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LTCUSDC trade ideas

[LTCUSD] Going to $500 by 2025? - Litecoin will surprise many!Hey everyone! I'm very bullish on Litecoin for several reasons. BULLISH FUNDAMENTALS: First of all, Litecoin is amongst some others what we could call a "dinocoin" which managed to make its way throughout the years. Oftentimes being trolled for being slower than other coins to rise, but it still managed to survive to this day. One of the most used cryptocurrencies in the real world for payments purposes One of the most used coin with a top records of active addresses Bitcoin is considered like digital gold, Litecoin like digital silver Litecoin ETFs are being discussed and if accepted, will bring even more people to it (check Canary's Capital recent news) A continuous list of updates, with some about security done the last few days Holders have been accumulating for a - long - time now. BULLISH TECHNICAL ANALYTICS: I tried to spot the key resistances and levels on this weekly - simple - timeframe. We can clearly see a longterm channel being formed since 2017. We are now testing the $77-$80 resistance, before the next one being a major one (orange) around $100. If the whole market remains bullish for the next few months, I believe we will quickly rise to previous key levels around $130 (RESISTANCE 2) then $190-$200 (RESISTANCE 3). If we manage to break all of them, we can for sure expect a new ATH. This one could reach the top of the trending channel. I tried to imagine what it would look like with these Elliot's impulse waves pattern, which each broken resistance becoming a new support to be tested each time. We can also see higher volumes, as well as bullish trends on RSI and MACD. These are all the reasons why I believe Litecoin could surprise many in the upcoming months. Not a financial advice, just sharing my thoughts. Always do your own research. I'm curious to hear what are yours about Litecoin!
Long
by cryptologyy
LiteCoin getting ready for a new ceiling test...This is on a 1month data range. Following yesterday's test of the ceiling, we can observe a new base has been sate (the grey line) as well as a short term ceiling (the upper grey line) causing a channel pattern. The trend seems to be pointing out another test of the ceiling, and if the trend has enough momentum it will be able to cross its and maintain its new positions with a new all-time high of 200$. This move, if successful will be enough to bring LiteCoin to the 200$ mark by tomorrow. In case the trend fails and is not able to break over the ceiling the price could plummet to 155$ and in the worst-case scenario (based on the overall longer-term trend depicted in the chart as the upper and lower purple lines) the price could drop to a price level of 125$-120$ Interesting stuff!!! (THIS IS NOT A FINANCIAL ADVISE NOR TRADE ADVISE, I AM NOT A FINANCIAL ADVISOR NOR HOLD ANY TITLES AND LICENSES THAT WOULD SAY OTHERWISE; THAT WOULD CERTIFY MY EXPERTISE. I AM JUST A GUY LOOKING AT PRICE CHARTS, I AM NOT GUARANTEEING THE PRICE WILL FOLLOW MY PREDICTION OR ANYTHING, DO NOT TRADE BASED ON MY POST. YOU NEED TO DO DUE DILIGENCE WHEN INVESTING. THIS IS NOT A BUY, SELL OR HOLD RECOMMENDATION.) As always: "Past performances do not guarantee future returns"
Long
by luisco98
LTCUSDLTCUSD Funnel : W/D/H4 (swing) The price is currently compressing on weekly (white) since several weeks. The more a compression lasts, the more the breakout and distribution will be powerful. The daily is in a young uptrend and therefore tradable on H4. That's probably the last days before LTC goes crazy. It's time to take your VIP access because price gonna go up with LTC soon. ————— Entonnoir : W/D/H4 (swing) Le prix compresse déjà en weekly (blanc) depuis plusieurs semaines. Plus une compression dure et plus le breakout et la distribution qui s'en suivront seront puissants. Le daily est dans une tendance haussière toujours saine à exploiter en H4. C'est probablement les derniers jours pour un LTC à ce prix là. Si vous voulez un accès au VIP, c'est maintenant ou jamais car le prix va directement monter avec l'envolée du LTC.
Long
by Somstradamus
LTCUSDCLTCUSDC update Entonnoir : W/D/H4 (swing) Comme je l'avais mentionné dans l'AT précédente, LTC était bel et bien bullish puisqu'on a eu une réintégration de la compression weekly (blanc) à la hausse, ce qui nous confirme un bias haussier. Le daily est en tendance haussière mais qui est déjà bien avancée avec 3 impulsions (découpage jaune). Tout va dépendre du BTC, mais je pense que nous pourrions avoir une 4ème et dernière impulsion daily qui devrait être stoppée par la grosse zone de S/R des ~60. Dans le cas contraire, nous pourrions compresser en daily sur le niveau psychologique des ~50 avant de rejoindre cette même cible des ~60, ceci prendrait juste plus de temps. ————— Funnel : W/D/H4 (swing) As per mentioned in my previous TA, LTC was bullish. We had a reintegration of the weekly compression (white) which confirms a bullish bias. The daily is also in an uptrend but already quite old with 3 impulsion waves (yellow drawing). Everything will depends on BTC but I believe we might have a 4th daily impulsion wave that will go hit the zone of S/R at ~60. If not, we might compress right on the psychological level of ~50 on daily before that. It would just take more time but we would eventually hit the same target at the end.
