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Litecoinforecast

Litecoin Emerges as Second Best-Performing Cryptocurrency Litecoin ( CRYPTOCAP:LTC ) has recently emerged as a standout performer, surging to become the second-best-performing digital asset in the top 100. This remarkable ascent comes on the heels of a pivotal declaration by the United States Commodity Futures Trading Commission (CFTC), cementing Litecoin's status as a commodity. While meme coins capture headlines with their volatile swings, Litecoin hodlers are experiencing a euphoric rally, celebrating a surge of nearly 11% in the last 24 hours alone. This surge signifies a significant leap for Litecoin ( CRYPTOCAP:LTC ) amidst relatively stable markets, where Bitcoin and Ethereum corrected by less than 2% over the same period. The CFTC's acknowledgment of Litecoin ( CRYPTOCAP:LTC ) as a commodity holds profound implications for its future trajectory. By delineating Litecoin from securities regulations enforced by the Securities and Exchange Commission (SEC), this recognition paves the way for a plethora of opportunities and integrations. Litecoin stands poised to receive more comfortable endorsements and foster deeper integration into mainstream financial systems, unshackled by the specter of SEC enforcement actions. The genesis of Litecoin's recent surge lies in the CFTC's lawsuit against crypto exchange KuCoin, where Litecoin was explicitly categorized as a commodity. The complaint detailed KuCoin's involvement in facilitating futures, swaps, and leveraged transactions involving digital assets like Bitcoin and Ethereum, alongside Litecoin. Litecoin's journey to its current heights has been marked by strategic movements and technical prowess. Trading within a horizontal channel between $63 and $77 for January and February, Litecoin ( CRYPTOCAP:LTC ) broke free from this confinement on February 29, igniting a bullish trend that has seen remarkable gains throughout March. Technical Outlook From a technical standpoint, Litecoin exhibits signs of strength and resilience. The Relative Strength Index (RSI) indicates a slight overbought condition, yet bullish sentiment prevails with a dominance of 61% bulls over bears. Litecoin's ability to bounce off key moving averages reaffirms its bullish trajectory and underscores its robust market fundamentals. Moreover, if Litecoin's ( CRYPTOCAP:LTC ) price sustains its bullish momentum and overcomes the confluence resistance level at $100, it could signal sidelined buyers to step in and potentially kickstart a breakout rally. The Pivot point at $119.84 will be the target for some of these buyers to potentially book profits. This move in Litecoin ( CRYPTOCAP:LTC ) price would constitute a 32% ascent from the current position. On the other hand, Litecoin’s bullish outlook could face invalidation if the pioneer crypto – Bitcoin triggers a steep correction. In such a case. Litecoin ( CRYPTOCAP:LTC ) price could revisit the $79.78 support floor.
BINANCE:LTCUSD.PLong
by DEXWireNews
Cryptolean Litecoin LTC UpdateIn the daily LTCUSD chart, in the beginning of the week, Litecoin had a fake-out to below $80.43 into the daily range zone. However, it recovered strongly, re-confirming $80.43 as a support. The current price action in Litecoin is very interesting as it is testing the key daily resistance of $88.82-$92.07. A bullish break-out of $92.07 is needed to have a rally towards $100. A bearsih rejection of the key daily resistance of $88.82-$92.07 will lead to a re-test of $80.43.
COINBASE:LTCUSD
by Trade-Lean
Cryptolean Litecoin LTC Update Litecoin found a support at $80.43, the key daily support zone, and we see a bullish reaction from this level. A bullish reversal from $80.43 is likely, assuming we see bullishness back in CRYPTOCAP:BTC , and will result in a move to re-test $88.82-$92.07. A bearish break-out of $80.43 will push #LTC price lower towards $73.31, however the price action may be slow and choppy. Intraday Chart The LTCUSDT 4-Hour chart is neutral and moving to the key intraday resistance at $87.89. A bearish rejection of $87.89 will lead to Litecoin price declining to $80.29, the key intraday support. A bullish break-out of $87.89 will push price to re-test $91.97 and, possibly, higher to $96.84-$100.31, where the price action will be very important. Support once read! Thank you.
