LTC(Litecoin) = 420?LTC at crucial level we should not consolidate at current level else back to the waiting game.
Should see 420 soon followed by topping out at 449 levels.
RSI is overheating but still has some more room upwards.
Litecoinforecast
Litecoin $LTCUSD Long Term Target PTs 350-600 and higherLTC/USDT
Litecoin (LTC) flipped the breakout level at $246.96 into support on April 11 and 12. This reignited buying from the bulls and the altcoin resumed its uptrend on April 13. The next target objective to watch on the upside is $307.42.
The 20-day EMA ($227) is rising and the RSI is close to the overbought territory, suggesting the bulls are in command.
However, the long-legged Doji candlestick pattern today shows indecision among the bulls and the bears. If the price slips below $255, the LTC/USDT pair could drop to the $239 to $246.96 support zone.
A strong rebound off this zone will suggest the bulls are accumulating on dips while a break below it could drag the price down to the 20-day EMA.
Litcoin $LTCUSD Target PTs 280-200-265-220-340Charlie Lee Proposes Merged Mining of Litecoin and Dogecoin
Apr 8, 2014 at 4:42 p.m. EDT
The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that’s not good for litecoin or doge, according to Charlie Lee.
On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security:
“Litecoin’s security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%.”
What does ‘51%’ mean?
When Lee refers to this 51%, he’s talking about a ‘51% attack’, an exploit that could be made possible if a miner or a pool could take control of over half of a cryptocurrency’s network power.
Bitcoin Foundation Chief Scientist Gavin Andresen has a brief post on his blog outlining what such an attack entails.
Essentially, it means that block transactions could end up being controlled without the consensus users expect from these networks today.
Litecoin’s hashing power over the past three months. Source: Liteshack
Mining is an important distributed method for confirming transactions, but it ultimately costs money to do so in equipment, electricity and time.
So, the reality is that scrypt miners point their mining rigs to the coin that they think has the highest potential for profit.
As miners have become interested in dogecoin at the expense of litecoin, this has meant that there is less hashing power growth in LTC. However, at 174,000 total MH/s for LTC versus 71,000MH/s for doge, litecoin is still a much more powerful network.
Merged mining
In the past, dogecoin had been retargeting only every four hours. This meant opportunistic miners could move to other scrypt-based coins and cause difficulty to be misrepresented as a test of that network’s hashing power.
In order to prevent this, the difficulty retargeting now happens during doge’s block generation, which is roughly every minute. This has helped to better secure dogecoin’s hashing power and made it less volatile.
Dogecoin’s hashing power over the past three months. Source: Liteshack
The idea of merged mining two independently successful coins is a colorful concept.
“Merge mining only affects mining and nothing else,” Lee says in his post. In addition, he tries to allay the fears that litecoin and dogecoin could become tangled with one another rather confusingly – a problem that could affect the technical and mainstream communities around both.
Says Lee:
“ doesn’t merge the blockchains, the clients, economics of the coins, the dev team, or the communities. All it does is make it so that you mine both coins at the same time, and secure both coins at the same time.”
Hard fork
Lee’s idea is to ‘hard fork’ dogecoin in order to allow for merged mining.
At least one of the coins would need to do so for the idea to work. And the ideal coin to fork is dogecoin, according to Lee:
“This can be accomplished by a hard fork in either coin. You’ve likely seen my take on why hard forking litecoin is too dangerous today. Not so for dogecoin.”
Dogecoin was hard forked in March, as users were required to update to the 1.6 version of the client that added features such as a four-hour maturing period for mined coins.
Jackson Palmer, one of the co-founders of dogecoin, believes that litecoin’s size could make a fork quite difficult:
“As for the fork, they have a larger market cap and hash rate, and are hence more scared about getting 51% of their users to update to a new version.”
Speculative assets
Cryptocurrencies exist in a unique predicament, as most aren’t used for anything other than speculation. Litecoin is accepted by some merchants, including those using GoCoin, a payment processor. But dogecoin’s success has been because of microtransactions on reddit, not because of merchant acceptance, mining or trading for profit.
