Litecoin (LTC) Price Analysis 2023Litecoin (LTC) ranks 12th on CoinMarketCap in terms of its market capitalization. The overview of the Litecoin Price prediction for 2023 is explained below with a daily time frame.
In the above chart, Litecoin (LTC) laid out an ascending triangle pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.
This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.At the time of analysis, the price of Litecoin (LTC) was recorded at $91.99. If the pattern trend continues, the price of LTC might reach the resistance levels of $93.31 and $11. If the trend reverses, then the price of LTC may fall to the support of $83.31
Ltcusdanalysis
My vision of the scenario on the $LTCArguments for this development of events:
1) On the graph, you can see a push to the resistance level (it has only fake out - you need to sell)
2) Everything above $75+ was distributed to weak hands
3) The crowd is very positive about LTC (there should be a halving and a price increase - everyone thinks so)
4) Waiting for regulation of the crypto market (this will lead to the final wave of decline)
Write your coins in the comments. Thank you for your attention
Could upcoming Litecoin havening outperform BitcoinAs the halving of LTC approaches, many of you may be wondering where to invest your hard-earned money. Well, I have some exciting news for you - Litecoin (LTC) could outperform Bitcoin (BTC) as the halving approaches!
You see, LTC has a halving event coming up in August 2023, which means that the mining rewards for LTC will be cut in half. This will reduce the supply of LTC and increase its scarcity, leading to a potential increase in its value. In fact, history has shown us that LTC has outperformed BTC in the months leading up to and after its halving event.
So, why should you invest in LTC? Well, besides the potential for higher returns, LTC is a solid investment with a strong community and development team. It also has faster transaction times and lower fees compared to BTC, making it a more practical option for everyday use.
Don't miss out on this opportunity to invest in LTC before its halving event. Take action now and add LTC to your portfolio. As always, make sure to do your own research and invest wisely.
Thank you for your time and happy investing!
LTC Storms Towards a Rebound ⚡️🌩️ Will BTC and BNB Follow Suit?The global crypto market faces cloudy weather with some sun in the next 24 hours ⛅️, as the failure to reach an agreement on the US debt ceiling weighs on the market sentiment. This translates into a slightly bearish market 🐻 with downside risk.
The weather is however stormy ⛈️ – signaling an imminent rebound – for Litecoin today. Litecoin has been subject to profit-taking 💰 after interest for this crypto asset soared following its release of its own LTC-20 standard earlier in May.
Over a one-week horizon, cloudy weather with some sun ☀️ is predicted for Bitcoin and Binance Coin. This forecast can be translated into a slightly bearish market 🐻 with downside risk. The outlook is brighter for Ethereum and Ripple where a slightly bullish market 🐮 with upside potential is likely.
Follow us to stay updated with more crypto weather insights and reports!🌩️⛅🌈
Will Litecoin LTC price start new wave of cryptocurrency growth?It seems to us that the LTCUSDT price is consolidating before a strong upward momentum. The upside potential is +60%, and if we are lucky, it will be +100%.
In general, today's idea fits into the concept of the idea from 2 months ago, where we recommended buying Litecoin no earlier than 65-73$
Last night, when the BTCUSDT price updated its local low, the LTCUSD price did not. This may indicate that buyers still intend to break through the downtrend purple line, which has been in place since May 2021.
A breakout of the trend line upwards can trigger a powerful impulse movement.
Our first target is 130-135$.
If the growth is very rapid and the price of LTC is able to gain a foothold above 135$, then we can expect to reach $170-180
In general, the price movement of LTCUSDT is quite predictable on large time frames. And as we wrote in our research idea, historically, LTC price growth peaks 42 days before "the halving".
So, if we believe what the LTC price has shown in the past, the peak price could come around 13.06
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Litecoin - Looking To Sell Pullbacks In The Short TermH4 - Price is bouncing lower from a strong resistance zone.
Most recent uptrend line breakout.
No opposite signs.
H1 - Bearish divergence followed by a strong bearish move.
Currently it looks like a pullback is happening.
Until the two strong resistance zones hold my short term view remains bearish here.
#LTCUSDT Technical Analysis (Request 17)The first 15 charts for the following alts have been posted on my other social platforms:-
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LTC Halving is in the next few months and I have already posted many charts with targets from HKEX:150 to HKEX:200 before the EOY.
