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LTCBULLUSD trade ideas

Litecoin (LTCUSD) Short Term Support AreaLitecoin (LTCUSD) shows a bullish sequence from 6.14.2022 low favoring further upside. Short term, rally from 3.11.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 71.37. The crypto currency has extended higher again in wave 3. Up from wave 2, wave (i) ended at 78.43 and pullback in wave (ii) ended at 75.73. The crypto currency extends higher again in wave (iii) towards 88.79 and pullback in wave (iv) ended at 84.48. Final leg wave (v) ended at 93.80 which completed wave ((i)). Pullback in wave ((ii)) ended at 81.84 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 86.48 and rally in wave (b) ended at 90.25. Wave (c) lower ended at 81.84 which completed wave ((ii)). Litecoin then turns higher in wave ((iii)). Up from wave ((ii)), wave i ended at 103, pullback in wave ii ended at 89.38. Wave iii higher ended at 111.22 and dips in wave iv ended at 102.74. Wave v higher ended at 114.92 which completed wave (i). Pullback in wave (ii) is in progress as a zigzag Elliott Wave structure. Down from wave (i), wave a ended at 105.1 and wave b rally ended at 109.69. Expect wave c lower to complete at 93.7 – 99.8 which should end wave (ii) in higher degree. As long as pivot at 81.84 low stays intact, expect buyers to appear at blue box of 93.7 -99.82 for further upside.
BITSTAMP:LTCUSD
by Elliottwave-Forecast
1
LTC Gains Momentum 🌞🚀 XRP's Stormy Forecast 🌧️?The crypto summer shows no signs of abating any time soon ☀️, according to ATTMO. Sun with a few scattered clouds - a slightly bullish market with upside potential - is likely over the coming hours and a one-week horizon. Litecoin and XRP buck this positive trend with rainy weather ahead in the next 24 hours, which signals a slightly bearish market with downside risk. Over a one-week horizon, Litecoin may continue to rise ahead of its halving, while XRP may continue to be under pressure, ATTMO indicates. Follow us for more crypto weather reports!
BINANCE:LTCUSD.P
by ATTMO
1st of 3 ltc targets hit!The $90 target from the smallest inv h&s (with the cyan neckline) has just been hit! We now have 2 more left to hit. And in hitting the tallest one it will take us up above the magenta trendline which will put into play an even higher possible target…until that happens we will not include that 4th potential target on the chart but probability is starting to favor that 4th target. As always when one target gets hit a retrace is very possible..we can already see a bit of a wick has formed..hard to say how much of a retrace will occur before it continues towards the second target though *not financial advice*
COINBASE:LTCUSD
by DrDovetail
2
The seven year squeeze? Part 2Looking good! Did I mention I liked this setup? Cheers, all. Happy 4th! ------------------------------------------------------------------------- I posted this the other day recommending you draw these lines on the weekly for yourselves and look across different time frames. <-- I still recommend doing this. It's an interesting chart. Anyway... It's also interesting that litecoin didn't make a new high along with the other coins in the last few years... or is it? I like it. I like it a lot.
COINBASE:LTCUSDLong
by pharmer75
5
LTCUSD: Uptrend Formation within Emerging TriangleThe LTCUSD pair has been displaying a consistent upward momentum, marked by higher highs and higher lows, suggesting a bullish bias. Concurrently, a triangle pattern has emerged on the price chart, signaling a period of consolidation before an expected breakout. Such formations often precede significant price movements, making them an area of interest for traders seeking potential profits. The suggested targets ( pivot points) for this trading idea are as follows: Target 1: 114.37 Target 2: 124.48 Target 3: 143.69
COINBASE:LTCUSDLong
by UnknownUnicorn48526553
Similarity between LTC halving and BTC halvingThe Litecoin (LTC) halving and Bitcoin (BTC) halving share some similarities, as they both involve a reduction in the block reward for miners. However, there are also some differences between the two events. Block Reward Reduction: Both LTC halving and BTC halving result in a reduction of the block reward. In the case of BTC, the block reward is halved approximately every four years, while for LTC, it occurs every four times the number of blocks mined compared to Bitcoin. This means that LTC halving happens roughly four times more frequently than BTC halving. Supply Reduction: Both halvings aim to reduce the rate at which new coins are introduced into circulation. By reducing the block reward, the inflation rate decreases, leading to a more controlled and limited supply of new coins. This reduction in supply can potentially impact the price of the respective cryptocurrencies, as it can create a scarcity effect. Market Anticipation: Leading up to both LTC halving and BTC halving, there is often a period of market anticipation and speculation. Traders and investors closely monitor these events, expecting them to have a positive impact on the price due to the reduced supply. This anticipation can drive up the price in the months preceding the halving. Miner Incentives: Both halvings affect the incentives for miners. As the block reward decreases, miners receive fewer coins for their mining efforts. This reduction in rewards can lead to a shift in mining profitability and may impact the overall mining ecosystem. Miners may need to upgrade their equipment or adjust their strategies to maintain profitability. Despite these similarities, it's important to note that BTC and LTC are separate cryptocurrencies with their own unique characteristics and ecosystems. While they share some fundamental concepts, they also have differences in terms of adoption, market capitalization, community, and development, among other factors. Therefore, the impact and significance of the halving events can differ for each cryptocurrency.
