LTC/USDT slowly going down?Hey traders ๐
LTC coin seems interesting on Daily chart, where we see a nice potential for drop to happen soon. Currently only thing that is holding us back is that 200EMA line there, where it has been already tested once and failed to be broken, but we see a good chance for another attempt soon here!
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LTCUSDT.P trade ideas
LTCUSDT more liquidity before the Halving?The current price action of LTCUSDT indicates an interesting development based on Plancton's Rules.
After experiencing a false breakout above the 106$ weekly resistance level, LTCUSDT is now testing a significant support level around the 90$ area. This support level has demonstrated its importance in the past, acting as a crucial point where buyers have stepped in to prevent further price declines.
According to Plancton's Rules, if the price fails to hold the support at the 90$ area and breaks below it, a new bearish impulse may be expected. This would indicate a shift in market sentiment and potentially trigger further downward price movement.
With the support level potentially giving way, the next potential target based on Plancton's Rules is the 80$ area. This level is seen as a possible downside target if the bearish momentum continues.
Traders following Plancton's Rules would closely monitor the price action around the support level at 90$ and wait for confirmation of a breakdown before considering a bearish position. Implementing risk management strategies, such as setting stop-loss orders and profit targets, is crucial to manage potential risks in trading.
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Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <= 1h structure.
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LTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Litecoin (LTC) fell by as much as 15% on Friday, as a red wave washed over the cryptocurrency market.
LTC/USD fell to a low of 61.76 late on Thursday, which came following a high of 74.73 earlier in the day.
This decline pushed LTC to its lowest point since December 19, when the price traded to a low of 61.00.
As a result of this sell-off, the relative strength index (RSI) fell below the 30.00 level, which means the price is oversold.
the index is tracking at 18.21, its weakest point since November 2018.
The price has since moved away from earlier lows and is currently trading at 64.80.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
LTCUSDT support and resistances for high time frame tradesThe price hit the monthly support MS1 and bounced from there. It is currently trading above the monthly support MS1 and currently consolidating in price range around 64. This is kind of no trade zone for high time frame. All the high time frame resistances and supports are marked on the chart. A long is favorable if the price taps into the monthly support MS1 again. On the resistance side, first it will face 4h resistance 4HR1 around 73.5-75.5. That will be a level to short but not the best one. Next resistance level is daily resistance DR1 around 81.5-84 which is a better level to go short. Above that there is a weekly resistance level WR1 sitting around 91-94 offering the best shorting or offloading any long. For short term trade opportunities, we should look at lower time frame charts. If requested, I will look at low timeframe trade setups and share in a separate post.
LTC moveNote: All links of the article are provided at the end of the page
LTC exhibited a distinctive trading pattern within a parallel channel, characterized by the formation of successive Higher Highs and Higher Lows. This structural arrangement, indicative of a bullish trend, was elaborated upon in the preceding analysis, accessible by clicking here. In that same discourse, I expounded upon LTCโs confinement within a horizontal trading range. The momentous juncture occurred when LTC breached the crucial support level at $85. This pivotal event was meticulously detailed in our analysis, prompting the identification of a revised target at $73, an objective that was notably attained. Let us now delve into the unfolding dynamics as captured within the fresh tapestry of LTCโs charts.
Primarily, LTC charted an abrupt departure from its prior trajectory, resulting in the breach of both its upward channel and the horizontal support it had hitherto clung to. This marked descent culminated in a nadir of approximately $55. Yet, it merits highlighting that LTC managed to secure a daily close slightly above the $63 support threshold, presently maintaining this tenuous foothold. The salient observation amidst these shifts pertains to LTCโs definitive departure from the Higher Highs and Higher Lows schema. The disruption of this intricate framework precipitates a transformation in LTCโs overall outlook, transitioning it into bearish territory. A pertinent antecedent to this transformation was illuminated in an antecedent discourse, analyzing LTCโs price behavior subsequent to the 2019 halving event. For an in-depth exploration, the concerned article can be accessed here.
A cursory glance at the Fibonacci retracement chart underscores LTCโs trajectory below the 0.618 Fibonacci level, a descent that extended to breach the 0.78 mark as well. Nonetheless, as the trading day culminated, LTC exhibited resilience by surmounting the 0.78 threshold. Presently, this level serves as a tentative support base. However, an acute cognizance of the prevalent market sentiment is imperative, a theme extensively dissected in the preceding article, accessible for review here. The prevailing sentiment climate is discernibly bearish, and juxtaposed with LTCโs already established bearish trajectory following the rupture of its Higher Highs and Higher Lows pattern, the likelihood of a further breach of the aforementioned support remains palpable. This apprehension is fortified by the RSI for LTC, languishing within the oversold spectrum, alongside the ominous presence of a bearish crossover within the MACD. Both these indicators converge to intimate a bleak sentiment projection for LTC.
Within the current context, preserving LTCโs perch above the $63 level emerges as a paramount consideration. A breach of this resistance juncture would inevitably beckon a re-visitation of price targets, prognosticating levels of $55.5, $50.5, and $48. As these conjectures are meticulously weighed against the backdrop of past price oscillations, they coalesce into anticipated trajectories for LTC in the forthcoming September of 2023.
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LTC previous article: cryptonewsbytes.com
sentimental analysis: cryptonewsbytes.com
LTC around 25USD?I hope I'm wrong, dropped out of the triangle and top 3 times before. This is not entirely positive for LTC.
Also, the existence of other cryptocurrencies with similar or better properties (XRP ?) may affect the demand and value of LTC. Competition in the cryptocurrency space is very strong, so it is important to monitor the innovation and development of competing projects.
