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Litcoin

Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals. The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status. Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation. Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin. I'm utilizing probabilities on my charts to get positioned into longs for Litecoin. Now, let's take a closer look at my analysis. 12M: 2W: 1H: Feel free to share your thoughts and ideas in the comments below!
CRYPTO:LTCUSDLong
by Jasminex1x2
LTC/USDT Price Movement ScenarioBelow is the price movement scenario for LTC. Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions. Looking at the trading volume profile, we see that market participants continue to act in line with the current trend, accumulating positions to support price growth. Currently, the asset is trading below the resistance level at $115.86, which can be considered as a potential entry point. It is expected that continued trading below this resistance level may lead to further strengthening of positions and subsequently to a breakthrough of this level. The target level at $297.70 can be considered as the next key level.
by Rick_SimpleSwap
Litcoin Bull pressure increases, $84 coming? LFG!Buyers of LTC are presently encountering robust resistance around the $76 range. The upward pressure from consistently maintained higher lows is evident, suggesting bullish momentum. However, it would be prudent to anticipate a potential pullback once the price hits $78 and reacts to the minor resistance. Despite the likelihood of a reaction, there is a probability exceeding 60% that the bulls could persist and drive the price to the range of $82 to $84.
BINANCE:LTCUSD.PLong
by MachiavelliTrader
2
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution. On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly. If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown. Support levels: 71.09, previously broken resistance, 66.13 Resistance levels: 72,30, 73, 74 Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart. BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards, R. Linda!
COINBASE:LTCUSDLong
by RLinda
4
LTC A breakout is around the cornerLooking at the LTC chart, it strongly bounced back after having continuous down trend. A major resistance is waiting around 64.5$ If LTC breaks this resistance successfully then we can expect a decent upward movementum. I'm planning to enter a LONG position after a successful breakout with a tight stoploss. Checkout the chart for trade details, use trailing stoploss to secure your profit and catch maximum profits. Stoploss is must! Follow us for more updates. Cheers!
Long
by GreenCryptoTrades
6
LTCUSDTHello Crypto Lovers, This is a 1D frame analysis for LTCUSDT As you can see, the price has been able to move above the support line and has been able to establish itself above it. Currently, the price is below the resistance line and there is a possibility that the price will bounce back to the first support line and if it holds above it, it can start to move towards the resistance area again. However, if it fails to hold above the first support line, it may have the possibility of correcting to the second support area. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
Similarity between LTC halving and BTC halvingThe Litecoin (LTC) halving and Bitcoin (BTC) halving share some similarities, as they both involve a reduction in the block reward for miners. However, there are also some differences between the two events. Block Reward Reduction: Both LTC halving and BTC halving result in a reduction of the block reward. In the case of BTC, the block reward is halved approximately every four years, while for LTC, it occurs every four times the number of blocks mined compared to Bitcoin. This means that LTC halving happens roughly four times more frequently than BTC halving. Supply Reduction: Both halvings aim to reduce the rate at which new coins are introduced into circulation. By reducing the block reward, the inflation rate decreases, leading to a more controlled and limited supply of new coins. This reduction in supply can potentially impact the price of the respective cryptocurrencies, as it can create a scarcity effect. Market Anticipation: Leading up to both LTC halving and BTC halving, there is often a period of market anticipation and speculation. Traders and investors closely monitor these events, expecting them to have a positive impact on the price due to the reduced supply. This anticipation can drive up the price in the months preceding the halving. Miner Incentives: Both halvings affect the incentives for miners. As the block reward decreases, miners receive fewer coins for their mining efforts. This reduction in rewards can lead to a shift in mining profitability and may impact the overall mining ecosystem. Miners may need to upgrade their equipment or adjust their strategies to maintain profitability. Despite these similarities, it's important to note that BTC and LTC are separate cryptocurrencies with their own unique characteristics and ecosystems. While they share some fundamental concepts, they also have differences in terms of adoption, market capitalization, community, and development, among other factors. Therefore, the impact and significance of the halving events can differ for each cryptocurrency.
BINANCE:LTCUSDShort
by NETchapter
2
LTCUSDT 1HLTCUSDT on the daily chart: The price of #LTC has been trading above the MA200 since the 2nd of November, just when it broke the accumulative triangular figure, which broke upwards. The bulls are in charge We can also observe the RSI with extreme exhaustion of selling forces. LTC IN THE DIARY On the 1h Chart, LTC will yield and seek the gravitational center of that thickest sector in the projection of the Ichimoku Cloud, but before that it should retreat to the VWAP region at 87.19. Supports and resistances follow, risk management must be applied, with some small and quick profit takings, as in addition to the beginning of the weekend, the FED is ready to increase the basic interest rate by 0.25% and this should have an impact the market. Main support levels: 87.21 / 86.19 Main Resistance Levels: 88.14 / 88.53 MM200: At the height of $87.88 RSI: Exhaustion of Buying Forces It is worth remembering that Litecoin will be halved in August and the reward for a mined block will be reduced. This has happened twice before with LTC, in 2015 and 2019, and both times the price of the coin has risen sharply.
Long
by ferulianov