Long
by Somstradamus
2
LTCUSDCLTCUSDC update Entonnoir : W/D/H4 (swing) Assez bullish sur LTC puisqu'on a une compression daily (jaune) qui compresse dans le bas d'une compression weekly (white) qui se trouve également juste au-dessus d'une zone de S/R. Si on casse la compression daily par le haut, la prochaine cible serait les ~60 aka la partie médiane de la compression weekly. Dans une configuration pareille, le but est de se placer le plus bas possible afin de jouer la sortie de compression weekly. La prise de bénéfice s'effectue donc en trois fois : un TP partiel sur la zone médiane, un TP partiel sur la borne supérieure de la compression weekly et ensuite on laisse courir le reliquat jusqu'au prix le plus haut possible. ————— Funnel : W/D/H4 (swing) Pretty bullish here as we currently have a daily compression (yellow) compressing in the lower part of a weekly compression (white) which is right above a zone of S/R. If the daily compression breaks out by the top, the next target would be at ~60 aka the median area of the weekly compression. In such a configuration, the goal is to get on board as low as possible in order to trade the upcoming weekly compression breakout. The take profit should be split in 3 steps : on partial TP once we reach the median area of the weekly compression, then another partial TP once we reach its upper side and then leave the rest run as high as you can.
by Somstradamus
LTCUSDCLTCUSDC update Entonnoir : W/D/H4 (swing) Mon scénario s'est bien réalisé et on a bien été toucher ce niveau des ~60 comme annoncé dans mon AT précédente lorsque le prix était toujours à 84. Pour la suite, nous devrions continuer à compresser en daily (jaune) entre les ~60 et ~70 avant d'avoir très possiblement un rebond puisque le biais weekly est haussier (nous sommes en bas de la compression weekly en blanc) et la compression daily est située en bas de cette compression weekly, ce qui nous donne une belle configuration bullish de rebond. ————— Funnel : W/D/H4 (swing) My scenario has happened as per expected and indeed, we hit the ~60 price level as per mentioned in my previous TA when the price was still at 84. Now what's next? We might continue to compress on daily (yellow) somewhere between ~60 and ~70 before having a potential throwback. Why? Because we currently have a bullish bias on weekly (the price is at the bottom of the weekly compression in white) and the daily compression is located at the bottom of the weekly one, which gives us a very nice setup for a rebound.
by Somstradamus
LTCUSDCLTCUSDC update Entonnoir : W/D/H4 (swing) J'avais déjà prévenu dans ma dernière AT en juin que la tendance haussière montrait déjà des signes de ralentissement et en effet ce niveau s'est révélé être le ATH de l'année (pour le moment du moins). Nous sommes actuellement sur un biais baissier en weekly avec un prix qui range en-dessous de la zone de S/R des ~100 et qui vient également de faire une réintégration de sa compression daily (jaune) à la baisse. D'autre part, le prix commence à compresser en weekly (blanc) et au vu de la forte zone d'aspiration qu'il y a entre ~60 et ~80, je pense qu'on peut facilement aller rechercher ces niveaux avant un rebond possible (scénario rouge). Rien de bullish pour le moment donc. ————— Funnel : W/D/H4 (swing) I've already mentioned in my TA in june that the uptrend was showing its first signs of slowdown which was actually right as this marked this year ATH (so far). We are currently on a bearish bias on weekly with a price ranging under the zone of S/R at ~100 and who has also just reintegrated its daily compression (yellow). On the other hand, the price is currently compressing on weekly (white) and, seeing the low volume between ~60 and ~80 zone (VPVR), it is likely that we will get back to these levels before any throwback. So nothing bullish for now.
by Somstradamus
LTCUSDCLTCUSDC Entonnoir : W/D/H4 (swing) Biais weekly toujours haussier sur LTC mais la tendance haussière daily (découpage jaune) montre déjà des signes de ralentissement avec cette incapacité à créer un plus haut (entouré blanc). Je pense que le prix va compresser en daily au-dessus de la borne supérieure de l'ancienne compression daily (jaune) entre ~125 et ~140 avant de certainement repartir à la hausse. Attention que ce scénario de compression/pause pourrait être invalidé si on a une réintégration de la compression H4 (bleu) à la hausse et une cassure de l'entouré blanc. ————— Funnel : W/D/H4 (swing) Bias is still bullish on weekly on this coin but the daily uptrend (yellow) is showing its first signs of slowdown with this inability to create a higher high (white circle). I believe the price might compress on daily right above the upper side of the daily compression (yellow) somewhere between ~125 and ~140 level before going back up for another rally. Be aware that this compression/pause scenario might be invalidated if the price reintegrates the compression on H4 (blue) and breaks the white circle.
by Somstradamus