LTCUSDA strong historical resistance level has been broken. The upward trend is well formed. The price has bounced nicely towards the pullback point, I am waiting for signs and patterns to be observed.
LTCBULLUSD trade ideas
ltc halving LTC have been repeating his history and if it doesnt fail the best days on average to buy it's on may and dump in july... before halving on August. so let's see. !
Litecoin Long Term Bullish (Inverted Chart)
Fundamentals: This trade idea concerns everyone's favorite altcoin, Litecoin. While Litecoin's historical halving cycles offer valuable insights, it is crucial to consider the evolving market dynamics and potential deviations from the expected patterns. The increasing usage of Litecoin for transactions, as demonstrated by its surpassing of Bitcoin on Bitpay, highlights its growing relevance and utility. Additionally, Litecoin's classification as a commodity by the CFTC and the launch of EDX exchange backed by major tradfi institutions strengthen its position within the financial ecosystem. By critically analyzing these factors, investors and market participants can gain a more comprehensive understanding of Litecoin's market outlook and make informed decisions based on the current context.
#Litcoin wick filling strategy/ two month review BfsTrade started working new strategy analysis and trade Strategy, we maked two month review on some coins which is best working our strategy
LTC H4 ChartHi
LTC made more corrections for its wave 2 Minor and it seems
that this wave 2 is making WXY correction.
My recommendation is wait to see completed pattern and
also consider thus Red Dynamic Resistance as a trigger.
Thanks
Bye
POTENTIAL BUY ON LTCUSDAfter a clear liq sweep and break of recent highs I think we can see higher prices with small risk.
LTC - 2023 Halving playThe first LTC bottom took place 224 days before it's first halving, and it pumped ~800%. It topped out around 40 days before the halving, and subsequently dropped around ~75% in the months that followed.
The second bottom took place 245 days before it's second halving and it pumped ~600%. Once again, it topped out around 40 days before the halving, and subsequently dropped around 85% in the months that followed.
If this pattern plays out a third time, I predict the following:
1. LTC will reach it's bottom around ~235 days before it's next halving, some time in late December of 2022 and early January of 2023.
2. It will bottom out between $25 - $30.
3. It will top out between $110 - $130 in early July of 2023.
4. It will subsequently drop back down to low $30s in the months that follow.
LTC/USD: Buyers in Control Following Recent YTD Pinnacle?Daily Timeframe -
Technically, LTC/USD has gradually trended higher since bottoming in mid-June at $40.32 (2022). At the beginning of last week, we also saw the unit refresh YTD highs at $114.98, though we did spend the remainder of the week giving up ground.
Friday ended with testing support from $95.13, which, as you can see, attracted moderate dip buying. Failure to defend this level opens the possibility of testing demand at $84.65-$87.40, an area that currently shares chart space with the 50-day and 200-day simple moving averages at $89.38 and $87.83, respectively. We also observed the 50-day SMA rebound from the 200-day SMA in late June (many were calling for the possibility of a Death Cross at this point ). However, validating this signal would be difficult, given that the pair has been somewhat directionless since mid-February, formed by way of a symmetrical triangle (sometimes referred to as a coil or isosceles triangle), which, incidentally, welcomed a breakout to the upside at the end of June. But, because of last week’s correction, we are now back within the space of the symmetrical triangle. It is important to consider that the breakout higher may have simply been a whipsaw/fakeout (common with symmetrical triangles).
Ultimately, given the uptrend in play, and because of the recent YTD high and breakout above a reasonably long-term symmetrical triangle, as well as support offering a floor from $95.13, buyers could emerge from current price this week. The caveat to this, of course, is that the demand seen at $84.65-$87.40 offers more of a technically confluent area, with both the 50-day and 200-day SMAs nearby (possible support) and, thus, could haul price action lower towards this region before buyers step in.
LTCUSD - CHoCH (Change Of CharacterDefinition. The Change of character in trading represents the trend reversal in the market after a break of Highs/Lows. It is also known as CHoCh in trading. COINBASE:LTCUSD
LITCOIN IS IN A MAJOR HISTORICAL TR
Litecoin technical analysis
One of the noisy currencies of the past days is Litecoin, which grew by nearly 70% in less than 1 month. Litecoin is fluctuating between the price range of $65 and $100 in the daily time frame. Considering the few days left until the halving for this coin, if the ceiling of the trading range is broken, we expect to move up to the resistance area of $130 and $162.
