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Litecoinforecast

Litecoin turning on the Search mode!So as you could see in my previous LTC idea. I was expecting LTC to move to these prices. All of my 3 targets below were hit! What is this idea about? Firstly I want to show you some comparisons between this and the 2017 bull market. Then I will do some technical analysis on LTC in the short-term and long-term as well. Later I will tell you my expectations. 2017 bull market vs this bull market Litecoin was at 3 USD on 29. March 2017 and went to 362 USD on 19. December. This means it did 8815% in just 265 days. If I draw it from the very bottom. This year LTC went 1285% in 418 days... The Crypto market got way bigger so don't expect these returns... but I think LTC might explode soon. (reason later) LTC/BTC pair If we have a look at LTC/BTC pair... we can see that it went from 0.003 to 0.02... This is incredible! Imagine holding 5 LTC equaled 0.1 BTC! And this wasn't even the top of this pair. ATH was around 0.03. Right now we are sitting around 0.006. On the chart, you can see the bearish trend we are about to break in a few days with some crucial levels where Litecoin could struggle a bit. LTC vs ETH Ethereum will outperform BTC these few months... That's a fact. BTC dominance is dropping (currently about 46%). ETH is the king of all ALTs. Firstly BTC goes up... -> ETH goes up -> Big cap Alts goes up -> Small cal Alts goes up... and right now it's Alts turn... Look what's happening to Link, ETC, etc. (expecting LTC, DOT ADA soon) If ETH outperforms BTC and LTC will start to outperform ETH... This means you can outperform BTC multiple times! In a few days, we should be able to break this bearish trend and go up! Technical analysis So in a long-term perspective, We can see a nice channel and leads us to a new ATH pretty soon... We could hit the resistance and see a pullback to the red area... But I am not selling. I am expecting LTC to hit minimally 700-1000 this bull run! In a short term We are going to hit the resistance in a few days/hours. There are few scenarios... 1. Breaking the trend and going to search mode! (green) 2. Bounce from the resistance and seeing a healthy correction. (blue) 3. Breaking the trend after the correction (purple) 4. Bigger correction! (red) Basically, we don't want to see below this red area or below the support!
Long
by MikesJakub
4
Bitcoin Money Flowing into LTC!!Litecoin has explosively broken through long term downtrend resistance, and we are seeing a big push in LTC we are still 35% away from the 0.2 FIB level. If we look at the Chaiken Money Flow we notice more money flowing into LTC after the most recent correction, and if you check out the LTC/BTC Order book on binance or coinbase pro you will see lots of BTC selling for LTC. Always keep in mind that Litecoin has outperformed BTC in a earlier halving cycle! We also broke through all the SMAS the 10 day, 50, 100 & 200 showing lots of momentum, the 10 Day SMA is pointing sky high and has crossed significantly over all other SMA's, will be looking for upwards momentum from the other SMAs aswell. Very bullish on Litecoin I think Alt season is beggining to really quick off! Not financial advice just my opinion!
Long
by JacobR905
LTC Destined for fresh ATHs with a 50% move to the 1-1 ExtensionLTC making its way up from the bottom of the channel after its correction from 335$ ATH. New targets have been set with a 1-1 fib Ext pull and currently we are inside a well respected ascending channel since Dec2020. expecting some resistance at the .382 level . The TP i have labelled are examples of where i expect resistance and indications so you know where to pay yourself . Personally I will retain 25% of my long at TP3 depending on volume and other metrics at the time . Ensure you have a plan also including SL and know what you will do if BTC makes a violent move as generally ALTS will be casualtys Do Not FOMO in ,Create a calculated entry . Remember no one went Broke taking profits on the way Up Like Share and Follow For Regular Setups .
Long
by SJTRADESFUTURES
2
LTC/BTC Breakout Happening NOWThe Shorter-term triangle is broken, the longer-term triangle test getting closer and closer to breaking expecting a break within THIS quarter as BTC/dom drops and ETH outperforms BTC massively. When assets are in or close to price discovery like Litecoin the USD pair becomes irrelevant and the BTC pair becomes way more important. LTC, like many altcoins that are yet to move on the BTC pairs, have a MASSIVE massive year ahead if the market can stay afloat. Fractal from the last consolidation just before the altcoin season of 2017/18 is very similar to the current consolidation - remember that fractals don't have to be identical to be valid - they just have to ryhme. Will be expecting further moves up after flipping and consolidation on the orange resistance line.
Long
by spookyblackfly
LTC important close!!Litecoin has been pumping today up almost 9%! We are looking for potentially a big close tonight hopefully cracking through the 0.7 FIB level! If we can secure a close above this level we are 1 resistance level away from breaking our previous high at 338USD. The EMA ribbons are starting to point up and i am looking to see some spread in the ribbons for us to really start getting strong bullish momentum! The RSI is still a fair ways away from the overbought zone and i would say we still have lots of room for another big push up. The Zero Lag MACD is starting to slope a little bit looking like we could see a little reversal but i still remain very bullish on LTC i believe we are going to see a big move ultimately breaking our previous high at 338$USD. Not financial advice just my opinion!
