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Litecoinforecast

Litecoin Rally December 9th (update)Go over my last TA first. What we want to see is price going down coming into this fibonacci time date , these dates act as pivot points most of the time so really we don't want price to be going up coming into this date . At the moment we are in a ascending wedge on the hourly only keep at in mind , a break here would bring price down to the marked support line most likely , also we failed to break this Gann ratio once before. Keep in mind that there two Gann ratios in play here the thick pink line across is the macro 8/1 Gann ratio. Just 8 days left till the December 9th who knows what will happen
BINANCE:LTCUSD.PLong
by Sporia
1
Litecoin Rally to 1400 dollars starts soonLitecoin will start its multi month rally soon a entry in this area would be one of the best entrys your going to get for the rest of the bull run. The last Litecoin TA we got the breakout (orange circle) up to 300 dollars but price failed to close above the 8/1 Gann ratio on a daily , this is why I closed my position in this area, leaving a long under a marco 8/1 Gann ratio is far to risky especially if its not able to close above it as support. Right now what you see is two different Gann ratios a Marco one and a micro one . To get a better look at the marco one check out this TA below. So litecoin has broken the 2/1 Gann ratio which is a good sign but we up against a very strong reaction point (horizontal red line) this reaction line has played a big part of Litecoins moves this year so its important to follow it. For me I shall sit back and wait for December 9th its a strong Fib time Zone sequence that I think its going to play out , maybe price doesn't do much that day but normally these Fib times zones when they work they act as pivot points in price so even if there isn't some crazy price action it will be in fact the best time to place a trade. So the questions is where will price be on this date the small channel in orange or the dotted line in yellow as final support, if Bitcoin goes down to 50-53k expect this area to be hit . Its crazy to think one can predict price pivots in the future but look at the TA below last Fib count I got another amazing entry so lets see what the next one brings , I have a good feeling about this Fib sequence a lot of things line up with these dates.
COINBASE:LTCUSD
by Sporia
9
LTC Litecoin A Bit More Downside To GoHello friends, today you can review the technical analysis on the 1D linear scale chart for Litecoin ( LTCUSD ), an altcoin cryptocurrency. There are many technical indicators and oscillators noted in the analysis, so please review everything. #CryptoPickk noted in the chart: 1) The price has been correcting after a massive rise upwards to around $302-$303. Currently the price is hovering inside the Golden Pocket (0.618-0.65) of the Fibonacci Retracement. 2) The Fibonacci Retracement level of 0.786 is a possible correction zone around $173. 3) This Fib level is also around in confluence with the 200 MA (moving average) of $177. Though price respected the 100 MA on November 26, 2021, the price has potential to go down further due to the overall #cryptomarket. 4) The Volume Profile (VPVR) is also showing significant support in the region of $170-$180 which is in line with the 200 MA and Fib level. 5) The RSI (relative strength index) is below the yellow trendline noted. If it breaks the trendline upwards, we may see a nice price movement upwards. 6) The MACD is still bearish and seems to be similar to a prior period outlined in the red ovals. 7) The Stoch RSI (Stochastic RSI) is in the oversold region. You can see from prior trends that it can hover in the oversold region for a longer period of time. 8) The Ichimoku Cloud is showing support at the estimated price range. 9) The Volume is healthy and shows momentum is there for price volatility for Litecoin. 10) Keep an eye on the price range between $170-$180 which is a 10%-11% drop from current price levels. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:LTCUSD
by MillionaireEconomics
7
LTC targetsHere we go, my targets for Litecoin. One of my favourite TA educators and analyst (CryptoBirb) is very bullish on it sets the target to 1500-2000 dollars. However, I have to disagree. Although I am bullish on it, my targets are more conservative, with 629 as most likely and 846 as the final target. This is considering the current speed, breadth, Elliott wave channel from waves 2 and 4, with 3 as the top and using the different forecasting techniques and the possible breakout target of the ATH. Let's see who will get it right. FOLLOW ME, SHARE, LIKE AND COMMENT
Long
by CFcryptoTA
2
LTC Litecoin 1D UpdateHello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been bouncing off of a long term trendline since July 2021. 2) The price started moving up another smaller trendline since September 2021. 3) The price recently bounced off of the support line around $200. 4) The price also bounced off of the 0.382 Fibonacci level around $200 and now headed to the possible golden pocket zone (0.618-0.65) between $237-$242. That would be a 8-10% gain. 5) The RSI (relative strength index) recently bounced off of the bottom trendline and possibly headed higher. 7) The volume seems to have picked up over the past few weeks. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