COINBASE:LTCUSD
by Trade-Lean
Litecoin: consolidation in mid-term?Hi Traders! From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2). The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions. Trade with care Like | Share | Comment
BINANCE:LTCUSD.PLong
by TheAnonymousBanker
14
Litecoin's Core v0.21.3. Upgrade Led $LTC to New Annual HighLitecoin ( CRYPTOCAP:LTC ), often hailed as the silver to Bitcoin's gold, is poised for a monumental leap forward with the introduction of Litecoin Core v0.21.3. This update brings forth a duo of groundbreaking advancements: Partially Signed Bitcoin Transactions (PSBTs) and the MimbleWimble Extension (MWEB), promising heightened privacy and efficiency in Litecoin ( CRYPTOCAP:LTC ) transactions. While these technical marvels hold the potential to revolutionize the landscape of cryptocurrency transactions, the market response has been tempered, with Litecoin's ( CRYPTOCAP:LTC ) price experiencing a modest dip. But amidst cautious sentiment, the question looms: Could this be the dawn of a new era for Litecoin( CRYPTOCAP:LTC ) and the broader crypto ecosystem? PSBTs: Bridging Security and Flexibility At the heart of Litecoin's latest update lies the incorporation of PSBTs, heralding a new era of transactional flexibility and security. By providing a more robust bridge for Litecoin ( CRYPTOCAP:LTC ) transactions, especially in conjunction with hardware wallets, PSBTs offer users enhanced peace of mind and efficiency in managing their funds. But the real game-changer lies in the integration of PSBT technology with MWEB, propelling Litecoin ( CRYPTOCAP:LTC ) to the forefront of privacy-centric cryptocurrencies. MWEB: Redefining Privacy Standards MWEB represents a paradigm shift in transactional privacy. By obscuring transaction amounts and the identities of both sender and receiver, MWEB ensures a level of confidentiality previously unseen in Litecoin ( CRYPTOCAP:LTC ). This leap forward not only enhances user privacy but also lays the groundwork for a more efficient and secure transactional ecosystem. A Brighter Future for Litecoin The implementation of MWEB in Litecoin Core v0.21.3 signifies more than just technical advancement; it embodies Litecoin's unwavering commitment to user privacy and security. With the introduction of CRYPTOCAP:LTC Suite libraries facilitating seamless integration and validation of MWEB details, Litecoin is poised to redefine transactional standards in the crypto sphere. Mixed Market Sentiment Despite the revolutionary potential of these advancements, Litecoin's ( CRYPTOCAP:LTC ) price has experienced a modest decline, reflecting a cautious stance among investors and the wider community. While some may adopt a wait-and-see approach, others view this as an opportune moment to embrace Litecoin's vision for a more private and efficient future. Technical Analysis CRYPTOCAP:LTC is trading above its 200-day Moving Average with a Relative Strength Index (RSI) of 74 signaling a strong bullish bias. CRYPTOCAP:LTC is poised to continue the bullish trend. In Conclusion As Litecoin ( CRYPTOCAP:LTC ) embarks on this transformative journey, the stage is set for a new chapter in its evolution. With PSBTs and MWEB paving the way for heightened privacy and efficiency, Litecoin stands poised to reclaim its status as a pioneering force in the cryptocurrency landscape. Whether viewed as a cautious pause or an opportunity for visionaries, one thing remains clear: the future of Litecoin shines brighter than ever before.
COINBASE:LTCUSDLong
by DEXWireNews
LTCUSD - Huge Long OpportunityThis is a pretty straight-forward chart, CRYPTOCAP:LTC seems to have bottomed and sitting on a 5 years long support. LTC hasnt been talked about much lately but it seems to be actually still being used for payments and more than we all think; according to a report by Bitpay, LTC was the most used cryptocurrency to make payments on Bitpay, with 34% of the payments being done through them, and apperently it wasnt the first time. The second crypto is Bitcoin, if you were wondering. Lets look at some data; - There are 7.8m LTC addresses with a balance. - approx. 800k daily active addresses. - On December 18 2023, there was an ATH of 980k txs and averaged a 700k txs per day for over a week. Looking at the previous ATHs, there was always a surge in price during these times. The above data is super bullish for a coin that only has 4.8bn market cap with incredible tract record and traction. Considering there is no centralised management for this coin, just like BTC, I wouldn't rule out a surprise ETF application for LTC as well, of course after BTC ETF narrative. The fundamentals are just right, the chart looks great. Worth taking a risk here. Let me know if you agree or disagree with this idea in the comments. I would love to see some other ideas that prove or disprove this analysis.
