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LTCUSDT trade ideas

LTC → Price exit from accumulation ↑BINANCE:LTCUSDT is coming out of accumulation, breaking the structure of the “descending wedge” pattern - a rather strong bullish pattern. Price is still pinned by resistance, but the bulls have a chance... Globally, there is no trend in the market. The price is in a sideways movement between 114.0 - 56.0, which I consider a positive reason for a possible rise, as the price moves between the levels in a range. But we have prerequisites for possible growth (consolidation above MA-50, break of the wedge resistance), theoretically the price can head towards the resistance of the global range. Emphasis on the area of 0.5 fibo - 67.8. If the bulls successfully manage to keep the defense above the mentioned zones, in the mid-term the coin can show a good realization towards 76.9 - 88.6. Resistance levels: 67.8, 76.9 Support levels: descending line, MA-50, 0.5 Fibo Perhaps the primary retest of 67.8 will not bring success and the price may form a small correction, but the gradual return of the price to the retest will increase the chances of a breakout. A fixing above the level will be a good signal for growth! Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:LTCUSDT ;) Regards R. Linda!
Long
by RLinda
5
Litecoin LTC price "keeps up"In 2016-17, 2019, and 2020, CRYPTOCAP:LTC was among the first to roll out the alt-season. Of course, #Litecoin is “not the same” anymore, and many newcomers to the crypto market and fans of “hamsters” do not even know how much CRYPTOCAP:LTC "to do" for the global development of crypto. He was proudly called “silver” right after the golden CRYPTOCAP:BTC 🔝 And yet, the OKX:LTCUSDT price is holding up well, volatility is reduced, is it really preparing for something “big”? Do you believe that the #LTCUSD price can reach $190-220 again?)
by P_S_trade
4
LTCUSDT - In Bullish Trend The coin is in bullish trend on an hourly chart (4H or 1H). I have done a multi time frame analysis and planned my trade on 1H time frame in the upward direction of the swing. It is making a bullish flag and my entry is placed at the breakout of the pole of the flag. Yellow, Red and Green rays (lines) are my Entry, SL and TP respectively. Confluences: 1- On a Daily/Weekly chart the trend is making a symmetrical triangle and currently the trend has tested the support of that triangle and in upward swing (in the direction of our trade) 2- On Daily time frame, the chart is approaching a trend line which is below our target of 70.70 but a bullish flag pattern support the idea that it would pierce through the resistance level which is plotted on an hourly chart. 3- On an Hourly time frame, the chart has tested an hourly support level and in moving upwards towards hourly resistance level. 4- On an Hourly chart is it making a bullish flag. SMA 50 is in Support of the trend. The chart is at SR-Flip level, so it might bounce back (upwards towards the target) OR according to the Fib retracement, the trend may correct @ 0.382, 0.5 or 0.618 level (64.58, 64 or 63.42 respectively).
Long
by MuhammadArif039
Could Litecoin get an ETF in the coming year?Litecoin starting to deliver with a major strength, with 37% increase from the low. NYSE:LTC has the longest accumulation period ever. We all know that once NYSE:LTC starts to move, it always leads the way to expansion phase. Could this time be different? Litecoin was always viewed as silver to Bitcoin's gold . Last April, we saw a 10% surge as institutional hint at interest on Litecoin ETF rumors. Could Litecoin get an ETF in the coming year? Technical Outlook: NYSE:LTC closed green today though it's struggling to break $67 resistance on the third attempt. Failure to flip $67 resistance, the first level of support is around $63.5 Price needs to stay above $61 to maintain its bullish structure, failure to do so, a retest on $58 is very likely.
by Tealstreet
LTC-USDT 4hI invite you to a quick review of LTC in pair with USDT, taking into account the four-hour interval. Visible, we can determine the local upward trend line above which the price remains. Just below the price there is support at the level of $60, then the second support is around $56 and then there is a strong support level at the price of $50. Looking the other way, similarly, after unfolding the fib retracement grid, you can see resistance at the price of $66, then the second resistance at $71, and then a strong resistance at $77.
by cryptodailyuk