It is fundamentally a transactional currency for tipping on reddit, something Palmer ideally wants to continue focusing on:
“Essentially, I don’t think merged mining is the answer for dogecoin right now. It’s less than five months old and to say that anything needs to be done right now comes down to pure speculation.”
Would merged mining help to maintain both litecoin and dogecoin? Probably, but the two currencies are in such different stages that it might be better to let each thrive in its own way.
Added Palmer:
“Brashly changing algorithms, merged mining and all other solutions I’ve been presented with are simply band-aids to the fact that a currency requires active use and demand to succeed.”
LTC 1D Pattern "Cup with a handle" or continued growth?We would like to bring to your attention a global idea on the chart of the LTCUSDT pair
This instrument has a long history of trading and makes it possible to see how this pair has been trading since mid-2013.
In our opinion, the price of LTCUSDT is approaching the critical level of $285, in the area of which one of two scenarios may begin to be realized:
1) It can be assumed that the global pattern Cup with a handle is forming on the chart. In this case, having reached $285, the price may start a rather deep downward correction.
A tasty buying area for an investment long can be considered $90-125
2) In case of breaking through $285 upwards, and consolidation from above this level, we can consider the scenario of a powerful rocket to the moon.
First, ATH breaks of $365-370, and then you can start the dream of growth to $785
Still, in 2014-2016, LTC was called silver, which will go right after the gold BTC, but then ETH appeared and something went wrong ...)
To the pluses of the 2nd scenario, you can add what we see on the LTCBTC chart
(It's a pity that the BTC-e exchange no longer exists, it had the longest trading history)
So, on the chart, there are weekly candles, and they have been moving downward in a clear channel for the last year. They were close to refresh the all-time low but received a strong upward momentum.
In case of a possible breakout upward and the continuation of the movement along a given vector, we can expect another +100%, because it is there that the first powerful liquid zone is located.
Well, let's see if "there is life in the old dog yet" named Litecoin
Will it be able to at least partially repeat the growth trajectory as in 2017, when LTCUSD made x100-x200 from $2-4 to $370 in a year.
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#LTCUSDT #4HHi guys..its the latest analyze chart of #LTCUSDT in #4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Nice close for Litecoin this week. Possible path to 272 and 325 Now resistance trend line should hold as good support line for Litecoin to keep moving up.
PS: I like to keep chart simple. No indicators. Only tools I use are trend lines, price levels, price boxes and occasionally fib tools.
Litecoin to 320.00?I’ve been obsessed lately with the Fibonacci tool and now it’s telling me Litecoin's next jump will be to $300-$320. Based on 1.618 line. And the fact we are currently testing the resistance area from our prior high makes me feel like we might see it soon..Thoughts?
Thanks for your time!
Please like and follow!
#LTCUSD Continuation of the triangle break expectedAfter a super health breakout, it is possible a retracement and a continuation of the uptrend
LTCUSD to break out: A Comparison With BTC in October 2020So how do you draw horizontal lines while trading Crypto?
I cannot stress enough on the importance of VPVR when drawing support and resistances. Here I present and example using BTC:
In 2020, most people were showing 14000 (2019 top) and 20000 (2017 top) to be areas of resistance. TA and patterns only work if the assumption behind those TA systems and patterns are valid. If those price actions had very little volume, you cannot really trust them. IN REALITY, very few people trade at the very top of a bubble. If you imagine a line of FOMOers, at these tops it’s the very last people in the line who are buying. Hence these regions NEVER hold as resistances. Check the previous ATH levels for BTC, BTC blasted through every one of them. NOW if you look at VPVR, the “real top” as far as volume is concerned was 12.4k. It was game on after it broke above this level. THIS is true price discovery.
For LTC, this level is 250 USD. LTC spent very little time above this level for the price action to be meaningful. As a result, LTC has been chopping ever since it came close to 250 USD. This is a key long term price region when analyzed on the ultra long term idea that I posted earlier (and I will keep updating).
Bottomline: IF you are a LTC HODLER, please for the love of GOD don’t sell at previous high once we break above this last zone of resistance. Price should reach between 500-700 USD (1.236-1.618 on fib levels) on bullish momentum.
For ultra long term cycle charts on LTC, follow my related chart ideas below.
