23, the 7 mo pre-halving rally has likely begun.
BINANCE:LTCUSD
LITECOIN: Doing the heavylifting of the new Bull CycleThe Litecoin has been testing the 1W MA50 (blue) line in the past two weeks for the first time since November 2021, indicating the bearish pressure that the market has been through these past 12 months.
This goes against the heavy selling pressure on Bitcoin and other high capitalization coins. We've mentioned countless times that LTCUSD tends to do the initial rise during Bull Cycles and this times is no exception as it is doing the heavylifting as the market is entering its new Bull Cycle.
In previous rallies, every time the 1W MA50 broke, the price also hit the 1W MA100 (green) line. On this long term Channel Up that has been trading on since the begining, it is obvious that the majority of the price action is done inside the 0.236 - 0.618 Fibonacci levels. The rallies of early 2019 and Sep 2020 - May 2021 started from the 0.236 and ended on the 0.618, respecting the high impact zone we mention above.
Although it is likely to see a full year of trading within Fib 0.0 - 0.236 before a hyper rally, it is also quite probable that if LTC closes a month above the 1W MA100, to see a full scale rally to the 0.618 Fib or at least the middle of the Channel Up.
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Litecoin support zone are holding strong… if bottomed….Litecoin is halving before the halving… this is something. Also the 40$ support zone are strong and holding it place like glue.
If this goes well then bull are beginning there journey.
If it doesn’t hold then should drop to 35 or 30.
Target 2023-2024: 700$
By 2025 or 2026 if monster bulls wants to go beyond limit then 3000$.
If didn’t see coming then By 2027.
Trade safe y’all and buy Litecoin
LTCUSD Climbs into Weekly Channel Litecoin has seen a early move with price climbing into the midst of the Gaussian Channel on this Weekly timeframe
This allows price to form a strong wick/candle at the bottom of the channel as price continues to move upwards
Ridiculously good buy when considering the Monthly of this chart aswell
Litecoin possible bearish moveLiquidity created at the top with the distribution. Looking to swing the bearish move until the imbalance gets filled at the bottom with possible re-entries as each support level gets broken and retests as resistance to confirm a move lower.
