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LTCUSDT trade ideas

LTC ShortLTC charts a trajectory within an ascending trend channel. The lower boundary of this channel serves as a stalwart pillar of support, while the upper threshold assumes the role of a resilient resistance. Notably, LTC showcases a pattern of establishing Higher-Highs and Higher-Lows, indicating an upward trajectory. Currently, LTC is on the verge of interfacing with the lower support boundary. Diving further into LTC's support and resistance structure, a significant development surfaces: the breach of the $85 support, which subsequently metamorphosed into a barrier of resistance. This shift marks LTC's current descent. Looking ahead, the next robust support stratum for LTC is situated in the range of $73.5 to $74. Notably, this critical range converges with the lower trend line, emphasizing its potential significance. The impending intersection with this support zone carries notable weight, as it amalgamates the influences of the trend line's trajectory and the established horizontal support. By extrapolating insights from historical price fluctuations within the $85 to $74 range, the anticipation arises that LTC will gravitate toward the lower support zone by the culmination of August.
Short
by LuqmanEjaz
LTC 0.618 FIB levels.In the contemporary landscape, LTC charts a trajectory within an ascending trend channel. The lower boundary of this channel serves as a stalwart pillar of support, while the upper threshold assumes the role of a resilient resistance. Notably, LTC showcases a pattern of establishing Higher-Highs and Higher-Lows, indicating an upward trajectory. Currently, LTC is on the verge of interfacing with the lower support boundary. Diving further into LTC's support and resistance structure, a significant development surfaces: the breach of the $85 support, which subsequently metamorphosed into a barrier of resistance. This shift marks LTC's current descent. Looking ahead, the next robust support stratum for LTC is situated in the range of $73.5 to $74. Notably, this critical range converges with the lower trend line, emphasizing its potential significance. The impending intersection with this support zone carries notable weight, as it amalgamates the influences of the trend line's trajectory and the established horizontal support. By extrapolating insights from historical price fluctuations within the $85 to $74 range, the anticipation arises that LTC will gravitate toward the lower support zone by the culmination of August. Additionally, we can observe that the 0.618 Fibonacci level is also located around $74, which contributes further strength to the support zone for LTC. Presently, LTC rests at the 0.5 Fibonacci level, although it is currently exhibiting insufficient strength to facilitate a significant price increase.
Short
by LuqmanEjaz
LTCUSDTThis is a 1D frame analysis for LTCUSDT After reaching the third resistance zone, the price was unable to sustain above it and started to decline. We are currently seeing the price fluctuating around the support zone and expect it to break the first resistance line and move to the next resistance zone. Be aware that if the price fails to move above the first resistance line, we should expect it to move to the next support line. However, if it is able to sustain above the resistance line, we can run a flag pattern. We can see a positive outlook in this timeframe.
Long
by MarsSignals
3
LTCUSDT 15m Binance price got in to a minimum retrecement zone so it can reverse at any time. price forming wave 1 and 2 of the new tren up as a wave c of B got rejected and continue as new formed wave Y. price got in to a minimum retrecement zone so it can reverse at any time, keep it in your mind. this count is possible, but what if it is not the only count available? let me know if theres anything that i missed to mention. channel maybe updated within the price progression. price can reject of the channel upper boundry again as shown. we will just proceed with XX and Z after.
by B_ARTIST
"Litecoin halving" took place. Where will the LTC price go?Yesterday, on 02.08.23, "LTC halving" took place on the 840000 block. Now the reward for a mined block has been halved, from 12.5 to 6.25 LTC. Given that yesterday the cryptocurrency market made several attempts at correction, the LTCUSDT price did not show any "independence" and also adjusted downward. Now, the LTCUSD price has approached the potential buy zone of $79-86. The medium-term outlook is for growth to $130-136 in the blue scenario. However, it is worth remembering that after the two previous "LTC halving", the LTCUSDT price moved against the logic: decreasing supply = increasing price. We described more about the LTCUSD price movement after the halving here: Therefore, we have a critical level of $79. If the LTC price consolidates below it, the red scenario will be activated. And this scenario implies a long descent of the Litecoin price down to the strong liquidity zone of $47-56. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
50
LTCUSDTHello guys... as you can see the ltcusdt formed an ascending trendline so we assume it would be bullish in the few next weeks. on the other hand, this coin formed a Quasimodo pattern as well so the blue area is great for getting a long position! the target is $95.5! Probability of success=67% ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
20
LTC/USDT possible Scenarios? 👀 Litecoin Today Analysis💎 LTC is making some intriguing moves. We've observed that it has effectively mitigated the previous Order Block (OB) and, in response, embarked on a downward journey. 💎 Currently, the price seems likely to continue its downward trend, as we have an OB at $81.59. LTC might initiate a bullish move from this point. 💎 Another factor to consider is that if the price fails to take a bullish turn from the $81.59 level, it could re-enter the supply area again at $70.82. 💎 The $70.82 level is of utmost importance because there's no more liquidity beyond that point. A bounce back from this area could set the stage for a bullish move. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
by MyCryptoParadise_Simon
4