KRAKEN:LTCUSDLong
by MillionaireEconomics
Litecoin Analysis and market prediction Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Litecoin had joined the crypto bull market that lasted from late 2020 to mid-2021. During that time, LTC price grew from under $50 to $412.96 — an all-time high which Litecoin hit on May 10, 2021. After this peak, the price fell quite sharply, reaching $104 by the middle of July. Since then, though, Litecoin has been showing strong signs of recovery. Over the past seven days, Litecoin has seen a drop in value, as it lost 12.19%. The volume of Litecoin lately was $3.579B or 2.52% of the total volume of all cryptocurrencies. It has traded in a range of $220.80 to $282.60 in the past 7 days. Possible Scenario for the market : The market is still showing signs of a small Bearish movement that will most likely reach the first support level at $214.46 where we will see a big battle over control between the Bears and the Bulls, if the Bearish movement continues then we might see a further drop that could reach the support located at $198.773 or even $174.46. The Bulls will try to gain control back over the markets knowing that technical analysis indicators show a Bullish long-term trend. the first attempt will be at the first support line where we might see a push back up that will reach the first resistance at $254.46 and from there if this bullish trend continues then we will be seeing the coin value reaching the $297.46 level. ***Litecoin would need to move through the $239 pivot to bring the first major resistance level at $254 into play. Technical Analysis show : 1) The market is below the 5, 10 MA and EMA indicating a short-term Bearish movement, But still above the 20 50 100 and 200 MA and EMA which means Bullish for the long run. 2) The MACD is above the 0 line indicating a Bullish market with a crossover happening right now. 3) The RSI dropped after reaching the overbought zone and not it reached 53.60 showing good strength in the market. Support & Resistance points : support Resistance 1) 214.46 1) 254.46 2) 198.73 2) 278.73 3) 174.46 3) 294.46 Fundamental point of view : Litecoin (LTC) is an early fork of Bitcoin and one of the first altcoins, launched in 2011 by Charlie Lee. An early Bitcoin adopter and Google employee. Litecoin was intended to be a “lighter” version of Bitcoin and is very similar to the pioneer crypto otherwise. The price of Litecoin doesn't seem to necessarily correlate with the price of Bitcoin, which is very interesting to observe. However, it becomes more difficult to predict the price of LTC 5-10 years into the future. Litecoin Smart Contracts, DAOs, Tokenised Assets, and NFT's are live, which could only help increase the coin value. Venmo, currently ranked the second most popular financial app in the US has launched its much-awaited cryptocurrency offering to its 52M+ users marking yet another milestone for Litecoin adoption and accessibility. Alongside Litecoin, Venmo users will also have access to buy, sell and store Bitcoin, Ethereum and BitcoinCash directly within the app starting with $1. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
16
#LTC Litecoin 1D - Headed lowerLitecoin LTC seems to be headed down. Keep an eye on the fib retrace level of 0.618 which is also where the trendline meets. Lastly keep an eye on the RSI. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:LTCUSDShort
by MillionaireEconomics
🚀 Last Shall Be FirstYou may have been in crypto enough to recall the times when Litecoin was called " the Silver of crypto ". Well, it may be time to brush up on that comparison. While the real value of physical Silver is undeniable, the market has long overlooked this precious metal. Considered well inferior to Gold, investors and traders have not paid much attention to it for roughly seven years. All of a sudden, in 2020, the price jumped over 150% from bottom to high. In the crypto world, you can see a similar pattern looking at Litecoin priced in BTC terms. The coin has never recovered from the 2018 bear market and remained firmly stuck into a steep downtrend. Finally, the market seems to have lighted up the spotlight on Litecoin, revamping the price action. As a note, while hundreds of cryptocurrencies are out there that could fall under the category of shitcoin , Litecoin is one of the oldest native blockchains, which has run efficiently and with no hack or problem since its inception. On top of that, the coin is widely available on almost every crypto platform or exchange, so it has one of the broadest user-base exposure among all cryptocurrencies. Is this a call to rush into buying Litecoin? Not necessarily. The main takes here are two. First, buying something that looks historically "cheap" may provide the best opportunities from a long-term perspective. Especially if what you are buying has proven over time to be solid and trustworthy. Second, you can also see Litecoin as a proxy of the risk appetite of the market. When every coin already skyrocketed in price, in some cases, without being backed by much more than a viral meme, it makes sense to allocate more capital to coins with higher upside potentials. On the other hand, dinosaurs-coins usually get traction in the latest stages of a bull market, which can strengthen the case for planning an exit strategy or taking some profit gradually.