COINBASE:LTCUSDLong
by TheAlchemist888
12
LTC - THIS INDICATOR says SELL 🤔📉Hi Traders, Investors and Speculators of Charts📈 Litecoin / LTC is an altcoin that still has massive upside potential for the coming bull season. If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. According to my plan, this is the first impulse wave towards the upside. But the upwards wave are always followed by correction waves; a natural part of any cycle. I expected the second impulse wave (2-3) only AFTER the BTC halving, which is set to happen in April. So far, we've seen a correction / pullback across all crypto's. BTC corrected from 48k to 41K and now hovering around FWB:42K where it has found support. But across most altcoins, the bears are controlling the lower timeframes. HOWEVER - this is a great opportunity to get in at lower prices before the second impulse wave starts. The second impulse wave is know to be the biggest one, with the biggest increase - and that's what we're looking forward to after this correction is over. For the short term though as pointed out, I'm expecting LTC to trade range or perhaps even slightly lower. This is a great re-accumulation zone, incase you missed the first one. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the market s. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:LTCUSD.P BINANCE:LTCUSDT COINBASE:LTCUSD
Short
by CryptoCheck-
4
LTC - Litecoin coils up for Mini CycleHi Traders, Investors and Speculators of Charts📈📉 Litecoin has gone through an extended accumulation phase, and by looking at previous examples of macro cycles on LTC, next up is most likely another upward cycle. Previously, LTC went straight from bearish cycle into a mini cycle. But this time, we went straight from bearish cycle into accumulation phase, indicating that a mini cycle may likely be next before we hit the parabolic bullish cycle. In other words, MINI CYCLE and ACCUMUATION PHASE has swapped around this time after the BEARISH CYCLE. There's no indication on the chart of a definitive move into an upward cycle just yet, thus I'm expecting a few more candles of accumulation / range trading. It's important to note that during the mini cycle, the price can increase AND decrease substantial amounts. The price usually decreases back close to the starting point fairly quick after the increase. The mini cycle also lasts much longer than the parabolic bullish increase cycle: These are the parts of the cycle we are waiting to repeat, with MINI / MID CYCLE coming up next, followed by more accumulation, followed by the parabolic bull cycle : You'll know when it's around time for the parabolic increase phase when another Bullish Cross is observed on the LTC Market Cap : Another great way to watch out for that serious bull run cycle is when LTCBTC starts to trade closer towards the white trendline and even above. Consider that the phase has ended again when LTCBTC candles lose the white trendline: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:LTC BINANCE:LTCUSDT BINANCE:LTCBTC COINBASE:LTCUSD
Long
by CryptoCheck-
15
Will Litecoin be the next to break up? The launch of the Bitcoin spot ETF has ignited a wave of optimism in the crypto market, leading many coins to surpass crucial resistance levels. However, COINBASE:LTCUSD lags behind, still trading at 75, below a significant resistance level. On a positive note, following the recent low in October, November 22 brings a higher low. Moreover, with the coin positioned precisely at the resistance level mentioned earlier, a breakthrough at this point could expedite gains and propel Litecoin into a catch-up rally. I am currently awaiting confirmation for a buy signal, and in such an instance, my target would be the 100 key zone.