Otherwise, in the short term, Litecoin can move towards the support area of the floor of the trading range, i.e. 65 to 70 dollars. Considering that the trading range shows the indecision of traders, you should wait for the right opportunities to enter the trade in the case of a break. be the roof or floor of the channel.
Major supports: $70 and $65
Major resistances: $100 and $115
NFA.
Buying Litecoin at trend of higher lows.Litecoin - 24h expiry - We look to Buy at 90.51 (stop at 86.51)
Trend line support is located at 90.40.
We look to buy dips.
Short term bias is bearish.
Prices expected to stall near trend line support.
Daily signals are bullish.
Our profit targets will be 100.51 and 102.51
Resistance: 98.00 / 100.00 / 103.50
Support: 94.14 / 91.50 / 90.00
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✴️ Litecoin | A Closer Look At The Current CorrectionFour days Litecoin printed really strong bearish candles.
The green candle 30-June was even stronger.
Strong up, strong down.
Today we are seeing the first green candle after this retrace started.
Can Litecoin resume growing now or will it continue lower?
Let's see what the chart has to say.
I looked at the volume using other pairs.
While the volume 30-June is huge, the retrace volume is just average; One point in favor of the bulls.
All the indicators continue bullish and the bounce is happening exactly at EMA21 (a retest) and 0.382 Fib. retracement.
Seeing that similar action took place late June, it is possible to see Litecoin moving forward from this point.
It is still hard to say with certainty though because this is short-term.
What is easy to say with certainty is that we will get a higher high next... The retrace can become extended but the bulls are not done yet.
Regardless of the very short-term, we go up.
Namaste.
H1 Elliot Wave & IHSOn the H1 we can see the last arch / scallop details and add the EW points for this push & consolidation.
We are bouncing from the upper TL of the triangle for support, which coincides now with the 21D EMA (red). On the right, we have an IHS in the bottom pattern with tgt of around 99-100.
A new set of dashed ORG TL's have been added to track the descending part of this pattern.
CNH handle & breakoutOn the D1 we can clearly see the triangle that has made the handle for the CNH with an uptrend (yellow) and a breakout and retest of the upper trend line (TL).
HTF to LTF breakdown threadIm going to go over pattern analysis of LTC from High Time Frame W1 to Low Time Frame H1.
On the W1, we have a bullish harmonic with targets at 249 and 305.
It leads into a Cup N Handle with tgt at 143.
A double Bottom and diamond was made around $50.
Litecoin to $32 next-I can see this coin going to $32 fairly quick if this were to be the end of W4 and the start of W5. If price were to go through the (blue resistance line) then we will adjust the chart. Rejection has already happened at this line so we should expect downside coming. This downtrending channel has been going on since 2021 and is more than likely going into 2024. Once W5 is complete we should be able to capture plenty of gains, but we have to stay patient.
I would not be a buyer of this coin.
TRADE ALERT - Long LitecoinTraders,
Doubling down on my Litecoin position. Touch my 96.42 level which intersects the top of the triangle for a perfect area of confluence and excellent support! Target $131. SL is my first entry price, $91.
Best of luck all!
Stew
Litecoin makin a coup and handle pattern?Hy,
just to share my toughts on LTC.
Please coment on idea and press like button.
Regards
W1 BULLISH HARM & OTHER TGTSwe still have a lot of climbing to make most of these tgts, so maybe 2023, maybe 2025? here they are either way.
CNH TGT apx 143
HARM 786 apx 250
HARM 1.0 apx 305
LTCUSDTLITECOIN
This whole chart analysis from April 2013 to till now.
Overall the price is an ascending channel.
Which price is supported by uptrend channel.
Now this idea, I think clear by the chart analysis.
Sample invest those amount which you can Offord it.
Keep your eyes on the prize $140 #LTCFor starters
I believe any Red candles should be bought up
We are looking at a Four figure coin in the making
In the entire industry
I believe there are only 3
#BTC. ETH, #YFI
Rainy Outlook for LTC? 🌧️ Litecoin (ahead of its halving in less than a month’s time) faces cloudy if not rainy trading conditions ahead 🌧️, indicating a bear market with a downside risk. The same goes for XRP.
On the other hand, sunny weather ☀️ with a few scattered clouds ☁️ is ahead of the global crypto market in the next 24 hours and one-week horizon. This signals a slightly bullish market with upside potential.
Follow us for more crypto weather reports!