A close above the HKEX:103 area in daily will trigger the move.
We are very near to the breakout.
Buying the restest would be a smart move IMHO.
Let me know what you think and do hit the like button and share your view in the comment section.
Thank you
#PEACE
LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern LTCUSD BEARISH REVERSAL- Butterfly Harmonic Pattern
Butterfly Harmonic Pattern detected on this Chart. We'll ride the Bearish Trend reversal after Confirmation of this trend with a series of LL and LH. Placing Sell stop order and TP1 is at least 1:1. Later with trailing Stoploss levels more Tps Points will continue to ride this Bear trend.
#LTCUSD- APPROACHING PREMIUM AREA TO SELL Happy Weekend, Prices of the crypto has been bullish since we have got to know about USA BANKING CRISIS making DXY and other currencies vulnerable therefore for shorter term we would be expecting price to continue rising until it reach out area of reversal where we can sell for swing entry.
Litecoin LTC price is preparing to plunge by -25-30%, where buy?Historically, when a global growth trend emerges, Litecoin is ahead of the "train" and sets the pace.
We described this in more detail, with graphs and comparisons, in our previous idea here:
If we look at the LTCUSDT chart, we will notice that while almost the entire market was still growing well in the previous weeks, the LTC price stopped before an important level.
Therefore, our assumption is that in the near future, LTCUSD may begin a significant downward correction, and the entire crypto market may follow it.
For us, the ideal zone for buying LTC long for a medium- to long-term investment is the same trading range of $65-73.
If we look at the chart of the LTCBTC pair, we will see that the price broke through the trend line at the end of 2022, which finally ended the protracted downward trend.
However, the LTCBTC price is currently in consolidation and a downward correction of 15-25% is quite realistic. Therefore, there is no need to rush to buy longs at current prices; it is safer for your deposit to wait and see how the current situation will be resolved.
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LTCUSD - looking for trend continationI am looking for a signal to go long if price gets to the s/r zone.
This is also bullish on the daily t/f.
Will switch to H1 time frame to find a reason to go long.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
LITECOIN LTC price is preparing for continued growthToday we will bring to your attention the medium-term trade LTCUSDT and something more, read to the end!)
Entry $69.1
Stop $60.23
Take profit $95.74
Profit/Loss ratio 3/1
Since the Fed will announce a new rate today, we expect increased volatility in the market, so we are putting the entry order of trade well below the current price.
This trade fits into the logic of the LTC price movement, which we described in our global idea a few months ago.
In general, the Litecoin price was one of the first to show quite good growth, outpacing even the growth of BTC
One of the reasons for the rapid growth of the LTCUSD price may be the fact that LTC halving occurs about six months earlier than BTC halving, although they occur on the same mined block. In 2023-2024, everyone is waiting for the mined block #840000
As you can see on the chart above, the BTCUSDT price has a powerful and long-lasting upward trend immediately after "halving".
The price of LTCUSDT, on the contrary, after "halving", goes into a stage of long-term correction. But after rapid growth, the LTC price reaches its maximum value 6-7 weeks before the planned "halving".
Therefore, we can assume that in the medium term, the LTCUSDT price will reach its high in June 2023.
We will publish our updates on Litecoin from time to time and if you are interested in this cryptocurrency, then put a like under the idea, write a comment and subscribe to us. And you will always be promptly informed about possible price changes.
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LTC/USDT :: buyers have enough power ?!LTC/USDT :::
If the price is sufficiently supported in this range, it can easily break the channel and turn its ceiling into a strong support for itself, and if it cannot break it, it will move to the middle line again, and then again will try to break the channel .
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LTCUSDT Forming Flag Pattern!!LTCUSDT (4h Chart) Technical analysis
LTCUSDT (4h Chart) Currently trading at $76.4
Buy level: Buy after breakout
Stop loss: Below $70
TP1: $79
TP2: $84
TP3: $90
TP4: $100
Max Leverage 3x
Always keep Stop loss
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LTC/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ LTC/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Isolated (5.0X)
Entry Orders:
1) 52.35 - 100.0% (177.9822 USDT)
Take-Profit Orders:
1) 55.57 - 75.0%
2) 57.53 - 20.0%
3) 60.33 - 5.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)