COINBASE:LTCUSDLong
by JacobR905
LTC/USD Price analysis 5/03(HODL)UpdateLTC/USD (LONG SET UP) BUY AT- $290.00/$280.00/ $270.00/ $260.00 TP.1- $300.00 TP.2- $325.00 TP.3- $350.00 TP.4- $375.00 Support: $290.00/$275.00/ $265.00/$255.00/$245.00//$230.00/ $220.00/ $200.00/ $185.00/ $170.00/ $150.00-$140.00 Resistance: $300.00/ $325.00/ $350.00/ $375.00 The LTC/USDT pair is facing resistance near the 50% Fibonacci retracement level at $270.89. If the bears sink the price below the 20-day EMA , the pair could drop to the 50-day SMA ($224). This is an important level to watch out for because if it cracks, the correction may deepen to $168. On the contrary, if the bulls successfully defend the 20-day EMA , it will indicate demand at lower levels. The buyers will then try to push the price above $270.89 and reach the 61.8% Fibonacci retracement level at $286.02. This level may again act as stiff resistance, but if the bulls drive the price above it, the pair could be on track to retest $335.03.
COINBASE:LTCUSDLong
by MavRich_Trading
LTC/USD - THIS ONE HAD NOT SEEN BLUE SKIES YET...Technical Overview: - LTC/USD SMALL TIME FRAME ANALYSIS: Technical Perspective: Price had created a "resistance" which hold a lot of liquidity this is a magnet for the Devils as market makers seek this $$$ Let's keep it simple 🥂 Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
KRAKEN:LTCUSDLong
by FlyDownX
6
LTC/USDT - potential 36% setupHello, Traders! As BTC dominance continues to fall, we can expect the altcoins to continue rising with updates to the highs. After a significant correction, LTC continues upward movement. It is possible to connect to the upward movement in the range of $259 - $270. It would be appropriate to place a stop loss at $234. Fibonacci levels are the targets for a continuation of upward movement: $282 $326 $353 Good luck and watch out for the market! P.S. This is an educational analysis that shall not be considered a financial advice
Long
by UnknownUnicorn10064030
4
Litecoin's Track to $1500 Brief Analysis + Prediction of Litecoin vs USD Summary It's been 3+ years since LTCUSD touched an all-time high of just over $420 on Coinbase (Bitfinex chart shown here for length of price history). Some have even began to describe Litecoin as an 'old' or a 'boomer' coin, although these claims often come from the inexperienced, uneducated and likely soon to be complaining traders. Highlighted on the chart here, we see that the journey LTC has taken since its ATH of $420 in 2017 is not the first trip its taken in an overall market cycle. As shown on this chart, In 2013-2017 we experienced something just as similar, and almost too similar that its eery seeing the route repeat itself, almost to the exact day-count. I've added in the '1' '2' '3' numbers on each peak in mark-up phase as illustration of the 'corrections' we experience in the price climbing process, although note these may have been done prematurely on my end, as in the former cycle, the price mark-up was completed after the previous ATH had been crossed, with LTC then being in price discovery when that took place. In the event I am early on that, I'd expect 3 more mark-up style pumps/consolidations that occur before the blow off the top to an even higher level than the $1500 I'm outlining here. That said, notice the highlighted above you will notice the additional prediction of price movement I've added, simply by copying the exact route from 2017, as to what may happen once the current ATH is challenged, presumably later in June or July of 2021. Ultimately, to think the same amount of time yields the same results, is only an estimate. Fundamental analysis also suggests LTC's price should be significantly higher in respects to its relationship with Bitcoin, as one could argue that 4x the supply designates 1/4 the price expectancy. That said, suggesting LTC reaching $15k (with a $60k BTC) would taken any way other than seriously. Hence the 'conservative' estimation that we see a repeat of the cycle/market top from 2017 with a price near $1.5k should she go parabolic. Surprisingly, this is also supported and on the conservative side when calculating the ATH of LTCBTC, with a $75k BTCUSD price.
BITFINEX:LTCUSDLong
by kingthies
48
LTC on the verge of a 30% run!!Litecoin has been having amazing days recently with explosive moves up! We are currently sitting above the 1.6 FIB level and i think if we can hold this level and close todays daily above here we are looking even more bullish! we have little to no resistance holding us back and a move from our 1.6 to 2.6 FIB is aprx 31% and IMO very likely. We are starting to see the EMA ribbons push up and open carrying us with bullish momentum, remember litecoin in the past altseasons/ bull cycles has been one of the top performers and even outperformed bitcoin 1 year. Our zero lag MACD has been going sideways and reversing multiple times, as of right now we look bullish and we will want to see our Blue stay on top of the orange, the histogram is starting to print a few slight green bars and i'll want to see once again a hold and daily close above the 1.6 FIB and some bigger confirmed movement on the MACD. The RSI is overbought and starting to slightly come down a little bit, it would be ideal for us to get a good close tonight and then we could see our RSI come down and recover and us testing the top of the 1.6 FIB before we continue up. We could see a couple days of sideways action before our next move up. NFA just my opinion!
COINBASE:LTCUSDLong
by JacobR905
4