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LTCUSDT trade ideas

LTC 👉 🔺️ Moving in triangle 🔺️👈Hi dear traders The price of Litecoin in the daily time frame is supported at the level of 78.6%( 56.52$ ) correction of the previous wave and has shown a good reaction to it. The not-so-credible downward trend of the price has also been broken and the normal positive divergence in the MACD indicator indicates the possibility of the continuation of the upward trend after the price exits the triangle pattern and breaks out of the 69$ resistance in the price. Now we can open long position after breakout triangle or wait until feak breakout bottom of triangle near 61.5$. Let's see what happens This is not financial advice ( DYOR ) Good luck
Long
by Th57Trader
4
Technicals Suggest LTC Could Rise 10% in the Next Few DaysIn the past 48 hours, BINANCE:LTCUSDT has maintained its bullish momentum, reflecting a strong uptrend on the 4-hour chart. Closing prices over the last several candles have showcased the resilience of LTC, with recent figures ranging between $79.92 and $84.16. The 9 Exponential Moving Average (EMA) for LTC has been consistently above the 20 EMA, indicating a bullish trend. The 9 EMA has shown an upward trajectory, affirming the prevailing bullish sentiment. Similarly, the 20 EMA has demonstrated a positive slope as well, further solidifying the uptrend. Moreover, the Moving Average Convergence Divergence (MACD) histogram has exhibited bullish momentum, with values consistently above the signal line. The MACD histogram has also progressively increased in the last two days, highlighting strengthening bullish momentum. This suggests a continuation of the current upward trend in the Litecoin price action. The Relative Strength Index (RSI) for LTC has displayed overbought conditions, indicating heightened buying pressure. Despite occasional fluctuations, RSI values have remained relatively high, with recent readings ranging between 64.36 and 78.32. While this signals a potential for correction, it also underscores the prevailing bullish sentiment in the market. Considering potential price movements, investors should closely monitor key support and resistance levels. The $76.32 mark serves as immediate support, followed by additional support level at $73.02. These levels may act as critical areas for price rebounds or potential entry points for long positions. Potential Trade Approaches For a long trade, investors may consider entering once the Litecoin price breaks above the resistance level at $84.16. This breakout could signify a continuation of the bullish momentum. Set the initial profit target at a conservative level, such as 10% above the entry point, around $92.58. However, if the trend remains strong, consider trailing the stop loss to protect profits while allowing the trade to run. Alternatively, if the price falls below the 9 EMA or encounters resistance at higher levels, consider exiting the trade to lock in gains. For a short trade, wait for confirmation of a bearish reversal pattern or a rejection near the recent resistance level at $84.16. This could include a bearish engulfing candlestick pattern or a failure to break above the resistance level. Set the initial profit target at a conservative level, such as 5% below the entry point, around $79.95. However, if the bearish momentum intensifies, consider trailing the stop loss to protect profits while allowing the trade to run. Additionally, if the price crosses above the 9 EMA or encounters support at lower levels, consider exiting the trade to limit losses.
Long
by StevenWalgenbach
LTC/USD 2 Squeezes in OneHere we are playing off the harmonic idea of a double confluence of squeezes in terms of structure and timing. The TTM Squeeze indicator has a rare weekly squeeze to the upside and LTC has not moved a muscle yet, which is a rare opportunity. In theory, based on what I have been seeing in the market... if everyone is as long as they say they are, this is a great opportunity the weekly scale I mean great tbh. Not to mention this would mean timely results instead of waiting a very long time for strong trend-like moves.
by bloodbound696
LTC/USDT 1DInterval Chart ReviewI invite you to review the LTC chart on a one-day interval. Let's start by defining the upward trend channel with the yellow lines, from which the price broke out at the bottom, but here we did not see a dynamic correction, only a movement under the lower edge of the channel. Let's start by marking support points for the price and we can see that first of all we have strong support which currently holds the price at $69, but if the price drops lower, we have another strong support at $56, and then we can see that the price has more room for a drop to around $40, which is unlikely. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price has been rejected by the resistance at the level of $76, then we can see a strong move to around $98, and then we can see the resistance at the level of $114, which previously effectively rejected the upward movement. On the RSI indicator, we can determine the downward trend line from which we moved upwards from the moesijce to a potential upward movement, while on the STOCH indicator, the upward movement ended with a dynamic recovery, which again gives room for growth.
by cryptodailyuk
LTC, the Sleeping Giant now awake!! could it ready to takeoff?Technical Analysis: #LTC (Weekly Update) #Litecoin now trying to breakout the 238 days accumulation zone, if it could, this is just the beginning of new uptrend. #Litecoin is almost ready to takeoff and looks too bullish, if today closing upper the trend line so it will ready to test its previous high and make new ATH at year end or earlier. 🥰If you find this helpful and want more FREE forecasts in Tradingview😍. Please show your support back🙏, Hit the 👍 LIKE button, Drop some feedback below in the comment✍️! ❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝 💎 Want me to help you become a better Crypto trader? Now, It's your turn! Be sure to leave a comment; let me know how you see this opportunity and forecast. Trade well, 💪 #LTCCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
Long
by Bitking786