A Deep Dive into LTCUSDT Price Floor๐In our recent analysis of #LTCUSDT, we noticed a daily break surpassing the resistance, signaling the first bullish nod. However, post-breakout, a steady decline in price emerged, prompting us to question the validity of the uptrend. Let's delve deeper into this correction to gauge #Litecoin's potential upside.
๐Initially, the price rebounded impressively from the 23.6% Fibonacci resistance at $104.47, when marking the first pullback of the downturn. Since then, a descending wedge pattern has been forming on the daily chart. The real intrigue unfolded recently when the price touched the 241.4% Fibonacci retracement level and bounced back sharply. Concurrently, #LTCUSDT tested the wedge's lower boundary, and the MACD oscillator showcased a bullish divergence.
๐These signs strongly hint that #LTC might have located its bottom and is gearing up for a potential long-term bullish journey. Yet, for our astute Paradisers, diving in now might be premature as the price is still encapsulated within the wedge. A definitive bullish confirmation would be a breach above the downtrend trendline, likely igniting significant buying activity.
๐Currently, the ParadiseTeam is meticulously observing the demand zone between the psychological threshold of $70 and the $72.5 Fibonacci support. If this zone remains resilient, the bulls might gear up for some exhilarating moves, and rest assured, we'll be right there with you. Stay alert, Ladies and Gentlemen of ParadiseClub!
LTC flash recovery pump ๐ incoming CRYPTOCAP:LTC :: SHORT โฐ PERIOD ANALYSIS ๐
Previous I provided sell short โ๏ธ unfortunately we missed buy zone difference of $0.86 of 1st buy zone ๐ ๐ now reached target ๐ฏ 1 ๐ near to target 2 ๐ I want to catch return pump ๐ so this trade set-up ๐ involved High risk so called as #scalping
#futuretrade :: 2-4x ( 1-5% liquid ๐ฐ ) #dyor BUY LONG โ๏ธ
#BUY :: $75.8 - $80.2 - $83.56 ( 50%-30%-20% )
#sell :: $94 - $114.9 - $134.28 ( #imo $110 )
#SL :: $73.36 ( complete day close below ๐ )
โจ
LTC/USDT Big Movement Incoming ?? Litecoin Today Analysis๐Hello Paradisers, here's a token to keep on your radar!
๐LTC might be gearing up for a retest around the $81 mark before potentially diving further and breaking its demand zone. This area isn't just a demand spot for LTC but also a bullish channel's support.
๐However, the key is to observe the daily candle close. If LTC concludes its daily trade beneath the bullish channel's support, it might swiftly descend, shattering the demand and heading toward the Bullish OB.
๐It's essential to note Bitcoin's influence on altcoins. Currently, BTC seems poised to dip towards the FWB:27K -$28k bracket, coupled with a rise in BTC dominance.
๐This isn't a great moment for altcoins. When BTC drops and its dominance surges, altcoins typically face a downturn.
๐My advice? Exercise patience and await clear signals. However, if LTC manages to hold its ground within the demand and bullish channel support, consider a buy-only post-LTC's breach of the Lower high at $85.5 and a subsequent close above it.
LTCUSDT 1hhere are ongoing scenarios with minimum targets.
its literraly 50/50 chance for each move.
at least 1h candle must close after breach any of these two yellow trendlines. and must be confirmed by followed continuation patern from lower degree.
trading this move is a gambling.
good luck to every brave whos getting in.
LTCUSDT.P Long Idea I'm going long on LTC right now until 87.81. Why I chose to start the long now, Last nights panic sell dump landed the price in 2 areas, 1. S/R on the daily, as well as an ascending support trend line which has been running since late 12/22. The reason I'm running it till 87.81 is because there is a major S/R zone on the 4 hour right above it and I believe the 200MA will also come and into play and potentially act as resistance there. There are smaller local S/R points on the 4hr as shown, but I believe it will fight and beat it. But by then I will have moved my SL either into profit or BE. I just hope my SL point right now is wide enough to hold it.
It's like a diamond turnLitecoin went to the pit after halving. But here it has found its diamond and is preparing to turn around. We can see a strong and rare reversal pattern forming at this level. Perhaps there will be 1 more fake out of the lower boundary, but I think we will see at least a correction to the 0.5 Fibonaci level.
LTC : Likely Repeating 2020 Fractal ๐Hi Traders, Investors and Speculators of Charts๐๐
LTCSDT / Litecoin is looking ready for another bullish cycle after a clear completion of the Elliot ABC correction Waves.
We see a very similar pattern playing out during 2020 and it gives us a good idea of what to expect from LTC before another parabolic rally.
While you're here ๐ Check out this idea on CRV :
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CRYPTOCAP:LTC BINANCE:LTCUSD.P BYBIT:LTCUSDT COINBASE:LTCUSD BINANCE:LTCUSDT
LTC/USDT 1D Review Chart Hello everyone, I invite you to review the LTC chart in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the uptrend channel where the price is moving in the lower range.
Moving on, we can move on to marking support areas when the correction begins to deepen. And here in the first place we have a support zone from $77 to $69, then we can see a drop to the second very strong support zone from $56 to $40.
Looking the other way, we see that the price first has to break the resistance at $87.31, then we have a strong support zone from $98 to $114, once we break it we will move towards the resistance at $134.
Please look at the CHOP index which shows that most of the energy has been used, on the RSI we have a rebound and we are moving in the lower part of the range, however on the STOCH indicator we can see that most of the energy has been used which may stop the current correction.