AMEX:SLVLong
by Coinrule
#LTC Litecoin 1D Chart - Correction? Litecoin (LTC) shown on the 1D chart is in a very large triangle pattern and currently retracing. Within the large triangle, the price is hovering over a trendline. If it retests the trendline, it may retrace to the 0.618 fib level which is a possible 20-25% price decrease. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:LTCUSD
by MillionaireEconomics
💥LTC CUP & HANDLE- TARGET AT $400-$700Please support this idea with a LIKE👍 if you find it useful🥳 Here is the weekly timeframe of Litecoin. As seen here, we have a possible cup and handle pattern on the chart with resistance at $384. If price break this cup and handle neckline upward, then I expect a rise to $400, $500, $600 and $700 as the profit levels. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on LITECOIN ( LTCUSD ) 🤗 Happy Trading💰🥳🤗
BINANCE:LTCUSDLong
by PetrockFxTrading
4
Litecoin Update!!As predicted Litecoin has been going vertical slicing through some major resistance levels like 222$ and even more importantly the 247$-250$ resistance level that we have struggled with in the past. We have wicked all the way past the 0.6 FIB level all the way to just over 300$ (USD) we are currently seeing a little downwards pressure but nothing to serious and we are holding onto that 0.5 FIB level, we gotta hold this for our daily close tonight and if we do for the second time in 2 days we are looking very bullish. We have been flying up the top bollinger band pretty explosively and if we do see this bullish close tonight i think there is a strong chance that we are actually going to continue climbing up here! We are all around very bullish right now! The MACD looks great we are seeing some big separation in the MA's which is a very good sign and something we want to see continue, this allows us to have some downside or a bit of a cooloff without triggering a bearish cross, also shows the bulls momentum is rising! Same thing with the histogram we are seeing steady increases in each daily green bar which is a good sign for our momentum and this is something we wanna see continue going forward, once we start to see a decline or the histogram starting to flatten out it opens the door for a likely bear cross. Now the squeeze momentum indicator, we we're just recently coming out of a bullish cycle with out bar reaching the midline but we have onceer again activated a new bullish squeeze and currently we are seeing our squeeze release shown by the black crosses turning white, and this is the most explosive part on this indicator and this squeeze release could potentially continue on for the next few days, which would be great! Overall super bullish on LTC it is a great project/coin and i think we definitely have some big upside, i do think at some point sooner than later we should expect a little cooloff with a few days of red action, this would be totally normal and actually a healthy thing for price action and our overall structure, but for right now i think we are going to keep climbing and especially with BTC dominance slowly falling once again! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
Litecoin Breakout!!LTC has started to move to the upside after having a period of sideways movement as seen by the horizontal yellow rays, we have broken out of this sideways channel which could also be looked at as a bullish triangle which ive also drawn in, another crucial level we have taken out well looking like we will take out (have to wait for daily close at 8PM EST) is the R1 resistance level which is very bullish, we could've gotten rejected off of this level but Litecoin is showing some strength pushing through, a close above here will open the door for a push up to the 222$ resistance level, pretty heavy resistance but with some good momentum we should be able to push through, also on todays candle we have wicked up and above this level which is already weakening the level. 1 more near term target is the resistance at 247$-250$ level, we historically have had some problems getting up and above this level but with the upcoming surge in the markets im sure this is on the table. Something very bullish coming from the bollinger bands is we are directly ontop of the top band, and if we see a daily close up here we could see an explosive ride up the top band very likely bringing us to that 247$ level. Now lets look at the MACD, we are looking alright here we just had a bullish cross but i would definitely like to see some more bullish action to confirm this. we had a 1 day bear cross just before this bullish cross, we had a red bar right before todays bar, we want to see increasing green bars indicating a rise in bullish momentum, if we continue to stay flat or decrease we would be looking at another bear cross, another key thing i want to see is that Blue MA start to really take off from the orange MA, we need to see some separation or we risk a bear cross off of a small sharp downside move from price action, having good spread in the MA's lessens the chance of having a near term bearish cross and it also allows price action to have some room to go down for a couple days without triggering a bear cross! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
#LTC Litecoin 1M LOG Chart - 10XCould a 10X still be in the cards for Litecoin LTC? I put together a 1M LOG Chart for LTC and assumed the double bottom breakout in the works. The 478% calculation brings the fib level to 2.618 almost perfectly. Of course this is an assumption but I can't rule this out. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
KRAKEN:LTCUSDLong
by MillionaireEconomics
7
Litecoin set for a big run!!?Litecoin has been rebounding very nicely recently taking out the 0.2 FIB at 177.55 and the crucial pivot point which we have held for the past few days. This level is very important because it signals a turn around in the market and by holding above here we can expect to see some upside, we don't want to breakdown and fall below so keep an eye on this level. We are currently facing resistance as im writing this and our next significant points of resistance after taking this level out would be the R2 resistance at 218 and then heavy resistance shortly after at 220$ finally the last heavy point of resistance we will talk about today is the 247$ which we always seem to struggle with, if we can successfully take this level out we are looking very very bullish! Now check out the bollinger bands, as you guys can see just today we are starting to grab onto that top band which is always a great sign, if we can continue doing so we will be looking at a big rally riding up the top band taking out key resistance levels on the way! Another thing i should point out is the bollinger bands are beginning to squeeze on price action and the more we see this happen and the tighter they get the bigger explosive move, now the BB doesnt signal which way this move is headed but i would say we are looking at the upside. Now something that looks very positive on the MACD is if you look at the histogram we were in a steady decline going towards the midline but today we have rebounded and actually have created a bigger green bar then yesterday, this could be the start of another bullish rally on the MACD it shows bull momentum is increasing and if we see this continue to play out we are going to see some nice upside follow, aswell the MA's specifically the blue MA is starting to gain more separation on the orange MA, this is always a positive sign because the more we separate the less likely we are to see a near term bearish cross, even if we were to have a couple red days. Seeing the Blue MA head to the upside and the orange continue to be flat and move sideways shows that we for sure could be set on another bullish rally! Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
4