COINBASE:LTCUSD
by Mihai_Iacob
2
Everything you need to know about Litecoin Halving👨‍🏫Hi everyone👋 (Reading time less than 5 minutes⏰) . In this post, I tried to share all the information you need about Litecoin Halving. (in terms of Fundamental and Technical ). 📚First, let's learn more about Halving and especially Litecoin Halving .📚 💡 What is a block-halving event ❗️❓ As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes ). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142 ). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post-halving. 💡 Why was Litecoin Halving done ❗️❓ Litecoin was designed as a deflationary currency . Like gold , the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium, is bound to increase. On the flip side, fiat currencies (like the US dollar) inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now, and you'll notice that they've increased over time! 💡 What is the Litecoin Halving History ❗️❓ Litecoin has had two halving events already - one in 2015 and another in 2019 . In turn, while the block mining rewards were 50 LTC in 2011 when Litecoin was created, they are currently 12.5 LTC per block, and after the 2023 LTC halving, they’ll be 6.25 LTC. 💡 When is the Next Litecoin Halving ❗️❓ The next Litecoin halving date is expected to be 02 Aug 2023, 17:19:28 UTC . -------------------------------------------------------------------- 📈 Technical : Now that you have obtained the required information about Litecoin Halving, let's look at the technical chart conditions when the halvings happened. If you pay attention to the chart, you will notice that Litecoin always starts to grow and break the downtrend lines a few months before the Halving of Litecoin happens. In fact, when Litecoin Halving happens, Litecoin is in a downward trend . The beginning of the decline of Litecoin from the time of the price peak to the time when the halving of Litecoin took place in the previous two halvings was about 49 days , and if there is a similar happen in this halving, the price peak is expected in the next week or two and in the 🔴 resistance zone($150-$132) 🔴. In fact, Litecoin's price increase is likely to be similar to the previous halving and is accompanied by a fake breakout of the 100-SMA . The price drop seems to happen in such a way that the Uptrend line breaks down for a few weeks, but the price starts to grow again; of course, we have to check the cryptocurrency market conditions at that time. In general, if we look at the weekly chart of Litecoin , there is a possibility of forming an ascending triangle in the long term. What is your opinion❗️❓ -------------------------------------------------------------------- According to the explanation above, do you think that the movement of Litecoin is like the previous two halvings❗️❓ Litecoin Analyze ( LTCUSD ), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BINANCE:LTCUSD
by pejman_zwin
34
LTCBTC (litecoin)hi dear trader there are two take profit on this chart ... litecoin with btc pair Litecoin might hit the $1000 price level by the end of 2025 Litecoin implemented a different algorithm that requires a lower hash rate for miners named Scrypt. As a result, Litecoin miners need less energy and effort to process transaction blocks, increasing the block times to about 2.5 minutes. For that reason, Litecoin is often called silver, where Bitcoin is gold. What is the difference between a trader and a crypto holder? Day trading is a short-term and high-risk strategy where crypto investors buy and sell cryptocurrencies on the same day to profit from rapid price swings. Hodling is crypto slang for buying and holding cryptocurrency to profit from its long-term value appreciation. goodluck
Long
by mehdi_kb
2
Litecoin LTC long medium-term trade #21Taking into account the fact that in the medium term we are more inclined to believe that the crypto market will grow, we continue to publish medium-term trades. In order to continue the growth of the crypto market, we would not like to see a correction of the BTCUSDT price below $26950-27000 in the coming days: In previous years, the LTC price was one of the first to start an upward trend and correction. This year, the "scheme" failed, the LTCUSDT price was one of the first to start correcting in July, but it still can't start growing, although the BTC price has been growing slowly for 2 months... We will try "to push" the Litecoin price up a bit :) by entering a medium-term trade on the following conditions: Entry: in the range of $60.21-62.51 (the desired average price is $61.36) Stop: $55.99 (-8.75%) Take profit: $83.80 (+36.57%) P/L ratio: 4.2/1 We allocate $10,000 for LTCUSD trade, In the event of a mistake, we will lose $875 If the trade will be a success, we will receive a profit of $3650
Long
by P_S_trade
28
Litecoin Macro Analysis : BIG MovesHi Traders, Investors and Speculators of Charts📈📉 From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis. By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. I hope your bags are packed because once LTC moves, it's hard to jump onto a moving train. The bullish signs are: ✅ Consolidation under resistance zone / bullish ✅ Higher Lows - buyers are buying up dips What's still missing: ✅ Bullish Technical Indicator (Weekly on CryptoCheck START v3.5) ✅ Weekly candle close ABOVE 70 Even thought the price may continue to trade just under the resistance for another while, the next big market cycle is clearly the bullish phase. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:LTCUSDT
Long
by CryptoCheck-
22