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Litcoin

LTC (Prj.Y19.P2.E4).MACRO.TrendIt seems as if LTC is following the BTC cycle (3rd Cycle since it started). Many have said in the past, that LTC seems to be ahead of the trend for BTC. Points of observation: On the WEEKLY chart : LTC is heading towards a major resistance, the 21 EMA while sitting above the 0.786 retracement. On the DAILY chart; LTC is heading towards the 200 EMA (resistance). Like BTC, the MACRO formation resembles BTC in terms of BEARMARKET, followed by 1st parabolic advance and moving towards stage 2, another minor parabolic advance. (refer to my previous posts about the BTC macro trend). I also have it as per the chart, that we moving away from the downward channel, represented by a break in the trend line, and moving into the upward channel with a clear line of the botton support of a macro symmetric triangle. Note the fib.circle (red ring) breached which was a major resistance. And how confluence occurs at key fib. retracement levels. Thoughts: I envision, like BTC that LTC will try to hit the ATH for this year but will fail. We will need to see when an open and close daily candle passes the daily 200 EMA. If it passes it this month, then I see LTC making another attempt at the top ($140) price or less. If it passes it later in December, then I see $101 being the target before the accumulation phase as per the charts. These are my initial thoughts and I will see which of the 2 scenarios eventuate, to make the decision to go long. Obviously I will compare with the BTC pairing chart, before I go long, otherwise continue to short. Please give us a thumbs up\a like for sharing. Cheers, S.Sari\CryptoProspa DAILY chart (coinbase) WEEKLY chart (coinbase)
COINBASE:LTCUSDLong
by ssari
LTC ready for blast off. Next target $250 and higherMy last LTC call, had LTC coming down from 140 right into this 50 area. If you aren't following me, you missed some dead on calls. I keep my commentary brief and to the point. I will post below so people can see the past calls. The Head and Shoulders pattern I posted last time has been completed. If you haven't already, now is the time to go LONG and HODL. The technicals and fundamentals are lining up well. China just changed everything and we have RSI forming this massive double bottom bull signal, MACD softening and getting ready to cross. After this last blast up a further move up is getting baked into the cards starting in Novemeber. Buckle your moon belts folks. Once we go over $75, we target $250, if not higher. Happy hodling, -Sherem
COINBASE:LTCUSDLong
by Sherem
7
Litecoin Ready to Move UpJust like every other coin, Litecoin has been in accumulation since it's runup in June. Now it looks like this week Monday Litecoin should break out the downtrend and start moving up. Right now the price is suppressed in between the 4H hold and the downtrend, with not much wiggle room. This next week we might even still be accumulating, and will be ready to move up in November with the rest of the coins. All of the coins right now look alike, all ready to break the downtrend and are finishing up their accumulation period. Price is very flat right now, this won't last for long. The volatile price movements will come back in November. We're looking at these crypto markets at the eye of the storm, we haven't seen anything crazy yet and that's exactly whats brewing, another storm. The price wasn't ready to break out in October, so that's why we had that big spike down at the end of September. Now we are gearing up for big moves next month, don't want to sound delusional but the price has nowhere to go but up. It is suppressed between the support and the bottom of the downtrend; it will break free and start another parabolic rise up. Ignore all the FUD about the litecoin foundation losing money or not making enough, that's irrelevant because they can't interfere with the already deployed blockchain. There are only 84M litecoin (4x Bitcoin ) and has the exact same code as Bitcoin . It is the test-net for Bitcoin , some people even coining Litecoin as the silver to the Bitcoin gold . As always do your own research, I am not a financial advisor
KRAKEN:LTCUSDLong
by kyer
LTC : Calm before the storm Volume has been slowly fading. Bollinger bands have been constricting on the higher time frames (12 hr - daily charts ). Most like scenario would be for LTC price to take a dip down to lower support levels. Support range would be in 40 - 48 Dollar range. But i think that it would drop somewhere close to 35 dollars range before bouncing back into the 40 Dollar range. I think with this drop LTC would end up on oversold levels on the weekly RSI and that may be the possible reset before upward movement again. Just my two Satoshi's.