BINANCE:LTCUSDShort
by NETchapter
2
LTC wants to follow in BCH footstepsLTC seems to be catching up to a major trend line forming off the previous cycle top. I anticipated this being a major area of resistance for the original alternative coin. Descending resistance is lining up with horizontal resistance and the price action is bouncing between these two key levels. RSI is in the mid 70s, which is a common turning point in the price action. Big spike in trading volume, with slight gradual gain in trading volume over the last few weeks. If LTC wants to move like BCH did, my targets for the coin are as follows: 129.50 146.30 Keep an eye on LTC, it moved 30% in a single daily candle and may have more steam. NFA Do your own DD Novice trader here!
COINBASE:LTCUSDLong
by BallsOfSteel32
1
✴️ Litecoin Is Head Towards $130 Based On This Theory...The same theory I have for Bitcoin applies for Litecoin... Let me explain. Litecoin peaked February 15 and then entered a correction/consolidation phase. This phase ended June 14, four months after the mid-February peak. After this consolidation we have a very strong bullish breakout... Welcome to today. After 4 months of consolidation, the bullish breakout is the confirmation. What has been confirmed is the next bullish move. Rather than going up just to "crash to $15K", it goes up for a few days and challenges resistance, resistance continues to be challenged until it breaks, why? Because the bullish bias has been confirmed when the consolidation broke up rather than down. Regardless of the short-term swings, we are set to experience additional growth, higher highs and higher lows with the mid-June low being the main support and the mid-March low the backup/stronger support. Any trading above these levels and the long-term bullish bias is intact and ultra strong. Litecoin is trading at its highest level since April 2022 and closed the highest since this same date (hitting new highs as I write this). This is a major development and signals that we just entered the everything grows phase. The next easy target sits around $130/$135, this is short-term. I will update you with more charts if that is your wish of course, with higher targets... Let me know in the comments. Thank you for reading. Namaste.
CRYPTO:LTCUSDLong
by AlanSantana
3
Litecoin : But it's different this timeCurrently long from 171. Any dips are a reason to buy IMO. Not sure how high this will go but first targets are near ~900. I'm sure Litecoin's long sideways movements over the years caused many to forget about this giant, pushing it to 13th on the mcap. But not me. I'm a bulliever in this coin and the technicals are there to justify. Technicals : Thus far Litecoin is maintaining the 2019 pivot high and the weekly 200 MA. Yes we bled hard but take note of the 2017 fractal: the bleed out was much worse but price quickly recovered. Watch for similar price action or consolidation at these higher levels, threatening another stab at ATH. Price has rejected perfectly off of 25% of current median, and has come to a rest on 75%. These are areas of reactions in the market so don't let them pass you by. I see this as being in a 4th wave like most of the market. At this stage, dips are for buying NOT selling. Position 1 : Long from 171 (avg fills) Position 2 : TBD Target : Minimum 850
COINBASE:LTCUSDLong
by AvenueWork
23
Litecoin halving in 52 daysThe next Litecoin halving is estimated to happen between 7/30/23 - 8/2/23. Litecoin halving is the event where the number of generated Litecoin rewards per block will be halved (divided by 2). The total number of Litecoin mined by miners per block will reduce from 12.5 to 6.25 LTC in the next Litecoin halving. Halving occurs every 840,000 blocks (approximately every 4 years). The next Litecoin Halving is Block #2,520,000. What does this halving mean for Litecoin price action? Some think that the halving is already baked into the current market price. Others believe that the halving should increase the price because the rate of supply is halved. Well, let's see what the charts say about LTC price discovery history. It turns out that LTC has a clear angle of trajectory since 2014. I can get a relative value by aligning this historic angle of trajectory with major support and resistance levels. By August 2nd, 2023 Litecoin will hit 52 dollars on the downside or 111 bucks on the upside. I think LTC 3rd halving in 52 days will be bearish. Strictly based on a probability from past price discovery patterns. Because LTC 1st halving on 8/25/25 and 2nd halving on 8/5/19 was a bearish event. That doesn't mean it must be a bearish event, it just means the current probability with all historical data to date is pointing down towards 52. If the market does something different this time around, I can see the three main levels are 52, 111 & 165. In any event, going long LTC from 52 is a very high probability, low risk opportunity if/when it presents itself going forward past August 2nd 2023, for a longer term long trade. Right now, today 6/11/23, LTC is kind of floating around in the middle of these historic angle of trajectory levels in no man's land.
KRAKEN:LTCUSDShort
by Options360
Whats a FakeOut in Technical Analysis.A fake out, in technical analysis, refers to a deceptive market move that initially appears to signal a significant shift in price direction but ultimately proves to be false. It occurs when a price breakout or breakdown occurs, luring traders into believing that a new trend is emerging, only for the price to quickly reverse and move in the opposite direction. For example, let's consider a stock that has been trading within a tight range between $50 and $60 for several weeks. Traders closely watch this range, waiting for a breakout or breakdown. Suddenly, the stock price surges above $60, triggering a breakout signal. Many traders interpret this as a bullish sign and start buying the stock, expecting further upward movement. However, instead of continuing the upward trend, the stock quickly reverses, dropping back below $60 and potentially even below the previous range. This sudden reversal traps the bullish traders, leading to losses and frustration. Fake outs can occur due to market manipulation, false signals from technical indicators, or unexpected news events. They can cause confusion and result in traders making incorrect trading decisions based on the false breakout. Therefore, it is essential for traders to exercise caution, verify breakout signals with additional confirmation, and use risk management strategies to minimize potential losses caused by fake outs. Can You See The FakeOut On This 4 Hr Chart
BITFINEX:LTCUSDLong
by sixteenFeb18