LITCOIN (LTC) UPDATELTC / USD
in my last Analysis about litecoin i draw long trendline support and we see ema 50 in which the price respected it perfectly since October
Today we got first bullish price action at support level
According to previous LTC behaviors since October we can expect pump soon around this area
Bulls should hold lower trendline which is very important support here
Good luck
Litecoin: +78% in the Next 9 Days?Since October 2020, Litecoin ( KRAKEN:LTCUSD ) has only closed below my daily close support trend line TWICE. The 1st daily close below was in December and it was only for 1 day, which means it turned out to be a false breakdown. In the following 9 days, Litecoin went up 78%. Tonight was the 2nd time.
Will history repeat itself? Or will Litecoin begin a further decline below $193 and head for the declining support around $170? Let's see what tomorrow brings. I'll be ready for either scenario. Are you?
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
LTC steady 10 Days then BoomIm noticing a similar pattern to the 18th of February. The drop may not come because volume seems to be higher and BTC on the 18th was dipping but its rising now. So we may go slow instead of any major dip then rocket as BTC does.
LTC to $300Very simple chart here.
I think Litecoin is finding a good support in the $190 - $200 area - we're in a long term ascending channel and everything looks like it will continue that way for now.
I'll be looking to scale profits from $300 - $350
-FreddyFlamingo
Litecoin cheat sheet with FibThis is a weekly chart of litecoin's history that goes back to 2014. It shows the major resistance and support areas and how litecoin reacts to them. As we can see at the moment we are within a major support and resistance band that just might be where the next bear market should land. So even you buy here and don't sell the top you are most likely buying the next bear market. Simply said, purchasing here makes you future proof.
*There is only one guarantee in investing, there are no guarantees*
LITECOIN (LTCUSDT/LTCBTC) Long&Short Trade Setups 2021/03/11Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $190-192 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming
Short Trade Setup #1: Retest and Continuation (61.8Fib)
1. Price Action: Price needs to move back up to the 61.8Fib @ $211 and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
LTCUSDT 4H-TIMEFRAME ANALYSIS✨LTCUSDT 4H-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for Litecoin LTCUSDT
I expect the price to move higher...
I hope my idea is clear
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LITECOINGreen text box gives you muh ideas...
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
Not the best deal. Risky. But you can trySince Bitcoin is growing, many people are reluctant to buy it. They want to buy different Altcoins.
If you really want to buy Altcoin in addition to ETH, LTC might be a good option for you.
SL: If 1D candle closes under 164.
TP: Depends on the market situation. I recommend setting up 50% on the $298. But it is safer to buy bitcoin at the moment.
Litecoin Long Term TrendI've got my eye on Litecoin for a swing trade. This is my long term trend analysis for my short term swing set up
Litecoin Bears Are Heading For $130 Litecoin topped at $247.82 and it made a sharp decline which fits for an impulse wave (a) of a zigzag pattern. According to the Elliott Wave principle, a three-wave correction in opposite direction follows every impulse pattern before the price continues in the direction of the impulse move.
That three-wave correction is the short-term rally that took the price to $205.54 in wave (b). Now we expect the price to continue in the direction of the impulse in wave (c).
In a zigzag, wave (c) used to equal in size as wave (a), so targets below $130 area are plausible in wave (c).
What's your view on LTCUSD? Let me know in the comment.
Thanks for reading!
Veejahbee.
LTCUSDT Litecoin comeback time!!! Experts please clickLet me know what you think about this. I got myself convinced, Litecoin new all-time high by or before May 01 of this year. Join the lite side folks, together we will contest Bitcoin. Not real financial advice, in fact I am still very new to all this, just here to dabble my feet and try to learn from you all. That being said, please leave any comments, questions, concerns, ideas, or anything you come up with in the comments. I love to hear back from you guys, I need critiques.
Litecoin - The good scenario and the badOur updated chart with very simple but major support and resistance levels. Price will soon pick a direction, either support and higher or very simply lower to previous support.
Hope it helps
Litecoin LTC Prepare For SellOffThe crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
LTC Litecoin Market Cap $18,993,843,023
vs
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET CAP
When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends.
When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing.
If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