COINBASE:LTCUSDShort
by DrCheema
LTCBTC Inverse Head and Shoulders Break!Hello Traders!, Another chart today worth having a look, LTCBTC Inverse head and shoulders break! Points to consider, - Trend coming out of bear market - Broke resistance and neckline - Increasing bull volume - RSI in overbought territory - Stochs in upper region - EMA’s holding price support - Perfect respect of the 1.414 Fibonacci extension Litecoin has broken its structural resistance which was also its neckline with convincing bull volume signifying that this is not a false breakout. Litecoin bulls were able to test perfectly the 1.414 Fibonacci extension before a volume climax. The calculated target for this head and shoulders pattern lines up perfectly with the next structural resistance (blue vertical line) There is a probability that Litecoin retests is now potential support with a healthy pull back as indicators such as the RSI and Stochs are overextended. The RSI is in overbought territory, it hasn’t tested this area in sometime, a retrace to a neutral area will cool it off. The stochs is trending in the upper region where it can trade for some time, however, eventually just like the RSI will need to return back to neutral area when and if price has a pull back. EMA’s are currently bullish, there is a high degree of probability of price returning and test these EMA’s before a continuation to the calculated target… What are your thoughts on Litecoin? Will it reach its Inverse head and shoulders target? Please leave a like and comment And remember, “Short term volatility is greatest at turning points and diminishes as a trend becomes established.” – George Soros
Long
by AzizKhanZamani
LTC Bottomed Out - Great Buy InHi Traders, I've been analyzing Litecoin for a while, i've seen all the news of how Litecoin doesn't have any development on it and so on. This is all just FUD, trust the charts. Litecoin peaked at 140 back in June, and just like every other coin it has been consolidating down and accumulating. All these coins look the same on charts and they all seem to follow Bitcoin. Price has been in the channel of $66-76 for a little under a month. Take a look at the end of Aug. to early Sept., the price dipped below $66 support briefly, with an aggressive candle down. I marked all the manipulation candles that forcefully break price below a key level with red arrows. I'm confident that Litecoin has bottomed out in price, and is now on its way to a big parabolic rise up just like Bitcoin. This sudden dip to accumulate more litecoin below the $66 level looks EXACTLY like the bottoms of all these parabolic moves. Take a look at Bitcoin and Ethereums bottoms, these candles look the exact same. I can't stress that enough. Once Litecoin regains its $76 support, closing above the $95 support is light work. I'll post another chart as we start moving up, but right now is a great time to accumulate. I don't use indicators, but taking a look at the 30MA and the 100MA, they're about to cross, which is a signal to retail investors to start hopping on the Litecoin train. That's how moving averages work, they generate interest in the market. Most retail investors, especially on Binance, only use 7,25,99MA. I'm a step ahead with my 30,100MA, so I can tell you that retail investors will see this buy opportunity. I stand by a $180 Litecoin by EOY, trade at your own risk. Follow for updates on new Litecoin charts.
KRAKEN:LTCUSDLong
by kyer
2
Pick a fence, any is good. It will break upward & why1) Flash crash from mr big and 5 billion, sure of course = fud 2) All coins on bottom line = institutions positioning on the sly 3) Every chart analysis YouTuber all being sheeple as confirmation bias. 4) No retail buyers = institution suppression 5) Watch XRP = know BTC pre movement four hours on ave (from my analysis) 6) Retail buyers have pre orders set 9k barriers 7) world interest rates to follow japan examples of history 8) mega fud on China / USA and world until next political cycle in 2024 9) No profits in bonds = take few years to get back up 10) one domino to rule them all; a currency will fail and it will cascade 11) consolidation in food supplies (reduce size but retain current price) 12) costs always go up and forces a tipping point globally 13) oil prices will collapse before 2024 = global electrification power grids & cars 14) if low interest rates will force institutions into stock markets globally as only profit area = bitcoins’ nitrous oxide 15) the young ones of today see digital not paper money as they click and buy. 16) house prices globally will plateau as affordability calc stop mortgages provisions 17) if you “forgot” and just bought bitcoin in pieces over a year and never checked charts until 2022 at 1% dollar cost Average. Would you care if you then had to Hodl until 2024 18) everything I say here is interpretation 19) I didn’t buy bitcoin in 2008 for 20p 20) I just worked for a decade lost even more, took little to no time off and listened to power elected officials and it turns out what they said was true and we are all in La La land now living the wonderful life
COINBASE:BTCUSDLong
by Peckham08
Litcoin Buying opportunity. LTCUSD In Daily Charts we see the ascending triangle pattern. I think Taking entry now is Bid Risky But there is the best Risk to Reward setup 7% Riska and 27% Reward this is only for the Risk taker First target at $ 101-second Target at $125. For Non-Risk-taker wait for Market Break upside of Ascending triangle pattern. Target is $125 After Ascending triangle pattern Break upside. An ascending triangle is a chart pattern used in technical analysis. ... Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan.
COINBASE:LTCUSDLong
by Make_Money_Guru_Bitcoin
1
Bitcoin, Litecoin and VeChain Falling Through SupportBitcoin, Litecoin and VeChain are all breaking through their short term support levels today. Bitcoin looks headed down to the 9,500 level and with the 4 hour Squeeze indicator turning dark green, price looks very bearish. Litecoin is just about at it's next support level at $87. The squeeze indicator has also turned dark green so some selloff is expected at this point. If support at $87 holds, and price can stabalize, another move up would be expected, probably towards the end of the week. VeChain has been fairly stable against Bitcoin but week against the dollar. Against the USD (tether) yesterday's shooting star could not get above the 21 EMA and price looks like it's going to drop down to supprt at the .0054 cent range.
BINANCE:LTCUSDShort
by GoldBands